Since its launch in 2017, Tron has looked to transform the digital content industry by using blockchain technology and its native cryptocurrency TRX. Learn more about the network and discover how and where to buy Tron (TRX).
Introduction to Tron (TRX)
Created by Justin Sun in 2017, Tron is a layer 1 blockchain network that aims to disrupt the digital media industry. Tron is designed to allow users to create and share digital content without censorship.
Developers can run smart contracts on the Tron network, encouraging an ecosystem of decentralised applications (dApps) powered by Tronix (TRX), the blockchain’s native cryptocurrency.
Learn more about Tron (TRX) and how it works with our “What is Tron (TRX) ?” article.
Where to buy Tron
Because of the network’s continued popularity, most cryptocurrency exchanges, including eToro, will allow you to buy Tron (TRX). There are two different types of cryptocurrency exchanges:
Centralised exchanges (CEX)
Centralised exchanges enable the buying and selling of TRX. A CEX will hold TRX tokens until a purchase is made. If a user wants to “sell” TRX, the exchange will find a user interested in buying TRX and facilitate the trade.
Centralised exchanges are usually more suitable for beginner investors as they tend to allow you to buy TRX using fiat currency. Centralised exchanges also have additional layers of security and a dedicated Customer Support team.
Decentralised exchanges (DEXs)
Decentralised exchanges (DEXs) are not managed by a team. Instead, as the name suggests, trades are automated and executed in a decentralised manner using blockchain smart contracts. Users can buy, trade or swap TRX directly with another person.
DEXs are better suited to more experienced investors. They rarely accept fiat transactions, with users expected to swap TRX for another cryptocurrency. There is often greater privacy when buying TRX on a decentralised exchange, although DEXs lack customer support and are widely considered to be riskier than their centralised alternative.
Tip: When buying Tron (TRX), many investors will try to find a cryptocurrency exchange or trading platform that does not charge any hidden fees and enables them to buy cryptoassets 24/7.
How to keep and store Tron
After buying Tron (TRX), you will need a way of storing your TRX tokens safely. With some cryptocurrency exchanges, you will be able to securely keep your TRX on their platform.
On the other hand, consider using one of the following cryptocurrency wallets to store your TRX:
- eToro Money: A user-friendly, secure system of storing cryptocurrencies — including Tron(TRX) — that were purchased on the eToro trading platform.
- Exodus: A multi-currency wallet that allows users to store, hold and exchange TRX tokens.
- TronLink: A secure, decentralised Tron wallet with multi-layer algorithm encryption. TronLink supports all tokens hosted on the Tron network.
Learn more about Tron
Since December 2021, the Tron network has been overseen by a community-led decentralised autonomous organisation (DAO).
Since TRON DAO was founded, it has upheld its original faith of decentralizing the Internet, working hard to change the world with technology.
Tron
Anyone holding Tron tokens can apply to be a “Super Representative” (SR), with other Tron holders voting for SR candidates. Super Representatives are responsible for producing blocks on the Tron blockchain.
To learn more about Tron before buying Tron, consider utilising any of the following resources:
| eToro Academy | Online | A beginner-friendly platform for learning about Tron and other cryptocurrencies |
| Tron.network | Online | The Tron website, which provides users with access to the Tron whitepaper, alongside information about the ecosystem and the various tokens hosted on the Tron network |
| @TRONDAOofficial | YouTube | A YouTube channel that details key information about Tron, as well as weekly and monthly updates about the network and ecosystem |
How to buy Tron on eToro
eToro is a user-friendly cryptocurrency trading platform that allows both new and experienced investors to buy Tron. eToro is home to all major cryptocurrencies, such as bitcoin, Ethereum and Cardano. To buy Tron on eToro, complete the following steps:
- Register for an account
Create an eToro account by choosing a username and adding in your personal details. Be prepared to verify your identity using eToro’s Know Your Customer (KYC) checks.
- Deposit funds
Deposit your chosen fiat currency by clicking on the “Deposit Funds” button on either the desktop version of the site or by using the eToro mobile app.
- Buy Tron
Find the Tron page on the eToro website. Click “Invest” and choose how much Tron you want to buy. Users can select an amount of fiat currency to spend or an amount of Tron tokens to buy. Alternatively, click “Order” to buy TRX at a set price in the future.
- Download the eToro Wallet
Tron can be sent to the eToro Money cryptocurrency wallet. Download the eToro Money wallet and consider transferring your TRX tokens for additional security.
Final thoughts on investing in Tron
Tron is a versatile layer 1 blockchain network looking to navigate the saturated digital media industry. Although the process of buying Tron is straightforward, it is important to understand that cryptocurrencies are an especially volatile asset class.
Consider adding Tron to your virtual portfolio before buying TRX with real money.
Learn more about crypto and blockchain technology on the eToro Academy.
FAQ
- Should you buy Tron?
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Many cryptocurrency investors consider Tron to be a good potential investment. It has seen significant price movements since its launch, although it is arguably less volatile than some of its competitors. The decision on whether or not to buy Tron is a personal one, but the platform is a frontrunner in the sharing of digital content, and the Tron network has proven to be adaptable in the past.
- How many Tron tokens are there?
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Tron has a total supply of 100 billion Tron tokens. Super Representatives who produce a new block in the Tron blockchain are rewarded with 32 Tron per block, meaning that Tron has a yearly inflation rate of 500 million Tron tokens.
- Is it safe to invest in Tron?
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It is safe to invest in Tron if you use a secure and verified cryptocurrency exchange or trading platform. Be sure to research your chosen cryptocurrency platform before committing real funds to a trade and remember that there is no guarantee that the price of Tron will increase.
This information is for educational purposes only and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to, buy or sell any financial instruments. This material has been prepared without regard to any particular investment objectives or financial situation and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past performance of a financial instrument, index or a packaged investment product are not, and should not be taken as a reliable indicator of future results. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this guide. Make sure you understand the risks involved in trading before committing any capital. Never risk more than you are prepared to lose.