This step-by-step guide shows how to buy Tron cryptocurrency (TRX).
If you’re looking to invest in this cryptocurrency, this tutorial is all you need to follow.
With that said, let’s begin.
What Is Tron (TRX)
Tron or TRX is a cryptocurrency token that you can invest in. As an investor, it often pays to do some research before you invest in a project to improve your odds in the long run.
Tron is one of the largest blockchain-based operating systems in the world. By improving the TPS in Tron, it achieves high throughput, which has surpassed the likes of Bitcoin and Ethereum.
Thanks to its scalability and highly-effective smart contract, Tron lets you deploy applications in many ways. You also enjoy a higher degree of decentralized consensus with an improved rewards distribution mechanism.
Also Read: How to buy Bitcoin | How to buy Ethereum
How to Buy Tron Cryptocurrency
There are many ways how to buy Tron cryptocurrency.
There are many sites like Bittrex that let you buy Tron, but it isn’t your best option. One of the most popular and secure sources to buy TRX is a cryptocurrency exchange called Binance.
Binance has been one of the top exchanges for nearly 3 years and is one of the largest by volume. Not only does it support a range of altcoins/alternative coins, but it’s also one of the most secure platforms.
Step 1 – Creating a Binance Account:
Create a FREE account on Binance here >>
Once you’ve entered the details, it will prompt you to verify your email address.
Log into your email account, find the verification code and get your account verified.
Step 2 – Setting It Up
Once you’ve completed the first step, you’ll be greeted by a familiar dashboard.
Before you go ahead and make a purchase, it’s always a good idea to get your identity verified. This will also secure your account and prevent unauthorized access in the future.
Follow the on-screen instructions, and your account should be ready.
Step 3 – Purchase Bitcoin
You can purchase directly on Binance and buy Bitcoin directly in USD with credit/debit cards.
The payment options may differ depending on your country, but the process is pretty much the same. If the US dollar (USD) is not your primary currency, it has several other options in there.
Once you’ve purchased some Bitcoins, you can either store them in your Binance wallet or exchange it for altcoins like Ethereum or, rather, Tron in this case.
See Related: How to Buy Request Network (REQ) | Step-By-Step Guide
Step 4 – How To Buy Tron Cryptocurrency (TRX)
That brings us to the final step. Here we will be exchanging/trading Bitcoin or Ethereum for Tron.
If you’re reading this step, you already have Bitcoin/Ethereum ready in your account. If not, complete the first three steps before you begin this one.
Go to Tron’s Bitcoin pair or Ethereum pair, depending on what you already possess.
Depending on how much of Tron tokens you may want to buy, select your options.
If you want to trade all your Bitcoin for Tron, select 100% in the Buy options and click buy. The market option is to buy the coin/token at the current price, and the limit option is for traders looking to buy at a certain price.
Unless you’re involved in trading, you don’t need to consider the Limit Buy option. Select the percentage of Bitcoins you want to allocate to your preferred altcoin, which will sit in your hot wallet.
See Related: How to Buy Monetha | Step-By-Step Guide
Final Words & Conclusion
That brings us to the conclusion of this ‘how to buy Tron Cryptocurrency (TRX)’ guide. We hope this helped you make a purchase. If not, did you get stuck on any step? Or did we miss anything in this step-by-step tutorial?
Either way, let us know by leaving a quick comment down below.
Once you’ve purchased Tron crypto (TRX) or any other cryptocurrency of your choice, be sure to strengthen the security of your Binance account, so it’s never compromised.
A two-step authentication application like Google Authenticator should greatly help secure your account if you don’t have an existing authentication app. You can also withdraw your tokens to a compatible wallet if you don’t want to leave them on the exchange.