When the term TRON is mentioned, most people think of a decentralized application platform. However, many other things can be done with this coin and its blockchain technology. You could even use your TRX to buy some nice stuff online!. The platform allows anyone to publish, distribute or consume digital media on their terms. It provides a distributed data storage system where each user owns their data to control its use.
TRON is becoming more popular every day, especially after Justin Sun bought BitTorrent for $140 million last month. This was seen as an attempt by him to gain popularity among millennials since he’s one himself. He has also been working hard at improving the project itself so far. For example, the team recently launched TronLink, which will allow users to link their wallets directly from exchanges such as Binance and KuCoin.
How can I buy TRON
You can either purchase them through fiat currency or cryptocurrencies like Bitcoin. If you want to go crypto-only, then you should first decide if you’re going to invest in BTC only or any other coins too. You may have heard about investing in altcoins but make sure you don’t get scammed because there is always someone trying to take advantage of newbies who aren’t aware of what not to do when trading. There are, however, mining fees depending on the amount being transferred. These vary between 0.1% and 1%.
TRON uses PayPal as a payment processor. To top it off, they offer free transactions up to $50,000 per year. This means that you won’t need to pay anything else besides the fee charged by PayPal. This has allowed the company reach out to millions of customers worldwide. They currently support over 200 countries around the world.
Buying TRON with a credit card
TRON accepts Visa and MasterCard payments via CoinPayments.io. All purchases made with these cards incur 3.5% processing charges plus a 2.9% conversion rate. So, if you were to spend USD 100, you would end up paying $3.65 USD. Credit card has become very common nowadays due to convenience. Most companies accept it now. But keep in mind that sometimes, certain websites might ask you to verify your identity before allowing you to complete a purchase. Also, check whether the website offers refunds if something goes wrong during the process. Some sites charge extra fees for international orders.
TRON supports bank transfers. Users can send funds to another wallet address within minutes. Once sent, the money cannot be reversed. Be careful, though, and some banks impose limits on daily withdrawal amounts. Check with your financial institution beforehand. With bank transfer, you’ll receive your funds instantly once confirmed.
Where to buy TRON
There are places where you can buy TRON. they include:
In the coinbase app, click Add Funds. Then select Buy Bitcoins & Alt Coins. Enter the desired information into the relevant fields. Click Continue. Select Ethereum, Litecoin, Ripple. Scroll down until you see TRON listed under ERC20 tokens. Click add a token. Wait for the deposit to confirm. Your TRX will appear in your account.
Changelly has partnered with many major exchanges, including Poloniex, HitBTC, Huobi Global, etc. The platform allows its clients to exchange different types of digital currencies without charging any commission. It allows users to convert their cryptocurrency directly from one blockchain to another while keeping each asset’s original characteristics. It also provides an easy way to trade various assets at competitive rates. This is done by connecting both parties’ accounts so that the user does not lose their investment.
Binance is a global decentralized cryptocurrency exchange based in Hong Kong. It was founded in 2017. CZ formerly worked at Goldman Sachs. Binance claims to be more secure than traditional platforms since trades happen peer-to-peer rather than through centralized servers. In addition, the site boasts fast execution times and high volumes. However, this comes at a cost. Fees range anywhere from 5%-10%, which makes it harder for traders to profit.
Localbitcoins is a P2P marketplace where buyers meet sellers. In LocalBitcoins, people sell or buy bitcoins using local currency. Sellers set how much bitcoin they want to get paid per unit of cash. For example, someone may offer to pay 0.1 BTC for 100 dollars. If you agree to the deal, then you have two options. You either provide the seller with the agreed amount of cash or use a credit card payment service like Paypal. After receiving the cash, the buyer sends the coins to his wallet.
TRON is currently ranked as number 7 out of 8 cryptocurrencies according to market cap. Its price has been steadily rising over time. Currently, there’s no apparent reason why investors should invest in TRON other than speculation. Investors need to do further research before making a decision.