TRON (TRX) is a blockchain-based decentralized platform founded by Justin Sun through the TRON Foundation in 2017. The platform’s primary goal is to establish a free, global digital entertainment system with distributed storage technology that allows easy and cost-effective sharing of digital content.

Tron has witnessed strong growth in popularity over the recent months. Obviously, that’s why more and more people want to get invested. This blog post provides everything you need to know about TRON (TRX) and a step-by-step guide to buying TRON.

Where To Buy TRON (TRX) — Quick Guide

Here’s an overview of the preferred crypto exchanges with TRON (TRX) listed. If you know how to buy cryptocurrencies, you can simply select your preferred exchange. In case you are just getting started, you can scroll down to where we share all details about how to buy TRON.

Before we dive into the details about how to buy TRON (TRX), we want to provide you with some essentials. Remember, it is important to understand the asset you plan to buy before investing!

What is TRON (TRX)?

About TRON

TRON (TRX) is a blockchain-based decentralized platform founded by Justin Sun through the TRON Foundation in 2017. The platform’s primary goal is to establish a free, global digital entertainment system with distributed storage technology that allows easy and cost-effective sharing of digital content.

TRON uses blockchain and peer-to-peer (P2P) network technology at its core, aiming to eliminate the middleman in digital content sharing by connecting creators directly to consumers. The native cryptocurrency of the TRON network is TRONIX (TRX), used primarily for transactions and the creation and interaction with smart contracts and decentralized applications (dApps) on the TRON network.

History Of TRON (TRX)

TRON was founded by Chinese entrepreneur Justin Sun, a former representative of Ripple in China. Sun has built a significant reputation and following in the cryptocurrency community. TRON’s initial coin offering (ICO) launched in September 2017, raising around $70 million.

One of the pivotal moments in TRON’s history was the purchase of BitTorrent, a pioneering, decentralized file-sharing platform, in July 2018. This acquisition was a strategic move by the TRON Foundation, as it allowed the integration of BitTorrent’s user base into the TRON ecosystem. This culminated in the launch of BitTorrent Token (BTT) in 2019, a cryptocurrency that interacts with the TRON blockchain to incentivize file sharing.

TRON’s mainnet was launched in June 2018, marking its full independence from the Ethereum blockchain. From then on, TRON continued evolving its platform, focusing on decentralization, scalability, and developing its dApp ecosystem.

Use Cases of TRON (TRX)

The TRON platform was designed with a specific focus on the digital entertainment industry, and its use cases reflect this focus:

1. Digital Content Sharing: TRON allows creators to distribute content directly to users. This removes intermediaries, reducing costs and potentially increasing the revenue creators can earn from their content.
2. Decentralized Applications (dApps): TRON aims to provide a platform that developers can use to build blockchain-based applications. The network supports a variety of dApps and smart contracts, making it a competitor to platforms like Ethereum.
3. Online Gaming: TRON is especially popular in the online gaming industry. The platform allows developers to create blockchain-based games, and users can trade assets from these games using TRX.
4. Decentralized Finance (DeFi): Similar to other smart contract platforms, TRON has also started to become a host for decentralized finance applications. This extends the use case of TRON beyond just entertainment and gaming.
5. Data Liberation: TRON aims to enable content creators to own and manage their data freely. Through the TRON network, creators have control and discretion over how to share their content.

TRON’s focus on a specific niche within the broader digital economy gives it a unique selling point compared to other cryptocurrencies. Its vision for a decentralized Internet focused on content sharing and entertainment could reshape how digital content is distributed and consumed.

TRON (TRX) Price Chart

Analyzing the current price movement is an important step before investing. Therefore, you should closely examine the chart below before discovering how to buy TRON.

How To Buy TRON (TRX) — A Step-By-Step Guide

How To Buy TRON (TRX) — Step 1: Sign Up For An Account

The first step in buying a cryptocurrency token is to sign up for an account on a cryptocurrency exchange.

There are dozens of exchanges available, but it’s important to research and choose one that meets your needs regarding security, features, and trading possibilities.

However, more importantly, you must check if the cryptocurrency has the TRON token listed. Bear in mind that not every exchange has listed every coin.

In terms of TRON, you can select one of the exchanges we listed at the beginning of the post, such as Binance or MEXC.

How To Buy TRON (TRX) — Step 2: Secure Your Account

After you’ve created your account, it’s crucial to secure it. This generally involves setting up two-factor authentication (2FA). 2FA requires a second form of identification beyond just your password, such as a code sent to your phone. This greatly enhances the security of your account. It’s also important to choose a strong, unique password.

Although this step is optional at some exchanges, we highly recommend it. Major exchanges like Binance, MEXC, or KuCoin won’t allow you to trade before securing your account.

How To Buy TRON (TRX) — Step 3: Verify Your Account (Partially Optional)

Before you can start trading, you’ll usually need to verify your account. This process varies by exchange but typically involves submitting some form of identification like a driver’s license or passport. This is part of the Know Your Customer (KYC) regulations that exchanges must comply with.

However, there are also crypto exchanges where you don’t have to verify your account. This usually comes with some limitations in terms of payouts and features. Nevertheless, if you want to stay anonymous or want to give it a first try, this might be the better option. We put together a list of exchanges that don’t require verification. You can check this here: 4 Best Crypto Exchanges Without KYC (2023)

How To Buy TRON (TRX) — Step 4: Add A Payment Method And Funds

Once your account is verified, you can add a payment method. Depending on the exchange, this could be a bank account, a debit card, or a credit card. Some exchanges also support PayPal and other online payment services.

After adding a payment method, you can add funds to your account. Make sure to deposit enough to cover the cost of the token you want to buy and any associated fees.

How Buy TRON (TRX) — Step 5: Buy TRON!

Finally, we made it. You are now ready to buy TRON (TRX). Depending on the exchange you’ve chosen, you must navigate to the “Market” or “Trade” area.

You can typically choose between a market order (buy at the current market price) or a limit order (buy at a specific price or better). Once your order is executed, the tokens will be added to your account, and you can call yourself a proud owner of the TRON (TRX) token.