Where & How to Buy Tron [TRX] in 2024 Best Places

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Last updated Jul 08, 2024 | 07:40 AM UTC

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Intro

Figuring out how to buy Tron can seem challenging, but don't worry! We already did the research for you.

Selecting the best cryptocurrency exchange is a simple way to begin. You can also go with a decentralized exchange, where you won’t have to verify your identity.

Once you've created an account, verified your identity, and deposited funds, you're all set to start trading TRX. 

Here's a comprehensive guide to getting you started, plus alternative places where you can purchase TRX.

 

How to Buy Tron - Step-by-Step

The best way to buy Tron is on a cryptocurrency exchange. 

Start by choosing a reputable exchange. Create an account, deposit funds, and locate the TRX trading pair. Then, execute your purchase and store your Tron in a secure crypto wallet. 

Detailed steps on how to buy TRX are provided below.
 

  • Step 1: Compare and choose a crypto exchange
  • Step 2: Sign-up
  • Step 3: Secure your account
  • Step 4: Verify your identity
  • Step 5: Add a payment method
  • Step 6: Deposit funds
  • Step 7: Place an order

 

Step 1: Compare and Choose a Crypto Exchange

When considering where to buy Tron, pick a trusted crypto exchange (KuCoin, Kraken, Coinbase, or BinanceUS) that suits your needs.

Prioritize platforms that operate within your region, offer user-friendly interfaces, low fees, and robust security measures.

Most established exchanges will operate globally, but hat means you also need to comply with ID verification rules. 

Still, these exchanges employ some of the best security practices (encryption, data protection, SSL) so your identity and funds will remain secure.

Naturally, some exchanges are designed to help novice traders and investors manage with ease, while others offer more features and tools for experienced traders. 

Luckily, you can register on multiple platforms and explore the interface before you commit to funding your account. 

Look for exchanges that provide 24-hour customer service and essential features like built-in Tron wallets or support for external ones.

Make sure the exchange has a proven track record, reserves proof, extensive audits, and regulatory compliance in your region.

You can find this information directly on the platform by checking documentation or heading to Reddit to explore what other users said.
 

Step 2: Sign-up

To buy TRX on a cryptocurrency exchange, visit its site or download the app.

You can create an account by providing personal details such as your full name and email address.

Some exchanges offer a convenient one-step sign-up process using your Google or Apple account.
 

Step 3: Secure Your Account

For optimal asset security, it is advisable to enable two-factor authentication (2FA). This extra security layer boosts your account protection.

It requires both a password and a secondary verification. Typically, you will receive a unique code on your mobile device which you’ll type on the platform.

Besides, 2FA makes it harder for unauthorized individuals to access your account. Even if they get your password through phishing or data breaches, they'll still face an additional layer of security.
 

Step 4: Verify Your Identity

Verifying your identity through Know Your Customer (KYC) is a standard procedure on most regulated exchanges.

Regulatory agencies require this step to maintain transparency and discourage illegal activity.

For KYC verification, you'll need a government-issued identification document, such as a passport or driver’s license.

Furthermore, be ready to provide personal information such as your billing or home address. 

Also, have some photo ID and your phone ready.

The procedure can vary in duration, ranging from a few minutes to several days. This depends on the exchange's protocols and the volume of requests it’s handling.

While it may seem an inconvenience, it is a crucial step in maintaining the integrity and security of cryptocurrency transactions.
 

Step 5: Add a Payment Method

To add a payment method to your exchange account, consider several options:
 

  • Bank transfers: Transfer funds directly from your bank account to your exchange account. This option offers convenience and security, although processing times may vary
  • PayPal: It is often quick and convenient, but may be subject to additional fees. Not available on all platforms
  • Credit or debit cards: This method offers convenience. But, be aware of potential additional costs and risks associated with credit card transactions
  • Other cryptocurrencies: Transfer funds from other cryptocurrencies directly into your exchange account. This option may be suitable for those already holding digital assets looking to trade or invest further

 

Step 6: Deposit Funds

When depositing funds, follow the instructions provided by the exchange.

Make sure that you correctly fill out every field in the bank details section, including any necessary transfer reference numbers.

Any mistakes could cause delays in crediting your account or, worse, returning the funds to your bank.

It is also a good idea to verify if the exchange has any minimum deposit restrictions before proceeding with the transfer.
 

Step 7: Place an Order

After funding your account, navigate the exchange's platform to locate TRX.

On beginner-friendly exchanges, simply input your desired USD or TRX amount and click "Buy" in the “Instant Buy” section.

Alternatively, check out the trading feature of the exchange, where you can execute a market or limit order.

Market orders trade at the current price instantly. Meanwhile, limit orders allow you to set a preferred price, only executing when the market matches your specified price.

When ready, head to the trading section of the exchange and choose the TRON trading pair, commonly with BTC, USDT, or USD.

Then, input your desired TRX amount, review transaction details, and confirm.

Once you complete the transaction, the exchange will successfully add your purchased Tron to your portfolio.

 

Where to Buy TRX - Best Places

If you're searching for where to buy Tron coin in US, various avenues cater to different preferences and needs.

Centralized crypto exchanges provide convenience and liquidity, while crypto wallets offer control over assets.

Meanwhile, peer-to-peer platforms facilitate direct trades, and cryptocurrency ATMs offer accessibility in physical locations.

Furthermore, decentralized exchanges prioritize privacy and security, and over-the-counter desks cater to large-volume trades with personalized service.
 

  • Centralized crypto exchanges
  • Crypto wallets
  • Peer-to-peer (P2P) platforms
  • Cryptocurrency ATMs
  • Decentralized exchanges
  • Over-the-counter (OTC) desks

Best Sites

Established in 2011, Kraken is a trusted cryptocurrency exchange renowned for its longevity and diverse trading interfaces, catering to a broad user base.

General Information

Year founded: 
2011
Coins Available: 
Bitcoin
Ethereum
Tether
Polkadot
Chainlink
Cardano
Bitcoin Cash
Litecoin
Uniswap
USD Coin
XRP
Aave
Stellar
Tezos
Curve DAO Token
Algorand
Monero
Synthetix
Dai
Filecoin
Compound
EOS
The Graph
Cosmos
Keep Network
ICON
yearn.finance
TRON
Qtum
Dash
Basic Attention Token
Zcash
Kusama
OMG Network
Waves
Nano
Dogecoin
Enzyme
Decentraland
Kava.io
Ethereum Classic
Orchid
Kyber Network
Storj
Siacoin
Lisk
Aragon
PAX Gold
Gnosis
Balancer
tBTC
Augur
0x
1inch
Aavegotchi
Acala Token
Adventure Gold
Akash Network
Alchemix
Alchemy Pay
Alien Worlds
Ambire AdEx
Ampleforth Governance Token
Ankr
APEcoin
API3
Aptos
Arbitrum
ARPA Chain
Astar
Audius
Avalanche
Aventus
Axie Infinity
Badger DAO
Bancor
Band Protocol
BarnBridge
Biconomy
Bifrost
BitDAO
Blur
Bluzelle
BitTorrent Chain
Boba Network
Bonfida
Bonk
r/FortNiteBR Bricks
Cartesi
Celer Network
Celestia
Centrifuge
Chain
Chiliz
Chromia
Civic
Coin98
Convex Finance
COTI
Covalent
Dent
dYdX
Energy Web Token
Enjin Coin
Ethereum Name Service
Euler
Fantom
Fetch.ai
Flare
Flow
Frax Share
Gala
Galxe
Gari Network
GensoKishi Metaverse
Gitcoin
GMX
Green Satoshi Token
Harvest Finance
Hashflow
IDEX
iExec RLC
Immutable
Injective Protocol
Internet Computer
Jasmy
JITO
JUNO
Karura
Keep3r BSC Network
KeeperDAO
KILT Protocol
Kin
LCX
Lido DAO Token
Livepeer
Loopring
Maker
Mango
Marlin
Marinade Staked SOL
Mask Network
Merit Circle
Mina
Mirror Protocol
Moonbeam
Moonriver
r/CryptoCurrency Moons
Multichain
MultiversX
My Neighbor Alice
MXC
NEAR Protocol
Numeraire
NYM
Ocean Protocol
Optimism
Orca
Origin Protocol
OriginTrail
Oxygen
PayPal USD
Pepe
Perpetual Protocol
Phala.Network
PlayDapp
Polkastarter
Polygon
Power Ledger
PYTH Network
Quant
Radicle
Rarible
Raydium
Ren
Render Token
Request
Robonomics.network
Rocket Pool
Rubic
Saber
Samoyedcoin
Secret
Sei
Selfkey
Serum
SHIBA INU
Shiden Network
Solana
Songbird
Spell Token
Stacks
Stafi
Star Atlas
Star Atlas DAO
Stargate Finance
Stella
Step Finance
STEPN
Sui
SuperRare
SuperVerse
SushiSwap
Swipe
Synapse
Terra 2.0
Terra Classic
TerraClassicUSD
Terra Virtua Kolect
Tether EURt
The Sandbox
THORChain
Threshold
TrueFi
TrueUSD
Unifi Protocol DAO
UMA
WOO Network
Wrapped Bitcoin
WETH
Yield Guild Games
Altair
Basilisk
Crust Shadow
Genshiro
HydraDX
Integritee
Interlay
Kintsugi
LimeWire
Nodle
Parallel Finance
Picasso
Polygon Ecosystem Token
pSTAKE
Tokemak
Wrapped Axelar
Website Languages: 
Chinese
English
Filipino
French
Italian
Japanese
Portuguese
Russian
Spanish
Turkish
Ukrainian
Vietnamese

Anonymity

As a registered US exchange, Kraken strictly adheres to KYC & AML laws, prohibiting the creation of anonymous accounts and ensuring regulatory compliance.

Reputation

With one of the best reputations in the industry, Kraken holds the distinction of being the only crypto company worldwide to secure an SPDI banking license.

Pros and Cons

Supports hundreds of coins
High liquidity
Simple and user-friendly interface
Good customer support options
Lots of advanced trading features like margin, futures, and indices trading
No insurance fund for assets on the platform
Doesn’t offer a crypto credit card
No personal wallet service for traders
Supports only a few fiat currencies

Huobi Global, established in 2013, is a world-leading crypto trading platform, providing secure and convenient trading services for digital assets.

General Information

Year founded: 
2013
Coins Available: 
Bitcoin
Ethereum
Litecoin
Uniswap
Polkadot
Bitcoin Cash
Chainlink
Bitcoin SV
EOS
XRP
SushiSwap
Tether
Curve DAO Token
BitTorrent
TRON
Sun
Aave
FTX Token
Zcash
Cardano
Huobi Token
Matic Network
JUST
Basis Gold Share
THETA
yearn.finance
Filecoin
Cosmos
Amun Bitcoin 3x Daily Long
OMG Network
Terra
Algorand
Ethereum Classic
Massnet
DFI.Money
1inch
IOST
Nervos Network
Band Protocol
Dash
Amun Ether 3x Daily Long
Tezos
Kusama
Ontology
Reef
Horizen
Stellar
Amun Ether 3x Daily Short
NEAR Protocol
Neo
Badger DAO
The Graph
Synthetix
Qtum
Dogecoin
Phala.Network
Waves
Polkastarter
Compound
Monero
Tellor
Amun Bitcoin 3x Daily Short
WaykiChain
Reserve Rights
NEM
Crypto.com Coin
Bounce Token (Old)
BoringDAO
Kava.io
VeChain
TitanSwap
Akropolis
Solana
Ren
Thunder Token
Marlin
NEST Protocol
IOTA
0x
Pearl
Linear
SKALE Network
Bytom
Aragon
Acute Angle Cloud
ForTube
Avalanche
Zilliqa
Loopring
Value Liquidity
Basic Attention Token
GXChain
Decentraland
BOX Token
Elastos
MXC
Nexo
Swerve
Storj
Tierion
Seele-N
Golff
Whole Network
Achain
Civic
API3
Decred
YAMv2
Maker
YEE
Alchemy Pay
ICON
Dai
Cortex
Arweave
The Sandbox
Loom Network
Injective Protocol
Bluzelle
Crust
Orchid
MCO
BitcoinHD
Meta
IRISnet
Chiliz
Darwinia Network
Lambda
Balancer
ARPA Chain
Bancor
Frontier
Origin Protocol
UnlimitedIP
Bitcoin Cash ABC
UMA
Kyber Network
Wootrade
aelf
Aeternity
USD Coin
Ankr
Nebulas
NXM
Kcash
PowerPool
Huobi Pool Token
Stafi
HyperCash
New BitShares
Hedera Hashgraph
Nsure.Network
Content Value Network
Robonomics.network
Status
MediShares
BitShares
nHBTC
AirSwap
Holo
Fusion
Harmony
SunContract
Arcblock
Firo
MX Token
Eminer
v.systems
dForce
Wrapped Bitcoin
Nano
dHedge DAO
Paxos Standard
BillionHappiness
Enzyme
IoT Chain
Steem
Genaro Network
CyberMiles
Matrix AI Network
Hive
BitKan
QASH
SIRIN LABS Token
Cred
GateToken
Dock
NKN
Ruff
NULS
Wanchain
Golem
Litex
Pundi X (Old)
Intelligent Investment Chain
Bibox Token
Davinci Coin
WAX
InvestDigital
TrueUSD
BitUP Token
DigixDAO
SwftCoin
DATx
Lympo
DATA
Smartshare
Carry
SmartMesh
XMax
U Network
BitCapitalVendor
Origo
BeeKan
Yuan Chain Coin
GET Protocol
YouLive Coin
Global Social Chain
FansTime
FairGame
Waltonchain
Promotion Coin
Atlas Protocol
EMOGI Network
Skrumble Network
dKargo
Engine
Project Pai
renBTC
Verge
Odyssey
Siacoin
pNetwork
CNNS
Game.com
VIDY
UGAS
Lisk
Standard Tokenization Protocol
Utrust
Ravencoin
Chromia
Pivot Token
Time New Bank
DeepBrain Chain
Newton
Komodo
Wirex Token
TOP
AI Doctor
EDUCare
QunQun
Electroneum
Power Ledger
Request
TopChain
EduCoin
Egretia
Propy
ShineChain
Medicalchain
Tripio
Polymath
ChatCoin
Gas
Datum
Metal
Content Neutrality Network
Quantstamp
All Sports
Bitcoin Diamond
STK
Portal
BnkToTheFuture
TenX
CVCoin
MyToken
HitChain
Bitcoin Gold
AppCoins
Raiden Network Token
Ripio Credit Network
SALT
CoinMeet
LinkEye
MEX
OST
sBTC
Globalvillage Ecosystem
WePower
ThingsOperatingSystem
Ardor
Matryx
BitcoinX
Lunyr
Beefy.Finance
Zilla
Phoenix Global
Rate3
DigiByte
Groestlcoin
EchoLink
Everex
Nucleus Vision
COVA
Enigma
NeuroChain
AdEx Network
HUSD

Anonymity

Adhering to global regulatory standards, Huobi Global implements stringent KYC and AML procedures.

Reputation

Huobi Global has earned a solid reputation for its longevity, liquidity, and global reach in over 130 countries.

Pros and Cons

Hundreds of tradeable assets
Lots of advanced trading options and features
Dashboard is advanced, and yet user-friendly
Comprehensive and efficient mobile presence
Innovative and secure wallet
Cumbersome account registration process
Low withdrawal limits
Restricted to USA users
Low leverage for margin trading
No investment programs for passive earnings

OKCoin crypto exchange is a well-established platform providing access to a variety of digital assets for traders globally, with a focus on offering fiat-to-crypto trading pairs.

General Information

Year founded: 
2014
Coins Available: 
Bitcoin
Ethereum
Tether
Dai
Stacks
Bitcoin SV
USD Coin
yearn.finance
Bitcoin Cash
Litecoin
STASIS EURO
Uniswap
Compound
Hedera Hashgraph
Polkadot
TRON
Celo
Ethereum Classic
Celo Dollar
USDK
1inch
Aave
Cardano
Adventure Gold
Algorand
Aragon
APEcoin
API3
Arweave
Astar
Cosmos
Avalanche
Axie Infinity
Badger DAO
Bancor
Blockchain Brawlers
Chiliz
Clover Finance
Crypto.com Coin
Curve DAO Token
Convex Finance
dHedge DAO
DIA
Dogecoin
dYdX
Elrond
Enjin Coin
Ethereum Name Service
Flow
Flare
Ampleforth Governance Token
Fantom
Gala
Aavegotchi
The Graph
Internet Computer
ICON
Immutable
Kadena
Kyber Network
Keep3rV1
Kusama
PlatON
Lido DAO Token
LINK
Livepeer
Loopring
Terra
Terra Classic
MAGIC
Decentraland
Mask Network
Polygon
MetisDAO
Mina
Maker
Numeraire
Harmony
Optimism
Perpetual Protocol
Phala.Network
Ravencoin
The Sandbox
Stader
SHIBA INU
SKALE Network
Smooth Love Potion
Synthetix
Solana
Spell Token
Storj
SushiSwap
Tellor
UMA
TerraClassicUSD
WAX
Wrapped Bitcoin
Wing Finance
Stellar
Nano
Tezos
DFI.Money
Zcash
Horizen
Zilliqa
0x

Anonymity

OKCoin enforces KYC verification procedures, mandating users to undergo identity verification to access trading services.

Reputation

OKCoin is recognized for its strong reputation, known for its reliable platform, liquidity, and compliance with regulatory standards.

Pros and Cons

Very low trading fees
Offers advanced trading services and features like futures and margin trading
Very high liquidity
Fiat currency deposits and withdrawals
Top level security
A lower number of cryptocurrencies on offer when compared to other big exchanges
A lower number of crypto pairs on offer
Requires level 2 verification before you can withdraw
Comes only in the English language
Fraudulent insurance claim

Bithumb, established in 2013, is a South Korean cryptocurrency exchange recognized for its significant trading volume.

General Information

Year founded: 
2014
Coins Available: 
Ethereum
Bitcoin
XRP
THETA
Swipe
Anchor Neural World
Hive
MiL.k
Factom
Bitcoin SV
Polkadot
Enjin Coin
Bitcoin Cash
Litecoin
Chainlink
Uniswap
EOS
Cardano
Terra
yearn.finance
Stellar
Qtum
Ethereum Classic
ICON
IOST
TRON
QUEENBEE
NEM
Tezos
Pundi X (Old)
OMG Network
TrustVerse
WaykiChain
Waves
Kyber Network
Loom Network
VeChain
Cred
Zcash
Algorand
AnimalGo
Zilliqa
Cosmos
0x
Metal
The Sandbox
Basic Attention Token
Orbit Chain
Sun
Loopring
The Midas Touch Gold
UMA
Serum
Mirror Protocol
Nestree
Ankr
DAD
Bitcoin Gold
Tachyon Protocol
TEMCO
BORA
BASIC
TrueChain
MXC
PIVX
DragonVein
RING X PLATFORM
Status
FNB Protocol
Crypto.com Coin
BitTorrent
JUST
EFFORCE
QuarkChain
Bitcoin Diamond
Observer
Quiztok
Contentos
WAX
Eminer
Augur
Xensor
All Sports
Aion
Aurora Chain
Proton
WEMIX
Davinci Coin
Lambda
aelf
Dash
Valor Token
Bitcoin Cash ABC
Steem
Power Ledger
ELYSIA
Electric Vehicle Zone
Metadium
v.systems
Precium
Orbs
AMO Coin
MixMarvel
Bezant
FLETA
Function X
Cortex
MovieBloc
Chromia
Waltonchain
GXChain
APIX
CONUN
BOSAGORA
ARPA Chain
Hdac
Multi Channel Influencer Creater Cloud Funding Platform
Stratis
Ontology
Centrality
WeShow Token
CyberVein
Golem
Decentralized Vulnerability Platform
apM Coin
Adappter Token
Origo
SoMee.Social
OneRoot Network
Aeternity
HYCON
WOM Protocol

Anonymity

Adhering to regulatory requirements, Bithumb implements KYC and AML procedures.

Reputation

Bithumb has played a pivotal role in the South Korean crypto market, gaining a reputation for liquidity and reliability. This exchange has great selection of altcoins and high trading volume. 

Pros and Cons

Offers trade in all major coins
Crypto trading bot
Easy to navigate for newbies
Sensible investment portfolios
Top quality customer support service
Very slow account verification process
No referral program
Only for South Korean residents
Supports only KRW as a fiat currency
Not enough information about security

Binance US, launched in 2019, is a prominent cryptocurrency exchange catering to the American market with a wide array of trading pairs and advanced features.

General Information

Year founded: 
2019
Coins Available: 
Tether
Ethereum
Bitcoin
Cardano
Chainlink
Uniswap
XRP
VeChain
Binance USD
Matic Network
Litecoin
Stellar
Algorand
Compound
Elrond
Tezos
Zilliqa
Hedera Hashgraph
Binance Coin
Maker
Solana
USD Coin
ICON
Bitcoin Cash
Horizen
OMG Network
Helium
Band Protocol
IOTA
EOS
Cosmos
Basic Attention Token
Nano
Neo
Dash
Decentraland
Dogecoin
VeThor Token
Zcash
Kyber Network
Waves
0x
Harmony
Orchid
Qtum
Dai
Ontology
Ravencoin
Ethereum Classic
Augur
Storj
PAX Gold
Polygon
Polkadot
SHIBA INU
TRON
Avalanche
Filecoin
Aptos
Lido DAO Token
TrueUSD
NEAR Protocol
Quant
Internet Computer
APEcoin
The Graph
Fantom
Aave
MultiversX
Flow
Immutable
THETA
Axie Infinity
The Sandbox
Optimism
Curve DAO Token
Synthetix
Render Token
Loopring
Mask Network
Threshold
Kava Lend
Ankr
Balancer
yearn.finance
Fetch.ai
Celo
1inch
Enjin Coin
Theta Fuel
Gala
Astar
Kusama
Ethereum Name Service
Audius
SushiSwap
Golem
Kadena
Ocean Protocol
Biconomy
Alchemy Pay
FLUX
Livepeer
SKALE Network
WAX
Celer Network
Illuvium
DigiByte
Lisk
API3
Syscoin
Gitcoin
Stargate Finance
Smooth Love Potion
Ren
Numeraire
Polymesh
Request
Galxe
Cartesi
Radicle
Aragon
Bancor Network Token
Prometeus
COTI
Marlin
Spell Token
My Neighbor Alice
Loom Network
Alien Worlds
Reef
StormX
Mines of Dalarnia
Origin Protocol
Ampleforth Governance Token
LTO Network
SuperRare
League of Kingdoms Arena
DIA
BarnBridge
Clover Finance
Voxies
Alpine F1 Team Fan Token
VITE
Santos FC Fan Token
FC Porto Fan Token
Oasis Network
MIOTA
iExec RLC
Lazio Fan Token

Anonymity

In adherence to US regulations, Binance US implements robust KYC and AML procedures, requiring users to undergo identity verification and ensuring compliance with legal standards.

Reputation

Binance US has established a reputable presence in the American crypto landscape. It's known for its reliability, regulatory compliance, and commitment to providing a secure trading environment.

Pros and Cons

Very low trading fees
Lots of educational resources available
So fast that it processes 1.4 million orders per second
High liquidity to customers
Attention to security, and constant innovation
Not available in some US states
Fewer crypto to crypto pairs than other exchanges
Lengthy identity verification process
Parent company was hacked in 2019
Limited selection of crypto assets

AscendEX is a global cryptocurrency exchange offering a wide range of trading pairs, futures contracts, and investment opportunities.

General Information

Year founded: 
2018
Coins Available: 
Bitcoin
Ethereum
Bitcoin SV
Chainlink
EOS
Cardano
NEM
Cosmos
Binance Coin
Bitcoin Cash
0x
Huobi Token
TRON
Algorand
VeChain
Ontology
Fetch.ai
Zilliqa
Basic Attention Token
Serum
Ethereum Classic
IOST
Zcash
Tezos
Polygon
Qtum
Dogecoin
Ravencoin
aelf
Harmony
Nervos Network
FIO Protocol
Wootrade
Dash
Centric Cash
Polkadot
Walken
BitTorrent
THORChain
Router Protocol
1inch
Akash Network
Stafi
XCAD Network
Terra Virtua Kolect
Ultra
Frontier
USDX [Kava]
Persistence
Casper
Kira Network
HAPI Protocol
Solana
ECOMI
Kava.io
Neo
HARD Protocol
CoinEx Token
Geeq
Synchrony
Ternoa
Fantom
Hathor
Ariva
Waves
Port Finance
Verasity
Concordium
Zebec Protocol
BEPRO Network
Uniswap
PolkaFoundry
Swingby
Radiant Capital
ZeroSwap
Prom
WINkLink
Curve DAO Token
Loopring
Decentraland
PancakeSwap
Gnosis
TrustSwap
Avalanche
Connect Financial
Pluton
Autonio
Aptos
Fuse Network
Filecoin
eCash
Crypto.com Coin
Stratos
Orion Protocol
HOPR
Nsure.Network
xDai
Aave
Tether
SushiSwap
Jarvis Network
Floki Inu
Polis
Optimism
YIELD App
LTO Network
USDD
Lovely Inu
The Graph
BOLT
CUDOS
Chiliz
KuCoin Token
Radix
Star Atlas
Alchemy Pay
DAD
Ferrum Network
High Performance Blockchain
Clearpool
Qredo
Sidus
Magic Internet Money
PowerTrade Fuel
Synthetify
Solanium
Taraxa
MahaDAO
Divi
Gather
Axie Infinity
OneLedger
COTI
HoDooi.com
Crowny
Compound
JulSwap
Tokoin
SquidGrow
SHIBA INU
Litecoin
Sovryn
Covalent
Nimiq
Sypool
Opulous
VERA
Hashflow
Hedget
Rizon
APEcoin
DIA
PlotX
Stellar
LooksRare
Sentinel
QuickX Protocol
Enjin Coin
Maple
Linear
MANTRA DAO
Mango
Quant
EthereumPoW
MixMarvel
Convex Finance
Chromia
Metaplex
Terra
Kin
Bonfida
Tribe
Hermez Network
Frax Share
Dogechain
Holo
Bitcoin Cash ABC
OMG Network
Quickswap
Galxe
STEPN
REVV
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Anonymity

Users are required to complete a Know Your Customer (KYC) verification process to comply with regulatory requirements and ensure the security of the platform.

Reputation

This exchange has built a reputation for being a reliable and secure cryptocurrency exchange platform. It is known for its robust trading infrastructure, a diverse range of supported assets, and commitment to providing a safe trading environment.

Pros and Cons

Ascendex native token
Offers advanced features and services like margin, futures and options
Lots of coins and pairs on offer
Lots of fiat currencies for trading
Low fees on different levels
High minimum deposit
No insurance cover for users' assets
No phone support
No demo accounts
No copy trading

Disclaimer: The information provided on this website is for informational purposes only and should not be considered as financial, investment, or legal advice. Cryptocurrency investments are volatile and high-risk in nature. Consult with a qualified financial advisor and/or tax professional before making any investment decisions. We are not responsible for any loss incurred due to the use of information on this website. Do your own research and exercise caution. Don’t invest unless you’re prepared to lose all the money you invest.
 

1. Centralized Crypto Exchanges - Recommended Method

Centralized cryptocurrency exchanges facilitate the trading of digital assets. They serve as trusted intermediates, managing deals, and providing custody services to protect your funds.

These exchanges regulate every step of the cryptocurrency trading process. They ensure security, fair market pricing, regulatory compliance, consumer protection, and access to a wide range of digital assets.

Regulatory oversight for centralized exchanges varies widely based on the jurisdiction. In some countries, a single financial regulator oversees cryptocurrency operations.

Meanwhile, in the United States, regulation is more decentralized. Licensing may be state-dependent, although federal laws require rules such as KYC data gathering and Anti-Money Laundering (AML) compliance.
 

2. Crypto Wallets

A crypto wallet is a tool for storing, managing, and conducting cryptocurrency transactions. It can be a software application or a physical device that connects to a desktop client.

Selecting the right crypto wallet is important to keep your digital assets.

Here are some things you should consider when choosing a crypto wallet:
 

  • Security features: Look for wallets that have strong security. Check if they are equipped with passwords, fingerprint scans, or special codes
  • Supported coins: Some wallets only work with certain cryptocurrencies. Make sure the wallet you choose supports Tron
  • Backup plans: Ensure the wallet offers reliable backup options. This is crucial in case you forget your password or lose your phone

 

3. Peer-to-Peer (P2P) Platforms

Peer-to-peer (P2P) cryptocurrency platforms allow you to conduct direct transactions with other users, eliminating the need for intermediaries.

These services use decentralized networks, letting you purchase, sell, and exchange digital assets directly with others with the help of escrow.

Blockchain technology makes transactions transparent, safe, and unaltered. Meanwhile, private keys provide you authority over your digital asset, removing the need for third-party custodians.

P2P cryptocurrency network gives you more financial freedom and accessibility. It also enables global transactions with minimal fees and restrictions.

To buy Tron coin on P2P crypto platforms, sign up on the exchange. Then, look for TRX listings or sellers, negotiate conditions, and payment methods, and finish your transaction safely.
 

4. Cryptocurrency ATMs

Crypto ATMs are automated kiosks that carry out cryptocurrency transactions.

The primary objective of crypto ATMs is to enhance accessibility and convenience for individuals interested in digital assets.

These ATMs are strategically located in public areas such as shopping malls, convenience stores, and transportation hubs to make them easily accessible.

To buy TRX coin using a cryptocurrency ATM, find a nearby machine that supports Tron transactions.

Complete the identity verification process if necessary, then choose "Buy TRX" on the screen.

Next, enter the amount you want to buy and provide your wallet address.

Afterward, insert your cash or debit card, wait for the confirmation, and keep the receipt.
 

5. Decentralized Exchange

A decentralized exchange (DEX) is a platform that operates independently of a central authority or intermediary. This allows direct trading with other users via smart contracts and blockchain.

It has three main types:
 

  1. Automated Market Maker (AMM) DEXs: It operates on liquidity pools, allowing users to earn fees by adding funds
  2. Order Book-Based DEXs: It resembles traditional exchanges with recorded orders
  3. DEX Aggregators: It provides access to multiple DEXs through one interface, often including advanced trading tools on Ethereum-based protocols

This decentralized approach promotes inclusivity. It offers access to a wider range of assets and enables anyone with an internet connection to participate in global markets.
 

6. Over-the-Counter (OTC) Desks

Over-the-counter (OTC) desks serve as electronic platforms that establish a direct link between brokers and market-making dealers.

A broker links clients with dealers, aiding clients in finding optimal prices and facilitating trades without asset ownership.

Meanwhile, a dealer sets prices for trades and works directly with clients to execute them.

Advantages:
 

  • Avoiding slippage: OTC trading is commonly utilized for large-volume transactions. Trading such volumes on exchanges can result in significant slippage, where sudden liquidity drops cause price fluctuations. This can have a notable impact on asset prices during high-volume trades
  • No trading restrictions: Exchanges typically impose purchase and withdrawal limits due to regulatory requirements. OTC platforms provide a way to bypass these limitations
  • Quicker transactions: Dealing directly with a dealer allows for faster completion of trades

 

Disadvantages:
 

  • The main drawback of OTC trading is trusting the dealer. Therefore, it's essential to find trustworthy dealers before doing OTC transactions.

 

Why Trust Us?

At CryptoManiaks, our dedication to delivering quality content is as strong as the blockchain itself.

We double-check everything we write. Whether it's the latest crypto updates or tips on buying Tron, we make sure it's accurate.

Safety is our priority as we review exchanges, wallets, and projects to protect your investments.

CryptoManiaks comprises of active members of the TRX community, led by a team of seasoned crypto enthusiasts.

Our experts immerse themselves into Tron's ecosystem, staying ahead of trends and advancements to provide you with precise, relevant, and insightful information.

We've earned our reputation through in-depth analyses, comprehensive guides, and unbiased reviews tailored for TRX enthusiasts.

Our commitment to cryptocurrency guarantees you have a reliable source for all things Tron-related.

Whether you're new to crypto or a seasoned pro, trust CryptoManiaks as your go-to source. 

Stick with us, and we'll guide you in simple terms you can understand.

 

Alternative Ways to Buy TRX

Discover some alternative ways where to buy Tron below:
 

  • PayPal
  • Telegram
  • Credit/Debit Card

 

PayPal

More than 300 million individuals trust PayPal. It is a leading worldwide online payment processor that also enables the purchase of cryptocurrency.

To buy Tron, start by acquiring Bitcoin or Ethereum through the PayPal website or mobile app (like you would via Cash App).

Afterward, transfer these coins to your chosen trading platform where TRX is available.

Once your BTC or ETH is in your trading account, execute a trade for Tron.

It's important to select a reputable platform that supports TRX trading and offers secure transactions.

Additionally, consider storing your TRX in a secure wallet for added safety.

 

Telegram

You might be wondering how to buy Tron crypto via Telegram. There are two ways:
 

  1. Trading groups
  2. Telegram bots

To utilize Telegram P2P, first, join a reputable Tron trading group.

Look for sellers with good feedback. Initiate a chat with a seller and discuss the transaction details.

Then, confirm the Tron amount and payment method. Next, send your payment.

Once verified, provide your Tron wallet address for the seller to transfer the coins.

On the other hand, you can search for a reputable Tron Telegram bot, and start a chat.

Follow the prompts to link your wallet, select the amount to purchase, and proceed with the payment. Lastly, confirm your transaction.
 

Credit/Debit Card

Purchasing Tron with a credit or debit card offers one of the most convenient methods for acquiring TRX.

Yet, this convenience does come with a cost. Most cryptocurrency exchanges impose a roughly 4% fee on each card transaction.

The majority of reputable exchanges support Tron purchases using major credit/debit cards. They also allow users to compare rates across various platforms.

To buy Tron with a credit or debit card, follow these three easy steps:
 

  1. Enter your desired amount in USD and select the platform offering the best price. Do not forget to consider the associated fees
  2. Then, input your Tron wallet's public address. This step is necessary if your chosen platform does not have an integrated cryptocurrency wallet
  3. Finally, complete the payment using your credit or debit card. Upon receiving your payment, the exchange will promptly transfer the TRX to your wallet

Depending on the credit card used, you may even earn rewards for purchasing Tron, if your card issuer considers it a purchase.

Using a credit card also allows you to leverage a substantial credit line, which can prove beneficial during market price fluctuations.
 
 

How to Store TRX

You must store Tron in a cryptocurrency wallet to protect it against potential threats.

It is advisable to utilize both hot and cold wallets for security and usability.

For a hot wallet, start by downloading a reputable TRX wallet.

For extra security, make sure your password is strong and turn on 2FA.

Only store the TRX you use for regular transactions in this wallet, similar to how you keep cash in a physical wallet.

For a cold wallet, transfer the majority of your TRX holdings here for long-term storage.

Make sure to store your seed phrase in a safe place. It's the only method for recovering your TRX in case you no longer have access to your cold wallet.

This dual approach balances accessibility for daily use with enhanced security for long-term storage of your TRX assets.
 

Hot Wallets

A hot wallet is an online cryptocurrency wallet like Crypto.com. It provides you with a convenient method for sending and receiving digital currency.

Besides, it operates on the cloud, mobile devices, or desktops. It offers a variety of options, many of which are free to install.

Some are designed to integrate with specific mobile apps, while others are tailored for particular digital assets or blockchains.

However, it is important to remember that a hot wallet is susceptible to security breaches because the public and private keys are stored online.

As a result, it's advisable to use hot wallets for small, everyday transactions rather than for long-term storage.
 

Cold Wallets

A cold wallet refers to a type of cryptocurrency storage that remains offline when not in active use, such as Ledger.

Typically in the form of hardware, this wallet offers heightened security measures.

Cold wallets serve as a practical and cost-effective method for safeguarding crypto assets against phishing, hacking, and other vulnerabilities. These measures can prevent permanent loss.

Various types of cold wallets exist, with two widely used options being hardware and paper wallets.

Hardware wallets resemble a USB stick, keeping private keys offline. They are only connected to the internet when making transactions.

Meanwhile, paper wallets consist of physical sheets containing both the public address and private key of a wallet. These paper wallets often incorporate QR codes for user convenience.

When cryptocurrency is sent, it goes to the public address, while the private key is crucial for accessing the funds. 

 

Why Should You Buy TRX? What is it Good For?

Purchasing Tron offers various appealing benefits. First, it provides a blockchain platform aimed at decentralizing the Internet. This platform also aims to transform how content is created, shared, and consumed online.

Its developers' vision fuels Tron's potential for long-term growth. It seeks to challenge traditional internet giants and empower content creators with direct access to their audiences.

Second, Tron boasts impressive transaction speeds and scalability, addressing key issues faced by other cryptocurrencies like Bitcoin and Ethereum.

This efficiency not only enhances user experience. It also makes Tron a practical choice for those engaging in daily transactions or decentralized applications (DApps).

Furthermore, Tron's ecosystem is rich with diverse DApps covering gaming, entertainment, and finance. It offers investors a wide range of opportunities to participate in this thriving digital economy.

Lastly, Tron's low transaction fees make it an attractive option for micropayments and global transactions. This appeals to businesses and individuals seeking cost-effective solutions.

These combined benefits position Tron as a compelling investment, offering both innovative technology and practical utility.

Frequently Asked Questions

Who should I contact for assistance in buying Tron?

When you're considering buying Tron, it's best to contact the exchange you’ll use directly for assistance. You can reach them via your preferred communication channel. 

Can I buy fractional amounts of Tron?

Certainly! There's the option to buy fractional quantities. The smallest unit of Tron, known as a "Sun," is equal to 0.000001 TRX. This indicates that you're able to purchase any portion of a TRX coin that aligns with your financial plan or investment objectives.

Are there any restrictions on buying Tron?

No, there are no restrictions on buying Tron. It is a globally accepted cryptocurrency. The decentralized nature of Tron allows for seamless transactions without any interference from governments or regulatory bodies. Whether you are an individual or a business entity, you can freely buy Tron without any limitations or restrictions. It's important to note that regulations may vary from country to country. So, it's advisable to check your local cryptocurrency laws.

Can I buy Tron using fiat currency, or do I need to use other cryptocurrencies?

Yes, you can buy Tron using fiat currency. In recent years, Tron has gained significant popularity and recognition, leading to its inclusion on various cryptocurrency exchanges. Many of these exchanges now offer the option to purchase Tron directly with traditional fiat currencies such as USD, EUR, or GBP. This allows individuals who are new to the cryptocurrency space or do not possess any other cryptocurrencies to easily invest in Tron without the need for additional conversions or transactions.

What payment methods can be used to buy Tron?

When it comes to purchasing Tron, there are several payment methods available to cater to different preferences. The most common and widely accepted method is through traditional fiat currency, where users can use their credit or debit cards to make a direct purchase. Additionally, some exchanges also offer the option of using popular digital payment platforms such as PayPal or Skrill. For those who prefer a more decentralized approach, cryptocurrencies like Bitcoin or Ethereum can be used as a means of exchange for Tron. 

What is a wallet and why do I need one to store Tron?

A wallet is a digital storage solution that allows you to securely store your Tron cryptocurrency. It functions similarly to a physical wallet, but instead of holding cash and cards, it holds your digital assets. You need a wallet to store Tron because it provides a safe and convenient way to manage your funds. Wallets use advanced encryption techniques to protect your private keys, which are necessary for accessing and transferring your Tron tokens. By using a wallet, you have full control over your Tron holdings and can easily send or receive them whenever you want.

Written by

Rica was a local news writer in the Philippines from 2011 to 2019. During the 2020 COVID pandemic, she fell in love with cryptocurrency and expanded her writing expertise to blockchain, NFTs, Web3, and FinTech. She is also well-versed in the financial markets, specializing in daily market news and price predictions. When she’s not writing, you’ll find her singing and dancing to K-Pop music!

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