How to Buy Tron

TRON (TRX) cryptocurrency ranks at 14 place by capitalization. It’s 22 July 2024 on $11,856,119,451 year. Circulating supply: 87,086,064,487. Maximum supply – N/A. The price of TRX for today – $0.13605 with trading volume of $334,892,532 for 24 hours. The maximum price of TRON was registered on 5 January 2018 year and was – $0.23167. The lowest price of TRX, $0.0018043, was registered on 12 November 2017.
TRON (TRX)
$0.13605 +1.23% ↑
24h price change
$0.0016760
Capitalization
$11,856,119,451
24h trading volume
$334,892,532
on the official website

How to Buy Tron Price in USD: Convert to US Dollar

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on the official website
Data updated 7/21/2024

    TRON is an ambitious project dedicated to building decentralized internet and developing its infrastructure. Tron’s acquisition of BitTorrent further strengthens its leadership in building a decentralized ecosystem. The popularity of the TRON network is evidenced by 90+ million users and 3.1+ billion transactions. All this arouses interest in the TRON cryptocurrency as an investment tool. In this article, we will look at where and how to buy TRX.

    How to buy TRON
    Tron network home page

    What is TRON

    TRON is a blockchain-based platform. It is designed to accelerate the decentralization of the Internet and serves as a tool for developing decentralized applications (DApps). The project is trying to solve the problems that outdated blockchain networks face. The TRON protocol provides high throughput, scalability and availability for all dApps in the Tron ecosystem.

    TRON Founder Justin Sun
    TRON founder Justin Sun

    What is TRON

    The project was founded in September 2017 by Tron Foundation, a Singapore-based non-profit organization led by Justin Sun. Testnet, Blockchain Explorer and Web Wallet were launched on March 2018. In June 2018, TRON announced the creation of the Genesis-block, and the acquisition of BitTorrent in July. In October 2018, TRON launched the TRON Virtual Machine (TVM), a complete set of developer toolkit and user support.

    Tronix (TRX) is the native token of the TRON network. Initially, TRX were ERC-20 based tokens deployed on Ethereum, but later moved to native network. TRX unites the entire ecosystem TRON.

    Where is the best place to buy TRON

    Today, there are a lot of options for buying TRX:

    Cryptocurrency exchanges are one of the most reliable ways to buy TRX, due to their high level of security, liquidity and a large selection of payment methods (bank transfer, Visa and MasterCard cards, payment systems, peer-to-peer networks (p2p ) etc.)

    TRON buying instructions

    Step-by-step instructions for buying TRX on the exchange include several steps:

    1. Risk assessment;
    2. Crypto exchange selection;
    3. Create an account;
    4. Account replenishment;
    5. Buying TRX.

    Decide on the level of risk

    The basic rule of any investment, including cryptocurrencies, is to invest only the amount you are willing to risk. Investing in cryptocurrencies can result in a loss of money due to the high volatility of the crypto market.

    Choose a crypto exchange

    Before choosing a platform for buying a coin, you need to know about account replenishment methods, trading conditions, user reviews and other parameters.

    The most popular exchanges for buying TRX are presented in the table.

    Exchange
    Website
    BTC trading volume, 24h
    1Binance
    Binance
    BTC trading volume, 24h
    462.89
    2WhiteBIT
    WhiteBIT
    BTC trading volume, 24h
    330.21
    3Bybit
    Bybit
    BTC trading volume, 24h
    110.80
    4MEXC
    MEXC
    BTC trading volume, 24h
    92.26
    5HTX
    HTX
    BTC trading volume, 24h
    90.87

    You can check out our site for the rating of the best exchanges.

    Register an account

    To trade on the exchange, you must have a user account. Let’s see how to do this using the exchange OKX.

    Registration on OKX consists of the following steps:

    1. Сlick Sign Up on the official website of the exchange in the upper right corner;
    2. Enter e-mail → create complicated password → enter referral code (if have one) and press Sign Up again;
      Registration Form
      Registration form
    3. Enter the code that will be sent to the specified e-mail;
      Code Enter
      Code entering
    4. Wait for registration to complete.
      Successful registration confirmation
      Confirmation of successful registration
    Detailed instructions on how to register an account on OKX, is placed in exchange review.

    Top up your account

    Account replenishment methods differ for different trading platforms. Some exchanges support fiat deposits, while others support cryptocurrencies only.

    On OKX you can only deposit funds in cryptocurrency. For this:

    1. Open Assets → Deposits → select deposit currency (for example, USDT) and the network;
      Select coin and network
      Coin and network selection
    2. Specify account type (general or trading), after that wallet address will appear (also available as QR code);
      Getting an address for transferring coins
      Getting an address for transferring coins
    3. Then in the wallet, from which the funds will be transferred, you need to select the appropriate coin, click Send and enter the address from the exchange page (or scan the QR -code);
    4. Confirm transfer;
    5. Check the transfer of funds.

    Buy TRON (TRX)

    To buy TRON (TRX) on an exchange, you need to:

    1. Enter user’s account;
    2. Press Trade → Basic Trade;
    3. Select cryptocurrency pair, for example, TRX/USDT;
    4. Set order type, for example, Market;
    5. Specify number of coins to buy;
    6. Press Buy TRX.
    Buying TRX on the spot market
    Buying TRX on the Spot Market

    How to sell TRON

    Selling coins on the exchange includes the same sequence of steps as buying process. But there are some changes in filling order process. On the right side of the screen you need:

    1. Specify a number of coins for sale;
    2. Press Sell TRX.
    Selling TRX on the spot market
    Selling TRX on the spot market

    Where to store TRX

    There are several ways on how to store TRX tokens. Each option has its own advantages and disadvantages to consider. For users who want to store a small amount of TRX or are actively trading on the exchange and constantly using funds, a mobile wallet is suitable.

    For example, the TRONLink wallet for iOS and Android. In addition to this application, you can also use other crypto wallets that support TRX (all of them are featured on the official website of the company).

    The advantage of hot wallets is it’s easy to use them and they provide instant access to cryptocurrency. The main weakness is that they are hackable as they work online. If you use this type of wallet, then you need to take care of its protection: enable two-factor authentication and create a strong password.

    crypto wallets that support TRX
    TRX supported crypto wallets

    To store large amounts of TRX, it is better to use a hardware wallet – for example, Ledger.

    Hardware wallets are more secure than mobile wallets because they store cryptocurrency offline without an internet connection. Another name for such type of wallet is cold storage. The disadvantage of such wallets is their price.

    How to withdraw TRON to wallet?

    Withdrawing Tron to a wallet is not difficult. For this you need:

    1. Login into your personal account;
    2. Press Assets → Withdrawal;
    3. Select coin TRX → select network → click Continue;
      Start withdraw
      Beginning of withdraw process
    4. Specify address and wallet’s name where the coins will be transfered. The system will automatically calculate the commission;
    5. Press Continue;
      Complete withdraw
      Withdraw completion
    6. Enter password to access funds and code from SMS, click Confirm.

    FAQ

    How to buy TRON?
    There are many ways to buy TRX, but the most profitable and reliable is to buy an asset on a crypto exchange:

    • Select an exchange → register → pass identity verification;
    • Replenish a deposit;
    • Specify a currency pair, for example, TRX/USDT;
    • Select order type, for example, Market;
    • Specify the number of coins to buy and click Buy TRX.

    Where to buy TRON?
    You can buy Thrones on the cryptocurrency exchange, using payment systems and by bank transfers. The most convenient and preferred option among the above are cryptocurrency exchanges.
    Should I buy TRON?
    Like all cryptocurrencies, TRON is considered to be a high-risk investment, so the rule of “do not spend more than you can afford to lose” is what you should always remember about. In general, high-risk investments should not exceed 1-5% of the investment portfolio. To understand if this coin is a good investment, you need to know its advantages. Here is some of them:

    • The founder of the project Justin Sun: Sun was included in the Forbes list China 30 Under 30 three times, which provided TRON with a strong position in the crypto world;
    • TRON blockchain is very fast: Bitcoin processes 6 transactions per second, Ethereum - 25, TRX - 2000 transactions per second;
    • The growth of the project is supported by investments and partnerships: buying of the popular file sharing software provider BitTorrent in 2018, investment in the trading platform Poloniex, backed up by electronics giant Samsung, collaboration with startup Swisscom Blockchain and popular web browser Opera.

    How to sell TRON coin?
    You can sell TRX on the crypto exchange. For this:

    1. Select an exchange → register → pass identity verification;
    2. Select spot trading market;
    3. Enter currency pair TRX/USDT;
    4. Select order type, number of coins to sell and click Sell TRX.

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    Agatha Redich
    Agatha Redich
    Articles author, editor
    Articles author and website editor. Works with texts for over 12 years. Among Agatha’s clients: Rossman, Zara, Bosch, ING Bank, Lexus and others. Crypto journalist since 2018. She wrote more than a hundred articles about cryptocurrencies and the crypto market. Agatha's professional credo is to reveal complex topics in an accessible and simple way.
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    Emil Rabin
    Emil Rabin
    Site expert
    Cryptocurrency expert and financial analyst. Emil has working experience in Bain and KPMG, collaborated with PayPal and Revolut, organized more than 30 educational events about blockchain and cryptocurrencies in Eastern Europe. An expert of the TGDRatings.com portal since 2022.
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