Citeulike is a self-governing website that offers comparisons of various online casinos. It includes affiliate links, which could result in us receiving a commission if you decide to accept any of the offers we list. Our expert team focuses on identifying top-notch bonuses and safe casino options for your gaming experience. We meticulously evaluate each bonus prior to incorporating it into our site.
If you are a player that frequents online casinos in Canada, you’ll probably be familiar with cryptocurrencies. One of the crypto tokens that have been gaining adoption is XRP known as Ripple. At Citeulike, we will provide you with the most accurate and unbiased reviews of the Canadian casino industry. In this article, we will cover how to deposit and withdraw Ripple from XRP gambling sites and the criteria for rating the best Ripple online casinos in Canada.
As mentioned, Ripple is a cryptocurrency that can be used as a decentralized payment method at Canadian XRP casinos. As long as you have a Ripple wallet set up on a mobile device or internet browser, you can play online casino games using Ripple. Of course, the first thing you need to confirm is that your online casino or betting site accepts Ripple.
To make a Ripple XRP online payment, all you need to do is select the Ripple protocol as your method of payment. We will go over this process in more detail when we cover Ripple deposits and withdrawals.
Other than that, Ripple works like any other digital wallet. If you are accustomed to using other cryptos like Bitcoin, then you will love the online gambling experience with XRP as well!
Making a Deposit at Ripple Casinos
To make a deposit at Ripple gambling sites, simply select the XRP option on the Cashier page. You might be wondering how you get to that point. Don’t worry, we are about to provide you with a step-by-step walkthrough of making Ripple deposits at any Ripple online casino!
Log in to your account at any of the top Ripple gambling sites.
Navigate to the Cashier or Banking page
From the payment options, select Ripple
Enter the number of dollars or Ripple tokens you wish to deposit
At this point, you will be asked to either enter your Ripple address or scan a QR code to link your Ripple wallets
Once your address has been confirmed, complete the transaction
Confirm that the Ripple value in your account matches the amount you deposited
Making a Withdrawal
Using Ripple to make a deposit to your online casino is a piece of cake. But what about withdrawals? As with most payment methods, withdrawing funds from Ripple casinos is easy but withdrawal times depend on the crypto casinos themselves. Here’s our step-by-step guide to withdrawing Ripple from your casino account.
Log in to your account at any Ripple casino in Canada
Navigate to the Cashier or Banking page
Enter the amount of Ripple you wish to withdraw
Enter the address for your Ripple wallet and confirm the withdrawal
Note that withdrawals are not as instant as deposits. The Ripple transactions have to clear through the casino site first
A common question we receive is about withdrawal fees and limits for Ripple. Crypto transaction fees, otherwise known as gas fees, are common around the crypto world. Networks like Ethereum have historically had higher network fees. Regarding payment processing on the XRP network, fees are almost non-existent.
As for limits, this depends on each Ripple casino. Every site in the online casino world has its own limits for player transactions. There is no industry standard for the maximum amount you can withdraw so check with your Ripple casino to see what their limits are.
Pros and Cons of Ripple
As we said, Citeulike is here to provide you with a completely unbiased review of the best Ripple casinos. This means that we’ll provide you with the positives and negatives of using XRP at Ripple casinos. Whether you are into online gaming or sports betting, here are the pros and cons of using Ripple at the best XRP gambling sites.
Pros
Using Ripple is fast and reliable with next to no transaction fees
Cryptocurrencies typically have higher limits for deposits and withdrawals
Ripple is less volatile than other cryptocurrencies
Ripple can be transferred to nearly every crypto exchange in Canada
Crypto sportsbooks and casinos can provide a generous deposit bonus when you make a Ripple deposit
Blockchains can provide an added level of security for digital currency transactions
Cons
Not all online casinos accept Ripple as of right now
The ongoing legal issues that Ripple has with the SEC make for an uncertain future
The overall volatility of the crypto markets can cause some players to not use cryptocurrencies
About Ripple Company
If you are interested in trying out some Canadian XRP Casinos, you might want to do some research into the actual company. Unlike other crypto tokens, Ripple is owned and operated by an entity called Ripple Labs.
This is different from a token like Bitcoin which is said to be a decentralized and autonomous blockchain. To be clear, Ripple is the company and payment platform, while XRP is the actual crypto token.
Ripple was founded back in 2012 and since then has expanded to have more than 500 employees that work at 15 offices around the world.
The company is attempting to create a financial system that uses fast and secure payments for everyone, no matter where you are located.
Registration and Sign-in Procedure for Ripple Online Casinos
We’ve talked about how to deposit and withdraw Ripple, but before you even get to this point, you’ll need to sign up for an account at one of the best Ripple casinos in Canada. Here’s our step-by-step guide to registering at a Ripple Casino.
First, you will have to choose your preferred Ripple site from the list of best online casinos
Click on Sign Up or Make an Account
You will likely have to enter some personal information like your name, email, and even address. Some sites will even require you to verify your identity or address.
After you have followed the steps to create an account, check for an initial deposit bonus you can claim
If you’re looking to deposit Ripple, check if the casino offers any Ripple bonuses as well
Follow our steps above to deposit money or Ripple to your account and get started with some controlled crypto gambling
Ripple – General Information
Company Name
Ripple
Payment Type
Cryptocurrency
Founders
Arthur Britto, David Schwartz, Ryan Fugger
When Founded
2012
Where Founded
Vancouver, Canada
Number of Employees
548
Number of Countries Where Available
Over 55
Transaction Time
3-5 seconds
Casino Fees for Using Ripple
Network fees
How We Rate Ripple Casino Sites
Are you interested in learning what Citeulike considers when choosing the best casinos that offer Ripple as a payment method? Luckily for you, we are fully transparent, so here is our list of features that we use to rate Ripple Casinos in Canada.
We look for a site that accepts a variety of digital currencies
We prefer casinos that focus on security and protecting their users
Look for casino sites that use industry-leading game providers
Can you use digital wallets rather than relying on financial institutions? This is important
Ripple and its crypto token XRP are rapidly gaining popularity in the Canadian crypto casino industry. Using Ripple has a long list of benefits including fast and secure transactions, higher limits for deposits and withdrawals, and anonymity without the need to rely on credit cards or banks.
While it might not yet be as popular at online gambling sites as Bitcoin, there is a strong belief that it could be in the future. Ripple is focused on providing the fastest and cheapest blockchain network and is attempting to make XRP a global currency for financial transactions.
FAQs – Xrp Casino
Yes, most Ripple casinos are regulated by the governing bodies of their regional jurisdiction. In terms of using Ripple, every transaction is recorded on the blockchain and many consider using a crypto wallet safer than entering credit card or banking info on a casino site.
In Canada, there is a long list of alternatives for Ripple payments. Blue-chip cryptos like Bitcoin, Ethereum, or Litecoin are widely accepted. There are also plenty of traditional payment methods like credit cards, Interac eTransfers, PayPal, Skrill, or PaySafe.
Ripple deposits are nearly instant just as with most crypto transactions. If a deposit hasn’t come through you can check its status on the Ripple blockchain.
James Taylor is the chief editor of Citeulike Canada Portal. This is the professional name of our bilingual go-to guy who adds value to all our work. He has been working as editor-in-chief at Citeulike Canada since 2018. Previously, he studied at the University of Quebec in Montreal and worked in market research companies.
Alternative payment methods at online casinos in Canada