BNB Coin casinos - Key takeaways
- A more stable online casino gaming option than other cryptos.
- Scalable and with a more predictable future.
- Offers faster transactions that incur lower fees than the rest of the market.
- Still facilitates the same level of privacy and security as other coins.
Introduction to Binance Coin (BNB) - A brief history
Binance Coin (BNB) was originally launched back in 2017 as a utility token for use on the Binance exchange. Its intended purpose was for it to be used solely on the Binance exchange, to pay for trading fees and other things on the site.
However, as it was a part of the Ethereum network, BNB holders started using it for other purposes and transactions. Binance then developed its own blockchain and ecosystem, of which BNB Coin is now a part.
Online casino operators took note of the coin’s popularity, and it is now becoming a more widely accepted deposit and withdrawal method on crypto betting sites in 2023. It has even been considered by some to be the third-best gambling cryptocurrency, behind Bitcoin and Ethereum.
Pros and Cons of Binance Coin casinos
Binance Coin Casinos: Pros & Cons
- Fast transactions for quicker deposits and withdrawals
- Lower fees that most other cryptos used for casino gambling
- Less volatile than other cryptos, which makes it a better gambling option
- The Binance brand has a strong reputation
- It is centralised to the Binance network, making it less secure than other cryptos
How to find the best BNB casino sites
Finding the best crypto casinos has never been easier thanks to the comparison tool that we have provided for you here at Strafe. As well as providing current and regularly updated rankings of all available operators, this comparison tool also contains detailed reviews.
As a result, not only can you look at all of the best BNB betting sites right now – you can also find the one that is right for you. When it comes to ranking and rating operators, we consider a number of factors, including the selection of games, the fairness of the casino and the value of the odds.
What advantages do BNB casinos offer?
Betting online with BNB provides you with all of the same benefits of using other types of crypto sports betting apps and websites. For instance, all of your transactions on the Binance blockchain are completely anonymous and cannot be traced back to you, affording you absolute privacy when gaming online.
Additionally, you also get access to all of the other cool perks, such as provably fair crypto gambling games that offer more competitive value. The only real setback is that BNB is centralised and therefore slightly less secure than other cryptos.
However, this is counterbalanced by the fact that BNB holds some advantages over using other cryptos for online gambling. The Binance blockchain has the capacity to process more transactions per second than most others, making it faster and cheaper than the likes of Bitcoin and Ethereum. Moreover, the centralisation ties it to Binance’s price on the stock exchange, making it more stable than a decentralised currency.
Our favorite BNB casinos
How to sign up and play BNB casino games
In order to start gambling on BNB and NFT casinos in 2023, you’re first going to have to open an account. The first step of this process is to use our reviews to find your ideal operator. Once you’ve done that, you can follow the steps below to open your account and begin playing within minutes:
1. Open a BNB casino account
When you land on the website of your chosen operator, locate the sign-up button, which will usually be somewhere near the top of the page. Create your username and password then enter the required information before submitting the form.
2. Verify your account with email
Once you have submitted your account registration form, you should receive a verification email straight away. This will contain a link that you can use to verify and open your account.
3. Fund your account with BNB
You can now make your first deposit in your account by selecting BNB from the list of options and making the payment using the address link or QR code. If you don’t already own BNB, you will need to open a wallet and then purchase some on the Binance exchange first.
That’s it - you're done. You can now start playing slots, live dealers and other exciting crypto casino games on your chosen website. If you are lucky enough to win, you will be able to withdraw funds in BNB quickly and at a low cost.
Future of Binance Coin casinos
Nothing in the future of the modern world is ever certain, not least with regard to cryptocurrencies. However, there are some very strong reasons to be optimistic with regard to Binance Coin’s role in the online casino and betting industry.
Its centralisation, while it brings some minor security issues, makes it more stable. For one thing, this encourages customer confidence among online casino players. On top of that, it gives BNB a better chance of being accepted by the mainstream quicker than decentralised cryptos, which are often still looked upon with scepticism by many in the global finance sector.
Strafe verdict on BNB Casino Sites
At the end of the day, BNB is a solid option for online casino gambling for a number of reasons. Above all else, it is faster and cheaper than many other cryptos, which is very important when it comes to deposits and withdrawals. Secondly, while its ties to the Binance exchange bring some downsides, this also gives it a more stable and predictable market price. Ultimately, this is better for the majority of casino players who don’t want to have to track a volatile crypto market while they play.
Our favorite online casino bonuses
Binance Coin Casino FAQ
🤔 Can you use BNB to gamble online?
Binance Coin (BNB) was first launched in 2017 and was only intended to be used to pay transaction fees and other charges on the Binance Exchange. However, it quickly became a more widely used cryptocurrency and continues to be so to this day. But can it be used for online gambling? We sent a team of our online casino experts to find out.
⏳ How long do BNB casino deposits & withdrawals take?
On the whole, BNB withdrawals and deposits are considered by many to be pretty fast. If you are looking to find more precise processing times and other details, then you can do so by consulting this BNB betting and casino guide here at Strafe.com.
🎰 How do BNB casinos work?
BNB online casinos are quite unique; however, at the end of the day, there are some consistencies across all online casino products. Full details of how to use a BNB online casino and what to expect have been explained for you by our experts in this article.
❓ Are BNB casinos legal?
To provide you with a full and detailed answer to this question, we are going to direct you toward this article and guide at Strafe.com. It has been written by online casino and crypto experts and reflects the current situation.
