Binance – one of the best crypto wallets for Online Poker

binance poker

Binance is the world’s largest cryptocurrency exchange and has an average daily volume of more than $3 billion. The company has more than 1,300 employees from more than 50 countries working in more than 20 different locations. The Binance ICO raised $15 million and everybody who invested in the project got rewarded with BNB tokens which have since then become extremely popular and are now the cryptocurrency with the 3rd-largest market capitalization. The cryptocurrency exchange is the most popular place for traders and investors to purchase and sell their coins and is especially popular due to its low fees, a great reputation, and track record of reliable withdrawals.

Binance Review

Binance has been launched in 2017 as a crypto exchange. However, soon after the site went online, it started offering plenty of additional services for its customers. Nowadays, you can trade hundreds of different cryptocurrencies. Furthermore, you can also purchase various cryptocurrencies using your credit card, bank transaction, cash balance, and multiple other payment methods – as of today, Binance support more than 40 different fiat currencies. Additionally, the exchange also added multiple financial services that allow you to earn additional crypto by investing your coins in lending, staking, and other innovative methods. Binance lets you generate passive income from your cryptos and also added a special platform for new investments called Binance Launchpad. Binance Launchpad is an alternative ICO model tool and allows partners of Binance to launch their new projects on Binance and nowadays, it has become a highly profitable investment tool for both, new projects and investors.

How to create account on binance?

Opening an account and getting verified at Binance takes just a couple of seconds. Nevertheless, we have created a step-by-step guide that will make it even easier and help you to get started even quicker !

Step 1CLICK HERE to start the Binance registration process.

Step 2 – Enter your Details You will be redirected to the Binance website, where you have to enter your email address and preferred password.

Binance wallet

How to buy crypto on Binance ?

After you have created your Binance account, you can start buying Bitcoin or other cryptocurrencies at Binance.

In general, there are two different ways of purchasing Bitcoin using cash – you can either connect your debit/credit card or bank account or buy crypto directly from other users on Binance P2P.

Buying Bitcoin using your debit or credit card or via bank transfer is certainly the most customer-friendly way of purchase crypto. Binance has a minimum deposit of $15 for this kind of transaction.

Recently, there have been additional payment methods added for multiple regions. Depending on the local currency you chose, you can select another payment method that is available to you.

Binance Fees

Depositing cryptocurrencies is completely free of charge at Binance. However, if you decide to deposit fiat currency into your account, the cryptocurrency exchange is going to charge your account with a minor fee upon your deposit. The only free fiat deposit option at Binance is through bank wire transfers. Binance is earning money by charging traders a small fee on their trades. The operator charges a 0.1% fee for every trade, which is way lower than what other large cryptocurrency exchanges have to offer.

Binance fees

Withdrawing funds from Binance

When you play online poker and use crypto for transactions, most common questions are :

  • How to withdraw crypto from wallet and convert it to fiat money ?
  • What are the fees and how long it will take ?

Luckily, online poker players should not worry too much, because it is very simple. When you want to cashout your winnings, just give owner of the poker room your deposit adress for bitcoin, usdt, etherium, dogecoin or any other cryptocurrency.

Crypto transaction time, varies depending on which cryptocurrency you use and how busy is the blockchain network. Usually takes between 1 minute and 3 hours.

When you receive crypto assets you can see them in your wallet and they estimated worth in fiat currency. From here you have couple of options before you:

  • Keep funds in crypto, if you are interested in trading.
  • Convert crypto to fiat and withdraw it to your bank card.
  • Order Binance Visa Card and use it for binance fiat withdraws, if you want to avoid using banks. If you have Binance Card, just convert crypto to fiat and add it to card. Now you can spend or withdraw funds at ATM.

At the time of writing there is no commision for adding funds to visa cards. If you decide to order use Binance Card , you will pay 1% tax when withdrawing funds from ATM. There is no commision for spending.

Poker players on high stakes will be happy to know that in addition to low tax, Binance has also high limits for transactions. With simple verification process you can receive 1 BTC daily or equivalent of that in other crypto

assets or fiat.

Conclusion

Binance is one of the biggest cryptocurrency exchanges in the world, guaranteeing security of your funds. With its low fees, high daily limits, easy account creation and verification – it is an absolute must have.

With crypto being more popular than ever, there is no respectable poker room or club, which do not accept crypto payments. It is fast, low fee, reliable, easy to use and anonymous.

Binance offers more bonuses like cashback, referal programs, interest percentages and many more rewarding policies. In the end we will leave you a list of countries which Binance do NOT support. If Binance is available in your country, you will be happy to know , that few minutes is all it takes to start playing crypto poker.

Binance restricted countries

Binance offers its services in many countries. However, if you are located in one of the following countries you are unfortunately not allowed to sign-up at Binance: Albania, Belarus, Bosnia, Burma, Central African Republic, Democratic Republic of Congo, Democratic People’s Republic of Korea, Cote D’Ivoire, the Crimea region of Ukraine, Croatia, Cuba, Iran, Iraq, Kosovo, Lebanon, Liberia, Libya, Macedonia, Moldova, Serbia, Somalia, Sudan, South Sudan, Syria, Venezuela, Yemen, and Zimbabwe.

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