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How to Buy Tron (TRX)

Given the penetration and the growing push for crypto adoption, a flurry of protocols have become household names. One of such is Tron. On a mission to decentralise the web, Tron is a popular destination for dApp teams looking to deploy highly scalable projects for a fraction of the cost without hurting the environment. In this how to buy Tron guide, we explore the ins and outs of the digital asset. and how to buy with low fees.

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    How to Buy Tron – Full Step by Step Guide

    Do you want to buy Tron instantly right now? If yes, you can follow our steps below to get started.

    1. Open an account: We recommend opening an account with a trusted and reputable broker like eToro.
    2. Upload ID: eToro will require KYC before you can access the platform.
    3. Deposit: You can now deposit funds with a debit/credit card, Paypal, Neteller, Skrill, or a bank wire.
    4. Buy Tron: Search for ‘TRX’ and click on the ‘Trade’ button. Enter the amount of Tron you wish to buy ($50 minimum) and confirm the order.

    You will now have Tron in your eToro portfolio. You can exchange your Tron for other cryptocurrencies or just hold it for long term.

    How to Buy Tron – eToro Tutorial

    This section is a more comprehensive walkthrough on how to buy Tron online using eToro. Let’s jump right into the process of buying TRX with low fees.

    Step 1: Open an Account

    This is the first step. You need to open an account with eToro. To get the ball rolling, visit the eToro official website and look out for the ‘Join Now’ button. Once you click on the button, you’ll see a box like the image below where you’ll fill in your personal details. This includes your first and last name, email address, phone number, and a username and password.     

    eToro sign up

    Visit eToro

    The next page involves additional personal information – such as your country of residence, home address, date of birth, and national tax number. eToro will then send an SMS to your mobile phone. To complete your registration, enter the code that eToro sends you when prompted.

    Step 2: Upload ID

    As noted above, eToro is regulated by several reputable bodies. As such, your identity has to be verified before you continue. You can actually complete this step at a later date – but it does need to be done before you are able to:

    • Deposit more than $2,250
    • Make a withdrawal

    To complete your account verification on eToro, the platform requires a copy of your:

    • Passport, driver’s license, or national ID card
    • Utility bill or bank account statement issued within the last 3 months

    In most cases, eToro will authenticate your documents straight away and subsequently remove all account restrictions.

    Step 3: Make a Deposit

    eToro doesn’t offer direct Bitcoin purchases – meaning that you will first need to deposit some funds. Apart from a bank transfer, all deposit methods are credited to your account instantly.

    You can choose from:

    • Debit/credit card (Visa, MasterCard, Maestro)
    • Paypal
    • Skrill
    • Neteller
    • Local bank transfer (country-specific)
    • International bank wire

    In terms of fees, eToro doesn’t charge a dime on deposits right now- irrespective of the payment method. The minimum deposit for first-time traders from the US and the UK is $50.

    Step 4: Search for Tron

    At this stage of our step-by-step guide, you should now have an eToro account that is funded. Now it’s time to buy Bitcoin. The easiest way of doing this is to enter ‘BTC’ into the search box at the top of the page.

    Then, you’ll need to click on the ‘Trade’ button to open up an order box.

    Step 5: Buy Tron

    You can now buy Tron by entering the size of your stake into the ‘Amount’ box($50 minimum).

    Finally, click on the ‘Open Trade’ button to complete your investment.

    Where to Buy TRON Coin

    Although several platforms offer support for Tron coin, below is a list of the best exchanges and brokers to buy Tron:

    1. eToro – Overall Best Platform to Buy Tron
    2. Capital.com – Top Platform to Trade Tron CFDs
    3. Libertex – Broker For Crypto Trading with Zero Spreads
    4. Plus500 – Reputable Broker For CFD Trading
    5. Coinbase – Top U.S Exchange For Crypto Trading
    6. Binance _ World’s Largest Exchange with Low Fees
    7. AvaTrade – Legacy Crypto Platform for Investors
    8. Revolut – Personal Finance Service With Crypto Support
    9. CryptoRocket – Crypto Platform for Beginners
    10. Changelly – Top Exchange For Instant Crypto Swap

    1. eToro – Overall Best Platform to Buy Tron eToro exchange

    eToro was founded in 2007 as a social trading platform and popular investment services provider. Its unique use of cutting-edge trading tech of CopyTrade and CopyPortfolio has since attracted 20 million global users to the platform.

    Aside from offering conventional investment services, eToro provides exposure to a flurry of top-performing cryptocurrencies, including Bitcoin, Ethereum, XRP, Cardano,Ripple, and several others. All these digital assets can be directly traded as contracts for differences (CFDs), where you trade the price swings of an underlying asset without buying or selling them.

    buy bitcoin

    eToro also offers instant buying when you deposit $50 with your debit or credit card. The platform further provides multiple payment methods, including bank transfer, international wire transfer, PayPal, Skrill, Neteller, and several others.

    In terms of fees, eToro is super-low and only charges 0.5% through all the supported payment channels. It is also regulated and holds operational licenses from tier-1 bodies like the UK’s FCA, CySEC, ASIC, and FINRA.

    In addition to crypto trading, eToro offers Staking-as-a-Service (SaaS), where you can lock your Tron tokens to secure the proof-of-stake (PoS) protocol. Tron staking incurs little fees on eToro, unlike what’s applicable on other platforms. Aside from Tron, you can also stake your ADA and ETH tokens on eToro. Staking is based on club membership and is split across three groups. Club members get reward percentages on monthly yields between 75% to 90%. You get your staking rewards on the 8th day following a seven-day lockup period when you stake your Tron.

    Pros

    • Reputable global investment provider
    • Super-low staking fees
    • Heavily regulated
    • Supports a handsome crypto portfolio
    • Supports crypto staking
    • Multiple payment methods
    • User-friendly

    Cons

    • Has a small library for crypto staking
    • Withdrawal fee of $5
    • Dollar-denominated only

    Visit eToro

    2. Capital.com – Top Platform to Trade Tron CFDs Capital.com Logo

    Capital.com is another popular choice to use to buy Tron. The online CFD broker boasts of healthy exposure to 2,700 stock CFDs and covers 15 international markets spread across some of the world’s global financial centres. Like several legacy-facing investment providers, Capital.com offers trading in cryptocurrencies, and this is entirely commission-free. Also, the broker levies no deposit and withdrawal fees, and you can get started with as little as $20.

    capital.com Bitcoin CFDs

    You can trade in minutes and fund your account through debit or credit card and bank wire transfer. However, crypto trades can only be through CFDs as Capital.com does not offer custodial services for digital currencies. Capital.com boasts a handsome portfolio of popular virtual currencies and offers CFD trades for Bitcoin, Ethereum, Tron, and several others in the aspect of supported cryptocurrencies. Even though more brokers are offering Tron staking services, Capital.com has not yet incorporated this service.
    In terms of security, Capital.com has a strong safety profile and is also regulated by the FCA.

    Pros

    • Zero-commission platform
    • Regulated by tier-1 global bodies
    • Low minimum deposit
    • Absence of deposit and withdrawal fees
    • Has a healthy repository of cryptocurrencies
    • Reputable trading platform

    Cons

    • CFD trades only
    • No crypto staking services

    Visit Capital

    3. Libertex – Broker For Crypto Trading with Zero Spreads Libertex logo

    Founded in 1997, Libertex is a seasoned online CFD broker with operational headquarters in Cyprus, and it also has operational bases in London and Belarus. Like all traditional brokers, Libertex is regulated by the CySEC.

    Supported financial instruments for CFD trades are stocks, bonds, indices, commodities, FX currency pairs, ETFs, and cryptocurrencies. However, it only offers exposure to 250 financial markets, making it a limited option for investors looking for a more dynamic investment setting.

    Unlike Capital.com, Libertex charges a low commission for using its platform, which borders between 0.47% and 2.5%. Supported payment channels are broad, and you can make a minimum deposit of 20 Euros through bank transfer, credit/debit cards, Skrill, Neteller, Multibanco, Sofort, iDEAL, and several others.
    Libertex has not incorporated crypto staking into its services and only supports CFD trades for Bitcoin, ETH, Tron, and 47 other cryptocurrencies.

    Pros

    • Demo account with 50,000 Euro virtual cash
    • Regulated by the CySEC
    • Multiple payment support
    • Handsome crypto support
    • User-friendly platform

    Cons

    • Small market offering
    • Commissions up to 2.5% for individual trade execution
    • No Tron staking services

    Visit Libertex

    4. Plus500 – Reputable Broker For CFD Trading Plus500 logo

    A publicly-listed global CFD broker, Plus500 was launched in 2008 with ties to the Israel nation. It is under the umbrella of the popular Plus500UK Ltd franchise and is supervised by the FCA and ASIC.

    Offering a simple, easy-to-use trading platform, Plus500 allows investors to trade stocks, bonds, currency pairs, commodities, indices, and cryptocurrencies. However, the trades are in CFD formats, largely limiting investors’ trading strategies.

    A selling point of Plus500 is that it is a zero-commission broker and only makes money from the ‘market spread’ with no hidden charges. It also operates a zero withdrawal fee structure with only a $100 minimum deposit required. Deposits are mainly made through bank transfers and e-wallet providers.

    Plus500 mainly supports Bitcoin, Ethereum, and seven other crypto-assets with no support for Tron. The platform does not support crypto staking and charges a $10 inactivity fee after three months of zero trading activity.

    Pros

    • Publicly listed on LSE
    • Easy-to-use platform
    • Handsome investment portfolio
    • Separately supervised by the FCA and ASIC
    • Reasonable minimum deposit of $100
    • Zero-commission platform

    Cons

    • Only supports a small crypto portfolio
    • CFD trades only
    • No support or staking for Tron

    Visit Plus500

    5. AvaTrade – Legacy Crypto Platform for Investors AvaTrade

    AvaTrade was founded in 2006 and has an operational headquarters in Ireland. The platform also has operational bases in Australia, Japan, and the British Virgin Islands. Like eToro, AvaTrade comes with a copy trading capability that enables new beginners to copy the trades of more advanced traders through its DupliTrade software.

    Aside from this, AvaTrade has more automated trading software, including RoboX, Mirror Trader, API Trading, and MQL5 Signal Services.

    AvaTrade-Home-scaled-1

    Supported instruments include stocks, bonds, commodities, and cryptocurrencies. Like several top brokers, trades are normally executed as CFDs which means you don’t have access to the underlying asset. AvaTrade offers crypto CFD trades with zero support for staking, and it also does not support the Tron coin as it interfaces with the top 10 digital assets. The minimum deposit is set at $100, with a $50 inactivity fee levied after 90 days.

    Pros

    • Regulated in all areas it operates
    • Multiple trading platforms
    • Responsive support for multiple payment methods
    • Copy-trading capability

    Cons

    • High inactivity fee of $50
    • Supports a limited crypto offering
    • Zero crypto staking ability

    Visit Avatrade

    6. Coinbase – Top U.S Exchange For Crypto Trading

    Coinbase was founded in 2012 by Brian Armstrong (serving CEO) and Fred Ehrsam. The cryptocurrency exchange has since become a major success and is the first-listed Bitcoin exchange in the world. Coinbase offers support for a large repository of popular cryptocurrencies through its Coinbase.com and Coinbase Pro trading platform.

    coinbase website

    It also operates an institutional custodial service through its Coinbase Custody Services subsidiary and stores digital assets for institutions in cold offline wallets. Institutional customers also use Coinbase Prime to trade the cryptocurrency market.

    The US crypto exchange has largely been successful due to its user-friendly Coinbase app that enables US customers to easily buy, sell, and trade cryptocurrencies.

    Supported digital assets include Bitcoin, Ethereum, Tron, and over 50 different virtual currencies. Meanwhile, the Bitcoin exchange charges high debit card and trading fees pegged at 3.99% for the overall transaction. Other payment methods largely include bank wire transfer and e-wallet solutions like PayPal; but, the platform does not support credit card purchases. Like several centralised exchanges, Coinbase supports crypto staking. However, it does not offer staking for Tron assets.

    Pros

    • Reputable crypto exchange
    • Large repository of altcoins to choose from
    • Specific platforms for different users
    • User-friendly
    • Reasonable library for crypto staking
    • Multiple payment options

    Cons

    • High transaction fee of 3.99%
    • No credit card support
    • Does not offer Tron staking

    Visit Coinbase

    7. Binance – World’s Largest Exchange with Low Fees Binance Logo

    Binance Global is the world’s premier destination for everything crypto. Launched in China in 2017, the Bitcoin exchange has since built up a global monolith in the crypto market. Binance is the world’s largest Bitcoin exchange with a daily average worth over $40 billion.

    Binance has been highly successful due to its assimilation of conventional financial services structure, with the Binance Earn becoming a popular spot for earning attractive rates on staked coins. Here, a large repository of PoS coins is locked up for a period ranging from 30 days to 90 days.

    Popular protocols like ETH 2.0, ADA, AXS, DOT, and Tron are staked regularly, attracting as high as 140% interest rates for staking.
    Binance offers the largest ecosystem of crypto-related activities and boasts over 500 digital currencies on board. Its Binance Smart Chain (BSC) is also a growing concern and direct rival to the Ethereum blockchain.

    In terms of fees, Binance is pegged at 0.10% for maker and taker fees which is further reduced if you hold the Binance Coin (BNB). Binance has a vast channel of payment methods allowing you to make deposits and withdrawals through bank transfer, credit/debit, and peer-to-peer (P2P) channels.

    Pros

    • Top crypto exchange with high liquidity
    • Large library of digital assets
    • A vault of crypto staking services
    • High interest rate on staked coins
    • Observes KYC protocols

    Cons

    • High debit and credit card fees
    • Suitable for experienced crypto investors
    • Not regulated

    Visit Binance

    8. Revolut – Personal Finance Service With Crypto Support

    Revolut is mainly a fintech company operating out of London. It is a top option for easy transfer, receipt, and seamless exchange of currencies among its users. Operating more like a digital bank, Revolut provides an exchange platform for users who are frequently on the road and need to swap their native currency for another. The crypto broker has since received a challenger bank license from the European Central Bank in 2018, focusing on becoming a digital bank for its users.

    Revolut website

    The company has made a foray into the crypto space, further increasing its growing influence. The firm allows over 30 crypto asset swaps on its platform. However, Revolut does not operate as an exchange platform; it primarily functions as a digital bank. Meanwhile, premium users enjoy handy perks such as travel and mobile insurance with a broader exchange limit.

    Pros

    • A top choice for nomad users
    • Handsome support for crypto assets
    • Enables crypto to fiat exchange in seconds
    • Offers range of handy features like disposable virtual cards
    • Travel and mobile insurance makes it a top choice for users

    Cons

    • Poor customer support

    Visit Revolut

    9. CryptoRocket – Crypto Platform for Beginners

    Despite its short history, CryptoRocket has skyrocketed in user base since launching in 2018. Based in St. Vincent and the Grenadines, this new-generation financial investment provider offers a mix of traditional financial instruments, including stocks, bonds, FX currency pairs, indices, and ultimately cryptocurrencies.

    CryptoRocket website

    However, the trading platform is laser-focused on cryptocurrencies and offers many ways for users to get started. Popular cryptocurrencies like Bitcoin, Ethereum, IOTA, Tron, and several others are tradable on the platform. Leveraged crypto trading is pegged at 1:100, while more traditional financial instruments have a leverage peg of 1:400.

    CryptoRocket does not offer services for crypto staking, which does not make it ideal for passive income generation.
    Meanwhile, a minimum deposit of $10 and a 24-hour withdrawal window for credit card requests makes it a popular choice for many investors.

    Pros

    • Low minimum deposit of $10
    • A hybrid crypto trading platform
    • 24-hour withdrawal window for credit card transactions
    • Up to 100:1 leverage for crypto trading
    • No deposit or withdrawal fees

    Cons

    • Not regulated by any global body
    • Supports only bank transfers, Bitcoin, and credit/debit card purchases
    • Not accessible for US residents

    Visit CryptoRocket

    10. Changelly – Top Exchange For Instant Crypto Swap

    Changelly operates as a non-custodial crypto exchange for instantaneous swaps and purchases of cryptocurrencies. Boasting over 1,500 different crypto assets, Changelly also supports traditional fiat currencies, including the Dollar, British Pound, and Euro.

    changelly website

    It has a low crypto-to-crypto exchange fee of only 0.25% and operates separate platforms for beginners and professional traders.
    Some of the supported cryptocurrencies on the platform are Bitcoin, Ethereum, XRP, Tron and hundreds of others. Alongside this, Changelly integrates with a host of digital wallets, making it easy for users to top-up their Tron holdings with their private wallets.

    One perk with using the Changelly platform is that it does not observe KYC protocols allowing anyone with the requisite funds to trade or swap the needed currencies. It is also easy-to-use, but it does not support US residents due to its lack of regulatory governance, and Changelly does not also support crypto staking.

    Pros

    • No KYC protocols
    • Low crypto-to-crypto fees
    • Supports multiple crypto assets
    • Quick asset conversion

    Cons

    • High transaction fees for crypto-to-fiat swaps
    • Does not support crypto staking

    Visit Changelly

    What is Tron?

    The TRON network is a blockchain virtual machine that aims to decentralise and democratise the content distribution industry via a set of permissionless tools and protocols. Much like the Ethereum network, it offers a robust architectural network that is smart contract compatible and enables development teams to launch decentralised applications (dApps) necessary for the decentralised finance (DeFi) ecosystem to flourish.

    However, Tron differs greatly from the more popular dApp facilitator. It uses a delegated proof-of-stake (dPoS) consensus algorithm, which allows it to boast a higher transaction speed or throughput up to 2000 TPS, on par with conventional payment processing giants like Visa and MasterCard. It uses a network of 27 Super Representatives (SRs) to validate transactions and add them as blocks to the network. The SRs are typically voted to verify transactions by TRX holders based on their staking merits.

    Aside from ensuring the smooth running of the Tron protocol, SRs are also responsible for making proposals to improve the Tron network. These proposals are then accepted or rejected by the community and a set of validator nodes called SR partners. Developers using the Tron protocol also enjoy lower network fees as they pay a tiny fraction compared to the more expensive Ethereum network.

    Tron was founded by serial tech entrepreneur Justin Sun in 2017 when the maker of the popular live-streaming app Peiwo launched the Tron Foundation. Sun has a long history with the blockchain ecosystem, following his stay as Ripple’s chief frontman in the greater China area. The Tron network has since evolved into a global concern with more protocols building on its open-source, flexible and economical protocol. Users would characteristically freeze their TRX tokens to access the network’s bandwidth, CPU, storage, and energy to utilise the network’s robust framework.

    Tron price charts October 28

    These resources are utilised and subsequently recovered over 24 hours after a transaction has been carried out. To ensure a robust architectural framework, Tron uses its in-house developed Tron Virtual Machine (TVM). The TVM is crucial in allowing smart contracts to run on the network securely and in a decentralised manner. It is also Turing-complete, meaning it can recognise other data manipulation sets or programming languages on its platform.

    Why Buy TRON Coin? TRON Coin Analysis

    Given the rapid pace at which the Tron ecosystem is growing, we highlight some key considerations why you should buy the coin.

    The Team

    One of the first things you should look out for in making a crypto investment is the team behind the project. You want to know who the frontman or team members are to gauge their potential to deliver on their promises. In this aspect, Tron has set a high bar in founder and CEO Justin Sun. Sun is a popular face in the tech space and is the founder of popular live-streaming app Peiwo. Peiwo has gone on to add over 10 million active users to its network. Most of these users have since been onboarded on the TRON network, further swelling the protocol’s userbase.

    Justin Sun Makes a Critical Error with His Pornhub Hype Train 1

    Aside from this, Sun master-minded the acquisition of popular peer-to-peer protocol BitTorrent – a move many have since hailed as a master-stroke. BTT has become a key part of the TRON network’s mission to decentralise the web and enable anyone to plug into the rapidly evolving blockchain space. Sun also served as Ripple Labs’ representative in China before flying solo and launching the TRON Foundation in 2017. The rich experience of Sun on the TRON network has positioned the digital asset as a strong rival to the Ethereum network.

    Growing Adoption

    The number of network traffic and integrations are also key in investing in a coin. In this aspect, TRON has made significant breakthroughs. While democratizing the internet, TRON has buckled down on the entertainment space. Plugging into the gaming industry, TRON recently announced a partnership with gaming giant Sony Interactive Entertainment. Sony is expected to use its blockchain expertise to scale up its gaming experience for users while enabling in-game purchases and trading.

    Economics

    dApp protocols have long been building on the Ethereum network. However, the growth of the protocol has led to high network congestion and increased gas fees. This has made it inimical as many retail users have to pay more to validate transactions on the network.

    Rival blockchains like Tron have since come up with solutions boasting higher throughput and scalability of 2000 TPS when compared to Ethereum’s 17 TPS. It is also more economical as dApp platforms pay roughly 5 cents for processing transactions on the network. This has been a mainstay for the network as ETH gas fees sometimes spike to as high as $200 in peak trading sessions.
    Tron’s economical outlay has seen the network swell its ranks in a highly contested blockchain marketplace.

    More Growth Runway

    Compared to mega cryptocurrencies like Bitcoin and Ethereum, Tron still has a long way to travel. The blockchain protocol is currently ranked 28th most valuable crypto protocol by premier crypto data aggregator website Coinmarketcap. It has over $7 billion at press time, showing a higher leeway for growth than Bitcoin’s $1 trillion market cap.

    Tron charts
    Source: eToro

    Currently worth less than $1, buying Tron coin now could prove a smart investment decision as the crypto protocol is still expected to see more growth in the years to come. A top 30 position on the crypto ranks shows the protocol’s strong case.

    Ways of Buying Tron Coin

    If you have decided to buy the Tron coin, you can use a few payment rails to do this. We cover the two most popular options in this section.

    Buying Tron Using PayPal paypal logo

    PayPal has been making key movements in the crypto space by adding support for making purchases with cryptocurrencies. However, this support largely covers large-cap assets like Bitcoin and Ethereum. You can buy Bitcoin with PayPal, but you will need to explore another route if you intend to use funds in your PayPal account.

    The best option would be to register with a broker that supports PayPal payments and offers reasonable fees. eToro is one of such, and you only have to pay 0.5% deposit fees to buy Tron with funds from PayPal. This is highly economical compared to other exchanges that charge as high as 3.99% for transactions.

    Buying Tron using Debit/Credit Cards Payment Giant Visa Files Patent for a Digital Currency

    This option is becoming increasingly popular by the day. Just as you can buy Bitcoin with a debit card, you can also buy the Tron coin with your debit or credit card. However, you should ensure that the broker you want to use supports one or both options. You will also need to consider how much interest your credit card issuer will charge you for credit card purchases.

    The interest rate normally falls between 3 to 5% on crypto purchases besides the exchange fees. For debit card purchases, you should look out for broker fees. eToro offers both payment options, and you can buy Tron easily while only paying 0.5% in charges. This saves you money and gives you more purchasing power in the long run.

    Features to Consider when Choosing a Broker

    Fees

    When it comes to fees, remember to look at the entire picture. Examine the broker’s deposit, withdrawal fees, commissions on trading and other transaction charges that the broker might impose. You also want to consider hidden charges like inactivity fees, account maintenance charges.

    Availability

    You need to ensure that your desired broker is available in your country. Currently, different countries have their regulatory rules governing financial services. So, a broker available in the United States might not operate in the United Kingdom. Before choosing a broker, ensure that they’re allowed to operate in your country.

    Payment channels

    You also want to pick a broker that supports different payment channels. Generally, a broker should offer transactions using bank transfers, debit/credit cards, and payment processors like PayPal, Square, and Skrill. Also, you can check out the broker to see if they have peer-to-peer payments as an added advantage.

    Security

    Take the time to examine the broker’s security infrastructure. This is especially important if the broker will hold your cryptocurrencies. Look into their asset storage, encryption mechanisms, and other areas like identity verification and multi-factor authentication.

    Liquidity

    Brokers should have sufficient liquidity levels to support their transactions. A broker with high liquidity volume will enable you to make large transactions quickly and seamlessly.

    Taxation on TRON Earnings

    How to buy FTT

    Currently, there isn’t much information about TRON and its taxable activities. The IRS already defines cryptocurrency as property, which means it qualifies for capital gain tax treatments. There’s a list of taxable events that qualify your crypto transactions for capital gain tax in the US. These include converting your cryptocurrency to fiat, purchasing products or services with your digital assets. There are also some events that qualify your Tron holdings for income taxes.

    Events that qualify for income tax are:

    • Receiving crypto from an airdrop
    • Interest earnings through lending on decentralized finance (DeFi) platforms
    • Block rewards gotten from crypto mining
    • Crypto received as payment for work
    • Cryptocurrencies earned through staking and liquidity pools

    Best TRON Network Wallets

    If you’re looking to keep your TRON tokens, you must get the right wallet to help you out. Some of the best wallets you can use to keep your TRON tokens include:

    eToro Money Crypto Wallet

    The eToro Money Crypto Wallet is our top option for TRON investors. This is a multi-asset wallet service that allows you to buy and store your TRON seamlessly.

    etoro bitcoin wallet

    With the eToro Money Crypto wallet, you will be able to seamlessly switch between over 500 crypto pairs – without moving your coins elsewhere. You get a private on-chain address that allows you to store your coins, and you can also use a key service to store your private keys. So the keys are never lost.

    eToro Money wallet also allows you to enjoy TRON staking. Staking is an innovative way to make money by locking your coins for a period and earning interest. With this wallet, you can achieve that and earn returns without any input from you.

    TRON vs. Other Cryptocurrencies

    TRON vs. Bitcoin (BTC)

    Bitcoin was the first cryptocurrency ever to launch, and its popularity kickstarted the crypto revolution. TRON and Bitcoin differ in many ways. While Bitcoin focuses on making quick and seamless transactions worldwide, TRON primarily looks to improve the content distribution and entertainment industries. Another difference is that Bitcoin has free existence while the TRON Foundation controls TRON.

    TRON vs. Ether (ETH)

    Ether is tied significantly to the use of the Ethereum blockchain, so it is similar to TRON in a way. Both blockchains also contain smart contracts, which enable seamless transaction processing. But, there are also many differences between both coins. TRON focuses on entertainment and content distribution, while the Ethereum blockchain is looking to be a global support infrastructure for developers and app builders.

    TRON vs. Cardano (ADA)

    ADA is the token for Cardano, the blockchain launched by Input Output Hong Kong in 2017. Cardano is now one of the broadest developer ecosystems in the industry. Cardano’s main focus is to improve on some of the Ethereum blockchain’s flaws. The network focuses on improving scalability and offering an even better environment for app developers to work. This is a contrast to TRON and its focus on improving content sharing.

    TRON vs. Binance Coin (BNB)

    The Binance Coin is the exchange utility token for Binance – the world’s largest cryptocurrency exchange. TRON and BNB are different on quite a lot of levels. While TRON focuses on improving content access and distribution, BNB acts as the asset that ties the entire Binance ecosystem together. BNB is used to pay fees on Binance’s exchange and the Binance Smart Chain known as DEX.

    TRON vs. Solana (SOL)

    SOL is the network token for the Solana blockchain. Like Cardano, Solana looks to offer an enabling infrastructure for the development of decentralised applications (dApps). Solana and TRON are similar in that they both have smart contracts on their chains. However, Solana appears to be more developer-focused than TRON at the moment.

    eToro - Our Recommended Crypto Platform

    Our Rating

    eToro exchange
    • ASIC, CySEC and FCA regulated - 20 Million Users Worldwide
    • Buy with Bank transfer, Credit card, Neteller, Paypal, Skrill, Sofort
    • Free Demo Account, Social Trading Community
    • Free Secure Wallet - Unlosable Private Key
    • Staking Rewards for holding ETH, ADA or TRX
    • Copytrade Winning Crypto Traders - 83.7% Average Yearly Profit
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    68% of retail investor accounts lose money when trading CFDs with this provider.

    FAQs

    Is Buying TRON a Good Investment?

    TRON is one of the most popular cryptocurrencies in the market at the moment. The asset is popular for several reasons, including its functionality and ability to deliver impressive returns for investors. So, TRON does seem like a good investment.

    How do I buy TRON instantly?


    The best way to buy TRON instantly will be to create an account on a supporting exchange. Since it is one of the most popular tokens globally, TRON currently has support on multiple exchanges. All you have to do is find one that works for you and make your purchase.


    Will TRON ever reach $1?

    The TRON price currently stands at $0.09, with an all-time high standing at $0.22. As for the chances of hitting $1, it seems too early to tell. TRON has a lot of room to grow, both in terms of technicals and fundamentals. So, while a jump to $1 does seem possible, it might take a while.


    What will TRON cost in 2025?

    It’s almost impossible to make forecasts about TRON’s price in 2025. The asset has had a relatively impressive 2021, rising by 262.9% year-to-date. If the TRON ecosystem continues to grow - we could be looking at a price above $1 by 2025.

    How much is a TRON coin worth today?

    Currently, one TRON token is worth $0.098. The asset’s price increased by 4.35% in the past 24 hours and 3.10% in the past week. It currently ranks at #29 on the CoinMarketCap rankings, with a market capitalisation of $7.07 billion.


    What is TRON's all-time high?

    TRON’s all-time high stands at $0.22 - a position it held on January 5, 2018. The coin’s all-time high came just as the 2017 crypto bull market was about to end. Many cryptocurrencies saw massive gains at the time and have still not been able to recapture these positions to date.

    What exchange can I buy TRON?

    You can find TRON on several of the world’s top cryptocurrency exchanges and brokerage services. However, we recommend that you purchase the asset on eToro, platform is one of the best brokers globally.


    Where is the best place to buy TRON?

    We recommend that you purchase TRON on eToro as it allows you to buy TRON in minutes. The platform offers benefits such as commission-free trading, a user-friendly interface, and a Copy Trading feature.

    Can I buy TRON on Coinbase?

    Yes, you can. Coinbase is one of the most popular cryptocurrency exchanges in the world. Coinbase is especially popular for offering a broad range of coins, and TRON is one of the many available options for users.

    How do I buy TRON instantly?

    The best way to buy TRON instantly is to create an account on a supporting exchange. Many of the world’s top crypto exchanges and brokers support TRON, so you should be able to choose one and make a purchase in minutes.

    Question & Answers (3)

    Have a question? Our panel of experts will answer your queries.Post my Question
    1. Question

      Can Tron and Eos effect the market share of Ethereum ?

      Doland66
      Reply
    2. Question

      Is buying TRX better through a bank account or with a credit card? Which way is easier and faster? Please answer asap.

      Harry
      Reply
      • Answer

        Hello Harry, you can buy TRX using both methods. So, you can use the one you feel comfortable with. Although, using Credit Card will allow you to buy TRX with a few clicks and thus it’s the fastest way to buy TRX. Bank transfer will require you to copy account ID before making the deposit and then wait for the transaction to be approved by your bank and get recognized by the platform you are depositing in. It is a hectic process.

        Inside Bitcoins
        PRO INVESTOR
        Reply

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