Cryptocurrencies have been around for over a decade now, and it looks like they’re here to stay. Bitcoin and Ethereum are the most known cryptocurrencies, but there are a whole
variety of other options. The arrival of cryptocurrencies has revolutionized the way we are able to spend and receive money online, so it comes as no surprise that many online casinos have hopped on the crypto bandwagon. Before the recent addition of cryptocurrency to the online gambling scene, punters were only able to make transactions using fiat currency. For many, cryptocurrency has proved to be a welcome addition, as it allows for many benefits, such as increased anonymity and security when making payments. This has led many brands to accept crypto as both a deposit and withdrawal method.
The main two cryptocurrencies used in online gambling are Bitcoin (BTC) and Ethereum (ETH). A lesser known – but still widely used – option is the digital currency, Ripple (XRP). Ripple is a digital currency and money transfer network that was established in 2012. It allows individuals to make transactions, with just an internet connection.
When choosing an online casino that offers Ripple, you’ll likely need to do a little research, as you’ll want to make sure you’re opting for a reputable platform. To do this, it’s best to read over some reviews and look at the various options offered by each particular casino. The best way to do this is to head over to a ripple casino comparison page. Here you’ll be able to find a selection of the best Ripple casinos, rated in categories such as “best for online slots”, or “best for the live casino”.
Using Ripple as a payment method for online casinos brings about various advantages when compared to other cryptocurrencies, or fiat currencies
Advantages of using Ripple for online gambling
Secure
As long as you keep your private key secret, it’s difficult for potential hackers to access your XRP coins. This makes using XRP a more secure option than fiat currency, as skilled hackers are able to hack mobile banking apps.
Faster transactions
Making and receiving payments using XRP tends to be faster than making transactions using other currencies. Bitcoin, for example, can take up to 10 minutes to process, compared to XRP, which can be transferred in mere seconds. This means that you can get playing, and collect your winnings, far more quickly.
Minimal fees
Ripple transactions are very cheap to complete, making them almost free. To make a transaction, you’ll only be charged a few cents. It doesn’t cost much at all for online casino platforms to offer transactions in XRP. As a result, there are minimal fees for players, making it an attractive option for all.
Bonuses and promotions
The top casino platforms tend to offer welcome bonuses and promotions to attract new players. When an online casino platform offers XRP as a payment method, players may enjoy unique rewards for depositing XRP.
Before signing up for any casino, make sure to do your research before signing up, so that you enjoy the best gaming experience possible. For those who are looking for a faster, more secure payment method when gambling online, then look out for casinos accepting XRP.
Making and receiving payments using XRP tends to be faster than making transactions using other currencies. Bitcoin, for example, can take up to 10 minutes to process, compared to XRP, which can be transferred in mere seconds. This means that you can get playing, and collect your winnings, far more quickly.
Minimal fees
Ripple transactions are very cheap to complete, making them almost free. To make a transaction, you’ll only be charged a few cents. It doesn’t cost much at all for online casino platforms to offer transactions in XRP. As a result, there are minimal fees for players, making it an attractive option for all.
Bonuses and promotions
The top casino platforms tend to offer welcome bonuses and promotions to attract new players. When an online casino platform offers XRP as a payment method, players may enjoy unique rewards for depositing XRP.
Before signing up for any casino, make sure to do your research before signing up, so that you enjoy the best gaming experience possible. For those who are looking for a faster, more secure payment method when gambling online, then look out for casinos accepting XRP.