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12.09.2022
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BNB sports betting
The online betting market does not stand still, trying to be on trend and fully meet the needs of bettors. Therefore, it should come as no surprise that many betting companies have begun to accept cryptocurrency – in particular, not only the popular bitcoin, but also other altcoins such as BNB. In this article we will tell you about the top betting sites that accept BNB, the advantages and disadvantages of this cryptocurrency and much more related to BNB sports betting.
Top BNB sports betting sites
We publish only trusted betting companies on our website. The rating criteria are formed on the basis of the following parameters:
- Availability of permits and licenses;
- History, customer reviews on the Internet – forums and social networks, reputation;
- Wide betting line, high odds;
- Functionality of the site, simple interface, usability;
- Payment methods, number of cryptocurrencies, instant transfers;
- Bonuses and promotions, loyalty programs;
- Choice of type of sports;
- Customer support service.
BNB betting
Binance coin (BNB) is a crypto currency one of the famous and largest cryptocurrency exchanges in the world – Binance. The main purpose of this cryptocurrency is the development of the platform of the same name and the use of BNB within it as a financial asset.
How Binance Coin appeared
Binance launched its ICO in July 2017. In just few minutes, the they managed to raise the amount – $15,000,000. After which the ICO was deemed a success. Around 200,000,000 BNB tokens were issued.
The difference from Bitcoin and other cryptocurrencies
The main difference between Binance coin and other cryptocurrencies is that it is a token that provides the ecosystem of a major exchange, which in turn provides ample opportunities for its use. For example, BNB tokens while the trading on the Binance exchange, allows you pay the commission for buying and selling cryptocurrencies, and get a discount on the amount of commission.
You can also stake the token and get passive income , you can participate in Launchpad, borrow and leave BNB tokens as collateral, and even possibly make donations to a charity fund.
As you can see, this token has a very wide application and is an integral part of the infrastructure of the Binance exchange, which indicates its high demand among the platform’s users and provides great potential for further development and distribution.
How to buy BNB coin?
The process of buying a BNB digital token is similar to the process of buying other cryptocurrencies.
The easiest way is to buy a token on a specialized cryptocurrency exchange. At the moment, the BNB currency is represented on the exchanges Binance, CoinBene, Bilaxy, HitBTC and others. A complete list of exchanges where the BNB digital currency is traded can be found on the Coinmarketcap website page.
How to deposit and withdraw BNB at betting sites?
Before making a deposit to a betting account with a bitcoin bookmaker, you need to create an electronic wallet. The process does not take much time, and does not require confirmation of personal data. After passing the verification procedure, you need to enter the personal account of the system and replenish the game account. To do this, you can choose a more convenient way from the proposed ones:
- cryptocurrency exchanges;
- bank cards;
- well-known payment systems;
- stationary terminals that accept cash.
To replenish your account with the digital currency BNB at a bookmaker, you need to go to your personal account and go to the payment section. Select the appropriate item and follow the prompts. Funds will be credited to your account instantly.
To carry out an operation to withdraw funds from a bookmaker to BNB, you need to transfer your Binance coin from the bookmaker to your personal wallet. In principle, everything happens in the same way as when replenishing. This process can take up to several hours, it all depends on the established rules of the bookmaker. For example, the 22 Bet bookmaker withdraws BNB within 15 minutes, no more.
Advantages and disadvantages BNB sports betting sites
Pros
Security. Bookmaker’s offices provide clients with security against hacking. With a cryptocurrency wallet, this does not happen, because payment transactions take place without intermediaries.
Speed of transfers. One of the most important pluses players noted the speed of transactions, which allows you to instantly withdraw BNB. It is known that bank transfers can take up to several days. Transactions with BNB are made instantly, if it is a large amount, the time will take a maximum of one hour.
Confidentiality of personal information. Betting on sports in cryptocurrency does not require proof of identity. Transactions with BNB provide complete anonymity.
Fast transactions (deposit/withdrawal). Transactions are conducted without any commissions, subscription fees and any restrictions on the use of the account.
Support for players. Qualified work of the support staff, which works around the clock.
Cons
- Floating rate. While the user is waiting for the calculation of the transaction, the value of the coins can decrease. But it can be the other way around.
- No cancelation of operation. For this reason, you need to carefully choose a bookmaker, so as not to get on a fraudulent one-day site.
FAQ BNB Sport betting
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What is the best bookmaker with BNB support?
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Is there any commission for depositing in BNB?
Bookmaker companies do not charge a commission for depositing in BNB. If the bookmaker does not open accounts in cryptocurrency, the player pays a commission for converting BNB into the account currency.
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Is it safe to use BNB in sports betting?
BNB is a safe method to bet at verified bookmakers with a license to operate.
Other guides:
- Ethereum betting sites
- Litecoin betting sites
- Ripple betting sites
- Tether betting sites
- Dogecoin betting sites
- Dash betting sites
- Solana betting sites
- Cardano betting sites
