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So you want to buy some TRON (TRX)?
These days you can buy and sell TRON’s native currency, Tronix, on a wide range of crypto exchanges, so keep reading for step-by-step instructions on how to start trading TRX in Ireland.
This is our quick guide to just one way to buy TRX. Compare some other options in the table below.
If you want to buy Tronix, you can either:
You’ll probably need to buy TRX with another fiat currency, such as USD, since no exchanges currently offer TRX and EUR in a trading pair.
Here’s an example of how to trade another crypto for TRX.
If you want to sell your TRX, the process you’ll need to follow is fairly similar to that described in step 4 above. Of course, you’ll just need to make sure you enter your transaction details in the “Sell” rather than the “Buy” tab and remember to review your transaction before submitting.
It’s also worth pointing out that TRX isn’t listed in trading pairs alongside every possible crypto and fiat currency, so it may not be possible to directly exchange your Tronix for the currency you want.
After the launch of the TRON mainnet in June 2018, TRX is no longer an ERC20 token on the Ethereum network. As a result, you’ll need to find a wallet that supports TRX mainnet tokens.
The wallet options available were initially quite limited but are increasing all the time. There are desktop, web, Android/iOS mobile and even web-browser extension wallets that have been developed by the TRON community and are listed on the TRON website.
You can also use the Tronscan desktop app to manage your TRX holdings through the Ledger Nano S hardware wallet.
TRON is a blockchain-based entertainment content sharing platform that aims to transform the global entertainment industry. Launched in 2017 and with a stated aim to “decentralise the web”, TRON aims to allow users to create and publish content without the need to use centralised services, and without needing to hand control of their content over to major entertainment companies like Google, Apple or Facebook.
It was built in response to the perception that users are losing control of the Internet, with social media giants, advertisers and other large sites taking control. By using blockchain technology and its peer-to-peer benefits, TRON aims to cut out the profit-taking middlemen and allow content creators to connect directly with consumers.
To this end, TRON developers have created a formula that determines creator rewards. This reward system takes into account the following:
Cryptocurrencies are complex and notoriously volatile assets, so you should never buy any digital coin or token without doing some thorough research first. You’ll need to understand the factors that can potentially influence the price of TRX, as well as the risks involved in buying digital currency, before making a purchase.
If you want to buy TRON, make sure you consider the following factors:
Disclosure: At the time of writing the author holds ADA, ICX, IOTA and XLM.
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