Binance Coin (BNB) has quickly risen to become one of the most valuable cryptocurrencies after Bitcoin and Ethereum.
BNB is used primarily to pay transaction and trading fees on the Binance exchange but has become a well-sought-after token of its own.
We have found a couple of great BNB casino online gambling options here where you can play slots, live casino, table games and more – all with BNB.
Best BNB Casino Top List
Binance Casino Gambling Guide
What is Binance Coin?
What is Binance Coin?
Binance is the world’s largest cryptocurrency exchange on daily trading volume metrics. The Binance platform launched in 2017, and the exchange has grown into a fully-fledged network of its own.
Binance projects include the Binance Academy, Binance Chain, Binance Smart Chain, Trust Wallet and Research. These are all about revolutionizing finance through the power of blockchain technology.
The Binance token, the BNB coin is primarily a utility token used to pay trading and transaction fees on the Binance exchange. However, BNB holders can use the Binance Coin to make credit card payments (with the Binance Visa card), shop at a growing list of merchants, including HTC, process payments, make investments, donate the coin, and make loans and transfers.
Traders can also convert their dust (the tiny fraction of coins frequently left when trades are made) into BNB.
Changpeng Zhao and He Yi are the co-founders of Binance. BNB enjoyed a remarkable rise in value in 2021 and caught the attention of many institutional investors.
Naturally, it wasn’t going to be long before crypto casinos started to offer BNB payment options. Jump to the top of the page to see the latest Binance casinos.
What is Binance Coin worth?
The BNB coin jumped from under $40 at the start of 2021 to record highs of $675 in May 2021 – an incredible rise.
But the price has been volatile since, dropping below $300 a few months later and then rising again above $650 in November 2021.
As of January 2022, BNB fell below $350, mirroring the decline that most leading cryptos have experienced at the start of the new year. It’s now back up around the $400 mark.
BNB tokens have a market cap of over $60 billion in fiat currency, with billions in daily trading volumes.
Advantages of a Binance Coin Casino
Giant coin in the crypto world – as one of the biggest crypto tokens, it’s a more stable asset than many altcoins in existence. It’s a respected coin with growing users and significant price appreciation since launching. It benefits from its association with the successful Binance exchange.
Binance blockchain is growing – growth in the Binance Smart Chain blockchain has seen a rise in users involved in the Binance ecosystem. Naturally, this should translate into more BNB users. So it seems inevitable for the online casino industry that more crypto casinos will begin to accept Binance Coin in 2023.
Binance Coin transactions – BNB is much faster than other leading cryptocurrencies, making BNB cryptocurrency a great payment method for deposits and withdrawals. Transaction fees can be as low as 0.02%. Easily link your crypto wallet with the casino’s wallet for effortless BNB deposit actions for fast crypto gambling.
Be a pioneer – As more features like staking, leveraged tokens, and a decentralized crypto exchange get rolled out by Binance, there will be more use for BNB, including Binance gambling.
All your favourite games and hot bonus offering – The best Binance Coin casino will offer BNB gambling on slot machines, live casino, table game classics like roulette and blackjack, sports betting, and will offer a wide game choice from the planet’s biggest game providers. Like the best Bitcoin casino, Bitcoin Cash or Tether Casinos, you’ll find an amazing bonus selection, starting with a deposit bonus. Other crypto casino bonuses include cashback bonus, Free Spins bonus, live casino bonus, and much more!
Disadvantages of a Binance Coin Casino
Heavily centralized – reportedly, 80% of BNB is held by Binance itself, leaving the currency vulnerable to the whims of the primary holder.
A target for hackers – The Binance exchange holds billions of dollars of crypto assets and must continually fight off hackers attempting to steal coins. Another significant hack, like the Binance hack in 2019, could hurt the value of BNB.
Legal troubles – Binance has been in a cat-and-mouse game with regulators worldwide. It uses ‘regulatory arbitrage’ by claiming it has no permanent headquarters to try and avoid regulatory laws. Binance is under investigation or unable to conduct business in more than 10 countries across Europe and Asia. And like Ripple and XRP, BNB has found itself under the scrutiny of the US Securities and Exchange Commission. That could put more operators off becoming Binance Coin casinos.
Few Binance Coin casinos exist – as with some other altcoins featured at Gambling Crypt, it’s not easy to find reputable Binance casinos that accept BNB as a payment option. Don’t give up, though; we do have some great gambling site options for you! If you want some Bitcoin casinos, then check out the Bitcoin page.