How to Buy Tron (TRX)
Ready to build and power your own decentralized app? Need to spend TRX on the latest Tron-based blockchain game?
If so, you’ve come to the right place, as this guide will teach you how to buy Tron on Kraken, the trusted digital asset exchange, and one of the largest exchanges in the world for buying TRX.
If not, you can find an easy explanation of how Tron works in our official “What is Tron?” guide. It breaks down the basics of the Tron cryptocurrency, outlining everything from its codebase to how it allows users to stake TRX and generate more tokens.
Ready to get started?
If you’re already skilled and want to place a trade fast, click ‘Buy TRX’ below. If you’re new, read on for easy step-by-step instructions.
Why buy TRX?
Not only has Tron attracted a global investor base with its vision of decentralizing the internet, the project has become known for its big spending to acquire or partner with new services.
This includes well-known products such as BitTorrent, which now has its own Tron-based token, and partnerships with online merchants like PornHub, which has integrated Tron wallets.
Consider buying TRX if you want to
- Develop an application powered by its own cryptocurrency
- Create a long-term crypto portfolio strategy
- Play Tron-based games or use Tron-based applications
- Raise money to start a new cryptocurrency project
- Stake TRX to begin earning more cryptocurrency
Where can I buy TRX?
The easiest way is to buy TRX is through a trusted exchange like Kraken.
We are constantly rated one of the most secure and trusted crypto exchanges in the world. This matters because if you lose your crypto it can be nearly impossible to recover your losses.
At Kraken, we take security seriously with tried-and-tested technology and procedures that protect client funds. We don’t cut corners on security and neither should you.
How much TRX can I buy?
Don’t have a lot of spending power? Don’t worry, you don’t need to purchase 1 TRX when you buy Tron. Like most cryptocurrencies, TRX is divisible, meaning 1 TRX is made up of 1 million sun, the smallest unit of currency being named after project creator Justin Sun.
This means you can easily purchase fractions of a TRX on Kraken’s exchange. Larger orders, of course, are also possible. It wouldn’t be out of the ordinary for larger traders to purchase 100,000 TRX or more.
How to buy TRX on Kraken
Use the four steps below to learn how to buy TRX using the Kraken platform:
- Sign up for an account
Enter an email address on our sign-up page, select a new username and be sure to create a strong password for security..
- Verify your account
You can buy TRX with other cryptocurrencies like lumens or litecoins by providing your full name, date of birth, country of residence and phone number. You can also purchase TRX using fiat currencies, like GBP or EUR, though you’ll need to provide us additional support documents verifying your identity.
For more about this process, check out our verification levels documentation.
- Deposit crypto or fiat currency
To deposit crypto, generate a deposit address and send the funds from your wallet to that address. For purchases with fiat currencies, we offer a variety of funding methods depending on your country of residence and preferences. Browse through our support documents to find the best option for you.
- Buy TRX!
Once your funds hit your account, you’re ready to buy TRX. Simply open the New Order page, fill out the order form and click BUY. With your Kraken account, we also provide access to our charting tools, 24-hour global client support, advanced order types and leveraged trading.
24/7/365 Customer Support
Trading is really pretty simple! If you have any questions about buying Tron, let us know. Our support staff is online all day, every day, ready to help.
You can reach us anytime on LiveChat or by email.
Where to keep your TRX
Once you’re done buying TRX for the first time, take steps to secure your funds. The best way to do this is with a Tron wallet, which will allow you to send, receive and store TRX.
There are many types of wallets you can use to keep your TRX safe, including hardware, software and even paper wallets. The option you choose will depend on your preferences.
Kraken is not a wallet service
It’s important to note that Kraken is an exchange service and not a wallet service. So, while we allow clients to hold funds while they’re being used to make trades, consider separating your holdings into more than one wallet. After all, it is never good to keep all of your eggs in one basket, even one protected by the mighty Kraken!