Best Crypto Casinos That Accept Tron (2024)

Tron is an altcoin that is easy to remember thanks to the Hollywood blockbuster film of the same name. However, this crypto is more than just a fancy name-and it’s become a popular option for players on many online gambling sites.

In this article, we will look at the best online crypto casinos that support Tron. We will also look at the history behind this altcoin, how it operates, what you’ll pay to transact using this altcoin, and what the pros and cons are of using it to gamble online.

History of Tron

Tron is a relatively new altcoin that was launched in 2017 by Justin Sun. The crypto was almost immediately put under the supervision of The Tron Foundation-a non-profit located in Singapore.

Originally operating on the Ethereum blockchain, Tron began its own blockchain in 2018 with the formation of the Genesis block. It also purchased the popular peer-to-peer file-sharing website BitTorrent.

Since then, the altcoin has grown in reputation as a strong altcoin that offers incredible speeds and amazing service fees.

How Tron Works

Like almost any other cryptocurrency, Tron operates using a decentralized blockchain that is controlled and verified by numerous people from all around the world. It uses a proof-of-stake principle and ensures security thanks to its consensus algorithm.

This algorithm means that multiple users all work to verify the data and transactions in a specific block before that block can be written to and accepted by the blockchain. Doing this makes the block secure by ensuring it is validated by multiple individual parties.

The amazing thing about Tron is that this entire process takes only three seconds-which is how often a new block is added to the blockchain. This means that transactions with Tron are incredibly fast and are verified in just a few seconds. This is a vast change from the 10 minutes it takes Bitcoin.

Because of the great speed with which transactions are processed, Tron is widely hailed as one of the fastest-growing public chains in the world. However, there is one thing about it that is different to almost all other coins available.

Unlike other cryptos, Tron doesn’t release new coins each time a block is confirmed-making it impossible to mine TRX. Instead, the blockchain does allow staking-the process of locking your existing TRX on the blockchain to assist with block verification in return for a reward.

Tron Fees

The service fees for transacting on the Tron blockchain are one of the most appealing things about this altcoin. This is simply because there are none-which cannot be said for almost any other crypto.

Because of the speed of transactions and the fact that many block confirmations occur due to staked currency, the blockchain charges no gas fee, or service fee, to transact. This is great news if you are regularly depositing or withdrawing from your player account.

Tron Wallet Requirements

As is common with most cryptocurrencies, no set wallet is required to store or transact using Tron. Instead, you can use any crypto wallet that supports this altcoin. There are, however, recommendations if you regularly use Tron to gamble online.

These include using a mobile wallet for more convenient deposits into your player account. It is also recommended that you never store large values of Tron in mobile wallets or standard PC wallets. Instead, make use of paper or hardware wallets. For massive amounts, cold storage can be used.

Pros of Gambling With Tron

There are many advantages to using this altcoin while gambling on your favorite online crypto casinos. Some of these are:

Oversight

Because all development on the Tron blockchain is overseen by the Tron Foundation, you can be assured that there is less chance of an update damaging the blockchain or causing serious damage to the coin. This means that your money should be relatively safe from programming errors or other issues.

Zero Service Fees

As mentioned, Tron doesn’t levy any service fees for transactions occurring on the blockchain. This is one area that some other cryptos fail in rather sadly. Therefore, this is a great benefit if you regularly deposit or withdraw from your online player account.

Secure

Because all transactions on the Tron blockchain require multiple users to validate and confirm the data in a block, transactions using Tron are safe. This means that you won’t have to worry about somebody easily stealing your TRX when playing online.

Cons of Gambling With Tron

Even a great altcoin like Tron comes with some drawbacks attached. Some of these include:

Blockchain Stability

In 2019 it was revealed that one hacker identified a singular processor that could singlehandedly tie up the entire Tron blockchain (achievable by using a DDoS attack). While this vulnerability has since been addressed, there is still concern over the stability of the blockchain-meaning there is slight concern over money stored on the blockchain.

Less Value

While Tron has certainly grown in popularity and in the number of transactions that occur each day, it has lost its value from previous highs. This means that you may have less to gamble with online simply because of the worth of this coin.

Newly Developed

Many people around the world are still concerned about the relatively young age of this altcoin. This could be a concern if you invest heavily or win big whilst playing with Tron. Should development on this altcoin cease, you may find yourself with plenty of worthless crypto.

Tron vs. Other Altcoins Comparison

When compared to other altcoins and Bitcoin, Tron certainly has several great advantages. These can be seen clearly in the table below:

Tron - Conclusion

While Tron is the new kid on the block and has faced some rather serious scandals-such as the ability to crash the blockchain from just a single PC-this altcoin is certainly an up-and-comer to look out for. It is for this reason that the coin is becoming increasingly popular with online crypto casinos.

So, if you are looking for an altcoin to gamble with that doesn’t charge any service fees, offers ridiculously fast transaction times, and is easy to transact with, then look no further than Tron.