TRON (TRX) - All you need to know

Learn about the cryptocurrency, Tron. Get started on this page packed with beginner-friendly guides and practical advice to help you invest in cryptocurrency.
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Updated: Jan 31, 2022

Ways to invest in Tron

The first thing to do if you want to invest in Tron is to sign up with an online broker or exchange platform. These services let you buy, sell, or trade Tron, and there are both positives and negatives to each approach.

There are lots of different strategies you can use to invest in a coin. You can buy and hold them to benefit from price increases over time, or trade them quickly to try to take advantage of fluctuations in value. Use the links below to learn more about each method of investing in Tron.

What is Tron?

The Tron coin – or TRX – is the cryptocurrency token used on the Tron network. The word ‘Tron’ is often used to refer to both the token and the overall project itself. The aim of the Tron network is to provide an easy way for content creators and consumers to connect without the need for middlemen. This is achieved by using blockchain technology to decentralise storage and allow transactions to be made directly with creators, reducing costs and making it easier to access content of all varieties.

The Tron Foundation was founded in 2017 by Justin Sun, a Chinese tech entrepreneur who is also the CEO and founder of the Peiwo app and former chief representative of Ripple in Greater China. Today TRX is one of the most commonly traded cryptocurrencies in the world and there are over 16 million active accounts on the Tron Network.

How does Tron work?

It functions much like any other cryptocurrency, in that Tron transactions are made between users without the need for a bank or centralised authority to act as a middleman, and all coin movements are recorded on a public blockchain. This means you can exchange TRX for Bitcoin or other cryptocurrencies on exchanges, or use it to make payments on the network.

Exactly how you want to use Tron – trading it to try and make profits or spending your coins on different forms of content – is key to determining what you want to consider before you start. More information can be found in our Tron 101 course so you understand everything about both the network and the token.

How to invest in Tron

There are now many different approaches you can take to investing in Tron. We recommend that you familiarise yourself with all of them before you start your investment journey, so you’re well-placed to pick one that works for you. The list below gives you a summary of the options.

Where can I buy Tron now?

1
Min. Deposit
$10
Promotion
User Score
10
Accepts customers from the USA
Deposit $100 and get a $10 bonus!* Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
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Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk.
2
Min. Deposit
$1
Promotion
User Score
9.3
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
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Description:
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
Payment Methods
1Pay, 2C2P, 3d Secure Credit Card, ACH, ANELIK, Abaqoos, AdvCash, AlertPay, Alfa-Click
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Full regulations list:
3
Min. Deposit
-
Promotion
User Score
8.7
Sign Up Bonuses
App Available
Supports Multiple Altcoins
Start Trading
Description:
KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 5 million registered users from 200+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique visit ranks the top 5 globally.
Payment Methods
Full regulations list:

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Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.