Want to buy Tron but don’t know how or which platform to use? Find out now how to buy TRX very easily and in a short time with regulated exchange platforms in France.
Buy Tron, but on which platform?
You have decided to buy tron crypto, you must therefore make the choice of the exchange platform to use. There are several, each with their own characteristics, which will be more or less important depending on your expectations. You can thus decide between the costs of purchase and withdrawal of the TRX, reputation or even ease of use.
This last criterion is very important if you have no investment experience. An ergonomic platform will thus be perfectly adapted to be able to buy TRX crypto with ease.
That is why we recommend the crypto broker eToro if you are a neophyte. Indeed, in addition to the fact that it is a regulated platform in France, you will only need a few minutes to buy TRX with eToro.
We have also compiled the major exchanges offering TRX according to a few criteria in the following table, in order to help you in your choice:
The steps to buy TRX on eToro
Follow this short tutorial to buy Tron very easily on the crypto broker eToro, a trusted platform that has obtained PSAN status from the Autorité des marchés financiers (AMF).
To get started, create an account on eToro by clicking on the following button (affiliate link) and then click on ” start investing » :
You are then asked to complete a questionnaire on your knowledge of finance and cryptocurrencies. Once the questionnaire has been completed, you must, due to French regulations, have your account verified by providing you with an identity document and your telephone number.
Once your account is verified, you can deposit euros into your eToro account before acquiring TRX. Click on ” Make a deposit » in the middle of the dashboard:
The deposit fees are the same, i.e. 1%, regardless of the deposit method used: credit card or bank transfer.
After making your choice, enter the amount in euros that you will deposit in your eToro wallet in the next window. Fill in the rest with your banking information then click on “ Deposit » :
The funds will appear in your wallet after a few moments. Then search ” TRX ” Where ” TRON » at the top of the page, and click ” Invest » :
Fill in the next window the dollar amount you want to put in the TRX crypto. Note that eToro automatically converts your euros into dollars since the platform only works in dollars. Finally, click on the button ” Invest “.
Here we are at the end of this quick tutorial, you are now owners of TRX tokens, congratulations ! You can dispose of them as you wish, by sending them to another trading platform for example.
👉 Need more detailed explanations? Here is our opinion and complete tutorial on eToro
The other platforms available to buy Tron
Since TRX is a well-known cryptocurrency among investors, it is naturally available on several other exchange platforms such as FTX, Binance and Bitpanda.
These each have their own strengths and weaknesses, and several offer additional services such as staking which allows you to earn interest on the placement of your TRX tokens.
Keep in mind that you have the option of transferring your TRX tokens to another platform to take advantage of this type of service even after purchasing them on eToro.
What is the Tron project?
Tron is a public layer 1 blockchain which offers an infrastructure for developers to deploy decentralized applications (dApps), like blockchains like Ethereum and BNB Chain.
The Tron blockchain operates on a consensus mechanism titled delegated proof of stake (DPoS) in which 27 validators, called Super Representatives, rotate every 6 hours to validate blocks and network transactions.
The Tron blockchain is notably known for his very low costs in terms of transactions on its network (less than $0.01) and for its scalability with a processing capacity estimated at 2,000 transactions per second.
As for the technical level, Tron has an architecture divided into three layers : the Core Layer (main layer), the Storage Layer (storage layer) and the Application Layer (application layer).
All an ecosystem has developed around the Tron network with a decentralized exchange, SunSwap, an algorithmic stablecoin, the Decentralized USD (USDD) or even a lending platform, JustLend. The BitTorrent Chain also works on the Tron network.
Finally, Tron has its own virtual machine, the Tron Virtual Machine. The smart contracts are written there with the same programming language as that of Ethereum, Solidity.
Thereby, this offers the Tron network compatibility with the Ethereum Virtual Machine (EVM), which allows developers to migrate an Ethereum application to the Tron blockchain easily.
The native cryptocurrency of the Tron blockchain is the TRXwhich plays several roles in this ecosystem.
👉 Want to go further? Find our in-depth analysis on the Tron blockchain
Buying Tron in 2022, what are the prospects?
The TRX token is valued at $6 billion at the time of writing these lines, placing it in 15th position among the most valued cryptocurrencies on the market. It is therefore a very popular cryptocurrency with investors.
Tron (TRX) Logo, by Cryptoast
However, since its all-time high in 2021, the price of TRX unscrewed by about 62%. This is a significant drop, but one that has affected all cryptocurrencies since the beginning of the bear market phase that we are going through in 2022. Note that the price of TRX has nevertheless held up better so far than the majority of cryptocurrencies.
To assess the future prospects of the Tron project, let’s take a look at its activity in 2022. Tron’s biggest announcement this year was the deployment of its algorithmic stablecoin, the Decentralized USD (USDD), which is already in the top 10 most valuable stablecoins on the market.
Despite the controversy linked to this stablecoin, because of the Terra affair, the USDD seems to convince investors since it has known strengthen the position of the Tron blockchain in decentralized finance. Indeed, Tron is currently the 3rd most active blockchain in this sector, behind Ethereum and the BNB Chain.
That being said, this activity is mainly based on the JustLend lending platform, and more precisely thanks to the 20% return that can be generated by staking USDD.
Finally, TronDAO, the organization that oversees the development of Tron, has bought directly on the market for 220 million dollars of TRX tokens to support the peg of its stablecoin to the dollar and create buying pressure in June 2022.
Anyway, the Tron project knows how to talk about him. It has strong technical arguments and remains one of the most active blockchains in the industry as of this writing. However, we advise you to carefully analyze the project to judge whether buying TRX crypto in 2022 is a good idea..
FAQ: frequently asked questions about Tron and the TRX crypto
When was the Tron blockchain mainnet rolled out?
The Tron project completed its Initial Coin Offering (ICO) in August 2017 raising $70 million and its mainnet was deployed in May 2018. It has thus been an online project for more than 4 years.
Crypto TRX, what are its use cases?
The TRX is the central token to the Tron ecosystem. It serves as means of payment for all transactions that take place on the Tron network. It is therefore necessary to hold TRX to interact with decentralized applications deployed on Tron for example. Owning TRX also gives the possibility of stake them and delegate them to a Super Representative (validator) in order to generate a passive return. This also helps to influence the governance of the network. Finally, the TRX token is essential to the operation of the USDD algorithmic stablecoin, since it acts as collateral to it. Thus, TRX tokens can be mint or burn depending on supply and demand relative to the USDD stablecoin. More concretely, if the demand for USDD increases, TRX tokens will be withdrawn from circulation to maintain its peg to the dollar, while if the supply increases, new TRX tokens will be released. This is good for the economy of Tron and its token only if the demand for USDD increases.
How to follow the course and price of TRX?
Keep up to date with TRX course in real time with our TRX crypto price tracking page. This compiles all the data essential to this cryptocurrency, such as its valuation or the graph of its course.
How to protect your TRX tokens after acquiring them?
You just have to use a digital wallet supporting Tron network to secure them. The best known of them to protect its TRX tokens is called Tron Link. Besides, you can also get a physical wallet like the Ledger Nano S for more robust security.
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