How to Buy TRON at Binance (TRX) - Coin Street

This is a short guide to safely buying TRX (otherwise known as TRON or TRONIX) on the Binance exchange.

What is TRX

Tronix (TRX) is the official currency of TRON.   TRON’s goal is to be a decentralized entertainment content sharing platform.  The ultimate goal is to leverage blockchain and peer-to-peer (p2p) network technology.

TRON has the following features:

  • Data liberation: free and uncontrolled data
  • Enabling content ecosystem where users can obtain digital assets from content spreading
  • Personal ICO with the ability to distribute digital assets
  • Infrastructure to allow distributed digital assets exchange (such as games) and market forecasting.

TRON Token Details

Official Website: TronLab.com
Name:  TRON
Token:   TRX
Total Supply: 100,000,000,000
Circulating Supply: 65,748,192,475

Step 1 – Register at Binance

To buy the token, you first need to sign up at Binance.

First go to Binance.com.

how to buy neo at binance

Next you need to click on the “Create Account” link.

Go ahead and Register at Binance by adding your personal details.

buying neo token at binance exchange

To sign up for Binance you’ll need a valid email address and create a secure password.

Step 2 – Activate Your Binance Account.

You’ll be asked to activate your account before you can log in on Binance.

Go to the email you entered and click on the link sent by Binance to complete the registration process.

guide to buying neo at binance

Step 3 – Log On to Your New Binance Account

Go back to Binance.com and use your new account details to log in.

Step 4 – Fund your Binance Wallet.

Before you can buy your new tokens, you need to have funds in your Binance wallet.

Note that you can’t send fiat currency direct to Binance.  Instead you need to send your favorite crypto (we recommend ETH or LTC due to low transaction costs and fast transfer times).

The easiest way is to buy crypto at Coinbase.com then send it to Binance.

How to Buy Bitcoin at Coinbase

Back at Binance, click the “Funds” link on the top menu bar, then the “Deposits” link on the sub-menu that pops up.

depositing funds to binance

You now need to find the deposit address for the specific type of crypto you are transferring over from Coinbase.

In this example we’re using ETH.

First, search for “ETH” in the search field.

Then click on the “Deposit” button.

deposit eth to binance

Now, copy the ETH Deposit Address and use that as the destination/outward address at your Coinbase account.

deposit address for eth into binance

Wait a few minutes and the crypto (ETH in this case) will be credited to your Binance account.

Step 4: Trade your Ether for TRX tokens.

Click on the ‘Exchange’ link at the top menu, next to the Binance logo.  Then click on the “Basic” option that is displayed on the drop-down sub-menu.

buy neo on binance

Search for the TRX/ETH pair among the list displayed on the page.  Do this by selecting the “ETH” tab and searching for “TRX” in the search box.

buy TRX on binance exchange

Under the TRX/ETH chart, you’ll find the Buy TRX section.

buy TRON on binance exchange

The first box with the Price label displays how much ETH or fraction of ETH you pay to buy each Tronix token.

The second box with the Amount label is where you enter the number of TRX tokens you plan to buy.

You can also use the percentage buttons to indicate what percentage of your funds you want to spend.  Clicking on the 100% button uses all the ETH in your account.  Clicking 50% uses 50% etc.   If you use the percentage buttons, the number of tokens you can buy will be automatically entered into the Amount box.

The Total box shows how much Ether in total you are paying for the transaction. This includes any transaction fees by Binance.

Ready to buy?

Go ahead and Click on the “BUY TRX” button.

Are you new to Bitcoin?  For a limited time only, you can grab our Bitcoin for Beginners course for absolutely free.  You can get access right here.

 

Important Notice

This content for educational purposes only and should not be considered investment advice or a trading recommendation.    Buying any cryptocurrency involves a lot of risk.    The cryptocurrency market is highly volatile and any money you invest is at your own risk. TL:DR – crypto is risky, don’t spend money you can’t afford to lose. Now would be a great time to read our full Terms of Use and our Affiliate Disclosure.

 

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