Where to buy TRON in Australia
Your guide to TRON and how to buy, sell or trade Tronix (TRX) on an exchange.
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
These days you can buy and sell TRON's native currency, Tronix, on a wide range of crypto exchanges. Tronix was founded in 2017 and originally operated as an ERC20 token, but no longer does. Many popular exchange allow you to buy and sell TRON, so compare a few options before settling.
Quick guide: How to buy TRON
- Register for an account with a cryptocurrency exchange like CoinSpot.
- Enable 2-factor authentication.
- Verify your account.
- Click “Deposit AUD”.
- Transfer funds into your account.
- Click “Buy/Sell” at the top of the screen.
- Search for the cryptocurrency you want and click “Buy”.
- Enter the amount you want to buy, or the amount of AUD you want to spend.
- Review the transaction details.
- Click “Buy”.
This is our quick guide to just one way to buy TRON. Compare some other options in the table below.
Where to buy TRON
Knowing where to buy TRON is half the battle — so compare exchanges on fees, supported fiat currencies and more to find your best fit.
Must read:TRON vs. TRX vs. Tronix: What's the difference?
TRON is the name of the blockchain-based entertainment content sharing platform.
Tronix tokens are the platform's native currency and are used to reward users for creating content.
TRX is the ticker symbol crypto exchanges use to refer to Tronix, in the same way that the Australian dollar is abbreviated to AUD.
How to buy TRON
- Open an account on an exchange that supports TRON.
Most exchanges require an email address, phone number and proof of ID to trade TRON.
- Deposit funds into your account.
You'll need to fund your account to buy TRON, and many exchanges let you pay by credit and debit cards, bank transfers and other cryptocurrencies.
- Buy TRON
Complete your TRON purchase and then consider moving your TRON to a supported wallet for safekeeping.
Buy TRON with another cryptocurrency
If you want to trade another cryptocurrency for TRX, here's an example of how to do it.
- Buy BTC or ETH. TRX is listed in trading pairs alongside a host of cryptocurrencies but is most commonly traded against bitcoin and Ethereum. So if you want to buy any TRX, the best place to start is to acquire some BTC or ETH.
- Register for an account. You can trade TRX on a wide range of exchanges, so compare the features and fees of a number of platforms before deciding which one you want to use.
- Deposit funds into your account. Choose your desired currency and copy the relevant wallet address or scan the QR code provided. Use this address when initiating a transfer from your external crypto wallet.
- Buy TRX. Once the funds have arrived in your account, click the "Exchange" tab and select either the "Basic" or "Advanced" trading view. Next, search for the pair you want to trade, such as "TRX/BTC," and choose a Limit, Market or Stop-Limit Order. You can then enter the amount of TRX you want to buy.
As always, take some time to review the transaction details and total cost before you click "Buy TRX."
How to sell TRON
If you want to sell your TRX, the process you'll need to follow is fairly similar to that described in step 4 above. Of course, you'll need to make sure you enter your transaction details in the "Sell" rather than "Buy" tab and remember to review your transaction before submitting.
It's also worth pointing out that TRX isn't listed in trading pairs alongside every possible crypto and fiat currency, so it may not be possible to directly exchange your Tronix for the currency you want.
Which wallets hold TRX?
After the launch of the TRON mainnet in June 2018, TRX is no longer an ERC20 token on the Ethereum network. As a result, you’ll need to find a wallet that supports TRX mainnet tokens.
The wallet options available were initially quite limited but are increasing all the time. There are desktop, web, Android/iOS mobile and even web browser extension wallets that have been developed by the TRON community and are listed on the TRON website.
You can also use the Tronscan desktop app to manage your TRX holdings through the Ledger Nano S hardware wallet.
How TRON works
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 services, 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.
To this end, TRON developers have created a formula that determines creator rewards. This reward system takes into account the following:
- Content creation. Simply creating content and thereby contributing to a healthy ecosystem is enough to earn rewards. People who contribute regularly will earn more rewards.
- Popularity and engagement metrics. Likes, shares, comments and other signals of user engagement or enjoyment will increase the rewards for content creators.
Before you buy TRON: Things to consider
Cryptocurrencies are complex and notoriously volatile assets, so you should never buy any digital coin or token without doing some thorough research first. You’ll need to understand the factors that can potentially influence the price of TRX, as well as the risks involved in buying digital currency, before making a purchase.
If you want to buy TRON, make sure you consider the following factors:
- Use. Tronix is the native currency of the TRON ecosystem. It will essentially be mined by content creators, with their mining rewards based on the quality of content they produce.
- TRON Power. By locking their TRX coins away for an extended period of time, TRON holders can earn TRON Power. TRON Power holders are entitled to greater privileges in the TRON ecosystem, such as voting rights.
- Justin Sun. TRON is led by founder and CEO Justin Sun, the creator of mobile social application Peiwo. Sun has also served as Ripple's former chief representative in greater China and was named one of Forbes Asia's “30 Under 30” entrepreneurs in 2017.
- Plagiarism accusations. In January 2018, TRON was hit by accusations that large sections of its whitepaper were plagiarised. Justin Sun dismissed the alleged plagiarism as translation errors made by volunteers, and revised English and Chinese whitepapers without any plagiarised content were soon released.
- Partnerships. TRON has secured partnerships with a number of other projects and companies, including virtual gifting platform Gifto, gaming site game.com, and mobile social media platform Peiwo.
- Technology. If you want to know more about the tech behind TRON, check out the Design Book of TRON Architecture.
- The battle for adoption. TRON’s wide-reaching goals include everything from creating a high-quality content hosting platform and a social network that provides a link among all users to turning TRX into the digital currency of choice for content creators in TRON’s autonomous ecosystem. Whether or not TRON can achieve the widespread adoption needed to make this a reality, succeeding in the face of competition from major established content channels, remains to be seen.
Consider these and a range of other influencing factors before deciding whether you should buy TRON.
Disclosure: At the time of writing the author holds ADA, ICX, IOTA and XLM.
More guides on Finder
How to buy SPDR S-and-P World ex Australia Hedged Fund units
Steps to owning and managing SPDR S and P World ex Australian (Hedged) Fund ETF units.
Amazon Prime Day Australia 2021: All the best deals from Day 2
Here are all the best deals from Amazon Prime Day Australia's second day - including the return of dirt-cheap Nintendo Switch consoles.
Prime Day deal: $100 off Sony’s ‘Bose Killing’ Headphones
Get 33% off Sony WH1000XM3 Wireless Noise Cancelling Headphones during Amazon Prime Day 2021. Here's how to get the deal before it disappears.
How to get $90.95 off Nintendo Switch with Amazon Prime
Amazon Australia is selling the Nintendo Switch video game console for $349 during Prime Day - that's over $120 off the RRP.
Amazon Prime Day’s best deals on big-ticket items: Up to 46% off
From Segways to stand-up paddleboards, these are the best Prime Day savings on the most expensive items.
Nacon RIG 500 Pro HC Gen 2 review: Super comfortable gaming headphones
The Nacon Rig 500 Pro HC headphones have wide console and PC compatibility, Dolby Atmos licensing and a genuinely comfortable design, even for longer gaming sessions.
Oppo Find X3 Neo 5G review: Oppo’s better flagship phone
The Oppo Find X3 Neo lacks the utter flagship features of the Find X3 Pro, but you won't miss them, while you will enjoy its lower price point.
7 health insurance deals to save you money at tax time
Avoid the MLS tax and get a rebate by taking out health insurance. Here are 7 deals that’ll save you money on your tax returns.
Today’s ASX top stocks: Milton Corporation (MLT ↑16.0%), Oneview Healthcare (ONE ↑12.8%)
The 10 biggest movers on the ASX for Tuesday 22 June 2021.
Latest crypto guides
Ask an Expert