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How To Buy Tron (TRX) Cryptocurrency ?

Tron is a platform based on blockchain and created for making a global decentralized entertainment network with its own cryptocurrency indicated as TRX which you can easily buy, sell, and store in your wallet. Continue reading to find out how to buy Tron crypto and get to know many interesting details concerning this coin. The Tron project is often called a social media of the new generation where users can share games and content of other types with anyone all over the world. Tronix (or TRX) is the basic unit of accounts in the Tron blockchain. It is the cryptocurrency of this platform that you can buy and sell on a crypto exchange. Tron is a rather cheap cryptocurrency: the cost of this token is much less than $1 making it perfect for beginners. But experienced traders also tend to buy TRX since the project is quite promising. Note that at the beginning TRX rose in price significantly. Let us tell you the history of TRX and some interesting facts that can help you to decide whether to buy Tron crypto.

The Beginning of Tron

TRX that you can buy on various exchanges was introduced in 2017. It uses a protocol that reminds Ethereum in a way, but having better bandwidth: the Tron network can process nearly 2000 transactions per second. Besides, the blockchain of Tron allows creating DApps for the gaming industry. You can buy Tron crypto on many exchanges (mining of TRX is unavailable since all coins are already in circulation). The Tron project was started by Justin Sun, the founder of Peiwo (a Chinese alternative to Snapchat that already has more than 10 million users.) Justin is included in the Forbes Asia's TOP-30 list and works together with Feng Li, who is an adviser of Ripple. Experienced blockchain enthusiasts from Alibaba, Tencent, and Baidu have been developing the platform. Tron is supported by several companies, for example, a leading manufacturer of chips ASIC used for mining Bitcoin. Buying TRX crypto may be a good investment because the project has been developing quite rapidly and has strong support.

How To Buy Tron (TRX) Coin Cryptocurrency

The Roadmap Of Tron

Exodus
2017-2108. Introduction of a reliable and free of charge network for storing and distributing data.
Odyssey
2019-2020. Creating a competitive blockchain-based environment with fair rewards for every creator and distributor of content.
The Great Journey
2020-2021. The blockchain is to solve the main problems associated with measuring income, paying dividends, and managing support.
Apollo
2021-2023. Every content author gets a possibility to create tokens. This platform is going to enable free exchanging, buying, and selling of all internal and supported tokens.
Star Trek
2023-2025. The open source enables developers to create their own platforms using Tron.
Eternity
2025-2027. Providing opportunities for creating online easily-customized platforms.

TRX Price History And Market Cap

In autumn 2017, TRX appeared on a crypto exchange for 1 cent with a market capitalization of $70 million. Its huge reserves (99,222,599,901 tokens) and a low price helped Torn to be added to the crypto TOP-15. But in the beginning, users did not buy TRX as much as expected and the rate remained at the same level. Later, thanks to a good PR campaign, attracting investors, and funding the market cap reached $160 million. At that time one token cost 6 cents. By January, the cap of the project exceeded $2 billion, to buy TRX one needed 10-20 cents. But due to an unauthorized selling of a huge number of tokens from a Binance account (6 billion TRX equal to $300 million), the cost of the Tron crypto dropped to 4 cents. Crypto experts have different opinions concerning the further development of TRX. Most of them agree that buying TRX is a rather solid investment.

Buy TRX

How To Buy And Store TRX

The TRX altcoin is available for buying on most exchanges such as Binance, BestChange, Yobit, Mercuryo, P2PB2B, etc. If you would like to buy TRX you need to create an account on one of them (if you have not done this before) and start trading. You can find a detailed guide on how to buy any type of cryptocurrency including TRX with a credit card or a virtual wallet on P2PB2B.

After you have bought TRX you can store it in your exchange wallet or transfer your tokens to any other one. But note that you should choose an Ethereum and ERC20 tokens wallet, such as Trust Wallet, Tronscan Wallet, Exodus, etc. But they are not necessary if you are going to use P2PB2B.

Experts agree that buying Tron crypto is a good investment. Currently, the price to buy TRX is quite low, but there are many chances for the coin to become one of Ethereum's main competitors. This explains the popularity of TRX and the high demand for it on crypto exchanges.

Pros and Cons of Tron TRX

Pros and Cons of Tron TRX

Before buying TRX we suggest considering some pros and cons of this cryptocurrency. Thus, Tron has the following pros:

  • A great team of investors, developers, and advisors. Justin Sun is a protege of Jack Ma, the founder of Ali Baba.
  • The project has strong support from entertaining content creators and users worldwide.
  • The more attention Tron receives, the stronger TRX becomes, and there is no problem with this point.
  • Currently, everyone can buy TRX cheap on any exchange, but the cost of the altcoin is expected to rise.

But don't hurry to invest all your free funds and buy Tron tokens immediately because there are a couple of cons too. The reputation of Justin Sun is not crystal clear. We mentioned above the fact of selling 6 billion TRX tokens at the beginning of 2018 from an unknown account. There are rumors that Justin Sun himself was behind that. Not all crypto experts believe in this project and warn not to invest funds to buy TRX.

Is Investing in TRX A Good Idea?

Investing in TRX

As you can see, Tron is supposed to be a long-lasting and promising project that can change the game rules. On the one hand, buying TRX is a great investment because the cost of the altcoin is expected to grow. Some experts even compare TRX to Bitcoin and talk about a similar fortune of the Tron project. On the other hand, all we can see now is a roadmap. The final product has not been completed yet and potentially there are many obstacles to reach the goal.

If you are thinking about buying Tron crypto take into account all risks common to all blockchain projects. But the relative stability of TRX can protect your funds from burning.

Using a crypto exchange is the best way to invest your funds and buy Tron tokens. You can easily trade TRX and other 300+ cryptocurrencies on P2PB2B!

In addition to over 700 trading pairs, a user-friendly interface, 24/7 multi-language support, and secure transactions regardless of server load, we offer you a great referral program. Just invite friends and get rewarded every time your referrals buy or sell cryptocurrency.