Binance USD is one of several cryptocurrencies developed by the crypto exchange giant, Binance. Binance USD or BUSD was developed by Paxos and Binance, and while not the most famous cryptocurrency or altcoin out there, Binance USD is accepted by over twenty wallets. You don’t even have to acquire this token coin from Binance, with over thirty exchanges also accepting and selling it.
Show more In principle, Binance USD is primarily developed to be a cryptocurrency that is backed by the US dollar. We’ve several of these over the years, and most – as it turns out – aren’t US-backed. BUSD is closer than most when it comes to this. We should expect 1 BUSD to equate to 1 USD. Does that make it ideal for cryptocurrency gambling, though? You can find out in the rest of our guide, but first, let’s introduce you to some top Binance USD casinos.
In principle, Binance USD is primarily developed to be a cryptocurrency that is backed by the US dollar. We’ve several of these over the years, and most – as it turns out – aren’t US-backed. BUSD is closer than most when it comes to this. We should expect 1 BUSD to equate to 1 USD. Does that make it ideal for cryptocurrency gambling, though? You can find out in the rest of our guide, but first, let’s introduce you to some top Binance USD casinos.
Binance USD (BUSD)
Binance USD was developed as one of several cryptocurrencies linked to the cryptocurrency exchange, Binance. However, this one was developed to be tied to the US dollar. Unlike its rivals (some of which have tried to follow a similar path), Binance USD regularly publishes audited reports of its reserves to ensure that 1 BUSD really is worth 1 USD. Because of this, it is considerably more stable than many other altcoins out there. That naturally makes it considerably attractive as a currency for gambling with.
Again, because Binance USD is so stable, it is a firm favorite at online casinos. Admittedly, not all cryptocurrency casinos out there accept Binance USD and there are many that don’t. However, because it is not as volatile as rival options, casinos and players alike have found a lot of use for this altcoin.
A BUSD casino can be defined as any betting that formally accepts Binance USD as a payment method. That may not mean that you can actively wager with it, but making deposits and withdrawals using this cryptocurrency won’t be an issue at all.
Binance USD casinos are growing in popularity. As the altcoin gets a larger following, don’t be surprised to see a wealth of casino software providers start making their games compatible with the cryptocurrency. If you pop into BUSD betting sites right now, you can already expect to see the following games:
What you want to see are games that can be played for free (as well as real money), as these let you get a bit of practice in before you risk your cash. At the same time, mobile optimized games are a plus, and we would like to see RTP rates published in the name of fairness.
There are pros and cons to betting with Binance USD at online casinos, and we’ll walk you through some of these new.
Because every single BUSD you come across is backed by a single US dollar, the cryptocurrency is super stable. As the exchange rate is fixed, bettors will know exactly how much the cryptocurrency is worth and won’t ever have to suffer the ills of using a highly volatile cryptocurrency.
Binance USD is fully backed by a single US dollar per BUSD. We know that you have probably heard this before, with options such as Tether (USDT), but Binance USD can prove it via audited reports. This is the cryptocurrency that comes closest to sticking to this rule, whereas most others have broken it in some way, shape or form, such as USDT counting loans and investments as part of that backing.
Because of the exchange rate (1:1), new bettors won’t get confused with betting. There can often be an issue of not knowing how valuable a cryptocurrency is when gambling. That isn’t the case here. Moreover, because it is tied to the USD, it is easy for software providers to make their games BUSD-friendly, as they don’t require radical redesigns in terms of bets.
While most things about BUSD are rosy, not everything is. Here are some of the disadvantages of using BUSD.
BUSD’s strongest asset could also be its biggest weakness. Because BUSD is tied to the US dollar, it is secure. However, there is, therefore, no room for growth here. This will be disappointing to many bettors who like to potentially make a bit of money based on the natural growth of cryptocurrencies.
While it is possible for crypto casinos to make Binance USD widely available, it hasn’t yet taken off. There are still only a handful of crypto betting sites that accept BUSD. We’re expecting this to change in the future, but we must call it is like it is at this moment in time.
Not all BUSD casinos are alike. There are very good reasons for joining some of our recommended Binance USD casinos and not others. We’ve detailed a few of these for you below…
We’re going to let you get started soon. However, if you’re finding choosing a BUSD casino a difficult task, why not check out our recommended Binance USD casino?
Binance USD casinos are some of the best places to you can wager with cryptocurrencies, even if they are few. Here are the steps you need to take to get started.
BUSD is a cryptocurrency and altcoin (well, it’s a stablecoin, really) that hasn’t quite taken off yet, but it is very much on the road to doing so. Because it is a stablecoin, you can play safely in the knowledge that it isn’t going to lose value. In effect, Binance USD casinos offer you all the perks of playing at a traditional USD casino, albeit with the advantages of a cryptocurrency betting site to boot.
Finally, we’ll address a few of your questions concerning BUSD casinos below. They include:
At some of our recommended casinos, there will be bonuses. Most of them offer this service. However, the ability to claim these in BUSD will vary from casino to casino, so check our reviews for more information.
Again, this is an issue that is going to vary from site to site. Some software providers have made their games accept BUSD (it isn’t much different from accepting USD for them), but many haven’t.
Binance USD comes from exchanges Binance and Paxos. It is not the first stablecoin to be tied to US dollars, but it is arguably the one that does so the most successful out of those available.
Again, this is all down to the casino you choose to play at. Some casinos have free spin bonuses, and some accept BUSD to claim those offers. We urge you to check our BTCGOSU Binance USD casino reviews to learn more about a site’s offers.
You should be able to figure this one out with ease. BUSD is a stablecoin that is tied to the US dollar. Unlike some of its counterparts, 1 BUSD is worth exactly 1 USD. It always will be, and that exchange rate won’t change.