TRON

Where to buy TRON (TRX) cryptocurrency in Australia

What is TRON, where to buy it and how to store it.

TRON aims to create a fully decentralised Internet by facilitating a fully functional user-centric ecosystem.

It was built in response to the perception of users losing control of the Internet, under arguments that social media giants, advertisers and other large sites have taken control and that content creation is motivated purely by profit, rather than artistry or real entertainment.

Its prices shot up at the start of 2018 to reach a market cap of almost $5 billion. Ironically, this enormous increase was mostly due to its announcement of new corporate partnerships.

TRON’s dream of a decentralised Internet, free of pure profit motivations might be a long way off, but there’s no denying that the value of the coin is skyrocketing.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where to buy TRON in Australia

Name Product Deposit Methods Fiat Currencies Supported Cryptocurrencies
Cash, BPAY, POLi, Cryptocurrency
AUD
BTC, BCH, ETH, XRP, ADA, XEM, LTC, XLM, TRX, DASH, NEO, XMR, EOS, QTUM, BTG, LSK, ETC, XVG & over 100+ more
CoinSpot is an Australian-based marketplace that allows you to easily buy, sell or trade more than 100 cryptocurrencies.
Cryptocurrency
BTC, XRP, USDT, ETH, NEB, XVG, TRX, NEBL, ETH, NEO, FUN, ETC, BCC, POE, DASH, ELF, ICX, BNB, ZRX, APPC & 80+ more
Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.
Cryptocurrency, Wire Transfer
New account holders must now deposit fiat/crypto equivalent to US$10,000 to trade.
USD, EUR
BTC, BCH, BTG, IQ, TRX, GNT, AVT, DASH, DATA, EDO, EOS, ETC, ETH, ETP, LTC, MIOTA, NEO, OMG, QTUM, SAN, USDT, XMR, XRP, BAT, ZRX, FUN, MANA, SPANK, TNB, RLC, RCN, REP, ELF, AID, SNGLS, SNT, QASH, YOYO, MITH
Spot trade all of the major cryptos on this full-featured exchange and margin trading platform.
Cash, Electronic Funds Transfer, POLi, Cryptocurrency
AUD
BTC, ETH, BCH, EOS, ZRX, AE, AION, REP, DGD, ICX, IOST, OMG, PPT, SNT, TRX, VET, ZIL
Buy 15+ cryptocurrencies using POLi, cash or Electronic Funds Transfer.
Huobi.pro Cryptocurrency Exchange
Cryptocurrency
-
BTC, ETH, HT, LTC, PAI, BCH, XRP, DASH, IOST, EOS, TRX, ETC, OCN, ONT, ELF, ABT, CMT, ELA, ZEC, OMG & 75+ more
Huobi.pro is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
Bithumb Cryptocurrency Exchange
Cryptocurrency, Wire transfer
KRW
BTC, BTG, BCH, DASH, ETC, LTC, EOS, XRP, ETH, QTUM, TRX, ICX, VET, XMR, ZEC, MITH
A global platform where users can make KRW and cryptocurrency deposits to purchase up to 15 popular cryptocurrencies.
OKEx Cryptocurrency Exchange
Cryptocurrency, Bank transfer, Alipay, WeChat Pay
USD, CNY
BTC, ETH, LTC, EOS, TRX, ETC, BCH, TRUE, XRP, ABT, HSR, MITH, BTM, AUTO, IOST, & over 119+ more
Listing over 100 cryptocurrencies, OKEx offers its users a variety of payment methods and coins to choose from.
YoBit Cryptocurrency Exchange
Cryptocurrency, Payeer, AdvCash, Perfect Money, Capitalist, QIWI* Only available for RUB deposits
USD, RUB
BTC, BTG, DASH, ETH, LTC, DOGE, WAVES, LSK, BCC, TRX, ABYSS, PAC, ZEC, XVG, EOS, ETC, RDD, TOKC, B2X, TTC & 400+ more
Pay in USD, RUB or trade crypto to crypto at this Russian-based cryptocurrency exchange with hundreds of coins listed.
KuCoin Cryptocurrency Exchange
Cryptocurrency
-
BTC, BCH, DAG, ETH, XRP, EOS, LTC, ADA, TRX, NEO, ONT, STEEM, BTM, BCD, ZINC, VET, OLT, NUSD & 50+ more
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Qryptos Cryptocurrency Exchange
Cryptocurrency
-
BTC, BCH, DRG, UKG, LIKE, ENJ, TRX, LDC, MGO, AMLT, EZT, LALA, IPSX, FLIXX, STU, 1WO, TPAY, ETH, WIN, LTC, SPHTX, RKT, UBTC, ETN, ECH, QASH, NEO, HAV, XRP, ETC, STAC, FLUZ, VZT, XEM, XLM, VET, BMC, ONG, FDX, XMR, DENT, MCO, IND, GAT, ZEC, CAN, STX, QTUM, OAX, IXT, STORJ, MTN, REP, FCT, DASH
Owned by the team behind QUOINEX, QRYPTOS is a global crypto-to-crypto platform which supports over 50 cryptocurrencies and offers negative trading maker fees to generate liquidity.
Mercatox Cryptocurrency Exchange
OKPay, PerfectMoney, Yandex Money, Payeer, QIWI, Cryptocurrency
USD, EUR, RUB
BTC, XRB, ETH, DCN, BCH, NIO, TRX, DASH, COB, DOGE, PRIX, DSR, XCPO, LTC, VERI, LOC, NUA, PKT, PPT, ICO & 80+ more
Supporting over 100 coins, you can exchange a variety of cryptocurrency pairs on this peer-to-peer platform.
Altcoin.io Decentralised Exchange
Cryptocurrency *Powered by atomic swaps
-
*Note that while the platform is under development, it is expected to support BTC, ETH, REP, ANT, BAT, EOS, SALT, CVC, DNT, SNT & 20+ more
Launching in 2018, Altcoin.io is a decentralised peer-to-peer cryptocurrency exchange powered by atomic swaps. Sign up now for early access.

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How does TRON work and what’s it all about?

TRON is all about creating a social-user ecosystem, centred around content creation and having creators interact directly with consumers.

The idea is to cut out expensive intermediaries who take profits and sites that treat their users as fodder for advertisers.

It also uses the blockchain to add transparency to the idea of popularity. Rather than having manufactured superstars, it lets everyone see what’s actually popular rather than being pushed forward by record labels or other brands that manufacture celebrities.

It does this by putting a direct line between creators and consumers, while taking steps to ensure a lively and healthy ecosystem.

To this end, TRON developers have created a formula that determines creator rewards. This reward system takes into account the following:

  • Creation. Simply creating content and thereby contributing to a healthy ecosystem is enough to earn rewards. More regular contributors 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.

It also plans to offer tools to facilitate content creation, for example, by letting developers use the platform to create games specially designed for TRON or offering a range of new communication channels between users.

The TRX token is the native currency of the TRON ecosystem. It will essentially be mined by content creators, with their mining rewards being based on the quality of content they produce.

TRON’s stated goals include becoming the following:

  • A high-quality content hosting platform
  • A social network that provides a link among all users
  • A digital currency to bridge users
  • A payment network
  • An autonomous ecosystem

TRX owners will also get voting rights on the platform's management and decision-making. The goal is to encourage people to hold TRX for the long run, which could help shore up the currency’s value against inflation.

TRON developers expect that the entire process will take about 8-10 years to achieve.

What to know if you're already a TRON holder

TRON (TRX) is switching to a new blockchain and swapping out its tokens in June 2018.

So if you're a TRON holder, here's what you need to know.

What to consider before purchasing TRON

As an idealistic project, TRON will inherently fail. Despite the promises of the blockchain, bringing the Internet’s content under the TRON umbrella will only centralise it, rather than decentralise it.

And even if TRON does manage to accomplish its ambitious goals, advertisers and existing media giants will simply migrate over to TRON in order to keep capturing an audience. In practical terms, there’s nothing inherently decentralised about TRON, despite its aspirations.

Some aspects of the reward algorithm are geared towards penalising click-farming or other manipulation, but there’s no actual way to prevent native advertising, crowd manipulation or ugly mob mentality in the TRON ecosystem.

At a glance, the entire project might have little to recommend it, but looking at it from a more mercenary angle shows a different view.

Despite all its talk of decentralisation, TRON aims to become a centralised content creation tool, hosting platform, social media giant and payment network all in one. This is an exceptionally lucrative and challenging business plan.

TRON’s idealism and talk of decentralisation can be considered a branding exercise and a way of cushioning the impact from its ongoing development of corporate partnerships.

But is it enough? Functionally, TRON has little to offer other than a unique reward algorithm for content creation. Almost any cryptocurrency can offer similar transparency and be used by consumers to directly reward content creators.

If TRON succeeds, it will be based on the strength of its business chops and on its ability to disrupt the giant social media and online content platforms.

If it succeeds, purchasing TRON today might be like buying cheap Facebook shares. If it doesn’t succeed, then it will be about as useful as buying Dogecoin.

How to sell or trade TRON

  1. Find out which exchange platform you have your TRON in and visit that site. If your TRON is in a digital wallet, sell it by picking a platform from the list above.
  2. Transfer your TRON to bitcoin or Ether within the platform.
  3. Go on to follow the steps to sell or trade your bitcoin or Ether.

Check out our Best TRON wallets guide for storing TRX

Andrew Munro

Andrew writes for finder.com, comparing products, writing guides and looking for new ways to help people make smart decisions. He's a fan of insurance, business news and cryptocurrency.

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