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Binance Coin Casinos

Find the best online casino accepting Binance Coin payments.

Binance Coin or BNB is one of the two cryptocurrencies launched by Binance, an extremely popular cryptocurrency exchange. In terms of daily crypto trading volume, this exchange is the largest in the world. You can use Binance Coin for trading as well as paying fees on the Binance exchange. However, the uses of BNB go beyond the exchange, as several online casinos also accept it as a payment method today.

Let’s explore in more detail the best Binance Coin casinos online.

Best Binance Coin Casinos Online

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bonus up to 20000000Coins
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About Binance Coin

The performance of Binance Coin has been quite impressive ever since it was first introduced. It started off at US$ 0.50 and reached the value of over US$ 25 within just 67 days. Among the most important benefits of this cryptocurrency is that its users can get discounts on the fees charged. This helps considerably in growing the community of BNB users.

You can use Binance Coin across a wide range of applications. They include a variety of gaming applications and dApps. The Binance Coin users can also donate BNB tokens on Binance Charity. For long-term cryptocurrency investors, BNB tokens can be one of the profitable options. However, such returns are not guaranteed, as Binance Coin is volatile just like the other cryptocurrencies.

Binance Coin was created in 2017 by Binance, a cryptocurrency exchange founded by Changpeng Zhao, a Chinese-Canadian developer. It was launched and issued during an Initial Coin Offering (ICO). The crowdfunding event took place between June 26 and July 3.

About 50 percent of the total supply of BNB coins was offered at an issue price of 1 BTC for 20,000 BNBs. The total number of BNB tokens offered was 100,000,000. Binance Coin was issued as an ERC-20 token initially and the total supply at the time was 200,000,000 tokens. The supply of BNB coins is gradually on the decrease owing to regular coin burns.

Binance is currently looking for opportunities to register in more European countries. In the African continent, it has a strong brand presence and is taking cryptocurrency education to many of its countries. The company got the chance to re-enter the Japanese crypto market with its acquisition of Sakura Exchange on November 30, 2022.

Pros and Cons of using Binance Coin in online casinos

Binance Coin is increasingly being accepted in many online casinos as a payment method. In most of these casinos, you can make deposits and withdrawals online through the Binance smart chain. However, some countries still restrict wagering using the BNB coins. You’ll come across many casinos using Binance Coin as a payment method in regions where wagering with Binance Coin is legal.

Before you choose BNB as your preferred method of payment in your online casino, it is essential that you’re aware of the crypto’s pros and cons. So, here are some of them:

Pros:

  • This cryptocurrency is backed by Binance, the world’s leading crypto exchange
  • The lower transaction fees makes it ideal for online casino gaming
  • You don’t need to provide your sensitive data during the transactions
  • Some online casinos offer attractive bonuses for Binance Coin users

Cons:

  • Not all casinos accept Binance Coin as a payment method
  • The volatility of this crypto can impact your winnings
  • The transaction fees might change based on several factors

How does Binance Coin compare to other payment methods?

Although Binance doesn’t charge deposit fees, you’re required to pay a flat fee to cover the transaction costs when it comes to withdrawals. The fees vary based on congestion of the blockchain network and other factors. This might increase the fees when compared to the transaction fees charged by the other cryptocurrency networks.

Binance Coin provides online security features that are similar to most cryptocurrencies. Besides, you’ll benefit from its fast and anonymous transactions. This certainly gives this cryptocurrency an advantage over the traditional payment methods, such as bank transfers, and credit or debit cards. However, the popular e-wallets such as PayPal and Skrill can also give you such benefits.

You might also consider using prepaid vouchers like paysafecard instead. They also help you in making fast and anonymous transactions in online casinos. However, there’s always a risk of losing them or someone stealing the vouchers. You might not get them back in case of such incidents.

Binance Coin Fees

You can use your BNB tokens to pay the transaction fees on the exchange. Binance also gives its users a discount for paying the fees this way. You’ll not be charged any fees for making deposits. If you decide to move your BNB tokens out of your Binance account, you’ll be charged a certain amount of transaction fees.

This is usually a flat fee, which is used for covering the transaction cost involved in each withdrawal. The amount of fees is determined by the blockchain network of Binance and keeps fluctuating based on a variety of factors. Among the major factors for such variations in fees is network congestion.

You’ll also need to check if your online casino charges fees for deposits or withdrawals. If you wish to go through the most recent information on transaction fees, you can find the data on the withdrawal page of the Binance website.

How to use Binance Coin for deposits in online casinos

When you sign up with Binance, you can use its wallet for your online casino transactions. To deposit funds into your online casino account using Binance Coin, you’ll need to check if there are any maximum or minimum deposit requirements. Once you’re absolutely sure about the amount you need to deposit into your online casino account, head to the cashier, banking, or payments section of your online casino.

Choose the option to deposit funds into your online casino account. Next, click on ‘Binance Coin’ or ‘BNB’ as your preferred payment method. Upon proceeding further, you’ll be given the casino’s crypto wallet address. Copy the address and go to your Binance wallet.

Paste the address into your Binance wallet after you’ve clicked on the option to send your BNB tokens. Enter the amount you want to deposit and authorize the transaction. If the transaction is successful, you’ll get a text message or email confirming the transfer of funds.

How to use Binance Coin for withdrawals in online casinos

When you’ve accumulated a good amount of winnings, you might want to withdraw them to your Binance wallet. Before making the withdrawal, you’ll need to check if the casino website has maximum and minimum withdrawal limits. Once you’ve confirmed whether or not there are any withdrawal limits you can go ahead with the withdrawal process if you have accumulated sufficient amount of winnings.

To start the withdrawal process, navigate to the cashier, banking, or payments section of the casino website. Choose ‘Binance Coin’ or ‘BNB’ as your preferred withdrawal method. Enter the amount you want to withdraw and your unique Binance wallet address. You’ll not be required to key in any other information.

You’ll then need to authorize the transaction to proceed further. Once the transaction has been successfully completed, you’ll get a text message or email confirming the receipt of funds in your Binance wallet. Just like the other cryptocurrencies, the transaction will be completed instantly or might take a few minutes.

How secure is Binance Coin?

Binance has implemented multiple levels of security in their wallet for safe and secure transactions. This includes the use of a Google Authenticator, address whitelisting, anti-phishing code, and options in device management. All such security features make it almost impossible for anyone to hack your account.

While choosing your online casino, make sure that it uses the latest encryption technologies. It must also have a gaming license from a leading gaming regulator. You might also want to go through the online reviews that are posted on the popular casino review sites before choosing an online casino. This will give you complete peace of mind while making your transactions on the online casino of your choice.

A 24×7 customer support is an essential feature of any online casino that includes Binance Coin as a payment method. So, you must check if the casino of your choice offers round-the-clock support via phone, email, or online chat. This is extremely necessary for getting timely assistance if anything goes wrong with your online casino account.