You will likely already be intimately familiar with Binance. The cryptocurrency exchange is one of the most famous globally and has one of the highest daily trading volumes of any exchange. Launched in 2017, this Cayman Islands exchange may not be popular in the UK or US but has a global audience. It also has its altcoin – Binance Coin.
Show more Binance Coin is one of two crypto assests developed by Binance (the other being Binance Smart Chain). Only the former appears at any online casinos, alongside its parent company, as a potential payment option. What are the odds of using Binance Coin to bet at crypto casinos, though, and why might you choose to do so? If you’re interested in learning how to find Binance Coin casinos and what they offer, we’re here to help. Let us begin our guide to Binance Coin casinos by introducing you to a few of them below.
Binance Coin is one of two crypto assests developed by Binance (the other being Binance Smart Chain). Only the former appears at any online casinos, alongside its parent company, as a potential payment option.
What are the odds of using Binance Coin to bet at crypto casinos, though, and why might you choose to do so? If you’re interested in learning how to find Binance Coin casinos and what they offer, we’re here to help. Let us begin our guide to Binance Coin casinos by introducing you to a few of them below.
Binance Coin is a cryptocurrency used by the Binance exchange. Known as BNB, the cryptocurrency is part of the largest crypto exchange in the world. Over 1.4 million transactions occur per second, helping to make Binance Coin the third most successful and third-largest cryptocurrency by market share after Bitcoin and Ethereum.
BNB initially launched on Ethereum’s blockchain but now operates on its own, known as the Binance Smart Chain (as mentioned above). There is a maximum (at present) of 200 million BNB tokens in existence, and the cryptocurrency regularly “burns” one-fifth of those held in its treasury to ensure that the total supply remains intact.
Binance Coin casinos are naturally any online casinos that permit transfers to take place using BNB. Admittedly, there aren’t too many of these sites out there. However, it is possible to find them if you know where to look. We’ve already listed some top Binance Coin casinos right here on this page.
While many cryptocurrency casinos might permit Binance transactions, these are not the same as using BNB. They are casinos that merely facilitate transactions (in other cryptocurrencies) using Binance as a payment gateway. Instead, you’re going to need a specific casino that accepts BNB. On top of that, some features commonplace in other crypto casinos may not be available for BNB users. For instance, you may not be able to claim BNB-friendly bonuses or wager with the cryptocurrency. More on that now…
A dedicated cryptocurrency casino will easily let you wager using Bitcoin, Ethereum, or other major cryptocurrencies on games at the site. However, whether you can bet with a cryptocurrency depends on the software provider behind the game. There aren’t many that have made their games BNB-friendly. Therefore, you are likely going to have to convert your BNB deposit into another FIAT or cryptocurrency for gambling purposes.
If you are looking for the advantages of playing with Binance Coin at crypto casinos, they are few and far between. Nonetheless, we’ve listed them as we find them below. They include:
Binance Coin is easily one of the fastest cryptocurrencies out there. Making a deposit using this option will see you pocket your funds quicker than if you used most other options, even Bitcoin.
Given the sheer popularity of Binance’s exchange, you may already use Binance. If that’s the case, then you are likely already going to be familiar with BNB. This makes it less of a learning curve to gamble online with them.
Now that Binance Coin no longer sits on Ethereum’s blockchain, there is more privacy and anonymity. Binance has control over that blockchain and implements its security measures.
There are some disadvantages to using Binance Coin at crypto casinos, too, and in some cases, they are more important than the perks. They include:
You are not likely to find too many BNB-friendly casino games out there. Instead, your Binance Coin deposit will likely be converted into something else to bet on games.
Just like Binance Coin games don’t exist, you’re also going to have an exceptionally hard time finding BNB-friendly bonuses and promos. Again, you’re going to likely need to convert them.
Of course, there are only so many tips and hints we can provide you when it comes to cryptocurrency casinos that aren’t widespread. Here is what we would recommend you do before joining a Binance Coin casino:
If you want to get started at Binance Coin casinos in a hurry, allow us to introduce you to a few top Binance betting sites below:
You can start betting with Binance Coin at online casinos today by following these short steps:
Binance Coin may be the third-largest cryptocurrency around, but it doesn’t have a huge presence n the online casino world. You can’t gamble with it directly, but you can deposit at crypto casinos using Binance Coin and convert it into a FIAT currency or another cryptocurrency for gameplay.
If you want a bespoke, creative cryptocurrency experience, there are dedicated cryptocurrencies that are more suitable. However, if you love Binance and Binance Coins, this is one of the safer options out there. Don’t hesitate to check out our Binance Coin casinos today to find an ideal home.
If you still have queries about Binance Coin or playing at Binance Coin casino sites, we’re here to help with this brief FAQ guide. Let’s begin.
That depends, but the answer is – not likely. Binance Coin tends to be more of a payment gateway and exchange than a proper cryptocurrency. It is true that some sites accept Binance Coin tokens, and these may be attached to some bonuses, though.
On average, Binance Coin isn’t worth anywhere near as much as Bitcoin or other altcoins. You’re looking at around the $400 to $500 mark (per BNB) as a rough average.
It’s a good question to ask. Given the surplus of cryptocurrencies out there, only lovers of BNB are set to play at these casinos. However, we’d imagine that there are ample sites that accept a wealth of cryptocurrencies (including BNB), so they’ll be around for a while, even if BNB dips in popularity.
You can do everything you would normally expect to do with cryptocurrencies. You can buy BNB, store it, spend it, and sell it as you see fit.
Normally, no. As with the question above about bonuses, if you can find a site that accepts Binance Coin tokens, there is a shot of that happening. However, most games are compatible with BNB bets.