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.
This article will help you find the best broker to buy TRON (TRX) coins in 2023 and set you up with a step-by-step guide on how to buy TRON (TRX) tokens on several platforms.
Four years later, Tron has morphed into one of the fastest-growing and most popular blockchain technologies. Its user base has 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 soon.
Hence, crypto investors have a reason to consider buying the Tron token. But what are Tron blockchain and Tron coin? How has the TRX coin performed in the past? Importantly, how do you buy Tron globally and what are the best brokers to buy the Tron coin today?
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.
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 card or debit card, PayPal, bank transfers, eWallets (Skrill, Neteller), and cryptocurrencies.
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.
TRON is a highly decentralized crypto trading platform and one of the fastest-growing blockchain technologies designed to decentralize 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 allows artists and content creators 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.
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.
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.
There currently are three primary ways to invest inTRON tokens. Let us go through each in brief below.
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 rise 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.
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 in 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. Please note that CFDs trading can be risky and may not be suitable for all investors. Before deciding to trade CFDs, you should carefully consider your objectives, financial situation and needs. You should be aware of the risks associated with CFDs trading and seek advice from an independent financial advisor if you have any doubts.
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 close 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 down-trending TRON prices.
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.
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.
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.
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.
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.
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.
Ready to add TRX to your portfolio? This is what you need before you can start buying TRON.
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.
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.
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.
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.
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.
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.
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.
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.
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 card or debit card, and wire transfers.
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.
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.
The eToro social trading platform 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 which you can use to familiarise yourself with the trading platform and perfect your trading skills.
Check out our complete eToro guide 2023 to learn more.
The Capital.com trading broker 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.
Our detailed Capital.com review 2023 has more. Be sure to check it out.
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
The Coinbase trading platform 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.
Check out our comprehensive Coinbase review 2023 to learn more.
Following are the steps on How to Buy Tron on Coinbase Exchange quickly.
Note: Coinbase will deliver the purchased TRON coins into your in-exchange wallet which 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.
The Binance crypto exchange is currently the largest crypto exchange in the world by transaction volume and the number of registered users. The exchange currently reports a $2 billion daily average trading volume even though 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 making it the best place to buy Tron. 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 card or debit card, or through integrated third-party fiat-to-crypto exchanges. And the minimum you need to open a TRON trade on Binance is $1.
Looking to learn more about Binance? Check out our complete Binance Review 2023.
You can follow the above simple 5 steps on how to Buy Tron on Binance to purchase it quickly.
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.
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.
Following are the steps on how to buy Tron on Kraken exchange:
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.
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.
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. Multiple crypto faucets reward contributors with TRX tokens today.
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.
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.
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.
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.
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.
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 investing in TRON on the subreddit.
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.
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.
One of the best places you can buy TRX TRON is on the exchanges. However, before you can buy it, you must first set up a account on the exchanges. The most popular exchange for TRX TRON are the ones listed above. Be sure to check them out.
There are a few different ways to buy and sell Tron TRX. The most common way is to use an exchange like Binance or Kucoin. These exchanges allow you to buy and sell Tron TRX for other cryptocurrencies or for fiat currencies like the US dollar. Another way to buy and sell Tron TRX is through a peer-to-peer marketplace like LocalBitcoins.com. On a marketplace like this, you can find someone who is willing to trade Tron TRX with you directly for another cryptocurrency or for fiat currency.
You can purchase TRX in the United States through a number of different exchanges. Some of the most popular exchanges that offer TRX include the ones listed above. You can also find a full list of exchanges that offer TRX on the Tron Foundation website.
Some people believe that it has major potential and could be a very lucrative investment, while others think that it may not be worth the risk. It’s important to do your own research and make an informed decision before investing in any cryptocurrency.
Many exchanges sell TRON. We’ve listed some of the best in this article. Be sure to check them out and pick the one you feel is the best.
Well, first of all, you’ll need to head on over to an exchange that accepts VISA (we’ve listed a few up here). Once you’ve registered and have your account set up, you can then start buying TRON with your VISA card. Just be sure to follow all the necessary safety precautions when transferring your money to an online exchange!
Well, no one can say for certain. But there are a few things to consider. For one, Tron is still a relatively new coin and has yet to be adopted by many mainstream businesses and users. Secondly, the crypto market is incredibly volatile and subject to sudden changes. So it’s hard to say whether or not Tron will go up in value in the future.
There is no easy answer to whether or not TRX is a good investment in 2022. The cryptocurrency market is highly volatile and predicting the future value of any coin is inherently speculative. That being said, there are a few factors that could make TRX a good investment this year. For instance, the Tron Foundation has been working hard to increase the adoption of TRX by building partnerships with major companies and institutions. If they are successful in onboarding more users, this could lead to increased demand for the coin, which would likely drive up its price.
There is no direct way to purchase TRX with PayPal. However, you can find a platform that lists PayPal as a payment method. We’ve covered some of the best options in this article. Be sure to check them out.
The Tron price is so low because of a variety of factors. First, the Tron project has been plagued by scandals and delays. Second, the TRX token doesn’t have a lot of utility compared to other cryptocurrencies. Lastly, the overall cryptocurrency market is in a Bear market, which has caused prices to plummet across the board.