How To Buy Cryptocurrency On Exodus

Fifty-fifty though Bitcoin is already x years old, we’re really just at the beginning of the emergence of cryptocurrency as a viable, useful technology. Case in point, smart contract platforms.

Ethereum, the originator of the smart contract, was released in 2015, but five years ago. Were we to compare that to the net, that would place crypto somewhere around the mid-1990s in terms of development. The first iPhone wasn’t released until 2007.

That being the case, when we look at smart contract platforms, it’due south hard to say which protocol will ultimately exist the winner. There is Ethereum, which has massive programmer activity, but information technology’s also irksome and occasionally buggy. Cardano has great code but its development process, while methodical, is quite tedious.

Then in that location is Tron (TRX), which promises high speeds and an easier UX. Tron smart contracts tin be written in Java instead of merely in a proprietary language like Solidity (used past Ethereum).

TRX prices are withal low but crypto equally a whole is growing fast. In that location is new involvement from investors, and valuations may rise apace in 2020 and beyond.

In this commodity, nosotros’ll explain how to buy Tron, whether you lot want to substitution other cryptocurrencies for it or purchase it straight with authorities currencies like USD. Finally, if you want to learn more about the Tron platform itself you can read this useful guide that we’ve put together to explicate all of the basics.

In this article



    How to Buy Tron with Crypto (BTC, ETH, etc.)

    While it’south possible to use a big exchange to catechumen your crypto holdings into Tron, there are definitely a few benefits to using the Exodus wallet.

    • With Exodus the crypto stays right in your wallet, where it belongs. Yous don’t take to transport it to a big exchange and adventure losing it to a hack
    • In that location is no KYC so yous can finer merchandise without giving up all of your personal data. That’s a huge plus, particularly given how often user information is stolen
    • You can utilise the Exodus mobile app, for Android or Apple tree, to commutation cryptocurrency directly from your phone

    Then if you’d similar to go some Tron using the Exodus wallet, hither is how y’all can practise and then (for Exodus mobile app instructions, meet our mobile exchange guide).

    1. Download and install the Exodus Tron wallet
    2. Open Exodus and select the cryptocurrency that you lot’d like to deposit. If you lot don’t see your cryptocurrency listed, you can click on

      Add More

      at the bottom of the wallet
    3. Click on

      Receive
      . Exodus wallet will display an address that y’all can send your cryptocurrency to
    4. Once the transaction finalizes you can click on the 2 arrows to the right of

      Receive
      . This will take y’all to the exchange page. Alternatively, yous can also click on the substitution arrows at the top of the Exodus wallet app

    5. On the exchange page select Tron and and then decide how much TRX yous’d like to buy. One time you’ve entered that information you tin click on

    Commutation

    at the bottom of your wallet

    how to buy tron with crypto

    That’south information technology! The substitution will begin and you’ll accept the Tron in your Exodus wallet presently. The exchange fourth dimension will vary depending on which cryptocurrency you’ve exchanged. For instance, BTC and ETH are slower to exchange while XRP and XLM are faster.


    How to Purchase Tron with USD

    If you don’t take any crypto and would rather purchase Tron directly with dollars this is also a possibility. Kraken has a TRX/USD pairing that will allow you to invest in Tron with dollars.

    Unfortunately, Kraken does not back up debit or credit card purchases and so you lot’ll need to deposit dollars either using a FedWire or SWIFT payment. Kraken besides doesn’t allow residents of New York country, U.s.a. to use their platform due to burdensome regulations.

    One downside of using USD to buy TRX directly is that liquidity is very low on Kraken, often less than $100,000 in trading book a twenty-four hour period. That’due south fine for small orders only for larger orders information technology’s meliorate to buy Bitcoin and and so substitution it for TRX.


    How to Purchase Tron with Credit Bill of fare

    Want to purchase Tron using a credit card?

    Coinswitch lets you do so with US dollars, euros, and Japanese yen!


    Tron Toll

    Like many cryptocurrencies, the toll of Tron has appreciated significantly over the years.

    If yous’d like to go on track of TRX prices Exodus has a great chart view. You can select unlike timeframes, discover what the trading volume is and check out the one year high and low prices for Tron.


    Determination

    If you’re looking to buy Tron at present might exist a expert time to do so. Crypto has just endured an extended bear marketplace and is ready to examination all time highs again. In that location is the Bitcoin halving, the massive increase in crypto users, the hundreds of millions of dollars that go on to flow into the blockchain space, and Tron 4.0!

    Source: https://www.exodus.com/news/how-to-buy-tron/

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