With its 0 transaction fee and a whopping 2000 transactions per second, Tron gives competition to the likes of PayPal. Being a blockchain-based protocol, Tron aims to establish an open, global entertainment system with distributed storage technology while allowing its holders to earn passive income through staking as well.
This blog post is an in-depth guide to buying Tron.
How to buy Tron in 3 Easy Steps?
Step 1: Choose a cryptocurrency exchange
Step 2: Create your account on the exchange
Step 3: Make the purchase
Step 1: Choose a cryptocurrency exchange
To buy TRX, you must first choose a cryptocurrency exchange that meets your needs. It is important to thoroughly research and check the background of the exchange before creating an account.
Step 2: Create your account on the exchange
The next step is creating an account on the exchange you chose. Submit all your documents required for account creation and complete identity verification.
Step 3: Make the purchase
After creating an account and completing the necessary formalities, you can make your first TRX purchase by funding your account and placing the order.
Also read: Tron Pricing Prediction
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Where to Buy Tron(TRX) ?
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1. Coinbase
Coinbase is a good option for buying TRON as it allows investors to withdraw immediately after buying with fiat currency and has a low minimum deposit and trading fees.
Factsheet
| Header 1 | Header 1 |
|---|---|
| Operational Since | June 2012 |
| Deposit Methods | Instant Cash, Debit Cards, Wire Transfers, Bank Accounts, Paypal, Apple Pay, Google Pay |
| Deposit Fees | 0.05% to 0.60% |
| Cryptos Listed | Bitcoin, Tether, USD Coin, BNB, Ethereum 2 |
| Trading Fees | 1% |
| Fiat Currencies Supported | USD, GBP, EUR |
| Trustworthiness | Safe |
2. Binance
Binance is a popular cryptocurrency exchange for buying, selling, and trading Tron. It has over 10 million users and a daily trading volume of over $1 billion. Its headquarters are located in the Cayman Islands. Binance also offers a swift buy and sell, which makes it easier for you to trade Tron here.
Factsheet
| Header 1 | Header 1 |
|---|---|
| Operational Since | September 2017 |
| Deposit Methods | Bank Deposit, Cash Balance, Credit/Debit Card, P2P Trading |
| Deposit Fees | Free |
| Cryptos Listed | 600 |
| Trading Fees | 0.1% |
| Fiat Currencies Supported | 27 |
| Trustworthiness | Safe |
3. Kraken
Kraken is a good platform for buying and exchanging TRX, with low fees and strong security. It is suitable for both high and low-volume traders, although there may be additional transaction steps required.
Factsheet
| Header 1 | Header 1 |
|---|---|
| Operational Since | 2011 |
| Deposit Methods | Visa and Mastercard debit/credit card, Digital wallet purchases, ACH online banking |
| Deposit Fees | None |
| Cryptos Listed | Bitcoin, Ethereum, Cardano, Dogecoin, Litecoin, Polkadot, Polygon, Ripple |
| Trading Fees | up to 0.25% per trade |
| Fiat Currencies Supported | USD, EUR, and CAD |
| Trustworthiness | Safe |
Frequently Asked Questions
Where can you buy TRX with a credit or debit card?
You can easily buy TRX from BitPay using credit/debit cards. Simply enter your credit card information as a payment option within the app and proceed with the transaction.
What will you need to buy TRX?
To buy TRX, you must create an account on any one of the crypto exchanges like Bitfinex or Coinbase and then load up your wallet to finally buy Tron.
What is the easiest way to buy TRX?
The easiest way to buy TRX is to create an account on a platform like Bitfinex or Coinbase and choose the right wallet for your purchase.
Best wallets to store your TRX
The best wallet to store your Tron(TRX) is Ledger Nano. You can also choose Binance to be your preferred wallet to store Tron.
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