Tron is a cryptocurrency project aiming to be a decentralized content sharing platform. Tronix (TRX) is the currency used to interact with the platform.
Whether you are purchasing the currency in hopes of a price increase or want to collect some tokens to use on the platform, you have come to the right place.
This guide will teach you how to buy Tron with several different payment options allowing you to make an educated decision.
Tron is sold on the following exchanges:
|Exchange||Fees||Supported Countries||Payment Method|
|Binance||.05%-.1%||All||BTC & ETH|
|Bittrex||.25%||All||BTC & ETH|
If you own either of these currencies already, keep reading to learn how to buy Tron.
Before you can Buy Tron on Binance, you will need to create an account on the exchange. Binance is a great exchange to have an account on as it has the lowest fees out of all exchanges, and has fantastic security.
After signup, locate the deposit addresses for Bitcoin or Ethereum. This can be found by going to the navigation bar, mousing over funds and clicking deposits.
Type the name of the currency that you are depositing and its deposit address will be revealed. Copy the address of the currency you purchased in the earlier step.
We are going to use this address in the next step to send our Bitcoin or Ethereum to Binance.
In this example, I will be demonstrating how to send from Coinbase, but this should be pretty similar when sending from a different exchange or wallet.
Go to Coinbase and click the accounts tab, from here you can send cryptocurrency from Coinbases wallet.
Paste the address we found in the earlier step and click confirm. In a few minutes, usually between 20-30, your cryptocurrency will arrive to Binance.
Once your currency arrives to Binance, you will want to go to either the BTC/TRX or ETH/TRX trading pair, depending on what currency you initially purchased or owned.
To locate these pages go to the main page on Binance and click the ETH or BTC tab. Type TRX in the search bar.
Once you find your pairing, you should come to a page like this:
From here, you can enter a limit or market order on the bottom middle of the page.
Market orders allow you to buy any amount of currency at the going rate. Limit orders let you specify conditions and will only execute when the conditions are met.
If you are new to cryptocurrency, it may be best to just do a market order.
After your order has been filled, you have successfully purchased Tron!
In order to buy Tron (TRX) on Bittrex, you will need to first make an account.
After an account is made, click the wallets tab on the top of the navigation bar.
Click the green circle with the arrow to reveal your deposit address.
Your Bittrex Bitcoin deposit address will be displayed. Copy this address, because we will need this in next step to send Bitcoin to Bittrex.
Check the Binance tutorial above to learn how to send a transaction from Coinbase.
After having a balance on Bittrex, head to the corresponding pairing. This example will use the BTC/TRX trading pair. You should see something like this:
Once your order has filled, you have successfully purchased Tron!
Tron cannot be directly purchased with credit and debit cards. First, you should buy Bitcoin or Ethereum with a credit or debit card on an exchange like Coinbase, and then you can send the Bitcoin or Ethereum to an exchange that sells Tron like Binance.
In order to buy Tron with a bank transfer or wire, you need to first purchase Bitcoin or Ethereum on a fiat exchange using your bank account. This can be done on an exchange like Coinbase. Once the purchased currency arrives to your wallet, you can then send it to an exchange discussed above such as Binance.
Tron can be purchased with Paypal, but it requires you to buy Bitcoin on the exchange Virwox first with Paypal balance. Read our guide on how to buy cryptocurrency with Paypal. Afterward, you can send the purchased Bitcoin to an exchange listed above like Binance.
Before you can buy Tron, you need to first buy Bitcoin or Ethereum. Bitcoin and Ethereum can be purchased with Skrill and Neteller on Bitpanda. After purchasing either of those currencies, send them to an exchange that sells Tron like Binance.
In terms of trading fees, Binance is the cheapest exchange to buy Tron on by far. They offer .05% trading fees when their native coin Binance Coin is used to make the purchase. In addition to low fees, Binance has some of the best security out of any exchange.
Most people leave their Tron on an exchange. While this is the easy choice, it is not the safest. Look no further than the official Tron wallet.
Both exchanges mentioned above allow Tron to be purchased from US citizens. Binance would be there better exchange to use due to their lower fees, but both will work great!
Binance has an app for iOS and Android, making it easy to buy, trade and sell Tron from your mobile device. If you need to obtain Bitcoin or Ethereum first to buy Tron, Coinbase also has a mobile app.
Tron has a circulating supply of 65 Billion, which is what makes its price so low. Compared to Bitcoin’s circulating supply of 17 million, Tron has a huge circulating supply. This isn’t necessarily a bad thing, but it is easy to fall victim to unit bias.
The best indicator to look at for a coins value as market cap, as it takes into account the circulating supply and current price.
Tron is lead by Justin Sun, after holding an ICO that raised over $70 million in 2017. Other team members are around the world in locations like Tokyo, United States and Beijing.
A lot of people speculate that because of Justin Sun’s connection with Jack Ma (founder of Alibaba) that they are one major partnership away from a millions of users.
Tron is attempting to completely change the way the Internet operates. Currently, the internet is very centralized and controlled by central figures. With Trons protocol, they plan to remove third parties from the equation through the use of blockchain technology.
Tron recently bought Bittorent for $140 million! While it is unclear how Tron plans to use Bittorent, it most likely will leverage the peer to peer network Bittorent enables to help them reach their goal.