Binance coin is represented by BNB, the native asset used for gas and staking on BNB Smart Chain.
BNB pays transaction gas on BNB Smart Chain and can also be used in the network’s staking and governance mechanisms.
A BNB transfer is a blockchain transaction rather than a bank-card payment. The receiving address and network must match the route supported by the destination service, and the sender pays network gas in BNB. BNB Smart Chain is EVM-compatible and now uses fast finality, so its transaction behavior is different from Bitcoin even though both assets can be offered by the same casino cashier. A casino can also convert an incoming BNB deposit to a fiat account balance instead of maintaining the player wallet in BNB.
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