This article shares all details about what is Tron Coin? List of Exchanges to buy Tron Coin or How to buy Tron Coin cryptocurrency and best Tron Wallet to store it. Today, through this article we are going to share all the details about one of the most volatile and high returns yielding Cryptocoin Tron (TRX). We shall also see the updates of the coin and Best exchanges to buy Tron along with the Tron (TRX) Wallets to store it safely. We insist you to read this article to the end, it will help all those who wants to buy or are already possessing Tron coin.
Being in the cryptoworld, the most amusing thing is to see the different graphs showing the fluctuations of price rise of different coins. As the daddy of the coins, Bitcoin has sprung so high, it took the attention of the investors in this market. After the rise of Bitcoin came Ethereum which is expected to be the other Bitcoin and Ripple on its way. With passage of days more and more currencies are making the market more active and attractive. One of these latest coins is Tron Coin is invented and marketed by Tron Foundation based in Singapore. So if you are interested in buying and storing Tron (TRX) coin then you are placed at the right place. Let us see further
What is Tron Coin?
Tron coin is set up by Tron Foundation, based in Singapore. The coin is abbreviated as TRX in all the exchanges. According to the whitepapers of Tron, “Tron is a world-leading blockchain-based decentralized protocol that aims to construct a worldwide free content entertainment system with the blockchain and distributed storage technology developed by Justin Sun. The protocol allows each user to freely publish, store and own data, and in the decentralized autonomous form, decides the distribution, subscription, and push of contents and enables content creators by releasing, circulating and dealing with digital assets, thus forming a decentralized content entertainment ecosystem
This means that Tron (TRX) coin wants to make the entertainment industry a source of earnings. The root cause is that most of the data of internet is stored by central data centers like Facebook, Amazon, Netflix, Google, Drop Box and other such digital information holders. These companies, you think, offers you all information for free but actually charges from you by collecting your personal details, privacy, information, and sells it to other companies and earns handsome money. So Tron founder, Justin Sun wants the content to be freed and one can get the entertainment by giving the money and buying the authentic information. With this intention Tron TRN is made.
Now as you have got detailed idea of Tron and the purpose of it. Let us move further and see the exchanges where we can get Tron (TRX) Coin.
Exchanges to Buy Tron Coin
There are many exchanges from where you can Buy Tron Coin easily but we have filtered these exchanges and listed a few here.
The first in our list is HitBTC exchange. The exchange has impressed us very much. One can buy and sell Tron (TRX) Coin very easily. For the purpose of advanced security the exchange offers 2 factor authentication. The exchange also allows you to buy cryptos from FIAT currencies. The exchange is having a strong support team that promptly responds to the problems arisen. The exchange also offers a DEMO version for the beginners to learn the trading part.
On the other hand, there are few flaws such as the beginners who not like the interface so much. The funds you want to transfer to the HitBTC account or withdraw from HitBTC will take upto 14 days and 20 days respectively. However overall feedback for HitBTC exchange is positive and we advise trader to trade with the extra savings only.
Other exchange to buy the Tron coin is Liqui exchange. Here you can pair up with BTC and can easily buy TRX coin in a couple of seconds. The fees of Liqui is also very reasonable for both i.e. Makers and Takers. The exchange is registered and located in Kieve, Ukraine. You can even trade with other coins such as Dash, Ethereum, Litecoin and obviously Bitcoin along with more than dozen of well reputed coins.
But again this exchange also comes with flaws. There are no verification levels and so there may be a risk to your funds. Impressive this here is that we can out up our own price on the exchange or can go with the prevailing rates. Even the homepage of Liqui is loaded with figures of all cryptos for an instant update.
We have got mixed reviews over Liqui, hence we left it on you whether to buy Tron using Liqui Exchange or not.
One of the well-known and most appreciated exchanges is Binance exchange. From this exchange, it becomes very easy for any user to buy Tron coin. The exchange is a trusted one as Zhao Changpeng is the recognized person behind Binance. From this exchange you will be able to instantly exchange the cryptos and with this exchange, you also get the benefit of wallet. Binance provides the inbuilt wallet that allow the clients to store their coins and for no cost.
The fees of Binance exchange is very less and also offers discounts on the trades made. The exchange has more than 70 digital currencies on the board actively been traded. Hence the scope for trading is very vast.
These are the trusted exchanges we would like to suggest to our readers. And as we have shared the information of exchanges to buy Tron Coin, we have also listed a few Tron wallets which will store your TRX coins safely and keep it secure.
Tron (TRX) Coin Wallet
Here are few wallets where we can store TRX coin with safety and privacy. We have also given a brief of each and every wallet listed.
One of the most popular wallets for storing TRX coin is Trezor wallet. This wallet is a hardware wallet which is very secure and keeps the stock of your digital currencies very private. The hardware wallet comes with the protection layers such as Email and 2 factor authentication and multisig. The private keys are also stored offline so that the hacking does not take place.
As it is a hardware wallet, the users have to buy it from market. But it is worth as it allows us to store many other altcoins and is a worth buy. More details will be found from our former article.
Ledger Nano S Wallet
One of the same kind of hardware wallet is Ledger Nano S. This wallet is almost like Trezor wallet and offers more features. In this wallet too, you will require Email, Multisig and 2 factor authentication to secure your account. Ledger Nano S stores the private key on your mobile and can be used on various Operating Systems.
It has its own mobile wallet app and a browser extension. As it is hardware wallet, we need to purchase and if you are looking for specification then you can read our article on Ledger Nano S.
This wallet is a software wallet that is one of the apt software wallets. This wallet can be used over internet, via mobile app and browser extension. This software is an open source and stores the private keys on mobile device. This reduces the tension from our head. Impressive thing here is that this wallet is highly anonymous and so will be difficult from anyone to trace and hack it. This wallet is a best option for those who are looking for privacy, it will be best for them.