What is TRC-20 and how is it used in crypto casinos?
TRC-20 is a token that is part of the Tether USDT stablecoin and uses the TRON network to deposit to and withdraw from crypto casinos at high speeds with low-cost transaction fees.
One of the advantages of TRC-20 is that its value is pegged to the US dollar, allowing players to keep their bankroll stable without worrying about crypto volatility. USDT TRC-20 maintains a 1:1 ratio with the US dollar, which is considered a low-volatile fiat currency, and it is a popular currency used for online casino gaming.
Alternative options, such as Dogecoin, Ethereum and Bitcoin, often experience significant fluctuations in value.
In online gambling, TRC-20 is popular because:
- Speed: Transaction confirmation typically takes a matter of seconds while also bypassing traditional banking delays.
- Low cost: Each transaction costs just a few cents, and fees are consistent compared to other stablecoin tokens like ERC-20, where gas fees are unpredictable.
- Widely Supported: A large number of crypto casinos support TRC-20.
- Privacy: Many TRC-20 casinos emphasize privacy, with minimal or no mandatory KYC processes.
The key takeaway is that casino players who use TRC-20 can deposit and withdraw quickly and affordably, while avoiding the volatility that comes with decentralized cryptocurrencies. If you would like to know how TRON can benefit your crypto casino gaming experience, you can find out more via this how to use TRON in a crypto casino guide.
