Tron’s Tronix (TRX) has gained much popularity amongst other cryptocurrencies. The coin listed on more than 130 exchanges, has the distinction of offering its world-class wallet. TRX also acts as the fundamental unit of account for the Tron blockchain. Hence, if you want to learn how to buy Tron, we’d show you on this page.
Meanwhile, you can liken Tron to a next-generation social media platform since the Tron crypto ecosystem allows you to create and share content with anyone, anywhere. Unlike social media sites like Facebook and Twitter, the Tron cryptocurrency ecosystem pays you back for the data and content you develop.
Additionally, TRX’s decentralized distributed storage tech provides the liberty of building and uploading content directly into the Tron network without the concern of being edited by big tech corporations like Google, Youtube, or Spotify. If you want to learn how to buy Tron yourself, use our step-by-step guide to start.
What Is Tron?
Tron is a scalable, decentralized blockchain developed for entertainment, gaming, and social media. Tron connects content creators directly with their audience without the need for intermediaries or centralization.
Furthermore, the Tron blockchain mainnet native token is TRONIX (TRX) and fuels the platform’s peer-to-peer payments network. Users can send Tron (TRX) instantly and cheaply, then earn rewards from staking Tron.
Meanwhile, Justin Sun founded the none profit Tron Foundation In 2017. Additionally, the company is based in Singapore and has 1 of the world’s fastest-growing public blockchains, boasting over 1.3 billion transactions and 16 million accounts.
Where Can I Buy Tron?
Currently, they exist myriads of platforms and brokers that enable one to buy Tron as it has become so popular. Among a few of them includes the popular crypto.com, Binance, Kraken, eToro, Gate.io, etc.
Nonetheless, after buying your Tron from the crypto exchange you can send it to a more secure wallet for storage. They also exist several kinds of crypto wallets. If you have curiosity about the different types of cryptocurrency wallets you can see them below;
#1. Hot wallets
Hot wallets are generally very accessible types of wallets used on devices that connect to the internet. Although it gives the least amount of security, Tron software wallets are an example of this type of wallet. They can easily be downloaded at no cost.
#2. Hosted Wallets
The Hosted wallet allows you to hold your digital currency on the third party like a crypto broker’s, or an exchange’s server. We call this type of wallet-hosted wallet because the host conserves control of the keys to your cryptocurrencies. Such wallets may have security problems from the threat of hacking.
#3. Cold Wallets
Cold wallets consist of hardware wallets that hold cryptos offline. This type of wallet provides the highest level of security since they hold your coins on a device not connected to the Internet. However, this type of wallet can be prone to physical loss if you misplace the hardware.
#4. Decentralized Wallets
This type of wallet allows you to send or receive cryptocurrency in a wallet anywhere in the world. Decentralized wallets remove 3rd party risks related to hosted wallets.
How To Buy Tron
Time Needed : 5 minutes
Carefully follow the steps below to learn how to buy Tron (TRX) for yourself.
Search CoinMarketCap to see brokers you can buy TRON and with which currencies.
First things first, you need to know exchanges or brokers that allow you to buy from. Meanwhile, CoinMarketCap shows a list of buying options (also known as market pairs).
To do this successfully, go to CoinMarketCap and search for TRON. Then, tap on the button tagged “Market” close to the price chart. From there, you will find a complete list of places you can buy TRON as well as the currencies you can use to do that. Ensure to do your research. Different platforms have different security systems and reliability.
Open an Online Account
Now, register and open an online account with your chosen broker or crypto exchange. Carefully follow the instructions that appear on your preferred broker, and ensure to verify your account.
Buy Your Tron
After the account registration and verification, you can now buy your Tron and ensure it is secure.
Buy a Wallet
After purchasing your Tron with an exchange or broker, you’ll need a crypto wallet to store your cryptocurrency in. Yes, some exchanges and brokers enable you to store your crypto in your wallet. However, your investment may not be as safe as keeping your coins in your wallet.
What Can You Purchase With Tron?
You can use Tron (TRX) to make peer-to-peer transactions across the Tron platforms and ecosystem of DeFi apps. While we also recognize using Tron to engage with your favorite artists and content creators to reward them for their work.
Additionally, you can also trade Tron with crypto brokers . While users can also stake TRX to receive interest in the form of Tron tokens as ROI.
Frequently Asked Questions About How To Buy Tron
Is it safe to buy Tron?
It is safe to buy Tron, but where you save them matters. Because you’d Tron on the internet, which makes it even easier to steal and much harder to return and trace. However, Tron itself is secure but only as secure as the wallet storing them.
So, likewise in any other investment, you have to prioritize securing your assets. They exist Ledger hardware wallets integrated with Ledger live designed to help you secure your Tron and other cryptocurrencies.
Can I buy Tron with credit / debit card?
Yes, you can buy Tron with a credit or debit card depending on the crypto exchange. Exchange like Coinbase, Binance, Coinmama, etc allows that. Meanwhile, you’d first need to create a Tron wallet (an account) and ensure it becomes approved before you can buy it.
Is it worth buying Tron (TRX)?
By buying Tron you will gain access to a decentralized ecosystem developed for entertainment, social media, content creation, and, gaming. Therefore, it all depends on what is worth it for you.
Finally, we know that the digital currency market is still in the growth process, so investing in TRX sooner instead of later would probably be an intelligent move if you think long-term appreciation seems reasonable. So, you better learn the steps above on how to buy Tron.
Additionally, Tron’s network and ecosystem also show significant commitment as the next step in social media, and its mainnet native TRX digital coin appears like a viable and cheap cryptocurrency.