In this article, you can learn in detail what is binance pay – a cryptocurrency exchange service that also cooperates with many sites. Besides this basic information you can also learn about the history of this service, its advantages and disadvantages, how to create an account, casino bonuses, limits and a lot of different important information that you need to know before you start using this service.
More details can be found in our binance pay review.
Binance – cryptocurrency exchange was created in 2017 by Changpeng Zhao, who developed his system for quite a long time and far from in vain, as at the moment binance pay wallet is the most widespread and most popular platform with many types of cryptocurrency. More than that, Binance pay has a lot of customers from all over the world. First of all, the purpose of Binance was to facilitate and speed up the process of transferring and paying for various cryptocurrencies from both the website and mobile app of the exchange.
Binance pay has quite a few advantages, as it is the most common cryptocurrency exchange service at the moment.
The big advantage is the low commissions, which positively reflects on the profits of people whose business is related to this system. In addition, the account of each user has binance pay id – a unique number, which greatly facilitates the use of the system, for example, to send funds to someone you know. In general, this platform is responsible for the security of the data of its users, so this can also be noted as a big plus.
The minuses of using cryptocurrency are of course there and it is volatility. Take the same Binance Coin, the value of which can fluctuate, which does not guarantee stability and confidence that you have a certain amount of money.
|❤️ Online Сasinos with Binance pay||35+|
|Best online slot||Starburst slot|
|Big welcome casino bonus||300% + 150 FreeSpins|
|Most popular bonus offer||1st Deposit Bonus|
|⚖️ Gambling licenses||MGA, USA, Curacao|
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BNB, in other words Binance Coin, is, you could say, the most common token in the Binance service at the moment, which was created in 2017, just like the largest exchange Binance itself. But it should be noted that initially it had a different purpose, such as binance pay fees with bnb, only over time it began to be used as a full-fledged currency, which is currently considered the base currency on the Binance platform and one of the best cryptocurrencies in the world, the value of which is growing quite rapidly every year. It is also worth noting that BNB can be used for casino games without any problems.
Of course, like other cryptocurrency, Binance Coin is not stable, now its value is quite large, but no one knows how it will behave further.
Due to the fact that Binance Pay is the largest crypto exchange, which is used by a lot of people and companies, so , since not for nothing people choose this platform. Including, quite a few casinos provide their users to make and withdraw deposits using cryptocurrency. Thus, Binance Pay has quite small fees and quite fast transaction speed, if compared to other services.
In addition, for users of this platform are available various bonus coupons in online casinos, which can be obtained as for registration or making a deposit or in some other way.
To avoid falling for scammers, be sure to check the binance pay merchants list on the Binance website to make sure the merchant is safe.
To create your binance pay account and get a cryptocurrency wallet can every adult person. You can create both your personal account and corporate account.
If you already have an account, there are two ways to log in to your account:
An incredibly important stage is account verification, because without it you will not be able to perform any actions on the site. Therefore, immediately after registration it is desirable to pass verification, for this you need to provide the site with all the necessary information and documents.
|Aspect||Binance Pay||Other Cryptocurrencies|
|Transaction Speed ⏱️||Typically fast (within minutes) ⚡||Variable, depending on the cryptocurrency and network congestion. ⏳ Can range from a few minutes to several hours.|
|Transaction Fees||Varies, but generally low||Varies by cryptocurrency and network congestion. Some cryptocurrencies have high fees , while others are relatively low.|
|Anonymity ️♂️||Moderate level of anonymity||High level of anonymity ️. Transactions are pseudonymous ️.|
|Accessibility||Available on the Binance platform, which may have geographical restrictions||Available on various cryptocurrency exchanges and wallets worldwide .|
|Security||Binance has robust security measures in place||Security depends on the specific cryptocurrency and the wallet/exchange used ️. Some cryptocurrencies have more secure networks than others.|
|Exchange Rate Risk||Minimal exchange rate risk, as Binance Pay allows you to convert to your preferred cryptocurrency before withdrawal||Exchange rate risk is significant , as cryptocurrency prices are highly volatile. You may lose or gain value during the time of withdrawal.|
|Supported Cryptocurrencies||Limited to the cryptocurrencies supported by Binance Pay||A wide range of cryptocurrencies can be used for withdrawals , depending on the casino’s acceptance.|
|Casino Acceptance||Availability may be limited to casinos that support Binance Pay||Casinos that accept cryptocurrency payments are more widely available .|
|Verification Requirements||Binance may require identity verification for higher withdrawal limits||Typically, no personal information is required for cryptocurrency withdrawals ️♂️, providing higher privacy ️.|
|Regulatory Considerations||Subject to regional regulations on cryptocurrency use and gambling||Subject to regional regulations on cryptocurrency use and gambling . Be aware of legal restrictions in your location .|
In this section you can learn how to pay into binance UK.
In order to start playing at an online casino you first need to fund your account. To do this, first of all you need to binance sign in and in the “Cashier” section select the cryptocurrency you want to use from the list of available currencies. After that, copy the e-wallet address and, most importantly, get a confirmation of the transaction. Immediately after that you can start playing at the online casino.
Detailed instructions on how to binance pay out can be found directly on the site of the online casino in which you play. But usually, to withdraw funds to your wallet you need to again go to the “Cashier” section, select the desired cryptocurrency, enter your wallet number and the amount you want to withdraw.
Like every platform, Binance pay has its own limits and commissions. As we have already mentioned above, the commissions here are not just small, but zero, which is why many users use cryptocurrency rather than regular fiat money, where commissions can be huge.
It is also worth noting that on this platform users can get a 25% discount on commissions. How to get it can be found on the Binance website itself.
An important aspect is binance pay taxes, which UK users need to pay if they use Binance pay.
With limits the situation is the same, Binance users can transfer and withdraw large amounts of money to online casinos using cryptocurrency as there are no restrictions. Limits can only be in the very online casino you are playing at.
Pay with cash balance binance is possible, but with small fees, but it is worth noting that through some e-wallets you can deposit Binance balance without fees.
It is also worth noting that Binance Pay has another nice perk and that is bonuses. These bonuses are not available at every casino, but are only available to those online casino users who pay a deposit in cryptocurrency.
At Binance you can find binance pay qr code for even more bonuses.
It is also worth noting that there are some sort of bonuses available at online casinos in the UK for deposits that were made with Binance pay. In addition to this there is also binance sign up bonus UK.
In general, Binance has gained quite a lot of popularity in the gambling industry, so many casinos do not miss the opportunity to pay cryptocurrency on their platform. This way an online casino user can have access to all games using binance payment. Some of the most popular games that can be paid with binance pay include the following: slots, blackjack, roulette and many other types of casino games.
Some of the alternatives to Binance include the following platforms: 888casino, Bet365, William Hill, Bitstarz Casino, eToro, and Coinbase.
It is also important to note that before playing at any online casino, you should check the availability of a license, encryption systems and other important security aspects. In addition, it is necessary to familiarize yourself with the terms and conditions, as we have already mentioned above, in the UK there are some restrictions on online casinos that accept cryptocurrency.
Read about other popular payment methods
As a result, our experts made such a summary that in general, Binance Pay is a good platform, which, most importantly, is safe for users. A huge advantage of this system is the low limits and zero commissions when paying with cryptocurrency. In addition, for users who pay for casino games with Binance pay can get interesting bonuses.