Guide On How To Buy Tron In The US In 2024
Tron (TRX) is the TRON platform’s internal currency, which runs on its own blockchain.
This network does not support mining, and the total supply of TRX is limited. The project issued a total of 100.000.000.000 coins.
TRX is a popular currency that is used both on and off the TRON network. TRX transfers are conducted using a unique UTXO transaction model, which is a more secure version of Bitcoin.
Each transaction is fixed and trackable, and transfers are carried out only if the system’s rules for the transaction are followed
This cryptocurrency overview will look at how to buy Tron in the United States in 2022.
The methods listed in this article are only valid if you are trading from the US. Trading Tron from any other country is not listed in the article.
Pros And Cons Of TRX
TRX cryptocurrency has several interesting features, including the following:
- Zero or minimal fees. Each account on the network can enjoy approximately 20 free transactions per day (their exact number depends on the size of the transactions). But even if the user goes beyond the limit or falls into a period of peak load on the network, the commission will be ten times lower than in the Ethereum network (before it transitioned to Uerukugy 2.0) or Bitcoin;
- High speed of transfers, which is provided by the high bandwidth of the TRON network. The network supports 10 times more transactions per second than Ethereum;
- Ease of earning TRX. Authors of applications or content can easily earn TRX on their creativity, which means that the number of users from USA/EN will only grow, positively affecting the price of the coin;
- Decentralization. TRX holders may be eligible to participate in project development.
Buying TRX With A Bank Card Through Peer-To-Peer Platforms
P2P sites usually offer the most profitable offers, but the risks of getting “dirty” or “gray” money when selling cryptocurrencies are an order of magnitude higher here than with any other method.
For example, Changelly exchange offices value their long-term reputation and will lose much more from leaving the market than from such a one-time “jamb”, and they also have a lot of details in stock so as not to arouse the suspicion of regulators.
At the same time, simple private traders on P2P take this less responsibly – they can easily register for “drops”, involve them in “triangles”, etc.
In any case, everyone decides for himself what is more profitable for him – greater reliability or a favorable exchange rate. Our task is to acquaint you with all the nuances.
- Go to any of the popular exchanges with the most liquidity, such as Paxful or Binance P2P;
- Pass the mandatory registration and verification;
- Choose the direction you need (payment gateways, card-to-card transfers, etc.);
- Replenish the site’s wallet with tokens and wait for the funds to be credited from the second participant in the transaction.
Buying Tron Through Crypto Exchanges
If you want to know how to buy Tron cryptocurrency in USA then it is better to choose a centralized exchange with a clear interface, as well as the ability to deposit fiat (dollar, euro, pound, etc.) on it.
Most likely, you will not be able to find an exchange that does not require the passage of KYC (identity verification procedure). This is an additional difficulty on the way to the coveted purchase of the Tron.
It is convenient to make an operation to buy cryptocurrency TRX on any well-known exchange.
After verification, you will get the opportunity to trade in fiat currencies, as well as simple deposit and withdrawal (most often instant).
There are some features that you will enjoy:
- Your TRXs are already stored on the exchange cryptocurrency. In the case of the top exchanges, you will have the opportunity to trade with liquidity. This means that your buy and sell orders will be filled quickly;
- You are protected from exchange scams (note: you are not protected from exchange scams, hacks, etc.);
- You can easily withdraw money to a bank card.
Summing Up
Today TRX is a promising cryptocurrency with good capitalization, and a convenient and actively growing and developing ecosystem.
Applications in it are gaining more and more popularity. For example, it is worth noting the Justswap protocol for the automatic provision of liquidity. Or the loan product JustLend, which allows users to borrow in stablecoins.
Tron is in demand among both developers and users, besides, the coin is listed on all major exchanges and has good liquidity. And what distinguishes it from analogs is the ability to earn cryptocurrency without mining.
