Where To Buy TRON in USA – Learn How To Buy TRON Today in 2023
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
Founded by Justin Sun in 2017, TRON (TRX) is a blockchain project that aims to decentralize the global content sharing industry. This is with the view of putting control back into the hands of content creators and away from centralized third parties – such as YouTube and Facebook.
In this guide, we show you how to buy TRON in the US with a regulated and low-cost brokerage. We also cover key talking points on whether TRON is a good investment and what risks need to be considered before you proceed with a purchase.
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#1 Broker to Buy TRON – XTB
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Where To Buy TRON in USA – Overview of the 3 Best Brokers
You will need to open an account with a cryptocurrency broker to buy TRON online. The best platforms to buy TRON in the US can be found below.
- XTB – Overall Place to Buy TRON
- Binance – Best Place to Buy TRON for Asset Diversity
- Kraken – Great Way to Buy TRON via ACH
We offer a full review of each of the above TRON brokers further down in this guide.
How to Buy TRON in USA – A Quick Guide For 2023
Below you will find a quickfire guide on how to buy TRON in the US with XTB – an online broker that is regulated by the SEC.
- Step 1: Open an Account with XTB – You will need to open an account with XTB before you can buy TRON. This will require some personal information and confirmation of your email address and cell phone number.
- Step 2: Upload Your ID – As you will be buying TRON with US dollars, you will also need to verify your account. You can do this by providing XTB with a copy of your government-issued ID.
- Step 3: Deposit Funds – Deposit some money into your XTB account with a debit/credit card, ACH, or online banking. The minimum for US clients is just $50 and no deposit fees are charged by XTB – irrespective of the payment method.
- Step 4: Buy TRON – Now that your XTB account is funded you can search for ‘TRON’ and click the ‘Trade’ button. Next, enter the size of your investment into the ‘Amount’ box (minimum $25) and confirm your purchase by clicking on the ‘Open Trade’ button.
And that’s it – in just 5-10 minutes you have successfully learned how to buy TRON in the US with a regulated and low-cost broker. If the above guide is not sufficient for your skillset, we offer a much more detailed walkthrough further down.
Cryptoassets are highly volatile unregulated investment products. Proceed at your own risk.
Where to Buy TRON in USA – Full Broker Reviews
Perhaps the most challenging part of the process when learning how to buy TRON is choosing the right broker. This is because there are many key factors that need to be taken into account – such as what fees you will need to pay and what deposit methods are supported.
When searching for the best TRON brokers, we also looked at customer service, regulation, user-friendliness, and available markets. Below you will find full reviews of the best platforms allowing you to buy TRON in the US.
1. Binance – Best Place to Buy TRON in the US for Asset Diversity
Binance offers a US-specific exchange and brokerage service for Americans. The platform is home to over 50 cryptocurrencies – which includes TRON. This also includes large-cap tokens like Ethereum and XRP and a number of emerging DeFi coins. What we like about Binance US is that it offers a safe, secure, and convenient way to buy TRON. This is because you will be able to pay for your tokens with a debit or credit card – with both Visa and MasterCard accepted.
On the one hand, Binance doesn’t offer fee-free deposits like XTB. However, the fee is still reasonable at just 0.5% of the transaction amount. You will first need to go through a quick KYC process should you wish to use Binance to buy TRON. This will require a copy of your ID and confirmation of your social security number. Once you’ve got that out of the way, your debit/credit card purchase will be processed instantly. Binance will then give you a number of options when it comes to storing your TRON tokens.
For instance, if you favor convenience over security, you can leave the tokens in your Binance account until you are ready to sell. Alternatively, if you want to remain in full control of your private keys – you might consider withdrawing your TRON tokens to the Trust Wallet. This wallet is decentralized and is backed by Binance itself. And of course – you can also withdraw your digital assets to any private wallet of your choosing. Finally, if you are planning to use Binance to trade crypto – the entry-level commission stands at just 0.10%.
Pros
- Facilitates billions of dollars in daily trading volume
- Supports hundreds of digital asset pairs
- Near-instant deposits via debit/credit card
- Trading commission starts at just 0.1% per slide
- Offers crypto savings accounts
- Ideal for both beginners and experienced traders alike
Cons
- Not all supported cryptocurrencies can be purchased with a debit/credit card
- No e-wallet deposits or withdrawals
Cryptoassets are highly volatile unregulated investment products. Proceed at your own risk.
2. Kraken – Great Way to Invest in TRON via ACH
The next option to consider when searching for the best place to buy TRON in the US is Kraken. This popular online exchange is used by millions of people from dozens of countries – many of which are based in the US. This is because Kraken allows US investors to buy cryptocurrency via ACH. The fees involved with an ACH transfer amount to 0.5% at Kraken and transfer times will depend on the sending bank. Once the funds do arrive, you will then be required to pay a commission of 1.5%.
This does make Kraken a tad expensive, especially when you consider that XTB charges nothing in deposit fees and a spread that starts from just 0.75%. Nevertheless, Kraken also offers a ‘Pro’ version of its exchange which is particularly useful for advanced traders. Here, you will have access to dozens of digital tokens that are offered via both fiat and crypto-cross pairs. The fees applicable on Kraken Pro start at 0.26% – but lower commissions are available to those trading larger volumes.
An additional feature available at Kraken is margin trading – which allows you to buy cryptocurrencies with more money than you have in your account. This can be maximized at 1:5 – which means you can amplify your account balance by up to 5x. The fees charged for accessing margin trading facilities are reasonable too – with Kraken charging a maximum rate of 0.02% every 4 hours. In addition to margin trading, Kraken also allows you to buy and sell cryptocurrency futures.
Pros
- Popular cryptocurrency exchange and broker
- Great selection of cryptocurrencies
- Supports both crypto-cross and fiat-to-crypto pairs
- Accepts debit/credit cards and bank transfers
- Offers complex crypto instruments for experienced traders
Cons
- Not all US states are supported
- Fees are somewhat pricey
Cryptoassets are highly volatile unregulated investment products. Proceed at your own risk.
How to Buy TRON in USA – Detailed & Explained in Full
If you are a novice in the world of cryptocurrency investments – this detailed walkthrough will show you how to buy TRON with ease. Our guide will initially show you how to open an account and verify your identity with SEC-regulated broker XTB, before explaining how to deposit funds and complete your TRON purchase. All of these steps can be completed in under 10 minutes from start to finish!
Step 1: Open a Crypto Broker Account
The first is to open an account with XTB. You can do this by visiting the XTB website and looking out for the ‘Join Now’ button. You will then see a pop-up box appear – like in the image below. Here, you will initially need to enter your first and last name, email address, and phone number. You also need to choose a username and enter a strong password.
To complete your XTB registration, you will need to enter some additional information. This will include your social security number, date of birth, and home address.
Cryptoassets are highly volatile unregulated investment products. Proceed at your own risk.
Step 2: Verify Your Identity
As an SEC-regulated broker that is approved by FINRA, it goes without saying that you will need to go through a quick KYC process before you can buy TRON in the US. The good news is that XTB allows you to verify your identity instantly via automated technologies.
You can do this by uploading a copy of your government-issued ID and a valid proof of address. For the latter, you can use a document like a utility bill or bank account statement.
Step 3: Add Funds to Your Account
You will need to make a deposit before you can buy TRON at XTB. US clients will not be charged any deposit fees and the minimum transaction amount is just $50.
the fastest way to fund your account is via a debit/credit card. Online banking and ACH are also supported, but this might delay the process slightly.
Step 4: Find TRON
You can now head over to the ‘Trade Markets’ section of XTB and click on the ‘Crypto’. Scroll down through the list of supported digital assets until you find TRON.
Alternatively, you can also search for “TRON’ and click on the ‘Trade’ button when the correct result loads.
Step 5: Buy TRON
You will now need to fill out a buy order – which tells XTB that you wish to purchase TRON. The first thing to do is enter your stake. You can do this by stating your total investment size (minimum $25) into the ‘Amount’ box.
Then, it’s just a case of clicking on the ‘Open Trade’ button. In doing so, XTB will instantly execute your order and thus – your TRON tokens will appear in your portfolio.
Buy TRON – Best Place to Buy TRON
To ensure you invest in TRX tokens with the right provider, the sections below will discuss the best place to buy TRON when making a purchase online.
Online Cryptocurrency Broker
XTB is a great example of an online cryptocurrency broker. This is because the platform allows you to buy TRON tokens directly from its website – without you needing to worry about trading with other market participants.
- Most importantly, when you use a reputable broker like XTB, you can be sure that you are buying TRON in safety.
- After all, XTB is not only regulated by the SEC, but the FCA, ASIC, and CySEC too.
- When using an online cryptocurrency broker to buy TRON in the US, you will also have the option to pay for your purchase in USD.
- This means that you can safely use a debit/credit card, online banking, ACH, and in some cases – e-wallets like Paypal.
Finally, when buying TRON with a regulated brokerage site, you don’t necessarily need to withdraw the tokens out. Instead, you can leave your TRX tokens stored at the broker until you wish to cash out.
Cryptocurrency Exchange
The overwhelming majority of platforms that list TRON can be classed as cryptocurrency exchanges. As the name implies, this means that you will be exchanging tokens with another trader. In other words, in order to buy TRON, you will need to complete an exchange with an investor that wishes to sell.
Not only that, but there must be sufficient levels of liquidity to ensure that you are able to purchase TRON at a fair market price. The overarching risk of using a cryptocurrency exchange for the purpose of investing in TRON is that most platforms operate without a regulatory license.
If you are wondering how they are able to do this legally, it’s because unregulated exchanges rarely accept US dollars. This means that you would need to deposit funds with an alternative digital asset like Bitcoin and then convert the tokens into TRON. For a newbie, this is far from convenient.
Ways to Buy TRON
In terms of supported payment methods, there are many ways to buy TRON in the US. Each payment type will come with varying processing times and fees – so be sure to check this with your chosen broker.
Nevertheless, below we discuss the best ways to buy TRON online:
Buy TRON With Debit Card
Our research team found that the best way to buy TRON is with a debit card. This is because the purchase will be executed by the broker instantly. You will, however, first need to go through a KYC process should you wish to use your debit card to buy TRON – as per US laws on anti-money laundering.
Furthermore, you also need to consider the fees involved, as some cryptocurrency brokers charge in excess of 3-5% on debit card purchases. At XTB, you can use your Visa or MasterCard-issued debit card on a fee-free basis.
Buy TRON With Credit Card
If your chosen broker supports debit cards, then it will all but certainly allow you to buy TRON with a credit card too. The only difference here is that some credit card providers charge additional fees when buying crypto.
This is known as a cash advance fee and it is typically implemented when you use your credit card to withdraw cash from an ATM. However, some card issuers will also charge you this fee when using a cryptocurrency broker – so do bear this in mind.
Buy TRON With Paypal
You can also buy TRON with Paypal when using a regulated brokerage like XTB.
Buy TRON With Bitcoin
It is also worth noting that should you wish to buy TRON and you currently hold an alternative cryptocurrency like Bitcoin – you can make a direct swap via an online exchange.
You can complete the process in minutes – as you likely won’t need to provide any KYC documents – not least because you are not using fiat money. Furthermore, exchanges like Binance allow you to buy TRON with Bitcoin at a commission rate of just 0.10% per slide.
Why Buy TRON?
If you’re thinking of buying TRON right now – it is hoped that you have already performed adequate research on this digital currency. This is because TRON operates like any other crypto asset, insofar that its value can be extremely volatile.
If you are yet to research the ins and outs of whether or not TRON represents a good investment – consider the points outlined below.
Innovative Business Model
While many cryptocurrencies operate a very similar business model that is largely focused on payments, this certainly isn’t the case with TRON. For those unaware, TRON is looking to decentralize the content sharing industry.
- In its current form, all content creation goes through a third-party player like YouTube.
- In turn, YouTube will take a large percentage of any earnings that the respective content yields from external advertisers.
- TRON is looking to remove the role played by the likes of YouTube by putting all content rights back into the hands of the original creator.
This is where the TRON token comes into play – as this is the digital currency that content creators will be remunerated in.
Price Action Since Launch
TRON is one of the best-performing cryptocurrencies of all time. If you had invested in this project back in 2017 – you could have done so at a TRX price of just $0.001. In other words, if you had invested just $1,000 – you would have purchased over 1 million TRON tokens.
Buy the Dip
Since its peak of $0.17 in April 2021, the value of TRON has gone down by some distance. As of September 2021, the digital token is hovering around the $0.10 mark. This means that instead of having to pay $0.17 per token to enter the market – you can do so at a discount of approximately 40%.
Furthermore, if you do purchase TRON at this reduced price and the token recovers to $0.17 – this would result in an upside of 70%. Of course, there is no guarantee that TRON will get back to its prior 52-week high – so do bear this in mind before investing.
Popular in China
Although the Chinese government is somewhat bearish towards cryptocurrencies, this isn’t the case with blockchain technology. In fact, China has expressed great interest in how the blockchain can streamline many of its domestic services.
With that said, although EOS is the most popular blockchain used in China, TRON isn’t too far behind. Crucially, if TRON is able to increase its use cases in China, this could be massive for the potential of its token value.
Fast and Scalable
TRON operates at lightning speed, with a single block transaction taking just three seconds to process. This is considerably faster than other blockchain projects operating in this industry – with the likes of Bitcoin taking 10 minutes. Furthermore, the TRON network can allegedly process in excess of 2,000 transactions per second, which again, is considerably faster than many other blockchains.
The Cost of Buying TRON
When you go through the process of buying TRON online – you will come across a number of fees. This is no different from buying stocks or trading forex, for example.
The most consistent brokerage fees that we came across when buying TRON are as follows:
Deposit Fees
Deposit fees really can vary in the cryptocurrency brokerage scene. For example, you have brokers like XTB, which allow US clients to deposit funds with a debit/credit card without paying any fees. Binance, on the other hand, charges 0.5% for the same service. You then have brokers like Coinbase, which charge a hefty fee of 3.99% when buying cryptocurrency with a debit/credit card.
We also found that some brokers offer much cheaper deposit fees when funding your account with a bank transfer. For example, while you can often deposit via ACH for free. US-based bank wire transfers will sometimes attract a flat fee, albeit, this will depend on the brokerage site in question.
Trading Fees
Once you have made a deposit into your account, you then need to think about trading fees. This usually focuses on spreads and commissions.
- The spread is the gap between the buy and sell price of TRON. The tighter the gap, the better it is for you.
- For example, if the buy and sell price amounts to $0.10 and $0.09 – you are paying a spread of $0.01.
- This then goes to the broker in the form of an indirect trading fee.
- You then have the commission, which is multiplied against the size of your stake.
- For example, if you were to buy TRON from Kraken, you would have to pay a commission of 1.5%.
And don’t forget, the commission is charged on both buy and sell orders. This means that you will pay it when you enter and exit the market.
How to Sell TRON
It is hoped that at some point in the future, you will have the opportunity to sell your TRON tokens at a higher price than you originally paid. This might be the case in a matter of days, weeks, or months. Some investors will even hold onto their crypto assets for several years with the view of maximizing their potential gains.
Either way, when you are ready to sell TRON, you can easily complete the process with your chosen brokerage. For example, let’s suppose that you initially completed your TRON investment with XTB. The tokens would remain in your XTBportfolio until you decide to cash out.
To do this, you would just need to place a sell order and XTB would subsequently exchange your tokens back to US dollars. On the other hand, if you invested in TRON via an exchange and proceed to withdraw the tokens to a private wallet, extra steps would be required. This is because you would need to transfer the tokens back into the exchange and then swap them for fiat currency – if supported.
How & Where to Buy TRON in USA – Conclusion
If you like the look and TRON and think that this innovative cryptocurrency has a bright future ahead of it – investing could not be easier. All you need to do is open an account with an SEC-regulated broker like XTB and deposit some funds with a debit/credit card or ACH. Then, it’s just a case of entering your TRON purchase amount – which at XTB, starts at a minimum of just $25.
XTB- Best Broker Buy TRON
Cryptoassets are highly volatile unregulated investment products. Proceed at your own risk.
FAQ
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