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These days you can buy and sell TRON’s native currency, Tronix, on a wide range of crypto exchanges. Tronix was founded in 2017 and originally operated as an ERC20 token, but no longer does. Many popular exchange allow you to buy and sell TRON, so compare a few options before settling.
Knowing where to buy TRON is half the battle — so compare exchanges on fees, supported fiat currencies and more to find your best fit.
TRON is the name of the blockchain-based entertainment content sharing platform.
Tronix tokens are the platform’s native currency and are used to reward users for creating content.
TRX is the ticker symbol crypto exchanges use to refer to Tronix, in the same way that the Malaysian ringgit is abbreviated to MYR.
If you want to trade another cryptocurrency for TRX, here’s an example of how to do it.
As always, take some time to review the transaction details and total cost before you click “Buy 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 need to make sure you enter your transaction details in the “Sell” rather than “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:
Consider these and a range of other influencing factors before deciding whether you should buy TRON.
Disclosure: At the time of writing the author holds ADA, ICX, IOTA and XLM.
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