Tron is like the penny stock of cryptocurrency.
The sheer supply and cheap price tag have helped it reach the top 15 cryptocurrencies on CoinMarketCap.
For those of you unaware of Tron (TRX), it is one of the largest blockchain-based operating systems in the world and is known for its high output.
It is now trying to be the next Ethereum with virtual machine capabilities smart contracts and DApps.
That is why it is being talked about and it is under great pressure from China. And when there is talk of a crypto in China, you know the consequences could be similar to the NEO uprising.
How to buy Tron (TRX)?
Being in the top 15 is enough to get noticed which is why many services / exchanges have started trading in Tron.
But before we tell you about those services, let’s take a look at all the ways you can buy Tron.
Some of the popular ways to buy Tron are listed below:
- Buy TRX from bank deposits or wire transfers
- Buy TRX with other cryptos
- Buy TRX with BTC /ETH
- Buy TRX with credit / debit cards
- Buy TRX from peer-to-peer sources
Where to buy Tron (TRX)?
Buy TRX from bank deposits or wire transfers
Any currency that is in the top 20 cryptos of the CMC list is usually easy to buy via bank or wire transfer. Also for TRX there are quite a few services / exchanges that give you access to fiat linked crypto wallets where you can deposit and exchange fiat for cryptocurrencies such as TRX.
TRX can be bought and sold in fiat currencies such as USD, INR, CNY, KRW etc.
Note: To access such accounts, one must go through a thorough KYC check, so this method is not anonymous.
Buy TRX in exchange for other cryptos or ETH / BTC etc.
An abundance of centralized cryptocurrency exchanges have grown tremendously over the past year and each of them offers plenty of popular cryptos.
And TRX is no exception. One can easily buy TRX from such exchanges if they have other cryptocurrencies such as BTC or ETH or USDT.
Here is the list of established ones cryptocurrency exchanges where you can exchange other cryptos like BTC / ETH etc for TRX:
- Binance: Supported pairs are TRX / BTC, TRX / ETH, TRX / USDT,
- Huobi: Supported pairs are TRX / BTC, TRX / ETH, TRX / USDT,
- Gate.io: Supported pairs are TRX / ETH, TRX / USDT,
- Bittrex: Supported pairs are TRX / BTC, TRX / ETH, TRX / USDT,
Buy TRX with credit / debit cards
Credit and debit cards are the easiest way to buy cryptocurrency and TRX is no exception. But this option is limited to a few cryptocurrencies. TRX is one of them. Plus, as of now, there’s only one service that allows you to buy TRX with credit / debit cards.
Buy TRX for cash
This part is difficult.
TRX doesn’t have a peer-to-peer platform like you have for BTC and ETH where traders can communicate and trade in a peer-to-peer manner. Hence, it is difficult to buy / sell TRX in cash.
However, if you find buyers / sellers in your local community through word of mouth, you can certainly deal with them. But this comes with risks as there is no security deposit in between and you could be scammed.
Conclusion: Buy TRX Cryptocurrency
TRX gained a lot of traction during the last bull run and they have now turned from their original goal of being the gaming currency to a fully fledged decentralized platform for the decentralized web.
And it remains to be seen how the market reacts to it and we cannot say much about it as the market is quite uncertain as of July 2018.
But we’ll keep updating this piece as we keep getting updates from the TRX community.
Finally, if you are someone with a significant number of TRX, you should not leave them on the aforementioned centralized exchanges. Instead, you need to download their official wallet from here.
Now you tell me What do you think of TRX? Have you invested in TRX? If so, what method did you use to purchase your TRX from the list above? Did I miss any other remarkable ways to buy TRX?
Let me hear your thoughts in the comments below!
Here are a few other articles you should read next:
Harsh Agrawal is the Crypto exchanges and bots experts for CoinSutra. He founded CoinSutra in 2016, and is one of the most highly regarded professional bloggers in the fintech space.
An award-winning blogger with a track record of over 10 years. He has a background in both finance and technology and has professional qualifications in information technology.
An international speaker and author who loves blockchain and crypto world.
After discovering decentralized finance and with his background in information technology, he made his mission to help others learn and get started with it through CoinSutra.
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