What is Binance Coin?
Binance Coin was launched in July 2017 by Binance, a highly-rated and international exchange. Binance decided they were going to create a native currency for their exchange.
The currency was initially created as a way to provide users with trade discounts. Instead of paying the excess transaction fees associated with other cryptocurrencies, BNB holders would have to pay close to nothing when exchanging on Binance.
What started as discount trading, quickly turned into a worldwide favored cryptocurrency. BNB currently ranks 4th by market cap. Due to their growing popularity, many casinos have taken notice of BNB and started adding it to their offerings. This means you can pay and play at our above-recommended Binance Coin casinos.
Before you start gambling with Binance, let’s first elaborate on the benefits, how it works, and why you should consider it. Let’s get into it all.
Benefits of Binance Coin casinos
As we have seen the best Binance Coin casinos stand strong against other contenders, but it is important to note that gambling with any cryptocurrency is better than most fiat options. Simply put, cryptocurrency provides:
- Fast transactions
- Lower fees
- Transparent data
- Anonymity
With that being said, Binance Coin gambling is still better than a majority of other cryptocurrencies.
Binance Coin vs Bitcoin casinos
Binance can process up to 1.4 million transactions per second, meaning you can get access to your funds faster than ever. 1MB block takes up to 3 seconds to configure, whereas Bitcoins 1MB block can take up to 10 minutes.
To top it off, you are not contributing to the extreme carbon emission brought on by other cryptocurrencies. Gambling with BNB also comes with discount trading fees, meaning when you use this cryptocurrency in general, you are saving.
Overall, there are plenty of benefits surrounding BNB, which is why many prefer gambling with Binance Coin.
How to gamble with Binance Coin
When gambling at a top Binance Coin casino, getting started is easy.
- Start by finding good casinos that accept BNB, you can find our recommendations further up in this article.
- Then you can sign up to your preferred top Binance Coin casino, fill in all required information and confirm your account activation.
- From there, you can either select a welcome/deposit bonus or go straight to depositing.
- Depositing is fairly simple. First, ensure you have BNB available for depositing in one of your crypto wallets. Once you’ve got your money in your wallet, head over to the deposit section and select BNB as your method of choice.
- You will be given specific instructions on how to make a deposit, and that’s it! Usually, they will provide you with an address to send funds to. It really is that simple. Your funds should clear and become available in your account within a few minutes.
Then you can get started, and play your favorite games at top Binance Coin casinos.
FAQs
Can I use Binance for online gambling?
Yes, of course! There are plenty of online casinos that accept deposits and withdrawals in Binance Coin, you just have to find a platform you prefer.
Is it legal to gamble with cryptocurrency?
That depends on your geographic location. Some people do use VPNs to bypass their countries' limitations, while cryptocurrency adds a layer of anonymity so they can not be traced back. But in most regions, online gambling with cryptocurrency is legal.
Is Binance Coin legit?
Binance Coin was started by Binance, an industry-leading cryptocurrency exchange. Their token is generally well regarded in the community, bettering a lot of flaws present in other tokens. With an established name, and being vetted by many, it is safe to say it's legit.
What can Binance Coin be used for?
Binance Coin can be used for trading, buying goods, and more. Recently, many more casinos have started accepting Binance Coin, adding to the list of what you can use Binance Coin for.
Is gambling with Binance Coin safe?
Yes, most cryptocurrencies provide heightened security and transparency due to their use of Blockchain technology. Binance Coin is safe to gamble with.
