Best Binance Coin Sports Betting Sites

The sites presented have been reviewed by

Reviewer face
Reviewer face
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Viktor T., Kathleen M., Zachary R., Nicholas W.
Accepted currencies
Binance Coin, Bitcoin, Litecoin, Bitcoin Cash, Dogecoin, Tether, Ethereum, Dash, Monero
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Available in
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This site contains affiliate links. If you click on one, we may earn a commission.

Intro

Welcome to our exclusive guide outlining the best Binance Coin betting sites available in 2022.

The extraordinary number of betting sites available makes it hard for players to determine the right sites for their needs, which is where our information comes in handy.

Nonetheless, we know you probably want to quickly find out about the top Binance Coin betting sites for 2022.

Let’s get right into it with our list:

Best Sites

1.

BetOnline

Sports Rating 8.70
Available in
Available in United States
8.70
Bonus: 
50% Welcome Bonus up to $1,000
Description: 

BetOnline is an online casino with higher than average betting limits. It offers sports betting, poker, casino, esports, and lots of bonuses throughout the year.

General Information

Year founded: 
2004
Cryptocurrencies: 
Binance Coin
Ethereum
Litecoin
Bitcoin Cash
XRP
Stellar
Cardano
Tether
USD Coin
Dogecoin
Solana
APEcoin
Avalanche
Bitcoin
Chainlink
Polygon
SHIBA INU
Languages: 
English
Licence(s): 
Panama Gaming Commission

Anonymity

BetOnline does not offer anonymity. You must provide your country, postal code and phone number just to open an account. 

Reputation

BetOnline has a fair reputation depending on who you ask. They offer a wide variety of betting options but there are also many complaints against them.

Play on BetOnline
2.

Stake

Sports Rating 9.48
Not Available in
Not Available in United States
9.48
Bonus: 
Exclusive 10% Lifetime Rakeback using code MANIAKS
Description: 

Stake is a popular option for betting crypto on sports and casino games for many reasons, including their neat user interface, and the variety of sports/games they offer.
While they do not offer a welcome bonus, they are one of the best crypto gambling sites around in terms of VIP perks, cashback, and bonuses.

General Information

Anonymity

Stake doesn't require much information when registering. To complete your first deposit, you will be required to complete KYC level 1, which means you will have to share basic information such as name, DOB and residential address. This information can be changed later down the route.

Like most of its competitors, for regulatory reasons, Stake reserves the right to ask for further KYC documentation to confirm your identity and location. However, Stake is known to be privacy-friendly, and most players won't ever need to complete this step.

Reputation

Stake offers and recommends activating 2FA (2-factor Authentication), which continues to establish itself as the new normal for a secure log-in method.

Pros and Cons

Not Available in United States
3.

Cloudbet

Sports Rating 9.25
Not Available in
Not Available in United States
9.25
Bonus: 
100% Welcome Bonus up to 5BTC
Description: 

Cloudbet is a sports-focused gambling site that also offers casino games. The site offers a wide selection of games and sports to bet on. 

General Information

Anonymity

Cloudbet offers anonymous play. The site is also very secure with SSL and two-factor authentication.

Reputation

Cloudbet has received some complaints about slow payouts and poor service. Most of the complaints they have received were quickly resolved. 

Pros and Cons

Not Available in United States
4.

Thunderpick

Sports Rating 8.91
Not Available in
Not Available in United States
8.91
Bonus: 
100% up to 200 EUR
Description: 

Thunderpick is a very robust casino and sportsbook offering end-to-end crypto gambling. This review details everything you need to know about Thunderpick. 

General Information

Anonymity

Thunderpick does allow you to generate anonymous accounts. They only require you to sign up with an email and verify your age as being over 18 years old. You also have the option of signing up with your Google, Twitch, or Steam account.

Reputation

The background of the management company, Paloma Media B.V., is unclear but there were also no credible complaints of the platform. This is often more important in online gambling than knowing the background of the management. 

Pros and Cons

Not Available in United States
5.

BC.Game

Sports Rating 8.62
Not Available in
Not Available in United States
8.62
Bonus: 
Various promotions available; see site for details.
Description: 

BC.Game is an exceptionally designed casino with awesome promotions and 50 cryptocurrencies to deposit! From a chance to win 1 Bitcoin to a VIP system with exotic vacations, there’s always a promotion to play for!

General Information

Anonymity

You can remain anonymous to create an account and deposit crypto, but BC.Game may require KYC when you withdraw your funds.

Reputation

BC.Game has a stellar reputation, with few complaints received. With a license from Malta Gaming Authority and many ways to contact the company, your crypto will be safe with them.

Pros and Cons

Not Available in United States

Why Is Betting with BNB on Sports Betting Sites Better?

You’ve probably heard some hype about sports betting sites accepting Binance Coin and want to know if they are worth your while.

After all, the whole crypto market remains a mystery to many people despite being exposed to a relatively large audience.

In our experience, most people who play with Binance Coin on betting sites have no interest in returning to fiat websites.

Once you read the reasons for their change of heart, it becomes easy to understand why.

Fiat currency is losing value each year

Fiat currency is a form of legal tender propped up by the government that issues it.

Its value is determined by various factors, including interest rates, money supply, and economic supply and demand.

Apart from the American Dollar, the Yen, Euro, and Swiss franc are internationally recognized fiat currencies.

One of the major risks of any fiat currency is hyperinflation, a scenario where its purchasing power decreases.

When the Federal Bank of St. Louis took a close look at inflation recently, it discovered something concerning.

In 1983, the bank placed the U.S. Dollar’s value at 100; fast forward to 2021, and this number had plummeted to 37.

In layman’s terms, the dollar’s purchasing power is just 37% of what it was in 1983

Even worse, wages haven’t risen anywhere near as quickly in the intervening period.

Remarkably, the average annual wage raise has been less than 1% since 1979, a long way below the inflation level.

Therefore, fiat currency is literally making us all poorer!

Why is fiat still around?

Fiat currencies ensure governments retain control of their respective economies.

Banks generally decide the ‘who,’ ‘how,’ and ‘why’ of fiat currency.

We now know that only an elite few will ever benefit from fiat, so it is surely time to switch to Binance Coin and get away from a currency that’s only dragging us down.

Cryptocurrency supporters will tell you that digital coins help protect your money from inflation, thus ensuring your purchasing power isn’t negatively affected.

Anonymity

Depositing money on sports betting websites is often a real pain.

Realistically, you can’t use your debit/credit card or deposit via a bank transfer.

Why? Because banks don’t like ‘gamblers’ and make life extremely hard for anyone who uses a betting website.

Suppose a sports betting site deposit appears on your bank statement; you’ve all but guaranteed you’ll never receive approval for a loan.

We know of many punters who were refused a mortgage simply for using such sites.

This scenario will occur even if you rarely wager.

Things are very different with Binance Coin because the bank will never know.

Crypto is decentralized, meaning you can use it to make transactions without requiring an intermediary.

Essentially, you get to deposit BNB on betting websites incognito.

This process gives you control of your money with no evidence of what you use it for, which is one of the main reasons why crypto exists.

The value of cryptocurrency could rise significantly

Historically, BNB is subject to substantial peaks and dips, and its trajectory is often unpredictable.

However, it seems apparent that crypto has immense growth potential in the long term.

Realistically, the trillion-dollar market cap that the cryptocurrency market reached is only the beginning of its journey.

According to Forbes magazine, the world’s wealth was $431 trillion in 2021, giving Binance Coin plenty of room to grow.

In contrast, the real-world value of fiat currency continues to fall, and the only way is down.

Therefore, when you use Binance Coin on betting sites, the money in your account could increase even if you rarely use the site.

Financial independence

Binance Coin doesn’t just offer better growth potential than fiat; it also enables you to take control of your money.

Once you cast aside the yolk of the traditional banking system, you’ll discover a huge array of options.

Crypto is widely adopted

When the cryptocurrency market was developing, most people knew about Bitcoin and nothing else.

These days, there are thousands of digital assets, many of them becoming relatively well-known to the general public.

Now that crypto is firmly in the mainstream, people realize its versatility and know it has many uses outside of online betting.

Although most countries don’t consider cryptocurrency legal tender, a significant number allow its use.

However, in September 2021, El Salvador broke the mold by officially declaring Bitcoin as legal tender.

Realistically, other nations will follow, with Paraguay and Panama likely candidates.

The crypto shield

Binance Coin enables you to make transactions on sports betting sites freely.

Alas, those who attempt to use fiat on sports betting websites find that it’s far from smooth sailing.

In the UK, for example, a new regulation in April 2020 caused havoc for many people who didn’t know about it.

Certain individuals made initial deposits on betting companies with credit cards, but to their horror, they discovered that the bank froze their accounts.

To make matters worse, financial institutions took a long time to unfreeze certain customer accounts.

At this point, banks threatened customers with further action if they tried to make any further deposits of that nature.

Assuming the sports betting site that accepts Binance Coin you use has a good reputation, using Binance Coin ensures your steer clear of the stressful situation outlined above.

Avoid geo-restrictions

In certain countries, it is illegal to place any kind of bet.

If you happen to live in such a location, you can forget about playing on a regular betting site.

This is primarily because fiat makes it easy for the authorities to uncover your illegal actions.

In contrast, it is possible to avoid scrutiny by registering on BNB sports betting sites once you invest in a high-quality VPN (Virtual Private Network).

VPNs create a private network connection, ensuring users can browse online privately.

When you use BNB on betting sites, you also enjoy a significant degree of anonymity.

By doing the above, you can wager on any site you like, irrespective of the laws in your country.

There are also end-to-end BNB betting websites that willingly accept customers from countries where betting with money is illegal.

Disclaimer

Please note that the information provided above is designed solely to outline a flaw in the system already known to many people.

We will never be proponents of illegal activity, and advise you to avoid breaking the law.

If you get caught, the punishment could be severe.

For instance, in Cambodia, illegal gambling could result in a prison sentence.

Also, let’s face it, any Binance Coin betting site that encourages illegal betting is probably not the most trustworthy!

After all, what’s stopping the site from keeping your money and closing your account once they find out where you live?

Breaking the law is no laughing matter, and we take no responsibility or liability if you go ahead and suffer the penalties.

You have been warned!

Rapid payouts

Those who have used conventional sports betting sites know all about the pain of waiting for a payout to go through.

This is because these sites interact with the banking system and deal with a huge amount of red tape.

With betting sites with BNB, things aren’t the same because of far fewer regulations.

There is regulation with the Curaçao Gaming Authority among the most reputable entities.

Even so, there are no bureaucratic holdups, which means you benefit from fast transactions.

BNB itself also allows for quick-fire payouts.

High deposit and withdrawal limits

The transaction limits imposed by traditional sports betting companies are an issue if you’re a high roller.

While you can deposit huge sums on occasion, these sites are far less generous when it’s time for you to take your winnings.

This is because plenty of sports betting sites implement strict limits on the amount you can withdraw.

Indeed, you will probably need to provide documentation if you want to get a hold of a decent sum of money.

Even worse, if you’re a regular winner, conventional betting sites will restrict your bets or ban you completely.

By this point, betting on such sites isn’t worth your while since you can’t risk more than a handful of dollars at most.

With less red tape, BNB betting sites are free to permit substantial withdrawal sums and quite often do.

Indeed, our team uncovered numerous sites with NO transaction limits!

Due in part to greater competition, such sites are also less strict regarding restrictions and bans for being successful at betting.

Modernity

A few traditional sites permit you to use BNB.

Unfortunately, this does nothing to improve the general transaction speed, nor does it impact deposit/withdrawal limits that much.

Once you factor in the poor design and low-quality customer support, it becomes clear that you can usually do better.

Binance Coin betting sites are designed with the modern gamer in mind and provide a vastly superior user experience.

These sites tick all the boxes with bonuses worth your while, a customer support team that cares, and an aesthetically pleasing design.

Important Considerations When Selecting Binance Coin Betting Sites

You likely have a few important considerations when picking the right Binance Coin betting site for your needs.

We recognize that every user is different, so we analyze multiple aspects of the Binance Coin betting sites we review.

Below are some of the most relevant.

Available sporting events

The top-ranked BNB sports betting sites on our list can match or even exceed the range of sports and markets that standard betting sites let you bet on.

There is something for everyone from football to virtual sports and everything in between.

Furthermore, you have the opportunity to wager Binance Coin on an extraordinary number of markets.

If you don’t get the best prices, forget about earning a long-term profit when you wager.

We recommend checking out a few of the Binance Coin sports betting companies on our list and comparing their markets.

You may eventually discover that one site consistently beats the rest.

Overall, finding out if a site can meet all your needs requires additional work, including a thorough analysis of its sport and market variety.

Is it an end-to-end crypto Betting Site?

Not every sports betting site that allows you to use BNB is end-to-end, which makes a big difference.

If you mistakenly choose the wrong site, it could cost you a reasonable sum of money, as you’re about to find out.

Traditional Betting Platforms

It is folly to believe that traditional sports betting platforms which happen to permit Binance Coin are useful.

Binance Coin might go into your account, but it certainly doesn’t stay there.

As soon as the crypto goes into the site, it becomes fiat and only reverts to its digital form upon withdrawal.

Basically, the whole thing is a mirage because you can’t actually use the Binance Coin on the site.

What’s worse is that you’re charged fees for both transactions.

If you think that Binance Coin has growth potential, it is a no-brainer to use end-to-end Binance Coin betting sites instead.

Why choose end-to-end Betting Sites That Accept BNB?

When you use end-to-end Binance Coin betting sites, you conduct every type of transaction exclusively in digital currency.

Therefore, you always have crypto in your account, meaning you lose money if its value falls but benefit from any bull runs.

Certain sports betting sites that accept BNB even accept a handful of digital currencies.

Look for the following features if you plan to use end-to-end crypto sites:

  • Anonymous play

  • Quick deposits and withdrawals

  • A relative absence of transaction limits

  • Unfortunately, some Binance Coin betting sites fail to provide the above, so we invite you to go through our reviews to find the ones that do.

Bonuses

Bonuses remain an important feature of any sports betting website.

We investigate this section thoroughly by dividing it into three distinct groups.

Welcome bonus

It is standard practice for BNB betting sites to provide a welcome bonus for new players.

It is too easy to get lured into thinking you’re getting the better end of the deal.

The 100% bonus, where the site matches your first deposit, is a prime example.

Suppose you deposit $200, the Binance Coin sports betting site ‘rewards’ you with another $200.

Unfortunately, there is a very big stipulation in this instance.

Some Binance Coin betting sites force you to wager at least 30 times your deposit before you’re allowed to withdraw ANY money.

Consequently, you must make at least $6,000 worth of bets with a $200 initial deposit before getting any money.

As a result, your hard-earned $200 is as good as gone, barring a major stroke of good fortune.

This is why it makes sense to focus on a site’s VIP package or the quality of its promotions.

VIP program

Traditional casinos often treat loyal customers to perks such as free dinners and luxury accommodation.

Although Binance Coin betting sites can’t match the above, they can create a VIP package that attracts and retains big spenders.

Top-rated sites tend to push the boat out in the knowledge that if they don’t, someone else will.

Many sites use points reward systems where players earn a point for every dollar they spend on a site.

You may receive $10 with no catches in the above example once you ‘earn’ 1,000 points.

Such a program automatically rewards individuals who spend a lot of money on a sports betting site.

Other VIP program perks could include special gifts and access to unique games.

Sadly, plenty of BNB betting sites fail dismally regarding their VIP offerings.

If the lack of a good program is a dealbreaker for you, read our Binance Coin sports betting company reviews to learn whether sites offer VIP packages worthy of the name.

How good are a site’s promotions?

Rather than emphasize the volume of promotions, it is more helpful to focus on the standard.

Daily promotions can seem like a good thing, but you’ll often find that they carry a ton of stipulations.

In truth, it is rare for standard betting companies to care a great deal about promotions.

Such sites are more concerned with providing bonuses that are effectively useless to the player.

In contrast, Binance Coin sports betting sites understand that great promotions bring customers and keep them loyal.

The result of better rewards is a vastly improved user experience.

What payment methods are available?

Sports betting sites that accept Binance Coin unable to provide flexibility regarding payment methods will cause frustration, irrespective of its features.

Apart from transaction speed and limits, our team’s reviews also look into the different digital assets one can use.

Speed of withdrawals

In general, if you use BNB, you will benefit from incredible transaction speeds.

Some cryptocurrencies can process thousands of transactions every second, though not all have this capability.

The top-rated betting sites accepting BNB know that customers expect quick access to their cash, with some offering instant withdrawals.

You can rely on us to inform you of the sites with the best withdrawal times, as well as warning you of slow-acting sites.

How much can you withdraw at one time?

If you’ve used a fiat-accepting betting website, the minuscule withdrawal limits have likely proven a source of frustration.

It is standard for such sites to keep withdrawal maximums to $10,000 per week, and this is the best-case scenario!

The above might seem okay until you hit a five-figure payout, only to discover that you can’t spend your money for weeks.

Thankfully, top-rated betting websites with Binance Coin enable users to withdraw substantial sums.

In fact, a growing number of companies are allowing unlimited withdrawals.

Therefore, you can rest easy in the knowledge that your next huge win will be transferred in seconds!

Crypto options

The number of digital coins available is in the thousands and growing rapidly.

Unfortunately, only a small fraction of the market has genuine growth potential.

As a result, you shouldn’t expect sports betting sites accepting Binance Coin to offer you the option to use dozens of digital assets.

Even so, you should be able to use Ethereum, Bitcoin, and other well-known cryptocurrencies.

Is it legal to Bet in your country?

Even today, dozens of countries don’t allow gambling of any kind.

Yet, individuals living in one of these locations register with betting sites that accept Binance Coin and wager despite the ban.

The Binance Coin betting sites on our top-rated list make sure they’re available to users where gambling is legal, giving them the option to bet on casino games or sports.

If you attempt to register with such sites from a country with a gambling ban, you’ll quickly learn that it is almost impossible.

Sadly, shady sports betting sites accepting Binance Coin don’t do you this courtesy and are happy to take money from anyone.

It is an easy way for them to make money since they can place the blame solely on the user.

Upon your initial deposit, such companies seek account verification and keep your cash after shutting your account down.

One workaround is to invest in a VPN to avoid geo-restrictions.

If a legitimate Binance Coin betting site discovers you’re from a country on its prohibited list, it will shut down your account but return your money.

Even if you don’t lose money in the end though, you’ll have bigger problems if law enforcement in your country catches you!

Trustworthiness of the Binance Coin Betting Site

Once you make Binance Coin transactions, there is no way to reverse them, a fact that’s a blessing and occasionally a curse.

If you make any mistake when transferring money, you can probably say goodbye to it!

This is also the case if you register with a dubious Binance Coin betting site that steals your cash.

Binance Coin is decentralized, meaning there is no banking entity to listen to your complaints and act upon them.

With this in mind, discovering everything you can about the reputation of betting websites with BNB is crucial.

Apart from doing your own research, read our reviews to see if you can trust the sites you’re interested in using.

We spend hours on each BNB betting site we review, noting our experience, and also get additional first-hand information from real users.

This thorough process ensures you get the full picture of a site’s reputation.

Customer support

One of the essential facets of any site is its level of customer support.

Without one, you’re completely lost if anything untoward happens on the BNB betting site.

Whether you have an issue with a game or a withdrawal, you’ll feel better with a trained customer service agent on the case.

Our team investigates the general standard of customer service on every site we review.

We speak to different agents on the site, analyzing their level of skill, helpfulness, and general demeanor.

The Caliber of Betting Selections Offered by the Binance Coin Betting Site

These days, BNB sports betting site competition is fierce, so they have no option but to excel in terms of the sports and markets on display.

Our reviewers have gauged the quality of the sports markets on offer, and you can use this information to make an informed decision on the site you choose.

What Sporting Events & Markets Does The Sports Betting Site With BNB Offer?

Those who enjoy sports betting will love the remarkable choice provided by betting sites with BNB.

Our sports betting site that accepts Binance Coin reviews probe each site’s range of sports, the variety of markets, and whether users receive value odds.

Betting experts know that they can forget about making a profit without the right pricing in a sports market.

Below are five of the most popular sports available on crypto sites, along with bullet point lists of common markets.

The best eSports markets

The electronic sports industry is no longer a niche market; it has become a global phenomenon.

Indeed, eSports attracts an audience of several hundred million fans, making it incredibly lucrative for top performers.

eSports consists of world-class video gamers testing their skills in specific leagues.

Games of note include Call of Duty, Dota 2, and Rainbow Six.

In eSports, there are tons of markets to choose from, including:

  • Game winner

  • Outright winner

  • Handicap

  • First blood

  • Team maps

If you’re planning to bet on esports, learning as much as possible about them is essential.

We’ve compiled a summary of five of the most popular games offered by Binance Coin betting sites.

Rainbow Six: Siege

Since its release in 2015, Ubisoft’s Rainbow Six: Siege has become one of the best-loved esports games.

This First-Person Shooter (FPS) is played by two teams of five competitors who must defend or attack.

With over 50 operators to choose from, players are spoiled for choice.

Experienced gamers understand the strategy involved in selecting an operator, which is similar to DOTA 2 and League of Legends.

Unlike FPS games such as Call of Duty, one can destroy the terrain in Rainbow Six: Siege.

From a tactical perspective, it is an interesting way to achieve your objectives.

Call of Duty

Often abbreviated to CoD, Call of Duty is among the world’s most popular First-Person Shooter (FPS) games.

In esports, two teams play Call of Duty and try to earn a victory in different game modes, including:

  • Hardpoint: Each team receives points for each second they’re in control of the important ‘hardpoint’ area

  • Domination: Each team aims to control three static objectives (marked by flags) and receives points for maintaining their hold of the flags

  • Search and Destroy: In this attack versus defense scenario, attackers plant and detonate bombs at one of the two available sites, while defenders must stop them

The Call of Duty League attracts the best players in the world.

DOTA 2

DOTA 2 allows players to select from over 100 characters and is regarded as one of the world’s best multiplayer online battle arena (MOBA) games.

Competitive DOTA 2 sticks to the “two teams with five players apiece” esports formula.

In the game, the goal is to destroy a huge structure on enemy territory known as the “Ancient.”

Few esports games are as widely played and watched as DOTA 2.

With 30 teams involved, The International is the #1 DOTA 2 event and takes place annually.

League of Legends

Released in 2009 by Riot Games, League of Legends (LOL) remains among the most played esports MOBAs.

In an esports environment, LOL involves two teams of five who try to demolish each other’s “Nexus” (base).

Pros pick one of the 130+ characters available and must note the different attributes of each before making a selection.

Throughout the game, players must finish challenges to boost their character’s power and give their team an edge.

The LOL World Championship is an annual event, and the winning team gets to bring home the Summoner’s Cup, which weighs approximately 70 pounds.

FIFA

FIFA Football has been a major esports game since it featured in the first edition of the World Cyber Games in 2001.

The popularity of soccer means that regional tournaments feature a huge number of players from various nations.

The winners of these events qualify for Regional Playoffs as part of the FIFA Global Series.

However, as FIFA games are one vs. one, some of the skill is taken out of the equation since AI controls 10 members of a team.

Even so, the global appeal of soccer means FIFA should enjoy at least its current level of popularity for the foreseeable future.

A quick guide to Betting on virtual sports

In virtual sports, the outcome of each event is decided by a random number generator (RNG).

In virtual sports, you can rest assured that when you bet, what unfolds before you is the same as what everyone else sees.

The Binance Coin sports betting site is unable to fix the result because the algorithm used is entirely random.

You’ll quickly find that virtual sports markets seem familiar because they replicate their real sports counterparts.

However, as the ‘competitors’ never get tired, it is possible for sports betting sites that accept BNB to host these events every few minutes.

As a result, you have hundreds of betting opportunities daily.

What virtual sports are available to Bet on?

BNB betting sites know how popular these events are and are continually expanding the available sports.

These include American football, greyhound racing, and golf.

Make your bet before the event starts, and watch the random outcome unfold.

Many bettors like that they can make wagers without needing to conduct research.

There are American football games every three minutes, and there is usually a five-minute duration between darts matches.

Virtual sports are fast, furious, and if you wager sensibly, a lot of fun.

What are the most common virtual sports markets?

Those who bet on real sports will recognize all of the markets available in virtual sports.

You might be surprised by the range of options, even if the markets are often simplistic.

In basketball, you can bet on the points total or spread, whereas the following markets are available in soccer:

  • Fulltime result (Home, Draw, Away)

  • Correct Score

  • Double Chance

  • First Goalscorer

  • Handicap Markets

Once you get used to wagering on betting sites with Binance Coin, you might find that it offers a nice contrast to real events on occasion.

Keep reading to learn more about virtual sports’ advantages and disadvantages.

Virtual sports advantages

  • With several hundred daily events and associated markets, you’re spoiled for choice

  • There is no chance that reputable betting sites with Binance Coin will fix the result

  • You can bet freely, safe in the knowledge that factors such as weather, form, and injuries have no bearing on the event

  • In certain sports, there are events every 60 seconds

  • No individual has an advantage because there’s no skill required to win

Cons of virtual sports

  • Value bettors can’t get the advantage they seek due to the presence of RNGs

  • The Binance Coin betting website always holds an edge, usually of several percent

  • The combination of no skill and regular events means it is easy to lose large sums of money

  • Despite this niche’s growth, BNB betting websites still don’t offer the same number of markets as they do in real sports

  • There is no contest between virtual and real sports in terms of excitement

Pros and Cons of Using Binance Coin on Betting Companies

Processing payments with BNB on betting sites could be exhausting if you’re a newbie.

Be sure to learn more about Binance Coin, if you want to use it for betting.

All you need to know about BNB

Binance Coin (BNB) is a cryptocurrency presented in 2017.

Issued by the well-known Binance exchange, BNB has a trading symbol BNB.

It was originally based on the ETH blockchain but now it works as part of Binance’s chain.

While having ERC 20 standard, the maximum supply of Binance Coin is 200 million tokens.

Binance Exchange is among the largest crypto exchanges in the globe, confirming over 1.4 million transactions per second.

Apart from use on the native exchange, BNB can be used for trading, investment, payment processing, and more.

Advantages of using Binance Coin

It would be useful to learn Binance Coin pros before using it for betting.

BNB transfers are quick

When using Binance Coin for betting, you can enjoy swift transactions.

If using BNB wagering winnings for trading, you can even win prizes.

Binance Coin charges are low

Binance Coin have the minimum transaction costs if using them betting.

The approximate fee is 0.1% for all traders.

However, in the case of a busy blockchain, fees will be higher.

Binance Coin has a positive future

Binance, the enterprise behind Binance Coin, has a good future.

Binance Coin has already received support from exclusive partners, including brands from the video entertainment sector.

Binance Coin is scalable

It is possible to enjoy Binance Coin betting and enjoy full scalability.

This is feasible as Binance benefits from a burndown policy, providing a smooth experience on betting websites.

Based on the burndown policy, Binance uses 20% of the earnings to purchase BNB and burn them to lower the entire supply while keeping 50% of the total supply.

Negatives of using Binance Coin

Be sure you understand the drawbacks of Binance Coin betting.

Binance Coin is centralized

BNB may not be a perfect option if you want to bet as ii it centralized.

BNB is centralized through Binance and up to 80% of tokens are held by Binance in multiple wallets.

Binance Coin’s centralization could lead to frauds and double-spends which would affect the betting experience.

Binance Coin is targeted by hackers

Binance and its Binance Coin are at risk for hacker attacks.

This lowers the safety level while using Binance Coin for betting.

Despite Binance supervision, hackers can intrude on the system and get your money from Binance Coin wagering.

Binance Coin has certain legal issues

If utilizing BNB for betting, keep in mind that regulators could take the system down.

Many complaints about Binance and their unlicensed operation have already been filled.

These objections could lead to the ban, which could affect your betting.

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Written by

Dylan B

Dylan Buckley is a writer based in California. He became interested in cryptocurrency upon discovering it in 2014 and soon started investing as well as writing for a wide variety of clients and crypto-startups in the space. When he is not producing content for individuals and businesses, he is typically working on his own self-development content or making music.

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