Here you can use all kinds of crypto coins to enjoy your favourite games. One of the tokens that players tend to use on such gaming platforms is BEP20. Below you can read all about this cryptocurrency.
Cryptocurrencies have come a long way since their first appearance. Nowadays you can use them to purchase almost anything you want. This payment method of the future even found its way into the iGaming industry.
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BEP20 is a token standard that finds its use on the BNB Smart Chain (BSC), which extends the ERC-20 technical standard. In case you don’t know, ERC-20 is the most common token standard on the Ethereum blockchain.
The creators made BEP20 a technical specification for BNB Smart Chain. Its objective is to provide a flexible format that allows any developer to launch a range of different tokens.
In other words, these tokens symbolise a broad range of crypto items that don’t feature their own blockchain. Instead, they reside on top of the Binance Smart Chain (BSC).
BEP20 is a blueprint that indicates how and how can spend the token. It also comes with rules that apply to the overall usage of the tokens. You are free to create your own native item as a BEP20 token. It also allows you to peg coins from other blockchains to make them accessible on the BNB Chain.
Wagering with BEP20 tokens at online casinos comes with several benefits. One of them is that you can deposit and withdraw instantly with this cryptocurrency.
Conducting fast deposits is common for almost any payment method. But, that isn’t the case with the withdrawals. Cashing out in BEP20 coins takes at most a few minutes.
Another major advantage is the fact that you don’t need to pay any casino fees for the transactions. However, there are some small gas fees that come with this cryptocurrency that only cost a few cents. These charges are very common, as they feature in almost any coin.
Thanks to the blockchain technology, you can also transfer tokens anonymously. You don’t rely on third parties and don’t need to share any personal information. This also increases your overall internet security.
Yet, you still need to look for licensed BEP20 Casinos, as they can legally offer their services. These gaming platforms are also utilizing the latest 128-bit SSL encryption.
At the best BEP20 Casino Sites, you will find a wide variety of games. These operators are usually collaborating with the most reputable software providers on the market.
Finally, you can use the BEP20 tokens to claim any bonus offer that you like. This of course goes for the online casinos that accept such tokens.
At the top BEP20 Casinos, you can play many different types of games. Among them are online slots, progressive jackpots, live casino games, table games, lottery, and much more.
Yes, you can apply for a casino bonus with the use of BEP20 tokens. But, you must first find out whether the online casino accepts this payment option.
No, they are not the same. BNB is one of several tokens that are grouped into BEP20 tokens.
BEP20 is a token standard that finds its use on the BNB Smart Chain (BSC), which extends the ERC-20 technical standard.
The fees for using BEP20 are no more than a few cents. Also, you are free from any additional fees at most online casinos.