How to Buy Tron (TRX) in November 2024

Tron (TRX) is a popular cryptocurrency that used to rank higher in previous years than it does at the time of writing, but it still has a very strong and powerful community, as well as a good underlying technology. All of this makes many want to buy the Tron crypto, especially as its price has been gradually rising since July 2021.

Not to mention, at the beginning of this year, it reached levels not seen since January 2018. If you’re wondering “Should I buy Tron crypto?” or where to buy Tron crypto, then read on and we’ll explain everything you need to know.

Best Platforms to Buy TRON in 2024

If you want to learn how to buy Tron crypto, the first thing that you will need is a reliable broker that will help you access it and purchase it. Here is our top pick of the most suitable brokers to buy Tron:

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

What is TRON?

Tron is a cryptocurrency that originally launched on Ethereum’s blockchain before creating its own and migrating away from Ethereum in mid-2018. Since its creation, the project has focused on revolutionizing the entertainment industry and decentralizing the web, mostly by bringing solutions that would allow users to connect directly with their favorite content creators, pay them for the content they provide through tipping and micro-transactions, and alike.

Tron’s goal is to remove middlemen between content creators and their fans, thus allowing fans to pay less while simultaneously earning more for their effort and dedication to their art. While developing its blockchain, TRON made sure that its technology would be better than Ethereum’s, which struggles with scalability, transaction speed, high fees, and a number of other issues that make it seem outdated in this day and age.

Despite its technological advantages, TRON has never managed to overtake Ethereum, but it still has a fairly developed and rich ecosystem. From gaming and gambling dApps to DeFi projects, NFTs and more, the TRON crypto has everything anyone looking for a network to settle down in could need, be they developers, entrepreneurs, app users or investors.

Why Buy TRON?

Reasons to buy Tron crypto are many, from the fact that it is among the 30 largest cryptocurrencies in a market that features nearly 14,000 of them to the fact that its price has been growing in recent months. Crypto TRON has come a long way since its launch.

From having a price of only $0.002 to skyrocketing to an all-time high at $0.30 in 2018, crashing down to $0.1 later that same year, and recovering to $0.16 in 2021. Then it crashed again, this time to $0.05, only to once again recover and reach $0.10. Tron crypto has great potential as a cryptocurrency in its own ecosystem, where it has countless use cases.

It is not exactly a controversial coin, although its founder, Justin Sun, was often criticized for using every opportunity to raise hype about his project. Tron’s mission of revolutionizing the entertainment industry is also a worthy goal to follow, especially these days, when the portion of entertainment belonging to individual creators rather than major companies continues to grow.

As regular people are getting a platform where they can freely create and distribute the content that they love, supporting them directly and allowing them to continue to grow as creators at basically no cost to the community is the true representation of decentralization and support.

It is also worth mentioning that Tron crypto price prediction remains positive, while still suffering from volatility. It tends to be less volatile, or rather, to have less sudden and softer price changes, giving its investors plenty of time to react.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

TRON Crypto Price

If you wish to buy Tron crypto, you can do so at a variety of brokers or cryptocurrency exchanges. Of course, since there are no two platforms that are exactly the same, the rates and fees that you will encounter will vary.

That is why it matters very much where you go to buy crypto Tron. eToro, for example, charges no commission for purchases, but there are still spreads that you have to pay. Alternatively, platforms like Binance charge a spot trading fee, which can vary depending on the platform.

Binance will charge a 0.1% spot trading fee, and if you go for the instant Buy/Sell option, then the fee will jump to 0.5%. This can be rather cheap if you are investing in small amounts, making it the best place to buy Tron among crypto exchanges. eToro, however, is the best place to buy Tron crypto if you wish to use a broker. The Tron crypto price should be taken into account when calculating how much you would have to pay, and at the time of writing, it sits at $0.10 per coin.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

How to buy TRON (TRX) with PayPal

Although PayPal started supporting cryptocurrencies in 2020, its crypto offering is still very limited and crypto TRON is not one of the supported coins. Even if it were, PayPal currently only services the US and UK, meaning that people in most other countries would not be able to buy cryptos on its platform.

The only other way to use PayPal to buy Tron crypto would be indirectly, via P2P platforms. These platforms allow you to make a deal with TRX sellers and have them send you the coins, while you use PayPal to send a payment directly to their own PayPal. One day PayPal may add support for TRON, but until then this is the only way if you want to use this online payment processor.

How to buy TRON with Bitcoin

If you were wondering if you could buy Tron with Bitcoin, the answer is yes, and it is much easier to do so. All you need to do is find an exchange that supports both coins, which most do these days. The same can be done with certain brokerage accounts.

You will then need to fund your exchange wallet or brokerage account with Bitcoin and use it to buy TRX. Since TRX and BTC operate on different chains, you cannot use DEX at this point unless you can find a Tron-based DEX that offers wrapped bitcoin (wBTC). In any case, you should also set up one of the TRON wallets so that you can withdraw your coins to a secure location once you have purchased them.

Best Exchanges To Buy Tron in 2024

Before we explain how to buy Tron crypto, we should first cover where you can do it. Our experts have selected some of the best and world-renowned platforms where you can buy TRON cryptocurrencies safely and with low commissions.

1. eToro

eToro is our top choice for an online broker service for buying TRON crypto, or cryptocurrency in general. Obviously, that means that it supports crypto trading in addition to things like forex, stocks, equity, and more.

eToro was founded in 2007 as an online broker for traditional assets, but it greeted cryptocurrencies with open arms a few years ago, when it became clear that they were not just some passing trend. The company now services over 20 million users, allowing all of them to engage in crypto purchases if they want to.

eToro is a particularly popular broker among retail traders, as it makes an effort to be affordable and approachable. Its platform is very easy to navigate, its minimum deposit is only $50, and all tools are very simple to use, which makes them great for novice traders, although not that good for expert investors who need more advanced things for their trades.

Another great thing about eToro is that it offers commission-free trading for all assets. It still has spreads that traders need to pay, but they are very low and affordable. On top of all that, it is regulated by multiple regulatory bodies around the world, including the FCA, ASIC, CySEC, and more. Lastly, eToro also offers social trading, and its copy-trading feature allows any trader to copy the moves of an expert that trades the same asset as the one they wish to engage with.

So, if you don’t know how to make a proper TRON crypto price prediction or even how to buy TRON, you can just copy an expert’s moves and do the same thing they do in real-time and achieve the same results. The platform also features a demo account, which new traders can use to study crypto trading without risking real money.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Note: Only cryptocurrencies eToro customers in the United States will be able to trade on the platform will be Bitcoin, Bitcoin Cash, and Ethereum.

2. Binance

If you wish to buy TRON on a cryptocurrency exchange instead, we can recommend Binance as our top option. Binance is the world’s largest cryptocurrency exchange by trading volume and likely one of the largest crypto-related companies in the world.

It was launched in 2017 when cryptocurrencies were rushing towards their biggest milestones for years to come, and it quickly gained popularity.

It used its profits wisely, setting up subsidiaries around the world, listing coin after coin, and launching services that exploded in the following years, such as its Binance Launchpad, which kicked off the IEO (initial exchange offering) by launching another Tron-based coin, the BitTorrent (BTT) token, in January 2019.

Binance has been a major supporter of TRON crypto over the years, so naturally, that means that the coin is available on its platform. Binance is also an exchange that is significantly more complex and built for veteran traders who know what they are doing. But, that doesn’t mean that beginners cannot use it, as the exchange does a good job at balancing user-friendliness with advanced tools.

At the time of writing, Binance’s main platform offers 1159 trading pairs, while Binance.US – its US-based subsidiary designed for American users, offers up to 50 coins and 591 cryptocurrency pairs. With such numbers, it is clear why Binance is the most popular exchange – it simply has a pair for everyone. The main exchange, for example, has around 17 TRON crypto pairs, including some major and some smaller coins.

It is also relatively good when it comes to fees, with executions costing around 0.10% per trade and the ability to reduce the fees by as much as 40% if you use its native Binance Coin (BNB). And its minimum deposit is even lower than eToro’s, sitting at £15 for debit and credit cards. However, it does have a minimum investment amount as well, which is $10 per trade.

Your capital is at risk.

3. OKX

OKX is the second largest exchange in the crypto market after Binance, according to CoinGecko’s top, with over 20 million users in over 100 countries. OKX has been growing in popularity among investors since its launch in 2017 due to its extensive functionality, intuitive interface and competitive fees.

Currently, OKX trades over 400 cryptocurrencies, including Bitcoin, Ethereum, and Tron. Moreover, in 2018, OKX also launched its own “utility token” called OKB. The OKB token can be used to pay trading fees on the platform as well as to pay for “exclusive services” such as customer support and enhanced APY rates.

In order to create a trading account on the OKX exchange, users must first log on to the official OKX website and click on “Register”. Afterwards, a form will open containing mandatory fields, such as entering an email address or phone number, as well as creating a password.

You will then receive a 6-digit PIN code at your email address or phone number. No KYC is required when registering on OKX. Once your account is verified, you can start funding your account. Funding is done through cryptocurrencies, and in this case, you have several options to choose from. There is a separate tab called “Active” that you need to click on for a pop-up menu to appear. Finally, click on “Deposit”.

Your capital is at risk.

How to Buy TRON on eToro in 2024

Once you make your Tron crypto price prediction and decide that it is the right time to buy Tron, you will also need knowledge of how to buy Tron. This is what we are about to explain now, using eToro’s platform as an example. The process is simple, and there are only a few steps to take.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Buying TRON Safely

The most important thing about buying crypto Tron is not where to buy it, but how to ensure that your purchase is as safe as possible. You can ensure the maximum safety of your Tron coin buy by using only regulated brokers and exchanges. Granted, cryptocurrency regulations are still basically non-existent, and even what little laws are there are mostly vague and borrowed from other assets.

But, in a lot of countries, exchanges have to be regulated in order to be allowed to operate, and using those platforms would ensure the maximum safety of your investment.

Another thing to do to boost security is to not leave your assets in the platform’s wallet after buying it. While exchanges and brokers invest massive amounts in security, they can still be hacked, and your assets might be stolen. The best thing you can do is set up one of many Tron wallets and withdraw your coins after you buy them.

That would ensure that you are the only one who will have access to them by holding both private and public keys yourself. That way, your funds also won’t be confiscated or your account frozen, as your wallet is your own to manage and use.

Risks of Buying TRON Crypto

Learning how to buy TRON is important, but learning about the risks that come with buying it is even more crucial to preventing financial losses. To be clear, TRON is not a scam. However, it is a cryptocurrency, and as such, it comes with several types of risk. There is always the risk of its price suddenly crashing and you losing your investment, which is why you should never buy it with money you can’t afford to lose.

There is also the risk of losing money to hackers, although if you heed our advice about using regulated platforms, you will most likely get compensation for your losses. The biggest risk still lies in volatility, and it is even greater if you engage in trading with leverage.

Trading with leverage means that you buy a certain amount of Tron and pay only a fraction of the full amount with your own money. The rest you get to borrow from the platform you are using. This is usually done by trading CFDs (Contracts for Difference) that use TRX as an underlying asset.

When you trade CFDs, you essentially bet which way the Tron crypto price will go. If you are correct, you earn money, even if the price itself has gone down. This is possible because trading CFDs does not include actually buying TRX, so you don’t own the asset that had its value decrease, you are just making a Tron crypto price prediction.

The thing is, however, that your predictions need to be extremely accurate if you trade with leverage, as your window for making an error gets smaller and smaller as the leverage grows. If you are correct, your reward will be great, but if your Tron crypto price prediction is even a little bit off, it will cost you your investment.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Selling TRON

Selling Tron is not much different from buying it. It is done when the price has reached what you consider to be its upper limit and when you want to make a profit. Also, if you are expecting an upcoming crypto TRON price correction, this is the right time to sell.

This is another situation where Tron crypto price prediction comes in very handy. Selling your coins in this situation is done by going to your exchange or broker of choice, finding the sell option and filling in the sell order.

Is TRON a Good Investment?

TRON, a high-risk cryptocurrency, is a good investment for those with a high-risk portfolio. Its founder, Justin Sun, has a strong position in the crypto world, having been named in Forbes China Under 30 three times and founding Peiwo in China.

TRON was launched in May 2018 and has a substantial market capitalization of over $5.9 billion, ranking as the 15th-largest cryptocurrency by CoinMarketCap.com. The TRON network hosts the largest circulating supply of stablecoins globally and is popular with decentralized application developers. The TRON blockchain is exceptionally fast in transaction completion, with 2,000 transactions per second (tps) compared to Bitcoin’s 6 and Ethereum’s 25 tps.

TRON has also invested in strategic partnerships, such as buying BitTorrent in 2018, investing heavily in Poloniex, and being supported by Samsung, Swisscom Blockchain, and Opera. The price of TRON has fallen by almost 80% compared to its all-time high of $0.20, following the bearish direction of the cryptocurrency market. Many investors believe in the future of TRON and consider it a valorous investment, as it has good potential for growth.

TRON Crypto News

To follow the development of the Tron crypto and keep up to date with the latest information, below we present some of the latest Tron crypto news.

• According to the latest Tron crypto news, the coin just took the throne, beating Ethereum and Bitcoin with the most daily active addresses, with 1.4 million addresses active on Jan. 8. According to Token Terminal data, Tron (TRX) is followed by BNB Chain (BNB) with 1.36 million, Polygon (MATIC) with under 600,000 Bitcoin (BTC) with just under 400,000 and Ethereum (ETH) with 362,000.
• Tron is moving higher above the $0.1050 resistance level against the US dollar. The price is trading above $0.1065 and the 100 simple moving average. The pair could continue to climb higher toward $0.1105 or even $0.1200.
• According to expert predictions, TRON could increase in value by 72.5%. Given that TRON already increased by 94.5% in 2023, this would be a significant boost for the project’s ecosystem. Should the market remain bullish TRX is expected to hit $0.187 and could push towards $0.2.
• TRON’s growth will ultimately be determined by its overall adoption in 2024. If its recent collaboration with Blockchain.com is a success, the number of investors buying and holding TRX tokens could rise exponentially. These would increase TRON’s price and could push the project into the world’s top 10 ranked cryptocurrencies.

Factors That Influence The Price of TRON

The price of Tron is influenced by several factors, including the latest Tron crypto news. Some of the key performance metrics of the TRON blockchain, such as fast transactions, the ability to handle large volumes and the utility it offers users compared to other blockchains on the market, can act as indicators of whether the value of the TRON coin may rise or fall.

General market sentiment is also very important. If investors have a positive perception of digital assets as a whole, they are more likely to be positive about specific cryptocurrencies, such as Tron. Conversely, if the crypto market as a whole experiences negative sentiment or a downward trend, this can affect the price of Tron.

In December, TRON announced on Platform X that it was entering into a partnership with Blockchain.com. This is an important step in Tron’s development as it will streamline cryptocurrency transactions and improve the overall user experience on the Tron network.

Following the release, TRON rose 4.1%, maintaining its positive performance even in the face of recent market corrections. Analysts are currently very bullish on TRON’s growth prospects through 2024.

TRON Price Prediction

TRON is a well-established cryptocurrency with a mature ecosystem that is far less likely to abruptly crush, like a memecoin, for example. Considering that it reached an all-time high more than four years ago, some investors tend to worry about the fact that TRON may have limited aspirations for big price increases.

TRON is also quite popular among DApp developers because it provides useful functionality for the DeFi ecosystem. It is classified as a strong buy/hold recommendation and a prominent crypto project with possible growth potential.

Due to the latest events, like a possible Bitcoin ETF approval from the SEC and the upcoming Bitcoin halving in May 2024, that are contributing to the price of Bitcoin continuing to rise dramatically. TRON crypto news is speculating that the coin is likely to follow its lead and gain considerable increases.

According to our experts and advanced price-prediction tools, TRON’s price will rise in the future. TRON will have an average price of $0.21 this year, with a high price of $0.24 and a minimum price of around $0.0951, according to the source. The coin is anticipated to achieve its next all-time high in 2028, possibly hitting $0.39. TRON’s value might also reach $0.79 by 2030.

In a recently posted YouTube video, a highly respected crypto analyst, going by the name “Crypto Vault,” says that the TRON crypto price prediction could reach up to 0.15$ by the end of 2024.

Crypto Vault forecasts to his 23. 000 viewers that the Tron crypto price is expected to go up to 0.10$ between May 2024 and February 2026. Moreover, the speaker provides Tron cost predictions and changes for April 2026 to December 2026, forecasting a minimum of $0.10 and a maximum of $0.15.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Conclusion

Cryptocurrencies are once again rallying as the year approaches its end, and that means that there is a high chance that Tron’s price will skyrocket once again. If you wish to get in on the action, your best bet is to buy Tron on eToro’s brokerage platform, which offers crypto purchases with no commission.

eToro is a preferred broker of over 20 million people from all over the world, and if you try it out, it might become yours as well. Just remember that crypto purchases carry a risk, as they are still well-known for great price volatility, so be sure to keep an eye on any changes in the market and never trade with the money you can’t afford to lose.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

FAQs

References:

• https://www.youtube.com/watch?v=mCyK7nyMdoM
• https://www.bloomberg.com/news/articles/2023-11-20/spot-bitcoin-btc-etf-approval-seen-driving-money-managers-to-crypto
• https://coinmarketcap.com/currencies/tron/
• https://digitalcoinprice.com/forecast/tron