In a surprising twist, Binance Coin is now used as a payment method for gambling sites. However, there is still much work to be done in the online gambling industry.
Best Binance Coin Casinos
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Now there’s a BNB stable coin based on the US dollar, but it’s still not as popular as the original Binance Coin. The new coin will have to gain more prominence in order for casino customers to take notice.
What is Binance Coin?
Binance Coin, the token of the Binance crypto exchange, has been successful since its launch on July 25, 2017. The coin has climbed to number 3 in the ranking of the most successful cryptocurrencies – right behind Bitcoin and Ethereum, with a daily trading volume that has now reached $1.5 billion.
Binance Coin (BNB) skyrocketed in popularity in less than a year, reaching the status of being considered one of the safest cryptocurrencies on the market in 2018. Investors should always exercise caution when trading Binance Coin, but now it is becoming more and more common for casinos to accept digital currency in exchange for their virtual goods and services.
Binance, the largest crypto exchange platform, holds 80% of all BNB coins. The feature of the token: It is a currency that can be bought both on centralized and decentralized exchanges.
Buy BNB Coins – easy and safe
When it comes to Binance coin, you can buy it directly from Binance. The company’s founder and CEO started the exchange there, so he’s likely to have some influence over the coin’s development. In fact, a large number of tokens in circulation are owned by Binance itself.
But there are other options for buying BNB, too:
To buy BNB tokens, you must first register as a user at an exchange. The registration process is quick and easy; you do not need any prior knowledge about cryptocurrencies.
While Binance is the best exchange to trade BNB, those who do not speak English may be better off using other options – for example, if they wish to avoid dealing with complicated instructions.
Let’s go through each step in brief
- Select exchange
- Start registration
- Follow the instructions on this page to register with us.
- Upload necessary documents
- To make sure you are registered, please confirm or verify your registration.
- Deposits and BNB Exchange are available now.
The Binance Coin was developed to help people trade bitcoin more easily. When it was launched, the inventors circulated 200 million BNB tokens – of which only about 20 million were available for circulation. However, after a year, the supply of coins shrank to almost nothing , meaning that players who want to use the cryptocurrency in crypto casinos will have to buy it early on .
Binance exchanges a certain quantity of BNB tokens every quarter in order to destroy them. The exact amount depends on how well the course develops.
Special features of the Binance coin
The Binance Coin was originally created on the Ethereum blockchain. As time passed, the team behind the coin decided to create its own blockchain for improved functionality and speed. The currency is now based on the Binance exchange and can be traded for other digital assets like Bitcoin and US dollars.
Binance’s own Smart Chain, compatible with the Ethereum Virtual Machine, gives BNB an advantage over other coins. Although you can use BNB in a variety of ways, it is one of the few coins that can be used on both platforms: Ethereum and EOS.
- Every quarter, BNB tokens are burned.
- This makes it a currency that will decrease in value over time.
- Meanwhile, Binance USD is preparing to launch its own stable coin.
- Transaction fees and processing time are low.
- Here is a direct link to the Binance exchange.
Binance is a cryptocurrency exchange that is rapidly gaining popularity. Led by founder Changpeng Zhao, the company’s goal is to provide easy-to-use, secure and professional services for traders. The BNB token represents ownership in Binance, and its price directly reflects the success of the exchange. Prior to the introduction of the wallet, BNB experienced a gradual rise in value and was worth less than USD 10 per token. After its official launch and widespread adoption, however, it experienced a real bull run and suddenly rose to USD 300 per token.
What potential does BNB have in crypto casinos?
As third-largest token in terms of market capitalization, BNB is an important asset for crypto aficionados. In fact, before playing any game or using any app or service, you must purchase BNB first.
Binance offers a great deal for crypto casino customers, because not only does it make trades very quickly, but it also charges low fees. This means that both sides win in the long run, especially for regular investors.
In terms of transaction fees, BNB tokens are similar to those of Ethereum. The price difference is likely due to the fact that BNB is a newer coin. As things stand at present, we assume that at least Binance itself will keep the level low.
Play seriously and safely with BNB Coin
If you plan to invest real money in one of the large crypto exchanges, you’re already on the safe side. All BNB Coin Casinos that we know of offer transparent payout rates, win rates and bonus conditions that can be claimed with BNB.
Seriousness is a requirement for players. This is guaranteed by licenses and other factors, such as reliable and technically experienced customer service. It indicates that the chosen provider does not save at the wrong end and therefore provides its guests with an entertaining basis for playing.
What are the payment limits at Binance Coin Casino?
Crypto gambling is becoming increasingly popular. One reason for this is that customers now have more options for depositing and withdrawing money from their crypto casinos than ever before. On one hand, BNB and other currencies make it possible to make payments quickly and securely. On the other hand, transactions with Binance Coin are usually free of charge with no maximum limit.
For example, BC.Game and 1XSlots Casino require a minimum deposit of 0.01 BNB – which is around 2 euros at the present time – and Bitstarz requires a minimum deposit of 0.02 BNB. This means that no high investment is required to get started at these online casinos and to directly secure the chance of real profits.
To deposit with BNB at all in a crypto casino, you’ll need the appropriate tokens. It’s important to pay attention to the seriousness of the crypto exchange used, because if you decide to buy it, you should definitely look at Binance. After all, it is the exchange that developed and circulated the BNB coin.
The course has been quite manageable so far, but if existing tokens are “burned” – meaning they are destroyed or lost – this could change. So it may be worth investing in a larger amount of the coins right now.
BNB Casino – Useful Tips:
- Be aware of current price trends.
- Choose an exchange that is secure, easy-to-use, and provides high levels of customer service.
- See if the BNB Casino is trustworthy.
- If you find a better offer, compare it and use it if available.
When looking for a Binance Coin Casino, it’s important to look at the bonus promotions and gaming options of different providers. Our test reports can help you find the right provider for you.
Reputable online gaming sites with BNB acceptance offer transparency. Their players may take a look at what they’re betting on or how their prize money is distributed before making a deposit.
Binance Coin Casinos Alternatives to Consider
It’s important to know the alternatives to Bitcoin, the best-known digital currency. Today’s options go far beyond Bitcoin, as the following selection shows:
While bitcoin casinos were once the only games in town, today there is an abundance of alternative cryptocurrencies. So if your preferred provider doesn’t launch with BNB soon, there’s no need to worry; you can register with one of those services and use their options while you wait.
What 8Spins think about the Binance Coin Casinos?
Binance Coin has a bright future, according to experts at 8spins.com . The currency was developed by none other than Changpeng Zhao, the founder of Binance Crypto Exchange, who moved to Canada from China. After studying medicine and then creating highly complex trading software, he devoted himself entirely to his new project. The Binance developer brings incredible knowledge and obviously knows how to create the highest security standards.