Binance

You either understand cryptos, or you know nothing about them. Paying with something that doesn’t exist in a real-world puzzles many. We’re familiar with fiat currencies as we use them daily and know that the government regulates them. But, cryptocurrencies don’t have that one central authority that “runs the show.” Cryptos use blockchain technology, a digital ledger accessible to everyone. But why are cryptos so popular at online casinos?

It’s simple – fast and low-cost transactions. One more intriguing cryptocurrency available at online casinos is Binance or BNB. It offers both crypto exchange services and a native token, BNB. You can use Binance Coin for deposits and withdrawals at several casino sites. In this review, we’ll provide you with details on Binance, how to use it, is it safe, costly, or not. Keep reading.

What is Binance?

Binance is the world’s leading crypto exchange platform by daily trading volume, and it is also one of the fastest. The blockchain-based cryptocurrency exchange network was founded in 2017 by Changpeng Zhao. However, the company diversified by introducing BNB, Binance Coin. It also offers several other products, such as P2P (peer-to-peer) crypto trading, crypto loans, and crypto wallet.

BNB is a native cryptocurrency used in the Binance ecosystem. It was launched in 2017 during an Initial Coin Offering (ICO). The native crypto asset was initially an ERC-20 token used on the Ethereum blockchain. In 2019, Binance launched it’s own Chain with BNB as its proprietary coin. At first, the total amount of Binance Coins was 200 million. However, the company has regular coin burn events that gradually decrease the total supply. The aim is to have a maximum of 100 million BNB Coins. These quarterly coin burns should increase the value of the BNB.

BNB powers it’s ecosystem and can be used for currency exchange. The utility token allows clients to reduce exchange fees and join exclusive coin sales on Binance Launchpad. BNB also serves as a currency allowing you to settle transaction fees on BSC (Binance Smart Chain).

Finally, you can use this cryptocurrency to pay for other services, including travel expenses, entertainment services, and in-store transactions. In December 2021, Binance Coin was the 3rd-largest digital asset, after Bitcoin and Ethereum, with a market cap of around $97 billion.

Trust Wallet

To start using BNB for online casino gaming, you need to sign up with the platform. It offers its official crypto wallet, Trust Wallet. It enables you to store, send and receive your digital coins, including Binance Coin, Bitcoin, Ethereum, and many other cryptocurrencies. You can download the app from Google Play and App Store. The wallet allows you to safely trade cryptos with ease.

When you install the Trust Wallet, create a new wallet and get your BNB before visiting your favorite online casino. You can buy BNB and other cryptos with credit and debit cards. The wallet allows you to purchase cryptos for as little as $50.
It’s platform supports more than 60 fiat currencies you can use to buy crypto coins. You can select EUR, USD, GBP, CHF, AUD, CAD, INR, RUB, ZAR, CHY, THB, TRY, JPY, and BRL, to name but a few.