How to buy Tron on Binance
Binance is likely one of the best locations to purchase TRON TRX.
A Binance account is quick and straightforward to open, and the exchange provides good liquidity. You’ll probably find TRON at the most beneficial value on Binance, and exchange will occur immediately.
Likewise, Binance also lists hundreds of different cryptocurrencies, which means you can easily convert your TRX to a different coin later.
It is widely used by many cryptocurrency exchanges worldwide due to its extensive number of altcoins. Binance’s reputation has grown due to the addition of many new cryptocurrencies.
On Binance withdrawals under 2 BTC per day do not require verification, and the exchange provides a mobile app for both iOS and Android devices.
- Cryptocurrency Deposit
The easiest coins to deposit are Bitcoin BTC, 8.55%, and Etherum ETH, 0.73%.
Both exchanges allow you to trade the majority of cryptocurrencies, so they give you lots of flexibility. Bitcoin and Ethereum can be exchanged for TRX on Binance.
In order to make your deposit, go to the navigation bar at the top of the website and click Funds > Deposits.
Search the ticker for the cryptocurrency you want to deposit and select it from the drop-down menu.
The site will give you an address for transferring the cryptocurrency you chose. This string of numbers and letters is something you need to copy to your wallet.
Send the amount you would like to deposit to the Binance mailing address you copied. Usually it takes up to an hour to complete a transaction, so don’t expect your account to be credited right away.
3. Check your Balance
To check your balance, click on Funds > Balances in the top navigation bar and click Hide small assets if you only want to see coins with a balance of over 0.001 BTC.
Those who have already processed their deposits will be notified by the coin number and the current amount.
4. Place a buy order for TRON.
To place an order, go to Exchange > Basic.
For this step, we are assuming you deposited BTC. If you deposited ETH, don’t worry – the process is exactly the same.
On the top right corner, select BTC and search for TRX, which is the ticker for TRON. The TRX/BTC trading pair should appear.
Buy TRX at a specific price using a Limit order by clicking on the pair in the listing. If you want to buy TRX at a specific price, simply use a Buy order.
Enter the price amount of TRX you want to buy and then click the Buy TRX button.
You can purchase TRX at its current price on the Market tab by clicking on the TRX ticker. The amount you purchase should be added to your account almost instantly.
The process of buying TRON on Binance is pretty straightforward. If you come across any issues, hopefully this article helped you.
It’s always important to remember crypto trading is a risky business, so don’t risk more than you are willing to lose. Good luck!