Tron Sports Betting

A proof-of-stake cryptocurrency.

TRON (ticker symbol TRX, aka Tronix) is a proof-of-stake (PoS) cryptocurrency launched in 2017 after raising money through an Initial Coin Offering, or ICO.

Founded by Justin Sun and overseen by the Singapore-based TRON Foundation, TRX was originally an Ethereum token but moved to its own native platform in May 2018.

TRON works much like similar PoS crypto coins, including direct competitors such as Cardano, Solana, Avalanche, Polygon, Ethereum 2.0, etc.

Yes.

The TRON TRX crypto has proven to be a legitimate asset since it hit the market in 2017.

While countless other crypto coins have been similarly hyped, very few have been able to withstand the weight of that hype and establish themselves inside the top 20 cryptocurrencies.

TRON has done that, and while the network has had its hiccups and growing pains, it appears to be a solid fixture inside the top-rated crypto coins by market cap and user adoption.

The best online sportsbooks don’t take just any old cryptocurrency. When a major book like BetOnline or SportsBetting AG adds a particular crypto to its banking menu, you can be confident that it’s a legit coin.

As it can be.

No, we’re not trying to scare you.

From a security perspective, TRON – like all legit cryptocurrencies – is safe. It’s secured by the blockchain, which makes it quantum-hacking-resistant. There’s no safer way to send or receive money online.

And that’s great for online sports betting. TRON is much safer than Visa, Mastercard, or American Express sports betting, for example.

However, crypto is still nascent, and there is some financial risk involved in using crypto.

We can’t tell you for certain that the TRON value will never go down and will only go up. We’re confident that, long-term, the TRX value will be much more than it is today, but it is a gamble.

Of course, betting isn’t only for sports...

Yes.

Cryptocurrency is legal in most global regions, including all US states and territories.

Of course, just because crypto is legal doesn’t mean it won’t ever run into legal problems as the crypto space grows and challenges the status quo (see Ripple XRP).

However, in the case of TRX, the network has operated without issue since launch, and the TRON Foundation is held in high regard throughout the industry.

TRON – like any other cryptocurrency we recommend – is 100% legal to use for any lawful transaction. 

We think so.

When it comes to TRON vs. top performers in the crypto space, it more than proves its merit among the best of the best.

In fact, during the big crypto bear market of 2022 (aka the “2022 crypto crash”), TRON consistently retained more of its value than just about any other top 50 crypto coin, including Bitcoin and Ethereum.

It depends.

To be honest, there’s really no TRON vs. Bitcoin debate when it comes to sports betting itself.

Bitcoin is the most accepted crypto currency and is supported by many more legit online sportsbooks than TRON. For this reason alone, it’s hard to recommend any crypto coin above Bitcoin.

For investment purposes, the same holds true. Bitcoin will never not be number one.

However, Bitcoin sports betting is much more expensive than TRX sports betting. BTC fees are higher than TRX fees, and BTC transfers take 30-60 minutes compared to just 2-3 minutes for Tron transfers.

We’ll leave this one up to you.

Maybe.

In late 2022, Ethereum went from proof-of-work to proof-of-stake.

Before, we would have told you that Tron vs. Ethereum was no contest at all, given the high fees and slow transfer times associated with Ethereum sports betting.

Now, though, it’s more of a wash.

Ethereum 2.0 is still more expensive to use, but the move to PoS should make Ethereum outpace the many PoS challengers that have sought to eat into its market share over the last few years (including TRON).

Still, from a near-term profit standpoint, TRX is a cheaper, faster way to bet sports online and claim your winnings.

Possibly.

Solana was launched in 2017 around the same time as TRON but made many more headlines during the 2021 crypto bull market. That doesn’t mean it’s better, though.

In the TRON vs. Solana debate, the former has been generally more stable for a longer period of time while the latter had that big 2021 spike to vault it into the top 10 cryptocurrencies.

For betting, they both transfer quickly and have minimal transfer fees, so the investment aspect is – or should be – the tiebreaker.

But that’s tough, too, because their long-term investment potentials track similarly.  

Perhaps.

TRON and Polygon have a lot of the same use cases and upsides.

They’re both proof-of-stake, which means you can earn free coins passively. They’re also both listed in the top 25 cryptocurrencies, which makes them attractive to investors.

We own, hold, and use both – and not just for sports betting.

If you’re really worried about TRON vs. Polygon, just get some of both! 

Yes and no.

TRON betting is slightly faster and cheaper than Cardano betting. However, Cardano has a better overall appreciation profile.

In other words, ADA is expected to outpace TRX going forward.

That being said, both coins are totally viable, and you can’t really go wrong with either one.

As for the greater intricacies of the TRON vs. Cardano debate, we’ll leave that to the crypto blogs and “analysts” out there.

Several.

There are many cryptocurrencies like TRON out there, and the best online sportsbooks support a handful of these.

TRON is a proof-of-stake (PoS) crypto coin, which means you can stake TRON to earn free TRX. Remember, stakeable cryptos let you earn money two ways: through appreciation and through staking.

This is one of the aspects that makes TRON (and similar coins) a really valuable way to collect your sports betting winnings.

In addition to TRON, our favorite staking cryptos used for sports betting include Cardano, Solana, Avalanche, Polygon, and Ethereum 2.0. 

If you want to.

Generally, we recommend claiming your sports betting crypto payouts in whatever coin best suits your investment needs.

If you just want to convert your crypto betting withdrawals to cash as cheaply as possible, then TRON is a solid choice, as fees are minimal and transaction times are basically instantaneous.

But several sports betting cryptos (i.e. Solana, Cardano, Avalanche, Litecoin, etc.) have similar speedy, cheap profiles.

Speeds and fees aside, if you want to maximize your crypto gambling payouts, you should withdraw in a coin that shows good promise for short-term appreciation.

TRON is viable for this, but so are most betting cryptos. (It’s also hard to recommend against Bitcoin or Ethereum, given their market dominance.)

One solid strategy is to “hedge your bets” and withdraw in a different crypto each time. Expanding your crypto portfolio this way is always a good idea.

$0.25-$0.35

Most TRON predictions suggest that the TRX value will be in the neighborhood of $0.25 to $0.35 by 2025.

This seems achievable, which makes TRON TRX an attractive crypto asset for short-term and medium-term investment.

If you want to add significant value to your sports bet payouts, TRX withdrawals are a great way to do that. 

$0.50-$0.75

By 2030, most TRON price predictions estimate that the TRX crypto will be worth between $0.50 and $0.75.

With a value of just five cents during the height of the 2022 cryptocurrency crash, even the lower estimate represents a gain of around 1000% (or 10X).

A TRON stablecoin.

USDD – aka “Decentralized USD” – is a so-called algorithmic stablecoin that exists on the TRON network.

Instead of using actual real-world assets to back its 1:1 peg to the US dollar, USDD uses the TRX token to maintain that dollar valuation.

This isn’t always reliable, though, which is why legit online sports betting sites are unlikely to support any more stablecoins than they already do.

If you want to use a stablecoin to bet online, all the top sites support Tether betting, and several online sportsbooks also support betting with USD Coin.   

That’s probably enough.