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How To Buy TRON (TRX)

A complete guide on how to Buy TRON (TRX) on different exchanges and brokers. Also Learn how to buy TRON (TRX) using different methods like credit cards, and debit cards.

Author: Alex Waick Last updated: 20/10/2021

Introduction

This article will tell you everything else you need to know about investing in TRON tokens and how to buy TRON (TRX). We will even help you find the best places to buy TRON (TRX) coins and set you up with a step-by-step guide on how to buy your first TRX token on these platforms.

TRON was created by the non-profit organization TRON Foundation in 2017. Four years later, it has morphed into one of the fastest-growing and most popular blockchain technologies. Its user base has also been on the rise and it has an overall net-positive return on investment (ROI). Moving forward, analysts expect the TRON coin prices to continue rising and possibly earn its investors massive profits shortly.

This has presented both long and short-term crypto investors with a reason to buy TRON (TRX) tokens. But what is TRON blockchain and TRON coin really? How is it different from other blockchains – especially Bitcoin – and how has the TRX coin performed in the past? Importantly, how do you buy TRON globally and what are the best places to buy the TRON coin today?

Top Five Platforms Where You Can Buy TRON (TRX)

  • Min Deposit: $200
  • Number of Coins: 20+
  • Supports Multiple Languages
  • Regulated by FCA, ASIC & CySEC
  • Paypal, Debit & Credit Card Accepted
BankCard CashGiro PayMastercardNetellerPayPalSkrillUnionPayVisaWire CardYandex
Visit eToro

Capital At Risk

  • Min Deposit: 20 $£€
  • Number of Coins: 12+
  • Regulated by FCA & CySEC
  • Place Buy & Sell CFDs Orders
  • Low Minimum Deposit
MastercardNetellerPayPalSkrillUnionPayVisaWire Card
Visit Capital.com

78.77% of retail cfd accounts lose money

  • Min Deposit: 1 $£€
  • Number of Coins: 50+
  • Regulated by SEC, & FinCEN
  • Place Buy & Sell CFDs Orders
  • Low Minimum Deposit
Giro PayMastercardNetellerSkrillUnionPayVisaYandex
Visit Coinbase

Capital At Risk

  • Min Deposit: 1 $£€
  • Number of Coins: 1500+
  • High Number of Coins
  • Accepts Fiat Deposits
  • Trade on Spot and Futures
Card CashMastercardSkrillWire Card
Visit Binance

Capital At Risk

  • Min Deposit: 1 $£€
  • Number of Coins: 50+
  • Highly transparent exchange
  • Competitive Bitcoin trading fees
  • Highly secure
Card CashGiro PayMastercardUnionPayVisa
Visit Kraken

Capital At Risk

A Three-step Guide on How to Buy TRON (TRX) Instantly

Step 1:  Create an account

Start by creating a user account with a brokerage/exchange that supports TRON. We have multiple options that we’ll be detailing later on in the post. This should be simple, and straightforward, and should only take a few minutes of your time.

We will also be telling you about the factors that you need to consider when looking for the best trading platforms to buy TRX tokens.

Step 2: Fund account

With everything in place, it’s now time to fund your account. For this, you’ll have multiple options depending on the broker or exchange you’re using and your country of residence. The most common deposit/withdrawal options include credit/ debit cards, PayPal, bank transfers, eWallets (Skrill, Neteller), and cryptocurrencies.

Step 3:  Buy with or without leverage

Depending on your preferred platform and preferred investment strategy, you can choose to make your purchase with or without leverage. When buying TRON with leverage, you are essentially trading TRX CFDs or other TRX derivatives like TRON futures contracts. The TRON derivatives are in most cases offered by crypto brokerages

When buying without leverage, you are essentially buying and assuming ownership of the TRON coins. In such a case, you will be provided with private keys that give you ownership and control over these coins. These are offered on crypto exchanges.

What is TRON (TRX)?

TRON is a highly decentralized crypto trading platform and one of the fastest-growing blockchain technologies which were designed with the aim of decentralizing the web. It is a blockchain-powered platform on which cryptographers can develop, host, and execute DApps and other protocols. Its design borrows heavily from the Ethereum blockchain network – so much so – that it has been accused of plagiarising the Ethereum codebase.

The TRON network, however, sets itself apart from Ethereum when it comes to purpose and functionality. While Ethereum has the ETH tokens powering transactions on the Ethereum network, the TRON network is powered by the TRX tokens. Similarly, while Ethereum blockchain seeks to democratize the internet, TRON has set its target on the entertainment industry.

It has come up with a platform that gives artists and content creators the opportunity to have near-absolute control over their craft – right from creation to distribution and monetization. Through TRON, artists can share their content with listeners all across the world and get paid directly via the TRX tokens.

This revolutionary technology was created by the Singapore-based TRON Foundation and launched in September 2017, under the stewardship of Justin Sun. Today, the TRON network has turned into one of the fastest-growing technologies, boasting over 46 million users and $2.2 Billion worth of transactions.

How is TRON (TRX) Different From or Similar to Bitcoins?

The TRON network and Bitcoin are both blockchain-powered ecosystems. Just as the Bitcoin blockchain has Bitcoin tokens facilitating transactions within the platform, the TRON network has the TRX token. But the two are also quite dissimilar when it comes to their design and how they work. Here are four of their key differences.

TRON (TRX) Historical Price Performance

According to CoinMarketCap, the TRON network ended its first day of trading – 14th September 2017 – valued at $0.001427. Its launch coincided with a rallying crypto market, which helped accelerate the growth of this token’s prices. By mid-December, the TRX coin reached $0.018.

Throughout the month, TRON token carried on with the rally and peaked on 5th January 2018 when it reached $0.3004. But soon, the market started correcting downwards and so the cryptocurrency prices – including TRON coin – came plummeting. By March, the coin prices had dipped to $0.028.

It would, however, attempt another rally in May 2018 which saw its prices climb and reach  $0.09. But the momentum was weak and the rally was short-lived as it quickly reversed and forced TRX to the low price levels seeing that the altcoin started December 2018 trading around $0.01. For the next 24 months, the altcoin would continue recording these depressing prices and found it hard to break above $0.03.

This, however, changed in early 2021 when yet another crypto rally helped incite TRON token prices. In the first week of Feb 2021, TRX broke above $0.3 and sustained this uptrend to help it reach $0.1799 on 15th April.

Today, the crypto market rally has waned off and is pulling down the TRON token prices. It is currently trading around the $0.05 price level with a market capitalization of $3.8 Billion and is ranked 26th on the list of largest cryptocurrencies by CoinMarketCap.

What Factors Influence TRON (TRX) Prices?

How to Invest in TRON (TRX)

There currently are three primary ways in which you can invest your TRON tokens. Let us go through each in brief below.

Buy and hold

Buy and hold is a long-term investment strategy where a crypto trader/investor purchases TRON tokens and holds on to them for eternity. Also known as HODLers, buy-and-hold investors buy into TRON with the conviction that TRX token prices will eventually rose again and rise to parabolic heights. They, therefore, hold on to TRON in anticipation that it eventually soars and hits these heights. The confidence in the coin’s future means that they aren’t worried about the short-term dips and the volatilities they may face along the way.

TRON CFD Trading

Trading CFDs is yet another common way of investing in cryptocurrency, and TRX isn’t an exception. Here, you’ll trade TRX by speculating its price movements. The good thing about crypto CFDs is that you can trade any market direction. Therefore, buying will prove just as accessible as selling. All this while you don’t really need to own the underlying asset, TRX in this case. You only have to decide if you want to open long or short positions based on your price predictions.

Day Trading TRON

When day trading TRON, you are practically opening and closing as many TRX trades in a day as you possibly can. Most of these only remain open for just a few seconds or a few minutes and closed as soon as they become profitable or start making losses. And you can choose to day trade actual TRX tokens or simply sell and buy TRON CFDs that allow you to trade both uptrending and downtrending TRON prices.

How to Buy Tron (TRX) Coin Guide

Now you understand how TRON works and the difference between TRON and Bitcoin. We now need to look at the different ways to buy the TRON token.

Buy TRON (TRX) With eWallets (Skrill, Neteller)

eWallets are the most common way of getting your hands on TRON. The process of buying TRX with eWallets (Skrill, Neteller) is easy and inexpensive. Plus, eWallets are also highly convenient and mostly safe.

When buying TRONon eToro with eWallets (Skrill, Neteller) the broker won’t charge you a deposit fee. You only have to pay the variable transaction processing fee charged by the payment service provider.  The deposit process is also rather straightforward and the minimum you can deposit on eToro is$200.

Buy TRON (TRX) With Credit/Debit Card

Credit and debit cards are some of the most popular ways of paying for TRON coins. Most crypto traders prefer using them because they are convenient, carry competitive trading fees, and are easily accessible. They are also supported by many exchanges and brokerages across the world – including eToro.

To buy TRON on eToro with credit/debit cards, you will need to deposit at least $200 into your trading account and open a trade with a minimum of $25. The maximum you can deposit with cards is $10,000 and the minimum you can withdraw is $30 with a withdrawal fee of $5.

Buy TRON (TRX) With PayPal

You can also buy TRON with PayPal. This payment method is preferred by most traders/investors because it is user-friendly, accessible, and inexpensive. Like other eWallets deposits into eToro and most other crypto exchanges/brokerages, you won’t be charged a deposit fee, just the normal transaction fee charged by brokers.

The deposit minimum is $200 ($50 for eToro US clients) and the minimum trading amount is $25. Note, however, that the payment method is only available to residents of countries where both eToro and PayPal are supported.

Buy TRON (TRX) With Bank Wire

Bank wire is also a payment option worth exploring. It is also easily accessible and quite user-friendly. When buying TRON with Bank wire on eToro, however, note that the minimum initial deposit is set at $500. Additionally, bank transfer processing takes longer and it may take between 3and 7 business days before the funds reflect in your trading account.

Buy TRON (TRX) anonymously (without ID verification)

You can buy TRON anonymously (without ID verification) on eToro. But the service is only available to individuals from a few countries and the maximum you can deposit into an unverified account on eToro is $2250.

What are the Pros and Cons of Buying TRON (TRX)?

Pros

Cons

What Do You Need Before You Can Start Buying TRON (TRX)?

Ready to add TRX to your portfolio? This is what you need before you can start buying TRON.

Trader account

You will first need to register a trader account with a crypto trading platform that supports the buying and selling of TRX coins. Most of these will require that you verify your identity before you can start buying TRON coins.

Investment capital

How much do you wish to invest in TRON? What have you set aside for the trade? In most cases, the crypto trading platform will determine the minimum you can commit to a trade. On eToro, for instance, the minimum trade amount is $25.The maximum will, on the other hand, be determined by your investment goals, choice of deposit method, and your disposable income.

TRX Wallet

So, where do you plan to keep your newly acquired TRX? Remember that the investment process doesn’t end with buying. You’ll also need somewhere safe to keep your coins. Before you begin buying TRX coins, get a highly secure crypto wallet that supports TRX tokens.

This could be a free wallet provided by crypto trading platforms, free third-party wallet apps, or premium and ultra-secure crypto wallets.

How Much Do You Need To Start Buying TRON (TRX)?

The decision on how much to invest in TRON or any other cryptocurrency is personal but should be informed by a host of considerations. These include your investment goal, your investment strategy, the amount of disposable income, your risk tolerance, and the minimum/maximum trade limits set by your preferred TRON trading platform. You also need to take your crypto trading experience into account.

Where Can You Buy TRON (TRX)Today?

There are multiple crypto trading platforms where you can buy TRON. These include cryptocurrency exchanges like eToro and Binance, brokerages like Capital.com, peer-to-peer trading platforms, crypto apps, and even crypto wallets that let you convert other cryptocurrencies to TRON.

Working with an exchange gives you the chance to buy and sell actual TRON coins. This means that you are presented with private keys that give you ownership and absolute control over the use of the coins.

When buying TRON at a brokerage, you will most probably be trading the altcoin’s derivatives. These could range from TRX futures contracts to TRON CFDs.

How to Buy TRON (TRX) at a TRON ATM?

You can also buy TRON coins at a crypto ATM -just as you would Bitcoin, Etherum, and Litecoin. But unlike Bitcoin ATMs that are available in all major cities in the world, TRON ATMs are few and currently only available in select cities across the world.

Here is the step-by-step guide on how to buy TRON at a TRON ATM.

  1. Use the crypto ATM locator website to locate a TRON ATM near you.
  2. ِfter finding the ATM, choose to buy TRX coins on the ATM screen and enter the amount of TRX you wish to buy. In most cases, the ATM will need to verify your identity by either asking for your phone number or scanning your identification document.
  3. It will then ask you to scan the TRON address where you would like the purchased TRON tokens delivered.
  4. Insert the fiat cash you want to buy TRX coins with.
  5. Confirm that the transaction is correct, confirm the TRON Token purchase, and wait for the coins to reflect in your wallet.

What to Look for in a TRON (TRX) Trading Platform?

The trading platform you choose to work with will play a big role in the success or failure of your trading journey. You, therefore, want to make sure you properly vet your trading platforms and pick only the best.

Here are a few crucial elements you should watch out for.

Transaction fees

What fees does your TRON trading platform charge? Does it maintain hidden fees and non-trading charges? These are the most important questions to ask yourself before committing to work with any platform. Are the fees justifiable?

Remember, different brokers charge different amounts in fees. You will, therefore, want to compare the fees of different platforms before settling on one. While at it, don’t only concentrate on what you pay.

Supported payment methods

Choose a broker that supports the method of payment you plan to use. Some of the most common payment methods supported by TRON trading platforms today include e-wallets like PayPal and Skrill, credit/debit cards, and wire transfers.

Beginner Friendliness

All the powerful tools a broker should also be easily accessible. Therefore, a friendly user interface is a must-have for a good crypto trading platform. Pick a platform where you can easily and conveniently carry out such actions as depositing, withdrawing, and placing orders. Nothing should be complicated, even to a newbie.

Reputation

What are people saying about your chosen platform? Before settling for a broker, it’s advisable to go over the user reviews. Online forums are among the best places to look at what other traders’ experiences with the platform you plan on using are. Check how they rate the platform’s customer support, reliability, and security.

1. eToro – Best for Social Trading

Number of Coins: 20+
Margin Trading: YES
Minimum Deposit: $200
Visit eToro

Capital At Risk

eToro has made a name for itself in the trading industry. Since its establishment in 2007, the broker has been setting industry standards, by providing a safe place for both novices and experienced traders to interact with different investment products, including TRON tokens.

The broker is a multi-asset platform offering and currently allows users to buy TRON tokens or margin trade TRON CFDs. You’ll need to deposit a minimum of $50 if you are currently residing in the US, or $200 if residing outside the US before you can start trading on eToro.

eToro is a fully regulated broker licensed by top financial agencies including the FCA, CySEC, and ASIC. It features an all-popular social trading tool that allows beginner and pro traders to interact. Beginner traders get to use its copy trader tool to copy winning trades from pro traders and earn while they learn how to trade.

Buying TRX on eToro is a straightforward process, and will only take you a few minutes. The broker also accepts multiple payment methods including PayPal, Skrill, Neteller, BPAY, Apple Pay, Swift, Visa, Venmo, Union Pay, Apple Pay, Web money, Yandex money, and wire transfer.

eToro also features a demo account with which you can use to familiarise yourself with the trading platform and perfect your trading skills.

Pros and Cons of Buying TRON (TRX) on eToro

Pros

Cons

Step by Step Process of Buying TRON (TRX) on eToro

  1. On the official eToro website, you’ll see the ‘Join Now’ button, click on it to get started.
  2. The next step involves filling in your basic details and verifying your identity. You’ll have a sign-up form for your details.
  3. Upon successful verification of your account, you can move to fund it. You’ll see the ‘Deposit Funds’ button. A window will then pop up prompting you to choose your preferred currency and specify how much you wish to deposit.
  4. You’ll then be required to choose your preferred method of payment. eToro accepts multiple methods including PayPal, Neteller, Skrill, credit/debit card, even wire transfer. Choose one and hit the ‘Deposit’ button to complete the transaction.
  5. You’ll see the Trade Markets button on the left pane. Hit on crypto and find TRX. Click the Buy button and proceed to customize the trade by specifying the amount of TRX tokens you wish to buy.
  6. Authorize the purchase by clicking on the “Open Trade” button.

Note: To transfer these TRX coins to another wallet or exchange, you first need to move them to the free eToro mobile wallet app provided by the crypto brokerage.

2. Capital.com – Best for CFD Trading

Number of Coins: 12+
Margin Trading: YES
Minimum Deposit: 20 $£€
Visit Capital.com

78.77% of retail cfd accounts lose money

Capital.com is a CFD specialist platform that lets you trade your favorite cryptocurrencies, including TRX, without actually owning them. The fact that it is a CFD trading platform also implies that you get to trade either market direction and profit from both rising and falling TRON prices. Further, you also get to open these trades with leverages of up to 2X your trading capital.

What sets the broker apart is its AI-powered platform that’s highly user-friendly and is aimed at both beginner and experienced traders. We also can’t overlook the highly personalized trade insights that Capital.com provides clients based on their trading history.

The broker also maintains a highly competitive and transparent fee structure. Here, you won’t be charged for deposits or withdrawals. There won’t be any other hidden costs and it lets you view all the fees affecting your trade before you press the buy/sell button.

The broker also provides all clients with a free demo account. Beginner TRON traders can use it to learn the trade and familiarise themselves with the platform while experts can use it to develop and perfect different strategies.

Pros and Cons of Buying TRON (TRX) on Capital.com

Pros

    • Competitive spreads: Capital.com charges you relatively low spreads when you buy TRX CFDs on their platform. The overnight fees are also quite competitive.
    • Secure: Capital.com is a highly regulated broker registered in multiple financial jurisdictions across the world. It has also placed multiple security features to keep your deposits and personal information safe.
    • Resource-rich trading platform: Capital.com integrates highly advanced trading and analytics resources as well as risk management tools that ease the TRX CFD trading process on the platform.
    • Fast order processing: Capital.com guarantees some of the fastest order execution speeds.

Cons

  • AI tools could overwhelm a novice trader: The AI-powered trading platform could be overwhelming to crypto trading newbies.
  • Low leverage: One may consider the maximum leverage of 1:2 offered byCapital.com to be quite limiting.

Step by Step Process of Buying TRON (TRX) on Capital.com

  1. Log on to Capital.com’s official website and hit on the ‘Trade Now’ button to get started.
  2. You’ll be prompted to enter a valid email address and password before you begin the registration process.
  3. The next step would be to fund your account. You’ll see a ‘Fund Account’ button on the page. Click it. You’ll be prompted to choose a method of payment. You’ll have a couple of options to explore here. Stick on ones that are cheap and fast.
  4. Head on the search box and find TRON. You’ll also explore the trading pairs available for TRX.
  5. Once you’ve chosen your trading pair, hit on the ‘Trade’ button. Here, you’ll be shown everything the trade will cost you. When you are ready, hit on the ‘Buy’ button at the bottom of the page.

Note: Capital.com offers only CFD trading on cryptocurrencies. You, therefore, will not be able to transfer the purchased TRX tokens to another crypto wallet or exchange

3. Coinbase – Best for Beginners

Number of Coins: 50+
Margin Trading: No
Minimum Deposit: 1 $£€
Visit Coinbase

Capital At Risk

Coinbase is a U.S-based cryptocurrency exchange that started in 2012.  It is currently ranked among the most reputable, most secure, and most reliable crypto trading exchanges. In April 2021, it became the first, and only so far, cryptocurrency exchange to go public.

Coinbase also comes off as one of the easiest crypto exchanges to use for beginners traders/investors. Here, the account creation process is quite straightforward and it ushers you into one of the most intuitive trading platforms. Because it is a registered and highly regulated trading platform, all users are required to verify their identity, meaning that there is no option of purchasing your TRON(TRX) anonymously on Coinbase.

Additionally, the exchange supports a wide range of payment options, including eWallets(Skrill and Neteller), PayPal, wire transfers, credit and debit cards. And while the initial deposit on Coinbase using the different methods is $50, the minimum trade amount is $2.

Pros and Cons of Buying TRON(TRX) on Coinbase

Pros

  • Intuitive interface: Coinbase simplicity makes it an easy-to-use crypto exchange with a beginner-friendly interface.
  • Low trade limits: You can start buying TRON coins on Coinbase for as little as $2.
  • Highly liquid: The high number of traders registered on the platform provide Coinbase with deep liquidity to facilitate even the largest TRON orders.
  • Resource-rich platform: Coinbase offers plenty of educational and research materials to guide you on TRON investing.

Cons

  • Complex fee structure: Fees vary across multiple geographical regions and present a complex billing structure.
  • Blocked accounts: Coinbase has been accused of freezing and closing user accounts arbitrarily.

Step-by-Step Process Of Buying TRON (TRX) on Coinbase

  1. On the official Coinbase platform, click on the “Get Started” button to start the registration process.
  2. A registration form appears for you to fill in the details for verification. Verify your identity (mandatory) information and finish with “Create Account.”
  3. Coinbase will send a verification email to confirm your account details. Once verified, tap the “Portfolio” option and click on “Deposit Funds” to make a deposit. Coinbase offers you different payment options, including wire transfers, eWallets, credit and debit cards. Pick from the payment options and follow the prompts to deposit to your Coinbase account.
  4. Click on the Trade button then select TRON (TRX) from the list of supported cryptocurrencies to start the trade and Customize the trade by entering the amount of TRX you wish to buy.
  5. Click on “Buy TRON (TRX)” to authorize the purchase.

Note: Coinbase will deliver the purchased TRON coins into your in-exchange wallet that stores 98% of all client assets in offline vaults. You can, however, move it to the free and non-custodial wallet app for onward transfer to other crypto wallets and exchanges. 

4. Binance – Best for Low Fees

Number of Coins: 1500+
Margin Trading: YES
Minimum Deposit: 1 $£€
Visit Binance

Capital At Risk

Binance is currently the largest crypto exchange in the world by transaction volume and number of registered users. The exchange currently reports a $2 billion daily average trading volume despite the fact that it is a relatively new exchange – having been founded in late 2017 by Changpeng Zhao.

The crypto exchange features one of the most interactive and resource-rich user interfaces. Plus, it maintains some of the most competitive crypto trading fees. Binance doesn’t maintain hidden charges, does not charge trade commissions when you buy TRON coins here, and maintains a highly transparent fee structure.

When buying TRON on Binance, you have the option of using the Binance web trader, the Binance desktop app, and the Binance mobile app. The purchased altcoins will then be stored on a highly secure in-exchange wallet provided for free by Binance. But you can also choose to move them to the equally secure Binance-linked Trust mobile wallet app.

On Binance you have the option of buying TRX  coins with cash via credit/debit cards or through integrated third-party fiat-to-crypto exchanges. And the minimum you need to open a TRON trade on Binance is $1.

Pros and Cons of Buying TRON (TRX) on Binance

Pros

  • Low trading fees: Binance is known for maintaining one the lowest crypto trading fees in the crypto space. And you also get to enjoy a 25% discount on this fee when you pay with BNB coins.
  • Top-class trading platform: Binance hosts a rich and reliable trading platform that is rich in advanced trading and research tools.
  • Liquid: The large customer base provides TRON platform users with deep liquidity that makes it possible for the exchange to fill large TRX orders fast.
  • 24/7 customer support: The Binance customer support team is highly responsive and available around the clock via email, live chat, and social media platforms.

Cons

  • Not ideal for beginners: The Binance platform and the advanced trading platforms integrated here can prove overwhelming for new traders.
  • No phone support: Despite having reliable 24/7 customer support, Binance does not provide phone support.

Step by Step Process of Buying TRON (TRX) on Binance

  1. Head over to Binance’s official website. Hit on the register button and enter your email address and set a password.
  2. You’ll be required to undergo a KYC process. Here, you’ll need your name, address, and other basic details. You’ll also be required to verify our account by uploading your ID, valid driving license, or travel passport.
  3. Hit the ‘Buy crypto’ button on your dashboard to fund your account. You’ll then be prompted to choose your preferred currency and method of payment. Choose to buy TRON with a credit/debit card.
  4. Specify the amount of TRX tokens you’d wish to purchase and enter your card details, including the name on the card, card number, expiry date, CVV.
  5. Hit continue. On the next screen confirm that the transaction details are correct and hit the send button to authorize the purchase.

Note: The purchased TRON will be deposited in your Binance trader account. But you are free to move them to a third-party digital wallet or exchange, or the Binance linked Trust mobile wallet app. 

5. Kraken – Best for Security

Number of Coins: 50+
Margin Trading: YES
Minimum Deposit: 1 $£€
Visit Kraken

Capital At Risk

Kraken is a crypto industry veteran, carrying with it over a decade of active involvement with the crypto market. The exchange has, for the longest time, been the ultimate choice for traders/investors looking for a safe crypto trading environment.

Kraken takes security seriously, and that’s why they’ve been voted multiple times as one of the safest and most trusted exchanges globally. It has put in place multiple security safeguards aimed at guaranteeing maximum safety and security of your deposit and personal information. And one of these includes being the first exchange to conduct a proof of reserves audit and share the findings with the public.

You can buy TRON coins on Kraken for as little as $1. But to start buying TRX on Kraken, you have to reside in one of the 180+ countries where the exchange has an established presence, register a trader account here, and verify your identity. You may also choose to buy TRX coins on the Kraken or Kraken PRO.

Pros and Cons of Buying TRON (TRX) On Kraken

Pros

  • Highly secure: Kraken is considered one of the most secure exchanges today. It features high-security measures, including two-factor authentication so your funds stay safe
  • Reasonable trading fees: Kraken is highly transparent with its fees and charges and also maintains highly competitive crypto transaction charges.
  • Trustworthy: Kraken has earned the reputation of being the safest crypto trading platform and was the first large exchange to conduct and publish the results of its proof of reserves.
  • User friendly: Kraken also maintains one of the most user-friendly trading platforms with rich trading tools that appeal to both beginner and pro-crypto traders.

Cons

  • No wallet services: Kraken, unlike its peers, does not provide its platform users with non-custodial wallet services.
  • Sluggish customer service: Kraken customer support has been accused of dragging its feet in verifying client accounts.

Step by Step Process of Buying TRON (TRX) on Kraken

  1. Head on to Kraken’s official website and hit on the sign-up button. You’ll be prompted to enter your email address, your preferred username, and a strong password to secure your account.
  2. The next step involves verifying your account. Kraken maintains three user levels – Starter, Intermediate, and PRO – and each has its unique set of identity verification requirements.
  3. Once approved, log in to your account and click on the “Funding” tab on the user’s dashboard. Choose the fiat currency you wish to deposit, your preferred deposit method, and complete the process.
  4. After funding your account, you can now proceed to purchase your preferred amount of TRX tokens.

Other Ways of Getting TRON (TRX)

Apart from cryptocurrency ATMs, brokers, and exchange firms, there are several other ways of acquiring your favorite cryptocurrencies. Here are a few avenues that you could use to acquire TRON tokens.

Gift or tip

A family member, friend, or colleague can peasant TRON tokens to you either as a gift or as a tip. Tipping and gifting cryptocurrency is common mostly for those offering free services online. You too, especially if you are a creative offering your services online, can set up a gift or donation box that accepts TRX.

Through TRON Faucets

TRON faucets are websites and other online-based platforms that reward you when contributing to small tasks hosted here. These could be clicking on marketing links, watching and playing video games, testing mobile apps and giving reviews, watching video ads, completing surveys or puzzles. There are multiple crypto faucets that reward contributors with TRX tokens today.

How can I use TRON (TRX)?

So, you’ve already acquired your TRON tokens, what do you do with them? What’s next? Here are a few ways you can spend your TRX coins.

HODL as Speculative Assets

When HODLing TRON coins – you are essentially buying and holding on to TRX for as long as you possibly can with the hope that its prices will eventually hit parabolic heights. It is a long-term investment strategy that is driven by the belief that TRON is a sustainable asset and that its prices will continue to rise in perpetuity.

Trade the altcoin

You can also choose to trade your TRX coins on any of the brokers or exchange-listed above. Note that trading is a short-term investment strategy directed towards helping you profit from TRON’s short-term price action. It could take the form of swing or position trading where you buy and hold TRX coins for a few days to a few months or day trading that involves making multiple TRX trades throughout the day.

Pay for Goods and Services

Most businesses are currently accepting cryptocurrencies as means of payment. Today, there are numerous merchant stores and service providers ready to accept TRON as a method of payment. Whenever an opportunity presents itself, be sure to take it up and pay for your products and services using your TRON tokens – the process is fast and inexpensive.

Donating to charities is a worthy course, an opportunity for you to give back to society, and most importantly, help someone in need. You could look around for charities accepting TRON and donate.

Tip or Gift to acquaintances or Content Creators Online

Have a close friend you’d love to gift? A family member you’ve been wondering what to surprise them with? Set them up with crypto investments by gifting them TRX coins. How about your favorite YouTuber, or that podcast you can’t go a week without? You can support the work of these content creators by offering them a TRON token tip.

What do Reddit & Quora Users say about Buying & Investing in TRON (TRX)?

Reddit

The TRON coin and blockchain enjoy quite a huge following on the TRON subreddit. Dubbed the community of TRONics, the subreddit serves as the unofficial media outlet for all things TRON blockchain and TRX tokens. Here you will find the most updated news and announcements about the TRON network.

Members will also discuss a wide array of topics relating to the TRON network on the subreddit and dispel any misconceptions. Some of the hottest topics about the TRON coin and network at the moment revolve around the network’s sustainability, future price projections, and generally the future of the coin. You will find numerous comprehensive resources that tell you everything you need to know about TRON on the subreddit.

Quora

Quora also features the TRON cryptocurrency space where all matters Trom blockchain and TRX tokens are discussed. While it may not be as large or vibrant as the TRON subreddit, TRX enthusiasts ask a lot of questions and post highly informative answers about the TRON ecosystem.

On the platform, they discuss the most recent news and developments within the TRON network to rumors and misconceptions, as well as the coin and blockchain’s future. Some of the hottest TRON topics on Quora right now revolve around its current price and future projections, the future of the TRON network after Larimer’s exit, and a lot of questions about its price projections.

Bottom Line

TRON is one of the most popular cryptocurrencies in the world. Its positive return on investment, high volatility, and hugely promising future make it a top choice for most both long and short-term investors. In this article, we have provided you with step-by-step guides on how to buy TRON at the different reputable crypto exchanges and brokerages.

We have also guided you on what to watch out for when looking for the best TRON trading platform, shared about the different ways of acquiring and putting TRON tokens into use, and highlighted the different ways to buy TRON globally.

If you are looking to buy TRON today, we advise that you read through our guide again, learn everything you need to know about the coin, complement it with personal research, come up with an investment strategy, then choose one of the recommended trading platforms and use the steps outlined to begin your TRX investment journey.

Well, yes, the exchanges and brokerages we have discussed above have oversimplified the process of buying TRON tokens on their platforms and narrowed it to just a few steps. They also have some of the fastest account approval processes and even faster transaction processing speeds.

Yes, TRON is a relatively safe cryptocurrency investment based on the fact that it has an overall positive ROI, and analyst projections point to an even brighter future for the coin.

That varies from one platform to another. eToro, one of the top brokers, for instance, requires traders to have a minimum of $25 to trade TRON on their platform. You can check out the other options discussed in our guide above and pick the option that best fits your budget.

Our guide has explored the 5 best places you could get your hands on TRON tokens. The list is dominated by brokers and exchange firms, which is what we recommend. Go over them again and register with the one that appeals to you the most.

Past price action shows that TRON altcoin is a resilient token that will always find a reason to keep its price above the listing price. This explains why it has maintained an overall positive ROI. Moving forward, analysts expect its prices to rise further as it launches more of its roadmap projects – and this makes a good long-term investment.

Truthfully, no one can tell with utmost accuracy what the price of TRON or any other cryptocurrency will be in the next few months, let alone years. But by studying the coin’s past price action and looking at the promise of its blockchain technology, crypto analysts can estimate the direction it will take. Right now, they are convinced that the token will be way more valuable in the next 5 years than it is today.