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.
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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.
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.
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!