How To Buy Tron (TRX) Cryptocurrency ?
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.
The Roadmap Of Tron
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.
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
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?
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!
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