Best Binance Coin Gambling Sites
Crypto gambling is making huge waves in the industry and we can’t ignore it. Bitcoin led the way, but now the rest are following.
Binance’s own currency, the Binance Coin, is gaining ground on some of its biggest competitors. The best BNB gambling site will be fun, safe and honest. Here, we look at the best Binance Coin gambling sites.
Benefits of Binance Coin Gambling Sites
So, why would people opt to try out Binance Coin gambling sites instead of more traditional fiat currency sites? Well, just because something feels familiar, that doesn’t necessarily make it better. There are numerous benefits attached to making the switch:
Fiat vs Crypto
There are numerous things to consider when comparing the two different types of casino sites.
Obviously, the main difference is the type of currency used. Traditional casinos use fiat currencies such as US Dollar and GB Sterling. However, cryptocurrency casinos only accept digital currencies (such as Binance Coin, Bitcoin, Ethereum etc) which have no physical presence and aren’t yet as widely accepted across the world. Some people aren’t as comfortable with this yet.
Cryptocurrency, especially Binance Coin, is not yet widely available. Although it is one of the fastest-growing cryptos at the moment, it certainly isn’t as accepted as coins such as Bitcoin and Ethereum. This means you have to delve a bit deeper to get a good Binance Coin gambling site and your options won’t be as plentiful.
In addition, although fiat currencies are susceptible to some market fluctuations, Binance Coins and other cryptos are much more dramatically affected. The coins in your account could rise or fall overnight depending on whether it’s a Bull market or Bear market.
If you opt for crypto betting, then you need to consider the safety of your funds. You need to choose a very secure wallet because hackers are always on the lookout to find ways to threaten your crypto money. They look for ways to access BNB casino sites and expose transactions which can have a major effect on the value of your coins.
Before being able to gamble on a Binance Coin gambling site, you need to have registered with Binance, which could take some additional time. However, this isn’t much different to paying with eWallets at a traditional casino site.
There are pros and cons for both. However, for those players that are familiar with cryptocurrencies, the pros far outweigh the cons. Once you have set yourself up and found the best Binance Coin Casinos there are faster transactions, cheaper transactions, anonymity and more security.
Decentralisation = Less Restrictions
One of the things people love most about cryptocurrencies such as Binance Coin is the fact that it is decentralised. This means that there is no middleman that controls your money. There is no central institution that governs and rules how, where and when you can spend your money – blocking transactions at will.
Binance Coin uses decentralised blockchain whereas fiat currencies require the use of middlemen such as banks, credit card companies, eWallets and other financial institutions to process any transaction. They could block the payment or delay the payment – which means that the transaction times are usually much slower.
With Binance Coin, you’ll never get an irritating message saying that your account is frozen because of suspicious activity.
Binance Coin uses decentralised blockchain whereas fiat currencies require the use of middlemen such as banks, credit card companies, eWallets and other financial institutions to process any transaction. They could block the payment or delay the payment – which means that the transaction times are usually much slower.
With Binance Coin, you’ll never get an irritating message saying that your account is frozen because of suspicious activity.
Safety and Transaction Speed
The reason people moved on from bank card payments and bank transfers to eWallets was because of the speed of transactions. That is also why people are now so attracted to Binance Coin payments.
Even with instant eWallet payment, the casinos can take hours or even a couple of days to process your withdrawal. However, many cryptocurrencies will process a withdrawal request immediately – and others just take 30 or so minutes. The overall withdrawal time will also depend on AML and verification procedures which can vary from site to site.
Anonymity
Lots of people don’t really like the fact that their gambling transactions are visible to credit checkers and banks if paying with traditional currencies. This can affect credit applications and loans etc.
However, Binance Coin transactions offer players complete anonymity, which means that no third party can access your crypto financial information. Because there is an anonymous transaction process, this makes your money even safer than when making a fiat transaction.
Fast Payouts and Greater Limits
We all want to get our money quickly. One of the biggest attractions of crypto transactions is the fast withdrawals and minimal fees. There are also higher withdrawal limits which means that if you do hit a big win, you won’t need to withdraw the wins in monthly instalments!
Binance Coin Gambling Sites Reviews
We put all of our casinos through the strictest process to ensure that we only provide a top BNB casino review. We put them through their paces from start to finish to ensure that it is a smooth and seamless process from registration to withdrawal. This is the case with all of our crypto casino reviews.
We will register a new account, make a deposit and claim the bonus to ensure that it runs smoothly. We look through the games, contact customer support and see if the entire UX is up to scratch. We then request withdrawals to see how quickly and efficiently they are processed.
Finally, we check out their reputation in the industry, their licensing and certification to ensure that they are safe, secure and fully trustworthy.
Remember, it is important to do your own research as well. Here are our tips for using Binance Coin in online gambling:
- Read our Binance Coin gambling sites reviews thoroughly to make sure you know what to expect
- Compare different Binance Coin wallets and make sure you choose the right one for your needs.
- Pay attention to the current BNB rate.
- Check the banking page to see if BNB is accepted and find out information about the banking.
- Make sure you know what you need to deposit to claim your bonus and withdraw your winnings.
Ultimately, how to gamble with BNB is about getting it right at every step.
A Short Guide to Crypto Gambling
Once you have decided that you feel confident that you know how to gamble with Binance Coin, you simply need to make sure you follow these steps in our Binance Coin gambling guide:
We recommend you look at our list of top recommended gambling sites to make sure that they are trusted and reliable. All of these will:
- Be licensed to play by a reputable licensing body
- Be tested for fairness
- Offer a generous and fair bonus
- Offer plenty of Binance games
- Have an excellent customer support
- Offer fast deposits and withdrawals with minimum fees
- Have an outstanding industry reputation
Read through our reviews and pick the one that you think suits your needs the most and then follow their steps to create your new account.
Choose and Buy Cryptocurrency
This is where you need to do a bit of research. Do try and find the best time to buy the cryptocurrency – which may require a bit of market research. You then need to find the exchange where you will get the best value for your money with the best rates. Then, transfer it into your Binance Coin wallet.
Set Up Your Binance Coin Wallet
If you haven’t already got a Binance Coin wallet, then you will need to find the best Binance Wallet for you and set it up. Read through the different types of wallets to see which one is the best for you. Compare the wallets, pick the one you want and make a note of your Personal Wallet Number (PWN). Transfer your Binance Coin into your wallet.
Deposit Binance Coin to the Gambling Site
Once you have your wallet and casino, you simply need to transfer the money:
- Open the casino banking section and select BNB or ‘Cryptocurrency’
- Make a note of the BNB’s Personal Wallet Number (a mix of letters and numbers)
- Open your BNB wallet and enter the BNB casino Personal Wallet Number and how much you wish to deposit
- Your funds should be in your account momentarily
- Remember to claim your Binance Coin welcome bonus
Withdrawals are also just as easy:
- Log into your BNB casino account
- Open up the banking section and click on ‘Withdraw’
- Select BNB as your preferred withdrawal method
- Enter your BNB wallet details and the amount you wish to withdraw
- Click on confirm
How to Find the Best Binance Coin Gambling Site?
If you decide to look at some of your own BNB casinos or want to do your own research, then this BNB gambling guide should help you make an informed decision. Here are the factors you should look at when choosing your best Binance Coin gambling site:
Does the Crypto Gambling Site Support Your Country?
First, you need to find out: ‘is Binance Coin gambling legal in your country’? Although crypto payments are borderless, BNB gambling is restricted in some countries and not all casinos are regulated in all countries. Can you gamble with Binance Coin in your country and, if so, is the casino you choose legal and regulated in your country?
Binance Coin Gambling Site Trustworthiness
The first rule of any BNB gambling guide is that you should only play at a casino that has been licensed by one of the main governing bodies such as the UKGC or Malta Gaming Authority.
In addition, the games should regularly be tested by a third-party agency for fairness and transparency or have a provably fair system. You should also ensure that it is protected by high-end SSL encryption technology.
Support Team (Native Language?)
Ideally, they will offer a customer support team that is available around the clock, 24/7. They should also be contactable via different methods including Live Chat, email and phone. We would also recommend that you ensure they offer support in your native tongue, especially if English isn’t your first language.
Transactions and Fees
A good BNB online casino will offer smooth, seamless and safe transactions. We will also expect to see a variety of different cryptocurrencies accepted as well as Binance Coins. As a proof of stake coin, there should also be fast deposits, fast withdrawals and high maximum deposits and withdrawals.
Offers, Promotions, Bonuses
The BNB casino should offer both generous and fair bonuses – and plenty of them. They should be high-value with reasonable terms and conditions. We also expect the casino to have plenty available for existing customers as well as new players.
Other things you should look at include the selection of games. There should be slots, table games, live casino games and blockchain-based games from the very best game providers in the world.
Should You Consider Gambling Online Using Binance Coins?
Let’s look at the Binance Coin pros and cons:
Safe and secure
Completely Anonymous
Quick deposits and withdrawals
Cross-border payments, fewer geographical restrictions
A good value cryptocurrency – which means lots of cheaper fees and value betting opportunities
Lots of generous bonuses and promotions
Not as widely available as Bitcoin and altcoins such as Ethereum
Have to register with Binance to buy BNB before you can make a deposit
Binance Coin Gambling Sites FAQs
Are Binance Coin Gambling Websites Legal?
Yes, as long as you are in a country where crypto gambling is legal and you are playing on a licensed and regulated gambling site. You can play perfectly legally as long as you are located in the right location, are aware of the gambling rules in your region and play at a licensed site.
Can I Gamble Completely Anonymously with Binance Coins?
Yes, one of the main advantages when betting with Binance Coin is that it offers complete anonymity which means no one can see what transactions you make into and out of the site. This is thanks to its decentralised blockchain technology.
How Long do Binance Coin Withdrawals Take?
Generally, Binance Coin withdrawals are very quick, In many instances they are instant. However, there may be times when it takes around 30 minutes or so, depending on the BNB casino.
What Cryptos Should I Consider for Online Gambling?
As well as Binance Coin, there are several other cryptocurrencies excellent for gambling. The most popular include Bitcoin, Ethereum, Litecoin, Dogecoin and Ripple. All of these are becoming more widely accepted at online casinos around the world.
