Buy TRON – How To Buy TRON in South Africa In Under 5 Minutes
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After gaining traction during its initial release in China, TRON has been making huge waves internationally, with over 50 million total active accounts as of August 2021. TRON is a blockchain-based platform designed for the cost-effective sharing of digital media. TRON aims to disrupt the global entertainment sector and dethrone platforms like Netflix and Amazon. TRON also boasts smart contract capabilities similar to Ethereum, however with lower fees. The TRON network’s native token is called Tronix (TRX).
South Africa is quickly developing a taste for cryptocurrency investments, relaxed regulations allow citizens to buy, sell and transfer all kinds of cryptocurrency without any issue. Quite a few of the larger online brokers also operate in South Africa, so we have a few options when buying TRON.
With this article, we aim to give you an easy-to-understand rundown on what TRON does, the best brokers, and of course, how to buy TRON in South Africa.
Table of Contents
#1 Broker to Buy TRON – Capital.com
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Mobile AppYes
How to Buy TRON in South Africa – The Quick Four-Step Strategy
Buying TRON doesn’t have to be a complex task, all you have to do is follow these simple steps:
- Open an Account with Capital.com – The easiest way to buy TRON in South Africa is through Capital.com. a CFD broker. Sign-up for an account using your details to enjoy 0% commission on trading on the platform.
- Upload ID – Simply upload any government-issued ID (passport or driver’s license) and a recent utility for your account verification process.
- Deposit Funds – Deposit your funds using any supported payment option on the platform.
- Buy Cryptocurrency – Search and select the crypto TRON, then purchase some.
Where to Buy TRON in South Africa
Now that you’ve armed yourself with some important information in regards to how TRON works and the best ways to pay when buying it, you’re ready to choose the perfect exchange for your individual needs.
1. Capital.com – Best Platform to Buy TRON in South Africa
Capital.com is a global CFD and forex broker with physical offices in Cyprus, London, and Belarus. It is referred to as a fintech company founded on April 7, 2016, with Ivan Gowan.
The company aims to enhance the world of finance by making it more helpful, accessible, and engaging.
This broker has lots of financial assets apart from Bitcoin. You can access stocks, commodities, ETFs, Forex, Indices, etc. Bear in mind that Capital.com allows investors to trade crypto as CFDs. So, you don’t have to worry about the storage or ownership of your Bitcoin.
Capital.com is regulated by the Financial Conduct Authority(FCA) UK and the National Bank of the Republic of Belarus (NBRB).
It’s also regulated by the Cyprus Securities and Exchange Commission (CySEC) and operates in over 183 countries globally. Capital.com is regarded as a reliable broker because it’s regulated by the top-tier FCA.
A table of the broker’s fees.
| Items | Fee | Fee Terms |
| Deposit | 0 | No Deposit fee |
| Withdrawal | 0 | No Withdrawal Fee |
| Trading fee | $3.1-$6.4
(45.2SGD -93.46SGD) |
varies |
| Inactivity | low | No inactivity fee |
Pros
- It has excellent customer support that provides a quick and detailed response.
- The account opening process is easy, user-friendly, and fast.
- It has low stock CFD fees.
- It takes as low as $20 (27.04SGD) direct fund deposit, and $250 (338.01SGD) for bank transfers.
- com charges a zero-commission fee for deposits and withdrawals.
Cons
I’m sure it’s no surprise a company called Crypto.com is a big player in the cryptocurrency space. When signing up, if you have a referral code you can bag yourself $25 worth of CRO (crypto.com’s token) for free, which can be a nice bonus. If you’re heavily invested in crypto, it could also be worthwhile getting one of their cards that allow you to spend crypto in retail environments. Crypto.com’s cards have various benefits like rebates and cashback, which you can unlock based on how much CRO you stake. Ratner than depositing fiat and then trading it for your TRON, with Crypto.com you can purchase an asset directly from your bank card. On credit/debit card transactions there is a fee of 2.99% It’s important to note that as Crypto.com is regulated in several countries, you will have to complete a brief KYC (know your customer) questionnaire. This consists of submitting a photo ID, proof of address, and can include answering some questions to prove you understand the risks associated with trading. Pros Cons Bisq works differently from the majority of other platforms, rather than purchasing directly from the broker, you instead make a deal with other users on the website. There are positives and negatives to operating this way, one of which is the ability to barter, which you cannot do on many other platforms. There is no identity verification on Bisq, so as soon as you download it, you’re free to buy TRON now. This can be a big advantage to anyone that doesn’t have time to wait for verification, as well as those that are privacy-focused. All funds are held in 2-of-2 multi-sig wallets, so you can trade without worrying about losing funds. For those privacy-focused, Bisq may be the best way to buy TRON. To use Bisq, it needs to be downloaded, you’ll then become part of the peer-to-peer network. All data is completely private and is stored locally on your device rather, helping to keep you safe from network attacks. Pros Cons If you’re after a platform that is easy to get started with, but meaty enough to keep even the most advanced traders busy, then CEX.io might be for you. There is both an app and web-based exchange so regardless of the device you’re covered. You can deposit almost any local currency, so you don’t have to worry about expensive currency conversion fees, or having to jump through any hoops to get a supported currency. This can be huge to anyone wanting to perform multiple transactions or anyone that simply wants to get the most bang for their buck. It’s worth making sure the crypto you need is supported on the platform as the list is firefly short, luckily, however, TRON is supported. You have the option to choose between bank transfer and credit/debit card when depositing fiat through CEX.io. Unfortunately between trading fee and card fee you can end up losing between 5-10%. Pros Cons TRON price is beginning to once again, slowly rise. Currently trading at $0.09 (09/09/21) TRON has had a 246% YTD gain. Prior to the big market crash in late May 2021 TRON was doing even better trading at highs of around $0.17 (although it’s important to note most prices were heavily inflated at this time). As TRON was initially launched in Asia, it has got quite a big presence out there. Therefore, if you choose to buy TRON now it’s important to keep up-to-date on the goings-on of the Asian cryptocurrency market, which can be fairly volatile. Although TRON is a self-described made-in-china blockchain, it has done well to cultivate several high-profile, international partnerships. The most prominent of these partnerships is Samsung, with TRON integrating with the Samsung Blockchain Keystore this makes TRON one of only 5 currencies able to be used on Samsung’s in-built wallet. With Samsung having an 18% global smartphone market share, it’s a lot of potential additional users for TRON. All this being said, it’s important to remember that the cryptocurrency market is highly speculative in general, and TRON is no different. It doesn’t take much for drastic price moves in crypto and due to this, it’s always crucial to do your own research on the project. At the time of writing, TRON has a market cap of over 6 billion USD, this makes it the 28th largest cryptocurrency by market cap. As we previously mentioned TRON can handle a much higher amount of transitions per second than Ethereum, pair this with promising partnerships, and you can begin to see how much potential TRON has. We’ve summarized some of the other areas TRON performs well below: As with any investment, there are always some risks involved. For TRON, this comes in the form of a highly competitive space (think Ada, Matic, etc), volatile prices, and the risk of other platforms improving. As with any cryptocurrency, TRON prices are subject to drastic changes, and while this is something to be aware of, you will not incur any price difference when you want to buy TRON South Africa. As of current, you can purchase one TRX for $0.09361, meaning on a $200 investment you will receive around 2,144 TRX. TRON is far from its previous all-time high of $0.30, however, this doesn’t mean these prices will never be hit again, but it would be heavily dependent on TRON’s adoption in the coming months and years. Although it could easily go the other way as TRON has dipped to prices well below $0.05. One way you can incur additional fees when figuring out how to buy TRON is from the payment method or currency you use. For the majority of brokers using a local currency shouldn’t increase costs by much, but exchanges that operate in one primary country often charge steep fees for currency conversion. When paying with debit/credit cards there are almost always high fees and you’ll likely get more for your money by using a direct bank deposit instead. You’re not limited when it comes to the range of options available when trying to buy TRON South Africa, many of the popular exchanges operate in South Africa so you won’t have any issues trying to find a broker. The main thing to watch for when purchasing TRON is the hidden fees. While many exchanges are upfront about their fees, some tend to hide things like spread or currency conversion fees, which can lead to nasty surprises. Here are some tried and true ways to purchase TRON: The world’s largest e-wallet, PayPal is always an excellent option when buying anything online as they offer protection to both parties. The only downside is outside of e-commerce there is marginally less acceptance for PayPal as they charge a few fees. If you want to purchase TRON using PayPal you’ll have to make sure the exchange you want to use accepts it. While a lot of big names steer away from PayPal, Capital.com, a highly reputable platform that lets you buy TRON easily, has full PayPal support. This can be a huge factor for those without a bank account or that simply wish to avoid card fees. When using PayPal for the first time, you need to verify your identity by providing several documents. These typically consist of a photo ID, for instance, a driving license and proof of address, normally in the form of a bank statement or utility bill. Although this can be a bit of a hassle, PayPal has been around for years and you can trust them to look after your funds. I’m sure most people reading this have a bank account and therefore a bank card they can use to buy TRON now. However, a Credit/Debit card is far from the most efficient way to purchase any form of crypto. WIth banks cracking down on cryptocurrency, you may have to ring your bank and get them to enable transactions for a certain broker, although that’s more common in countries like the UK and USA where crypto is highly regulated. While they can offer convenience to some people, credit/debit cards will incur some of the steepest fees of any payment method. While a typical card fee could be around 3.99%, there are often several hidden fees you won’t know about until after you’ve completed your purchase. This uncertainty is not great for people trying to get a specific amount of TRON, or anyone that makes frequent purchases, as the fees will quickly eat away at how much you end up with. So between hidden bank fees and exchange fees, while extremely convenient, using a bank card to buy TRON is far from the most cost-effective method to acquire your crypto. On top of this as your card is linked directly to your bank you do put yourself at increased risk of identity fraud, especially when using a platform without a proven track record. To conclude, you shouldn’t have much trouble when it comes to buying TRON in South Africa. Thanks to their relaxed regulations, most large exchanges operate in South Africa, so there aren’t too many hoops to jump through. If possible, it’s recommended to use either an e-wallet or bank deposit to buy TRON South Africa as when paying with a debit/credit card you’ll have to pay higher fees.
2. Crypto.com – Easy way to Buy TRON
3. Bisq – Decentralized way to Buy TRON
4. CEX.io – Buy TRON with Local Currency
Purchasing TRON – Is it a Good Investment?
The Advantages of Investing in TRON
The Disadvantages of Investing in TRON
How Much Does it Cost to Buy TRON in South Africa?
Purchasing TRON – How to Pay for It
Buy TRON using PayPal
Buy TRON using a Credit/Debit Card
Conclusion
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Mobile AppYes
FAQs
Is it illegal to buy TRON in South Africa?
What is the future of the TRON coin?
How many TRON coins are there?
Is TRON better than Ethereum?
What type of crypto is TRON?
