Binance
Crypto casinos had implemented decentralised assets to such an extent that transferring money at Binance casinos is easier than ever. The good news is that there are plenty of BNB online casino options out there if you’re keen to play with your favourite digital currencies. On this page, we cover everything you need to know about navigating Binance and getting started at online crypto casinos.
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Introduction
Binance is a one-stop shop in that it is both a crypto wallet and a centralised cryptocurrency exchange platform. Founded in 2017, today it is one of the biggest exchanges when it comes to trading volume. The platform was founded by a Chinese citizen, Changpeng Zhao in China, before moving to Japan as a result of regulation changes and finally settling at its current headquarters in Malta. Binance started off with only the most popular coins like Litecoin, Bitcoin and Ethereum but today you can trade in nearly 600 different crypto coins.
Binance is great for beginner crypto fans, offering an Academy where you go through tutorials and learn everything you need to know about the platform and trading crypto to get you started.
The company owns a stablecoin, too, called BUSD; owns it owns a cryptocurrency called Binance Coin (BNB) and offers a Binance credit card. So, if you’re keen to play at the best Binance casinos around, you’re covered.
Thanks to the steady flow of coins from ICO launches to altcoin listings, this platform makes sure users have early access to brand-new coins. You can also take part in trading competitions and score some earnings while creating liquidity in new coins. Trading fees on the platform are low, and they get cheaper if you use the Binance coin.
Binance manages to avoid security breaches with the help of its Decentralised Exchange (DEX). DEX runs its own blockchain and uses the BNB. As a result, the exchange doesn’t hold your information or funds. Rather, your funds are held in your own wallet.
How Binance Casinos Work
BNB online casinos operate the same way other online crypto casinos do, with most supporting more than just one type of cryptocurrency. However, the Binance coin can also be used as a way to fund your casino account, place wagers and withdraw your winnings.
You can purchase Binance coins directly from the exchange to play at online casinos, claim bonuses and play your favourite games.
It really depends on where you live and the legislation around cryptocurrencies and online gambling. There are regions where online crypto casinos are gaining popularity. The leading Binance casinos that we recommend offer safe and secure platforms thanks to measures like two-factor authentication and SSL encryption. They’re also fully licensed and regulated by reputable gambling authorities.
Setting Up An Account
To buy BNB coins and trade on the Binance exchange, you need to register an account. It’s as easy as entering your email address and then verifying your account.
Before you make a deposit or purchase cryptocurrencies, you’ll need to enter basic information like your address, full name and date of birth. You will then be asked to upload a government-issued photo ID along with a selfie for verification purposes. This is called Level 1 of the account verification process. The more levels you complete, the greater the rewards and functionality.
Complete the identity and address verification. For this, you’ll need to supply a utility bill not older than 3 months with your name and address on it. This is level 2 of the Binance account verification process.
Before you get started at online Binance casinos, you’ll need to purchase crypto. Once you’ve set up your Binance account, you can buy and sell a variety of cryptocurrencies, including BNB to use on your favourite Binance gambling platforms. To purchase crypto, you’ll need a debit or credit card. Or you can head to the Binance P2P exchange to trade with other users.
Availability and Limits
The Binance Coin often appears in the top five when it comes to cryptocurrency trades and transactions. There is a cap, though. Only 200 million BNB may be produced in its lifetime. Don’t despair, though. Binance often performs burns to keep the total in circulation well under that limit.
One exciting benefit of buying and trading Binance coins is that you can look forward to prize giveaways and bonuses. For example, when you make a trade on the crypto’s Futures markets, you stand to earn your share of a cash prize jackpot. You can also enjoy up to 25% off on fees when trading BNB online. What’s more, BNB miners can use the Binance Pool to claim earnings on a daily basis. So, playing at Binance casinos means you can look forward to benefits both on the casino’s side and from the trading platform.
Trading limits and the functions you can access in Binance all depend on the level of the account verification procedure you’ve completed:
If you want to increase your daily limit beyond $10,000, you’ll need to get in touch with Binance’s customer support team with your request.
One of the reasons Binance is such a popular trading platform and crypto wallet is its low fees. The exact trading fee varies depending on your VIP level, with higher levels enjoying lower fees. The platform also offers an extensive Peer to Peer payment network to help keep costs down.
Binance Fees
| Type of Transaction | Fee |
|---|---|
| Fiat currency deposits | Free |
| Withdrawals – flat fee | Depends on cryptocurrency. For example, 0.0005BTC |
| Credit card purchases | 2% |
| Trading fees | 0.1% |
| Friend referral | 20% discount |
| BNB in account | 25% discount on fees across the site |
Deposits and Withdrawals
Funding your account at Binance casinos and withdrawing your winnings is user-friendly, intuitive and simply, a pleasure. Keep in mind that you will incur a low trading fee on all transactions made using the Binance exchange – but this benefits you by leaving more cash to play your best online casino crypto games. Here’s how it works:
That’s all there is to it. Deposits are instant, while withdrawals can take a few minutes to process depending on the casino and the network. Remember different operators also have different requirements when it comes to minimum and maximum deposit and withdrawal amounts, along with wagering requirements.
Another benefit of playing at Binance casinos is that most platforms won’t charge additional fees for deposits. What’s more, players can look forward to free spins, welcome bonuses and other exciting crypto casino offers.
There are a few things to mention regarding Binance casino withdrawals. There are a few crypto casinos that charge low transaction fees for withdrawing your funds. Processing withdrawals can take up to 48 hours to complete.
Pros and Cons
Pros
Cons
Benefits of Binance Casinos
Binance offers players and crypto traders a new way to gamble online. There are also a few other benefits over traditional online casinos that serve to enhance the gaming experience and bring a range of new features.
Binance accepts multiple payment methods, which instantly adds to the accessibility of Binance casinos. You can make deposits and cash out in a few quick steps using your preferred payment method without the need for any high-tech knowledge. You can even do it all from your mobile device.
In general, the design of cryptocurrencies offers a lot of anonymity, and that includes the Binance coin. The details of your transactions to and from Binance casinos are not as transparent and traceable as with fiat, credit card or bank payments. To complete transfers, all you need is a crypto wallet address. Some casinos may ask you to complete an ID verification process for withdrawals, but this differs from one operator to the next.
As we’ve mentioned, the speed of transactions to and from Binance casinos and the exchange is a big plus. Deposits are typically instant, while winnings can be cashed out within minutes, or 48 hours waiting time at most.
Thanks to the growing acceptance of cryptocurrencies and online gambling, more and more countries are making gambling at Binance casinos legal. There are, of course, still plenty of countries where Binance coin gambling is restricted, but the rise of blockchain technology leaves the future hopeful for some countries. Just remember to check out your country’s legalities around online gambling and cryptocurrency before you play at Binance casinos.
It goes without saying that cryptocurrency transactions are more secure than regular fiat currencies. The elaborate blockchain network allows for reliable transfers with the safety of nodes. All the top online Binance casinos and wallets for BNB coins boast first-class safety features and measures to keep all your information cryptic and secure from potential threats.
In countries where Binance gambling is regulated and legal, the list of reputable crypto casinos is long. You can choose from the best online crypto casinos throughout the year without having to worry about currency and conversion issues or governmental compliance. Since the platform itself is backed by the Binance blockchain networks, there are no obstacles in terms of availability.
Tips for Binance Casino Players
| Tip | Explanation |
|---|---|
| Restricted Countries | Choose a site that accepts players from your country. You’ll find a list of restricted countries on a casino’s website. If your favourite site won’t accept you, you can always access it via a VPN. |
| Trust and Reputation | Only play at licensed online Binance casinos that have scored positive reviews from players. Look for sites that offer around-the-clock customer support. |
| Variety of Games | Opt for online Binance casinos that offer a variety of crypto games, including slots, poker, baccarat, roulette, blackjack and even Live Casino games. It’s also a plus if they offer free or demo mode options so you can try games before making an investment. |
| Payouts and Withdrawal Speeds | Some crypto casinos will process withdrawal requests immediately while others can take anywhere from a few minutes to a few days to process payouts. Withdrawal times also depend on verification procedures, which differ between operators. |
| Bonuses and Loyalty Programmes | The best Binance casinos will offer a variety of bonuses, including reload offers, welcome packages, match deposit bonuses, cashback and free spins. They’ll also offer regular rewards and perks for loyal and VIP players. |
| Provably Fair Games | You’ll find the same games and features on crypto sites as you would on traditional online casinos. They only team up with reputable software developers and use Random Number Generators and other measures to ensure fair gameplay, fair payouts and random outcomes. |
Conclusion
Are you ready to get started at the biggest and best online Binance casinos? Provided you play at licensed and secure crypto casinos, like those we recommend, and you have cryptocurrency on the Binance network, you’re good to go. With so many benefits and very few downfalls, it’s easy to see why more and more digital currency gamblers are turning to Binance for their online gambling transactions.
FAQ
Yes, the top Binance casinos that we recommend follow industry and market best practices for safe access. These sites are licensed by top authorities and provide a secure gambling platform.
Yes. The best Binance coin casinos offer a variety of bonuses and promotions, which you’ll find on each platform’s Promotions page. From free spins to bonus funds and special promotions, there are a lot of offers up for grabs – just remember to read each deal’s terms, conditions and wagering requirements.
Yes, Binance online casinos accept a variety of popular cryptocurrencies, including Ethereum, Bitcoin, Ripple, Litecoin and even fiat currencies.
Right here on this page. We’ve put together a list of licensed Binance casinos that we have vetted to make sure they’re safe, and licensed and offer a variety of games and promotions to suit different preferences.
Most likely, as cryptocurrencies are available to buy and sell across the world. All you need to do is open a Binance wallet account and purchase your crypto.
Yes, and it’s easy. Simply download the Binance crypto wallet app from the Google Play or App Store and use it to buy and sell BNB and any of the other hundreds of cryptocurrencies. You can then choose top mobile Binance casinos to play games on the go.
Binance charges an instant buy or sell fee up to a percentage of your total balance. There is a 25% discount up for grabs, though, if you use BNB to pay your fees. VIP customers at Binance casinos can reduce their fees further.
Definitely. The exchange uses two-factor authentication to protect transactions and keep fraudsters and hackers away.
Lindsay Cormick inspects all ins and outs of using cryptocurrencies at online casino, cryptowallets and exchanges depositing, and more.
