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BNB, or Binance Coin, is the cryptocurrency coin used to make transactions and trade using the Binance cryptocurrency exchange platform. This coin is an excellent choice for users who want to invest or make payments in a significant cryptocurrency other than Bitcoin or Ethereum.
- How To Deposit with BNB in Online Casinos?
- How to Withdraw with BNB at Casinos Online?
- Withdrawal Pending Time
- BNB Casino Payments Apps
- BNB Pros and Cons
- Why Use BNB in Online Casinos?
- How To Buy BNB?
- Can I Use BNB Anonymously at Crypto Casinos?
- How Fast Are BNB Payments at Online Casinos?
- BNB Casino Rewards
- Which is the best BNB casino in 2024?
- How We Rate the Best BNB Casinos
- Frequently Asked Questions
- Conclusion
The top Binance Coin casinos are the ones that make proper use of the crypto coin’s abilities in processing payments and transactions. Are you a crypto-gambling enthusiast? Would you like to learn how Binance Coin works in online casinos? Then keep reading because, in this article, you will find out about everything you need to know about BNB and get answers to some of the most common questions gamers have about it, such as:
- Can I Pay with Binance Coin at Casinos Online?
- Should I Make Transactions with BNB at Crypto Casinos?
- Is BNB a Safe Cryptocurrency?
- How Do I Use Binance Coin at Crypto Casinos?
How To Deposit with BNB in Online Casinos?
Crypto gamblers use BNB as their preferred method of making deposits because of its speed and accessibility. BNB is available 365 days and 24/7, and the deposits are swift and easy. To make deposits, players need to follow these simple steps:
- Open the casino’s webpage, log in, and locate the banking page or cashier section.
- Click on the “Deposit” section.
- Select your preferred payment option or cryptocurrency from the list of options given.
- Enter the deposit amount you want and fill in any other required information.
- The casino will provide a QR code to scan or a cryptocurrency address to copy to complete the transaction.
- Once the transaction has been completed, processed, and confirmed on the blockchain, the funds should be ready in your casino account within minutes.
How to Withdraw with BNB at Casinos Online?
The casino withdrawal method varies depending on the online casino that players are playing with, but in general, to withdraw BNB, all players need to do is:
- From your dashboard, navigate to your profile.
- Open “Wallet” and then select “Withdrawals.”
- Choose your preferred withdrawal method from the list.
- Copy and paste your unique cryptocurrency wallet address.
- Input the desired withdrawal amount and press the “Withdrawal” button.
- Confirm your request for a withdrawal. If a pop-up window appears, select “Accept.”
- Payment requests will be processed in accordance with the processing time of the withdrawal method.
Withdrawal Pending Time
On crypto exchange platforms, the withdrawal time of a particular cryptocurrency varies. While some of the transactions are immediate, they may take time for others. The exchange platform’s infrastructure determines this. Usually, after each withdrawal request, a confirmation email should be issued, and the cryptocurrency exchange should then begin processing the user’s request. For instance, a typical Binance withdrawal takes 30 to 60 minutes to process, but the transaction may take longer than expected, depending on how many network confirmations are required.
While some blockchains require multiple network confirmations, others do not. Nevertheless, when BNB is transacted on the Binance Smart Chain, it will only take several minutes before it gathers sufficient confirmation. After a withdrawal has been completed, Binance will issue a Transaction ID (TxID) proving that they published the withdrawal transaction.
Withdrawing funds from a casino usually depends on the methods in which the player has decided to use, so relative to that, the withdrawal time may vary.
BNB Casino Payments Apps
| App | Standard Network Fees |
| Binance Pay | Zero fees |
| CoinsPaid | Less than 1% fee |
| Metamask | 0.875% fee |
BNB Pros and Cons
| Pros | Cons |
| Fast and secure transactions. It is one of the best crypto utility tokens. | Many crypto casinos do not accept BNB payments yet. |
Why Use BNB in Online Casinos?
Binance created the Binance Coin, or BNB, in 2017 to facilitate payments on the Ethereum blockchain with the ERC-20 token. It soon gathered enough momentum to become the native currency on the Binance-owned blockchain, the Binance Smart Chain. The Binance exchange trades under the sign BNB, and the coin is limited to 200 million BNB tokens worldwide. It is a no-brainer that many online casinos have incorporated the BNB coin as a part of their payment methods, but some of the reasons for that include the following:
Discounted Transaction Fees on the Binance Exchange
Binance is currently one of the most popular cryptocurrency exchange platforms worldwide, and it offers its users a discount for using BNB to pay for transactions on it. These discounts are great as most online casino players can choose BNB as their preferred payment method and get charged way less than it would cost using another payment option.
Accessibility
BNB is a coin that is widely available to anyone, as thousands of online businesses and casino operators across the globe accept it. Merchants can accept BNB as payment from customers, providing a more excellent choice in payment options and, as a result, smoother business operations.
Investments
When online casino players cash out and withdraw their funds, they can use BNB on the Binance market to properly invest in stocks and other assets. Doing this maximizes the amount of profit players can get from their winnings. BNB can also be used for trading for other cryptocurrencies on various exchange platforms, depending on the restrictions imposed by these exchange platforms.
Security
Binance, one of the world’s largest cryptocurrencies, ensures that all Binance transactions are encrypted and protected by two-factor authentication. This adds an extra security layer to the user’s data and funds. So players of online BNB casinos can be assured that their money and information are in great hands.
Seamless Transactions
Because BNB is the native currency on the Binance networks blockchain, the Binance Smart Chain, transactions are processed and confirmed swiftly and seamlessly. As a result, players can play provably fair games, and transactions are faster because no middlemen, such as banks or credit card providers, are involved. BNB supports a variety of utilities on the Binance exchange, including trading fees, exchange fees, listing fees, and any other expenses. Binance currencies have received backing from various partnerships, aiding their popularity.
How To Buy BNB?
Users can buy BNB directly from Binance.
Binance offers users a wide range of payment options, including bank transfers and credit or debit cards. There’s a payment method suitable for everyone on Binance. All they need to do to buy BNB is follow these simple steps.
- Register for a Binance account. You can do this by downloading the Binance app or registering with your email or mobile number on the Binance website.
- After registering, you will need to verify your identification. This verification is essential to prove and confirm that the user is not a robot.
- Once you have verified your identity, click on the “Buy Crypto” button and choose your preferred payment to make the purchase.
- Click “Deposit.” Here, you can select whether to make a FIAT deposit or deposit cryptocurrencies from another wallet.
To make crypto deposits at online casinos with BNB:
- Select the cryptocurrency you want to need. Here, you will choose BNB.
- Select the network to be used and accept the conditions for using the network.
- Copy the wallet address or scan the QR code of the wallet to complete the transaction. Keep in mind that each network has its own set of network confirmations ranging from 1 to 15 before the deposit is completed.
To deposit in FIAT currencies:
- Select the deposit FIAT currency from the list and then select the payment method to be used.
- Enter the amount you want to buy. After, you will see the BNB equivalent of the amount.
- Enter your payment details and billing information.
- Your cryptocurrency will be transferred to your Binance wallet immediately after your transaction has been confirmed.
Users can also buy BNB from third-party payment channels such as Bifinity, Truelayer, Inswitch, or GEO Pay. Another way is to purchase BNB from other traders directly, i.e., peer-to-peer (P2P) trading. After purchasing BNB, users can decide to immediately trade their cryptocurrency or store it in their crypto wallets.
Can I Use BNB Anonymously at Crypto Casinos?
Yes, players can use the BNB in online casinos anonymously because all transactions on the blockchain are anonymous.
Another reason more gamblers choose cryptocurrency payments over FIAT cash is that crypto payments provide gamers with anonymity. BNB is an excellent cryptocurrency to play with at online casinos. Although some online casinos require player registration and information to make cryptocurrency payments, users should be assured that these casinos secure and protect the players’ data, including the anonymity of their transactions.
Although the transactions are recorded on the blockchain, linking a specific transaction to a particular person is impossible, making it anonymous. Online gamblers value anonymity since they are not compelled to divulge specific facts about their identities while trading.
How Fast Are BNB Payments at Online Casinos?
BNB payments in online casinos are processed instantly, and players can get access to their funds quickly.
Because of cryptocurrency payment options’ speed, most online casino players have recently decided to switch to them. Crypto payments have shorter processing times than e-wallets, bank transfers, and credit or debit cards, and the processes are simpler for users to complete.
Using a cryptocurrency payment like BNB, particularly on the Binance Smart Chain, ensures that players are guaranteed payments that are rapid and, in most cases, nearly instantaneous, providing instant deposits to their casino accounts. However, because cryptocurrency transactions are registered on the blockchain network, transaction speed is determined by the number of confirmations received on the blockchain and the rate with which these transactions are confirmed. Yet, with a crypto network like Binance, the transaction procedure should take only a few minutes.
BNB Casino Rewards
There are numerous online casinos that accept BNB payments. But we will examine how BNB works in this top online casino – Katsubet casino. But we will examine how BNB works in this top online casino – Katsubet casino.
Katsubet Casino
This casino is owned and operated by Dama N.V. under the laws of Curacao. It has an extensive gaming library with over 7,000 casino titles spanning pokies, table games, live dealer games, and jackpots.
Welcome Bonus
Katsubet casino’s welcome package consists of four deposit bonuses. The first deposit bonus does not require a bonus code, but the other three do. To get any deposit bonus, players need to pay a minimum deposit amount of 0.1 BNB. After that, players are required to wager the money with the stipulated wagering requirements.
Reload Bonus
This BNB casino offers players a reload bonus every Monday and Wednesday. On Thursdays, loot boxes are available for players to win, and during the weekends, all players have a special weekend bonus. These promotions are more than adequate to keep gamers interested.
Free Spins
One hundred free spins are available with Katsubet casino’s first deposit welcome bonuses after payment of the minimum deposit amount and completing the wagering requirements. Once that happens, they can access the free spins to the corresponding pokies.
Which is the best BNB casino in 2024?
How We Rate the Best BNB Casinos
For our casino rating I’ve implemented a 9-point evaluation system that allows our team to rate the best BNB casinos, picking only the best and trusted brands for our recommendations:
- Casino Security.
- Payout Process.
- Cryptocurrency Acceptance.
- KYC and Anonymous Gambling.
- Software Providers.
- Game Selection.
- Bonus Programs.
- Casino VIP Program
I wholeheartedly invite you to explore my 9-point evaluation system on this page.
Frequently Asked Questions
The best online casinos accepting BNB include those listed above and more. we constantly update the rating with the top online casinos, and you can check the updated list of BNB casinos in the table above.
Are BNB Payments Safe?
Yes, BNB is owned by one of the leading cryptocurrency exchange systems Binance, which affirms its safety and security. Based on this, we can confirm that BNB is a secure coin for transactions. Binance also ensures safe transactions in Peer-to-Peer (P2P) trading, protecting users by using a crypto escrow service. This ensures that both parties in a P2P are paid in full and protected from malicious individuals.
What Happened to BNB in 2024?
In 2022, FTX, a large cryptocurrency trading platform, experienced a liquidity crisis and desperately sought bailout funding. Binance proposed to buy some of the competitor company’s stock but backed out at the last minute. This resulted in FTX going bankrupt and collapsing. As a result, several Binance users withdrew their funds for fear of Binance also collapsing. Because FTX was a major corporation, many investors were concerned about the safety of their funds in exchanges such as Binance. But, in 2023, things have improved for Binance following the FTX catastrophe, and price forecasts show that it has a bright future for the rest of the year.
What Are the Minimum and Maximum Deposits at Casinos with Binance Coin?
The minimum and maximum BNB payment limits are dependent on the directions of the online casino it is used in.
What Are the Maximum and Minimum Withdrawal Limits at Casinos with BNB?
The minimum amount of BNB required to be withdrawn from Binance is usually 0.02 BNB. However, for online casinos, the minimum and maximum BNB withdrawal limits are generally determined by the online casino with which it is used.
What Is the Average Transaction Time Using BNB?
When sent through Binance Exchange or Trust Wallet, a BNB transfer will take approximately five minutes to complete. While we know that cryptocurrency transactions need to be confirmed on the blockchain to be valid, it makes the transaction swifter when BNB is processed on the Binance Smart Chain.
If the BNB tokens are sent from an external wallet, the time required may increase to roughly 10-12 minutes. In short, as compared to other prominent crypto exchanges or wallets, Binance products transmit BNB tokens faster.
Which Is Better, Skrill or BNB Payments?
Skrill, a popular payment processor, has its uses. It is used to make transactions in the same way that cryptocurrency is, but crypto payments, such as BNB, have the advantage because they can be used to make payments regardless of where you are in the world without restriction. In our opinion, users can also use BNB to buy and trade in other cryptocurrencies and make external investments, thus making it superior.
Which Is Better, BNB Payments or Neteller?
Neteller is a digital wallet that users use to complete online transactions, whereas BNB payments are processed on the blockchain. Transactions made on the blockchain are direct, making it quick and effortless compared to the long waiting time on e-wallets.
Which Is Better, BNB or Credit Cards?
BNB transactions are swifter because they do not have to deal with the interference of banks or credit card companies, thus making BNB payments a superior option for simple transactions, compared to using credit cards which have a longer processing time.
Which Is Better, Paysafecard or BNB?
While it is also used to make transactions, Paysafecard is very different from cryptocurrency payments. Because it is a prepaid card voucher that gamers can use to perform digital transactions, its functions differ from those of BNB payments.
Which Is Better, Paypal or BNB?
PayPal is an e-wallet that requires users to input their real names and information before using it. Then, this information is shared anytime the user makes a transaction using the system. This is not the same for cryptocurrency payments. Cryptocurrency transactions are made with a unique link or QR code on the blockchain, keeping users’ identities more private than e-wallets. This is why a lot of online casino gamers gravitate to cryptocurrencies such as BNB.
Is It Safe to Pay at Online Casinos with BNB?
As more online casinos are now switching to cryptocurrencies, BNB is being rapidly recognized thanks to the popularity of the Binance Exchange. Gaming in Binance coin casinos removes most of the hacking risks and allows users to play their favorite games without fear. The Binance exchange lets its members store their coins in some of the best crypto wallets and encrypts and protects them with two-factor authentication. Therefore, Binance offers online casinos a completely safe environment for gamers.
What Are the Advantages of Using BNB at Casinos?
BNB has many advantages. It incentivizes Binance users with reduced Trading Fees to pay their fees with it and hold other potentials for future rewards. BNB’s market cap is steadily increasing, attracting many more users as its price is growing substantially and its value constantly increases. So when gamers play with BNB in online casinos, the value of their winning has the chance of exponentially growing. Binance Coin is also cheaper than Ethereum, so it is cost-effective for good quality. These features especially draw in high-roller gambling enthusiasts looking for a beneficial experience.
What Are the Disadvantages of Using BNB at Casinos?
While BNB has several advantages for its users, there are still some downsides. For example, because BNB was created as a native coin to the Binance exchange and currently serves as fuel for the Binance Smart Chain, most of the coins belong to the Exchange, making it highly centralized. As a result, many organizations, including online casinos, find it challenging to utilize it properly.
Will I Qualify for Online Casino Bonuses Using BNB?
Players can use BNB to make transactions as long as the online casino permits BNB payments and they deposit the minimum deposit amount required for the casino bonus.
Do I Need to Pay an Extra Fee When Using BNB Payments?
Before using BNB, users must take note of the additional fees that come with it. Users might encounter additional fees: Trading Fees, which amount to 0.1%, and Withdrawal Fees, which cost 0.11 BNB.
Conclusion
Nowadays, even more, traditional online casinos are diversifying their game selections to accept cryptocurrencies. This is because online casino operators have discovered that gamers are playing in other online casinos using BNB because of the benefits they see with cryptocurrency’s continual growth. For crypto-gambling enthusiasts who have been considering playing with BNB in online casinos or want to determine the best cryptocurrency payment platform for a smooth gaming experience, Binance Coin will be an excellent choice for them.
“We take our legal obligations very seriously and engage with regulators and law enforcement in a collaborative fashion. We have worked hard to build a robust compliance program that incorporates anti-money laundering principles and tools used by financial institutions to detect and address suspicious activity.”
Jessica Jung,
Comms Chief of Staff,
Binance.