How You Can Buy Tron in the UK
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TRON has risen to the top 10 of the largest cryptocurrencies worldwide, and more and more investors are interested in the coin.
What TRON actually does, what opportunities an investment promises and how you can buy TRON, all that you can read here.
Buy Tron: What should you look out for when buying Tron cheap & safe?
These are the things you should look out for when buying Tron to make sure nothing goes wrong:
Where is the best place to buy Tron? We recommend eToro.
Do I want to hold Tron for the long term or speculate on the price? That depends on your own trading.
How does a Tron wallet work? Simple, via eToro's integrated wallet.
Is it worth investing in Tron? Tron definitely has potential in the future.
Where to buy cheap Tron? Our broker and exchange comparison - buy Tron with the lowest fees:
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Should you buy Tron or not? Our reasons for buying!
Buy TRON? Or is it better not to? We summarise the pros and cons around this question for you:
In recent years, a global economy has emerged on platforms such as YouTube or Spotify, in which artists market their works on their own. The cryptocurrency TRON (TRX) is messing with precisely these distribution platforms.
TRON aims to give creators more control over the marketing of their work and a greater share of the revenue generated by it.
Similar to the way Bitcoin bypasses the middleman bank, TRON bypasses the platform operators, who until now have determined which content is viewed most frequently on the internet and how much its authors earn from it.
In order to achieve this, it will be possible to write and execute decentralised applications (dApps) and smart contracts on the TRON blockchain, similar to Ethereum.
TRON has regularly been the subject of much criticism in the news. Among other things, it became known that TRON did not write parts of its whitepaper itself, but freely adopted sections of other whitepapers. Lines of code were also copied from TRON without any reference to their authors.
Nevertheless, TRON has established itself among the top 10 most successful cryptocurrencies according to Coinmarketcap. The CEO is the Chinese Justin Sun, who regularly emphasises that his goal is to completely decentralise the internet. TRON is operated by the TRON Foundation, which is based in Singapore. TRON's cryptocurrency TRX has been traded since September 2017.
By means of an ICO, TRON was able to collect 70 million US dollars. TRON's own blockchain was launched much later, in June 2018. To learn more about the history of TRON and the current TRON price, follow our link.
Many negative reports about TRON are unsettling
Investors must also pay attention to the many negative reports in the TRON news in recent months. They question how serious and reliable the company TRON really is. This additional factor of uncertainty makes investments in TRON more risky than investments in some other projects whose serious intentions are beyond question.
But even if TRON really wants to deliver, it says it can still take up to ten years before the promised platform can be used. That is a period in which other companies pursuing similar ideas could gain a valuable head start.
On top of that, the market power of the established competitors is so great that it becomes questionable who is even able to take them on at the moment.
Should you buy TRON or not?
So should you buy TRON? From our point of view, the many negative TRON news stories speak rather against it. In any case, we advise against large long-term investments. In the short term, turnover can certainly be made with small amounts in trading.
If you want to try it, you should follow the TRON news regularly in order to be able to make your own wise decisions.
Tron Buy or Sell? Our pros & cons analysis:
Comparison of fees when buying Tron:
To compare the fees when buying Tron, let's take the following example:
We buy €1,000 worth of Tron.
We want to hold Tron for one month and then sell it again.
We assume that the price does not change during the 30 days.
This is how the fees differ among the largest crypto providers:
free of charge
free of charge
free of charge
Tron share price: Important moments in Tron's share price development
Tron has had its share of ups and downs since the ICO in 2017. We show the most important moments in the past of the Tron Coin:
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Buy Tron with or without Wallet?
You want to buy TRON and are wondering whether you need to buy a suitable wallet for it? Here you will find the answer. Some exchanges allow you to store the coins you buy on them directly in your account. This is convenient, but also risky.
Some investors do not set up a wallet at all. For good reason: you have to choose your own wallet, understand it and secure it properly. It costs you work to use your own wallet. Simply leaving your TRON on eToro is much more convenient.
Nevertheless, the effort is worth it. And it's not that big. If your exchange platform unexpectedly goes bankrupt or gets hacked, your coins are at risk. In the vast majority of countries - cryptocurrencies are traded unregulated.
This means that the exchange operators are not obliged to provide you with any guarantees. On top of that, it is actually considered a great strength of cryptocurrencies that they are stored decentrally.
An exchange, on the other hand, as a central data and trading hub, is a very attractive target for attackers. So there are many good reasons to keep your TRON on your own wallet. Click here for the big Tron wallet comparison
TRON is an exciting project, but it still has to prove itself. There is currently justified criticism of the company, which does not speak in favour of a large investment in the cryptocurrency. On the other hand, we consider smaller investments to be justifiable.
Those who want to buy TRON can do so with bitcoin as well as with real money. And you have a free choice of the most popular payment methods, such as credit cards, instant bank transfer, Bitcoin and even PayPal.
In any case, we recommend using our test winner eToro for your investment. You can find detailed instructions for this further up on this page.
The TRX token can be bought for real money or cryptocurrencies on the platforms described above. For buying TRON, we recommend a diversion via our test winner via Bitcoin. With the test winner, buying Bitcoin is easy, flexible and fast. You can then transfer your Bitcoin to Binance, for example, to exchange it for TRON there.
Yes, that is possible. You can buy TRON with a credit card on Binance, for example.
With our test winner, you can buy Bitcoin with a credit card and then exchange it for TRON on another exchange.
Buying TRON with Paypal is also possible via a diversion. Read our instructions further up on this page.
Buy TRON now, is it worth it? It is conceivable, but the bad news surrounding the cryptocurrency from Singapore gives cause for concern. We advise caution.
A TRON wallet is not mandatory, but it increases the security of your investments. We advise you to have your own crypto wallet.
That depends on whether your wallet also supports the cryptocurrency TRON. However, we are not aware of such a Bitcoin wallet that also supports TRON.
If in doubt, it is advisable to ask the provider directly. Most wallets now support multiple coins.
We recommend our test winner for purchasing TRON. TRON is not yet listed here. However, you can use the platform very well as a hub for your investments. In combination with other exchanges such as Binance, you can acquire almost any cryptocurrency in no time at all.