The Best TRX Casinos 2021
That cryptocurrencies are only something for tech-savvy gamblers, this assessment is long outdated. More and more casinos and other providers of virtual gambling in this country prefer to rely on coins like the Tron (TRX), as they are digital currencies that are not tied to the traditional financial market.
While the currency we are talking about here likes to be referred to as Tron, it is actually called Tronix and is abbreviated as TRX. Tron itself is a blockchain on which TRX are generated. However, unlike Bitcoin, for example, there is no possibility to earn TRX by mining. Instead, these are fully developed and are available for purchase on well-known crypto exchanges.
Speciality of the Tron protocol, which focuses them on achieving the fastest possible transfer speeds, is actually the entertainment industry. In particular, the digital currency has established itself in the social media sector. Like all blockchain 🪙, Tronix relies on a high degree of transparency towards its users.
However, the concept can only be transferred to the game in the online crypto casino to a limited extent. There, it is more about casino operators wanting to make themselves more independent, as they are confronted with restrictions in classic payment transactions, especially in Canada.
Unlike real money casinos, crypto alternatives are also much more flexible when it comes to payment limits. The TRX is thus a real, albeit not yet too widespread, alternative to the euro or US dollar as a payment option in online casinos.
In Canada, there are to date comparatively few crypto casinos that accept TRX as a means of payment. Significantly more likely to offer Bitcoin, Ethereum and Litecoin. Presumably, it will still take a while there until alternative digital assets are also incorporated.
How Tronix works in the online casino
As with all payment methods – whether real money or cryptos – registration is the first step. Users can sign up within just a few minutes. In addition, a wallet is required through which TRX can be purchased. It is important to note that these must not be so-called smart contracts, as these are excluded by most providers.
These steps enable a transaction via TXR:
- Log in to the preferred crypto casino and confirm registration
- Open cashier after login
- If available, select TRX as the payment method
- Open crypto wallet and enter TRX deposit address.
- Alternatively: Scan QR code
- Enter amount and confirm payment
The credit should usually be completed within a few minutes. If necessary, the website of the preferred casino may need to be updated after some time. Long waiting times ⏱ generally do not occur, and that is just one of many advantages that cryptocurrencies like Tron bring with them.
To explain, the so-called smart contract is called a smart contract, which in turn is based on a computer protocol. This is more commonly used in the blockchain space, but is obviously not wanted by all crypto casinos – including Stake.com, for example.
We recommend setting up a wallet at Binance, Coinbase or even Bitpanda to acquire TRX for casino deposits. The minimum deposit amount can vary depending on the provider, as well as any exchange fees that may apply. Some casino 🎰 operators now provide their own purchase options, for example via Moonpay, for Tronix (TRX).
Tron is not only on the rise in online casinos. Other industries have already recognized the possibilities of this cryptocurrency as well.
Advantages & disadvantages of Tron casinos
What advantages does Tronix offer as a payment method in the casino?
Since Canada introduced transitional rules and sharp limits, cryptocurrencies like the Tron have been shaking up the market properly. The most important advantage of such digital coins is their decentralization, because TRX is independent of banks and transactions are usually accepted in unlimited amounts. Providers also focus on a fair basis – including realistic profit rates as well as the possibility to make deposits within the shortest possible time.
The purchase of TXR works on the known exchanges with various real money currencies and payment methods – from bank transfers to credit cards. So, in that point, there is a high level of flexibility for the customer this time as well.
The most important advantages of TRX at a glance:
- Security is constantly optimized
- Anonymity outside the casino very high
- Registration in just a few minutes
- Experienced developers behind Tron
- Up to 2,000 transactions possible in seconds
It is precisely the transaction speed that benefits both investors and players in crypto casinos. In this respect, TRX is clearly ahead of the better-known and established Bitcoin. This is true at least at the current time, because it remains to be seen how Tron will develop in the coming years and whether a price increase will actually cause transactions to slow down. Overall, security comes first – and regardless of the extent to which Tron is played with at the online casino.
What are the disadvantages of Tron casinos?
Private investment in Tronix has been significantly limited by the frequently named centralization. Currently, only about 15% of all TRX are in circulation for private customers. A large part of the coins, on the other hand, are collected by the company itself as well as by individual large buyers.
This fact does not seem to have much influence on the game in the crypto casino. However, it is important to keep in mind that the limit may be reached sooner or later and there are simply no more TRX available for deposits or withdrawals.
This might also explain why there are only very few companies in the gaming industry that consider Tronix a real alternative to Bitcoin or Ethereum. In the test, we noticed just two crypto casinos – based on the Canadian market – that allow deposits and withdrawals with TRX at all.
In addition, there are other aspects where our experts see room for improvement.
The disadvantages at a glance:
- Smart contracts are often not supported
- Very small selection of TRX casinos
- Tron is often classified as centralized
- There are sometimes some minor technical weaknesses
A clear plus point is that the Tron blockchain as such works relatively simply. Thus, as a casino player, you do not have to have a lot of experience in the field of cryptocurrencies. In addition, the TRX price of just under €0.50 (as of 26.03.2021) is manageable. Thus, the currency should also be affordable for casual players and ultimately represent a good alternative to Bitcoin.
Overall, the technology can be described as well thought-out. Although there are still one or two technical weaknesses 🌟, the developers are working on them at full speed and are doing everything they can to bring the TRX to a high technological level.
Tips & tricks for paying with Tron (TXR)
The Tron website is very informative and make it much easier for investors to enter the world of digital assets. For those who have little experience with cryptocurrencies so far, this is an opportunity to get useful information in advance – that is even before a registration in the crypto casino is considered.
Interesting fun fact: TRX payments are not only accepted by a few casinos. The video portal Pornhub also supports the currency in the meantime. At least, that’s what the Tronix developers announce very impressively on their website. We would like to leave this fact uncommented, but we still find it interesting how openly Tron deals with the topic of eroticism.
The so-called 2-factor authentication is recommended for deposits into the casino. The system is automatically applied at providers like stake.com. Other companies in the industry, on the other hand, offer the possibility of switching on such an option manually. Thus, payments are doubly secured, which is certainly not only recommended for Tron transactions.
In the past year alone, the Tron market has increased by more than 100%, which suggests a huge potential for the future. Casino customers should therefore be aware of the most important frameworks related to TRX transactions. Therefore, below we answer some of the most common questions related to the cryptocurrency.
Is the Tronix deposit subject to a fee?
In principle, Tron payments at gambling sites are almost free of charge. In the crypto 🪙 casinos we tested, there are actually only minimal transaction fees for deposits and withdrawals.
As a rule, the amount is deducted directly from the available balance. The operators generally provide transparent information about the costs incurred, although these are very low anyway and hardly matter in the case of crypto payments.
Is there a TRX bonus at the casino?
At times, no special Tronix bonus promotions are offered – at least in casinos that accept bookings with cryptocurrencies in this country. The good news is that in the case of a campaign, TRX is not an exclusion criterion.
So, if the basic conditions for participating in promotions are met, it usually doesn’t matter in crypto casinos which of the offered coins you choose. This high degree of flexibility absolutely suits casino customers.
Is it worth buying Tron for casino games?
Basically, owning TRX is of course a good idea, since a fairly low rate is offered right now. Potential increases in value could thus be worthwhile in the long run. In the short term, however, playing with Tronix in the online casino is recommended primarily for casual players – and initially only for those who already use a good TRX casino.
The outlook for the near future is promising for cryptocurrencies as a whole, because Canadian online casinos in particular see the coins as a real alternative to real money currencies, which can now only be deposited in the casino to a limited extent.
Is paying with TRX safe?
Overall, the Tron was at times more vulnerable to attacks than other digital currencies. However, it can be stated that the developers close potential – usually only small – security gaps very quickly. Accordingly, the TRX can be described as a secure means of payment in the gaming industry.
An optional 2-factor authentication should definitely be used, if it is available. The process of a transaction is thus extended by only a few seconds, which, however, provide for a significantly higher protection of the coins. Thus, payment in both directions is similarly secure as with Bitcoin.
Can I cash out with Tron?
Of course, this possibility exists. However, withdrawals can only be made with TRX if the coin has already been used for the deposit. Here, regardless of the country in which the cryptocasino is located, a very well thought-out money laundering protection takes effect. The fact that this is applied to digital assets as well as real money currencies speaks for the seriousness of the provider.
Sometimes the Tronix deposit is converted into US dollars or euros in order to be able to play in real money 🤑 currency. If a payout of winnings is requested in the course of the game, it is converted again and the corresponding number of TRX lands on the specified wallet.
What Tron alternatives are there in the online casino?
The options are now quite extensive. Those who play in crypto casinos can select by far more coins than just the TRX for transactions. Some currently rely more on Bitcoin, Ethereum and Litecoin, while others are constantly expanding their options. Here are a few examples:
- Bitcoin Cash
As mentioned, the Tron (TRX) Coin is not yet too widely used in the casino industry. All the better to know the alternatives offered and also to familiarize yourself with them in more detail.
Conclusion about Tron Casinos in Canada
Tronix Coins are still at the very beginning, but they have quite a high potential and could gain more and more importance with the introduction of the first Canadian gambling licenses. Moreover, a timely purchase of the digital currency is not only worthwhile in the online gaming sector. Other industries are also expected to increasingly turn to cryptocurrencies – especially the social media sector.
It is worth keeping an eye on the prices in the coming weeks and making a move while the TRX value is still well below €1. If and when there will be a rise in value, even industry experts can’t answer that 100%.
As far as the security of casino payments is concerned, the Tron is on a similarly solid level as other coins 🪙 – even if smaller technical gaps have to be closed bit by bit. The developers are working on this challenge and will make sure that the level will not be inferior to that of BTC, ETH and Co. in the future.
As far as the costs, i.e. transaction fees, are concerned, there is no need to worry about huge sums. Even alternative coins cannot be booked to the player account free of charge so far, so customers who prefer the TRX will not suffer any disadvantages in the end.