Table of Contents
1. Choose a crypto exchange
First things first, you need an exchange that both has Tron, and is trustworthy!
You can find our top 3 exchanges for buying Tron here, alternatively you can also check our comparison of the best Australian cryptocurrency exchanges if you’re generally interested in seeing which exchanges work for Australians.
2. Sign up with the crypto exchange
Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.
3. Fund your account
The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.
4. Buy Tron
And of course, the final step is to find Tron on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.
Where to Buy Tron (TRX)
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How to Sell Tron
- Sign into the exchange
- Find where you stored your Tron, either on a hardware wallet or on the exchange.
- Transfer your Tron to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
- Sell Tron.
Considerations when looking to buy Tron.
Tron Foundation launched TRON (TRX), a blockchain-based decentralized operating system in 2017. TRX tokens started out as ERC-20-based tokens that were deployed on Ethereum. However, they were later moved to their own network a year later.
The original goal of the project was to give full ownership rights for digital content creators. The primary goal of the project is to support content creators, who receive only a portion of the income, and reward them with greater rewards for their hard work. How? Invite content consumers to reward content creators directly, without intermediaries such as YouTube, Facebook, or Apple.
TRON software supports smart contract, different types of blockchain systems, as well as decentralized applications (aka dApps). The cryptocurrency platform uses a similar transaction model to Bitcoin (BTC), namely UTXO. Transactions are recorded in a public ledger where users can see the history of transactions.
The platform was created to create a decentralized Internet. It also serves as a tool to allow developers to create dApps. This acts as an alternative to Ethereum. Anyone can create dApps via the TRON network and offer content. In return, they will receive digital assets. TRON has an unmistakable advantage in that you can create content and share it freely without worrying about transaction fees.
TRON is a platform that allows content creators to connect directly with their audience. It is hoped that creators will not lose as much commission by eliminating centralized platforms, whether they be streaming services, music sites or app stores. This could make content more affordable for consumers. TRON could be a leader in the application of blockchain technology to entertainment.
According to the company, it also boasts a highly skilled and experienced team of developers based all over the globe, which has been drawn from companies like Ripple Labs.
Last, but not least: While other blockchain projects may be opaque about their development plans, TRON provides a unique advantage by providing a roadmap that outlines its future plans.