Deposit and Withdraw with BNB and Dogecoin on 777SlotsBay Casino
1st Apr 2021, 10:51:34 AM
The team here at 777SlotsBay.com is always on the lookout for ways to make your gambling experience as smooth as possible. This means that, in addition to the largest possible range of slots and casino games, we also want to provide the most convenient deposit and withdrawal methods for our players. To this end, we are adding two new cryptocurrencies to our payment methods, Dogecoin and BNB.
Dogecoin
Members of Gen Y or Z are familiar with the slang term “Doge,” a misspelling and mispronunciation of “dog.” An internet meme sensation in 2013, the dog in question is a cute little Shiba Inu. Using broken English and poor spelling, the Shibu Inu expresses all his doggy thoughts and musings on life in general.
Created in 2013 by software developers Billy Markus and Jackson Palmer, Dogecoin was intended as a satire of the exploding popularity of Bitcoin and cryptos in general.
Although it originally had no real use beyond giving small tips on social media, it has developed an ever-growing fanbase, including Elon Musk and Snoop Doggy Dogg. This has raised the price of a Dogecoin from less than $.01 for much of 2020 to around $.05 today.
As Dogecoin is relatively cheap compared to other cryptos, it is an ideal way for would-be crypto-investors to test the waters.
BNB
BNB is the native token of the Binance crypto exchange. First issued in 2017, BNB tokens allow Binance users to pay fees at a vastly discounted rate. It also provides more flexibility in regards to trading on the platform.
BNB tokens were first issued on the Ethereum blockchain as ERC-20 tokens. After a few months, the tokens were shifted over to Binance’s native blockchain, giving Binance more overall control.
In the ICO (Initial Coin Offering) 200 million coins were issued. In order to limit the supply, Binance has been buying back and destroying (burning) coins every quarter. This will continue until half the original number of coins issued are destroyed, capping the number of BNB tokens in circulation at 100 million.
Price Fluctuations
Although relatively stable in comparison to Bitcoin, both cryptos have been subjected to fluctuations since the start of 2021.
On Feb 8th, 2021 Dogecoin hit a level of $0.082605, an all-time high. It has since fallen back to around $0.05.
Currently fluctuating around the $250 mark, BNB also experienced a surge in the first three weeks of February, rising from its start-of-year level of $50 to just over $300 before losing some ground.
Avoiding the downside
But don’t let this put you off. All cryptocurrencies are vulnerable to extreme price fluctuations. To get around this negative aspect and allow you to play with peace of mind, any cryptocurrency deposits you make will be immediately converted to fiat currency before being credited to your account.
This means you will always know exactly how much you are wagering and allows you to keep track of your wins and losses without having to refer to crypto price charts.
And when you withdraw money using a crypto option, the reverse happens. Your fiat currency funds are converted to the crypto of your choice and transferred to your wallet.
Deposits and withdrawals
Depositing funds on 777SlotsBay Casino is easy. Simply click on the Cashier, then the Deposit tab. Choose your crypto from the available choices, then enter the details of your wallet and how much you want to deposit in the window that will open. Click Deposit and the transaction will be complete before you know it.
Withdrawals are equally easy. Click on Withdraw in the Cashier window and follow the steps we describe above.
And don’t forget, depositing with any of the numerous cryptos accepted here at 777SlotsBay also qualifies you for some awesome bonuses so check them out. Good Luck!