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How To Buy Tron in 2024

Last Updated January 3, 2024 12:44 PM
Justin Murphy
Last Updated January 3, 2024 12:44 PM

Whether you’re a content creator using Tron to share your work with your customers or just want to invest in this cryptocurrency, the first step is to buy it. This is an easy process, and you can do it in under 30 minutes. The best thing here is that you can use the same process for most cryptocurrencies and most platforms.

In order to buy Tron, you need a few things. You need a payment method with fiat currency on it or another cryptocurrency and an internet connection.

Best Tron Exchanges in 2024

Here are all the worthy and desirable TRX exchanges our team has tested. Check them out and choose the one you like the most. You can see a lot of platforms that offer all the features you might need.

  1. eToro  – Best for beginners, copy-trading & demo-account
  2. OKX  – Best for futures and margin trading
  3. Nexo  – Best for earning interest on Tron holdings
  4. Binance  – Best for trading volume and variety of cryptocurrencies
  5. KuCoin  – Best for low fees and wide range of altcoins

Reviews of Our Top 5 Tron Exchanges

Those who want to get the answer as quickly as possible can check out the detailed reviews of the best TRX exchanges within the next 5 minutes and get all the answers they seek.

1. eToro Exchange Review

etoro homepage

Overview: eToro was founded in 2007 and is headquartered in Israel. It is a well-established social trading platform that allows users to trade a wide range of cryptocurrencies, including Tron. eToro is known for its user-friendly interface and copy-trading feature.

Tradable coins: eToro offers trading for over 30 cryptocurrencies, including Tron.

Fees: eToro charges spreads on trades, which vary depending on the asset. There are also withdrawal and inactivity fees. Compared to competitors, eToro’s fees are generally higher.

Pros:

  • Beginner-friendly platform with a social trading community.
  • Copy-trading feature allows users to automatically replicate the trades of successful traders.
  • Offers a demo account for practice trading.

Cons:

  • Higher fees compared to other exchanges.
  • Limited cryptocurrency selection compared to some competitors.

2. OKX Exchange Review

OKX homepage

Overview: OKX is a cryptocurrency exchange founded in 2017 and based in Malta. It is known for its futures and margin trading options, making it popular among advanced traders. OKX supports a wide range of cryptocurrencies, including Tron.

Tradable coins: OKX offers trading for numerous cryptocurrencies, including Tron.

Fees: OKX has a tiered fee structure based on trading volume. The fees are competitive compared to other exchanges offering similar services.

Pros:

  • Advanced trading features like futures and margin trading.
  • Wide range of cryptocurrencies available for trading.

Cons:

  • Not as beginner-friendly as some other exchanges.
  • Limited fiat currency support.

3. Nexo Exchange Review

 

Overview: Nexo is a cryptocurrency lending platform founded in 2017. While primarily focused on lending, Nexo also offers a crypto exchange where users can buy, sell, and trade cryptocurrencies, including Tron. Nexo is known for its interest-earning feature on crypto holdings.

Tradable coins: Nexo supports a variety of cryptocurrencies, including Tron.

Fees: Nexo charges fees for trading, which vary depending on the transaction size. The fees are competitive compared to other exchanges.

Pros:

  • Earn interest on Tron and other cryptocurrencies.
  • User-friendly platform with a focus on lending.

Cons:

  • Limited cryptocurrency selection compared to some other exchanges.
  • Not as advanced in terms of trading features.

4. Binance Exchange Review

Binance homepage

Overview: Binance is one of the largest and most well-known cryptocurrency exchanges in the world. It was founded in 2017 and is headquartered in Malta. Binance offers a wide range of cryptocurrencies for trading, including Tron. It is known for its high trading volume and extensive selection of altcoins.

Tradable coins: Binance supports a vast number of cryptocurrencies, including Tron.

Fees: Binance has a tiered fee structure based on trading volume. The fees are competitive compared to other exchanges.

Pros:

  • High trading volume and liquidity.
  • Wide range of cryptocurrencies available for trading.

Cons:

  • Not as beginner-friendly as some other exchanges.
  • Limited fiat currency support.

5. KuCoin Exchange Review

Kucoin homepage

Overview: KuCoin is a cryptocurrency exchange founded in 2017 and based in Seychelles. It offers a wide range of cryptocurrencies for trading, including Tron. KuCoin is known for its low fees and extensive selection of altcoins.

Tradable coins: KuCoin supports numerous cryptocurrencies, including Tron.

Fees: KuCoin has a flat trading fee of 0.1% for both market makers and takers. This fee structure is considered low compared to other exchanges.

Pros:

  • Low trading fees.
  • Wide range of altcoins available for trading.

Cons:

  • Limited fiat currency support.
  • Not as well-established as some other exchanges.

Disclaimer: Investing in cryptocurrencies carries significant risk. Values are highly volatile. Never invest more than you can afford to lose. This site does not provide financial advice. Act based on your own research and consult with a financial professional before making decisions. Don’t invest unless you’re prepared to lose all the money you invest.

Choose a Cryptocurrency Exchange

Before anything else, you’ll need to choose the cryptocurrency exchange where you want to buy Tron. There are countless options available online. For example, you can use Binance, Kraken, Coinbase, and so much more.

Keep in mind that a cryptocurrency exchange is a platform or online website where you can buy, sell, or trade cryptocurrencies. Also, none of the exchanges support all the cryptocurrencies. On the other hand, Tron  is so popular that almost all exchanges support it.

In addition, you can do all of this using your phone only. For example, Binance has an app you can get from Google Play or the App Store and use to buy Tron. Once you are done choosing the platform you want to use, move on to the next step.

Create a New Account

Now that you’ve chosen the crypto exchange you want to use, create an account there. You can enter your email address, create a password, etc. The process of registration is almost identical to registering at any other site.

But in order to buy Tron online at an exchange, you need to secure your account. Use biometric security technology at the exchange, add your phone number, and more. This makes all your purchases more secure.

In addition, people need to know that Binance, Kraken, and Coinbase are safe and secure. They are heavily controlled and have sufficient liquidity. If you want to use another platform, make sure you check for reputation and security there.

Choose Which Payment Method You Want to Use

There are multiple ways you can buy Tron. The most common is using fiat currencies. Most exchanges are focused on this type of transaction. The first thing you have to do is have a payment method with fiat currency on it. This can be a debit card or a credit card.

You can also use other methods. For example, you can use PayPal or a bank wire transfer. These are not always available, though. Almost all cryptocurrency exchanges base the list of supported payment methods on your location. But if you have a bank account, there won’t be any issues using a crypto exchange.

Using other cryptos

Don’t forget that you can also buy Tron using a different cryptocurrency. This means that you can deposit another cryptocurrency using a crypto wallet and then buy Tron. You are basically swapping the two cryptocurrencies.

An interesting fact is that many investors or just people who want to buy a huge number of Tron tokens use bank transfers. This is a very secure method that is ideal when you want to deposit a huge amount of money and get crypto assets.

Deposit funds

The only thing you have to do now is deposit funds at the crypto exchange. Go to your account and find the ‘’Deposit’’ button. Click on it and enter the details you need to. Once you are done, the funds are available in your account within seconds.

Most platforms offer detailed instructions or guide users to deposit funds. It is mandatory if you want to buy Tron cryptocurrency, Tron shares, or purchase any other cryptocurrency.

All crypto exchanges have fees for depositing and withdrawing. These fees cannot be generalized, but we can add that they are typically low. For instance, these fees can be between 0.1% and 6% on your transactions.

Now that you are done with the deposit process, you are ready to buy a Tron coin. This brings us to the next step.

Buy Tron

All you have to do now is go to the main section of the crypto exchange. There, you can see all the available cryptocurrencies. You can see Ethereum, Dogecoin, Bitcoin, Litecoin, and obviously Tron. Click on the Tron icon.

Once you are done with this, just enter the number of coins you want to purchase, or you can enter how much fiat currency you want to use and transfer into Tron. A great thing here is that you can see immediately how much Tron you can buy for that amount of fiat currency. This works in the same way with ETH, USD, or any crypto or fiat currency.

Remember to take a few precautions

  • Make sure you have entered the correct numbers, and you can confirm.
  • Tron prices change all the time, and rates change accordingly.
  • You can use price prediction platforms as well, but these are not known for offering 100% accurate answers all the time.
  • There are a lot of factors that determine the price.
  • If you have any issues with this process, be free to contact customer support for that exchange.

Move It To your e-wallet

The last step here is to transfer your coins to your personal cryptocurrency wallet. This is not a mandatory step. Most users don’t have to do it and can keep Tron coins on the exchange platform the whole time. But it is a much safer decision to transfer them to your e-Wallet.

If you want to do this with stablecoins, you need to create an eWallet . Just make sure that the e-wallet supports the Tron cryptocurrency. Once you are done with this, you can begin transferring the tokens.

Just go to the ‘’withdrawal’’ section, enter the eWallet address, and choose how much money you want to withdraw. Then you can see that this process takes a couple of seconds, and the tokens are on your eWallet.

A transaction of this kind is free from transaction fees and instant thanks to blockchain technology. All cryptos offer these perks. Cardano, ETH, and others are known for super-fast transactions. Anyone can do this within seconds.

Conclusion

Acquiring Tron (TRX) or any cryptocurrency involves a straightforward process applicable across most platforms. It involves selecting an exchange, creating an account, choosing a payment method, depositing funds, then executing the purchase of Tron.

It’s crucial to conduct transactions cautiously, considering the fluctuating market prices, and seek reputable exchanges with robust security measures. While most users retain their Tron coins on exchange platforms, transferring them to a personal cryptocurrency wallet offers enhanced security against potential risks.

Frequently Asked Questions

Are there any specific requirements or documents needed to purchase Tron?

There are a few requirements and documents that you will need. First, you will need to have a valid government-issued identification document, such as a passport or driver’s license. This is necessary to comply with the Know Your Customer (KYC) regulations implemented by most cryptocurrency exchanges.

Additionally, you will need to have a verified email address. Some exchanges may also require proof of address, such as a utility bill or bank statement, to ensure compliance with anti-money laundering (AML) regulations.

Which payment methods are accepted when buying Tron?

When buying Tron, there are several payment methods accepted by most reputable exchanges and platforms. The most common method is through traditional fiat currency, such as USD or EUR, where users can make a direct bank transfer or use their credit/debit cards.

Additionally, many exchanges accept popular cryptocurrencies like Bitcoin and Ethereum as a form of payment for purchasing Tron. Some platforms also offer the option to use stablecoins like USDT or DAI for Tron purchases.

Can I store Tron in a hardware wallet after purchasing it?

Yes. Storing Tron in a hardware wallet is a highly secure and recommended method for safeguarding your digital assets. In 2024, the most popular hardware wallets have implemented support for Tron, allowing users to store their TRX tokens offline, away from potential online threats.

These wallets utilize advanced encryption algorithms and provide an extra layer of protection. It keeps the private keys offline, making it virtually impossible for hackers to gain unauthorized access.

How long does it typically take to buy Tron?

On average, it typically takes around 10-15 minutes to complete a Tron purchase. This includes the time required for account setup, identity verification, and transaction processing. However, it’s important to note that this estimate may fluctuate due to network congestion or technical issues.

To ensure a smooth and efficient purchase, it is recommended to have all necessary documents and information readily available before initiating the buying process.

Are there any fees associated with buying Tron?

Yes. When it comes to buying Tron, there are a few fees to keep in mind. First, most cryptocurrency exchanges charge a trading fee, which is a small percentage of the total transaction amount.

Some exchanges may also charge a withdrawal fee when you transfer your purchased Tron to an external wallet. However, it’s worth noting that these fees can vary between different exchanges, so it’s always a good idea to compare and choose one that offers competitive rates.

how to buy tron