Tron is a decentralized digital peer-to-peer network. It is powered by blockchain technology and the transactions are facilitated by its own native cryptocurrency, Tronix (TRX). Tron aims to become the operating system of choice for decentralized applications in the future. It primarily focuses on the entertainment industry, which of course, includes online gambling. Indeed, Tron has a viable use case in the i-gaming scene, as it offers low fees and fast transactions. The network does not limit itself in the form of a payment method, as it is also already in use as a platform for decentralized sportsbooks & casinos. Tron gambling sites are on the rise, and new opportunities can be found in them.
List of Tron Sports Betting Sites
Despite the multiple benefits, Tron betting is still in its infancy. The decentralized gambling applications are in a Wild West status, and few centralized bookies offer it as a payment method. To give you a hand, we will provide a list of the most trustworthy TRX-friendly bookies. Our selections offer you low fees, high payout and fast withdrawals. Moreover, you may also check their dedicated reviews to get the broader picture.
Why Go for Tron Betting
The most important benefit is the efficiency of the network. Its design and implementation make it capable of handling a huge amount of transactions. The fund transfers are secure, fast and charge a meager fee. Apart from that, the Tron project holds a revolutionary vision. A redesign of the way content creators reach their target audience, eliminating the middle-man.
It is backed by a dedicated organization, the Tron Foundation. Another huge fact is that Tron is one of the most popular cryptocurrencies in China. That means it may hold the key to exciting developments in the online gambling industry. As a payment method, you can use it to claim crypto bonuses quickly and easily. For the more tech-savvy bettors, there is another big plus in Tron gambling. Decentralized gambling applications.
Tron and Decentralized Applications (Dapps)
Commonly known as ‘Dapps’. Think of them as normal applications that you can install on your smartphone or desktop. The main difference is that they are built on a blockchain network, in our case Tron. Once launched, they are controlled only by their programmed protocol, and no one can interfere, even the creator. Updates are implemented via the voting mechanisms of their community. Hence the decentralization. A Dapp can be developed for many industries, with gambling being one of the most popular among them.
More specifically, Tron is the second most used network for gambling Dapps behind EOS. The juicy part of gambling Dapps is that they eliminate the operator’s margin and you only have to pay the network’s transaction fees. Be very careful, though, as many scam projects are waiting for their next victim. We suggest you do diligent research before getting involved in decentralized Tron betting.
Perks of Tron Gambling Sites
Tron is a popular cryptocurrency and you can find it in the majority of crypto exchanges. Liquidity will not be an issue. The technology behind its network is sound, so consider your transactions safe. As we have already mentioned, the Tron project has big plans for the future. Familiarisation with its use may prove helpful in the years to come. Let’s summarize the main advantages.
✔️ Anonymous Transactions
While not wholly anonymous, Tron betting offers you more privacy in comparison to traditional currency methods. The term used in the crypto space is ‘pseudonymous’. All transactions that occur in the Tron network are transparent and everybody can see them. However, all they can see is the alphanumeric wallet address and the payment funds. Your personal information is nowhere to be found. Combine this with the fact that most crypto-friendly bookies do not request KYC documentation and the result is that Tron gambling secures your low profile.
✔️ Low Fees
The Tron network will charge you extremely low fees for your transactions. Their cost is usually around 0.01$ to 0.05$, quite a negligible amount. That of course depends on TRX's value, so the cost may increase or diminish, depending on market trends. In any case, your wallet will show the fees before you complete any payment so you can be sure of what you pay.
✔️ Fast Transaction Speed
The exact speed depends on the network’s congestion the moment you verify your transaction. It may range from 3 to 60 seconds, which is quite a convenient speed for your Tron sports betting. Sure, there are faster cryptocurrencies, but the low fees make up for that. The fact is that it blows out of the water most traditional methods in the withdrawals sector.
✔️ 100% Deposit Acceptance Rate
As with all cryptocurrencies, transactions can not fail. You will not have to worry anymore about failed deposits and the subsequent hassle. Also, if any dispute arises regarding the payment, you may check on the publicly available blockchain and confirm its completion.
✔️ No Third-Party Between Payments
The independent nature of Tron’s blockchain network secures you from any third-party security checks. There will be zero chances of blocked funds due to AML controls. The transactions will be between you and the bookie exclusively.
✔️ Dapps & Future Applications
Who knows what the future holds. Decentralized casinos and sportsbooks may be the future of the i-gaming industry. Up until then, smart players can take advantage of the Tron network’s projects each day. While most of them are indifferent or even scams, diamonds in the rough can be found.
✔️ Volatility (+)
A common trait among all cryptocurrencies. You will be susceptible to volatility if you proceed with Tron gambling. If you are a thrill seeker and wish to double-gamble, a positive price swing may boost your latest winnings. However, the opposite is possible too, which we will mention in the Tron disadvantages below.
Disadvantages found in Tron Gambling Sites
Regardless of all the positive developments, Tron has its fair share of criticisms. Many crypto enthusiasts blame the Tron team for always underdeliver on their promises, questioning the project’s legitimacy. Tron also attracts many scammers that take advantage of the many Dapps based on its network, creating many fraudulent ones. Apart from these specific issues, betting with Tron is not as convenient as most conventional methods. A player must be comfortable with basic technical and financial terms to use them effectively.
❌ Few Bookmakers Accept TRX
Tron is mainly used as a platform for decentralized sportsbooks and Casinos. Its use as a payment from centralized bookies is relatively recent. The number of Tron betting sites is quite low. Be sure to do your research before depositing in one of them, as there are quite a few shady brands around.
❌ Offshore Licencing
Crypto-friendly brands tend to hold offshore licenses, which makes them less reliable. Try not to get into any dispute with them. If you wish to proceed with Tron betting, we recommend using one of our reviewed bookies.
❌ Technical Complexity
Effective use of cryptocurrencies requires a bit of technical expertise, as well as basic financial knowledge. This keeps many players away from crypto transactions. The crypto-space constantly improves its user-friendliness, but it is still far from traditional banking methods. Tron transactions are also non-reversible, so be very careful when you type in the payment wallet address.
❌ Volatility (-)
Price swings of + or - 10% are very common for cryptocurrencies. The value of your Tron capital will not be stable, so you will have to be psychologically prepared. A negative price swing may negate a big win, so you may want to convert it to a more stable currency after cashing it out.
Tron Sports Betting - The Essentials
Tron holds ambitious plans, and it is a long-term project. The Tron Foundation wants its decentralized network to become the platform of choice for various industries, with digital entertainment as the main target group. All the participants can be connected, and the community will dictate distribution and pricing. The end goal is to eliminate the intermediaries, reducing the costs of goods and services. The above is well suited to the needs of the i-gaming industry, as new operators and software developers would be able to create new products or reach otherwise unavailable markets. Players could enjoy better bonuses and an overall higher payout.
Tron’s Creation & Technology
Tron was launched in 2017 as a token in the Ethereum network. Now it has its independent network and can be considered a competitor of Ethereum. The transactions settled in the native blockchain rely on a Delegated Proof-of-Stake mechanism. The initial presentation of the Tron project faced accusations of having copied code from other projects, but this matter has now been left behind. The man behind the Tron Foundation is Justin Sun, a young Chinese tech entrepreneur. He is a highly polarising figure as he has both enthusiastic fans and avid critics.
Tron vs Bitcoin
While they share the same basics as peer-to-peer decentralized blockchain networks, these two digital coins are two different worlds. Bitcoin’s only practical utility is transactions, but almost everybody regards it as digital gold due to its scarcity and the fact that it is the first cryptocurrency. Tron is a network with its ecosystem. Apart from the native cryptocurrency, Tronix (TRX), it can be used to host programs and applications. Its direct competitors are EOS and Ethereum. Cardano might also become one in the near future.
Dive into Tron Betting
The first thing to do is to set up a TRX wallet. We recommend visiting the official website and checking their picks. This is the best way to avoid scams, and it is valid for all cryptocurrencies. Secondly, open an account at a crypto exchange. Take a look at Binance, Kraken and KuCoin, as they are the most reputable ones for Tronix (TRX). Always make your transactions with Tron gambling sites via your personal wallet. There are various reports of exchanges banning accounts directly dealing with crypto-friendly sites. Do not take any chances to avoid unpleasant surprises.
☝ How to Deposit to a Tron Betting Site
- Buy TRX from the exchange: The most common methods are debit cards, bank transfers and e-wallets. You may directly buy TRX with dollars, euros, pounds and other FIAT currencies. However, some exchanges do not offer this option directly and you will have to buy another cryptocurrency first and then trade it with TRX.
- Transfer TRX to your wallet: Find the withdraw or transfer option in the exchange, and type in the address of your TRX wallet. Double-check it as mistakes are unforgiving. The transfer should take just a minute or two. Keep in mind that exchanges charge extra fees on top of the normal Tron ones. Sadly there is no way to avoid this, but the extra TRX charge should be minimal.
- Proceed with the TRX payment: By this point, you should have selected a Tron sports betting site. Check if the bookmaker you chose is Hybrid or Non-hybrid. Hybrid bookies convert your Tronix deposits to a traditional currency. Non-hybrid ones let you keep your TRX funds. If the latter is the case, keep in mind the volatility of the coin’s value. Open an account and select the TRX payment method. A complex combination of characters and numbers will appear. That is the bookie’s wallet address, to which you will have to send your TRX. Seek the transfer option in your wallet. Copy and paste the address that shows up in the bookmaker. Confirm the transaction.
☝ How to Withdraw from a Tron Gambling Site
- Transfer the winnings to your wallet: If you want to enjoy your eventual winnings, go to the cashier section, and select Tron as the withdrawal method. Type your wallet’s address to the tab that will appear. Careful not to type in the exchange’s account address.
- Cash-out your winnings: After the bookie authorizes the withdrawal, you should be able to see your precious TRX winnings in a matter of minutes. To fully cash them out, go to your wallet’s transfer option and send them to your exchange account. There you can trade them with other cryptos or a FIAT currency. If you want to keep a low profile, select an exchange that issues debit cards. That way, you can spend your funds without transferring them to a heavily regulated payments service.
Is Tron Sports Betting Safe & Legal
Regardless of all the criticisms that Tron faces, it is indisputably a well-known cryptocurrency backed by an effective network and a dedicated organization. It is very popular in China and other Asian countries, which means that it holds immense potential. Although there are better options, consider any Tron transaction completely safe. The danger stands in shady Dapps found in its network, but a cautious user can avoid them easily. Transactions are also legal, as crypto payments are not banned in the vast majority of countries.
If you can gamble legally online with traditional currencies, it will be the same for Tron gambling sites. Interestingly enough, TRX winnings are not taxed automatically. Fiscal authorities still have no easy access to crypto transactions. In any case, we advise against tax fraud. Even pseudonymous payments in the Tron network can be traced back to you if thorough research is conducted. Apart from that, discussions of crypto regulations are rising, so keep yourself aware and informed.
Should you choose Tron Gambling
Decentralized blockchain networks and cryptocurrencies are revolutionizing the gambling industry. They can be something more than convenient payment methods. In the future, the majority of online sportsbooks and casinos could be in the form of Dapps. Projects like Tron & Eos are making the first steps towards this direction. But that day is still far away. My opinion is that currently, only experienced users should try out such features. There are a lot of risks in play. Conventional centralized brands still offer a more convenient and valuable product for most players. Tron betting is a legitimate option for bettors that seek to enjoy the benefits of crypto payments. In addition, you will gain access to crypto bonuses that are usually better than the traditional ones. The payments will be safe, fast, cheap and help you stay under the radar. What else can someone ask for?
Tron is a decentralized peer-to-peer network based on blockchain technology. You can use its ecosystem to develop applications with different use-cases. The transactions are facilitated by its native cryptocurrency, Tronix (TRX)
Yes, it is absolutely legal. That is provided that online gambling is permitted according to the legislation of your country. In simple words, if you can gamble online with a regular (fiat) currency, you can do it with TRX too.
You need 3 things: a TRX wallet, a crypto exchange account, and an account at a Tron gambling site. You can check the article above to see the detailed process.
You can buy TRX (Tron’s currency) from most crypto exchanges. It has high liquidity and you will have no issue finding it.
Tron’s low price is mainly due to its huge circulating supply, meaning a huge amount of TRX coins around. That does not mean that it can not increase in the future. Many factors determine cryptocurrency’s price.
It is better to consult a financial advisor regarding investments. Tron is a bit of a controversial project, and no one can predict its success or failure.