How to trade Tron?

What is Tron (TRX)?

Why should I trade Tron?

The project has many critics, but this does not prevent it from successfully and profitably trading, let’s look why:

  1. According to such resources as DigitalCoinPrice, LongForecast and others, the value of the coin will only increase and in 2022 it may reach $0.1.
  1. The project has serious partners in the face of such global companies as Samsung, Opera, Poloniex and others. This has a positive effect on the trust in the platform, providing an influx of users and investors.
  2. If the Tron developers adhere to their roadmap, the platform will become home to many entertainment projects, which will lead to an increase in the price. A trader who has managed to buy TRX at the current low price will need to closely monitor the life of the project and when the TRX rate will increase, sell coins in time.

Where to trade Tron?

An experienced trader can trade Tron on many well-known exchanges, e.g.:

  • Poloniex — the service offers multiple tools for simple and convenient work. In addition, the exchange is the core partner of Tron. By holding TRX (at least 100 coins) on Poloniex, you will receive stacking rewards every other week.
  • Available trading pairs: more than 300.
  • KuCoin — an exchange stands out favorably for its interface, multi-functionality, as well as security. The fee is fixed (0.1%) for all transactions. Holders of the KSC coin receive additional discounts.
  • Available trading pairs: more than 800.
  • 7b — a crypto broker with the highest level of security, as well as the simplest and most convenient interface.
  • Available trading pairs: more than 2000.

How to trade Tron using the 7b crypto broker app?

7b is the most secure and convenient broker on the market. It is ideal for newly minted traders, as well as experienced users who want to make trading easier for themselves. The procedure of buying or selling TRX has never been so simple and fast:

  1. Download the 7b app and register an account.
  2. Top up your balance with one of 400+ cryptos.
  3. Click on TRX to open a trading page.
  4. Enter how many coins you wish to buy.
  5. Click “Buy” to place an order.

Tron Exchange

Where to exchange TRX?

There are two types of platforms where you can quickly and easily exchange TRX. But each of them has its own advantages and disadvantages that need to be analyzed before making a swap:

  • Bitni — one of the most secure exchange platforms focused on anonymity. There is no need to go through the KYC procedure and even have an account on the platform.
  • Service fee: 1%.
  • Changelly — a reliable exchange platform where you can instantly exchange TRX at a floating or fixed rate.
  • Service fee: 0.25%.
  • ChangeNOW — guarantees the best exchange rate for more than 10 thousand currency pairs. The average exchange speed is about 2 minutes.
  • Service fee: included in the exchange rate.

What to know before exchanging Tron?

A novice trader needs to remember a few simple rules for the safe exchange of cryptocurrencies. Do not exchange for the first platform you find in the Google results. To get started, follow these steps:

  1. Appreciate the convenience and ease of using multiple platforms.
  2. Compare the fees charged and the exchange rate.
  3. Find out about the upper limits on the exchange.
  4. Find reviews about the platform.
  5. The key point! Carefully enter the recipient’s address.

How to buy Tron for fiat?

You can buy TRX for fiat using platforms with support for a fiat gateway. Each of them has its own requirements. Pay special attention to the exchange rate, the available payment methods, as well as the list of currencies. You can use Changelly or Coingate to purchase. The first one has a large number of payment methods (debit and credit cards, bank transfer, and Apple Pay), the second one supports only debit and credit cards, but the rate is better. For purchase:

  1. Select the currencies for purchase and payment.
  2. Specify the purchase amount.
  3. Enter the TRX address.
  4. You may be asked to verify your identity, after which the coins will be credited to your wallet.

Tron token use cases

  • Payment for the content that users want to access. Payment goes directly to the creators, bypassing the intermediaries.
  • Although it has not yet become widespread, it can be used to pay for everyday goods and services.
  • It can also be used as an investment tool, like BTC and other cryptos.
  • Users on the network can freeze their TRX to get the Tron Power. The owner of the TP tokens has the right to vote for certain changes in the system.

FAQ

Is Tron a good investment?

Tron demonstrates a significant capitalization, it ranks 26th among a huge number of other cryptocurrencies. Interaction with some huge companies contributes to the growth of capitalization, and the focus on the entertainment content segment gives the platform significant opportunities to attract new users, and as a result, further growth of the entire project, as well as the price of TRX.

How do I invest in Tron?

In order to invest in cryptocurrencies, you need to choose a secure wallet. Storing a coin in the long term on the exchange is a risky idea. You can purchase TRX for fiat or cryptocurrency. On 7b, you can exchange one coin for another: select cryptos, enter the amount, place a market order. After coins are credited to your account, withdraw them to your wallet.

How to trade TRX for beginners?

There are a huge number of exchanges, brokers and other trading platforms on the crypto market. Choose a platform after studying its reputation, fees, security, and especially convenience. The exchange’s interface is usually extremely complex, which misleads even experienced traders. On 7b, everything is extremely simple: top up the balance with available cryptocurrency, select the coin you want to trade with, indicate the amount, and click “Buy”.

What is Tron Blockchain?

Tron is a decentralized blockchain platform within which users can exchange entertainment content, bypassing intermediaries. The platform provides the opportunity to build decentralized applications and issue personal tokens. The Tron blockchain works on the basis of the Delegated Proof-of-Stake consensus algorithm. In addition, it has a high throughput rate, more than 2000 TPS.

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Michael Selge

Michael Selge

Marketing manager of 7b crypto broker app