Casinos accepting Binance Coin (BNB) are among a more rare variety of online gambling establishments. Although BNB Coin as a whole is gaining traction in the crypto community, it is also becoming much more popular in today’s crypto market.
Casinos accepting BNB as deposit and withdrawal methods are on a slow but steady rise. Many players are interested in using Binance Coin as a preferred method for gambling.
Binance is the world’s largest crypto exchange. Controlling around twenty five percent of all trading volume around the world any given day. Although if you are a United States based player or trader, you are required to use Binance.us, a partner site to Binance.com. The U.S. version still has the same low fees involved with trading on their site.
👍 Advantages of using cryptocurrency
There are many advantages to using crypto for gambling purposes. More specifically using Binance Coin as your main source of depositing and cashing out winnings from the casinos has numerous advantages. Low transaction fees can be considered a huge advantage, along with very fast confirmation times.
Also, the anonymity provided that comes along with decentralized crypto-based casinos is another advantage for privacy. Our review section will provide you with a list of casinos accepting all types of crypto, including BNB.
💡 What is Binance Coin and how to get it?
Binance Coin (BNB) can be traded and used to pay network fees on the Binance network. Users are gifted discounts on the Binance cryptocurrency exchange for using BNB. Many traders consider this a huge plus as this can result in a meaningful amount of funds in the long run.
BNB can also be used to trade with all the other forms of cryptocurrency on the exchange, such as Bitcoin and Ethereum. The combination of low transaction fees, quick confirmation times, and user discounts are large contributing factors to why BNB is on the rise. This is also why BNB is holding the third spot on lists of most valuable cryptocurrencies.
The Binance exchange runs pretty much the same as any other exchange you have used in the past. But may take a small adjustment period when adapting to a new form of currency or trading.
Make sure to complete your due diligence before adding funds to the exchange without fully understanding the methods and rules of Binance and the United States partner version of the exchange.
In several countries, including the USA, users will have to complete some form of EEA or KYC (know your customer) identity verification process. It can be completed on the Binance app and it is a self-explanatory streamlined, painless process.
There are many different wallets to store your BNB coins. Funds can also be held directly on the Binance exchange site.
🛡️ Importance of choosing a top notch secure BNB wallet
Selecting the right BNB wallet is extremely important to your bottom line. Read reviews and study your options before choosing your wallet. Many online wallets and exchanges have been hacked by criminals looking to steal your and everyone else’s cryptocurrency. Online wallets are less secure by far than a private downloaded wallet.
Also be sure to enable two factor authentication for the best security of your crypto and be sure to only give out your public addresses, never ever expose your private addresses. Many a thief would be able to empty your wallet with those private keys.
Wallets also provide some type of backup option such as a string of random words. Be sure to follow the wallets guidelines to store this backup option (usually offline) to ensure access to your wallet if you break your computer or lose your phone. You will be highly disappointed if you do not do this and you lose access to your wallet. Because these backup options will be your only recovery method.
These backup methods are stored offline to ensure a hacker can’t gain access to your recovery method to steal your BNB.
✔️ Choosing the best casino to play with BNB cryptocurrency
It’s best to do your research before choosing a Binance coin casino. Be sure to read all of the player reviews from whatever casino you are thinking of wagering at. These player reviews will provide you with key information.
Doing your research properly can make the difference in cashing out thousands of dollars and not getting a penny of what you thought were your winnings.
Each casino will have minimum deposit amounts overall. Also, each possible bonus will contain different conditions to meet. So be sure to do your due diligence, to ensure if you do win, you win you are going to be paid.
It’s sad to say but there are many players’ reviews online about being totally scammed out of funds. Other reviews speak of breaking a bonus rule and being disqualified from life-changing amounts of money.
Country restrictions
One of the first things you want to check is if your country is restricted from wagering at any BNB casino you are thinking of using.
Especially for a United States based player, you will be excluded from more casinos than you are allowed to wager at. Any country may be excluded. It is crucial to double check that your country is accepted.
You don’t want to go through the sign-up process and possibly deposit your BNB at a casino you can’t even place a wager at. It could lead to a total loss of the deposit depending on the casino’s specific rule sets.
Game selection
The next factor you want to look into that can be very important is the game selection that the Binance coin casino provides. You surely do not want to get in a rush to deposit your crypto and find out the casino does not carry any games you want to play.
Casinos, depending on the company they license software from, can have wildly different sets of game selection.
For example, it is very rare, but you may be able to find a BNB friendly casino that has poker tournaments or poker cash games. If you are interested in playing poker be sure to check for this specifically.
Some casinos may provide blackjack with live dealers you stream right to your device.
Also depending on the software provider, the slot machines can be horrible, look cheap and just be no fun at all to wager on.
Table games provided can also play a role in your decision if you are looking to wager at games like craps, roulette, and baccarat. Many casinos also have games like three or four card poker, let it ride, and many others.
By reading the reviews you should be able to find a casino that is friendly towards BNB. Which also has a great game selection that fits your tastes.
Some casinos also license software from the same providers. Meaning they will have jackpots that are progressively building up across multiple websites. These jackpots can grow to great amounts of funds, anywhere from 1,000$ dollars up to 100,000$ dollars, and even larger. These jackpots can be very important if you are trying to maximize possible winnings against your deposit amount.
Some slot machines also contain random jackpots you may hit just for playing that certain slot at a certain time. These jackpots are usually smaller averaging payouts of around 5,000$ dollars.
So you can see how extremely important it is to know what each casino’s rules pertain to each game type. It is important to know the rules to all the different games, to ensure if you do win, you are sure to be paid out.
There are many factors that play very important roles in choosing the best possible casino to wager at.
For United States Players the payout time frames can be very different than other countries at the same casinos.
Although usually when cashing out in cryptocurrency the time frame will be the same across the board.
Loyalty programs
Another service provided by most Binance coin casinos are their loyalty programs. Loyalty programs can be very different. Some types of programs will fit certain types of players better than others.
Depending on how much you are willing to risk and the types of games you play will affect which loyalty program may fit you best. Some loyalty programs will add up points to your account that can be traded for cash to wager.
Some casinos will award these points while you are still wagering bonus funds. Some programs only start accumulating points after the playthrough amount from your bonus is reached.
Certain games accumulate more points than others for loyalty rewards. Also, each game will contribute different amounts of wagering, that add towards reaching the playthrough requirements of a deposit match bonus.
Table and live games often count for less wagering amounts towards reaching your playthrough amount, than the slot machines do.
Bonuses
Bonuses given can be another huge factor in choosing the best BNB casino.
Welcome bonuses for your first deposit are usually the best bonus you can get. Welcome bonuses will have the highest match rates of any bonuses. Welcome bonuses sometimes can match as high as five hundred percent of what you deposit.
Be sure and check the playthrough amount on any bonus used. Each bonus will have a certain amount of wagering to meet before any funds can be withdrawn from the casino.
Playthrough is the amount of wagering required to clear a bonus. These wagering amounts, or playthrough, can be anywhere from thirty times the bonus amount, to sixty times the bonus amount.
For example, if you receive a bonus of 100$ dollars at a 30 times playthrough, you will need to wager 3000$ dollars before cashing out any funds.
Deposits can be made without using a bonus and you will not have any type of playthrough amounts to meet. Meaning you can cashout your winnings whenever you desire.
Be sure to watch out for bonuses with huge wagering or playthrough requirements. Depending on the amount you deposit, it could seem also impossible to reach the required playthrough amount. Making it virtually impossible to cash out any funds.
Licensing
Another factor you can look into is the operations of the casino, and which, if any, gaming licensing authority the casino operates under. These licensing agencies can show you and prove games are not rigged to cheat you and are fairly run from top to bottom.
A casino that does not operate under some type of licensing agency could in all reality cheat you right out of your BNB, and you probably would have no idea.
Also, you’ll want to find out how the casino runs its KYC and identity verifications process. You most likely will not be paid until this process is completed. These processes can take up to two days to complete at most casinos.
It is best to get this process taken care of to ensure, if you do win, you are not waiting extra days to receive your winnings while waiting to verify your identity.
Identity verification is usually a very easy process to complete. They can be simple as filling in a short form and emailing the form and a copy of your ID to the casino.
All BNB casinos can be different, so be sure to find out exactly what needs to be done to complete identity verification at your chosen casino.
Withdrawal fees
Another factor to be aware of is withdrawal fees associated with your BNB cash out. Casinos can charge different amounts when cashing out your winnings.
Some casinos may not have any fees to cashout cryptocurrency.
There will also be minimum amounts required to withdraw any funds from the casino.
Player reviews and complaints
All of these factors combined can seem overwhelming. Running a simple search and reading through the proper reviews will give you all of the above mentioned information you need in a nice little breakdown with a score or letter grade. Player reviews will usually be included on the same page.
As part of the player review section, many of the review sites will have a system for reviews or complaints, where the casino is able to respond to claims made by a player. The casino will have the opportunity to provide evidence of why the player is wrong about what they are claiming.
These systems will also give the casino a chance to fix the issue with the player. The review than would be updated to state the casino took the proper action to make the situation right.
By doing this it ensures both parties are given a fair chance to make their claim. These types of systems let the other players see if the casino is a site that will scam you for your coin, or if they are legitimate and they payout. Also shows if the casino will go the extra mile to fix any outstanding issues a player made in their review or complaint.
These review processes will be some of the most important information you find about a prospective casino you may want to wager your funds through.
All these different factors may seem overwhelming, but you can easily weed out the bad actors and find a great honest legitimate Binance coin casino. A casino that has the games you want to play. A casino you feel confident that if you win you will be paid out correctly and in a timely manner.
Also if you somehow feel you were wronged by a casino, you will already know where to go, and how to make a review or file a complaint. Possibly leading to getting the situation fixed in your favor.
If this might be your very first experience wagering at an online casino take it slow. It cannot be stressed enough how important it is to make sure you do not just rush in and choose the first casino you may come into contact with. Take your time, do your research. Read the reviews and complaints. Read the updates and final outcomes of the situations.
Figure out where you will get the best value for your BNB, to maximize possible profits. Look for casinos with a good reputation. Make sure feel confident with your wagering levels, and how it affects the ability to use their loyalty programs. Make sure to use bonuses in your favor.
And if you make a deposit and end up disappointed with the casino you chose, do not be afraid to cut your losses at that casino. Go back and redo your research and find another website to try. Eventually, you will find one you prefer, that is right for you.
When choosing a second casino to try, make sure you check the software companies they lease their games through. Because as mentioned above, different casinos may lease the same software. Meaning game selections will be almost the exact same. So you may end up depositing at a casino that is exactly the same as the one you were not satisfied with in the first place.
🪙 BNB not your only option for gambling
Crypto casinos may vary slightly in this manner, but BNB is usually not your only option for depositing and cashing out at online casinos.
The casinos will have other options from credit cards, prepaid pin cards, vouchers, and other cryptocurrencies. Depending on where you live you will have different possible depositing methods available.
Most casinos have different cryptocurrencies to use, such as Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Dogecoin (DOGE), and many others.
Remember the value of each cryptocurrency will fluctuate, meaning it is constantly changing. So at different times of the day or year, you may want to use different coins at different points.
Many casinos have exclusive bonuses if you use BTC versus other cryptocurrencies, but bonuses are ever-changing.
👉 Pros and cons of using BNB for online gambling
Pros
- Low transaction fees
- Quick confirmation times
- User discount at exchange
- Casino loyalty rewards and bonuses
- Growing value of BNB
Cons
- Limited online casinos available to use BNB compared to BTC
- United States based players face more difficulties obtaining BNB
- BNB designed for more experienced traders
- Not great for first time Crypto buyers
- Not great for first time Crypto users trying to learn the ways of crypto gambling online
↔️ Using BNB to make deposits and withdrawals
BNB depositing process
- Choose a reputable casino that uses BNB as a payment method (by this point you should have a BNB wallet with BNB ready to send).
- Proceed to the casinos cashier page choose an amount and BNB as deposit method, choose a deposit bonus that suits your needs, the cashier will provide you a BNB wallet address to send the specified amount of BNB to.
- Copy the address given, or use QR code whatever you feel comfortable with.
- Navigate to your BNB wallet, choose the send option, input the address you have copied and enter the specified amount of funds (double check to be safe, one decimal point can change 100$ dollars to 1000$ dollars).
- Submit the transaction (tx) to send, confirm it and wait for the transaction to confirm on the Binance network.
- Make sure funds deposited plus the applicable bonus are correct and then choose your desired game to wager on.
BNB withdrawal process
To withdraw your winning, you will mostly be running the deposit method in reverse order.
- Navigate to the casino cashier and choose your desired cashout amount
- Open your BNB wallet and choose the receive option and copy the given address
- Go back to the casino cashier and input the receiving address in specified location and confirm the amount and address by whatever 2 factor method the casino tells you to do so (most casinos will use a phone number or email address for your protection in the withdrawing process.
- Wait the time specified amount of time stated by the casino in the FAQ section or in the casinos cashier page and look for your winnings to show up
May seem more complicated than it really is, and once you perform this operation a few times you will be a regular professional.
📌Research and reading equals ready to go
Now you should know more about what BNB is and how BNB operates in the world of cryptocurrency gambling. The guide also explained BNB gaining value and its popularity steadily growing. Also where and how to obtain BNB.
Knowing how to avoid the pitfalls of choosing the proper wallet and making sure your BNB is secured. By having this information provided to you, you should feel most comfortable moving forward to use BNB for gambling at casinos online.
You should also feel very comfortable with your ability to pick the right Binance coin casino to risk your cryptocurrency at. Knowing you can make the right choice to fit your specific set of criteria, like games selection, bonus selection, required playthrough amounts, and casino rule sets, is super important and you have been given that knowledge right here.
Knowing you are going to take the time to research and put in your due diligence and put the knowledge you were provided to good use, should make you feel confident to make your first attempt to gamble BNB online.
You are ready to take the steps in this guide to put the odds in your favor the best you can. Implement the steps provided in this guide.
This is complete and up-to-date information on Binance Coin casinos. If you find anything confusing or overwhelming just slow down reread some of the information and be sure not to rush into a bad choice. Processes can seem confusing, seem more complicated than things really are. Especially if this is your first experience purchasing or depositing cryptocurrency at an online casino.