How To Buy TRON: Easy 5 Steps Guide

Despite controversies, Justin Sun built up TRON (TRX) as one of the most well-established crypto empires with a key focus on decentralization. Whether you are a beginner or an expert trader, our guide can provide valuable insights into how to buy TRON (TRX) and some key factors to consider when investing in TRON.

Where To Buy TRON?

Some of the most popular exchanges to buy TRX include Binance, Coinbase, KuCoin, and Kraken. When choosing an exchange to purchase TRX, it's essential to consider factors such as fees, security, user interface, and supported payment methods. It's also important to note that some exchanges may only be available in some countries or regions.

Step-By-Step Guide On How To Buy TRON:

Follow the below steps to buy TRON using the Binance exchange.

Step 1: Register for a Binance account

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The first step is to register for a Binance account; if you already have a Binance account, you can skip this step.

To register, visit the Binance website and click on the "Register" button at the top right-hand corner of the page. You will then be prompted to enter your email address and create a password. You can also use the main sign-up with an email or phone option.

After completing this step, you will receive an email confirmation from Binance.

Create an account using your personal phone number or email address on Binance. Registering as an entity if you want to buy TRON as a Limited company business on the Binance exchange is also an option.

Step 2: Verify your identity on Binance

Before you can buy TRX on Binance, you will need to verify your identity. To do this, click the "Profile" button on the top right-hand corner of the page and select "Identity Verification."

Follow the instructions provided by Binance to complete the verification process.

To complete your Binance registration process and start buying crypto on the Binance platform, you must submit a valid government-issued passport or Driving license based on your country of residence.

Step 3: Buy TRX

There are numerous ways to buy TRON on the Binance exchange, and it all comes down to your preference. We will explore some popular methods to buy TRON on Binance.

Option 1: Fund your Binance account with crypto

This method is helpful for anyone who owns crypto on other platforms or wallets. Once you have transferred your Bitcoin to a Binance account, you can buy TRON with Bitcoin as Binance supports trading BTC/TRX pair.

After verifying your identity, you can fund your Binance account with crypto. To do this, click the "Deposit" button on the top right-hand corner of the page. You will then be prompted to select the cryptocurrency you want to deposit. Select the cryptocurrency you wish to deposit and follow the instructions provided by Binance. Once your cryptocurrency has been deposited, you can proceed to buy TRX.

On the deposit Crypto page, choose the crypto (in this case, we selected bitcoin) and its network. Binance will generate a bitcoin address to deposit your BTC. Copy the deposit address and initiate a withdrawal on the withdrawal platform. Once the transaction is confirmed, Binance will credit the crypto.

Convert Bitcoin Crypto to TRON (TRX)

After transferring your crypto Binance account, hover over the Trade menu at the top menubar and click on Binance Convert, where you can convert your crypto to TRX.

There are two ways to convert your crypto to TRX: Market order or Limit order.

Buying TRX with market order: Market order allows you to convert your assets at the current market price based on the quoted price in the conversion.

Buying TRX with limit order: A limit order allows you to place an order to convert your assets at a specified limit price. However, limit orders are executed subject to market conditions and may not be completed even if the market price reaches or crosses your limit price momentarily.

The above screenshot shows an example of placing a limit order to buy TRON using BNB. You can click on the bars icon next to the limit button to display the price chart of your selected crypto convert pair. Click on Confirm order to get 900 TRX tokens into your account.

Congrats! You have now bought TRON by funding your Binance account with crypto and using Binance Convert.

Option 2: Fund your Binance account with Fiat

This option will benefit you if you prefer to fund your account with your preferred fiat currency beforehand. Customers can fund their Binance account with fiat currency via direct bank transfer or credit/debit card.

When using the Bank transfer method to fund your account, make sure to follow the below tips:

Your bank account name must match the name registered to your Binance account.

Please include your full name in your bank transfer's Reference/Remark section.

If the deposited amount exceeds your daily limit, Binance will divide the total payment based on your maximum daily limit.

After funding the account with fiat currency, it will be stored as your cash balance on the Binance account. Using the deposited fiat currency, you can now buy crypto using the buy crypto with Cash Balance tool.

As shown above, buy TRON immediately with your preferred fiat currency! You will get an estimated price of TRX based on the currency of choice, and you enter the desired amount of TRX to buy and confirm the order.

Congrats! You have now bought TRX by funding your Binance account with fiat currency and using a Binance Cash balance.

Option 3: Buy TRON with a Credit/Debit Card (Popular method to buy TRON)

To buy TRX on Binance using a Credit or Debit card, navigate to the Buy crypto via card page using the top navigation menu.

On the buy crypto with card page, you will see various options to choose the fiat currency to buy TRON. Enter the desired amount of TRX tokens to purchase and click Continue.

In the payment method section, if you just created your Binance account, add the card details you will use to purchase TRX.

Once you have entered the card details, you must review the order details to ensure they are correct. If everything looks good, click the "Buy TRX" button to complete the purchase.

Congrats! You have now bought TRX by funding with your Credit/Debit card!

Recurring Plan

Alternatively, you have the choice to buy TRON on a recurring basis.

The recurring model typically allows you to regularly invest in cryptocurrency with a pre-determined amount and accumulate your crypto holdings over time. If you are committed to the long-term growth of a coin/token and bullish on its future price movements, it is an excellent way to DCA into the project.

Step 4: Buy TRON - Payment Methods

Buy TRON with Paypal: Binance does not currently support purchasing TRON (TRX) directly with PayPal. However, you can still use PayPal to buy cryptocurrencies on other platforms and then transfer those funds to your Binance account to purchase TRON. Other exchanges, such as Coinbase support Paypal payment methods to buy crypto. If you have an existing PayPal account, you can start transactions on Coinbase immediately.

Buy TRON with a credit card on Binance exchange: To Add a credit card, Go to the "Buy Crypto" page on Binance and select "Credit/Debit Card." Follow the prompts to add your credit card details.

Buy TRON with Debit Card: To Add a debit card: Go to the "Buy Crypto" page on Binance and select "Credit/Debit Card." Follow the prompts to add your debit card details.

How to Buy TRON with Apple Pay and Google Pay on Binance

The following steps will guide you through how to buy TRON using Apple Pay & Google Pay.

1. Log in to your Binance account and click Buy Crypto with Credit/Debit Card.

2. Select the fiat currency according to your country and then select TRON crypto to buy from the list. Enter the amount and click Continue.

3. Select Apple Pay or Google Pay as the payment method after choosing TRX to Buy.

4. Once you have successfully added/chosen your credit/debit card, click Confirm to proceed. Check the payment details carefully and confirm your order within 1 minute, or else after the 1-minute mark, the price and the amount of crypto will be recalculated. You can click Refresh to see the latest market price.

Congrats! You have now bought TRON on Binance using your preferred Google or Apple pay.

Step 5: Withdraw TRX from Binance

After buying TRX on Binance, withdraw it to a hard or soft wallet you control. To do this, click the "Withdraw" button on the top right-hand corner of the page. You will then be prompted to enter the wallet address to which you want to withdraw your TRX. Ensure you enter the correct address, as transactions on the blockchain are irreversible.

You must also enter the amount of TRX you want to withdraw. Once you have entered the correct wallet address and the amount of TRX you wish to withdraw, click on the "Submit" button. Binance will then process your withdrawal request, and your TRX will be sent to the wallet address you provided.

Tips for buying TRX on Binance

1. Always double-check your order details before placing a trade to ensure everything is correct.
2. Consider using the "Limit" order type instead of the "Market" one when buying TRX. With a limit order, you can set the price you are willing to pay for TRX, whereas, with a market order, you will pay the current market price for TRX, which may not be the best price.
3. Consider using two-factor authentication (2FA) to enhance security after registration.

10 Reasons To Buy TRON Right Now

Should I buy TRON? If you are considering whether you should buy TRON or not, then the below points may provide some clarity about the project.

1. Strong leadership: The growth of TRON is no doubt driven by its leader - Justin Sun. He is a prominent industry figure who is recognized for his entrepreneurship and innovation.
2. Diverse use cases: TRON has a diverse range of use cases, including decentralized applications (dApps), gaming, content sharing, and social media.
3. High transaction speeds: TRON has fast transaction speeds, which can be particularly useful for gaming and other real-time applications.
4. Large network: TRON has a large and growing network of users and developers. These are factors that help support the coin's value and shape the future of the project.
5. Strategic partnerships: TRON has formed strategic partnerships with several major companies, including Samsung and BitTorrent, which could help increase its adoption and value.
6. Low transaction fees: TRON has low transaction fees, making it an affordable option for small transactions and micropayments.
7. Advanced technology: TRON has been recognized for its advanced blockchain technology, including its use of a proof-of-stake consensus mechanism and smart contract capabilities.
8. High liquidity: TRON is traded on many major cryptocurrency exchanges, which means that it is easy to buy and sell.
9. Active community: TRON has an active community of supporters and developers who are working to promote and improve the technology.
10. Potential for growth: Some people believe that TRON has the potential for future growth and may increase in value over time as the cryptocurrency and blockchain industry heads to mass adoption.