In the last couple of years, online gambling with cryptocurrency has exploded in popularity. The main reasons for this slowly progressing shift in gaming is the number of advantages that crypto has over fiat currency gaming. Plus, more and more people are investing in digital currency to prepare for yet another potential economic crash.
Binance Coin has made its way to the top in the crypto market and sits third in terms of popularity, closely behind Bitcoin and Ethereum. The cryptocurrency was launched in 2017 in China by Changpeng Zhao, a developer. It was initially part of the Ethereum network (ERC-20) but with the launch of the Binance Smart Chain, it has become the native coin for that network.
The following paragraphs serve as a guide on how to use Binance Coin for online casino gaming. We reviewed a number of key aspects of online gambling with cryptocurrency, including how to use Binance Coin, game and bonus variety, how to make a deposit and withdrawal, and what are the advantages and disadvantages of Binance Coin.
How to use Binance Coin for gambling
First, bear in mind that this digital currency stands apart from other cryptocurrencies, as it is not as decentralized as them. In fact, in some places, like the US, it is regulated. Also, be aware that it is available in all but seven states (43 in total). The excluded states are New York, Texas, Vermont, Hawaii, Idaho, Connecticut, and Louisiana. While this gives you guarantees of security, it also sacrifices some of the privacy that you would normally enjoy with decentralized currencies.
To start playing online Binance Coin casino games, you need to complete two steps:
Set up a Wallet
Buy Binance Coin
With that said, the first thing you need to do to use Binance Coin is to set up your wallet. You’ll have several options in this regard. You can either use the web and mobile wallets or opt for the downloadable software (Guarda, Exodus, Infinito) and external hardware wallets (Ledger Nano 8, Trezor, KeepKey). The latter is the safest method. However, try to remember the supported network token standard of your wallet, as you’ll need it to move money in and out of the wallet later (this is important).
For that purpose, you will have to provide an email and a telephone number, and you’ll need to verify your identity. Don’t worry, the verification process is easy and straightforward and will not put your personal details in jeopardy. You will need to provide a copy of your ID or driver’s license for proof of address and identity and upload a selfie of yourself. Bear in mind that you will have to undergo the id verification process, as there is no no sign up BNB casino option available out there.
Once you’ve set up your new wallet, you’ll have to buy some of the talked-about currency. You can do so on the exchange markets either by using your credit card or by depositing fiat currency into your account with which to buy Binance Coin.
Games and Slots with Binance Coin
Although you would be relatively strapped to find Binance-only casinos, more and more crypto-focused gambling sites are offering this option to the public. It is true that some game developers have not yet caught up to the trend, but that doesn’t necessarily limit their game options. The variety is still staggering as it is.
At the best Binance Coin casinos, you will find all the game types you would normally find at Bitcoin casinos: slots, dice and card table games, lottery, and real-dealer games. Binance sports betting is also catching up to other alternatives.
By far, you’ll find the biggest variety in slots at Binance Coin casinos. This is reflected by the varying themes and gameplay of the slots and the accompanying host of bonuses – usually free spins. Almost all the top slot developer brands support Binance. Titles from NetEnt, Thunderkick, BetSoft, Quickspin, Playson, Pragmatic Play, and about two dozen others, will be at your disposal.
The classic casino table library is also as full as it should be. Be ready to wager on multiple variants of Blackjack, Roulette, and Craps. For example, you test your mettle in Binance Coin casino blackjack variants such as Vegas Strip, Switch, European, and American. Those willing to experience the life-like version can navigate their way to the live casino Binance Coin section, which every best BNB casino has. Lastly, baccarat fans are not overlooked too, as the chances of stumbling upon a BNB casino with baccarat is close to 100%.
Binance Coin is also considered an ideal cryptocurrency for poker. You will have access to a variety of poker games from Evolution, Booming Games, Habanero, and BetSoft. Whether it is Texas Hold’em, Omaha, Stud Poker, or Virtual Poker, you’ll have the option to back your confidence in your skill level with Binance Coin.
The package is completed by non-traditional casino games like lottery and scratchcards.
Deposit and Withdrawal Limits with Binance Coin
The deposit and withdrawal limits vary at each casino. However, you should be aware that there are some caps for sending and receiving money to and from your wallet. The limits depend on whether or not you’ve completed your identity verification process. Non-verified users have a maximum cap of .06 BTC for withdrawals, while verified ones have 100 BTC per day. Also, there might be some fees for transactions. These fees get reduced if you increase your trading volume (which is calculated in Bitcoin). The more you climb the ladder, the more money you will have to play games with.
Check with each casino to see their deposit and withdrawal limits. Some have minimum deposits and withdrawals in place.
How to Make a Deposit Using Binance Coin
To start playing games at a Binance Coin casino, you need to deposit coins into your casino account. To top up your online casino BNB account, perform the following steps:
Go to My Account, and then the Cashier section of the casino.
Click on Deposit and select the Binance Coin option.
Copy the wallet address of the casino Binance Coin (Check to see if your wallet supports the network standard).
Paste it into your wallet in the section Send
Type in the amount and proceed.
For ease of use, simply copy the QR code after you’ve clicked Deposit in the Cashier section. Use your mobile camera to transfer the details to your wallet. Deposits are usually instant, and there are no fees.
How to Get Paid Using Binance Coin
Once you’ve raked up your first win at the online casino Binance Coin, you are ready to initiate your first withdrawal.
Go to the Cashier section and click Withdraw.
Select the Binance option.
With the address of your source wallet copied, paste it into the designated box.
Some casinos may charge minimal fees for the transactions. Check their T&Cs for additional information on this. Remember to not try to withdraw your winnings from a Binance Coin casino bonus, before you have made 100% sure that you have ticked off all the wagering requirements.
Alternative Cryptocurrencies for Online Gambling
Online casino games support a number of other crypto methods. You can take full advantage of cryptocurrency gambling with Bitcoin, Ethereum, Dogecoin, Solana, Ripple, Avalanche, and Crypto.com Chain, just to name a few.
Bonuses at Binance Coin Casinos
At a standard BNB casino, you will encounter the same variety of bonuses just as you would at Bitcoin casinos or fiat currency casinos. Our research revealed that the best Binance Coin casino bonus types are the welcome bonus and the free spins rewards. Here is a list of offers you would see at casinos that support this digital currency:
Welcome Bonus
As most casinos that support Binance Coin are not specialized in that currency alone, expect to have the welcome bonus in some other form of currency. Your deposit will trigger it. Most Binance Coin casino bonuses have a rollover between 30x and 60x.
No Deposit Bonus
This type of bonus is given to a player without the need for a deposit. At BNB casinos, it is usually in the lower value range and may come in the form of bonus credits or free spins.
Free Spins Bonus
Binance Coin Free Spins casino bonuses come with some of the best wagering requirements around. These bonuses may be part of the welcome package or come at a later stage. Some casinos make them available at zero wagering conditions. You can, for example, take advantage of True Flip’s welcome bonus which awards 50 free spins – one of the best bonus code for Binance Coin casino
Reload Bonus
For deposits on certain days of the week, you will be eligible for a reload Binance Coin casino
Loyalty Schemes
Some Binance Coin casinos have loyalty programs in store for you. These systems award you with loyalty points in return for wagered funds. You can exchange these points for various prizes.
Have in mind that new BNB casino bonuses are released every week. It would be a good idea to keep a close eye on the promotions pages of your favorite platform to not miss out on the latest Binance Coin casino offers.
Pros and Cons of Binance Coin Casinos
Even though using Binance Coin comes with a lot of advantages when it comes to gambling, you should remember that not a single currency ticks all the boxes. You will have to choose the one that fits you best.
Pros
Fast Transfers – Every Binance Coin transaction is faster than fiat currency ones. Apart from larger withdrawals, expect to see the money in your wallet within a few hours max.
Decreasing Transaction Fees – Binance uses a rewards system that decreases fees as you invest more into it.
Growing Cryptocurrency – More casino operators will focus their attention on providing Binance Coin users with more variety of games and bonuses.
Cons
Volatile – As a digital currency, Binance may undergo sudden fluctuations in value from one day to the next.
Centralized and regulated – Compared to other cryptocurrencies, Binance Coin is centralized and regulated in the USA. As such, it may be right for you if you seek a 100% guarantee that your transactions will remain private under all circumstances.
As you can see, Binance Coin comes with both advantages and disadvantages. Consider the benefits well to decide whether it’s the right cryptocurrency for you for online gambling.
Conclusion
Binance Coin is the third most popular cryptocurrency and a native product of the biggest crypto exchange market right now. As such, it is possible to gamble with this digital coin. Even though you won’t find a specialized Binance Coin online casino, you will stumble upon plenty of crypto-focused casinos with a Binance Coin payment system.
To gamble with this crypto, you need to set up a wallet first. Choose a convenient option for you and write down the network standard code, which you will need to deposit and withdraw from your wallet. This is important, because getting this wrong may cause issues with the transactions.
Gambling with this crypto offers a number of benefits, including fast transactions, decreasing transactions fees with trade market activity, and a decent number of game and bonus options, including slots, classic table games and a live casino. If you are into crypto, however, you are perhaps drawn to the concept of increased privacy. A drawback of Binance Coin is that is more regulated than other cryptos, meaning that, if complete privacy is your thing, you would be better with another cryptocurrency.
With that said, we recommend Binance Coin casinos. Every licensed BNB casino guarantees safety and comes with a good variety of games.
This review aimed to familiarize you with how this digital currency works with gambling and build on other Binance Coin casino reviews with the help of additional information derived from research and experience. We revealed to you how to set up a Binance Coin Wallet and how to make deposits and withdrawals at online casinos using the cryptocurrency. Read the FAQ section below for further information.
Is it safe to make a deposit using Binance Coin?
It is 100% safe to deposit at casinos, as long as they are licensed by the respective state government bodies. Always check to see whether an online operator has the necessary credentials. Also, Binance Coin is less decentralized than other cryptocurrencies.
How to deposit using Binance Coin?
BNB casino reviews, this one included, are unanimous that the depositing process is easy and straightforward. Once you’ve set up your wallet, go to the Cashier section of the Binance Coin online casino. Select Binance Coin, and copy the wallet address of the operator. Go to your wallet and click Send. Paste the address there and approve the transaction. You may be charged a small fee.
Is it legal to play at a casino using Binance Coin?
Trading and using Binance Coin is legal in over 180 countries and 43 states in the USA. If you are living in Texas, Hawaii, New York, Vermont, Idaho, Connecticut, or Louisiana, we advise you to use another cryptocurrency for online gambling. Keep an eye on the newest Binance Coin casino legislature to ensure you only play at legal operators.
Are BINANCE COIN casinos anonymous?
A fully licensed BNB casino online operates under the umbrella of data protection laws. This will safeguard your personal data, just as long as you are not breaking the law. Also, consider that Binance Coin has a lengthy id verification process, so it does not offer the same anonymity as, say, Bitcoin and Ethereum.
Are there any BINANCE COIN casinos?
Yes, there are about two dozen viable options online. Most of these licensed casinos support a wide variety of cryptocurrencies. Currently, two operators, True Flip and BC.Game Casino, compete for the title of ‘best BNB deposit casino’.
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