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 a top regulated broker and 3 leading crypto exchanges. Can a crypto beginner buy TRX safely in a matter of hours with no experience? We think so.

Cryptoassets are a highly volatile unregulated investment product. 

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. If you prefer a buying experience that is fully-regulated and set up specifically for beginners to learn and feel safe, choose a broker.

1. eToro – Best Broker to Buy TRON with Low Fees

Top broker eToro is at the top of our list for beginners and advanced traders alike to invest in TRON. Why? One simple reason: it is regulated very well. eToro is regulated in the US by FinCEN and registered with FINRA. UK regulation is overseen by the FCA and, in Europe, by CySEC. Regulation means you are dealing with a reputable business — and, in the crypto world, that counts for a lot.

eToro makes it easy for US investors in particular to deposit US dollars via ACH, credit/debit card and e-wallet. There are also no deposit fees or account management fees to worry about.

Compared to a giant exchange like Binance that offers 600+ crypto, eToro’s growing selection of 59 cryptos may seem a little underwhelming. But eToro’s selection is varied and full of quality. All the major blockchains are covered, as well as top DeFi coins like AAVE, metaverse coins like MANA, meme coins like DOGE and even hot new NFT coins like APE. What’s more, unlike crypto exchanges, eToro offers a massive selection of conventional assets like stocks, 250+ ETFs, commodities and fiat currencies allowing you to diversify your investment portfolio via one brokerage account.

Where eToro comes into its own is in social trading. This means supporting the newcomer and helping them to learn the ropes. With eToro’s CopyTrader, you can copy more experienced traders for free. And, by investing in one of eToro’s eight crypto Smart Portfolios, you can take a diversified position on the crypto sector in one go.

With extras, eToro is no slouch. For free you can download eToro’s smartphone crypto app for trading crypto on the move as well as get your hands on the eToro Money crypto wallet for sending and receiving crypto.

Cryptoassets are a highly volatile unregulated investment product. 

2. Crypto.com – Modern Crypto Exchange with 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 centred around famous actor Matt Damon.

You can buy TRX with Crypto.com in three ways. You can deposit USD into your account as you would with eToro and buy TRX. You can deposit crypto you already own and trade TRX on crypto.com’s exchange. Or you can buy TRX direct with 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 want a change from eToro, but not too much of a step up.

Cryptoassets are a highly volatile unregulated investment product. 

3. 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. You can buy Coinbase stock with broker eToro under the ticker COIN.

Coinbase has 169 crypto that you can trade. The process is identical to buying crypto with broker eToro: 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 to. But Coinbase is phasing out credit card purchases (owing to regulatory worries) — so, if you want to buy TRX with credit card, we recommend you sign up with eToro and take advantage of 0% commission credit card deposits.

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. 

4. 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 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 got 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 the range of trading and financing options on offer. To avoid getting overwhelmed, beginners should stick to ‘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 decentralised 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 decentralised 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 decentralised 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 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 ERC20 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 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 TRON can drop to $0.050 in one year and lose 21% of its current price.

Ways of Buying Tron

Some investors favour trading with convenient PayPal or credit card. 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. eToro no longer offers PayPal for account deposits, although you can use PayPal in certain P2P transactions with Binance.

Buy TRON with Credit Card or Debit Card

Crypto.com and Binance are your best bets if you want to buy TRON with credit card and debit card. Watch out for fees, though. For fee-free card use, sign up with eToro and charge your account with credit card with no deposit fee.

Best TRON Wallet

As a standalone blockchain in its own right, TRON is not the easiest crypto to find a wallet for. That’s why we recommend the eToro Money crypto wallet. Not only does the eToro Money wallet allow you to send and receive crypto around the web. But, unusually for a crypto wallet, it does allow you to use TRON. And, what’s more, you can stake TRON directly for rewards. Unusually again for a crypto wallet, the eToro wallet is directly regulated by a sovereign financial authority (the GFSC of Gibraltar).

Generally with a crypto wallet, you want to find one which offers good security as well as accessibility options that suit you. Cold wallets, for example, are suitable if you want to maximise security over accessibility; that’s because cold wallets are rarely connected to the internet. Hot wallets, on the other hand, are always connected to the internet. This makes moving crypto around very convenient, but puts your crypto at relatively higher risk of being stolen. Whatever you do, stick with an established name; using a wallet that nobody has ever heard of is the easiest way to put your crypto at risk.

How to Buy TRON – Tutorial

When it comes to where to buy TRON, you have options: you can use a crypto exchange or a crypto broker. To keep things nice and simple, we recommend using regulated broker eToro.

With eToro, you can try your hand at crypto with a minimum investment of just $10. eToro is up-front about their fees, which is reassuring: you get charged just 2% of your total purchase — 1% for buying, 1% for selling. You can check out eToro’s social trading tools like CopyTrader and Smart Portfolios too, but if you want to go it alone, here’s how:

1. Sign up with eToro

Head to eToro.com. Just fill out your name, address and email. Then choose a password. Tick the boxes acknowledging you have read the legal information. Press ‘Create Account’.

To sign up even faster, choose to get started via your Facebook or Google account.

2. Verify your ID with eToro

As a broker regulated by top-tier financial authorities, eToro must verify the identity of all investors. So before you get to buy TRON, you will need to have your passport handy or government-issued ID, as well as some paperwork (like utility bills) proving where you live.

4. Deposit Funds to Buy Crypto

The best thing about depositing funds with eToro is that no deposit fee is charged. And, if you deposit USD, no currency conversion fee is charged either. You can deposit funds using credit/debit card, bank transfer and a range of e-wallets. The quickest way to deposit funds is to move funds from your eToro Money crypto wallet if you have one. Other than USD, 14 other fiat currencies can be deposited. Any currency other than USD will be automatically converted to USD.

5. Buy Tron with eToro in Seconds

First, find Tron on eToro. Enter ‘Tron’ or ‘TRX’ in eToro’s top toolbar.

Click on the TRX logo to view the Tron homepage on eToro. Here you can learn what other investors think about Tron as well as browse through stats and research. You can also try out some powerful charting options. When you are ready to finalise your trade, press the blue ‘Trade’ button.

To buy Tron, enter how many USD you want to spend. A minimum investment of just $10 applies. Press the blue ‘Open Trade’ button to finalise your trade. You will receive onscreen notification when your trade goes through — it usually takes just seconds. You can review your Tron purchase in your eToro portfolio.

Cryptoassets are a highly volatile unregulated investment product. 

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 eToro or 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 safely 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 with a wide range of options.

But, if you are a beginner to crypto and want to buy TRON or any other major crypto, we suggest you try out broker eToro first and benefit from its social trading options. With eToro’s CopyTrader, for example, you can learn loads about crypto trading as well as make some money if prices go your way. And, with its dedicated crypto exchange eToroX, eToro also has plenty to offer the more experienced crypto trader.

Cryptoassets are a highly volatile unregulated investment product. 

Frequently Asked Questions on TRON