Buy Tron (TRX)

Follow the steps below to easily and securely buy Tron.

You can securely store your Tron in your Finst wallet. Some cryptocurrencies also support external wallets, allowing you to send your crypto to your own wallet if desired. We use state-of-the-art security measures to keep you and your crypto safe.

We work with Fireblocks, one of the most trusted crypto security infrastructure providers, to safely store your Tron. They make use of Multi-Party Computation (MPC) technology which is an advanced cryptographic technology used to protect your digital assets.

Additionally, Finst is the first and only Dutch crypto platform that has successfully conducted an extensive Proof of Reserves (PoR) audit. With Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, at Finst, you can easily buy Tron with iDEAL. We also support popular payment methods like SEPA and Bancontact.

At Finst, you can start investing in Tron with as little as €1. For many coins, it is not necessary to buy a whole coin.

Yes, it is safe to buy Tron through Finst. We are registered as a Crypto Service Provider (no. R189158) with the Dutch Central Bank (DNB), and we are the first and only Dutch crypto platform that successfully obtained a Proof of Reserves (PoR) from an independent and reputable audit firm (Audit Now). At Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, buying Tron is legal in Europe. However, we advise you to do your own research before making a purchase.

Investing in cryptocurrencies like Tron involves risks of losses. You can lose (part of) your deposit. Before you decide to buy Tron, it is important to understand the risks.

Volatility: The price of Tron can fluctuate significantly. This means that its value can rise and fall quickly.

No guaranteed profit: Previous price increases do not guarantee future returns. Therefore, only invest money that you can afford to lose.

External factors: The price of Tron is influenced by external factors, such as economic conditions and the actions of influential individuals, governments, and institutions. These factors can have a positive or negative impact on the price.

When you buy Tron through Finst, you benefit from the most competitive trading fees of 0,15% per transaction.

Any fees you may encounter when trading crypto are clearly shown for every transaction on our platform.

It's important to note that network fees are outside of our control, as they are determined by the blockchain networks themselves.

This means that while network fees may vary depending on the blockchain and current demand, our trading fee remains consistent, helping you better manage your transaction costs.

No, due to laws and regulations, it is not possible to buy Tron or other cryptocurrencies anonymously on a regulated crypto platform in Europe.

Yes, you can send your Tron to an external wallet. With Finst, you can easily send your Tron to a hardware or a software wallet.

Yes, you can store Tron (TRX) on hardware wallets such as Ledger or Trezor.

Tron is a network that uses blockchain technology to enable fast and cheap transactions without the intervention of a third party. Tron aims to create a global system for content and digital entertainment. In practice, the platform wants to remove intermediaries within the content industry, so that content creators can make more money and communicate directly with their audience.

Developers can create smart contracts and build decentralized apps (dApps) on the network. Applications that can be built include DeFi projects, social media platforms and gaming platforms.

The Tron platform is very fast. Thanks to the efficient and scalable Delegated Proof-of-Stake (DPoS) system, it can process up to 2,000 transactions per second. This makes the Tron network a lot faster than Bitcoin, which can process about 5-7 transactions per second.

Tron uses its own blockchain, where transactions are validated and stored by various nodes. The network uses the Delegated Proof-of-Stake (DPoS) consensus algorithm. This means that participants can stake their TRX tokens to add new blocks to the blockchain. This makes it similar to the traditional Proof-of-Stake (PoS) that other blockchains such as Ethereum use.

The difference comes down to the way participants validate transactions. In PoS, validators are chosen based on the number of coins they have staked, while in DPoS participants can vote for a validator (also called a Super Representative) who is allowed to add a block to the blockchain. This ensures that the addition of new blocks is more scalable, because with DPoS only a number of validators validate transactions, while with PoS thousands of validators must communicate with each other to reach consensus.

The disadvantage of this is that the network is less decentralized than with PoS, since large validators are more likely to be chosen more often than smaller players within the network.

In addition to DPoS, the network has developed several important applications in recent years:

Tron Applications

- Smart contracts: Tron supports the creation and execution of smart contracts. With a smart contract, transactions can be executed automatically when certain conditions are met.

- dApps: Developers can build decentralized applications (dApps) on top of the Tron blockchain. These dApps can be applications for gaming, DeFi (such as JustSwap), social media and content platforms.

- Executing transactions with TRX: Users can use TRX to send TRX, TRC-20 and TRC-721 tokens (NFTs) to other Tron wallets at a low cost and high speed. In addition, payments and smart contracts can be executed on dApps.

- Staking: Thanks to DPoS, users can stake TRX tokens to contribute to the security of the network and its governance. In exchange, they receive TRX tokens as a reward.

- Tron Virtual Machine (TVM): The execution of smart contracts on the network is made possible by the Tron Virtual Machine (TVM). This is compatible with Ethereum's Virtual Machine, allowing developers to easily migrate dApps from Ethereum to Tron.

- Content creation and distribution: Users can create and distribute digital content in a decentralized manner. This means that content creators can promote their work directly to their audience (such as via BitTorrent) without the intervention of third parties such as streaming services and media companies. This reduces distribution costs and eliminates the need for intermediaries.

In 2017, Chinese entrepreneur Justin Sun founded Tron (TRX). He wanted to create a decentralized platform for content creators, so they could generate income by sharing their content directly, without having to hand over a part of their earnings to third parties such as YouTube and Instagram.

TRX is the cryptocurrency used to carry out transactions on the Tron blockchain. With TRX you pay the transaction costs for sending TRX or other tokens on the chain and executing smart contracts. TRX is also used for staking. By locking up TRX tokens, you help the network process transactions and secure the blockchain. Additionally, staking gives you the right to vote on important decisions within the network.