TRON

Investing.com
Currency in
USD
0.233708
+0.009221(+4.11%)
Real-time Data
Day's Range
0.2310910.234512
52 wk Range
0.1050390.443120
Bid/Ask
-
Vol (24H)
804.47M
Market Cap
20.17B
Day's Range
0.231091-0.234512
52 wk Range
0.105039-0.44312
Max Supply
-
Circulating Supply
TRX86.11B
Rank
10
Technical
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Sell
Daily
Weekly
Monthly
More
Type:Currency
Group:Minor
Base:TRON
Second:US Dollar
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FAQ

How To Buy Tron Coin (TRX)

To buy Tron (TRX), start by selecting a cryptocurrency exchange that supports Tron, such as Binance, Kraken, or KuCoin, ensuring the platform is reputable and accessible in your region. Create an account on the chosen exchange and complete any required identity verification (KYC).

Next, fund your account by depositing fiat currency (e.g., GBP, USD, EUR) via bank transfer, debit/credit card, or other payment methods supported by the platform. Once your account is funded, search for Tron (TRX) and select the appropriate trading pair, such as TRX/USD, TRX/EUR, or TRX/BTC. Decide how much TRX you want to buy and place your order. You can choose a market order to purchase at the current price or a limit order to set a specific price.

After completing your purchase, you can store your Tron in the exchange wallet for trading or transfer it to a private wallet, such as TronLink or a hardware wallet, for enhanced security. Always review the platform's fees and security features before buying and consider using a personal wallet for long-term storage.

What Is Tron Coin (TRX)?

Tron (TRX) is the native cryptocurrency of the Tron blockchain, a decentralised platform designed to facilitate the creation and sharing of digital content and decentralised applications (dApps). Tron aims to revolutionise the entertainment and content creation industries by eliminating intermediaries and giving creators direct control over their work. This is achieved by allowing users to publish, store, and monetise content on a decentralised network.

The Tron blockchain is capable of handling thousands of transactions per second with minimal fees, making it efficient for developers and users. Its consensus mechanism, Delegated Proof of Stake (DPoS), ensures faster transactions and energy efficiency compared to traditional systems like Proof of Work (PoW). TRX is used for a variety of purposes within the Tron ecosystem, including paying for transaction fees, staking, and interacting with dApps.

Over the years, Tron has become one of the most prominent blockchain networks, hosting various decentralised applications, smart contracts, and tokens, while its TRX token is widely traded on global cryptocurrency exchanges.

When Was Tron Coin (TRX) Created?

Tron was founded in 2017 by a Singapore non-government organisation called the Tron Foundation. This was through the efforts of Justin Sun, a pro-blockchain enthusiast who previously served in the capacity of Ripple Labs’ chief representative in the Greater China region.

How Does Tron Coin Work?

Tron (TRX) operates as a decentralised platform designed to revolutionise the way digital content is shared and monetised. Built on blockchain technology but offering the same functionalities as the popular dApp facilitator Ethereum, Tron enables content creators to directly distribute their work to consumers without relying on intermediaries like streaming platforms or app stores. This direct connection reduces costs and gives creators more control over their earnings.

The Tron network uses a delegated proof-of-stake (DPoS) consensus mechanism to validate transactions and secure the network. In this system, TRX holders can vote for Super Representatives (SRs) who produce blocks and validate transactions, ensuring the platform remains fast and scalable. Transactions on Tron are quick and cost-effective, making it an attractive choice for developers and users.

Development teams can build DeFi-facing protocols and launch NFT projects on Tron. To build on Tron, teams need to have the required amount of bandwidth, CPU, storage, and RAM. They also need to lock their Tron token, otherwise known as TRX, to get the necessary bandwidth and energy to validate transactions on the network. Likewise, the locked TRX serves as collateral and can be slashed if a validator turns out to be a bad actor. When transactions are done, the bandwidth is consumed, while the smart contracts consume the energy resource. Eventually, both bandwidth and energy are recovered after 24 hours.

How Can Tron (TRX) Be Used?

Tron (TRX) has several practical uses, primarily focused on decentralised applications (dApps), digital content sharing, and blockchain transactions.

Content creators can use TRX to monetise their work directly, bypassing traditional intermediaries like app stores or streaming platforms. Consumers, in turn, can use TRX to pay creators directly, enabling a decentralised and cost-effective content economy. Additionally, TRX is often used in decentralised finance (DeFi) applications on Tron, such as lending, staking, or liquidity provision, offering users opportunities to earn rewards or participate in governance.

Outside the Tron ecosystem, TRX can also be traded on major cryptocurrency exchanges, used for cross-border payments, or stored as a digital asset.

How Do Tron (TRX) Transactions Work?

Tron (TRX) transactions are designed to be fast, cost-effective, and secure, utilising the blockchain’s Delegated Proof of Stake (DPoS) consensus mechanism. When a user initiates a transaction, such as transferring TRX or interacting with a decentralised application (dApp), the transaction details are grouped into a block. These blocks are validated by Super Representatives (SRs)—trusted nodes elected by TRX holders.

Once the SRs verify the transaction, it is added to the blockchain, making it immutable and publicly visible. Tron’s architecture enables high throughput, processing up to 2,000 transactions per second, with minimal transaction fees—often costing less than a fraction of a cent. This makes it ideal for use cases like microtransactions, content payments, and decentralised finance (DeFi).

Users can further utilise bandwidth and energy points, allocated to them based on the amount of TRX they have staked, to process transactions without incurring fees. This system ensures affordability and incentivises staking, contributing to the overall security and efficiency of the Tron network.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
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