Where to Buy TRON – Beginner’s Guide

Looking to buy TRON? TRON is a well-established crypto ecosystem with its crypto TRX used as currency on social media platforms and beyond. TRON is also popular with DApp developers and hosts more stablecoins than any other network. As a crypto investment, TRON is therefore a solid choice after racking up over 5bn transactions in its 4-year history.

But where to buy TRON? This is the big question we aim to answer below. We review 3 leading crypto exchanges. Can a crypto beginner buy TRX safely in a matter of hours with no experience? We think so.

Where to Buy TRON

How to buy Tron coins in a way that suits you depends on your experience level. If you are feeling adventurous, try out crypto exchanges, with their wide choice of crypto and advanced trading options.

1. Crypto.com – Modern Crypto Exchange with a Beginner-Friendly Mobile App

Crypto.com is the 9th-biggest crypto exchange in the world. It boasts over 10m customers and handles roughly $3bn of business every day. Crypto.com has been making waves recently with a big advertising campaign centered around famous actor Matt Damon.

You can buy TRX with Crypto.com in three ways. You can deposit USD into your account and buy TRX. You can deposit crypto you already own and trade TRX on crypto.com’s exchange. Or you can buy TRX directly with a credit card (watch out for 2.99% fees, waived for the first month you hold a Crypto.com account.)

This exchange has a range of 250+ crypto and an impressive suite of financing options:

• Spend your crypto in the real world with the Crypto.com Visa card.
• Get a crypto loan charged at 8% p.a. interest using crypto as collateral.
• Stake crypto for up to 14.5% p.a. interest.

The Crypto.com trading app is well-reviewed, with 4.3/5 average score on the App Store and 3.7/5 on Google Play. Slanted at the beginner, Crypto.com is a good choice if you are not experienced.

Cryptoassets are a highly volatile unregulated investment product. 

2. Coinbase – Popular and Reputable US Cryptocurrency Exchange 

US investors can feel at home with San Francisco-based Coinbase. This is the second-biggest crypto exchange in the world with over 20m users. It was the first crypto exchange to go public on the stock markets, with a 2021 NASDAQ IPO.

Coinbase has 169 crypto that you can trade. The process is simple: get signed up, get verified, deposit funds, and buy. Easy!

PayPal enthusiasts will be pleased to hear that you can use PayPal to fund your Coinbase account and withdraw. But Coinbase is phasing out credit card purchases (owing to regulatory worries).

Like fellow exchange Crypto.com, Coinbase does a relatively good job of assisting the crypto newbie. You can gain crypto rewards for completing learning modules online. And there is a massive register of all known crypto to browse through and get the lie of the land (although most coins featured are not accessible via Coinbase).

Cryptoassets are a highly volatile unregulated investment product. 

3. Binance – Giant Exchange to Buy TRX 

If you really want to explore the trading possibilities of crypto TRON, head to the Binance exchange. This is the biggest exchange in the world, with 90 million registered users and 600+ crypto users listed.

You can buy TRON directly with a credit card, fund your account with either fiat currency (like USD) or crypto and use the Binance exchange, or engage in P2P trading (peer-to-peer trading).

You can get signed up and verified with Binance as you would with any other regulated broker or exchange. But note that Binance has gotten into regulatory troubles in the past. Security is stiff, though, with two-factor authentication every time you log in or move crypto or funds out. Binance also runs an in-house insurance fund to recompense any investors losing out to fraud or cybertheft.

Binance comes into its own with a range of trading and financing options on offer. To avoid getting overwhelmed, beginners should stick to the ‘classic’ view on the desktop version and ‘Binance Lite’ on the smartphone app.

Cryptoassets are a highly volatile unregulated investment product. 

What is TRON?

It is important to distinguish between the crypto coin TRX and its founding body TRON:

TRX was launched by the Singapore-based TRON Foundation. This body is approved by the Singapore Registrar of Companies and was until recently, headed by Justin Sun. Sun is a protégé of the founder of the wildly successful online Asian platform Alibaba, Jack Ma. The TRON network is now, however, fully decentralized in terms of ownership and officially a DAO (Decentralised Autonomous Organisation).

The TRON blockchain has developed many applications. Principally, it is used by a number of leading decentralized social media platforms, like Steemit and Noixion. Content creators are rewarded for popular content by getting paid in TRON’s cryptocurrency Tronix (TRX).  Tron runs its own decentralized social media platform called Tronchat. TRON is also popular with DApp developers.

Is TRON a Good Investment?

Like all crypto, TRON registers as a high-risk investment compared to bonds, ETFs, and stocks. Crypto investments in general are therefore good investments for the high-risk part of your portfolio. But only 1-5% of your asset portfolio should be high-risk. The rest should be in medium and low-risk assets, including stocks, ETFs, commodities, and of course cash.

But how much of a good investment is TRON compared to other crypto? Let’s explore:

Celebrity TRON Leader

TRON founder Justin Sun said in December 2021 that he is scaling down his involvement in crypto in order to devote his time to being a diplomat for Grenada. Whatever Sun’s future plans, his verve has given TRON a uniquely-strong position in the crypto world. Sun was named in Forbes China 30 Under 30 three times and founded the popular live chat app Peiwo in China, which attracted over 10 million registered users. Sun currently has over 3m followers on Twitter.

Established Crypto

Because TRON was launched back in May 2018 and is used as part of a working ecosystem with more than 150m accounts, it is not a high-risk crypto. TRON is neither new nor just an ERC-20 token that does not achieve anything (like some meme coins).

Good Crypto Fundamentals

TRON has a substantial market capitalization of over $5.9 billion. It is ranked by crypto data specialists CoinMarketCap.com as the 15th-largest cryptocurrency. Roughly $216 million of TRON changes hands every day. The TRON network also hosts the largest circulating supply of stablecoins globally and is very popular with DApp (decentralized applications) developers.

The TRON blockchain is also exceptionally fast when it comes to completing transactions. Whereas Bitcoin achieves 6 transactions per second (tps) and Ethereum 25 tps, TRX can handle 2,000 tps.

TRON Strategic Partnerships

TRON has grown rapidly since 2018 and this is down to it investing in some sensible partnerships. TRON bought popular file-sharing software provider BitTorrent in 2018. It also invested heavily in the trading platform Poloniex, which aims to be the Goldman Sachs of the crypto world. TRON is the only China-made blockchain to be supported by electronics giant Samsung and has further partnered with start-up Swisscom Blockchain and popular web browser Opera.

Buy the Dip

The price of TRON has been down by almost 80% compared to its all-time high of $0.20. After hitting a yearly all-time high in 2021 by reaching $0.157, TRON followed the bearish direction of the whole cryptocurrency market. Many investors use this opportunity to buy the dip as they believe in the future of this crypto project which has a good potential for growth in the future. 

TRON Price

The TRON (TRX) price is currently $0.065, with a YTD return of slightly over 20% in 2023. That means each TRX coin is worth just over 6c. The TRON price rocketed after its ICO from $0.002 to an all-time high of $0.30 on January 5th, 2018. By the end of 2018, the price had fallen back to just over $0.01.

• From March 2020, the price did not stop rising until the crypto market peaked as a whole in April 2021. At this point, the price of TRON reached a year-high of over $0.16.
• Since November 2021, the TRON price has fallen until reaching $0.0534 on 25th January 2022.
• This 5c mark has acted as a significantly lower platform for the price on two occasions in the past: 20th July 2021 and 23rd June 2021. That is not to say that the price will definitely not fall below this point in the future. But, in terms of technical charting, when a price bounces up off a previous level of resistance, this is considered to predict a period of upswing directly afterward.
• TRON experienced multiple ups and downs during the first months of 2022, but its price remained above $0.05.
• The coin was traded above $0.06 from the second half of the year, and only in November, it decreased to $0.05 as the whole market entered a “crypto winter” at that time. 
• The value of the TRON slightly increased when it entered 2023, but soon after that, it again dropped to $0.050. 
• From the middle of January, TRON prices started to increase again and peaked at $0.072. 
• The coin experienced another decrease in March when the value of the TRON dropped to $0.056. 
• The coin is traded at $0.065 at the time of writing with a YTD return rate of 20%.

TRON All-time Price Performance, Source: coinmarketcap.com

TRON Price Prediction

The risk with the price of TRON is not that it will suddenly collapse — like a meme crypto price might. The risk is that the TRON ecosystem is an established, sound business with limited capacity for dramatic price upswings. TRX hit its all-time high over 4 years ago now.

TRON is popular with DApp developers, as it offers valuable features for the DeFi ecosystem. As a significant crypto project with great growth potential, TRON is a definite Buy/Hold recommendation. If the price of Bitcoin begins to climb significantly, expect TRON to follow suit.

Price-predicting platforms also provide a positive outlook for TRON’s future price. According to Digital Coin Price, TRON will have an average price of $0.13 this year, with a maximum price of $0.14 and a minimum price of $0.058. The coin is expected to hit its next all-time high only in 2028, possibly reaching as high as $0.35. In 2030, TRON’s value can increase to $0.66.

The Price Prediction platform provides a similarly positive outlook. It indicates that TRON can reach $0.097 in one year, while its average price can be almost $0.4 in 2027. According to this platform, TRON can hit $1 in 2030 with a maximum price of $1.39. On the other hand, Wallet Investor’s predictions are quite pessimistic, as the platform’s calculations indicate that TRON can drop to $0.050 in one year and lose 21% of its current price.

Ways of Buying Tron

Some investors favor trading with convenient PayPal or credit cards. But, because it now offers its own crypto service, PayPal is getting less popular with exchanges as a means of deposit. And some exchanges are reducing their credit card services over regulatory fears.

Buy TRON with PayPal

You can use Coinbase to buy and sell Coinbase. You can use PayPal in certain P2P transactions with Binance.

Buy TRON with a Credit Card or Debit Card

Crypto.com and Binance are your best bets if you want to buy TRON with a credit card and debit card. Watch out for fees, though.

How to Sell Tron

Here is some good news: you do not need to go online and search for a buyer in order to sell your TRON.

If you buy TRX with any of the exchanges we have reviewed, these vendors will buy your TRON back from you: no quibbles. You simply need to buy your crypto and it will be held for your safety until you decide that the TRON price has moved to a point where you want to sell.

Conclusion

We have reviewed four top crypto vendors and assessed them on the basis of security, convenience, fees, and choice of crypto. We like the wide range of crypto on offer with the exchanges Crypto.com, Coinbase and Binance. We also like that users can try out crypto financing options like crypto staking on these platforms with a wide range of options.

Frequently Asked Questions on TRON