Where & how to buy TRON (TRX) for beginners in 2024

Use our step-by-step guide to learn how and where to buy Tron on the top 5+ crypto exchanges.
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Updated: Jan 26, 2024
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Tron tokens are available on a cryptocurrency exchange, which functions similar to a stock trading platform. It takes just a few minutes to buy Tron this way. Follow our quick step guide below.

How to buy Tron instantly in 3 simple steps

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To buy Tron you need a smartphone or a computer and an internet connection. It takes 10-15 minutes the first time and you should have some photo ID to hand. Here’s how to do it.

Step 1. Sign up to eToro

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eToro is the simplest crypto exchange to get started with. Create an account and supply a copy of your photo ID for verification.

1
Min. Deposit
$ 10
Best offer
User Score
10
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world’s leading social trading and investing platform
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:
CySEC, FCA

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

Step 2. Make a deposit

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Add funds via a card payment, bank transfer or an alternative payment method. You can start with as little as $10.

Step 3. Buy Tron token

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Type TRX into the search box then click ‘trade’. Enter how much money you want to spend and hit ‘trade now’.

Now you own Tron tokens! It’s as simple as that.

Where to buy TRX easily

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The overall best exchange to buy Tron token for beginners is eToro .

Here are the top five places to buy Tron, ranked according to their simplicity for beginners, fees, customer reviews, and safety ratings.

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1
Min. Deposit
$ 10
Best offer
User Score
10
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:
CySEC, FCA

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

2
Min. Deposit
$ 50
Best offer
User Score
9.3
Log in using the app and claim the Mystery Box to receive up to $10,000 in reward
One of the top digital asset exchanges by trading volume
Serving millions of users in over 100 countries
Start Trading
Payment Methods:
AdvCash, AliPay, American Express, Bank Transfer, Banxa, Credit Card, Debit Card, Discover, Mastercard, Mercada Pago, PayPal, Payoneer, PicPay, QIWI, SEPA, Simplex, Visa, WeChat, Wire Transfer, neteller, , , , , , , , , , , , , , , , , , , , , , , , , , , skrill
Full Regulations:
Trading in digital assets is considered high risk. Digital assets are NOT backed by any government or central bank. The risk of loss in trading or holding digital assets can be substantial. You should carefully consider whether interacting, holding, or trading digital assets is suitable for you in light of your financial condition.
3
Min. Deposit
$ 0
Best offer
User Score
9.1
Nexo is the world's largest and most trusted lending institution in the digital finance industry
Available in 200+ jurisdictions
Earn daily interest on your crypto
Start Trading
Payment Methods:
Apple Pay, Bank Transfer, Credit Card, Debit Card, Google Pay
Full Regulations:

Read more about how we rate, rank and review platforms.

Best exchanges to buy Tron (TRX), reviewed

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1. eToro. Best for beginners, copy-trading & demo-account

1%

Fees

$50

Minimum deposit

4,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Great for beginners, simple to set up and get started Competitive, industry-leading commissions Popular ‘Copy Portfolios’ function lets you follow top traders Excellent customer service, with live chat support provided Over 2,000 CFDs available to trade for UK & EU users (not US, real assets only)
Comparatively high fees for withdrawals and account inactivity Does not integrate with the MetaTrader platform High spreads on some assets

Overview

We love eToro because it makes it simple to trade crypto at home or on the go. If you’ve never bought cryptocurrency before, then eToro makes it simple to buy 75+ of the leading coins, including the likes of Bitcoin, Ethereum, and Dogecoin. Every crypto trade comes with a flat 1% fee, which makes it one of the cheapest crypto brokers on the market to boot.

As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the crypto market every day, browse the latest technical analysis about every one of those tokens, and copy other people’s trade suggestions from your desktop or the eToro app.

The fees: You will be charged a 1% fee every time you buy or sell crypto. The charge is included in the market price that’s displayed on eToro. CFD trades may be charged an overnight or weekend fee if you leave the position open.

Highlights

Visit eToro eToro Review

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

2. OKX. Best for futures and margin trading

...

Fees

...

Minimum deposit

...

No. assets

No

Demo/virtual account

Pros & Cons

Stake ETH to freely mint FIFA WORLD CUP 2022 NFTs & big prizes 350+ cryptocurrencies & NFTs available across 650+ trading pairs Crypto spot & derivative markets available Pay using hundreds of local payment methods
Not available in the US Lack of fiat withdrawal options

Overview

We love OKX because it’s an adaptable and flexible exchange, with an app that’s available in three different versions depending on how you trade. Choose from the beginner-friendly Lite version, Web3 option for NFT traders, or the Pro version for a plethora of trading tools. 

From an app or desktop you can trade 350+ crypto coins on one of the world’s top crypto exchanges. You can fund your account easily, through a variety of simple payment methods, and a sliding scale of fees that means you can access discounts by holding the OKB token or trading high volumes.

The fees: Regular users pay a 0.1% fee on spot crypto trades. OKB crypto holders are entitled to a discount, up to 0.02% off for holding more than 2,000 coins. High volume traders are also entitled to a discount, with the cheapest fees available for traders with a 30 day trading volume above $10,000,000,000.

Highlights

Visit OKX OKX Review
Trading in digital assets is considered high risk. Digital assets are NOT backed by any government or central bank. The risk of loss in trading or holding digital assets can be substantial. You should carefully consider whether interacting, holding, or trading digital assets is suitable for you in light of your financial condition.

3. Nexo. Best for earning interest & rewards

...

Fees

...

Minimum deposit

...

No. assets

No

Demo/virtual account

Pros & Cons

Offers excellent rates of interest on crypto and fiat savings Nexo debit card makes it easy to access and spend your funds Access crypto loans and collateral Equipped with top quality security infrastructure and insured
No anonymous option, your identity must be verified to place buy and sell orders Margins calls if the value of your collateral drops between a certain level

Overview

We love Nexo because you earn rewards every time you make a purchase. You can trade 60+ cryptocurrencies and earn rewards of up to 0.5% on every transaction, then store your coins on Nexo to build your wealth through passive interest payments.

You can trade on the go from a mobile app and Nexo is designed for simplicity. Every trade is locked in at the rate you see on your screen, so you won’t suffer from price slippage, and it has the added bonus that any crypto held in your account automatically starts to earn interest. 

The fees: Nexo charges a 2% spread on buy and sell transactions. There are no fees for storing coins in your Nexo account. Depending on your loyalty tier, you receive a fixed number of free withdrawals, and any additional withdrawals will be charged a network fee. 

Highlights

Visit Nexo Nexo Review

4. KuCoin. Best social trading altcoin exchange

...

Fees

...

Minimum deposit

...

No. assets

No

Demo/virtual account

Pros & Cons

Anonymous trading with up to 2 BTC withdrawals/24 hours Wide variety of cryptocurrencies No deposit fees
Low trading volumes not suitable for big traders Doesn’t support U.S. customers You might experience delays and lags during high-traffic times.

Overview

We love KuCoin because it;s a great place for beginners to trade more than 700 altcoins. KuCoin is a social trading platform with 20+ million investors worldwide in 200+ countries.

KuCoin’s beginner zone offers up rewards up to $500 for new users. The rest of the platform has plenty of features for the crypto enthusiast: a staking service to earn money on your stored crypto, an NFT marketplace, and margin trading features to buy leveraged tokens.

The fees: Trading fees are charged on a sliding scale. Fees are 0.1% on trading volumes below 50 BTC in a 30 day period. Discounts are available if you pay fees in KCS or store more than 1000 KCS in your account.

Highlights

Visit KuCoin KuCoin Review

How to trade TRX

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You can trade Tron on a cryptocurrency exchange using a few simple steps. Here’s a quick example that clearly lays out how TRX crypto trading works:

  1. Monitor the price: Let’s say the price of TRX/USDT is $1. You read the price charts and decide that now is a good time to start purchasing TRX.
  2. Open a trade: You trade one USDT for one TRX ($1 for 1 TRX).
  3. Continue to monitor the price: The next day, one TRX token is now worth $2, a 100% increase.
  4. Close your trade: You trade your TRX token back to USDT for $2.

In this example, you buy and sell Tron, doubling your money (trading). While the steps are simple, executing them in a profitable way is not so easy. You need to spend many hours learning to trade, reading charts, patterns, and understanding markets and margin trading; which you can do right here on Invezz.com.

1
Min. Deposit
$ 10
Best offer
User Score
10
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:
CySEC, FCA

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

What is the best way to pay for Tron (TRX)?

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The simplest way to buy Tron cryptocurrency is with your bank card. However, there are plenty of other options as well. Here are some of the top ways to pay for TRX.

  • Buy Tron with a credit card or debit card. Card payments are convenient and instantaneous but you may have to pay a higher fee to make a deposit this way. Binance charges 1.8% for a card deposit and some platforms charge as much as 4%.
  • Buy Tron with bank transfer. A bank transfer is usually the cheapest way to buy crypto. Crypto platforms like Crypto.com and Coinbase do not charge for bank transfer deposits, while Binance only charges a £1 fee, and these transactions are more or less instant as they run through the Faster Payments System (FPS).
  • Buy Tron with PayPal. Some crypto brokers accept deposits via PayPal. eToro is the best option because it doesn’t charge a fee for PayPal deposits, whereas the charge can be as high as 5% or more with other platforms.
  • Alternative payment methods. Crypto brokers often let you pay with other providers or money transfer services, like Neteller, Venmo, or Payoneer. The options vary by broker, though, so check what’s accepted before you sign up.

How do I store Tron (TRX)?

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Most people keep their crypto on the exchange they used to buy it. If you only plan to hold onto it for a little while then that’s a perfectly acceptable option. If you want to hold it for years or you own a lot of Tron then you should move it to a crypto wallet.

A crypto exchange is similar to a bank account, in that it means trusting a company to protect your funds for you. A wallet is like your personal wallet, or a safe, where you take responsibility for it yourself. Two of the best Tron wallets to use are MetaMask and the Ledger Nano S.

Is Tron (TRX) a good investment?

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Whether it’s good for you depends on your goals and the fundamentals of the project. Here are some key features of Tron and its token to help you decide whether to invest in TRX.

  • Tron is an extremely fast network. Tron is capable of processing up to 2,000 transactions per second, making it one of the fastest blockchain networks in the world. That is considerably faster than Bitcoin, which can only process 7 per second. 
  • Tron supports the development of decentralised apps. DApps, applications that run on the Tron blockchain, are not controlled by any single entity. This allows developers to create innovative applications that are not subject to censorship or control by any single entity. 
  • Low Fees. Tron has very low transaction fees, making it an attractive option for users who want to send and receive payments quickly and cheaply. Making a transaction on the Tron network will cost only $0.000005. 
  • It has partnerships with major companies. The team behind Tron have partnered with several leading businesses around the world, including Samsung and is actively working on new projects and partnerships. 
  • TRX is one of the largest cryptocurrencies. Tron is a top ten cryptocurrency by market capitalisation, which means it has a lot of liquidity and is widely traded. The confidence it has from the wider crypto market puts it in a strong position to maintain the growth it has already experienced. 

Use this quick summary of pros and cons to compare Tron with other, similar projects.

Pros

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  • The coin and platform have 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

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Ultimately, many different factors play into the answer. Cryptocurrency is inherently volatile but you can reduce the risks by investing in quality projects that provide value to the community.

How has Tron (TRX) performed this year?

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The current TRON price today is $0.14, which is 70% below its all time high of $0.1799, which it reached on 17 April, 2021. TRX is +108.15% this year, with a 52 week high of $0.0932 and a 52 week low of $0.0460. 

Is now a good time to buy Tron?

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The answer depends on the current price and your own investment goals. Put simply, buying Tron, selling Tron, and trading TRX are all the exact same process. It’s really just your personal investing intentions that defines whether now is a good time to invest or not.

  • If you’re a trader: as a cryptocurrency trader, your goal is to make money trading regularly. What do we mean by regularly? Hourly, daily, weekly. Traders buy and sell a coin quickly to secure their profit (or to avoid a loss). They don’t #hodl that coin long term in the hopes of larger profits. In this sense, any time is a good time to buy Tron.
  • As a long-term investor: a long term investor is not concerned if the price is up or down 10% on any given day. Rather, they care that the price of the native token is overall up months or years later, when they’re ready to sell that investment. So if you’re a firm believer in the foundations of Tron and its decentralised aggregator platform, then a good time to purchase Tron is on any major dip.

In our experience, most newcomers to the crypto market sit between the two. You don’t want to wait several years for a return, but buying Tron and selling it the next day probably isn’t why you’re here either.

Regardless, closely following TRX price news & analysis will help you decide when to pull the trigger:

The crypto market flashed bullish dominance as the bellwether Bitcoin (BTC) broke past the significant $60K threshold. BTC traded at $61,200 during this publication. Meanwhile, Tron is making strides, with the number of wallets holding TRX approaching the 100 million milestone. IntoTheBlock revealed
Justin Sun attracted attention with his comments on Tron’s (TRX) steps toward enhancing Bitcoin (BTC) interoperability following the recent partnership with an Ethereum Virtual Machine-compatible Merlin Chain. Meanwhile, the partnership with Merlin Chain comes after TRON unveiled plans to inte
Justin Sun’s altcoin maintained uptrends this week, with prices hitting a 2024 peak of $0.14048 on Feb 21. Meanwhile, two catalysts triggered the impressive price jump for TRON (TRX). The 12.62 million tokens burnet and the blockchain’s plans to integrate ecosystem tokens with the Bitcoin (BTC) netw
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FAQs

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Sources & references
Risk disclaimer
Prash Raval
Financial Writer
Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he has traded spot FX full time while... read more.