If you’ve seen the news or checked social media in the past few months, you’re probably aware of what cryptocurrency is to some extent. For those who are unaware, crypto is a digital asset that operates on a decentralized system that stores all transactions on a virtual ledger. They are not controlled by banks or other entities, separate from governments, and are a democratic form of currency that is quickly rising in popularity. If you’re unfamiliar with crypto and the terminology around it, check out our page Crypto Currency Betting for a deeper dive.
With this rise in popularity has come a change in usage, and some lovers of these currencies have begun crypto gambling. This is online sports betting, but rather than using debit or credit cards and conventional currency to bet, cryptocurrency betting uses some of the currencies that have become most popular. One such currency that has become a popular crypto sports betting option is Binance Coin. Betting with Binance Coin has some advantages and drawbacks, and below you’ll find all you need to know about betting with this digital asset.