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Having in mind the popularity of cryptocurrencies across the online gambling industry today, you should not be surprised that Binance is one of the players' most preferred payment methods across online casinos that accept crypto. If you're a crypto player, you know that this is one of the world's top, most frequented, and used exchange platforms, allowing users to purchase and use all kinds of digital currencies. As such, it is an ideal method for all those players interested in making deposits and withdrawals across online casinos in cryptocurrencies, and one you should be familiar with in case you're such a player. So, continue reading to find out all about it, as that's what we'll be sharing with you in this article. What is Binance and why use it across online casinos that accept cryptocurrencies?

About Binance

Binance’s story began not so long ago, come to think of it, yet, in such a short time, it has become a story more than worth telling. In 2017, its two co-founders Chanpeng Zhao and Yi He, launched the crypto exchange platform with the aim to make it the leader on the scene. Zhao with his entrepreneurial experience and stellar record in startups, and He, in charge of branding, business, and marketing strategy, managed to grow the platform and make it the world's leading and most trusted blockchain ecosystem.

With years-long experience and understanding of digital currencies, the co-founders ensured to achieve the mission and in just 180 days made the platform the infrastructure provider for cryptocurrencies of the future, since the platform today is one of the largest crypto exchanges in the world, by trading volume. Its average daily volume goes over $65 billion, and millions of users from all over the world are trusting it, mainly due to the fact that it offers an unrivaled suite of financial products.

However, the solution received the recognition it deserves mainly due to the fact that it prioritizes user protection. With privacy controls and unmatched security measures embedded across the entire ecosystem, and unparalleled regulatory compliance standards, the solution has managed to get over170,000,000 users from all across the globe, trusting it on a daily basis to handle their assets and money in the safest way possible.

The co-founders and the team behind it made sure that no matter who you are and where you come from, you should have the freedom to give, spend, earn, hold, and share your money as it pleases you and that's why everyone, regardless of their background, can use its services. That's actually why the solution is trusted by so many. And that is the reason why it certainly deserves to be listed among the top payment methods across the online gambling industry, the industry that certainly believes cryptocurrency is a major advance and incredibly useful for operators and players alike.

You can rest assured that industry-leading online casinos that accept cryptocurrencies have all ensured to list it as an option for players to use to make their deposits and withdrawals in their favorite cryptos, as it supports a wide variety of coins. So, stay with us to learn how the getting started procedure goes, so that you are ready to start using it whenever you decide to.

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Getting Started with It

Given the fact that this platform was designed for crypto users and sees blockchain as the key in modernizing the infrastructure it has nothing to do with the standard banking system, so you should sit back and relax knowing that to get started with it, you won’t need a bank account. This is an alternative method, one that offers many services, so to start using it, you must create an account to use it, a Web3 Wallet account, to be more precise.

Once you visit its official website, to start the registration procedure, you’ll need to enter either your email address or mobile phone number. Then, you can choose to connect directly via your Apple Pay or Google Pay wallets or continue by entering some basic personal details manually. You can also download its app first and proceed with the registration there, so whichever works for you best, do it. The minute your account is ready, you are a proud registered user of the solution that enables you to sell and buy a variety of digital currencies like the first-ever crypto that continues to be a hot topic - Bitcoin, Ethereum or Tether, for instance.

But, to do that, naturally, you first need to top up your account with money. We mentioned that you can connect Apple Pay or Google Pay if you’re already using any of them, but debit and credit cards will always be your options. As soon as you link your selected payment method and verify your identity, you are ready to start using the solution. Using any mainstream fiat currency offered, you can start buying digital currencies. If your native currency is an option, you'll even go around exchange fees for foreign currencies!

Assuming you've gone through the steps we just described and successfully got started with it, follow our lead as in the next section we'll tell you exactly what to do with it to start making deposits and withdrawals across the finest online casinos that accept it.

How to Deposit at Online Casinos with Binance?

Binance is, as we mentioned earlier, a solution you will find offered across leading online casinos that offer cryptocurrencies. You will, without a doubt, find enough candidates to check out in your pursuit for the casino to join.

So, the first thing to do is make the decision on the site to join. Once you have that settled, register a player account with the casino. To fund that account using Binance, you will need to follow these steps:

  1. Access your player account and look for the Banking page.
  2. Find Binance’s logo on the list of accepted Deposit Methods.
  3. Copy the casino’s wallet address that appears in the pop-up.
  4. Log into your Web3Wallet account or access it via your app.
  5. Decide on the crypto you wish to use and the amount you wish transferred to your balance.
  6. Paste the casino’s address where needed and confirm.
  7. In real time, the coins will arrive in your balance.

How to Withdraw Winnings with It?

Since you’ll be using the Web3 Wallet account to make your deposit, it goes without saying that you can receive coins to that same account, hence make a withdrawal with the solution.

The procedure is basically exactly the same, only this time after you select the solution from the list of accepted Withdrawal methods and enter your wallet, you will need to press Receive. Then, you need to select the crypto and the amount you wish to receive and copy the QR code and token address to paste it into the designated field on the Banking page. Double-check whether the address you pasted is correct, to not risk losing your coins, as transactions with Binance are irreversible.

Fees and Limits

When transacting with this solution, you should know that there will be a basic transfer cost for each transaction. This is called the gas fee which basically covers the costs for the transaction to succeed.

You will see that it will be just a tiny fraction of the amount to be transferred, so it is barely noticeable. Operators won't add extra charges for deposits and withdrawals with it, so rest assured that the gas fee will be the only extra amount to pay.

Allowed Countries

Believe it or not, the solution is an option for users from all across the globe, anyone interested in crypto, that resides in one of the more than 180 countries it operates in.

Basically, chances are that you will be able to use it, regardless of your country of residence, but make sure you double-check this fact. If your country is not crypto-friendly, its services will probably not be available in your country, so bear that in mind.

Accepted Currencies

We mentioned briefly that the platform accepts all mainstream fiat currencies that you can use to purchase your digital currencies. And we also mentioned that if you’re lucky enough to have your native currency as an option, you’ll avoid the exchange fee.

Now, to mention a few options, you have the UK pound, the Indian rupee, the euro, the US dollar, and the Turkish lira. As far as the options to purchase, we mentioned the most popular cryptocurrencies, but rest assured that over 350 cryptos will be at your disposal, such as Binance Coin (BNB), XRP (Ripple), and Solana, for instance.

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FAQs

Who do I get in contact with in case my Binance transaction fails?

The platform offers Support around the clock, in 40 languages. Its professional Support team is at your assistance 24/7 to help out with anything. You can also explore its FAQs page by yourself, or simply press the Support button in the bottom right corner of the official website to be connected to an agent via Live Chat.

Will I be able to explore its official website in my native language?

If your native language is one of the many supported languages, then sure. Mainstream languages are options, such as German, English, Spanish, Italian, Portuguese, and Turkish, for instance, so with any luck, you can actually explore its official website in your native language.

Do I have an insight into the prices of the digital currencies I'm interested in buying on Binance?

Sure thing. This is a crypto exchange that offers a Cryptocurrency Directory page, where you can see the trading volumes, latest prices, market cap, and trending altcoins info. Just press on the coin you're interested in and you'll see its 24-hour trading volume and historical prices to make an informed decision on when it's the right time to buy.

Will I be able to use it for deposits and withdrawals via a desktop device?

Yes, indeed, you will. Even though there's an app for mobile devices, but you should know that there's a desktop app, too, downloadable on all devices, regardless of their operating system, Linux, Windows, or Mac OS. You don't need to download the app if you don't want to, though, and you can still use it on a desktop device via the web-based version.

What else can I do on Binance’s platform other than purchase/sell coins?

You can do so much more! If you're a crypto enthusiast, you'll be glad to learn that you can stake, loan, or trade NFTs, buy or earn new tokens on the Launchpad, earn interest on your crypto, buy and sell crypto, of course, via its P2P and trade hundreds of different coins on Spot, Margin and Futures markets. Explore all your options on its official website, though, as there are many others.