Do you want to buy Tron Coin, If Yes then you have reached right place because this article will provide a step-by-step guide to buy TRX Coin.
What is Tron(Trx) Coin?
The present world is changing its interest from the traditional views and is going digital. There are hundreds of cryptos in the market. So we are also going to talking about one of the latest cryptos called TRON with the abbreviation TRX as the listing name.TRX is a decentralized blockchain protocol aiming to create an worldwide entertainment for completely free.So before buying any coin, we should check out the history and team behind the coins.So let’s know the history behind the TRON first.
History Of TRON Coin:
Justin Sun, who is the founder of Tronix coin.Don’t be confused with the name Tronix because TRON is also called Tronix.After the foundation of TRX and becoming the CEO, Justin Sun has made a partnership with Chinese E-Commerce website Alibaba.com.Tronix is a cryptocurrency which runs on TRON where it supports all the other cryptocurrencies available in the market. If you will see the Bitcoin & Ambrosus(AMB) Price Prediction, then you will see that the TRONIX has managed to grow faster compared to all of these digital currencies.You can check out step-by-step instruction to buy Tron coin below.
Steps to Buy Tron(Trx) Coin
You can buy Trx coin in countries like Australia, Canada, Singapore, United States, United Kingdom and many other European countries.We know that Tron is an Altcoin which means we can only buy it through cryptocurrencies like Ethereum and Bitcoin.In this method, We will buy Ethereum through Coinbase.If you already have Ethereum in your Coinbase account then You can skip this step.You can create an account on Coinbase by following steps below.
Step 1: Buy Ethereum from Coinbase
You can buy Ethereum from Coinbase by following this article.
Step 2: Create Account on Binance
Currently, Coinbase does not support trading of TRON Coin so we will use Binance to exchange our Ethereum to TRON(Trx).You can create an account on Binance by following steps below.
- First of all, Go to Binance.com
- Now click on Register at top right corner.
- Now click on Register button.
- Now verification link is sent your Email address.You can verify your account by clicking Verify Email button in your Email account.
- Now Activate 2 Factor Authentication(2FA).You can receive your two-factor verification code in two ways.The first way is Google Authentication and the second way is SMS Authentication.These are really good ways to protect your Binance account from Hackers.You can also skip this step by clicking on Skip button.
Now you have successfully created an account on Binance.
Sending Ethereum from Coinbase to Binance
After creating an account on Binance, We will transfer our Ethereum from Coinbase to Binance.We are transferring Ethereum from Coinbase to Binance because currently TRON(Trx) coin is not supported by Coinbase exchange.We will exchange our Ethereum for TRON Coin though Binance exchange.You can transfer Ethereum from Coinbase to Ethereum by following below steps.
Steps to Send Ethereum from Coinbase to Binance
You can send your Ethereum from Coinbase to Binance by following these steps.
- First of all, Login to your Binance account.
- Now hover your mouse over “Funds” on top menu.After that click on “Deposits“.
- Now type “Ethereum” in searchbox and after that click on ETH – Ethereum.
- Now copy your ETH Deposit Address and store it in safe place.
Note: Double check you have actually selected Ethereum (ETH)- if you send your coins to the wrong wallet you will lose them.
5. Now Login to your Coinbase account.
6. Now click on “Accounts” tab from top menu.
7. Now find your ETH Wallet from left side and click on Send button.
8. Now paste your ETH Deposit Address which you have copied from Binance(Step 4) in Recepient field.After that enter the amount of Ethereum which you want to send into your Binance account.You can also send 100% of your Ethereum by using “Use Max” option.
9. Now click on Conitnue button and confirm your transaction by entering your password.Follow the instructions until Coinbase confirms the Ethereum are sent.
Now you have successfully moved your Ethereum from Coinbase to Binance account.The coins will take around 15 minutes to 1 hour to start showing in your Binance account.once Ethereum start showing in your Binance account, You can continue to next steps.
Exchnaging Ethereum for TRON(Trx) Coin
You can exchnage your Ethereum for TRX Coin by following below steps.
- First of all, Go to TRX/ETH Exchange Market on Binance.
- There are two ways of buying TRX Coin or any other coin from Binance:‘Limit’ order, which lets you manually set the price at which you want to buy TRX.‘Market’ buy, which fills your order automatically at the best price available.
- As Market is simpleier and fastest method so we will go with that.Click on Market tab.
- Now enter the amount of Ethereum which you want to exchnage for TRON Coin.If you want to exchnage 50% of ETH for TRX then select 50% option.According to your need, You can also select 25%, 75% and 100% options.
- Now click on Buy Coin button.
Now you have successfully buy TRON Coin from Binance.You can see amount of TRX Coins you have by clicking “Funds” and then “Balances“.
Now you have successfully buyed TRON Coin without any problems.If you are facing any problems in buying TRX Coins in your country then comment below.We will try to solve your problems as soon as possible.