Binance Pay online casinos in Canada
Love it or hate it, there’s no denying the fact that cryptocurrency platforms such as Binance Pay have changed the way we think about transactions. They are hugely successful in the iGaming industry too. As a payment gateway platform, Binance Pay has found fans among online casinos in Canada who love the simplicity of the platform and how fast it is to use.
It’s aimed at everyone who loves using cryptocurrencies to play slots and casino games. Not just with Binance’s token, but others too. Via Binance Pay, you can use more or less any cryptocurrency the exchange platform accepts. Of course, you can make deposits and withdrawals via Binance Pay with no waiting times or any casino fees.
In this article, we’ll explore more of the reasons why Binance Pay is a solid pick as a payment option at Canadian casinos.
Best Binance Pay casino sites in 2024
| Best overall | Joo Casino |
| Casino bonus | NeoSpin Casino |
| Game offer | 1win Casino |
| Fast payout | 7bit Casino |
| Mobile app | 20bet Casino |
Binance Pay casinos to avoid
While we usually recommend only legit casinos, it’s also important to highlight the ones you need to avoid. If you want a proper online gambling experience, stay away from these Binance Pay casino sites.
Ruby Red casino
Cool Cat casino
Extreme casino
CoinsPaid at a glance
Company Overview
| Company name | Binance |
| Type | Private company |
| Founded | 2014 |
| Solution type | Crypto wallet and payment gateway |
| Headquarters | Unknown |
| Key markets | Canada |
| Website | www.binance.com |
Advantages of using Binance Pay for online gambling
Cryptocurrencies are still a niche payment. Not many players accept them, but there’s no denying the fact these wallets and payment gateways are convenient. In the paragraphs below, we’ll show you the biggest advantages of using Binance Pay for online gambling.
Anonymous and safe
Outside of prepaid vouchers, cryptocurrencies are the purest anonymous iGaming payment platform. Unlike e-wallets, you don’t register under your name for crypto. It’s the same with Binance Pay. You need to register an account with the platform, but when it comes to sending or receiving cryptocurrencies, it’s all registered on the blockchain without sharing data.
Supports many cryptocurrencies
Binance Pay accepts nearly all of the cryptocurrencies you’ll find on the platform. Those include Bitcoin, Litecoin, and Ethereum as well as smaller cryptocurrencies such as Shiba Inu or Solana.
Free to register and use
You can use Binance Pay as soon as you register at Binance. It’s free to use as a wallet and a gateway platform, no matter if you’re funding it or you’re withdrawing money from your favorite Binance Pay casino.
Insanely fast payment processing times
Cryptocurrencies are – hands-down – the fastest payment option you can use at online casinos. There are no middle-men involved in these transactions, so there are no delays. For example, deposits are processed instantly, while withdrawals arrive in up to 15 minutes.
| Note: For security reasons and as part of anti-fraud policies, all deposits at Binance Pay casinos are irreversible. You should be aware of this before you click on the deposit button and confirm it. |
Disadvantages of Binance Pay
While the pros far outweigh the cons, Binance Pay isn’t perfect. There are a few slight disadvantages you need to know before you start using it.
Must verify your Binance account to use it
Before you’re able to use Binance Pay, you will need to verify your Binance account. This includes sending documents that will confirm you are who you say you are. Without it, you won’t be able to use it.
Not as common as cards or e-wallets
No matter the advantages, cryptocurrencies are a niche payment option at online casinos in Canada. They’re still very young, and Binance Pay casinos are still rare to come by.
How to deposit with Binance Pay at online casinos
Online casino withdrawals with Binance Pay
If you’ve already made a deposit with Binance Pay, most casinos will issue withdrawals back to it. But, if you used another option and you want to make a Binance Pay withdrawal, you should follow the step-by-step guide below.
- Log in at your favorite Binance Pay casino
- Go to the cashier page
- Choose Binance Pay from the drop-down menu
- Enter the desired amount and scan the QR code
- Click on withdraw to confirm
| Note: Before you can complete your first withdrawal, you will need to pass the KYC procedure. It’s common nowadays at online casinos with Binance Pay. Used as an anti-fraud measure, it aims to confirm your identity by sending the following documents to the casino: – Proof of identity – copy of your ID, driver’s license, or a color copy of your passport – Proof of payment method – copy of a recent bank statement – Proof of address – utility bill with your name and address clearly visible |
Similar payment methods to Binance Pay
Binance Pay is a pretty good option to use at Canadian casino sites. However, if you prefer an alternative, here are the best to choose from.
Interac
Bitcoin
Neteller
Binance Pay’s online gambling impact
We can’t say that Binance Pay’s online gambling impact has been immense. But, it’s safe to say that crypto wallets forever changed the industry. Many players consider cryptocurrencies the future of online gambling. With blockchains such as Binance Pay, that’s likely. As the industry enters a brave new crypto era, we’ll see more and more casinos adopting Binance Pay as a payment platform.
Conclusion
Cryptocurrencies are getting increasingly more popular at Canadian casino sites, and Binance Pay is growing into a real hit. It’s not just a cryptocurrency – it’s a payment gateway platform linked to the most popular cryptocurrency exchange in the world. It’s fast, has low fees, and is 100% safe and secure to use, so you might as well give it a try if you’re a crypto fan.
FAQs
Yes, it is. Binance Pay is a payment gateway by Binance, the world’s largest cryptocurrency exchange. As such, it’s perfectly legit to use as soon as you verify your Binance account.
Yes, you can. Binance Pay can be used for both deposits and withdrawals. Deposits are instant and fee-free, and very easy to complete – just scan the QR code at the casino and you’re done.
All cryptocurrency withdrawal times are instant. You don’t need to wait for long to claim your winnings, as there are no banks or middlemen involved in the transaction.
Yes, it is. As long as you have a verified Binance profile, you can use it freely at the best Canadian online casinos.
