Cronos (CRO) is a so-called utility token, and therefore, it isn’t the first cryptocurrency you’d think of when processing payments at an online casino. It is unique to Crypto.com and isn’t designed to be used as a conventional method of payment, like most altcoins. Nonetheless, it is possible to gamble using CRO, and we’ll show you how.
Cronos (CRO)
As touched on above, Cronos acts as a utility token. Put simply; this means that it serves a purpose (a very specific function) within a crypto ecosystem on the blockchain, as opposed to a conventional crypto coin like Bitcoin, which acts as a method of exchange. In most cases, CRO is used in smart contracts on an Ethereum-built blockchain. However, make no mistake about it, CRO can still be used in a conventional manner as a crypto asset that can be deposited into online casinos for gameplay and gambling purposes.
Cronos is a cryptocurrency that “can” be found at online casinos, even if most crypto betting sites don’t yet offer it. It is most commonplace at sports betting sites, although as many of these also run casinos, the two kind of go hand-in-hand. Some casinos permit CRO wagers, and others merely use it as a deposit and withdrawal method. It is particularly prevalent at online casinos that support high-stakes crypto gambling.
Cronos can be used to play online casino games on selected sites, with the array of games you can wager on varying depending on where you play, and the software providers involved at the crypto casino you’re looking at. However, CRO wagers have found great popularity in crypto sportsbooks, so that’s something to consider if you’re going to gamble with them online.
Here are the perks of playing with Cronos at crypto casinos:
Cronos is regarded as one of the top ten crypto ecosystems out there, worth around $2.8 billion. With that in mind, it can commonly be used to gamble at crypto betting sites, even if it may be unconventional to do so.
Because you can use CRO to process high-limit transactions and near-instantaneous withdrawals, it has become a suitable cryptocurrency for high-rollers who want to test their mettle in the online gambling sector.
There are downsides to using CRO at casinos, too, and we’ve emphasized those below.
Cronos can be used to gamble online, although it seems to be more popular with online sports bettors than bona fide online casino sites. Of course, many crypto sites give you a chance to enjoy both types of betting options under the same roof, negating this point somewhat.
There are better cryptocurrencies than Cronos for those who prefer to avoid fees and costs. Most of the casinos that we’ve come across that support it have costs for deposits and withdrawals, which isn’t true of many of its counterparts.
As always, we’re here with our five-point guide to choosing the best Cronos casinos. Here’s what you need to know:
If you’re struggling to find the ideal venue, any of these recommended Cronos casinos should fit the bill rather nicely:
Cronos may be an unconventional cryptocurrency for betting online, but you can obtain and use it in the same way as others. Here is our short guide to getting started:
Cronos is not the go-to cryptocurrency for betting at online casinos. However, can you use CRO to deposit and wager? Effectively, the answer is yes. We would encourage you to browse around for other cryptocurrencies before settling on this one, but if your heart is set on it, it is possible to gamble online with Cronos.
No, but it is gaining popularity as a decent cryptocurrency option to use at online casinos.
That is entirely down to the software provider behind the games and the casino.
They are in short supply, but some CRO-friendly casino welcome bonuses do exist, yes.
Yes. As a utility coin, it may not be practical with CRO, but it is certainly possible and safe.
No. In fact, CRO deposits and withdrawals are notable for having fees applied in many cases.