How to Buy Tron Coin? – 6 Step Guide

Quick Summary

1. Choose a wallet
2. Deposit Funds
3. Purchase Bitcoin or Etheruem
4. Register with Binance
5. Deposit BTC or ETH
6. Buy Tron

How to Buy Tron Coin?

It can be a bit tricky to work out how to buy Tron for someone that is just getting started in the crypto space. Tron is not supported by the majority of wallets out there. That is why you may be experiencing difficulties. This post will set aside any confusion and will give you a step by step guide as to how you can buy Tron. 

Keep reading if you want to learn more about:

• What Is Tron Coin?
• How to Buy Tron? – step by step guide
• Should You Invest In Tron?

What Is Tron?

Tron was founded in late 2017 by Jusin Sun. Tron is a decentralised peer-to-peer blockchain platform that enables developers to write decentralised applications. 

Tron specialises in media and content sharing. Furthermore, it allows users to create and access media without the need of a third party. Most big companies like YouTube have control over what people can view and also take a large chunk of profits.

Tron aims to provide a solution to this problem by offering a decentralised platform free from control. It implements a system that is controlled and distributed by a network of computers. This makes it virtually impossible for hackers to invade as they would need to gain access to every computer in the network. 

Tron has its own associated currency Tronix (TRX). It is used to verify and complete transactions on the blockchain and reward artists for their work. 

How to Buy Tron Coin? – Step by step guide

There are many options available to you in terms of an exchange to buy Tron. Each exchange comes with its pros and cons. 

Step 1 – Choose a wallet of your choice

Coinbase is the most popular choice. Simply download the app, sign up and complete the verification.

Step 2 – Deposit funds into your wallet

Deposit funds into your wallet via debit card (Easiest Option). 

Step 3 – Purchase Bitcoin or Ethereum

Locate the Buy/Sell button to make a purchase of Bitcoin or Ethereum. (Keep in mind the amount of Tron you wish to buy).

Step 4 – Register an account with Binance

Simply open an account with Binance and complete the email verification and 2-factor authentication. 

Step 5 – Navigate to deposit BTC or ETH

Navigate to ‘funds’. Click on Deposits and withdrawals. Then navigate down to Bitcoin or Ethereum and click on the deposit button.

Step 6 – Send your funds and buy TRX

You will receive an address via coinbase. Insert that address onto the Binance platform. Note- Your deposit can take up to an hour.

It will then display your available balance on Binance. Navigate to the Binance exchange and select either the basic or advanced option. Then proceed to buy TRX. 

Alternative Wallets

1. Ledger – A hardware wallet that securely stores your Tronix offline. It offers over a 1000 different cryptocurrencies. Ledger offers two models to choose from – Nano S and Nano X. Nano X is the more advanced option. 
2. Exodus – A desktop wallet featuring a user-friendly interface and the option to convert coins directly from the wallet using shapeshift. Exodus is available for Windoses, Mac and Linux For Mac, Windows, and Linux.
3. TronWallet – A mobile wallet for iOS and Android that was recommended by the Tron Foundation. The wallet requires no registration or login, is open-source, and is reasonably simple to use.

Should You Invest In Tron?

Tron has gained an immense amount of interest by investors in the cryptocurrency space. However, it has yet to gain the same level of popularity as Bitcoin or Ethereum. The buying process also requires some effort as there are many wallets out there that still do not support Tron. 

I hope this has been insightful to you and has helped with assisting you on how to acquire Tron. Good luck!