How to Buy TRON (TRX)?
TRON (TRX) is a decentralized blockchain platform that aims to be a content sharing system. The platform wants to go as far as to become a decentralized World Wide Web, as well as a complete operating system that would simplify and streamline the creation and deployment of decentralized applications (dapps). As far as existing smart contract platforms go, TRON wants to position itself as the most lightweight option on the market, as it has some compatibility with others, along with lower development costs with more transactions per second.
The TRON token, with the TRX ticker, is the life force that runs the network. It can be used to share content on the network, to compensate content creators as an added incentive, but also locked in as the gateway to voting power.
How to Buy TRON (TRX) in 2021: A List of Exchanges
It is not very difficult to buy TRX in 2021—but it may be slightly complicated to navigate all the pros and cons of each exchange before you settle on one. This is why we assembled this list with five reputable exchanges, ranging in skill sets needed to navigate each, as well as other considerations—like geographical availability and whether it is privacy-oriented.
Poloniex. Poloniex is one of the best choices for users who like their privacy: all you need to open an account is a valid email address, as the KYC process is completely optional (but preferable if you intend to trade large volumes). On the other hand, the exchange does not have any fiat options, meaning complete newcomers are better off purchasing their TRX elsewhere. But if you already have USDT, BTC, ETH, or any number of different altcoins, you can get the TRON coin here with very low fees compared to the industry average.
Gate.io. For a very wide selection of altcoins, Gate.io is another excellent choice. With low fees, you can trade TRX with BTC, ETH, USDT, and others, as well as choose from a vast number of other coins. Advanced traders will also find a range of trading tools like leverage and period investment plans. However, newbies may not feel completely comfortable here, as the interface can be a little cluttered. It also does not take fiat deposits, meaning you need to own crypto beforehand. All in all, if you have any trading experience, Gate.io is a great place to buy TRX.
KuCoin. With near-global coverage and a huge number of supported altcoins with very low fees, KuCoin is another great choice for purchasing TRX. They support fiat, which means you can buy the coin with any of the top global fiat currencies, and with bank-level asset security, you can trust that you’re safe. With high liquidity, the platform offers trading pairs of TRX with USDT, BTC, KLV, KCS, BTT, WIN, and others. The interface is also quite intuitive and easy to use, meaning inexperienced traders can feel as comfortable using it as seasoned veterans.
Binance. Binance is the biggest cryptocurrency exchange by 24-hour trading volume, so it should come as no surprise that it made our list. It is also one of the exchanges with an enviable spread of altcoins: if you want to trade TRX, you can do so with USDT, BTC, ETH, BNB, BUSD, XRP, BTT, and numerous others. If you don’t have any crypto, Binance also takes fiat, so you needn’t worry—you can get your TRX with your local currency or one of the top global currencies. Binance is accessible to traders of all skill levels, with trading options that advanced traders can take advantage of.
Bitfinex. Bitfinex is a professionals-only trading platform, with obligatory KYC which can take a long time—between six and eight weeks at a time. In other words, Bitfinex is best suited to those who know they’ll need its robust trading engine and myriad of trading options, as well as lower fees for higher volume trades. The fees are low to begin with, but the discounts only start once you’re trading more than half a million dollars’ worth of crypto, so they mean nothing to a retail investor. TRX can be traded against BTC and ETH, as well as fiat options. You can also use your credit card to buy coins on the exchange.
These are the five best places to purchase TRON (TRX) in 2021—but far from the only ones. Have we missed your favorite exchange? Do you want to add something? Feel free to contact us and let us know! In the meantime, subscribe to our newsletter so you never miss any important crypto-related news.