How To Buy Tron (TRX) In The UK

Last Updated November 23rd 2024

5 Min Read

A Beginner’s Guide to Buying and Selling TRX Cryptocurrency in the UK

TRON is a blockchain-based content sharing platform that was launched in 2017 and seeks to transform the global entertainment industry.

The company’s token, called TRX has grown in popularity and usability since it was launched. It was largely unknown when it started its Initial Coin Offering (ICO), but almost all types of exchanges now offer TRX on their platforms. This makes it very liquid and easy to buy and sell on an exchange platform.

Whether you want to buy Tron (TRX) in the UK, the following is a step-by-step guide that can help you.

How To Buy TRON In The UK – Quick Guide

To help you buy TRON coins as quickly as possible, we broke the process down into a few easy steps:

Step 1: Open an account with eToro – Head to eToro’s website and click join now to open a new account.
Step 2: Verification – By uploading essential documents that show proof of identity and home address, you will get your account verified in a short time.
Step 3: Deposit – Fund your new eToro account with a minimum of $10.
Step 4: Search for TRON on eToro – Search for TRX or TRON in the eToro crypto market.
Step 5: Buy TRX – Enter the amount of the worth of TRON you want to purchase in United States Dollars (USD), then click Open Trade.

That’s it! By following these easy steps, you can invest in TRON in The UK in less than 5 minutes.

Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.

Where To Buy Tron (TRX) In The UK

Are you Looking on how to buy Tron in the UK? Well, there are hundreds of crypto exchanges and brokers in the UK. This can make it hard to know which platform is right for you.

List of the best Exchanges to buy Tron (TRX) in the UK:

Looking where to buy Tron in the UK right now? Below you will find 4 of the best brokers that allow you to buy TRX in the UK.

eToro - Best broker to buy Tron (TRX) in the UK
Binance - Best exchange to buy Tron UK for asset diversity
Coinbase - Best exchange to buy TRON (TRX) for beginners
OKEx - Best broker to buy TRX UK for low-cost

Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.

A Step-by-Step Guide To Buying Tron (TRX) In The UK

Step 1: Open an Account With an Exchange

Obviously, the first thing you need to do when buying Tron is to open an account with a cryptocurrency exchange. As we stated earlier, many exchanges in the UK offer you the opportunity to trade Tron on their platform, which includes both buying and selling.

Do your research and select an exchange that supports Tron and offers low fees as well.

Most exchanges require some information such as proof of ID, phone number, and email address. So, make sure you have this information ready before you register.

Step 2: Deposit Funds Into Your Account

After registering with a crypto exchange, the next step is to buy TRON.

Many exchanges provide different payment options, including through bank transfers, debit cards, and credit cards. Some even allow you to deposit with other cryptocurrencies if you have a wallet with another crypto asset.

Once you’ve deposited the funds into your crypto exchange account, you will be ready to order Tron tokens.

Step 4: Buy Tron

This is the final phase where you successfully buy the Tron token and keep store it or use it for trading.

After purchasing the desired Tron, consider moving your Tron to a supported wallet for safekeeping.

Step 4: Store your Tron Tokens

A crypto wallet is just like your bank account. It is used to keep your TRX token safe.

Before you buy your Tron from an exchange, it’s important to have a crypto wallet where you can keep the token. Although some exchanges offer crypto custody service, it’s after if you keep your Tron in an offline wallet in an external drive.

Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.

How To Sell TRON (TRX)

If you’re wondering how to sell Tron, the good news is, selling your TRX token is even easier than buying it. You need to fill out your personal information and other details when buying the token. But you don’t need anything of that sought to sell Tron.

Remember that TRX is not listed in trading pairs alongside every crypto and fiat currency. But you are sure going to find TRX/GBP pairs, which is what you want.

Just go over to the “Sell” tab and enter the transaction details. Then, review the details before clicking the sell button. It’s that simple!

Which Wallets Hold Tron (TRX)?

Tron launched its mainnet in June 2018, and TRX stopped being an ERC20 token on the Ethereum network. That means you will require a Tron-supported wallet to hold your TRX

The wallet options are not as rampant as that of Bitcoin, but few will work for you. You can consider iOS/Android mobile, web, or desktop wallets that have been developed by the TRON community.

These wallets are classified into two types –offline and online storage wallets. The offline storage wallet is available for those looking to hold their Tron for a long time. It is the safest option for long-term investors. On the other hand, the online or hot wallets are for regular traders who are always moving their TRX funds.

Read Also: Tron Price Prediction

How Tron (TRX) Works

The Tron (TRX) token works like any other cryptocurrency. But the platform backing the token is different from other types of platforms. The platform has also made TRX very popular within the crypto community. After Tron was created in 2017, the company embarked on an Initial Coin Offering (ICO) has remained one of the most successful ICO’s in the industry. It raised over $81 million from investors who are interested in the project and see a better future for its token.

The token received unprecedented orders, which caused some of the crypto exchanges offering the token to crash.

Tron is aimed to “centralize the web”, as it uses centralized services. It gives users full control of their content, unlike companies like Facebook, Apple, or Google.

People can earn rewards on the platform, with the TRX token issued to users. Also, it can be traded like other cryptocurrencies on exchanges.

Things To Consider Before Buying Tron In The UK

Whatever type of investment you want to make, it’s always necessary to consider certain things to make sure you are investing in the right asset. So, here are some of the important things to consider before buying Tron in the UK.

1. Cryptocurrencies Are Highly Volatile Assets

It’s important to have it in mind that crypto assets are very volatile and can swing quite often. This makes them very risky to invest in. So, before you invest in any cryptocurrency, even Tron, it’s important to do proper research. And sometimes, proper research may not be enough to save you from any market mishap.

All the same, it’s still better to research thoroughly about the token you are buying before putting your money in it. This will help you avoid investing when the market is not right.

2. Make Sure You Protect Your Wallet

Every cryptocurrency wallet comes with a key you can use to lock or unlock the funds. It’s vital to protect this key properly. Unlike fiat currency where you can still get hold of your account even when you forget your account details, there is no such thing with a cryptocurrency wallet.

So many wallet holders have lost their funds forever because they forgot did not remember where they saved their keys. Since the keys are digital, it’s very important to store them safely.

3. Find Out All You Can About the Project

The Tron project is a notable one, but it’s not enough not to study more about the project. If you carefully go through the project’s activities and its future goals, you will be able to determine whether you are making the right investment. For long-term investments, you should look at the future viability of the project before committing your funds.

Check Out: Pros and Cons of Investing in Tron

Final words

The above are the steps you can take when buying Tron tokens in the UK. But remember to carry out proper research and choose a crypto exchange that matches your demands and needs in the market.