Ripple (XRP) is a strong contender for the title of the fastest cryptocurrency in the world. As per info available on the official website of this cryptocurrency, Ripple processes as many as 1,500 transactions every second with the settlement time being just around three seconds. In comparison, Ethereum takes at least four times as much, while Bitcoin transaction speed is measured in minutes.
Why Use Ripple as a Deposit Method for Online Casinos
Ripple is lightning-fast but that’s just the tip of the iceberg when it comes to why gamblers love using this crypto for online casino payments. Another reason is that – same as any other crypto – Ripple is as anonymous as possible. You don’t have to explain to your bank what you’re using your XRPs for. Just send the coins from your crypto wallet to the casino and that’s it!
You’ll also be pleased to learn that most online casinos process XRP deposits within seconds, meaning that you can start gambling straight away. It’s a similar situation with XRP withdrawals, although some gambling sites take between a few minutes and a few hours to process payout requests.
When it comes to processing fees, most gambling sites do not charge them on Ripple deposits, while some don’t do it even on withdrawals. If you’d like to find such online casinos, you should browse through our reviews of XRP-friendly sites.
Considerations and Limitations
Volatility: Like all cryptocurrencies, this banking option's value can be volatile. The value of your deposited funds may fluctuate based on market conditions.
Withdrawal Options: Some casinos might not offer Ripple as a withdrawal method. Ensure you have an alternative withdrawal method available, such as an e-wallet or bank transfer.
Regulations: Cryptocurrency regulations vary by country. Ensure that using this deposit method for online gambling is compliant with local laws in your jurisdiction.
There are many casinos out there on the internet that accept this crypto and many of them have received a positive review from us. What this means is that if you’re looking to gamble with XRP, you will be able to find a legit platform with a great game selection, easy-to-use website, responsive support, and so on.
On top of everything, you might even find a Ripple-friendly online casino on our site that’s giving lucrative bonuses and promos for deposits made with this banking option.
If you are on the go and need a more mobile banking option consider Boku.