Binance Coin (BNB) – A Guide to Everything You Need to Know About Binance Coin Online Casinos
Although it's not the oldest cryptocurrency around, the Binance Coin has certainly become a huge leading figure within the crypto world. This explosion of popularity has led many to begin using it at their favourite Binance casinos.
Table of Contents
- Casinos that Accept Binance (BNB)
- Binance Casinos – A Cryptocurrency Exchange
- What is BNB?
- BNB – A Rising Niche Crypto Coin
- Pros of Using Binance Coin at Binance Casinos
- Largest Crypto Exchange
- Binance Coin Cons
- Binance Coin Banking
- Binance Coin Bonuses
- BNB Alternatives
- A Summary of Binance Casinos
- Binance Casino FAQs
Casinos that Accept Binance (BNB)
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Binance Casinos – A Cryptocurrency Exchange
Binance is a leading cryptocurrency trading exchange that lets you buy and sell digital currencies online. Open a Binance Pay wallet and purchase BTC, ETH, or BNB in seconds.
You can even sign up to Binance’s VIP Program to earn benefits like savings on trading fees and commission. Furthermore, the Binance Visa Card lets you spend your BNB online with millions of stores and sites.
In addition, Binance offers its very own digital currency called Binance Coin (BNB). It exists on the blockchain and can be bought and sold, just like Bitcoin. Every transaction is kept on the blockchain, and it’s relatively cheap to move digital currency across the web.
Armed with some BNB, you can hit the Binance casino and make a real-money transfer in seconds. Open your Binance Smart Chain casino account and claim great welcome bonuses. You can even use your BNB to play top slots by Pragmatic Play and Endorphina.
Binance’s Story and Binance Casinos
Binance started its journey in 2017 as an online exchange for trading cryptocurrencies. It was founded by Chinese developer Changpeng Zhao, a businessman who had extensive experience building trading platforms for banking firms around the world. And by 2018, Binance had beaten leading exchanges like Coinbase to become the world’s largest crypto trading site.
Since launching its own trading platform and cryptocurrency, Binance has also branched out into charitable projects. Binance Charity gives people around the world the chance to send and receive cryptocurrencies without needing a smartphone app. The Binance Charity Foundation (BCF)’s donation system is built around the blockchain, meaning that every transfer is transparent.
What is BNB?
BNB (Binance Coin) is Binance’s own cryptocurrency. It launched back in 2017 with a sale of 100 million tokens, representing half of the total lifetime supply of BNB. As more BNB tokens are mined, the value goes up. The price of 1 Binance Coin (BNB) was around $359 in June 2021 compared to just $17 a year earlier.
Like other cryptocurrencies like Bitcoin and Ethereum, Binance Coin can be used at online casinos. BNB casinos let you pay for your slots or casino games without ever using a card. Moreover, you can use your BNB to earn discounts on transfer fees when you trade on the Binance Exchange.
The process is easy:
- Log in your Binance casino account and flip open the cashier page. You’ll find a wallet address to send your crypto casino payment to.
- Now, log in to your Binance online wallet account and open the deposit page.
- Enter the Binance casino wallet address to send your digital coins to.
- The process should be pretty quick, and you’ll only have to pay a small fee to complete the payment.
BNB – A Rising Niche Crypto Coin
BNB (Binance Coin) is the main coin on the Binance blockchain. You can trade whole BNB or smaller ‘Jagers’ with other users. Alternatively, you can make payments online to any online store or Binance casino that accepts the crypto. Furthermore, you can load a Binance VISA card to transfer your cryptocurrency in seconds.
In theory, BNB should gain in value while there are coins in circulation. Binance runs regular BNB “burns” to keep the supply of digital coins down, which will continue until 100m BNB have been destroyed and removed.
Binance Coin is seen by investors as a good buy for 2021 and a stable cryptocurrency to use online. You can also get discounts when using the Binance Exchange to make transactions.
Pros of Using Binance Coin at Binance Casinos
Thinking of signing up to a Binance casino to you gamble online? There are many reasons you should put your crypto to good use at the top Binance gambling sites:
Largest Crypto Exchange
The Binance Exchange is the world’s biggest and most popular online trading site for cryptocurrencies like BNB and ETH. Make swift trades in your favourite digital coins or send money to a crypto casino.
Binance also lets you store your coins online in a safe wallet. All online transactions are protected with 2FA verification, helping to ensure no hacks on your money.
Along with all this, you can also download a dedicated Binance wallet app for iOS and Android phones. Download the app and buy crypto for your favourite BNB casino in minutes.
You can now use BNB for a range of goods and services. Some vending machines and stores in Asia and South America now accept BNB as a valid currency. Dedicated online Binance casino websites are beginning to appear as well, allowing you to make instant Binance Coin deposits and play games from the best developers around.
Low Fees & Fast Transactions
Before you can start using your crypto funds at a Binance casino, you need to make a trade. The benefits of using Binance Exchange is that you can enjoy low fees on all transactions, which leaves you more cash to play your favourite live casino games or slots.
BNB transactions are made on the Binance Smart Chain (BSC). In general, the BSC is much cheaper than other blockchains like Bitcoin and Ethereum 2.0. Fees can be as low as 0.02% to make purchases. However, they can increase to 3-4.5% if you use a debit or credit card.
Get Discount Coupons
You can also receive discounts when buying and selling BNB at the Binance Exchange site. When trading BNB for cryptocurrency gambling sites, you’ll get 25% off on spot trading fees and margin trading fees.
In addition, you can earn up to 40% commission with Binance’s referral scheme. You’ll also get access to exclusive BNB sales via the Binance Launchpad programme.
Binance Coin Cons
Before you race off to the nearest Binance casino, there are one or two drawbacks to consider.
While it’s cheap to trade BNB to use on a Binance casino online, the site is really aimed at experienced crypto traders. Other wallets like Coinbase make it a lot easier to make basic transactions online.
As with all cryptocurrencies, Binance Coin exists on a decentralised blockchain. When you buy, sell, or transfer Binance Coin, you are making a direct transfer. There are no middlemen like a bank or credit card company.
While decentralised finance (“DeFi”) is good for traders who want to take the banks out of the equation, it can also mean cryptocurrencies are open to hacks and even theft.
Stablecoins are attached to a fiat currency like USD. Binance does offer a dollar-backed stablecoin called Binance USD, which offers a little more safety for traders.
If you're living in the United Kingdom, you may also want to know that the Financial Conduct Authority (FCA) does not allow regulated Binance transactions, which could cause problems for its operation in the country.
Just like Bitcoin price, the value of a Binance coin has increased dramatically over the past year or so. However, the price of all cryptocurrencies can be extremely volatile. Values can go up and down dramatically over time.
One issue traders have with Binance is that Binance owns a lot of the BNB tokens. They also have a say over who can make alterations to the Binance Smart Chain. For some crypto traders, that goes against the principles of decentralised finance. Let’s look at some pros and cons below:
- High returns potential
- International transactions, more transparency
- Inexpensive and fast
- Extremely volatile
- Risk of loss
Binance Coin Banking
You’ll need to purchase some crypto before you deposit at a Binance casino. You can do this by opening an exchange account at the Binance website, from where you can not only buy but also sell Binance Coin, Binance USD, or even Binance VND (BVND).
First, you’ll need to sign up for an account. Provide your email address and a unique password, or download the mobile app and use your phone number as a login.
Once you have an account, you can purchase BNB for your favourite Binance casino sites. Use a debit or credit card, or hit the Binance P2P exchange to trade with other users. It’s free to use, and you can even access an ‘Express’ page, which simply lets you enter the amount you want to pay or receive without choosing a trader to do business with.
Binance Coin regularly appears in the top five for cryptocurrency transactions and trades. While only 200 million BNB can be produced in its lifetime, Binance performs regular burns to keep the total in circulation down. In theory, that should increase the value of each BNB that’s available. However, the price of 1 BNB remains volatile, and traders have concerns about how decentralised the cryptocurrency is.
Despite being one of the largest-traded cryptos, it’s still difficult to find a Binance casino. Many crypto casinos will happily accept payments by Bitcoin, Litecoin, and Ether. However, Binance Coin is still largely missing from casinos’ deposit options pages.
Binance Coin Bonuses
You can take advantage of bonuses and prize giveaways when you use Binance. Make a trade on the Binance Futures markets and earn a share of a cash prize jackpot. In addition, you can get 25% off on fees when you make BNB trades online.
If you’re a BNB miner, you can use the Binance Pool to claim daily earnings. You can set up mining accounts through your regular Binance online account.
There aren’t a huge number of Binance casino sites available in 2021. However, if you want to fund your roulette gambling another way (for example), you can use alternative online casino payment methods. Many of the best online casinos now let you pay by cryptocurrency with nothing more than a wallet address.
A Summary of Binance Casinos
Ready to check out the biggest Binance casino sites in town? Download your Binance wallet and buy BNB to get started.
Binance is one of the best crypto bets 2021 has seen, so get involved and start playing for real money today!
Binance Casino FAQs
❓ Is BNB available in my country?
Yes. You can buy and sell Binance Coin in countries across the world, including the UK and US. Open a Binance wallet account in minutes and purchase your first BNB. You’ll be depositing at a Binance casino and playing top games and slots in no time.
❓ Can I buy BNB on my mobile?
Of course! Download the Binance crypto wallet app from the App Store or Google Play Store. You can use the app to buy or sell BNB, BTC, or one of 200 cryptocurrencies with a debit or credit card in your Binance casino.
❓ Are Binance casinos legal?
Yes. Every Binance casino is legal and regulated. However, not all BNB casinos are available in every region. Check out our recommended list to find a Binance chain casino that’s right for you.
❓ Are there any BNB exchange fees?
Yes. There is an instant buy or sell fee of 0.5% of the total balance. However, you can get a 25% discount if you use BNB to pay for your charges. You’ll also reduce the fees if you’re a VIP customer in a Binance casino.
❓ Is the Binance platform safe to exchange on?
Yes. The Binance online exchange uses Two Factor Authentication to protect all its transactions. This helps to protect users from hacks and other fraud.