Talking of Crypto Currency and leaders in the financial exchange technology, you can’t miss mentioning of BTSE. That’s being said, the company came publically to announce on Tuesday that it has added upgraded its reach by adding Tron’s TRX tokens to the network.
The company was said to have got its feet in the era of the deadly coronavirus. On Tuesday, BTSE made the announcement backing that it’s Tron TRX Token integration was motivated by the numerous clients globally asking TRX token be listed on the exchange.
What is Tron TRX (Coin)
So what is TRX Coin otherwise know as Tron TRX/coin? Tron is well defined as a blockchain decentralized platform just any other digital crypto platform you know that seeks to create and exchange digital content efficiently and cost-effectively, through a globally distributed storage technology. If you have used Cryptocurrency a while, you will notice Tron Coin is much similar to Ethereum, EOS though its founders claim that it is more scalable and cost-effective than the alternatives.
Who Founded TRON (TRX)
The owner of TRX coin is Justin Sun and was founded just recently in 2017 through a Singapore-based non-profit called the Tron Foundation.
Justin SunSun doubles as the Chief Executive Officer of BitTorrent and not long ago acquired blockchain-based social network site Steem.
Why Tron TRX
Tronix (TRX) introduction has just one aim, thus to remove the middle man. The middle is considered a nuisance and Tron has just one aim, to close the gap between content developers and web consumers by using the technology of the blockchain and P2P network technologies.
This is believed to have an overall impact on the consumer by reducing the cost and proved an avenue for an improved collection through direct receipts for the content producer, which offers a win-win situation.
Justin Sun announced that they are planning for TRX to create Web 3.0, or a “third web”, the statement explains. Via this third web, a strategy the CEO stated that will eliminate the third parties.
Their CEP in a statement said “TRX has been one of the most requested tokens to be listed on the BTSE Exchange. We are happy to now provide our users with access to one of the largest cryptocurrencies by market capitalization and support the further growth of the TRON network in its quest to make content sharing more accessible, cheaper, and faster.”
How to buy TRON (TRX)
Just like in all Cryptocurrencies, you need a wallet to be able to transact in whichever form. TRX used to be an ERC-20 token, which means that it was stored in Ethereum wallets. So the first steps are:
You need a wallet: Once you have a wallet, you are halfway through to buy Tron (TRX). There are 3 basic ways to own a Tron wallet. Ledger, TronWallet, or Exodus.
Ledger
Ledger is a unique digital security ecosystem that protects your Crytptocurrency built on verifiable trust across people, hardware, and software and allows you to store your TRX securely offline. It’s a multi-currency wallet that’s compatible with over 1000 different assets aside from Tron.
TronWallet
TronWallet is a secure peer to peer (p2p) crypto wallet application for exchange for TRON (TRX). The good news about TronWallet is that it’s available for both Android and iOS. It is an open-source application that takes the burden of you have to Sign up and enter passwords all the time.
Exodus
Exodus will be your favorite exchange platform where you can convert your Cryptocurrency in Tron to and from Ethereum, Monero, Litecoin, and more right from your wallet, in seconds. It’s more flexible to use doesn’t require you to Sign up.
Back to Main Topic: How to Buy Tron (TRX)
- Use an exchange service like TronWallet. This is an easy platform that allows you to exchange your Tron with other known currencies mostly Bitcoin and Ethereum. It’s very fast to do this and doesn’t require hustle however, if you are looking to exchange to and fro other Crypto types you might be in big shit. The service seems new and doesn’t have many networks to convert with except Bitcoin and Ethereum.
- Buy through Binance. It is maybe the best place to purchase Tron. While Binance was launched only in 2017, it soon became one of the most common exchange platforms for cryptocurrencies. The exchange platform was recently launched as an alternative for the purchasing of cryptocurrencies with a credit card. It is believed that its fees are higher however it’s a good place to try.