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Best Binance Coin Casinos 2024
Binance is currently the largest crypto trading site in the world. Their top currency, the Binance Coin (BNB), was launched in 2017 with an initial sale of 100 million tokens. Unlike other cryptos, Binance “burns” tokens when volatility gets too high, making it a more durable option for online gamblers, but it’s not a stablecoin.
BNB offers the best of both worlds. Online gamblers have adopted it as a favourite because it offers minimal risk with a legit chance to increase in value.
Best BNB Betting Sites 🎲
What is a Binance Coin Casino?
Binance Coin Casinos are crypto casinos that accept Binance Coin and usually a few others like Bitcoin and Ethereum, which can be bought and sold on the Binance Crypto Exchange. Transactions are made using blockchain, so Binance Coin Casinos are some of the most secure and anonymous places to enjoy all your favourite online casino games and slots.
Gambling with crypto has become increasingly popular in online casinos because players are not required to present identification or reveal account numbers and passwords to use it. With Binance Coin, deposits and payouts are secured by assigning a unique identifier to each transaction. That makes them virtually impossible to hack.
Binance is extremely popular worldwide but has faced some difficulties in the United States. If you’re gambling in the US, see our article on Binance USD, a sister company to Binance but a separate entity simultaneously. Binance USD is legal in 46 states.
Binance Coin cannot be used in the United States.
Pros and Cons of BNB Casinos
Gambling with the most popular token from the largest crypto platform in the world certainly has its advantages. You won’t need to search far for access to more coins. The Binance Exchange is accessible in most countries, and all transactions are protected with 2FA verification.
There’s also some downside. Here’s our pros and cons list:
- Binance Coin is so popular that it is used in select vending machines in Asia and South America
- The Binance Smart Chain, the blockchain on which Binance Coin is traded, is cheaper than other blockchains
- Binance offers discount coupons on their exchange to subscribers
- Binance Crypto Exchange is for advanced traders
- Binance Coin cannot be used in the United States
How to Make a Casino Deposit With BNB
Binance does offer debit cards to spend your crypto with, but you don’t need one for online gambling. Getting set up to deposit at a Binance Coin casino is simple. You don’t need identification, and no personal information is transferred.
You will need Binance Coin, which you can buy on their exchange, and a Binance Wallet to store it in. Deposits and withdrawals are completely anonymous. Here’s how to make a low casino deposit using this method:
- Log into the Binance Coin Casino website.
- Find the cashier’s page. It may also be listed as the “banker’s area”.
- Select “Binance Coin” from their online menu.
- Copy the casino wallet code displayed on your screen.
- Log in to your Binance online wallet.
- Enter the Binance Casino Wallet Code.
- Click “Confirm” to complete your transaction.
The Binance Smart Chain is extremely fast, so the transaction time should be no more than a few minutes. Once your funds are available in the online casino account, you should be able to play all your favourite Binance Coin Casino games and slots.
Binance Coin Casinos Deposit Fee
As mentioned above, the fees for using Binance Coin for deposits are as low as 0.02%. The fees can be as high as 4.5% if you use a debit or credit card, so Binance offers significant savings. If you don’t have a Binance Wallet yet, visit Binance.com to get one. You can also use a private wallet to store your Binance Coin or transfer directly from the exchange.
How to Make a Casino Withdrawal With BNB
Taking a payout at an online Binance Coin Casino is just as easy as making a deposit. Every crypto wallet, including the one the online casino holds, has its unique identifier. Transferring Binance Coin is simply telling the system where it’s coming from and where it’s going.
The Binance Smart Chain keeps the transaction secure. Here’s how to make an instant online casino withdrawal or “take a payout” if you prefer that terminology.
- Log into the Binance Coin Casino website.
- Go back to the cashier’s page.
- Select “Binance Coin” from their online payout menu.
- Enter your Binance Wallet ID into the appropriate field.
- Enter the amount you want to withdraw.
- Click “Confirm” to complete your transaction
Binance Coin Payout Fees
The Binance fees for payouts are the same as the deposit fees, but online casinos often charge fees. They call those charges “processing fees” with normal fiat currency because payment processors charge them money for credit card and gateway transactions.
That doesn’t apply with crypto, but you might still see a small payout fee. You can find more info about BNB on binance.com.
BNB Online Casinos Withdrawal Time
This is another area where Binance won’t hold you up, but the Binance Coin Casino might. Some casinos intentionally hold your funds for twenty-four hours or more to “verify” your winnings. Once they release them, your actual transaction should take only a few minutes.
Unlike banking transactions, money doesn’t need to “clear” before you can use it.
Why Choose BNB Online Casinos?
There’s no reason not to play at a Binance Coin online casino if you’re outside the UK or United States. It’s available in multiple countries, has established a reputation for being safe and secure, and it’s issued by the company that owns the largest crypto exchange in the world. The coins are volatile, but not nearly as much as Bitcoin or Ethereum.
Binance Coin Casinos FAQs
Online gamblers who don’t know much about playing with Binance Coin are likely living in countries where it’s not widely used or has bought into the popular notion that Bitcoin and Ether are the only legitimate cryptocurrencies.
That’s not true. Binance Coin is huge outside the US and UK. Here are some of the more common questions about it:
Yes. There are Binance Coin Casinos. The numbers are small right now, but Binance is working on clearing up their legal issues so they can expand.
The number of online Binance Coin casinos is somewhat limited right now. Popular spots include Rocketpot, EarnBet, 1xBit, and BPLAY.
Yes. The Binance Smart Chain is a secure blockchain that has safely processed millions of transactions in the online casino gambling space alone.
No. Binance Coin is not legal in the United States. Instead, they offer a stablecoin called Binance USD. Go to Binance.US to learn more about this option if you’re gambling in the United States.
Binance was founded in China but is currently based and registered in the Cayman Islands. They have licenses in several countries around the world.
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Visit CasinoKevin Flynn is a lean start-up business consultant, PowerMBA, and Senior Financial Markets Editor at Investors Prism. He lives in Leominster, Massachusetts, with his wife…
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