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How to Deposit at an XRP Casino

December 20, 2022

How to Deposit at an XRP Casino

December 20, 2022

Blog » Posts tagged "Ripple"

Playing at an XRP Casino? This is how to get started

In case you didn’t know by now, Punt Casino is big on depositing guides. We have one for pretty much every cryptocurrency on offer, and now we’ve added XRP to the mix!

We’ve put together this insanely easy to follow step by step guide on depositing at an XRP casino. Plus, we’ve advised you on where to purchase XRP if you don’t yet know how to do so.

Transacting at a XRP casino

If you’ve ever gambled at an XRP casino before, you’ll know just how advantageous it is. Faster deposits and withdrawals, cheaper and safer transactions, and complete anonymity are just some of the epic benefits of XRP betting.

We’ve provided a basic breakdown of how to deposit and withdraw at XRP casinos below.

How do deposit at Punt

But first! Watch this super comprehensive video below. Our resident Punt expert, Abby, walks you through the process of depositing bitcoin step by step. Depositing XRP is pretty much exactly the same – the only difference being the cryptocurrency you’re using.

XRP casino deposits

You won’t need to take notes – it’s really quite simple.

Find a crypto exchange: where to purchase XRP

Remember that before you are actually able to deposit into your Punt Player Account, you’ll first need to set up a crypto wallet. And, you’ll need to find a trustworthy crypto exchange site with which to purchase your Ripple.

If this is Greek to you, don’t stress. We’ve outlined this for you below.

With hundreds available, deciding on a crypto exchange site isn’t as clear cut as it may seem. There are crucial considerations such as safety, trustworthiness, and reliability. So, how do you go about choosing the right one?

Do your homework

Research, research, research! Read reviews, find out what people are saying, and get a clear overview of the user sentiment behind the various crypto exchanges before committing to one. Some people opt to make use of more than one crypto exchange, preferring to diversify to lessen risk, or to make the most of the different advantages associated with each. This is totally up to you.

Popular crypto exchange sites based on user volume:

Binance
OKX
Coinbase
Gate.io
Huobi
Kucoin
Crypto.com

Our recommendation: Coinbase

Ripple is available on most cryptocurrency exchange sites, such as Coinbase. You can find out everything you need to know about finding a safe and reliable crypto exchange in this blog.

Making your XRP deposit at Punt Casino

Step 1 – create your Punt Casino Player account

If you don’t have a Punt Player account yet, it only takes a few seconds to enter your details and create your account.

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You can either make your first deposit when signing up by making use of the quick-deposit window, or by going through the cashier.

If you opt to deposit through the quick-deposit window, you’ll be able to create your account, deposit, and claim the first part of your welcome bonus simultaneously. We’ve created a guide for you on how to claim your welcome bonus.

If you prefer to deposit through the cashier directly, the depositing process is pretty much the same. This also allows you to deposit when you’re ready, instead of right away.

Here’s how to sign up and deposit:

Click on Sign Up
Enter your information (email address, password and preferred currency) in the pop up that appears
Click on the orange Sign Up button on the pop up window
Verify your account via the email address you used to sign up
Once your email address has been confirmed, you are an official Punt member

From here, you’ll be directed to the Promotions page, where you are able to claim any of the available bonuses that Punt has created just for you. This is where the depositing happens.

Step 2 – Making your first deposit

This part is really easy! Select your deposit amount from the options available to you in the cashier menu, or enter your own amount.

Remember that the minimum deposit at Punt Casino is $9. If you want to redeem a promotional offer, keep in mind that each promotion has its own minimum deposit amount.

Next, choose your crypto payment method. Here. you’ll obviously choose Ripple.
Once you’ve done this, click Deposit.

Copy and paste the crypto address that appears into your web wallet – or scan the QR code for quick access.

Complete the transaction within your web wallet by entering the amount that you have chosen in the Punt Cashier deposit window.

Once your transaction has been verified and approved, your funds will reflect within 15 minutes (or immediately).

Now that you’ve got a few bucks in your bank, it’s time to go wild – exploring the thousands of thoroughly absorbing games that Punt has on offer.

What are the best XRP casino games?

One of the wonderful things about XRP gambling is the sheer volume of exceptional games at your fingertips! At Punt Casino, for example, there are thousands of top titles to pick from, powered by the finest software developers the industry has to offer.

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These games include sensational slots that will keep you spinning and winning, and thrilling table games where you can finesse your skills and hone your strategy. Plus, win mega amounts when you try your hand at a progressive slot, or wind down after a long day with a simple game of keno. The options are endless when you’re playing at an XRP casino such as Punt.

Don’t forget to claim your welcome bonus, either! You’ll get a brilliant bonus boost: up to 6 BTC and $25 free chip.

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Learn more about the XRP vs SEC lawsuit at Punt Casino.

What is the XRP SEC Lawsuit All About?

November 23, 2022

What is the XRP SEC Lawsuit All About?

November 23, 2022

Blog » Posts tagged "Ripple"

The XRP SEC Lawsuit Continues to Rumble On

When the Securities and Exchange Commission (SEC) charged Ripple with an unregistered sale of securities in December 2020, the shock among the Ripple hierarchy and fan base was palpable. Despite many other crypto projects pulled by the SEC for similar “offenses”, the Ripple community was aghast that the sale of XRP tokens, which dated back to 2013, was only now being investigated.

The XRP case has been the most high-profile example yet in the long-running criticism of the SEC’s handling of crypto projects, where the utility of tokens is often ignored. The result? Utter confusion for the crypto projects trying to operate within the confines of the law. After two years, we finally have an expected XRP lawsuit outcome. While it benefits Ripple, the settlement won’t help the overall crypto community at all.

What is a security?

The lawsuit against Ripple was filed in December of 2020, but stems from 2 years’ worth of efforts by the SEC to bring crypto projects that it claims had sold their tokens in a manner that constitutes as a sale of securities. A ‘security’ is defined by Investopedia as being “a fungible, negotiable financial instrument that represents some type of financial value, usually in the form of a stock, bond, or option.”

The concept was crystalized in the Securities Act of 1933 and the Securities Exchange Act of 1934. Both of these Acts were formed in the wake of the Wall Street Crash of 1929 and the Great Depression that followed.

From then on, anyone wishing to sell a security was required to register as an authorized seller of securities with the SEC. Either that, or risk a fine and possibly the closure of their business.

The “Howey Test”

These new laws were first put to the test in a 1946 landmark case – SEC vs. Howey – the result of which has paved the way for thousands of rulings on securities ever since, even in the crypto sector. The W.J. Howey Company and the Howey-in-the-Hills Service owned large tracts of citrus-growing land in Lake County, Florida – half of which were offered to the public in an attempt to help the companies finance “additional development”.

According to the SEC, most of the purchasers of this land did not possess the “knowledge, skill, and equipment necessary for the care and cultivation of citrus trees” and so, should have been viewed as speculators, hoping to make a profit through the endeavors of others who would actually work the land. This, they argued, made the land a security. The defendants, on the other hand, argued that they were just selling land, and it was up to others to do with it as they pleased.

The U.S. Supreme Court ruled that:

“[…] the transactions in this case clearly involve investment contracts, as so defined. The respondent companies are offering something more than fee simple interests in land […] they are offering an opportunity to contribute money and to share in the profits of a large citrus fruit enterprise.”

The Howey Test Criteria

This case resulted in the all-important “Howey Test” for Securities, which includes 4 criteria that must be met for a sale to be considered a security:

There is an investment of money
There is an expectation of profits
The investment of money is in a common enterprise
Any profit comes from the efforts of a promoter or third party

This test has been used by the SEC to claim that dozens of cryptocurrencies, especially those sold through ICOs, were sold as securities. This resulted in tens of millions of dollars in fines for those who either settled, or went to court and lost. To date, only one crypto project has beaten the SEC in court over a securities case.

And now… it’s Ripple’s turn

In December of 2020, it was Ripple’s turn to feel the SEC’s wrath. And the SEC, as before, pulled no punches when it came to its accusations:

“From at least 2013 through the present, Defendants sold over 14.6 billion units of a digital asset security called “XRP,” in return for cash or other consideration worth over $1.38 billion U.S. Dollars (“USD”) to fund Ripple’s operations and enrich Larsen and Garlinghouse. Defendants undertook this distribution without registering their offers and sales of XRP with the SEC as required by the federal securities laws, and no exemption from this requirement applied.”

The SEC, as it always does on these occasions, sought “injunctive relief, disgorgement with prejudgment interest, and civil penalties.”

While these differ from case to case, Block.One, the creator of the EOS blockchain, settled with the SEC for $24 million after the agency labeled its $4.1 billion ICO an unregistered sale of securities.

Ripple defends

Ripple tried to get the XRP lawsuit dropped, using the same defense that many other crypto projects have put up (almost always unsuccessful). They argued that the XRP token has utility rather than just being an investment that buyers only bought because they thought it would increase in value through the work of Ripple Labs:

“XRP performs a number of functions that are distinct from the functions of “securities” as the law has understood that term for decades. For example, XRP functions as a medium of exchange — a virtual currency used today in international and domestic transactions — moving value between jurisdictions and facilitating transactions. It is not a security and the SEC has no authority to regulate it as one.”

This argument, that cryptocurrencies are almost always designed as a utility token for the blockchain in question, is the core issue that has set the SEC at odds with crypto users and developers for years. The SEC says this is an excuse to attract investors. Developers, however, say that their tokens are crucial to the operation of the ecosystem.

Developers also complain that the SEC is very quick to enforce its rules after a project has launched, but has never offered clear guidelines on how it wants blockchains to roll out tokens in a legal manner. This argument is certainly valid. There is currently no framework in place from the SEC to help developers navigate securities laws. They just get punished when their utility token is judged to be a security.

SEC has precedent on its side

Only a handful of crypto companies have taken on the SEC when charged with securities violations – the rest have settled. The first to try its luck, was Kik. The founder, Ted Livingston, was extremely open about his desire to meet the SEC in court over their charges. He felt that a victory for Kik would act as the first step toward establishing guidelines.

However, Kik lost in October 2020 – no surprises there. The judge ruled that the “undisputed facts show Kik offered and sold securities without a registration statement or exemption from registration.”

More recently, the decentralized media platform LBRY lost its legal battle with the SEC over whether its LBC token should be classified as a security. But the judge ruled that “the SEC is correct that potential investors would understand that LBRY was pitching a speculative value proposition for its digital token”.

These two defeats didn’t help Ripple’s cause at all. The SEC is now able to point to legal precedent to bolster its claims, making it even less likely that Ripple would get the XRP SEC lawsuit dropped.

Ripple will settle

The legal battle between Ripple and the SEC has been an attritional affair. Multiple motions have been debated, awarded, and denied. Still, little progress has been made with no XRP SEC lawsuit date being penciled in.

However, Ripple may have found itself a lifeline. In September, following almost two years of battle and no XRP SEC lawsuit end date on the horizon, both Ripple and the SEC came together to ask the judge to come to a settlement figure.

This came after Ripple scored a number of wins regarding evidence that the SEC wanted kept out of the case. It resulted in the judge accusing the SEC of not acting out of “a faithful allegiance to the law”, and also of “hypocrisy” in its treatment of key evidence in the case.

This XRP SEC lawsuit update was greeted enthusiastically by those faithful to Ripple. The settlement figure will most likely be lower than if Ripple had lost the case, but there is still no official XRP lawsuit end date. The judge has many factors to take into consideration, but there is now no chance of Ripple getting the XRP lawsuit dropped.

While the outcome is great for Ripple, it will add little clarity to the issue of when cryptocurrencies are considered securities and when they’re not, leaving the crypto sector firmly at square one on that front.

Are crypto faucets worth it? Find out at Punt Casino.

Are Crypto Faucets Worth It in 2022?

October 28, 2022

Are Crypto Faucets Worth It in 2022?

October 28, 2022

Blog » Posts tagged "Ripple"

How to Use the Best Crypto Faucets in 2022 and Earn Free Bitcoin

Wait a second, free Bitcoin?! Yes, you heard it, free Bitcoin. 10 years ago, that statement would’ve fallen on deaf ears. But today, hearing “free Bitcoin” will have every Tom, Dick, Harry, and Sally scurrying to get a piece of the pie, with free crypto faucets serving them up fresh by the hour.

Crypto faucets are one of the easiest and most popular ways to get free crypto online for doing almost nothing – “almost nothing” being the key words there because when it comes to many of the crypto faucets 2022 has to offer, that’s pretty much what you can expect.

However, it’s still free bitcoin, or other free cryptos, for that matter. And considering the fact that there are actually people out there earning Bitcoin for free on crypto faucet sites, it might be worth a look. Ready to open the tap and find out if crypto faucets really are worth the hype? Let’s start with the basics.

What is a crypto faucet?

If you have no idea what crypto faucets are, have never heard of them before, and are wondering which DIY or hardware stores you can buy them from, then don’t tap out just yet, because we’re about to explain.

Crypto faucets, as misleading as the name may be to crypto newcomers, are actually websites or a crypto faucet app where users can earn free bitcoin online, usually by completing easy tasks such as solving captchas, playing simple games, or watching short advertisements, among others, receiving a small amount of crypto in return.

However, as we all know, getting something for free usually sounds too good to be true, and it also begs the question: what do free crypto faucets get out of the deal, and how does this all work?

How do crypto faucets work?

Many crypto faucets in 2022 are pretty much ad sites, displaying various advertisements on the screen or requiring users to view videos and other ads in order to earn free crypto – ads that the crypto faucet sites get paid for with every clickthrough by users.

What this means is that crypto faucets generate an income through advertising, generating website traffic, or exposing its users to certain information, mostly related to crypto. This is how they fund the “free crypto” that is paid to users for completing the tasks.

The first free crypto faucet was launched in 2010 by a Bitcoin Core developer by the name of Gavin Andresen, who sought to create global awareness of Bitcoin by giving users the opportunity to earn 5 BTC for solving a simple captcha.

Today, that quick and easy 5 BTC payout would be worth just over $100,000 – can you imagine? But, as we all know, it’s not 2010 anymore, and 5 BTC doesn’t just fall into your lap in 2022 – unless you’re claiming the 6 BTC Welcome Package at Punt, that is.

Earn free crypto on the best crypto faucet sites

Using a crypto faucet is very easy, as all you’ll need to do is sign up for an account with whichever trusted crypto faucet app or site you decide to use (we’ll mention a few good ones shortly).

In most cases, the crypto you can earn on free crypto faucets will be displayed in your account balance, and you’ll need to earn a certain amount before you can withdraw.

Remember, you’ll be paid small amounts with each task you perform, as crypto faucets in 2022 pay in Satoshis (1 Bitcoin = 100 million Satoshi), so it might take a while before you can withdraw, depending on the faucet’s threshold and hourly payout amount.

Many of the best crypto faucet websites, such as the original freebitco.in, offer various ways to get bitcoin for free, as well as the opportunity to win some incredible prizes.

After creating a crypto faucet account, you’ll have access to all the different ways to earn free Bitcoin or other cryptos with various menus and guides on the site or app on how to make the best use of a crypto faucet.

Let’s use one of the other top crypto faucets of 2022, Cointiply, as an example. Users can earn “Coins” by completing various daily tasks such as playing games, watching videos, referring other users, and completing surveys, among other ways of earning free crypto.

The primary method of earning Coins is the Cointiply Faucet “Roll & Win”. Here, the user gets a lucky roll after solving a captcha for a chance to win various Coin jackpots for free, which can be done only once every hour. Most crypto faucets and sites have a similar mechanic for the primary faucet method of earning free crypto.

“Coins” are the site’s native currency, and each Coin’s value is tied to the value of the US dollar – kind of like a stablecoin. With this site, in particular, you’ll need to earn a minimum of 50,000 coins before withdrawing Bitcoin in the equivalent US dollar value, or 30,000 coins for Dogecoin, Dashcoin, or Litecoin.

Once you’ve earned enough credits on whichever crypto faucet app or site you use and want to withdraw, you’ll need to provide your crypto wallet address for the payment to be made. If you don’t have a crypto wallet set up yet, we’ve got you covered on that front too with an all-inclusive guide for how to create a crypto wallet.

How to choose the best crypto faucet

Crypto faucets in 2022 may seem very similar to one another at first glance, but you’ll need to dig a little deeper to find the differences between them to decide which is the best crypto faucet for you to earn free crypto. Here’s what to look out for:

How frequently can you use the crypto faucet?

Almost every crypto faucet site where you can earn free crypto has a timer between claims – some sites require only five minutes, whereas others might have you waiting an hour before you can use the faucet again.

The best crypto faucet app or websites will only require a short period of time before you can spin to win free crypto again, but you’ll also need to weigh up the amounts you can win with each roll when taking this point into consideration.

Withdrawal minimums and maximums

Most crypto faucets will only pay a few Satoshis, and in many cases, these will not be paid directly to your crypto wallet. As we mentioned, you’ll have an account balance on the site or app, and you’ll have to reach the crypto faucet’s cashout threshold before you can withdraw. The best crypto faucet sites and apps will have smaller withdrawal limits.

Withdrawal methods and accepted cryptos

Although most crypto faucets will allow you to withdraw funds directly into your crypto wallet when you’ve accumulated enough credits, some may offer different payment methods which might not be as easy. Take the withdrawal methods into account when choosing a crypto faucet app or website to use.

Another important thing to consider is the different cryptos available to earn for free with crypto faucets in 2022. Of course, you want to earn cryptos that actually have value and are fairly prominent in the crypto space – avoid those shitcoins as best you can.

The Final Autoclaim crypto faucet, for example, allows users to claim up to 73 different coins automatically, all at once, on the same page.

How many ways can you earn crypto in the free crypto faucet?

Free crypto faucets might not always offer as many ways to earn crypto as some paid-subscription sites out there, but you will certainly find a crypto faucet app or an online site quite easily that offers many ways to earn Bitcoin for free. Research is key, especially when you want to find a crypto faucet that is worth your time and effort, as minimal as it may be.

Can you make a profit from crypto faucets?

It depends. Have you got the time to log in, watch advertisements, solve captchas, play mini-games, or complete surveys every few minutes for the entire day? The truth is, crypto faucets do offer the opportunity to earn free crypto, but it does take time and effort.

The problem with many crypto faucet users is that they don’t have the stamina to complete enough tasks to earn enough crypto and reach the cashout minimums. Many lose interest, give up, or simply just forget that they’ve signed up with crypto faucet sites in the first place, and never get to the point where they can actually withdraw free crypto.

Since it doesn’t really cost you anything to sign up and use free crypto faucets, then yes, you can certainly make a profit. But reaching the point where you can actually cash out free crypto is another story. But hey, you can always find a crypto faucet app or site with a low withdrawal minimum, earn free crypto, and come multiply your money in over 1,000 casino games at Punt!

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Explore the world of crypto with Punt Casino!

If you’re new to the world of cryptocurrencies and you’re looking to explore, crypto faucets in 2022 are a good option if you want to earn crypto for free and discover what digital currencies are all about.

As the fastest-rising crypto casino in the world, Punt offers many ways to learn about crypto with loads of crypto guides and information packed into our site, so if you’re looking to learn, our blog is a great place to start – not to mention our five-star selection of crypto-friendly games that could see your crypto faucet earnings turn to jackpot payouts with a click of a button.

How to Deposit Bitcoin at Punt Casino

October 12, 2022

How to Deposit Bitcoin at Punt Casino

October 12, 2022

Blog » Posts tagged "Ripple"

Bitcoin Deposits – Your Guide to Harnessing the Power of Crypto

The world is changing, and with it, the ways in which we go about our daily lives. No, this is not your weekly horoscope. It’s your guide to how to deposit bitcoin at a casino, as by depositing at Punt we put the power of crypto in the palm of your hand.

We’ll have you making your first deposit and claiming that jaw-dropping 6 BTC and $25 Free Chip Welcome Package that everyone is talking about in a few secs, so let’s get you topped up and ready to roll in our blockbuster casino games at Punt.

Why gamble using crypto?

Decentralized: The absence of regulatory authorities means that nobody can freeze your accounts or access your funds without your private pass keys. This allows you total control over your funds.

Safety and security: Crypto transactions don’t contain any of your personal information as traditional transactions that run through banks and third-party payment providers. This means you are better protected from identity theft and from hackers stealing your banking information when transacting online.

Privacy: As personal information is not linked to your crypto transactions, others cannot know who purchased, sent, or received the crypto. However, crypto is also transparent, as anyone has access to information on addresses and their balances in a public ledger – but still, no personal info is attached.

Speed and efficiency: Thanks to the efficiency of blockchain technology, crypto transactions are much faster than fiat transactions, and can be performed from anywhere in the world without affecting the speed of the transaction.

Bigger casino bonuses: Crypto casinos tend to offer much larger deposit bonuses and welcome packages than traditional online casinos – have you seen ours? You can claim up to 3 BTC and a $25 Free Chip on your first deposit at Punt, not to mention our other exciting bonuses up for grabs.

How to deposit Bitcoin at a Casino

Before you’re able to deposit Bitcoin at a casino, you’ll need to set up a crypto wallet and find a safe and reliable crypto exchange to purchase your funds from and top up your player account.

Setting up a crypto wallet and buying your crypto is quick and easy, and will not only give you access to playing at Punt but could change the way you do online banking for good. But for now, let’s focus on funding your account to start your winner’s journey at Punt.

1. Signing Up

There are 2 ways to sign up for a player account at Punt Casino. If you’re a new Punt player and you would like to make your first deposit when signing up, you can use the quick-deposit window in the lobby to sign up, make your first deposit, and claim a 125% bonus up to 3 BTC and a $25 Free Chip at the same time.

The second method allows you to register without depositing for the first time, which means you’ll have an active Punt Casino account when you’re ready to deposit and start playing. To register using this method, click on the blue “SIGN UP” button in the lobby.

You will then be presented with a signup window to complete your information – only an email address and a new password are required to sign up and make your first deposit to start playing at Punt.

You will also need to select your preferred cryptocurrency, as your account funds will be displayed in your selected currency to make it easier for you to know exactly how much you have available in your account.

Once your information is complete, click “Sign up”. You will then be asked to verify your account via the email address provided. Proceed to your email and click on the “Confirm my Email” link, or copy the code and paste it into the field provided when signing up.

Once your code has been pasted and you’ve clicked “Confirm my email” in the registration window, your account will be activated and you’ll officially be a member of the fastest-growing crypto casino in the world – congrats!

You will be taken straight to our promotions page featuring some of our latest bonuses and promotions – give them a browse to find out what’s hot and happening at Punt before clicking on either of the 2 Cashier tabs to make your first deposit.

2. Making your first Bitcoin deposit at a casino

You are now a full-fledged member of Punt – a “Punter” if you will, and ready to take the first step on your Punt Casino journey. Welcome to the Cashier menu, where state-of-the-art encryption technology safeguards your transactional and gaming activity at Punt.

To deposit, you’ll need to first select your deposit amount from those provided ($100+ will give you the best value for money if you’re claiming a bonus) or you can enter your deposit amount manually.

The 2nd step is to choose your crypto payment method from the list provided – we accept Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Binance Coin, Dogecoin, Tether, and Ripple. Once your deposit amount is entered and you’ve selected your crypto, click “Deposit”.

You will then be presented with a crypto deposit address that can be copied and pasted into your wallet to perform the transaction and a downloadable QR code that can be used to deposit if you’re using a mobile crypto wallet with QR code functionality.

Simply copy the code and complete the transaction within your crypto wallet, or scan the QR for a quick and seamless deposit. Remember to deposit the correct amount (the amount chosen in the deposit window) when depositing.

Your funds, along with your bonus funds from the Welcome Bonus (if you’ve claimed it) will appear in your account in a matter of minutes, if not instantly. You can then start betting with your favorite crypto in any of our exceptional casino games at Punt.

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3. Claiming the Welcome Package and Casino Bonuses

Each of our bonuses and promotional offers at Punt, including the 6 BTC and $25 Free Chip Welcome Package, require a bonus code to be claimed in the Cashier menu.

You can find these bonus codes when checking the info on our best offers on the menu after logging into your account, or you view the suggested offers under “Coupons” in the Cashier menu.

Remember to read the terms and conditions of each bonus before claiming, and make sure you deposit enough funds to make the best of our stellar offers.

Top up and take charge at Punt Casino now!

You see? You can deposit Bitcoin at a casino like Punt with ease, plus you can take advantage of all the benefits of crypto gambling in our top online casino games in just a few easy steps. Well, what are you waiting for? Top up your new Punt account now and let the winning begin!

Ripple Gambling: All You Need to Know About XRP Casino Gaming

September 26, 2022

Ripple Gambling: All You Need to Know About XRP Casino Gaming

September 26, 2022

Blog » Posts tagged "Ripple"

XRP Casino Guide – How to Get Started With Ripple Gambling at Punt

So you want to get in on the Ripple gambling game? We don’t blame you – with all the advantages of crypto intact and more, who doesn’t want to send a few whopping wins rippling down the reels with this groundbreaking crypto?

The good news is that Punt Casino now accepts XRP as a payment method. The even better news is that you can take advantage of all the exciting benefits that XRP gambling offers, including huge casino bonuses, blockbuster casino games, and speedier transactions with lower fees. Sound good? Let’s see how good it really is.

What is Ripple XRP?

Before you kick off the Ripple betting action at Punt, it’s important to know that Ripple and XRP are actually 2 different things. Ripple is a real-time gross settlement (RTGS) system and payment processing service, whereas XRP is the native crypto token used to settle transactions on the XRP Ledger network. So XRP is to Ripple almost like Ether is to Ethereum – almost.

Ripple was initially designed as a replacement for SWIFT, one of the top payment processing services in the world, and to remove the settlement layer between major financial institutions. Ripple’s XRP token works differently from most others, as it doesn’t run on a traditional blockchain where validators need computing power to solve mathematical equations to verify a new block.

However, it does work similarly to a blockchain, as transactions are still processed by multiple nodes. This does not really make a big difference when it comes to Ripple gambling, but it’s good to know if you’re looking to do more with XRP than just gamble.

Also, XRP cannot be “mined” like other cryptos, as there is a set limit of 100 billion coins that will ever exist, which have already been “minted” and are released systematically. There are around 45 billion coins in circulation right now.

Ripple’s blockchain, the XRP Ledger (XRPL), uses the Ripple Protocol Consensus Algorithm to verify transactions on the network, instead of the traditional Proof of Work (PoW) or Proof of Stake (PoS) protocols – this DOES affect XRP gambling, as we’ll soon explain.

How are transactions verified on the Ripple network?

For a transaction to be verified on the XRPL network, all nodes (validators) must agree on the details and parameters of the transaction – almost like a vote. Once a consensus is reached by the nodes, the transaction is verified and settled.

This is why the Ripple network can process around 1,500 transactions per second, compared to Bitcoin’s 5-7 transactions per second and Ethereum’s 15 – that means instant deposits at Ripple casinos!

But is XRP still a real crypto? Well, it isn’t exactly seen as a “decentralized” currency – not in the same way as Bitcoin is, for example. The Ripple organization is able to decide which servers can access the network (to prevent fraud and malicious attacks), making it a sort of central authority in turn. But XRP still offers all the benefits of crypto, and with its lower transaction fees and almost instant verification time (3-4 seconds), Ripple gambling is definitely a way to go.

The history of Ripple XRP

Ripple was initially named Rippleplay and was founded by a Canadian software engineer, Ryan Fugger in 2004. That means Ripple is even older than the Bitcoin blockchain. But as we mentioned, Ripple is the company, and XRP is the crypto, so it doesn’t get the “genesis block” credit.

The original Rippleplay had nothing to do with crypto or blockchain technology at all. However, it did start with a similar vision – to create a secure and efficient way of sending funds between users around the world. Little did they know that XRP casino gaming would one day dominate the online gambling scene.

Eventually, Fugger wanted out and sold Rippleplay to 3 visionaries who planned to use it to create a digital currency network. Jed McCaleb, Arthur Britto, and David Schwartz purchased Rippleplay in 2012 and later named it OpenCoin.

The re-branding frenzy continues as OpenCoin was renamed to Ripple Labs in 2013 – a name still heard today, and changed again in 2015 to what we all now know as Ripple. The company received its BitLicense from the New York State Department of Financial Services in 2016, allowing it to operate with cryptocurrencies and create crypto projects legally in the United States.

Ripple is now one of the most popular cryptos among users around the world and offers some excellent perks when it comes to Ripple gambling. Want to know what they are? Then let’s finally move on to the good stuff.

Benefits of XRP gambling

Playing at Ripple casinos instead of traditional fiat currency casinos offers a few perks, most of which apply to cryptos in general. However, many of these benefits are slightly enhanced with Ripple, such as the transaction speed, for example. XRP casino deposits are virtually instant thanks to the network’s ability to process around 1,500 transactions per second.

And let’s not forget that XRP deposits at a Ripple casino come at a fraction of the cost that fiat currencies and even most other cryptos can offer, with a current fee of around $0.0002 per transaction on average – does that minuscule amount even exist?

One also cannot dispute the fact that XRP is a very stable and prominent crypto in the digital currency market, producing very high daily transaction rates. This shows that XRP is one of the favorites among crypto users, and you can’t argue with the masses.

XRP daily transactions 2021 | Source: CryptoCompare

The Ripple network is also very versatile. Not only can it process XRP transactions, but it can also be used for other fiat currencies and cryptocurrencies. And to top it all off, Ripple gambling generally offers bigger casino bonuses than traditional fiat casinos, which in our opinion, is one of the best perks of crypto gambling.

Ripple casino bonuses at Punt

If you’re wondering if you can claim all our casino bonuses at Punt by depositing XRP, the answer is yes – you can have them all! To start off, our Welcome Package offers bonuses up to the value of 6 BTC or the XRP equivalent over your first 3 deposits, and it goes like this:

1st Deposit – 125% Bonus up to 3 BTC or XRP equivalent and a $25 Free Chip ($10 minimum deposit in XRP to claim)
2nd Deposit – 75% bonus up to 1 BTC or XRP equivalent ($20 minimum deposit in XRP to claim)
3rd Deposit – 75% bonus up to 2 BTC or XRP equivalent ($20 minimum deposit in XRP to claim)

All these bonuses come with a 40x playthrough requirement and there’s no max cashout amount. That means you can take your XRP betting to the next level with more bonus funds popped into your bankroll than anywhere else.

But this is Punt, and we don’t stop you at the front door – we let you all the way in! This is why we also provide unbeatable Ripple gambling bonus offers and free spins top-ups on the regular. Our Promotions menu is crammed with value, and if you’ve signed up at Punt, it’s all yours for the taking.

You’ll find many online Ripple casinos out there, but the truth is, they’ve got nothing on us. Our bonuses and promotions offer some of the most attainable wagering requirements you’ll find, and we’ve maxed out the rewards so you can get the best value for money when spinning the reels and topping the tables at Punt.

What are the Best Ripple Casino Games?

Best XRP casino games? We’ve got plenty because, at Punt Casino, you can take your pick. All our casino games can be played after making an XRP deposit. Our games are supplied by some of the best creators in the world, with the likes of Fugaso, KA Gaming, Dragon Gaming, and many more top providers present on the menu.

With slots, table games, jackpot games, specialty games, crash games, and much, much more, our game menu brings shame to all other Ripple casinos on the web. You can also play them all using mobile devices such as smartphones or tablets – gambling on the go has never been this easy!

How and where can I get Ripple XRP?

Like any other major crypto, XRP can be purchased at many prominent crypto exchanges, which means you can start playing Ripple casino games with ease. Doing a little research to find a trusted crypto exchange is important, as you want to make sure that your information is safe and secure, and that your funds are protected at all times.

The easiest and most trusted way of purchasing XRP is at a major exchange such as Coinbase, Binance, or eToro, but there are many more such as Uphold, BitStamp, KuCoin, Kraken, and Huobi.

The next thing to consider before you start XRP gambling is how to store your crypto funds. You will need to create a new crypto wallet to manage and store your XRP tokens and make your crypto deposit to start playing our top XRP-friendly casino games at Punt.

How to deposit Ripple XRP and start playing

Deposit bitcoin and other cryptos at Punt is simple. But before you do, you’ll need to sign up with a Punt Casino account. All you need is a password and email address, and you’ll be ready to start Ripple betting on our reels and tables with the best games backing the fun.

You can use the deposit window in the Punt lobby to register and make your first deposit at the same time, and we’ve even thrown in the option to claim your welcome bonus, so this method of depositing XRP is highly recommended.

Alternatively, you can make an XRP deposit after registering by clicking on the “Deposit Now” button in the top-right corner of the screen after logging in to your account. If you want to deposit crypto for XRP gambling, remember to select the “Ripple” payment method when making your deposit.

Ripple gambling: key takeaways

Ripple is the company, XRP is the digital currency, and the XRP Ledger (XRPL) is the network.
Ripple’s XRP doesn’t run on a traditional blockchain that requires computing power to solve mathematical equations and verify transactions. Instead, validators must reach a consensus on the Ripple network for the transaction to be verified.
It can be purchased, sold, and traded on exchanges just like other cryptocurrencies can.
XRP cannot be “mined” like other cryptos. There is a maximum limit of 100 billion XRP tokens which have been pre-mined and are released systematically, with around 45 billion coins in circulation at the moment.
XRP offers one of the fastest transaction speeds out of all the cryptos at around 3 to 4 seconds (perfect for depositing at Ripple casinos), with the network processing around 1,500 transactions per second.
Deposits at an XRP casino are extremely cheap, currently sitting at around $0.0002 per transaction on average.
Ripple betting offers all the benefits of crypto gambling, such as faster, safer, cheaper, and anonymous transactions.

Get started with Ripple gambling at Punt Casino

If you’re looking for the best Ripple casino games, bonuses and promotions, and overall gaming experience, look no further than Punt Casino. All our games can be played to win real money by simply depositing XRP using our quick and easy deposit method. Time to take advantage of XRP gambling at Punt, so reload that account, snatch your Welcome Package, and get ready to Ripple!

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XRP daily transactions 2021 | Source: CryptoCompare

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