How to Buy TRON in 2020: Buy, Sell & Trade

TRON is a decentralised P2P entertainment and content sharing platform powered by blockchain. Tronix (TRX) is the TRON cryptocurrency that traders are getting excited about. This guide shows you how to buy and trade TRON in 2020. 

Where to buy Tron

Read on to find out more about TRON (TRX) and how it works or skip ahead to our step-by-step buyers guide if you’re up to speed and ready to invest.

eToro
Key Features
Access the world’s most popular Crypto assets including Bitcoin
Automatically copy the trades of top Crypto traders
Deposit using PayPal + 9 other deposit options
Min Deposit
€200
Germany
Key Features
Access the world’s most popular Crypto assets including Bitcoin
Automatically copy the trades of top Crypto traders
Deposit using PayPal + 9 other deposit options
Top Coins
  • Ripple
  • Litecoin
  • EOS
  • Ethereum Classic
  • Bitcoin Cash
Payment Methods
Credit Card, Debit Card, Wire Transfer, PayPal, Skrill, Neteller, Yandex, WebMoney, UnionPay, MoneyGram
eToro is a multi-asset investment platform with more than 2000 assets, including FX, stocks, Crypto, ETF’s, indices and commodities. 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.
eToro is a multi-asset platform which offers CFD and non CFD products. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Skilling
Key Features
Licensed and regulated by CySEC and FCA authorised UK Branch
Multi-platform broker: Skilling Trader proprietary trading platform and cTrader
Offers 800+ instruments
Min Deposit
€100
Germany
Key Features
Licensed and regulated by CySEC and FCA authorised UK Branch
Multi-platform broker: Skilling Trader proprietary trading platform and cTrader
Offers 800+ instruments
Top Coins
  • Ethereum
  • Ripple
  • Litecoin
  • Bitcoin Cash
  • Bitcoin
Payment Methods
Credit Card, Neteller, Skrill, Trustly, Bank Transfer
Skilling is a CFD trading platform that offers instruments from markets around the world (Cryptos, Forex, Commodities, Indices, Stocks). Our proprietary platform has been designed to be both intuitive and user-friendly to ensure that anybody who wants to start trading the world’s markets, can feel confident and secure enough to trade without being apprehensive or intimidated when confronted by numbers, graphs and acronyms.
69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Plus500
Key Features
Crypto CFD Trading – Available 24/7 *
No need to open a crypto exchange account or use a special wallet
Fully regulated – FCA, ASIC, CySec
Min Deposit
€100
Germany
Key Features
Crypto CFD Trading – Available 24/7 *
No need to open a crypto exchange account or use a special wallet
Fully regulated – FCA, ASIC, CySec
Top Coins
  • Ethereum
  • Bitcoin
Payment Methods
Credit Card, PayPal, Skrill, Bank Transfer
Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,700 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies.
76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. * Except for 1 hour on Sunday.
Investous
Key Features
Daily market updates and news
Cysec regulated
Online webinars
Min Deposit
€250
Germany
Key Features
Daily market updates and news
Cysec regulated
Online webinars
Top Coins
  • Litecoin
  • Bitcoin Gold
  • Ethereum Classic
  • Dash
  • Ethereum
Payment Methods
Credit Card, Skrill, Wire Transfer
Investous even new platform has already established a solid reputation as a portal that's built around the evolving needs of its members. It provides a smooth simple and streamlined interface that supports intelligent and intuitive trading, with a wide range of popular assets, superb educational tools and responsive customer service.
79.86% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Libertex
Key Features
Authorised and CySEC regulated broker
50% commission discount for new traders
200+ instruments including all major cryptocurrencies
Min Deposit
€100
Germany
Key Features
Authorised and CySEC regulated broker
50% commission discount for new traders
200+ instruments including all major cryptocurrencies
Top Coins
  • Bitcoin Cash
  • Bitcoin
  • Ripple
  • Litecoin
  • EOS
Payment Methods
Credit Card, Debit Card, Bank Wire, Neteller, Skrill, OrangePay, Bitcoin, Cash
Operating since 1997, Libertex is an international, trustworthy brand with more than 20 years of financial market and online-trading experience. Libertex is serving clients from more than 110 countries. As one of the international leaders of the industry, the company has won over 30 prestigious awards worldwide. Each year, the leading position strengthens both in the markets where it has established presence and in the new markets where the company is entering with its innovative products and services.
Trading leveraged products such as CFDs involves substantial risk of loss and may not be suitable for all investors. 83% of retail investor accounts lose money when trading CFDs with this provider. Trading such products is risky and you may lose all of your invested capital.

What is TRON?

The developers at TRON envisaged a platform that people from all over the world could use to easily source digital content direct from the publisher.

The use of blockchain and P2P technology will help facilitate the bridging of the gap between content producers and content consumers. 

How does TRON TRX work?

To encourage great content, TRON created Tronix – the cryptocurrency that’s used within the TRON community. TRON Users can pay for the content they want to see using TRX. The coins go to the content producer so, in theory at least, the better the content you produce, the more TRX you can earn. 

Once you’ve started earning TRX you can exchange it for BitCoin (BTC) or any number of other cryptocurrencies, but if you don’t have the time or patience to earn TRX by creating content, you can always buy some. 

How to buy TRON online – step-by-step guide

Step 1. Get a suitable wallet

Finding a wallet for your TRX is fairly easy these days as plenty of reputable developers have opened up compatibility. We’ve had a look around and picked out three of our favourites: 

Ledger Nano X: In our humble opinion, there’s no safer way to store your cryptocurrencies than in a hardware wallet, and the Ledger Nano X is one of our top picks. It’s not the most expensive HW wallet on the market, but it’s also not the cheapest so it might not be perfect for casual traders.  

Trust Wallet: With its clean, easy to use and mobile-friendly interface, you won’t go too far wrong with the Trust Wallet. And with Android and iOS versions it will be suitable for most users.

Exodus Wallet: If you’re looking for a slick desktop client then the Exodus wallet could be the one. There’s also a mobile version, but we like the desktop version best. 

Step 2. Find a TRON exchange

There are plenty of exchanges out there if you’re looking to buy TRON. Here are some of the more popular options: 

Binance: This is usually the first port of call for us when we’re in the market for cryptocurrencies and it’s as good a place as any to grab some TRON. 

Bitpanda: If you can’t find what you’re looking for at Binance, the next best place for buying TRON is BitPanda. If you’re on mobile, you can download the Bitpanda app and buy TRON on the go.  

Step 3. Withdraw your TRON

Once you’ve acquired your TRX, it’s wise to withdraw it from the exchange as soon as possible. While exchange security has generally improved, it’s always safer to keep your cryptocurrencies in a wallet.  

How to trade TRON – step-by-step guide

If you’re only intending to trade TRX, there’s no need to bother with a digital wallet because you’ll be speculating on the value of your chosen currency rather than actually buying it.

Step 1. Find a broker

When you start out, the first thing you’ll want to do is find a broker. There are plenty of brokers that specialise in cryptocurrency trading, but we like eToro and Plus500. 

Step 2. Deposit money

Most trading platforms will allow you to deposit Fiat money (USD, GBP, EUR etc.). It’s worth noting that trading platforms offer leveraged trading, which means you don’t have to put up the full value of a trade. Instead you can pay a deposit, known as a ‘margin’. This means you can potentially make bigger profits and, of course, bigger losses.

Step 3. Decide how you’d like to trade

There are two methods to trade cryptocurrencies: CFDs (contracts for difference) and Spread Betting. Both methods essentially entail speculating on the price movements of your chosen currency. If you aren’t sure which option to go for, we recommend researching the differences between spreads and CFDs.

Step 4. Start trading 

Before you jump in, you might want to open a demo account with your broker. This is the best way to get a feel for the platform and develop a better understanding of what crypto trading is all about. 

When you feel you’re ready to trade with real money you can step up to a live account, but please bear in mind that cryptocurrencies are highly volatile and it’s easy to win and lose money very quickly. 

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 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 can be risky, though, so make sure you have a stop loss in place for damage limitation. 

Still undecided?

Pros of TRON
  • TRON TRX is expected to do well in 2020
  • Now more than ever, people are looking for alternative places to find content
  • TRON can be exchanged for Bitcoin
Cons of TRON
  • Huge supply of TRX makes it less attractive to investors
  • Possibly overvalued as there is no product yet
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.

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