Tron (TRX) is often referred to as the “penny stock” of cryptocurrencies. Thanks to its huge total supply and low price per coin, TRX has managed to become one of the top 15 most valuable cryptocurrencies according to CoinMarketCap.
For those unfamiliar with Tron, it’s one of the world’s largest blockchain platforms operating as an operating system. Renowned for its high throughput, Tron aims to become an alternative to Ethereum by offering its own virtual machine for running smart contracts and decentralized applications (DApps).
China is paying particular attention to the project, and given past experience with assets like NEO, this could be a major growth catalyst for TRX.
Ways to Buy Tron (TRX)
There are several proven ways to purchase TRX:
- Via bank transfers or fiat currency deposits
- In exchange for other cryptocurrencies (e.g. BTC, ETH or USDT)
- Using a credit or debit card
- Through P2P platforms or personal cash transactions
Where can I buy Tron?
1. Buying TRX for fiat via bank transfers
Since TRX is among the top 20 cryptocurrencies, it can be purchased with fiat currencies such as dollars (USD), Indian rupees (INR), Chinese yuan (CNY), Korean won (KRW), and others. This requires verification (KYC) on an exchange or platform that supports fiat deposits. Please note: this method is not anonymous.
2. Exchange other cryptocurrencies for TRX
Most major crypto exchanges support TRX to BTC, ETH, and USDT pairs. Here are a few trusted platforms:
- Binance: TRX/BTC, TRX/ETH, TRX/USDT
- HTX (бывш. Huobi): TRX/BTC, TRX/ETH, TRX/USDT
- Gate.io: TRX/ETH, TRX/USDT
- Bittrex: TRX/BTC, TRX/ETH, TRX/USDT
If you already have Bitcoin, Ethereum, or stablecoins, exchanging them for TRX is quick and easy.
3. Buying TRX with a card
Purchasing cryptocurrency with a card is one of the most convenient methods for beginners. TRX is supported by a limited number of services, but it is still possible to purchase it with a card. At the time of publication, only one major provider offers this option.
4. Buying TRX with cash
Finding an opportunity to buy TRX directly with cash is more difficult than with BTC or ETH, as there are almost no dedicated P2P platforms for TRX. However, you can negotiate a deal with local traders. This method carries a risk of fraud, especially without an escrow service.
Conclusion: Is TRX worth buying?
Tron gained widespread popularity during the previous bull market. Since then, the project has evolved significantly, from its initial idea of a “cryptocurrency for gamers” to a fully-fledged platform for the decentralized web.
TRX’s future remains uncertain, as does the entire crypto market. However, interest from China and the active development of its ecosystem make it a promising asset to watch.
Important advice: If you’ve purchased a significant amount of TRX, don’t store it on centralized exchanges. Instead, transfer your funds to the official Tron wallet.
