A Beginner’s Guide to Buying and Selling TRON Cryptocurrency in Ireland
If you’re based in Ireland and wish to buy TRON – the process is very straightforward. All you need to do is find a regulated exchange, deposit some funds, and decide how many TRON tokens you want to buy.
TRON is a decentralized platform that allows users to share and host their media files independently. It provides similar features to YouTube, but here, it is not controlled by a centralized body. That means the platform is controlled by thousands of different computers, making it difficult to manipulate.
The Platform uses its cryptocurrency known as TRON or TRX for short. The token is used to pay artists for their work and help confirm transactions.
Those who invested in TRON in the early days have made huge profits. But the cryptocurrency industry, in general, is still in its infancy stage and there is high potential for further increase in prices. If you’re looking to invest in TRON (TRX) in Ireland, you are in the right place. The following is a guide that can help you buy or sell TRON in crypto Ireland.
What's in This Guide?
The guide contains information about buying TRON. It explains how you can buy the cryptocurrency using either fiat currency or another cryptocurrency. It also provides details about selling TRON or holding it safely. The guide also outlines some important things to note before buying cryptocurrency in Ireland.
- QUICK GUIDE: HOW TO BUY TRON IN IRELAND
- Where to Buy TRON in Ireland
- Buying TRON in an Exchange
- A Step-by-step Guide to Buying TRON in Ireland
- How to Sell TRON
- Which Wallets Can I Use to Hold TRON?
- How TRON Works
- Key Things to Consider if You're Thinking about Buying TRON in Ireland
QUICK GUIDE: HOW TO BUY TRON IN IRELAND
- Open an account with a cryptocurrency exchange.
- Verify your account.
- Go to the deposit section
- Go to the platform and select Tron.
- Enter how many TRX coins you want to buy.
- Check the details and confirm your purchase.
Where to Buy TRON in Ireland
If you’re looking to buy TRON in Ireland, the ideal place to go is a cryptocurrency exchange. There, you will have several options when it comes to choosing a crypto pair. Moreover, transactions there are secured and fast.
Buying TRON in an exchange
There are two ways you can buy TRON in a crypto exchange. You can buy using fiat currency (Euro) or using another cryptocurrency. We will explain these options briefly.
Buying TRON with other cryptocurrencies
This should be the right choice for you if you have another cryptocurrency in a crypto wallet. Most exchanges will allow you to deposit funds using cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH). It is the easiest way to buy TRON because you will have loads of options when choosing a crypto exchange.
Buying TRON with fiat currency
If you don’t have any other cryptocurrency to buy TRON with, the other option for you is to use fiat currency. Yes, some exchanges still accept deposits in fiat currencies, although there are very few of them. So, if this is your first time buying cryptocurrency, you need to select a crypto exchange that accepts fiat currency deposits. The following are the steps you should take when buying TRON using fiat currency.
A Step-by-step Guide to Buying TRON in Ireland
Follow these steps to buy TRON (TRX) in a cryptocurrency exchange using fiat currency:
Step 1: Register for an account with an exchange
Before you are allowed to deposit money, you will be required to register with the exchange. So, when you have selected the broker that accepts fiat currency, proceed to the registration section to open an account.
In most cases, you will be required to provide your email address, proof of address, and employment details. These are required to process the KYC (Know Your Customer) requirement.
When you provide the details, ensure you enable two-factor authentication to provide additional protection to your account.
Step 2: Deposit funds into your account
This is the part where you have to fund your account through PayPal, credit card, debit card, or direct bank transfer, depending on the option available on the platform.
But remember that each option comes with a certain transaction fee, so it’s important to choose what works for you.
On the account section, enter the number of euros you want to deposit and complete the required details. Once the transaction is successful, a confirmation email will be sent to you.
Step 3: Buy TRON
After depositing the funds, go to the market section where you will find a list of different crypto pairs on the platform. Select the TRX/EUR option if the exchange has such a pair. Otherwise, you need to select the BTC/EUR or ETH/EUR option to buy either Bitcoin or Ethereum. Afterward, you can buy TRON using cryptocurrency. Once the transaction is confirmed, you will have the amount of TRON you ordered right in your exchange account.
How to Sell TRON
Selling TRON is easy as you did in step 3 above. But this time, you are clicking the “Sell TRX” option rather than the “Buy” link. Enter the amount of TRON you want to sell and review your order before submitting it. Once the transaction is executed, you will receive an email notification. Again, if you can’t find the right currency pair for the TRON you want to sell, you need to exchange TRON with either Bitcoin or Ethereum, just like in step 3. Thereafter, you can buy euros or any other currency pairing you want.
Which Wallets Can I Use to Hold TRON?
TRON mainnet was launched in 2018 and became no longer available as an ERC20 token on the Ethereum network. That means you need the crypto wallet to keep it safe. You can either store your TRON token in a hardware wallet or a software wallet. The former is safer while the latter is preferred if you want to access your tokens regularly.
How TRON Works
TRON is a blockchain-based entertainment content sharing platform. The aim of the network, according to the developers, is to decentralize the web. It makes it easier for users to create and publish content without any need for a centralized service. The platform is a response to the platforms like Facebook, Apple, and YouTube, as users complained about their extreme level of control over their contents.
The network uses the TRON (TRX) coin as its native token and has become very popular within the crypto community.
Key Things to Consider if You're Thinking About Buying TRON in Ireland
The following are the vital things you should consider before buying TRON in Ireland.
Cryptocurrencies are volatile
The volatility in the crypto market cannot be overemphasized. The market is highly speculative and can have massive price swings at both ends within a short space of time. That’s why any investor in the market should take caution and watch the market always.
Project’s Level of adoption
The TRON network has become increasingly popular as users try to move away from centralized content-sharing platforms like Facebook and YouTube. The popularity means that its token is also drawing more interest, which is a good thing for investors.
TRON has also been very busy in the industry securing partnerships that will boost the project’s level of adoption. It has partnered with a good number of companies, including mobile social media platform Peiwo, gaming site game.com, and virtual gifting platform Gifto. This shows the level of seriousness the developers have in the project, which can have a positive impact on the TRON token.
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How can I buy TRON with fiat currency?
You can buy TRON with fiat currency in a crypto exchange. However, there are very few of them that accept fiat currency deposits.
Can I buy TRON anonymously?
Yes, some exchanges can allow you to register and buy TRON without revealing your identity.
Where can I store TRON?
You can store TRON either in a hardware crypto wallet or a software wallet.