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TRON (TRX) is the 11st largest cryptocurrency by market cap, valued at US$17,711,415,098.
TRON is a highly volatile asset capable of major price swings in a single day. Today TRX is trading for $0.205034 USD, which is lower than yesterday's trading price of $0.2073420907 USD. Over the past year, TRON's price has seen an increase of 101%.
So before you buy TRON, make sure you understand these unique risks as well as its legal and tax status here in Australia.
If you're ready to get started, read on for step-by-step instructions on how you can use to buy TRON.
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.
The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.
Find an exchange to buy, sell and trade TRX by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.
TRON is a blockchain-based entertainment content sharing platform that aims to transform the global entertainment industry. Launched in 2017 and with a stated aim to “decentralise the web,” TRON aims to allow users to create and publish content without the need to use centralised service — and without needing to hand control of their content over to major entertainment companies like Google, Apple or Facebook.
It was built in response to the perception that users are losing control of the Internet, with social media giants, advertisers and other large sites taking control. By using blockchain technology and its peer-to-peer benefits, TRON aims to cut out the profit-taking middlemen and allow content creators to connect directly with consumers.
Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Australia to help you choose the one that's right for you.
Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.
To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.
An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading TRON.
Once you've created an account, you will need to deposit funds to buy TRX with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy TRX:
The easiest way to buy TRX is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.
Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.
Before buying TRX, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of TRON has been performing recently.
You can keep your TRX on the exchange you purchased it on, or move it to a personal wallet:
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 1,000+ |
Supported assets 30,000+ |
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Price (USD) $149 |
Price (USD) $129 |
Price (USD) $49.99 |
See more of the best crypto wallets
Compare today's price of TRON ($0.205034 USD) against its all-time-high price of $0.231673 USD on 05 January 2018. The closer the bar is to 100%, the closer TRX is to reaching its ATH again.
Disclaimer: Cryptocurrencies, including TRON, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of TRX is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the TRON or any other cryptocurrency discussed.
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