What is TRON Cryptocurrency?

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So what is TRON?

Before you try to buy TRON, let’s take time to learn about TRON. TRON (TRX) has a goal of creating an entertainment system around the world that will provide free content using the blockchain and storage technology. TRON is an extremely popular decentralized protocol with a great marketing team. Using TRON, they can choose how to distribute the data and allow subscriptions and the pushing of content by releasing and then circulating the digital assets.

How To Buy Tron (TRX Cryptocurrency)
Photo from TRON Network

The TRON Cryptocurrency

The CEO of TRON is Justin Sun, a protege of Jack Ma (Alibaba) who was chosen by Forbes Asia for their 30 under 30. Justin Sun is also the founder of a popular chat app called Peiwo. The TRON team consists of many experienced developers and advisors.

How is TRON Different?

Not ready to buy TRON, well this may win you over. Since TRON is a decentralized protocol, it has many advantages of centralized protocols. TRON wants all data to be free from control. Using TRON, users can freely upload, store, share content without any limits. Through content enabling (users must provide digital content to get digital content), users will organically create a huge entertainment ecosystem powered by mass content such as video, audio, images, and more. If you’re still interested in TRON, read more about TRON’s vision here.

What is Tronix?

Tronix (TRX) is the currency for TRON (we use TRON to keep it simple) and forms the basic unit that all accounts in the TRON blockchain.

How to Buy TRON (TRX), Ripple (XRP), Stellar Lumens (XLM), and more…

This is one of the easiest methods of buying TRON (TRX) and other altcoins. The three sites used in this example are Coinbase, GDAX, and Binance.

Step 1: The process of buying TRON starts with Coinbase. Use your Coinbase account to buy Ethereum (ETH), Bitcoin (BTC), or Litecoin (LTC).

Step 2: Go to GDAX and sign in using your Coinbase information. (You’ll have to verify if this is your first time using GDAX.) In the GDAX account area, you’ll have the option to deposit Bitcoin, Litecoin, Ethereum, or Bitcoin Cash to your GDAX account using your Coinbase account as the source. This process is fast and free (for now). After you have cryptocurrency in your GDAX account, you can send it to Binance (or any other currency exchange site you prefer to use).

Step 3: Go to Binance and create an account. In your account settings area, you’ll see your DEPOSIT WALLET ADDRESSES for each cryptocurrency. Match up the address with the cryptocurrency you are using, if you plan to send Bitcoin from GDAX you’ll want to use the Bitcoin Deposit Wallet address. The deposit address must match or else you’ll lose all your funds. 

Step 4: In the same account area of GDAX, there is a withdrawal option. If you plan to send Bitcoin to Binance, then hop on the Bitcoin section and click the withdrawal option. Click the BTC Address tab and now you can enter the Bitcoin (BTC) amount and destination address (deposit wallet address to Binance). Before you click WITHDRAW FUNDS, double check your wallet address. LTC to LTC address, BTC to BTC address, etc!

Step 5: Wait for the Binance notification email that your funds have been deposited into your Binance account, this can take a few minutes up to a few hours (depending on the currency used and the network).

Step 6: Now you can buy TRON! Go to the Binance exchange, find the TRON/Tronix (TRX) market, and buy TRON, Stellar Lumens, NEO, or any other cryptocurrency you heard about on NPR.

Step 7: Either decide if you want to play the cryptocurrency trading game or trust the company and HODL (hold your cryptocurrency) for a few years like the faithful Bitcoin supporters did. Bitcoin supporters held their cryptocurrency for years and were rewarded last year.

By Cartez Augustus

My name is Cartez and I'm a blogger from Houston, Texas focusing on content marketing strategies and tech gadgets.