Technology is quickly advancing, and things are going digital. The banking sector has not lagged either. Gone are the days when people would queue in banks to transact.
The introduction of mobile money wowed people. But not anymore, since electronic money has taken over the spot. As one of the electronic transfer means, cryptocurrency is quickly gaining popularity and preference.
Binance Bitcoin, popularly known as BNB, is among the most used cryptocurrencies. What’s more, many crypto casinos now accept BNB transactions.
What is Binance Bitcoin?
Binance Bitcoin is a cryptocurrency launched in 2017 by the Binance Company. At launch, the crypto recorded a sale of 100 million tokens. This sale covered over half of the total supply of Binance Bitcoins globally.
The value of the Binance bitcoin rises with a rise in mining. In 2020, the price of one Binance bitcoin was $17. But in June 2021, the prices shot up to $359 per Binance bitcoin.
Binance bitcoin is the primary coin in the Binance blockchain. Ideally, Binance coins gain value when in circulation. However, the company ensures that the supply of bitcoins is in control.
Regularly, Binance burns BNB to avoid market influx. Users are allowed to trade whole or smaller portions of the cryptocurrency.
BNB is held in Binance Visa cards that will enable you to transact in seconds. It is acceptable in most bitcoin casinos. Interestingly, you are not required to provide your card details. Gamblers enjoy fast and convenient anonymous transactions.
Further, you can use your Binance bitcoin to trade and earn profits. Discounts are earned on transfer fees when trading on the Binance exchange.
How to use Binance Coin in Gambling
Initially, Binance bitcoin was established exclusively for the Binance exchange program. But with time, Binance realized its coin would apply to casinos. Hence, BNB joined the online gambling arena.
Over time, several casinos began embracing BNB. Today, there are countless Bitcoin casinos in the market. Moreover, new crypto casinos keep sprouting up every year.
Using BNB in bitcoin casinos is straightforward. You don’t have to be an expert in bitcoin to use BNB. Follow the steps below to fund your bitcoin casino account.
Find a crypto casino and sign up
Identify your favorite crypto casino, create an account and log in to the casino site. Importantly, do your due diligence to settle on the best site for a seamless experience.
Visit the cashier page
Once logged in, head over to the casino’s cashier page. Here you will find a wallet address to send your BNB.
Log in to your Binance wallet
Next, log in to your online Binance wallet and open the deposit page.
Fill in the required details
On this page, you will be required to enter an address. Type in the bitcoin casino wallet address and input the BNB amount. You should double-check the address to ensure it is accurate.
Confirm the transaction
Confirm the details and approve your transaction. Within seconds, the coins should reflect on your casino account. However, a small affordable fee is applicable.
Best 3 BNB Casinos
Founded in 2017, True Flip is owned by Blockchain Games N.V. The casino operates mainly in cryptocurrencies. However, BNB is the most popular crypto here.
Besides cryptocurrency, True Flip also allows fiat currency. The casino supports seven different languages, including German and English. On top of BNB, you can use eight other cryptocurrencies.
True Flip holds licenses from Curacao and Cypress. For this reason, you can be sure of the safety of your money. Besides, the casino uses a 2-Factor Authentication feature for extra security.
When it comes to the games offered, you will be impressed. The casino sources its games from top providers. Hence, you will find your favorite slot titles here.
Duck Dice launched in 2016 with dice as the only game offered. Over time, the casino has advanced to incorporate other games. The site operates under a Curacao license.
Notably, Duck Dice allows players to transact via 20+ cryptocurrencies. However, gamblers prefer BNB, thanks to its great features.
Talking about the edge house, Duck Dice has a great offer. The casino’s edge is 1%, boosting the winning chances.
Duck Dice bonus offers are pretty amazing. Ranging from daily offers to jackpot packages, you will be amazed. The games catalog also features a great selection of famous releases.
BetFury is one of the best crypto casinos. The site went live in 2019 to offer a premium gaming experience. Today, it has amassed widespread popularity in the crypto gaming industry.
BetFury operates solely on cryptocurrencies. You cannot transact using fiat currencies here. The casino has featured over 20 cryptocurrencies, both big and small.
BNB is the most used transaction currency at BetFury. Perhaps players prefer it over other currencies because of its popularity.
Benefits of Using Binance Bitcoin at Casinos
Most popular crypto exchange
Binance is one of the largest online trading sites for cryptocurrencies. Indeed, the platform is the most popular globally. It is globally used and features a wide following.
Using Binance for online casino transactions assures your safety. Binance e-wallets utilize 2FA verification to keep intruders away. So you can be sure your money is in good hands.
Talking about convenience, Binance got it all. Customer satisfaction is a priority on this site. Hence, you can quickly deposit in casinos using the app.
The dedicated Binance app supports different mobile phone systems. Android users can download the app from the Google Playstore. iPhone users get it from the Apple app store.
Fast transactions and low fees
Binance requires you to make a trade before using BNB on casinos. However, trading on Binance exchange enjoys low transaction fees. This leaves you with more wagering funds.
The Binance Smart Chain processes BNB transactions. Compared to other cryptocurrencies, BNB charges are pretty low. For casino deposits, the fees could go as low as 0.02%.
Regular discount coupons
Binance features regular discounts for its customers. When using BNB at Bitcoin casinos, you receive a 25% discount on trading fees. Further, the margin trading fees will also attract discounts. The Binance referral scheme will also earn you a 40% commission.
Cons of using BNB at Casinos
Besides being a popular cryptocurrency, BNB has its flaws. The notable primary disadvantage is the instability of the currency. Unlike fiat currency, which has a specific value over time, crypto is different.
Over the past year, BNB value has dramatically increased. But the value could also shoot down at any time. Besides, Binance owns the most BNB tokens and could dictate the patterns.
Is It Safe to Play on BNB Casinos?
Binance casinos are overly safe. Most of these casinos utilize sophisticated software to ensure security. In addition, most of them have 2-step verification features.
Playing in an unlicensed casino is not safe. Regardless of the payment method used, always ensure that your casino has a reputable license.