How To Buy TRON | Ultimate Guide To Buy TRX
TRON (TRX) is one of the more popular coins in the cryptocurrency market, for a variety of reasons. Its main goal is to revolutionise the entertainment industry, and its CEO, Justin Sun, worked hard on achieving it with his team.
TRON may not have an impressively high price, but over the last several years, it made a long list of achievements that are too numerous to count. Some examples include a rapid rise in the dApp space and even the purchase of BitTorrent.
The coin definitely has massive potential for the future of entertainment, and we can help you learn more about it, as well as how to purchase TRON.
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5 Steps to Buy with eToro Now
Buying any cryptocurrency with eToro is easy, simply follow the steps below:
- Sign up for free with eToro, entering your details in the required fields.
- Fill out the questionnaire, this is both educational for you and eToro.
- Click 'Deposit', you'll then be asked how you want to fund your account.
- Choose your required payment method, follow the simple steps to link your payment.
- Enter the amount you want to deposit and you're good to go!
Our Recommended Platform to Buy TRON
If you are already familiar with details about TRON and how to buy TRX and are not interested in going through them once more, you may be ready to start purchasing or trading TRX.
If that is the case, allow us to present you with some of our top selections in terms of brokerage platforms and crypto exchanges where you can purchase TRON quickly and easily.
If, on the other hand, you require a bit more help and information on how to buy TRX, then keep reading, and we will come to that soon.
Where to Buy TRON in 2020
The first thing that you need to decide about working with TRON is what would you want to do with it.
You see, there are several things you can do with cryptocurrency. You can simply purchase it with fiat currencies, such as USD. After that, you can choose to trade TRON or hold it as you wait for its price to increase.
This is called HODLing, and it is a particularly good strategy if you are interested in long-term investments. To do this, you will have to set up your own private TRON wallet and handle the security in order to ensure that you don't lose your coins to a hacking attack.
If you wish to trade daily or be a mid-term investor, you can do that as well. However, if that is the case, you might want to store your coins in an exchange's wallet, rather than a personal one.
Every centralised exchange has its own wallet for storing users' coins. You can simply fill the wallet with your TRON coins, and buy and sell as you wish. However, as centralised institutions, they are at risk of being hacked, which is a real danger in the crypto space. Hackers might find their way in through another user, or an employee of an exchange. They might even discover a new bug and steal coins from the wallets.
This is why it is recommended to only keep small amounts of coins in your exchange wallet, and only if you plan to use them relatively soon.
If you want to store a large amount or keep it for a long time, then a private wallet with your own security is your best option.
Alternatively, you can also profit from TRON without actually owning it. You don't even have to buy it on cryptocurrency exchanges. Instead, you can go to brokers that would allow you to invest in CFDs (Contracts For Difference) or futures contracts.
These are derivatives contracts that would use TRON as an underlying asset, and allow you to only speculate on the price of TRX, instead of actually owning the coin or worrying about security. They are also a great way to see quick returns, and rather large ones, at that, as they allow trading with leverage. So, it might be worth considering.