Binance Coin Casinos – How to Use Binance Coin at Online Casinos

Binance Coin is a cryptocurrency issued by the Binance Exchange Platform and trades with a BNB symbol. This crypto coin runs on the Ethereum blockchain with standard ERC 20 and is limited to a maximum of 200 million BNB tokens. The Binance coin is actually made to boost the operation of the Binance exchange and its ecosystem. It supports multiple features such as trading fees, exchange fees, listing fees, and any other fees on the Binance exchange. 

The main Binance company was founded by Changpeng Zhao in 2017, who is a developer of high-frequency trading software as a starting point of his career. Because he is Chinese, the first Binance headquarters was in China, then moved to Japan before the Chinese government restricted cryptocurrency companies. Now, Binance is based in Malta, George Town, after moving from Japan and becoming a company with multiple headquarters around the world.

It’s worth mentioning that the Binance Coin was officially launched in July 2017 and its initial purpose was fee payment for all users on the Binance platform. After 4 years, in 2021, the Binance Coin hit huge growth, standing out as the 3rd highest market capitalization among all cryptocurrencies. Right after that, the company moved from the Ethereum network to BNB Smart Chain and changed the token’s name to Buld’N’Build. Today, the BNB coin is worth $439.95, with a current market cap of $61.9 billion. The 24-hour trading volume is over $3 billion which is one of the most popular cryptocurrencies among the crypto users.

Binance Coin Latest Updates

• August 2024: According to Binance Market Data, BNB has crossed the 490 USDT benchmark and is now trading at 490.600006 USDT, with a narrowed 0.47% increase in 24 hours.
• July 2024: The US court approves Binance to invest customer funds into the US treasury bills. The approval was signed and issued by Judge Amy Berman Jackson, who oversees the Binance case throughout the whole process.
• June 2024: BNB users get announced by Binance for a new token airdrop after joining the new program. The founder, Changpeng Zhao, controls over 60% of the token circulation supply, and he announced a new program for users to lock their tokens, known as Simple Earn.

Binance Coin online casinos offer a fast and safe deposit and withdrawal process which is available for all users. For all cryptocurrencies, you probably know that you should have a crypto wallet with crypto assets inside to use it for online gambling. So, to use Binance Coin in your chosen online casino, you have to make sure that the casino accepts BNB payments first. If everything is okay, the deposit process can start by opening the payment methods page in your online casino. 

From here, you should choose the Binance Coin as a preferred payment method and type the amount you want to deposit. Some casinos may ask you to identify your personal and financial information before the transaction is approved. After that, you will instantly get your deposit and you are ready to choose a game game to play. 

The withdrawal process is nearly the same, and Binance Coin should be your choice for withdrawing your lucky funds. Open your casino account and navigate to the cashier section. From the options, choose Binance Coin as a preferred payment method and type the amount you want to cash out from the account. After that, the withdrawal request will be sent to the casino’s financial department, and you should wait for approval. If everything is clear, you will get your winnings as BNB assets in your wallet, and you are free to use them instantly.

To make things clear, Binance Coin online casinos have different timeframes, transactional limits, and fees, and no payment method can influence politics. However, if we talk about the Binance Coin by itself, it offers a small commission fee that can vary depending on the amount you want to buy, store, trade, etc. In the following section, you can find more information about how Binance Coin casinos handle crypto transactions of this kind and how the process is going. Let’s go in-depth with this payment theme.

Fees

Nearly all online casinos, especially crypto casinos, offer free deposits and withdrawals. This means that players are not required to pay any fees for making transactions on the platform. This is the case with online casinos that accept Binance Coin transactions and everything is free of charge. Some fees may be included for inactive accounts for a longer period of time or for withdrawing cancellation, but it is outside of the BNB and impacts only the casino policies you have chosen.

If you decide to exchange the BNB cryptocurrency at Binance, you can face different fees, including the interest rate, the program liquidity, and deposit and withdrawal crypto fees. For example, if we look at the “Fees” section from the footer menu, the Binance Exchange Platform offers free deposits for all tokens, but there is a small withdrawal fee depending on the amount being withdrawn, and nothing is fixed.

Timeframes

As with any other crypto payment method, BNB offers fast and secure deposits and withdrawals in all online casinos that it is available. Players should feel free to make instant deposits and credit their casino account within a couple of seconds. The withdrawal process is also near instant, and you will get your lucky funds after the withdrawal request approval on your chosen online casino in the blink of an eye. Crypto payment methods also offer increased anonymity, high-security measures, and encrypted blockchain networks, so they are far better in comparison with traditional banking methods or direct bank transfers.

Deposit and Withdrawal Limits

Deposit and withdrawal limits at Binance Coin online casinos can differ depending on the casino, but all the casinos on our list offer reasonable and clearly defined limits. Typically, the minimum deposit you can make with BNB ranges from $10 to $30, with maximum deposits reaching up to $5,000. These limits are more than enough to qualify for welcome bonuses and other promotions available on your chosen platform.

When it comes to withdrawals, the situation is quite similar. The minimum amount you can withdraw using Binance Coin is usually between $10 and $30. The maximum withdrawal limit can go as high as $30,000, and in some cases, there may be no limit at all. However, keep in mind that some casinos have daily, weekly, or monthly withdrawal limits, so you will need to plan your cash-outs accordingly. If you are a VIP player, you might enjoy higher or even negotiable withdrawal limits as a perk of your special VIP status.

At CBM, our team conducted extensive research across the web to gather insights into the player experience with Binance Coin transactions on various online gambling platforms. The feedback has been positive, with players praising the speed and reliability of these crypto payments. Many users appreciate that crypto transactions are significantly faster than traditional banking methods, offer better transactional limits, and provide a level of anonymity unmatched by other payment options.

In addition to the smooth transaction process, players have expressed high satisfaction with the customer support teams in all Binance Coin casinos. They have been described as highly responsive and professional, consistently providing clear and effective solutions to any issues that arise. If you are looking for a fast and secure crypto-gambling experience, we highly recommend exploring the Binance Coin online casinos from our list. Not only to enjoy smooth and precise transactions but to also gain access to exclusive bonuses and promotions, along with some of the best casino games on the market.