Binance Pay Betting Sites

What Is Binance Pay and How Does It Work?

Binance Pay is a crypto payment system developed by Binance. It's the world's largest cryptocurrency exchange, where you can buy and trade all listed cryptocurrencies. In short, it allows you to buy crypto with fiat currency, which you can then use for crypto sports betting via the Binance Pay platform.

Binance betting sites have become very popular thanks to the seamless integration. If you're already buying crypto and altcoins from Binance, it's best to use its native system for online gambling. Now available at nearly any online casino and sports betting site, it's easy to get into just like in traditional betting. The major advantage is that crypto online sports betting sites offer anonymous deposits and withdrawals, something that isn't possible with a traditional payment method.

A bookie that accepts Binance Coin is likely to accept the payment platform and other cryptocurrencies through it. Crypto betting has been made much easier with Binance Pay. As long as you have crypto stored on your Binance Pay account, you can join a gambling site which accepts it and bet on your favourite sports.

How Do We Find the Best Binance Pay Bookmakers?

There are several factors we check before we put the best Binance Coin sportsbook sites on our list. These include the deposit and withdrawal limits and speeds, welcome bonus eligibility, and, of course, the transaction fees.

Facts About Binance Pay Betting

• The service launched with payment functionality in 2021.
• Binance Pay is used to send and receive crypto payments at no cost.
• Users can pay merchants or Binance Coin betting websites as simple as using debit cards, but much cheaper.
• It currently supports over 50 digital currencies that can be bought on the Binance exchange.
• Thanks to its contactless and decentralised nature, it's become a favourite among bettors at sports betting platforms.

Deposit & Withdrawal Limits & Speed

The transaction limit is one of the things we pay a lot of attention to when it comes to BNB sports betting sites. We only accept crypto bookmakers with instant transactions and higher limits suitable for a wide range of bettors. We also ensure transactions are fast, as no one loves slow processing times.

Eligibility for the Bonuses

E-wallets such as Neteller and Skrill may not be eligible for any betting offers. We ensure that the Binance Coin sports betting sites on our list don't exclude Binance Pay from eligibility and enables sports bettors to use the payment platform to claim a deposit bonus.

Transaction Fees

Binance Pay was imagined as a service with no fees. Therefore, we make sure each BNB sports betting site charges no fees when you use the platform to make a deposit or withdrawal.

Betting with Binance Pay

Betting with Binance Pay is as easy as betting with any other crypto wallet. Binance Coin sportsbooks have made the process effortless. Moreover, they will often walk you through it all. In general, before you jump to the betting platform, you will need to register for the service first (and at Binance) before enabling the pay functionality. The next step is to buy the coins you want to bet on. The Binance chain supports over 50 digital currencies. Once stored in your Binance Pay wallet and account, you can transfer them in and out of BNB sportsbooks to bet on your favourite sports.

No sports events are off-limits. You can bet on football, horse racing, basketball, and many other best Binance Coin sports markets and sporting events. As long as a bookmaker accepts Binance Pay, even virtual sports are allowed. If you're new, you may want to look at the popular sports markets offered on the website before you begin betting.

How to Make Binance Pay Deposits?

To deposit money with Binance Pay, you'll have to enable the pay functionality first on Binance. After that, you can deposit Binance Coin or any other crypto with ease.

• Log in to your favourite sports betting site that accepts Binance Pay
• Go to the cashier or payments page
• Choose Binance Pay and enter the desired amount
• Scan the QR code with the Binance app
• Click to confirm the transaction

How to Make Binance Pay Withdrawals?

Binance Coin withdrawals are as simple as it gets. At most Binance Pay sportsbooks and online casinos, they are processed immediately to the same payment platform if you use it to make a deposit. In case you're choosing it as a withdrawal alternative, go to the cashier page and the withdrawal tab and choose Binance Pay. Enter the desired amount and withdraw. Make sure you don't have any incomplete wagering requirements from welcome bonuses or free bets before you proceed, or you'll lose the bonus funds.

Alternatives to Binance Pay Bookmakers

E-wallets

E-wallets such as Neteller and Skrill are accepted at many traditional betting sites. They are the perfect alternative for bettors who aren't interested in the advantages Binance Pay and digital currencies bring. However, e-wallets rarely qualify for welcome bonuses, and have lower limits.

Bank Transfers

Payment methods such as bank transfer payments usually have high limits. However, due to strict bank security checks, withdrawal times are slow. There's always a risk of data breaches and leaks when you share your bank details online, which doesn't happen with Binance Pay.

Prepaid Vouchers

Prepaid vouchers have low limits and are used for deposits only. They offer anonymous transactions and are perfect for beginners and responsible gambling. However, they don't offer withdrawal functionality, which is a major disadvantage.

Binance Pay Betting Conclusion

Binance Pay is becoming one of the favourite crypto payment systems for sports betting online. You can easily make deposits to start wagering on pre-match or live betting markets and withdraw winnings just as fast and easily. Crypto betting is taking a big swing in the traditional betting market, and if you want to get the most out of it, Binance Pay is the perfect payment platform to choose. Learn more about bookmakers recommended by our experts here at Betpack.