How to buy Tron coin online

Tron is one of the world’s fastest-growing cryptocurrencies, driven by an ambition to decentralise the internet. Find out what this means and more in this TRX guide.
By: Harry Atkins
Harry Atkins
Harry joined us in 2019, drawing on more than a decade writing, editing and managing high-profile content for blue… read more.
Updated: May 12, 2021
Tip: our preferred broker is, eToro: visit & create account

This page takes you step-by-step through everything you need to know about Tron and its TRX coin, so you can feel secure when investing in cryptocurrency.

Compare where to buy Tron coin, and open an account

You can follow any of the links below to set up an account straight away. These exchanges and brokers are the best platforms around, and they’re directly compared against each other in this table. If you need more information before investing, then simply scroll past the table and keep reading.

1
Min. Deposit
$50
Exclusive promotion
Our score
10
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Start Trading
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
Wire Transfer, Bank Transfer
Full regulations list:
CySEC, FCA
2
Min. Deposit
$20
Exclusive promotion
Our score
9.3
Margin Trading with full legal compliance
Cryptocurrency staking
Various Payment options
Start Trading
Description:
Cex.io offers exchange of fiat currency for Bitcoin Ethereum, Tether, and 23 other cryptocurrencies, as well as Bitcoin/Ethereum trading against the USD.
Payment Methods
Credit Card, Debit Card, Wire Transfer, Cryptocurrencies, Skrill
Full regulations list:
3
Min. Deposit
$10
Exclusive promotion
Our score
8.7
The broker offers access to a trusted MetaTrader trading system
Pricing is ensured to be completely transparent, also providing accuracy and speed
Trade a Wide Variety of Assets with Leverage up to 1:500
Start Trading
Description:
LonghornFX is a true ECN STP broker dedicated to delivering a superior trading experience to traders no matter their level of experience. Their services are based on transparency, innovation and efficiency, ensuring an unparalleled trading experience for all.
Payment Methods
Credit Card, Debit Card, Visa, Bitcoin
Full regulations list:
LonghornFX offers high-leverage trading on a wide variety of assets. Trading with leverage carries a degree of risk which may result in losing more than your investments. Clients should practise risk management to protect themselves from losing more than they can afford when trading with leverage.

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 buy TRX online – a step-by-step guide

Step 1. Find an exchange

You need to find an exchange that supports trading TRX. Not all platforms allow you to do this with fiat currency, so you’ll usually have to start with another cryptocurrency (like Bitcoin), and use that as a means to get smaller coins like Tron.

There are many different exchanges available, and you can find the perfect platform with our detailed reviews and comparison tables (such as the one on this page). For some quick guidance, these two exchanges are the best places to buy Tron in the UK right now.

  • Binance: One of the largest and most famous cryptocurrency exchanges in the world, Binance enables users to trade hundreds of different coins and tokens – including TRX. You can sign up right here.
  • BitPanda: Users on Bitpanda have the option of a whole range of cryptocurrencies, and can use all the latest price charts and information to help make a decision before they invest. Head to the platform via this link. 

Step 2. Sign up and fund your account

In order to use an exchange, you’ll usually have to sign up and register an account. The exact steps involved in this process vary, but it’s common for you to have to provide an email address, phone number, and at least one form of photo identification.

Funding your account can be done in a number of ways, but again it will be dependent on the platform. Many exchanges only accept deposits in cryptocurrencies, and the ones that accept fiat currency will usually limit this to a number of payment methods (such as bank transfers and debit cards).

Step 3. Purchase

Navigate to your exchange’s trading interface and search for TRX (the Tron token ticker symbol). Then search for the relevant currency pair. So if you’re going to swap it for Bitcoin – you’ll need to find the TRX/BTC pair to confirm the price and complete the transaction.

Step 4. (Optional) Get a suitable wallet

If you’re security-conscious and are looking to hold your coins for a long time, or are planning on spending your coins on the Tron network, it can be a good idea to get your own crypto wallet. 

This isn’t essential, and if you’re looking to trade your coins in the short term it’s usually a better idea to keep them on your chosen exchange. If you are going to use a Tron wallet we recommend the Ledger Nano S or Freewallet

1
Min. Deposit
$1
Exclusive promotion
Our score
10
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
Start Trading
Payment Methods:
Cryptocurrencies
Full Regulations:

How to trade Tron – step-by-step guide

Step 1. Find a broker

In order to trade TRX, you need a reliable broker that charges low fees. Brokers allow you to speculate on coins by opening and closing positions quickly as the market fluctuates. Two of our favourite brokers are:

Step 2. Deposit money

Broker platforms typically accept only fiat currencies (e.g. GBP, USD, and EUR) as payment options, but might charge a fee for deposits and withdrawals. You can check out our reviews to help you find the brokers that charge the lowest fees and accept specific payment methods.

Step 3. Decide how you’d like to trade

With broker platforms, your two options are spread betting or using CFDs (Contracts for Difference). These approaches offer different pros and cons, but with both you are trading against the value of TRX without ever having to take ownership of the coins – so there’s no need for a wallet.

Step 4. Start trading 

Once you’re ready to go, it’s a good idea to start with a demo account before risking your money. Most reputable platforms offer these accounts so you can learn the ropes, before moving on to the live markets. Bear in mind that crypto markets can be volatile and take time to understand the trading process before putting your hard-earned money into it.

As a trader you’re speculating on the currency’s price movements by taking a short (sell) or long (buy) position. If you think TRX will fall in value you should take a short position, if you think it will rise in value you should take a long position.

You may also choose to incorporate leverage into your strategy. Leverage is a where you to put up a fraction of the overall trade value as a deposit or ‘margin’ and make big bets by loaning the rest of the money from your broker. This can be risky, as your losses can grow just as fast as your profits when you use leverage, so we don’t recommend it for beginners.

1
Min. Deposit
$50
Exclusive promotion
Our score
10
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Start Trading
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
Wire Transfer, Bank Transfer
Full regulations list:
CySEC, FCA

Still undecided?

If you’re still considering whether you want to spend your money, we’ve condensed everything you need to consider into these pros and cons and a few key questions. Keep reading to get all the necessary information.

Pros

  • The coin and platform has performed well in recent years 
  • You can use Tron to access content and tip anyone who created it on the Tron network
  • The broader ‘altcoin’ market is becoming increasingly popular

Cons

Additionally to these quick pros and cons, here are three questions that are of central importance when investing in Tron.

1. Is it a good time to buy Tron?

It depends on your goals and your timeframe for seeing returns. If you believe in the overarching vision of the Tron network and want to be involved as it pursues its ambition of decentralising the internet, then you’re going to use your coins and it’s a good idea to get some.

If you’re looking at Tron as a more of a short term trading prospect, then you should undertake some technical analysis of its recent performance to see if you can identify patterns that might repeat in the future. The current price isn’t as relevant to this decision as your confidence in your ability to anticipate price movements.

To help you keep up-to-date with the crypto markets, and how recent developments might impact Tron’s value, find our most recent TRX analysis articles here:

The cryptocurrency continues to lose its value this week, the price of Bitcoin went below $30000 this Friday, and the risk of further declines is not over yet. Monero, Waves, and Tron’s price is also under pressure, but these three cryptocurrencies still remain in a bull market. If the price…
TRON (TRX) price is struggling to get above the important resistance at $0.030 as sellers remain in control of the price action. The price of TRX has been moving in a downtrend last several weeks and for now, there is no signal of the trend reversal. Fundamental analysis: The…

2. What problem does Tron solve, and what are the coin’s investment prospects?

If the Tron network can achieve its goals, it’s aiming to change the relationship between content creators and consumers. By establishing a peer-to-peer network supported by a blockchain and the TRX cryptocurrency, Tron could become a centrally important organisation in the entertainment industry.

As an investment prospect, Tron has performed well since launching in 2017. If this growth continues then it’ll mean the price will continue to grow, but you need to undertake your own fundamental analysis to determine if you think Tron is viable in the long term or what we’re seeing now is just a short-term bubble.

You can find the most recent news about Tron below in order to stay informed and guide your investment decisions.

3. Do you want to hold TRX for the long term?

Depending on current market conditions and your chosen trading strategy, buying and holding TRX for long periods of time comes with different pros and cons. Here’s a quick breakdown of what to consider when looking either to the short or long term.

Considerations for a long term investment strategy

If your research leads you to believe that the project has strong potential for future growth then you might want to get and hold some coins straight away. For this approach, you should head to an exchange, and then consider moving it to a secure wallet.

Considerations for a short term trading strategy

If you’re not totally convinced by Tron’s long-term prospects but have an eye for technical analysis and reading price charts, then a better approach would be to sign up to a broker and trade TRX. If you can anticipate price movements, then you can make money from market fluctuations – but you are also at risk of losing money if you call it wrong.


Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Risk disclaimer

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 >

Harry Atkins
Financial Writer
Harry joined us in 2019, drawing on more than a decade writing, editing and managing high-profile content for blue chip companies, Harry’s considerable experience in the… read more.