Blockchain technology has been linked with the iGaming industry for a long time, showing potency and sparking many innovative technologies. Similarly, Binance is a major crypto exchange that has been a leading voice of innovation since the birth of cryptocurrencies. The Binance Coin is the exchange platform’s native currency.
It’s also a fairly popular method of depositing and withdrawing money in online casinos. The Binance Coin features many advantages compared even to bigger cryptos. However, its presence in the online casino world has been relatively limited so far.
On this page, the Casino Bloke takes a look at using Binance Coin to gamble online. We’ll consider the pros and cons of BNB as a banking method as well as details such as fees, waiting times, and so on.
However, it should immediately be clear that BNB isn’t really popular or widespread in casino sites online. If you’re looking for more ubiquitous methods, check this page.
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Binance Coin was initially invented as a utility coin used to pay fees on the exchange. It has grown since, but you can see why it’s not as popular among vendors as, say, Bitcoin.
That doesn’t mean that Binance Coin casinos do not exist, of course. Merely that they’re harder to find – especially if you have high standards for casinos as we do.
Whenever we run into casinos that accept BNB while making our reviews of gambling sites, we’ll list them here. Use the interactive ranking table to find exactly what you’re looking for quickly and easily.
Bitstarz Welcome Bonus covers 4 first deposits. 1st deposit is a 100% up to €100 or 1 BTC + 180 Free Spins. 20 Instant free spins + 160 (20 per day, starting in 24 hours). A minimum deposit of 20 EUR is required to receive the 180 free spins. 2nd, 3rd, and 4th receive 50% up to €100 or 1 BTC,50% up to €200 or 2 BTC , or 100% up to €100 or 1 BTC, respectively.
The minimum deposit requirement to qualify for any part of welcome bonus is 0.6 mBTC, its equivalent in other currency. Welcome package consists of: 100% bonus up to €100/1,5 BTC and 100 free spins on your 1st deposit; 75% bonus up to €100/1,25 BTC on your 2nd deposit; 50% bonus up to €200/1,25 BTC on your 3rd deposit; 100% bonus up to €100/1 BTC + 50 FS on your 4th deposit. All bonuses (unless otherwise specified) need to be wagered 35 times before the funds can be withdrawn. Time to wager - 14 days.
New FuturePlay Casino players can claim 4 deposit bonuses worth up to 4 BTC + 400 Free Spins. Spins valid only on select slots. Free Spins rollover 40x. 1st deposit wag. req. 40x, 2nd, 3rd, and 4th 35x. All bonuses valid for 7 days. Min deposit 30 USDT (or currency equivalent).
The minimum deposit to receive a bonus is 0.01 BTC/BCH/ETH. Your bonus is earned when you collect loyalty points by placing sports bets or playing bitcoin casino games. We’ll release 0.01 BTC for every 800 loyalty points you earn or 0.01 BCH/ETH for every 150 loyalty points. These increments will appear directly in your Cloudbet account, up to a maximum of 5 BTC/BCH/ETH. You have a total of 60 days to earn all the loyalty points needed to release your entire welcome bonus. You can view your bitcoin bonus balance on your player dashboard at any time, as well as the amount of loyalty points needed to release the next increment.
New Revolution Casino players can claim a €500 + 200 Free Spins welcome bonus with a 100% match of the deposit plus 200 Free Spins distributed over 10 days in sets of 20. Wagering req. 35x (deposit + bonus) for the cash bonus, plus 40x for Free Spins. Players have 10 days to complete rollover. Min deposit is €20.
Welcome package covers 4 deposits up to a total of 3.5 BTC. 45x wagering requirement. New customers only. Terms and conditions apply.
Company Name:
Binance Coin
Headquarters:
George Town, Cayman Islands
Established:
2017
81 / 100
Rates, Fees & Cost – Setup cost and transaction fees
9
Security – Level of safety and security measures
9
Availability – Number of serviced countries
5
Reputation – Overall feedback among players and consumers
8
Customer Support – Quality of assistance and speed of response
6
The history of the Binance coin may seem a bit confusing to someone who isn’t well-versed in crypto trading and terminology. We’ll try to cover the most important points in a simple, understandable way.
Binance is one of the world’s biggest crypto exchanges, and it has been since the first cryptos were traded. However, they wanted their own coin in order to reduce transaction fees. In 2017, an Ethereum-based ERC-20 token was launched for exactly that purpose. Binance users were encouraged to pick them up through discounts on using various services on the platform.
Since then, BNB changed into an independent coin. In many ways, however, it remained a relatively unremarkable digital asset. Its advantages were mainly tied to using the Binance exchange – especially if you’re an active trader.
To be clear, though, BNB is still accepted and traded in all sorts of exchanges. It can be stored in wallets, and a growing number of online vendors are adding Binance Coin to their list of accepted payment options.
The online casino business is a bit behind the curve in that regard. However, it’s quite possible to find great Binance Coin casinos if you know where to look.
Anyone even remotely familiar with cryptos won’t have any trouble figuring out how to deposit to casinos with BNB. However, we’ll include a short guide for beginners.
First of all, you’ll need an exchange and/or wallet to purchase Binance Coins. Thankfully, there’s an easy recommendation for which to use – Binance. Of course, there are dozens of alternatives out there, so don’t be afraid to shop around.
Use the exchange to purchase BNB. Once you have some, you can deposit to a casino using these simple steps.
Crypto transactions are always instant. Your funds will be available to play in a matter of minutes.
Yes. Withdrawing Binance Coins from your casino account is as simple as depositing them. The process is pretty much reversed.
All transactions are processed in minutes. That said, some casinos may take a few hours or even days to verify the withdrawal request. If you don’t want to wait and only want casinos with the fastest withdrawal times, check out this page.
Binance Coin transfers are essentially free. There is a tiny fee involved, but it’s negligible unless you’re transferring huge amounts often.
However, there are other factors to consider. For starters, crypto wallets often charge their own fees for providing their services. Secondly, exchanging your funds from BNB to a fiat currency is subject to exchange fees and rates. Keep this in mind while picking your wallet and exchange.
The same can be said about Binance Coin withdrawal times. Technically, the transaction itself is near-instant. However, casino sites sometimes have to verify requests as a security feature. This doesn’t happen often – after all, quick payments are one of the main selling points of all cryptocurrencies. Still, it’s something to keep in mind.
Unlike most crypto foundations, Binance is a large customer-facing business. This means that the official website has robust customer service options. You can contact them about anything regarding the exchange platform, wallet, or built-in BNB currency.
Binance customer support includes a large help centre that can answer many questions and solve basic issues. You can also contact a 24/7 live chat service that will help you if all else fails.
For better or worse, the advantages of this payment option are similar to all other cryptocurrencies. In short, this refers to minimal fees, instant transactions (including withdrawals), and nigh-impenetrable security.
One key difference, however, is the question of anonymity and decentralization. Many competing options pride themselves on keeping all user information private. Moreover, most highlight the fact that they’re independent of banks, governments, and financial institutions.
This is not the case with BNB. 80% of all coins are owned by the exchange itself, so it’s quite centralized.
As it stands, Binance Coins are a great option if you opt to use the Binance exchange. Considering this is widely considered to be one of the best platforms of its kind, it’s a reasonable pick.
It’s also worth mentioning that there’s a Binance Visa debit card, which immensely increases the currency’s usability by directly converting BNB to fiat whenever used. It’s a very specialized kind of service, but it’s worth looking into.
Yes. Like most blockchain-based systems, the ledger cannot be cheated. Moreover, crypto wallets feature additional layers of security.
Yes, you can both deposit to and withdraw from online casinos using BNB.
Technically, withdrawals are near-instant. However, some casinos may require a short period to process and validate withdrawal requests.
Absolutely. Gambling using Binance Coins is common in the crypto gambling world, and BNB is a great choice due to its relative stability.
All cryptocurrencies are available worldwide. However, some US states have imposed restrictions on trading. Check the official website for more info.