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All about Tron’s Foundation 100 day campaign for USDT-Tron

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Tron

Have you ever heard about Tron? If you can answer affirmatively, then you already know that it’s not your run-of-the-mill blockchain project or network. In fact, it’s radically different from most other blockchains and digital assets. But if you haven’t heard about it yet, that’s why we’re here.

Tron is a blockchain project founded by Justin Sun, who’s Jack Ma’s (of Alibaba’s billionaire fame) close friend and protegé. When Mr. Sun got Tron started, he already had made a name for himself as a successful technology business entrepreneur by founding China’s most important and widely used mobile messaging app. This didn’t happen very long ago, it hasn’t been even two years since Tron started.

Tron came to life running on Ethereum (as so many other exciting projects have) but, as time went by, Ethereum’s problems with scalability, low speeds, and high gas cost became increasingly apparent. Also apparent was Ethereum’s leadership’s lack of solutions for all those problems. The result was that Tron decided to launch its very own Main Net and leave Vitalik Buterin’s blockchain behind. This wasn’t an arbitrary move. Many other blockchain projects have either started their own networks or moved to different blockchains because they find Ethereum’s performance unbearable.

Tron’s new network turned out to be a dream come true. It’s fast, reliable, and while it has a concept similar to Ethereum’s gas, the cost is really cheap. It’s been so successful that only a few months after becoming independent, Tron had already the cryptoverse’s highest number of decentralized applications running on its blockchain.

But there’s one critical thing about Tron we haven’t mentioned yet. It has a very clear ambition which is to use blockchain technology to decentralize the web. That’s the priority. This is how Tron differs from most other blockchain projects: it has an objective, and it’s not purely financial. That’s not to say that it doesn’t have a native token. It does, it’s called Tronix or TRX. And since Tron includes two technologies to launch TRX-based cryptocurrencies, the network now includes lots of extant altcoins.

In many (maybe most) blockchain projects, the coin is all that matters. There’s nothing wrong with that. That’s how cryptocurrencies came into the world, starting with Bitcoin. But as the power of blockchain technology has proven it can be revolutionary in a myriad of use cases, a few new projects have appeared that aim to take advantage of blockchains for things that include, but are not limited, to issuing currencies. Bitcoin would be the classic example of a blockchain network that’s 100% centered in its cryptocurrency, but it’s not the only one. Think about Tether for instance.

Tether

Tether is another blockchain project (its blockchain is called “Omni”) seriously organized around its altcoin, called USDT. This token is a novel idea because each token is backed in reality by a US Dollar. The reasoning behind that structure is that, if you have a cryptocurrency that’s supported by something more real or physical than just calculating collisions in cryptographic functions, then the said coin should be immune to the crypto verse’s already infamous volatility. And it’s worked so far.

Tether and USDT are exciting projects that could become exceedingly relevant in the crypto verse (and even in the real world) in the following years, but there’s a problem. The Omni blockchain isn’t that great. It’s not too fast, and it’s rather expensive to transact there. But unlike Ethereum’s leadership, the people behind Tether are willing to do something about it. And what is that, I hear you ask? Well, to put it simply, they’re joining Tron.

Tether chooses Tron

Why join Tron? There’s every reason. By changing the USDT tokens from the Omni blockchain to Tron’s, you gain every advantage Tron has for the token. That means that transacting and using USDT Tron will be faster, cheaper, more reliable. And those things are not just about convenience. See, if there is something that characterizes the US Dollar in the whole world, that’s its liquidity.

That means that whatever your local fiat currency is (and it applies to cryptocurrencies too), there are always enough dollars in the market so that you can do any business you want without having to wait for somebody else to be willing to sell dollars to you or to buy them from you. The USDT Omni has been facing a situation that is not lack of liquidity, but it resembles its consequences because of the long transaction times.

So, Tether is migrating the USDT cryptocurrency to Tron, and the Tron Foundation and Mr. Justin Sun are trying to bring awareness to the community by orchestrating a 100-day campaign. And if you choose your timing carefully, that campaign could earn you a little passive income.

The campaign starts next April 30th, and it will continue until August 17th, 2019. Tron will invest USD 20 million beginning in the current month of April, and that could earn you as much as 20$ on the number of tokens you’re swapping from Omni to Tron.

So if you own some of the soon to disappear USDT-Omni tokens, you should swap them for the new Tron tokens as quickly as possible. And if you don’t, well, you might as well buy some. It will be an easy way to make 20% on your investment.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Gambling and cryptocurrencies: Is this a legal match? It depends

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Unless you spent the last few years marooned in an abandoned island, you must have noticed how the online gambling industry has exploded. In fact, it’s one of the industries on the internet with the highest degree of expansion. And it’s happening everywhere, not just in the world’s traditional gambling hubs (Curacao, Monaco, Las Vegas, etc.).

This is happening over the internet, which is to say that it’s occurring in the whole globe at the same time, it’s becoming something of a headache for many of the world’s governments who know they have to do something about it but don’t have the first idea of where to start.

The problems have to do with legal voids regarding the lawfulness of online betting in different jurisdictions which sometimes are national, but sometimes are regulated by states within a country and not by the federal government.

Very few individual states in the US allow gambling activities (Delaware, Las Vegas, and New Jersey) which is slightly weird as the US is probably the world’s largest consumer of gambling products.

The recent months and years have seen some of the states adopting a more progressive position on the subject and legalizing online casinos and sports betting for residents. This is not an altruistic move.

Keep in mind the colossal tax revenue advantages that such a move gives each state. It’s to be expected that, sooner or later, every state in the union will legalize online gambling in some way.

Digital Assets and Online Gambling

If finding the correct way to deal with online gambling wasn’t tricky enough for the world’s governments, there’s a new ingredient that could potentially make things even more intricate.

Over the last decade, all kinds of new technologies have appeared in the world. Chief among them has been the advent of cryptocurrencies, courtesy of Satoshi Nakamoto, and since digital assets are meant to fulfill the same uses as physical money, betting is one of the things you should be able to do with them. The question then becomes: is funding a gambling account with a digital asset legal?

Let’s explore a little context. Cryptocurrencies are produced by a technology called “blockchain technology.” That’s what you find if you look under any digital asset’s hood.

In a very concise definition, a blockchain is a decentralized database (or ledger) distributed uniformly over a network of computers. This database keeps the record of the coin transactions in the system, and it can’t be revised or tampered with because every node in the network maintains a full copy.

The blockchain way of doing things makes a lot of people nervous. It bothers governments because there is no room in a blockchain for central authorities. Things just can’t be steered in a particular direction.

It also bothers traditional financial institutions such as banks, or credit card processors because cryptocurrencies do away with conventional banking services. Each country has to decide whether the use of altcoins is legal or not within its national territory, and the positions taken so far by many governments in the world go from the very friendly (Malta) to the openly hostile (China). Some countries are struggling to find a balance, but most of the nations of the world are still undecided (or indifferent) to the subject.

The online gaming industry is a microcosmos of the same phenomenon since it’s also trying to find a way to deal successfully with the very same issues regarding digital assets. It’s entirely possible (even probable) that conventional gaming sites will start accepting Bitcoin soon, and that it could become the casino cryptocurrency of choice.

That would make sense because it’s convenient for the gambling sites as the fees are low, transactions are fast, and anonymity is virtually guaranteed by the blockchain technology.

Legality in some key countries

While it’s impossible to anticipate the future, one thing we can do for sure is taking a moment to review the current positions on gambling and crypto by some of the most critical countries in the world.

The United Kingdom: gambling is an old and honored British tradition. The English invented insurance as bets, for instance, so betting is regulated but allowed. There is the UK Gambling Commission which supervises the industry.

First and foremost, if you want to operate an online gambling site in the UK, you need to have a proper license (issued by the UKCG). If you hold the license, you are free to accept digital assets as a means of funding betting accounts.

Australia and New Zealand: Not a single country, of course, but they share similar policies. In Australia, there is the Interactive Gambling Act of 2001 (IGA) which regulates all online gambling operations. Under that law, online sports and race books are legal but other than that, the law forbids to operate online casinos within the country.

Australian residents can, however, use offshore services if they so wish. Also, most Aussies can use digital assets when the local jurisdiction allows it, and not all local authorities are friendly in that regard.

The Northern Territory Racing Commission (NTRC) has banned all use of cryptocurrencies by its residents. In New Zealand, all residents are allowed to gamble offshore (as stated by the Gambling Act of 2003). But cryptocurrencies are not regulated (which seems to mean they’re legal just because they’re not explicitly banned), so the decision of using alternative coins rests with the offshore service providers mainly.

The United States of America: the legal status of gambling (online or offline) is very frustrating. The authority to legalize these kinds of activities doesn’t belong to the federal government, but it’s decided by each individual state, which complicates things very much. Most states sill hold an exceedingly conservative position on this issue.

Gambling is legal in three states only so talking about using digital assets for gaming is little more than merely academic as the notion can’t really be tested under the current conditions. In 2006 the Unlawful Internet Gambling Enforcement Act (UIGEA) made it clear that banking electronically is downright illegal.

This position is clearly anachronistic, and it doesn’t mention cryptocurrencies at all. How could it? This law was promulgated in 2006 and Bitcoin came online only three years later, so it wasn’t under the law’s scope at all.

So the legality of betting with digital coins is somewhat undefined. But the best bet would be to play it safe and assume that, since digital money is indeed a form of electronic banking, it’s not legal.

Canada: the Canadian laws are quite similar to those in Australia and New Zealand. No law is in place that forbids Canadian citizens or residents from using cryptocurrencies to fund offshore gambling accounts (offshore being the key word) as long as the appropriate jurisdiction considers it legal.

As you can see, there are all kinds of positions about cryptocurrencies and gambling from country to country. Let’s remember that governments have never been able to legislate ahead of technology.

It’s always been the other way around, and the cryptosphere is a relatively new development on the planet as it’s barely a decade old. Governments usually take longer times even to notice (let alone acknowledge or legislate) new technologies and their consequences.

The way things are right now, the responsibility is yours. You will need to find out all the legal information relevant to your country or state of residence, read it, understand it. If you choose an offshore gaming service (which would be the natural choice since most betting websites are headquartered in only a handful of countries), you’ll also need to understand the laws of the website’s country. And then you’ll be able to decide if using digital money to fund a gambling account is a legal activity for you.

Gambling online can be a lot of fun, and using cryptocurrencies for that makes it even more enjoyable and exciting. But it’s crucial to decide prudently, in a way that will keep you out of trouble.

Image courtesy of PixaBay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Binance Launchpad 101: Here’s how you become the early bird of new projects

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You’ve undoubtedly heard about Binance before. It was founded in 2017 by Changpeng Zhao and Yi He. It was based initially in China, but then it moved to Japan as the Chinese government banned cryptocurrency trading in 2017.

By now it also has offices in Taiwan and Malta, which is one of the most cryptocurrency-friendly countries in the word. It’s even issued its very own digital token, called BNB. The thing about Binance is that it’s the world’s biggest cryptocurrency exchange by trade volume, and it’s probably the exchange with the broadest selection of trading pairs.

Earlier this year, in January, to be precise, the company announced that it would take advantage of its Binance Launchpad platform to raise funds for new tokens at the tune of one per month, more or less.

The results didn’t take long to show. Perhaps the most expected launch so far was the BitTorrent Token one (BTT). It’s a coin based on Tron’s token technology that will power the BitTorrent P2P decentralized network as it merges into Tron’s blockchain network.

It took fewer than 15 minutes to raise USD 7.12 million, which made the whole community pay a bit of attention. The move also winked at the possibility of ICOs making a spectacular comeback, more or less as it was in 2017.

BTT hasn’t been the only success story so far. Binance’s Launchpad’s second fundraiser was in support of Fetch.AI. It was even more rapid: USD 6 million in a very impressive ten seconds.

The tokens in question saw their prices soar after the Binance listing went live. And that, again, created massive interest in a big chunk of the crypto community.

Binance is calling these kinds of events “Initial Exchange Offering,” and that’s how it’s marking the commencement of massive exchanges using its platform to come online. Following Binance’s spectacular success in this regard, five other exchanges are taking a page from Binance’s book to come up with Initial Exchange Offering platforms of their own. They are Okex, KuCoin, and Bittrex, among others.

Since IEOs are becoming so popular, especially when launched at Binance over Binance Launchpad, we will use this article to offer you a thoroughly detailed guide so you can start using the platform and join in all the fun sometime in the near future by entering one of the planned events for fundraising.

Binance Launchpad: How to use it

We start with the basics. Login into your Binance account. Don’t you have one? Well, just get one. The initial process doesn’t even take three minutes; it’s effortless and direct (afterward you will need to prove your identity, but more on that later).

So now we’re in. Find the menu’s top left of the menu and click “Binance Launchpad”. The option will show as part of a drop-down.

The Home Screen

You’ll arrive at the platform’s home screen. There, dead center, you’ll see the featured projects at the launch pad. Each project’s status is carefully described to provide a full understanding of each project’s situation.

The projects on the left are about to start selling tokens, and you can find an abstract detailing the launch’s primary information. Among other pieces of data, you’ll find the number of tokens scheduled to be sold during the session, as well as the starting time.

Each project has a dedicated page within the platform, and you can see it by just choosing the project that interests you and click on it. There you’ll find the project’s information in full detail.

If you’re following us while using your Binance account so far, you’ll see that the general information about the project’s IEO event is at the top and it includes the following information: price, start time, session supply, starting date and hour. And there’s the “Buy Now” button. As we write this, that button didn’t work because the sale had not started yet, but it will be active when the time comes.

Requirements

  • Then, below, there’s the requirements tab. If you want to join in the token sale, you have to complete all the requirements mentioned in the tab. Each project has a different set of conditions, but a fairly common requirement is to comply with the platform’s general verification process. It takes four steps:
  • Type in your personal information.
  • Once your personal information is complete, you’ll need to provide a picture of your ID. This is not as cumbersome as it sounds at first. It’s actually a quick process. Your laptop has a camera that can take pictures, but it’s a better idea to make the required picture using your smartphone’s camera. That’s because it’s essential for the text in your ID to be very clear and readable. That makes things move forward more quickly, and it will save you the hassle of repeating this second step because of a bad quality picture.
  • The next step is about facial information. It’s not precisely about facial recognition, but about proving that your face matches your ID, that you’re the guy active right now on your account. Binance is meticulous, to say the least. You have to submit a picture of your face. The photo must include the date as well, and also the word “Binance” next to your face. This can indeed be done with your laptop’s camera, just make sure that the date and the legend “Binance” is obvious and readable. This is a standard step in most websites in which real money moves in and out of the platform.
  • You’re done. Almost. The next step is just to wait a bit of time for the Binance team to contact you and tell you that you are indeed approved, or, to let you know that something went wrong and you have to repeat one of the three steps.

An important bit of information: not every user from every country can participate in the event. You need to know if users from your country are allowed and you’ll find that out at the requirements tab as well.

Project Information

You should always familiarize yourself with the full information of any project that catches your eye. Any responsible investment needs in-depth research before you put any of your hard-earned money into it.

All the information you need is either in the requirements tab or in the project’s dedicated page, and you should make sure you’ve read it all, analyzed it all, and understood it all. Pros, cons, potential advantages and challenges, use cases for the new tokens, etc. We strongly suggest that you don’t go in lightly. There’s no excuse. Binance makes sure you can find out everything you need to know to make a good decision.

If you, however, consider that you still don’t have all the information you need, there’s good news. Binance has built a research center in which they carry out very detailed reviews for each of the projects listed. Is reading a full report too much information to decide? We don’t think so. On the contrary, knowledge is power, and we’re talking about your money here, so any amount of research is justified.

And that’s it, pretty much. There’s nothing more to it. Once you’ve assimilated the information you need to decide, you are all set to invest in the Binance Launchpad for the first time.

If you comply with the requirements, then just make sure you know when the sale will begin and be prepared to be online and join in as it happens.

One thing you need to take into account is that you can’t use fiat currencies to transact at Binance. The exchange is crypto to crypto which means that you need to own digital assets beforehand (bought elsewhere, with your local legal tender), then transfer them to your Binance account, and in the case of IEOs, you also need to know what coins will be accepted.

Every project will sell its new tokens only in exchange for some specific coins, and if you’re going to participate in time, you need to know what tokens are those, and, more importantly, you need to own some of them in advance.

That’s how all the launches have happened during the year with one exception. The BTT (BitTorrent token) token thing used only BNB and TRX (Tron’s Tronix currency). Which is why that launch was essentially two sessions occurring at the same time.

As we wrote in the previous paragraphs, the “Buy Now” button won’t be active until the sale begins. When it becomes alive, it will allow you to buy the number of tokens of your choice using the session’s selected token.

So let’s say the button is alive and you click on it. What happens next?

You’ll see a small box. In this box, you define the number of new tokens you want to buy. On the top of the box, you’ll see your BNB (or the token relevant to the sale). Under, you’ll find the maximum number of coins you can buy based on your cap. At the bottom of the box, you’ll need to provide a verification code. Last, you submit your request for the Binance Launchpad token sale.

The request will get you assigned to the tokens’ sale queue. This is not the time to refresh or leave the page. Be patient and wait for things to happen. Once the token sale is finished, you’ll be told. The Binance team will let you know if your luck was kind enough to get in the sale or not. If you did, the new tokens would be shown in your balance. If you didn’t then your balance remains precisely as it was before you sent the request.

Final thoughts

We hope you can see that joining in a Binance Launchpad fundraiser is very easy and takes minimal effort. The Binance team has gone out of its way to ensure that everything is simple, accessible, easy to go through and, yet, very thorough and meticulous.

One thing to keep in mind, though, is that this kind of events create immense amounts of interest in the community. Thousands (maybe hundreds of thousands) of users try to join in. Remember the Fetch.AI sale: it was over in ten seconds, no more. So while participating is exceedingly comfortable, getting a good place in the queue is not. The amount of competition is just insane, and that’s the one thing that complicates everything else.

But aside from that competition, the rest of the process is utterly seamless, easy to do, and easy to understand. If you’re not going to join, it just can’t be because of the level of technical difficulty.

Binance has found a way to be innovative, useful. It’s a pivotal exchange in the cryptoverse because of the sheer volume it has, but the new tool (the launchpad) is making it even more critical because it provides an easy way for projects to launch their coins which, on top of everything, get listed at Binance which is already something of an achievement.

Of course, Binance isn’t inventing ICO’s. Ethereum has been doing that for ages, but Binance’s approach has several advantages over Ethereum’s. Ethereum can only launch cryptocurrencies based on Ethereum’s token technology (ERC20), and with the scalability problems it’s had for months, there’s just no way in which it could support events such as those happening in Binance.

Binance’s IEO’s, on the other hand, can launch new cryptocurrencies of any kind at all, it’s not limited to Ethereum’s only. And it can manage insane amounts of traffic successfully and dependable. So Binance’s solution is a lot more versatile, a lot more powerful, reliable and, because of the high gas prices at Ethereum’s network, a lot cheaper as well.

So now you know everything you need to know if you want to join the current IEO’s fever. Lots of interest projects are about to get released and make their sale. You’ll surely find an exciting project that takes your fancy and just calls for you to participate. Just get well informed, be thorough in your preliminary research, and try to make sure you join the sale in time to actually get some of the new tokens. We wish you the best of luck!

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

The Best Bitcoin Casinos for 2019

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The whole point in cryptocurrencies (especially Bitcoin) is, quite simply, to do away with physical money once and for all. Is that overly ambitious? Maybe, but that was the stated objective announced by the mythical (and still unknown) Satoshi Nakamoto as he brought the world’s first blockchain network and digital asset online.

So if Bitcoin is going to substitute money, one of the things you must be able to do with it is to gamble. And it’s happening. Indeed, the blockchain industry would probably not be where it is today without online gambling sites powered by Bitcoin. Even in new blockchain networks such as EOS or Tron, the decentralized applications activity is dominated by gaming sites.

If you should think that this is too much of a specialized use case, well, maybe it is. But it’s one of the uses fiat currencies have all over the world and, over the last few years, many Bitcoin casinos have been incredibly successful.

There’s no shortage of Bitcoin-based gaming and gambling platforms. In fact, the number of available websites for this is enormous. In this article, we’ll offer you a bit of context for gambling with Bitcoin, and we’ll tell you about four Bitcoin casinos that w consider to be the best ones so you can choose the one that suits you better.

Also, in the last section, you’ll find a list of Bitcoin dice games which you should try out if you’re interested in gambling at a game in which the odds are closest to being mathematically fair.

Before we start, just a friendly reminder: before you proceed you need to make sure that gambling online is legal in your home country.

What is Bitcoin Casino?

Well, BitCoin casinos are basically just a website, just like any other traditional gambling platform. The main difference with BitCoin casinos is that they allow you to fund your gambling with cryptocurrencies (yes Bitcoin, but some others too in many cases).

As a matter of fact, some of these sites don’t take fiat currencies at all. This is not a dogmatic thing. There are real advantages in avoiding transactions in physical money: cashouts are faster, deposits are faster too, and the whole experience is more seamless in terms of usability.

Additionally, the irreversible nature of payments in cryptocurrencies obviates the “Know Your Customer” (KYC) process which is now the rule in traditional gambling sites and that can be very cumbersome, even a little intrusive.

But you could still need to provide some kind of identity verification, especially if you’re lucky enough to earn some big wins. That being said, 99 out of every 100 users have no problems at all in this regard.

Are Bitcoin Casinos Legal in the US?

Well, it’s not forbidden. The current regulations in the US say nothing specific about cryptocurrency gambling, and most certainly, it’s never been declared illegal at all. Online gaming, however, is restricted and regulated in most states in the union.

Laws haven’t caught up with the times to include the blockchain aspects of gambling explicitly in any way. In the whole of the country, only three states allow for any kind of gambling activity at all. Those states are Delaware, Nevada (home of Reno and Las Vegas) and New Jersy (home of Atlantic City), so no surprises there.

Some of the world’s casinos just play it safe and block most of all of the US IP addresses, but that has everything to do with gambling and nothing to do with digital assets per se. In short: there’s no reason to believe that gaming using cryptocurrencies is illegal in the US so far.

The BitCoin Casinos: are they provably fair?

Let’s start by clarifying what “provably fair game” means. It’s a game in which a third party verifies that the game was fair and that the casino isn’t messing around with users by manipulating the process or the results.

All the casinos in our list have a provably fair game section. If this is a subject that makes you a bit paranoid and you feel that BitCoin casinos are cheating you out of your winnings, then you should choose one of the casinos in which fairness verification is most straightforward.

Why choose a Bitcoin Casino?

There are three excellent reasons to gamble using Bitcoin Casinos. Anonymity, probability, and speed. Traditional online casinos have “Know Your Customer” programs (KYC) in which they require their customers to disclose some critical vital stats and personal information. This is cumbersome, and it verges on the intrusive at times.

You end up giving them all of your payment details and every bit of personal information that can pinpoint you anywhere in the world. Not so with Bitcoin Casinos. These platforms don’t ask you to disclose any personal information at all (few exceptions could apply if you score some big wins)

Then there’s the provably fair game factor. Most Bitcoin casinos offer provably fair games. This is a trend within crypto gambling that seeks to ensure fairness and transparency. You’ll hardly ever find that in conventional betting websites.

And, the other advantage is the speed. Some crypto-based casinos also accept fiat currencies, but if you deal in digital assets only, cashouts are very fast, seamless, painless. You get your money out in minutes instead of days, and you don’t have to keep checking your bank account to be sure you got paid.

So what is the house edge for this kind of casino?

For the casinos in this list, the house edge can be anywhere from 0.5% to 2%. It’s not so much about the casino but about the particular game you’re playing. It’s a remarkably low margin if you take into account that, say, slot machines in Las Vegas take 10%, and traditional poker can take up to 5% depending on the precise kind of card game you want to play.

So the house edge for Bitcoin Casinos is actually quite low when you compare it with conventional casinos. This has everything to do with the fact that they are based on cryptocurrencies. That way the costs to transact payments are much cheaper than in traditional fiat currencies. So that lower overhead in payment handling allows the house to keep its edge much lower.

Dice Games and Cryptocurrency

Cryptocurrency dice games are just a subset of the games offered in online BitCoin casinos. Dice games are trendy because being based on dice (obviously), the odds involved are quite easy to understand. An ordinary dice game can be as simple as this: you pick a number, roll the dice, and if your number comes out, you win. You lose if the result is any other number.

Even in traditional casinos, dice games is where the house takes the smallest edge. In some individual cases, the odds are mathematically fair (which means that there’s no house edge at all). The variety of dice-based games is immense so you can find the one that suits your taste for risk. And some of them allow for a high number of micro bets if you like that kind of thing and try out some kind of a strategy.

Most importantly: most of the games in BitCoin casinos are provably fair (the chances are that all games in crypto casinos are indeed fair), which means that the operation’s validity is valid and you can be100% that the house is not cheating on you.

This article’s final section provides you with a list of interesting crypto-based dice games.

And now, for the list:

The Four Best BitCoin Casinos

Fourth: mBit

In an environment in which almost everything is new, mBit has antiquity going for it (in so far as that is possible for a technology that’s barely a decade old). It’s one of the oldest Bitcoin casinos in the world.

The company is based out of Curacao, in the Caribbean sea, so it follows the gambling restrictions, requirements, and regulations of the island, which, by the way, are quite generous as is apparent from the vast number of casinos based there. It also means that it’s a legal entity. The company’s main selling point is its increasing range of games, live dealer support, and a handsome deposit bonus.

The downside (if you can call it that) is that it accepts Bitcoin only and it has no plans whatsoever to broaden its business by including any other digital asset. That could change in the future, of course, but for the time being it’s Bitcoin or nothing.

Third: FortuneJack

This is another Bitcoin gambling platform that has earned respect and a good reputation in the community. It’s unsurprisingly based in Curacao as well. FortuneJack tries to attract as big an audience as possible by supporting hundreds of different games, so there’s something for everyone. As an additional advantage, it also accepts Litecoin and Dogecoin, which gives it a bit of a competitive edge compared to its competitors.

Second: BitStarz

This is the big one. In terms of popularity, this is the biggest BitCoin casino in the world by far. If you haven’t guessed where it’s based, well, let us tell you: it hails from Curacao (are we detecting something of a trend here?).

It features more than a thousand games in its platform, and it keeps adding new ones regularly. It stands out from the rest for several reasons. It supports several altcoins as well as several more traditional payment methods.

While this is a bit eclectic for a so-called BitCoin casino, but it adds to the platform’s appeal and good reputation, as it has access to the traditional gambling markets as well as the crypto-gamblers.

Another exciting feature in BitStarz is their customer support. Its service doesn’t rely on web-based chats and contact forms (which is the painful rule in so many websites of all kinds).

The company takes advantage of social media and even Reddit to give customers the best possible service. Don’t get us wrong. There is good customer support in all of the casinos in the list. But BitStarz takes a more creative and proactive approach when serving clients. It walks the extra mile to make sure your gaming experience is painless and smooth.

First: BitcoinCasino.us

It’s been around for years, and it’s built a solid reputation in the industry. It supports DOGE, LTC, BCH, ETH and, obviously, BTC. It features many bonuses and cashback options, and it offers frequent promos in which users can get some free spins. While the selection of games is not as big as in the other casinos in this list, it’s more on the classic side of gambling. Slot games, Poker, Roulette, Table Games, Jackpot games and High Roller are on the menu.

And now, as promised, let’s check out the list for the best Bitcoin dice games in 2019.

Best Crypto Dice Games for 2019

DuckDice

It’s fun and interactive, so if that’s your cup of tea, this is it. DuckDice.io is THE cryptocurrency dice game for this year. It has 500 gamblers at any time of the day, and it’s processed more than 2 billion bets so far. The user interface is very friendly and intuitive, and it has lots of options. If you’re not persuaded yet, the house edge is of 1%.

SafeDice

This is another excellent crypto dice game. It’s very much like DuckDice except that the house edge is even lower at 0.5%. And just like with DuckDice (didn’t we say that?) you don’t even need to open an account to play.

As a matter of fact, you couldn’t give the site your email address even if you wanted to because there is just no way of doing it. It’s a popular site that’s handled more than 200 million bets and flow of 100,000 BTC. The numbers are not as impressive as DuckDice’s, but they’re still outstanding.

BitDice

BitDice is an excellent crypto dice game as well. It’s different from the previous two platforms in that it offers several other games not based on dice. And they’re quite particular to the site: Money Farm, Blast Boom Bang, Satoshi’s Secret, and Bit Aces, to name a few.

There are also more classic casino games like Black Jack and a Texas Holdem of sorts. It’s not as popular as the other two, but it’s different, and you should check it out if you’re looking for a bit of variety.

Crypto-Games

It’s a popular platform that concentrates on games that are fast, simple and very popular. Their dice game is quite popular as well, as it processes dozens of bets every second.

The chances are that every bet in this site is 100% fair and you can automate your bets if you’re looking to place many micro bets instead of a single big one. The dice game in this site has more than 2 billion stakes for bitcoin alone! Daily, the number of bets is of about 2.5 million. Also, there’s a chatroom for you to pick a conversation with fellow traders and players.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Four best Tron Blockchain games to play and earn free TRX coins

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TRON has been one of the most existing blockchains so far. And this is because it was created to support the entertainment industry and content creators. Not only that, TRON is the developers’ choice, and more Dapps and games are now created on its network, and as time goes on, it seems, almost all blockchain games will be TRON based.

As TRON is gaining more attention today and attracting Dapps developers, the blockchain technology has partnered with lots of companies including game.com. Without much ado, here are four exciting TRON based games you need to know about. And yes, these Tron games are a good way to earn free TRX.

  • Aftermath Islands

Aftermath Island is a strategic role-playing game built on TRON network. Aftermath Island launched their first playable version of the game in February 2019, last month, which features island owners, pirates, and a decentralized world.

Game players enact decisions on the islands of the game. The owners in the game have the opportunity to get resources and look for junks. It is important to know that all useful items collected during the game are traded with other players and they can be returned to the source.

The Aftermath Island game released permanent game accounts and wallets in January 2019. You can check the game out by visiting their official website aftermathislands.com.

  • CropBytes

CropBytes is a TRON based digital farming game, where users can become a farming tycoon, grow crops, buy land, upgrade buildings, breed animals, etc. At the moment, the Android and iOS version of the game is available, but the Dapp is still under development.

Feel free to check CrypBytes out at cropbytes.com.

  • Magic Academy

Built on TRON blockchain, Magic Academy is one of the latest games that got added to TRON’s network. This game involves wars and wizards. Players can buy wizards and win rounds to get lots of Jades. Because the game is TRON-based, TRC20 and TRC-721 are the main assets used in it.

tron.magicacademy.io is the official website of Magic Academy.

  • Eggies World

Eggies World is one of the first cryptocurrency-collectible game on TRON’s network.  You can feed and raise eggs on Eggies World game on TRON’s network. It is important to know that the game allows player rewards in which in-game players earn rewards depending their on EXP.

You gain EXPs on Eggies World when you feed, raise, and love your EGG/Monster. All the EXP stats get shown in a list to view your current position.

There is also token feeding on this game in which every monster possess the ability to eat every TRON based token on the market. It is vital also to know that every single token will either have a positive or negative effect on a player’s current monster stats.

Eggies World also has its native economy dubbed as EGG. TRON’s SeedGerminator project backs the game and the EGG. Eggies World is live on its official website eggies.world.

Final Words

That’s it; these are the best games on Tron blockchain that you can play and earn some free TRX alongside great enjoyment. Of course, there are other beautiful games on TRON network, too.

The Sun-led blockchain is now the developer’s choice because its network is fast and can support numerous Dapps efficiently. TRON is a futuristic company and we shouldn’t be surprised if almost every Dapp game you see online gets built on TRON network soon.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Want to buy Bitcoin with PayPal? Here are five easy ways for you

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A few years back buying bitcoin was indeed an overwhelming process, but currently, the pendulum seems to have shifted to the more relaxed side of purchasing bitcoin. The reason is quite apparent, for the past few years there have been a growing number of exchanges, payment methods on the upward trend, and the buying process is simplified.

For years, PayPal has remained to be a top online payment processor across the globe. Therefore, it’s a no brainer that most folks are looking for means to buy crypto, especially bitcoin with PayPal.

PayPal is Providing Answers

Here’s the thing…

Buying bitcoin using a secure payment method such as PayPal is possible, but we have to agree on one thing that the process can be somewhat challenging to do. But never mind that difficult part because after all, it’s possible, right?

Why is it difficult to find a credible place to buy bitcoin with PayPal?

That’s the question that answers why PayPal doesn’t allow it easily. For instance, there have been several chargeback cases whereby scammers purchase bitcoin with PayPal and later claim not to have received anything. In the end, they get their bitcoins along with their money.

However, you don’t have to worry as here are some of the best ways you can buy bitcoin with PayPal without any issues.

Five Options for Buying Bitcoin with PayPal

In January this year, Virwox shut down its PayPal deposits, and since then it has been challenging to obtain bitcoins via a PayPal account.

One thing for sure is that there’s no direct purchase of bitcoins with PayPal at the moment, you can’t reverse bitcoin. Perhaps, there are other options for buying bitcoin with PayPal which include:

  1. Wirex
  2. eToro
  3. p2p marketplaces LocalBitcoins and Paxful
  4. Virwox

Using Virwox

Virwox.com may have shut down its PayPal deposits, but it by far happened to be the best way to buy bitcoin with PayPal. It offers a way past the chargebacks by using a virtual currency SSL (Second Life Linden Dollars) as mediation means.

All that is required is to deposit using PayPal to Virwox exchange and then purchase SSL with the EUR or USD deposited. Then you can buy bitcoins with the SSL after which you can withdraw the bitcoins to an own bitcoin wallet. The process may look complicated, but it works reliably. The only drawback is the associated fees at roughly 10%.

Using eToro

eToro.com is a non-US exchange with relatively low fees and accepts several payment methods. Here you’re allowed to buy crypto with PayPal (bitcoin in this case), but not able to withdraw or send them to other individuals. It means you can only change them to fiat money; hence that’s going to be just investing in bitcoin and not buying the actual coin.

P2p marketplaces LocalBitcoins and Paxful

LocalBitcoins.com was created for real people to meet and exchange bitcoin, and for that reason, it has made the process secure and safe. Buy bitcoin on LocalBitcoin only requires finding and connecting with an individual willing to accept payment with PayPal for bitcoins (there are many).

On the other hand, Paxful.com allows the users to create an account (of course, you create an account on LocalBitcoins mentioned above for bitcoin purchase using PayPal), find sellers as well as an exchange in PayPal for bitcoins. It uses escrow service that provides additional security for the buyers and sellers alike.

Using Wirex

Like any debit card, Wirex can be used with a PayPal account. It has medium fees with taking an extended period to complete as a drawback. There’s no assurance that the transaction can be successful as they are not partners (Wirex and PayPal) hence a method that should come last on your list.

You only order a virtual or physical card from Wirex and connect it to the PayPal account and verify. Deposit to PayPal and withdraw them to your Wirex account after which you’ll be able to buy bitcoin with the funded Wirex debit card.

There’s no denying that buying bitcoin with PayPal is safe as well as secure, but the fees paid are quite large. However, if PayPal is your preferred payment method, then you now know where to go and buy bitcoin using PayPal instantly (almost).

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Welcome to Tron (TRX): The beginner’s guide

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Tron is a third generation blockchain platform with a clarity of purpose that most other blockchain projects lack: “Decentralize the web.” In other words, Tron is focused on using its state-of-the-art blockchain technology as a substratum to develop a global market that will include entertainment, media, and all kinds of content, except that it will be 100% decentralized.

That means that the current Internet central authorities (which also function as middlemen for creators) will be left out of the loop (Apple App Store, Google Play Store, YouTube, Google, Facebook, etc.). That will allow content creators to profit from their work directly from users without risking demonetization due to not following a company’s policy.

Among the many exciting features that are unique in Tron is their governance model for achieving consensus. It’s called Delegated Proof of Stake (DPoS). The consensus is essential in any blockchain network because that’s how you know that the network’s ledger (which is distributed among many nodes in the world) agrees in the way the network is moving forward.

Every node has the exact same copy of the whole blockchain, and every node agrees with every other one in that they all do. That’s the heart of decentralization. But Tron’s model allows for additional features such as voting for the “witnesses” that keep the network honest and receive compensation for processing transactions and creating new blocks.

Young as it is (not even two years old) the Tron network is already very well populated with all kinds of decentralized apps for users to enjoy. And, as the Tron Foundation bought BitTorrent a few months ago, and it’s about to merge it into Tron’s Network (Project Atlas), it is about to become the world’s largest decentralized network.

Join us as we tell you all you need to know to get started with Tron and to enjoy the apps, the token and the community.

What’s under Tron’s hood?

In short, if you see under Tron’s hood, you’ll find one of the most innovative and well-designed blockchains. This is the nerdy part, so feel free to move on to the next section if you’re interested in the more practical aspects of Tron, or in how to get started quickly. But we’d suggest for you to keep reading because knowing a project’s fundamentals is a good way to understand why it’s more valuable (or not) than others.

The network achieves governed decentralization and cost-efficient and very rapid transactions among members by using a classic three-layer architecture. The first layer is for storage. It manages how the data is recorded in the chain’s blocks, and how the system retrieves it for practical purposes.

Then there’s the core layer. This is where you’ll find all the data that keeps some of Tron’s most specific functionalities going. Here is the module that enables smart contracts, account management, consensus, and voting.

The Tron Virtual Machine (TVM) also works in this second layer. The TVM is a translator of sorts that developers can use to create decentralized applications and deploy them using any programming language they fancy.

Last but not least is the application layer. This one is more on the surface and allows developers to create their own dApps and smart contracts, along with the network’s tokens.

The Tron environment is unique as well. Most of the work (that means, creating new blocks) is done by 27 nodes that have been voted to become Super Representatives by TRX holders.

Other users can also help those nodes and even get some passive income as a reward. The Super Representative elections are an ongoing process that never stops. The idea behind the permanent elections is to keep the network inexpensive and with very high transaction speeds. It’s the competition that keeps the network performing well.

Getting Started with Tron

So you’d like to join Tron, huh? Well, first of all, you need to decide how you would like to join it. The simplest, most direct way, to join is quite simple: to own and hold a few Tronix (TRX) tokens.

That enables you to participate from the moment your wallet is populated, and it gives you a few additional advantages. TRX holders can use the network’s dApps; they can vote for Super Representatives (current or candidates) and suggest changes to the protocol.

But maybe you have more of a creative personality, and you want to join as a developer — not a bad choice. Few blockchains are as friendly for developers as Tron because the network offers lots of resources for them to use and, you don’t need to learn any native programming language for Tron, as you do in other blockchains. You’ll find repositories of developer resources scattered all over the web, but you can also use Tron’s own guides.

But if you want to be a normal user or a developer, the first thing you need to do to join is to buy and use some TRX tokens. For that, you need a wallet that can hold TRX.

Getting a Tron Wallet

This is another advantage in Tron. Setting up a TRX wallet is quite painless, and you can find several links at the Tron website that will enable you to do that quickly and easily.

You just need to go to the website, find the Wallet webpage, and you’ll find all the options available for community-developed wallets. Some of them can hold Tron or Tron-based tokens only. But there are some (Ledger, for instance) that can hold other cryptocurrencies as well.

Among the choices when it comes to best Tron wallets, you’ll have are Ledger Nano S (which is not Tron, but it’s a popular, affordable, hardware wallet, Exodus, Trust Wallet. Those are multi-coin. Other options, more focused on TRX are Tron Wallet iOS, TronLink Chrome (which is especially popular) and iTRON Wallet.

All those options are safe, reliable and can be deployed from your desktop computer, your internet browser, a mobile device of your choice or even a hardware wallet devices which looks just exactly like a USB-stick.

If you’re on the developing side of things, you can even come up with your very own wallet to use with Tron Block Explorer. But you’ll have to be approved and listed.

We’ll tell you how to use a TRX wallet known as TronLink Chrome. There are several good reasons for that. First of all, this wallet is a Chrome extension, so installing it is a walk in the park, and it takes fewer than 60 seconds and clicking a few links (assuming Chrome if your browser of choice, of course).

  • You start here: https://tron.network/wallet
  • Find “TronLink Chrome” and click “Download.”
  • You’ll be redirected to a Google Chrome Extensions webpage. Click on the Add to Chrome button. Your browser will install the extension, and the TronLink icon will appear on your browser’s extensions bar.
  • Click on the icon. That will pop a menu that allows new users to create a password (which should be a strong one, ofc). Type it again for confirmation.
  • You’ll have to choose between restoring an existing TRX wallet or creating a new one. If you’re going to restore one, you’ll have to provide your secret key or phrase. But since we assume you’re new on this, we click on “Create Wallet.”
  • Create a username. A popup will tell you what conventions you should follow.
  • Come up with a 12-word phrase. That’s the secret phrase that will enable you to restore your account if you should need that in the future.
  • Tron will ask you to click on a series of words, in the same order as your key phrase. After that, you confirm, and you’re all set with a new Tron wallet.

And that’s when the game begins. Open your wallet again by clicking on your TronLink icon, and you’ll see a popup that lists your accounts, your wallet addresses, transaction history, Tron dApps, token balances and more.

TRONScan: So you want to find a node?

TronScan is Tron’s block explorer. It’s an interesting tool. You can think of it as Tron’s Yellow Pages meet Tron’s Annals. It lets you explore individual blocks, transactions, and addresses in the network.

If something has ever happened in Tron, it’s there somewhere. If a node is online, you can find it there too. This is probably for hardcore developers who like to find patterns in the network’s flow of information. Remember that tokens are also a form of information, so the financial flows in Tron can also be consulted there.

But maybe you’re just interested in finding a Super Representative node in the Tron network (you know, the guys who do all the hard work). That will allow you to create a node of your own so you can help a given node of your choice.

And according to each node’s specific policy on payment structures, you could be rewarded for sharing your resources. Let’s be clear about something: this is not mining, Tronix is not a minable digital coin, but the chain still needs new blocks to be created all the time. You could say that this is as close as Tron comes to mining, and you can join. And for that, you first need to choose a node.

Super Representative nodes welcome extra help with open arms because the DPoS system encourages it. If those nodes are not willing to spread the wealth a little, they will have a much harder time earning votes from TRX holders.

Here’s how you find a node near you (or anywhere else) in the Tron network:

  • You start at https://tronscan.org/
  • Click on the blockchain tab. It’s the one on the left side of the top menu.
  • You’ll see a dropdown. Click on “Nodes.”
  • You’ll see a zoomable map in which you can browse around the world and find SR nodes everywhere on the planet. This will help you to chose which SR you’d like to vote for and join.
  • Clicking on the map’s pins will show you each node’s IP address. Entering that address in the site’s search bar (top of the page) will tell you all you want to know: number of tokens in the node, number of completed transactions, uptime, efficiency, and other essential stats.

So you want to buy some TRX?

As mentioned before, this is how it all starts (once you have a wallet).

Justin Sun and the Tron Foundation have a very aggressive and adept PR and marketing policy for a good product. So TRX has become a popular cryptocurrency in a short time. By popular we mean that it’s listed in most of the world’s most important exchanges, but also in several that are not so famous.

If you know Huobi, OKEx, Upbit, or Binance, they all carry TRX. But these are all crypto-to-crypto exchanges, which means that you can’t use your fiat currency through your debit or credit card to buy coins there. To use those websites you already have to own a cryptocurrency (Bitcoin, most frequently) and then trade it for TRX.

So you’ll need to start with a crypto exchange that supports fiat-to-crypto pairs. That will need for you to sign up, verify your account, link your bank account or card to the website. Among the best sites for this kind of operation are Coinbase, Kraken, and Gemini, because they’re among the safest and more reliable in the market.

  • Once you have some cryptocurrency (BTC is the one that you can really trade everywhere), you’re almost there. Sing up for an exchange that includes TRX trading pairs (say, Binance). Verify your account. Find your BTC wallet for the site.
  • Click on “deposit,” and that will get you a deposit address for the Bitcoin network. Copy to your clipboard.
  • Then go to the site where you bought your BTC initially, find the “withdrawal” button or link. Paste the address and click “send.” They could ask you for confirmation using a Two-Factor verification device (usually your mobile phone). Congrats, you’ve made your first BTC to BTC transfer!
  • Now you need a bit of patience. Keep in mind that Bitcoin is not currently the fastest network in crypto, but it’s very reliable so the transfer will be done. But it could take a few minutes (10-30) and sometimes even more.
  • Once the BTC is in your Binance BTC wallet you need to find the TRX/BTC pair (not the BTC/TRX one, that’s what you would do if you owned TRX already). Most often you’ll find the link at the top of the site. Click on BTC to find the trading pairs based on Bitcoin. Then find the TRX/BTC pair and click on “Buy TRX” and enter the number of BTC tokens you want to convert to TRX. Click “Buy.” That’s it! Congrats now you own some TRX and can start using Tron’s dApps!

How to develop your own dApp

Feeling creative? Few other projects offer their developers more resources (in both quantity and quality). The first place to go would be https://developers.tron.network. Most of your questions related to software development on Tron are answered there, but you can also find other Tron devs to talk with and learn from their expertise.

What do you need to know? Well, anything you know in terms of computer programming is enough. When Tron launched its new Main Net, everything was Java only. Now, the TVM allows you to write code in any language of your choice, and the TVM executes it in Tron.

Lots of developers do the work on Ethereum because it’s been along for a longer time as a programmable platform, and then they just port the work to Tron so it can be integrated into the network. It could be more practical, but that’s up to every developer.

Once your app compiles using Solidity, you can use Yarn (which is free) to take your app to Tron.

Consensus: Here’s how it works

One of the most interesting aspects of owning TRX is the Super Representative electoral process. It has a huge turnover. In order to vote you need to freeze your TRX for some time.

Freezing your tokens is useful because that gets you two cryptocurrencies of sorts called “power” and “bandwidth” which you will need so you can dance around the network more comfortably. And, also, it gives you the right to vote.

Don’t worry about freezing your tokens. You can’t use them as long as they’re frozen, but you won’t lose them. And having some power and bandwidth in your wallet will make your life easier.

Here’s how it goes:

  • Go to TronScan, log in.
  • Make sure you have TRX in your wallet. You need just a single token, but you must have something.
  • If TronScan is not aware yet about your wallet, click on Open Wallet (top right) and enter your wallet’s private key. If you have it as a keystore file on your computer, that works too.
  • In your wallet click on “Freeze” and choose how many of your TRX you want to freeze.

The freeze lasts for 72 hours, and you can’t use them in the meantime. After those three days, you get your TRX will become available and active again. Go to the Tron SR tan, and click on Votes. The page will show you your balance of power, TRX, and a timer that’s counting down until the next round of voting begins. Only 27 nodes can be Super Representatives at any given time.

You’ll see who they are, and you’ll find links to their respective websites. In those websites, you’ll find out what’s each individual node’s policy about helpers. That way you can figure out which SR suits you better and vote accordingly.

Click on “Click here to start voting,” and that will show you a slider next to each SR and candidate. That slider represents the amount of power you want to use for voting, and who will get your vote.

If your candidate wins or remains an SR, you can join that node as a supporter and begin getting some rewards for helping the network.

Final thoughts

We hope we managed to be informative and, maybe, get you interested in one of the most innovative and exciting blockchain projects in the world today. The Tron community is very committed to the project and bullish about the token. In the worst case scenario, you’ll find a lot of exciting apps, have some fun, and pick some nice chats with fellow Tron members.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

The Best TRON Wallets to Keep Your TRX Tokens Safe

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TRON is one of the best cryptocurrencies in the crypto-space today. It is a decentralized blockchain platform that has lots of Dapps deployed on it. The Sun-led blockchain is very popular as its token is widely used around the world today.

TRON was initially launched on Ethereum’s blockchain network; however, the TRON network took a step forward by migrating from ERC-20 into creating its own MainNet in June last year. Due to the fact that TRON has relocated to its very own MainNet, it’s necessary to have TRX wallets that are highly compatible with the present MainNet.

Where to keep your TRX safe is a major concern today, and in this article, we will take a detailed look at the best TRON wallets to save your TRX tokens. Some of these wallets are PC, mobile, or web-based, and you will know how to use them very securely.

The Best Tron Wallets

  • TRON Android Wallet

The TRON Foundation itself has promoted the TRON Android Wallet. This is because it has a multi-functional setup, with an attractive user interface along with a TRON cold wallet structure. These features make it easy for users to store their TRX tokens securely.

However, this wallet is specially made for Android phone users only. It is encrypted by a passkey which can only be retrieved through a 24-word recovery key. This wallet is trendy because of its beautiful features.

  • Atomic Wallet (Multi-Wallet)

Atomic is a popular and very secure non-custodial Tron multi-wallet that enables managing over 500 other crypto coins and tokens in the app. Users can buy, exchange, and manage their crypto holdings in a well-protected and smooth interface.

Your private keys get generated from mnemonic. When you end up going with Atomic wallet, your funds’ security comes down to your very own hands entirely. Atomic is available for macOS, Windows, Linux, iOS, and Android.

  • TRON Chrome Extension Wallet (Browser Extension)

One of the best wallets this year is the TRON Chrome Extension Wallet. This wallet is user-friendly, and it is the best TRON wallet for Chrome users. This wallet is web-based, and you can store and receive your TRX very easily without being hacked as transactions safely.

Your TRX tokens are highly secured, and as per reviews of TRON wallets, this secure option has been highly recommended by many experts for TRON holders.

  • TRON IOS Wallet

This is one of the added wallets on TRON network. It is another mobile-based wallet as the Android wallet but is specifically built for IOS phones. The Tron Foundation backs this mobile wallet (through the loan).

Additionally, this wallet is an open-source wallet that has the ability to secure private keys. It has a beautiful and easy to use interface. It is important to know that this TRON wallet is among the most used wallets on TRON network.

  • Ledger Nano S (Hardware Wallet)

Hardware wallets like Ledger Nano S have strong encryption and are really hard to hack into. The Ledger Nano S is one of the top crypto hardware wallets in the cryptocurrency-space today.

It is portable, and it has a USB port you can use to connect to your PC. You can use this hardware wallet to store not only TRX tokens but more than 500 cryptocurrencies.

Since it is a hardware wallet, you need to install the Tronscan desktop wallet from Github, to store your TRX tokens.

  • Exodus (Desktop Wallet)

The Exodus is also one of the most secured wallets today. It is notably known for its beautiful interface. You can store different cryptocurrencies – not only TRX alone. Also, you can exchange your tokens using the built-in ShapeShift integration.

  • TRON Paper Wallet

The TRON Paper Wallet is also considered to be one of the safest methods to save your TRX tokens – together with the TRON Chrome Extension Wallet, due to the fact that token transactions on these wallets are only achieved offline.

With a paper wallet, your public and private keys are printed on paper, making your passwords offline. When you follow the instructions for using a Paper Wallet, it will be next to impossible for your tokens to be stolen.

  • Guarda Wallet

Guarda wallet was created to provide users with a better experience in the cryptocurrency industry. The wallet supports over 45 chains and over 10,000 tokens. The wallet has reiterated its focus on a multi-platform approach and has web, desktop, Google Chrome and mobile devices versions available.

Guarda also offers the multi-signature facility, staking, and support for privacy-oriented coins such as Monero and ZCash.Using Guarda, people will have the first-hand experience with an in-built exchange service as well as a lowered exchange amount for some cryptocurrencies trading pairs. Guarda, which already supports Tron based tokens, also allows users to buy Tron coins using an inbuilt purchase service.

Final Words

So you have it! These secure options retain the place of the “Top TRON Wallets” centered on TRON news, user-friendliness, security concerns, and compatibility. As you can see, we have placed different options: from mobile wallets to a paper wallet. For people who want to get the most secure and easy choice, you can use either the Tron Paper Wallet or the TRON Chrome Extension Wallet.

And of course, it is vital for individuals to choose only from the wallets mentioned above as they have been verified by the TRON Foundation.

However, no matter the type of wallet you have decided to go for, it is critical to keep up with solid practices like safeguarding your passwords and private keys at all times.

Editor’s Note: The article was updated on September 12, 2019, to include Atomic wallet on readers’ requests.

Image courtesy  Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.