As one of the most famous cryptocurrencies, Tron (TRX) has a huge potential. Tron has plenty of dApps and it’s considered one of the most active dApps platforms in the industry. Many people believe Tron has a good future in the blockchain industry and in this article, we will tell you how to buy Tron from the very beginning with USD or other fiat currencies. You can skip step 1 if you already have Bitcoin (BTC) or Ethereum (ETH).
Step 1 – Exchange Your Fiat Currencies To Bitcoin (BTC) or Ethereum (ETH)
For people who are still new to the cryptocurrencies world, getting the first cryptocurrency could be a complicated process. First of all, you need to know where to find a fiat-to-crypto exchange in your own country. Many countries use Coinbase, but you can also try Gemini, Kraken, and Localbitcoins. In some third world countries, all these exchanges might not be available to you, and you have a better chance of buying Bitcoin or Ethereum if you ask a local crypto community.
If Coinbase is available in your country, you can use it to exchange your USD or other fiat currencies to Bitcoin or Ethereum. You can use your debit card with Coinbase as well. After you get your Bitcoin or Ethereum, you should withdraw them to your own crypto wallet.
We highly recommend a hardware wallet like Ledger Nano because they are much safer than a software wallet. If you don’t want to spend any money for a ledger nano, we recommend a multi-coin software wallet like Exodus or Atomic Wallet. You can also try Monedero if you want to use a web wallet.
Step 2 – How To Buy Tron (TRX) With Your BTC or ETH
After you have your own BTC or ETH in your own crypto wallet, it’s time to know where to buy Tron (TRX). Go to Switchain homepage and search for Tron next to “I want” column.
Left Column – I have -> This is the part where you choose Bitcoin (BTC) or Ethereum (ETH). If with the earlier step (step 1) you buy Bitcoin, then you should choose “BTC”. If you choose Ethereum with step 1, you should choose “ETH”.
Right Column – I want -> This is the part where you choose Tron (TRX). The idea here is that you will exchange whatever cryptocurrency that you have to a cryptocurrency that you want. Because you want to buy Tron, you choose Tron (TRX).
After you finish selecting both columns, you need to click “Get Best Exchange Rate”.
Step 3 – Put Your Tron (TRX) Wallet Address
After you finish with step 2, you will see the exchange rate from your BTC or ETH to Tron (TRX) on the next page. Different from other instant crypto exchange services, with Switchain What You See Is What You Get (WYSIWYG). So, the rate that is displayed to you is what you will always get. Click the “Exchange” green button.
After you click it, you will be redirected to another page where you can enter your Tron (TRX) wallet address.
TRX Address -> This is where you will need to enter your TRX wallet address
Refund BTC Address (or Refund ETH Address) -> This is where you will need to enter your BTC or ETH wallet address just in case the transaction fails
Click “Next”
Step 4 – Send Your BTC or ETH And Get Your Tron (TRX)
After you finish the previous steps, you will be asked to send your BTC or ETH to a specific wallet address. If you choose BTC, Switchain will ask you to send your BTC to a certain wallet address. If you choose ETH, you will be given a different wallet address to send your ETH.
Once you send the correct amount of your cryptocurrencies, you will receive your TRX instantly to your Tron wallet address that you have entered in the previous step. After that, you will be redirected to the confirmation page. That’s all. Congratulations with your new TRX coins.
About Switchain
Switchain is an instant non custodial cryptocurrency exchange. Our user-friendly platform makes trading crypto easy and fast. We work with different cryptocurrency trading partners to guarantee the best cryptocurrency rates to our clients.
You might also be interested in:
Check out the Oxis multi-coin web wallet. Oxis is non-custodial and also allows users to exchange cryptocurrency without providing personal information. Oxis also includes fiat on-ramping.