How to Buy Tron (TRX) Right Now • Easy Steps • Benzinga

Want to jump straight to the answer? You can buy TRX on eToro!

Founded in 2017 by Justin Sun and the non-profit Tron Foundation, Tron is a decentralized blockchain platform specializing in entertainment and content sharing. The Singapore-based company has 1 of the world’s fastest growing public blockchains that uses peer-to-peer (P2P) technology boasting over 1.3 billion transactions and 16 million accounts. 

Tron’s Tronix (TRX) cryptocurrency is listed on more than 130 exchanges and has the distinction of offering its own world-class wallet. The TRX cryptocurrency also acts as the basic unit of account for the Tron blockchain. 

Tron has even been likened to a next generation social media outlet since the Tron crypto ecosystem lets you create and share content with anyone, anywhere. Unlike social media sites like Facebook and Twitter, the Tron cryptocurrency ecosystem compensates you for the data and content you create. 

In addition, Tron’s decentralized distributed storage technology gives you the freedom of creating and uploading content directly into the Tron network without the concern of being censored by big tech companies like Google, Spotify or YouTube. If you want to know how to buy TRX, use our step-by-step guide to get started today.

How to Buy Tron

  1. Open an Online Account

    Before you can buy cryptocurrencies, you’ll need to open an online account with a broker or cryptocurrency exchange. Instructions appear below for opening an account with Coinbase, 1 of the world’s largest and most reputable cryptocurrency exchanges, and with eToro, a top cryptocurrency broker and social trading website.

  2. Buy a Wallet

    After opening your account with an exchange or broker, you’ll need a crypto wallet to store your cryptocurrency in. Some exchanges and brokers allow you to store your coins in their wallet, although your investment may not be as secure as holding your coins in your own wallet. 

    The different types of cryptocurrency wallets are:

    Hot wallets. This very accessible type of wallet is generally used on devices that connect to the internet, although it offers the least amount of security. Tron software wallets are an example of this type of wallet that can easily be downloaded at no cost. 
    Hosted wallets. A hosted wallet lets you hold your digital currency on a third-party, a crypto broker’s or an exchange’s server. In this type of wallet, the host retains control of the keys to your cryptocurrencies. Such wallets can have security issues due to the threat of hacking. 
    Cold wallets. These consist of hardware wallets that hold your cryptocurrencies offline. This type of wallet offers the highest level of security since your coins are held on a device not connected to the Internet, although they can be subject to physical loss if you misplace the hardware. 
    Decentralized wallets. This style of wallet lets you send or receive cryptocurrency in your wallet anywhere in the world. They eliminate 3rd party risk associated with hosted wallets.  

    Ideally, you’ll want your wallet to support the Tron network if you wish to invest in Tronix. You may want to maintain control of your private keys and have security features like a multi-signature or 2-party authentication system and PIN code. The wallet software should also have an intuitive and easy to use interface and provide access to customer support in case you have a problem using it.

  3. Make Your Purchase

    Once you’ve opened and funded an account and have obtained a compatible wallet, you can now make your first TRX purchase. You’ll also need access to a trading platform that lets you make transactions in your newly opened account. 

    This is where you’ll select the cryptocurrency you plan to purchase. After purchasing the amount of cryptocurrency desired, your coins can then be transferred from the hosted wallet on the platform to your chosen wallet. 

Best Crypto Exchange and Broker for Tron