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How To Buy TRON (TRX) and Everything You Need To Know

12 mins
Updated by Maria Petrova
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If you want to buy TRON or, rather, its native TRX token, you should first familiarize yourself with the potential of this innovative decentralized project. What started out as a stepping stone to facilitating ownership-resistant digital content, TRON, the ecosystem has evolved since its inception in 2017. From supporting smart contracts to hosting decentralized applications, this blockchain is full of innovative surprises. This article details every aspect of the TRON blockchain, including its modus operandi, competitors, ecosystem, ways to buy and sell, and more. 

Our methodology for choosing the leading crypto exchanges for buying and trading TRON

Buy TRON (TRX) with just a few clicks on these secure platforms

YouHodler

Best for free BTC cloud mining
YouHodler
Explore YouHodler on YouHodler’s official website
Availability Europe & U.K.
Deposit fees 0
Trading fees rollover fee paid every fixed period of time
Limited time offer from $10 to $10,000 for the first deposit and trading volume

OKX

Best for mystery box offer
OKX
Explore OKX on OKX’s official website
Availability Worldwide
Deposit fees 0
Trading fees 0.08% (maker) / 0.10% (taker)
Limited time offer Airdrop up to $10,000

Coinbase

Best for beginners
Coinbase
Explore Coinbase on Coinbase’s official website
Availability U.S. & Europe
Deposit fees 0
Trading fees 0-0.4% (maker) / 0.05-0.6% (taker)
Limited time offer Bonus $10 for U.S. users

What is TRON? Unpacking the blockchain

What is TRON? The first thing you need to know about the project is that it started as an Ethereum-backed blockchain, with the TRX token adhering to the ERC-20 standard. The foundation was laid by Justin Sun, whose vision was to bring forth a decentralized ecosystem to revolutionize content sharing. Justin Sun currently serves as the CEO of TRON, the blockchain maintained by the Tron Foundation or the TRON DAO.

Did you know? Since its migration to an independent mainnet, tokens built on top of TRON have been following TRC-10 and TRC-20 as the token standards. While TRC-10 tokens are non-fungible in nature, TRC-20 is more like the ERC-20 token standard.

How does TRON work?

Let’s start with the basics. TRON acts like an open-source software module with a focus on decentralization. The ecosystem follows the proof-of-stake or PoS consensus but not in its traditional version. Its PoS implementation is termed DPoS, ensuring a higher level of efficiency. 

The TRON blockchain and its token TRX is essentially a content system built on top of a distributed storage architecture.

Tron partners
Partners: Tron

Despite the credibility of its owner, TRON has other reasons to be popular. These include the following:

  1. Active community
  2. High TRX liquidity across cryptocurrency exchanges
  3. Excellent DeFi presence led by the likes of protocols like JustLend, stUSDT, and more 
  4. Recently forged partnerships with the likes of Samsung to foray into the NFT ecosystem.
  5. The launch of the TRON DAO reserve, focusing on the TRX holders.
Tron's DeFi presence: DeFillama
Tron’s DeFi presence: DeFillama

“Ignore FUD, keep building! #TRON and #Huobi will thrive through continuous development. Trust in our vision and community efforts for a stronger future. Perseverance guarantees success!”

Justin Sun, founder of TRON: Twitter

Let us now see how Tron competes against other big names in crypto.

TRON and its competitors

TRON started out as an Ethereum-native project. Therefore, it is only fitting to mention Ethereum as one of its key competitors. And we will also compare EOS — another DPoS blockchain — as the second competitor.

TRON partners
TRON partners: Tron

TRON vs. Ethereum

If you’re looking to buy TRON, you should certainly be interested in how the blockchain compares to its gargantuan superior, Ethereum. Perhaps surprisingly, TRON has a bigger DeFi presence in comparison to Ethereum. Notably, while Ethereum follows the native PoS, TRON brings forth a delegated version of the same. 

We should also mention that transactions on the TRON blockchain are faster than on the Ethereum chain!

TRON vs. EOS

EOS, whilst supporting DPoS, is also faster than TRON. And while TRON primarily relies on its native TRX token, EOS adheres to the two-token ecosystem — EOS and RAM. The TRON trading potential looks higher than that of the lesser-known cryptocurrency, EOS. 

Unpacking the TRON ecosystem

The TRON ecosystem is a diverse one involving a wide range of elements. These include an extensive DApp and services network with the likes of JST — a DeFi-focused asset, BitTorrent integration, and more.


TRON network performance: TRON
TRON network performance: TRON

Another element of the TRON ecosystem is the TVM or the TRON Virtual Machine, lending 2000 TPS+ scalability to the chain. Plus, you get access to TRON wallets like TronLink and TronWallet. While TronLink is an app and also a browser extension, the TronWallet works like a decentralized app. 

The role of USDD stablecoin

The USDD stablecoin is an integral part of the TRON ecosystem. While this algorithmic entity is pegged to the U.S. dollar on a 1:1 basis, some of the primary use cases include trading, payments, and remittances. Termed USD Digital, the USDD stablecoin is also active on Ethereum and BNB blockchains.

Staking TRON

Per TRON’s staking mechanism, TRX holders can lock their tokens with Super Represenatives to secure the network further. Once staked, they stand a chance at earning additional TRX as a reward. Do note that TRON mining isn’t supported, and therefore, you cannot create TRX by solving puzzles. 

Now that we have some idea about TRON and what the ecosystem entails, let us move to the buying and selling discussions.

Where to buy TRON

Availability
150+
Cryptos
250+


Trading fees
0.1% and 0.3%
Bonus
50% for referral
Availability
100+
Cryptos
250+


Trading fees
0.00%-0.001%
Bonus
up to $200 for US
Availability
100+
Cryptos
350+
Trading fees
0.00% and 0.01%
Bonus
Up to $600
Availability
100+
Cryptos
80+
Trading fees
0.99%
Bonus
No fees for the first transaction
Availability
100+
Cryptos
200+
Trading fees
0.26%
Bonus
No bonus
Availability
100+
Cryptos
300+
Trading fees
Maker fee. 0.080%. 0.075% ; Taker fee. 0.100%
Bonus
Guaranteed airdrop up to $100
Availability
100+
Cryptos
700+
Trading fees
0.1%
Bonus
up to 700 USDT
Availability
40+
Cryptos
40+
Trading fees
Maker fee 0.019%. 0.075% ; Taker fee 0.060%
Bonus
Referral Program 40% in Bitcoin (BTC

Margex

Margex offers a unique experience with TRX, especially with its focus on margin trading. The platform’s leverage options allowed us to explore more aggressive trading strategies with TRX. Margex’s interface was intuitive, making it easier to navigate the complexities of leveraged trading.

KuCoin

KuCoin’s extensive cryptocurrency offerings, including TRX, provided us with a versatile trading environment. We were impressed by the platform’s integration of advanced trading features and its user-friendly interface. KuCoin’s staking and lending services added extra dimensions to our TRX investment strategies, enhancing our overall trading experience.

If you are ready to buy TRON, heading to a centralized exchange is likely the best option. Look for decent liquidity for specific TRX pairs. For instance, on Binance, the TRX/USDT pair enjoys the most liquidity. Kraken’s offering is also incredibly solid, with the platform focused on security and keeping your crypto safe. All of the above exchanges have been recommended thanks to their usability, industry reputations, and array of features.

How to buy TRON

For this demonstration, we’ve used Kraken to show you how to buy TRON.

1. Go to the Kraken mobile app. Select the exchange button with the two arrows in the purple circle.

buy tron step 1

2. Select the plus sign/ “Buy” button.

buy Tron step 2

3. Scroll down until you see TRON, then select it.

by Tron step 3

4. Select the amount of TRX that you would like to purchase. You can choose a pre-selected amount or a specific amount that you would like to buy.

buy trx step 4

5. Lastly, select your preferred payment method and continue to checkout.

buy trx step 5

Still unsure as to how to buy TRON without having to give out personal details? For that, you can buy TRON (TRX) on Uniswap, PancakeSwap, Sunswap, and other decentralized exchanges.

How to sell TRON (TRX)?

1. First, open the Kraken app, select the purple button, and search for TRON in the box.

sell tron step 1

2. Select “Sell” and the amount of TRX that you would like to sell.

sell tron step 2

3. Lastly, swipe the slider to the right to complete your sell order.

sell tron step 3

To sell TRON, you can either head over to a CEX, open a position, and later close the same, as per your requirements. You can even sell your TRX token (s) on DEXs like TronTrde, Poloni, TronSwap, and more — platforms that support Tron-compatible wallets. 

Buy TRON from DEX: Coinmarketcap
Buy TRON from DEX: CoinMarketCap

TRX price prediction

TRON, courtesy of its credibility in the DeFi world and surge in network activity, looks to be a decent project long term.

However, it is the long-term TRX price prediction that is most likely to exude confidence. Per the TRX price prediction, TRON might have the legs to reach $5.50 by 2035, making us bullish about its long-term future. Note that price predictions should always be taken with a pinch of salt, and discretion is advised. 

Has TRX got a future?

TRON (TRX) utilizes the potential of decentralization in the best possible way. Further, TRX, the native coin, isn’t only suitable as an investment option. TRX has a role in voting and ecosystem participation, from transaction fees and token creation per the TRC standards to cross-chain interactions, TRON trading, and more. While all of this looks positive, remember that web3 and crypto ecosystems are highly volatile. Never invest more than you can afford to lose.

Frequently asked questions

How can I buy TRON?

Is TRON legal in the U.S.?

Is it worth buying TRON?

Can TRON hit $1?

Is TRON mining possible?

Will TRON ever rise?

Can TRON make you a millionaire?

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Ananda Banerjee
Ananda Banerjee is a technical copy/content writer specializing in web3, crypto, Blockchain, AI, and SaaS — in a career spanning over 12 years. After completing his M.Tech in Telecommunication engineering from RCCIIT, India, Ananda was quick to pair his technical acumen with content creation in a career that saw him contributing to Towardsdatascience, Hackernoon, Dzone, Elephant Journal, Business2Community, and more. At BIC, Ananda currently contributes long-form content discussing trading,...
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