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 buying guide.

This page takes you step-by-step through everything you need to know about Tron and the TRX crypto 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 if you’re ready to buy Tron right 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.

eToro
Key Features
Access the world’s most popular Crypto assets including Bitcoin, ETH, LTC, XRP
Automatically copy the trades of top Crypto traders
Deposit using PayPal + 9 other deposit options available (not available to US users)
Min Deposit
$200
United States
Start Trading View key features
Key Features
Access the world’s most popular Crypto assets including Bitcoin, ETH, LTC, XRP
Automatically copy the trades of top Crypto traders
Deposit using PayPal + 9 other deposit options available (not available to US users)
Top Coins
  • BTC
  • BCH
  • XRP
  • ETH
  • ETC
Payment Methods
Credit Card, Debit Card, Wire Transfer, PayPal, Skrill, Neteller, Yandex, WebMoney, MoneyGram
eToro is a multi-asset investment platform with more than 2000 assets, including stocks, ETF’s, indices, commodities and Cryptoassets. eToro offers over 14 Cryptoassets to invest or invest in their CryptoPortfolio where investors can benefit from the accumulated growth of Bitcoin, Ethereum, XRP, Litecoin and other leading cryptocurrencies. eToro users can connect with, learn from, and copy or get copied by other users.
CEX.IO
Key Features
Margin Trading with full legal compliance
Cryptocurrency staking
Various Payment options
Min Deposit
$20
United States
Start Trading View key features
Key Features
Margin Trading with full legal compliance
Cryptocurrency staking
Various Payment options
Top Coins
  • BTC
  • ETH
  • USDT
  • BCH
  • BTG
Payment Methods
Credit Card, Debit Card, Wire Transfer, Cryptocurrencies, Skrill
Cex.io offers exchange of fiat currency for Bitcoin Ethereum, Tether, and 23 other cryptocurrencies, as well as Bitcoin/Ethereum trading against the USD.
Binance
Key Features
Huge range of cryptocurrencies
Highly liquid
2 Factor Authentication
Min Deposit
$1
United States
Start Trading View key features
Key Features
Huge range of cryptocurrencies
Highly liquid
2 Factor Authentication
Top Coins
  • ZRX
  • LEND
  • ACT
  • ADX
  • ELF
Payment Methods
Cryptocurrencies
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
LonghornFX
Key Features
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
Min Deposit
$10
United States
Start Trading View key features
Key Features
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
Top Coins
  • BTC
  • BCH
  • ETC
  • ETH
  • NEO
Payment Methods
Credit Card, Debit Card, Visa, Bitcoin
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.
Coinbase
Key Features
Trusted provider
Online Wallet
Beginner friendly
Min Deposit
$1
United States
Start Trading View key features
Key Features
Trusted provider
Online Wallet
Beginner friendly
Top Coins
  • BTC
  • LTC
  • XRP
  • ETH
  • BCH
Payment Methods
Credit Card, Debit Card, Euro Bank Account, 3d Secure Credit Card
Coinbase is one of the first places that made it easy to buy bitcoin and has since become a widely trusted exchange in the market.

What is Tron?

Tron Coin – or TRX – is the cryptocurrency token used on the Tron network. The word ‘Tron’ is often used to refer to both the Tronix crypto 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 content 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 Tronix TRX work?

As a crypto token, Tronix TRX functions much like any other cryptocurrency. Tron transactions are made between users without the need for a bank or centralised authority to act as a middleman, with all movements of Tron being recorded on a public blockchain. This means you can exchange TRX for Bitcoin or other cryptocurrencies on crypto exchanges, or use it for making payments on the Tron 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 when buying Tronix crypto tokens. More information can be found in our Tron 101 course so you understand everything about both the network and the token.

How to buy Tron Coin online – a step-by-step guide

Step 1. Find an exchange to buy Tron

In order to buy Tron, you’ll need to find an exchange that supports trading TRX. It is difficult to find platforms that allow you to buy Tron with fiat currency, so you’ll usually have to buy some other crypto (e.g. Bitcoin) and then transfer that to your exchange account and trade it for Tron Coin. 

There are many different crypto 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, we believe the following two exchanges to be the best places to buy Tron 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 can buy Tron and a whole range of other cryptocurrencies instantly, along with seeing all the latest price charts and information to help make your decision before you invest. Head to the platform via this link. 

Step 2. Sign up and fund your account

In order to use a crypto 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. Buy TRX 

In order to buy Tron, simply navigate to your exchange’s trading interface and search for TRX (the Tron token ticker symbol). If you’re buying Tron with a specific cryptocurrency – for example Bitcoin – you’ll need to find the relevant currency pair (TRX/BTC) 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 transfer your TRX to a personal 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 and Freewallet

Binance
Key Features
Huge range of cryptocurrencies
Highly liquid
2 Factor Authentication
Min Deposit
$1
United States
Start Trading View key features
Key Features
Huge range of cryptocurrencies
Highly liquid
2 Factor Authentication
Top Coins
  • ZRX
  • LEND
  • ACT
  • ADX
  • ELF
Payment Methods
Cryptocurrencies
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.

How to trade Tron – step-by-step guide

Step 1. Find a broker

In order to trade TRX, instead of an exchange you should find a reliable broker. Brokers allow you to trade cryptocurrencies, including Tron by opening and closing positions quickly as the market fluctuates. Some brokers also allow you to trade Tron with leverage, but this should be left to experienced investors as it carries increased risk.

The information you’ll find on Invezz can help you select the right broker for your trading needs, and two of our favourite Tron brokers are:

  • eToro. One of the world’s most widely used brokers, eToro allows you to trade many different cryptos, along with forex, shares, commodities, and more. You can register for an account here.
  • Plus500. Having operated for more than a decade, Plus500 offers an impressive range of assets to trade, including cryptocurrencies such as Tron. Visit the platform now.

Step 2. Deposit money

In order to trade Tron using a broker you need to create an account and deposit funds. These platforms typically accept only fiat currencies (e.g. GBP, USD, and EUR) as payment options, with you then able to use these funds to trade in the crypto markets. 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 for trading TRX 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 trading with a demo account before risking your money. Most reputable platforms offer these accounts so you can learn the ropes, before moving on to trading Tron on live markets. Bear in mind that crypto markets can be highly volatile and take time to understand the trading process before putting your hard-earned money into it.

As a crypto 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 trading strategy. Leveraged trading allows you to put up a fraction of the trade’s value as a deposit or ‘margin’. This should be left to experienced traders, as your losses can grow just as fast as your profits when trading with leverage.

eToro
Key Features
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
Min Deposit
$50
United States
Start Trading View key features
Key Features
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
Top Coins
Payment Methods
Wire Transfer, Bank Transfer
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.

Still undecided?

If you’re still considering whether you want to buy TRX or not, 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

  • TRX has performed well in recent years 
  • You can trade Tron for Bitcoin and other cryptocurrencies
  • TRX can be used to access content on the Tron Network
  • More and more people are putting money into altcoins

Cons

  • Huge supply of TRX makes it less attractive to investors
  • Tron Network isn’t yet fully operational
  • Have been allegations that the Tron Foundation has engaged in fraud and plagiarism

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 TRX?

It depends on what your reasons for buying Tron are. 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 it’s always a good time to buy. This is not just because you can use your coins eventually on the network, but because advancements like this will likely inflate the value of TRX.

If you’re looking at Tron as 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 of TRX 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…
Most of the major cryptocurrencies have advanced as the US presidential election continued to progress with a winner not yet officially announced. Joe Biden has a good shot at becoming the 46th President and Biden’s camp hopes they will cross the 270 threshold today. Fundamental analysis: There is still a…
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 and is currently one of the largest cryptos by market capitalisation. 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.

A popular YouTuber Marques Brownlee has accused TRON (TRX) of paying him to promote the platform without any disclosure. Brownlee said Tron told him celebrities like Lil Yachty, NeYo, Lindsay Lohan, and Amanda Cerny have already endorsed their participation in the paid promotion. Marques Brownlee has more than 13.5…
Tron (TRX) is evolving as the fastest-growing blockchain for USDT issuance. According to Tron Foundation Chief Executive Officer Justin Sun, over $12.4 billion Tether (USDT) has been issued on the Tron network. As a result, the number of transaction counts on TRC20-based USDT is now higher than transactions…
TRON (TRX) has ended its upswing by creating a new all-time high just under $0.6. What’s the reason for this price surge and should you buy some TRX now? Fundamental analysis: new update proposal already priced in? TRON is a blockchain-based operating system that can handle a massive amount…

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 into Tron leads you to believe that the project has strong potential for future growth then it’s a good idea to put some money into TRX and hold it as the market hopefully moves in your favour. For this approach, you should head to an exchange and buy some Tron, and then consider moving it to a secure wallet.

Be sure to keep an eye on Tron’s price, however, and be ready to cash out if the market moves against you in order to minimise your losses.

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.

Similarly to long term investing, manage your potential losses wisely in order to protect yourself from being wiped out. With trading, it’s always most important to live to fight another day even if you make a wrong call.

Written by: Harry Atkins
Harry joined us in 2019 to lead our Editorial Team. Drawing on more than a decade writing, editing and managing high-profile content for blue chip companies, Harry’s considerable experience in the finance sector encompasses work for high street and investment banks, insurance companies and trading platforms.