How and Where To Buy TRON (TRX) Coin in Canada 2022

If you are looking to buy TRON tokens in Canada, you will find that it is not supported by many of the popular crypto exchanges.

Whether you are building decentralized applications (dApps) or distributing content as an artist, the TRON operating system has some real use cases.

And its native cryptocurrency, Tronix or TRX was trading at $0.06999 as of this writing.

This article covers how and where to buy TRON in Canada, the best TRON wallets, and whether TRON is a good investment.

What is TRON?

TRON is a blockchain-based platform that supports smart contracts and the creation of decentralized applications (dApps) and cryptocurrencies.

It was founded by Justin Sun in 2017, and launched by the Tron Foundation.

TRON is focused on decentralizing content sharing in the gaming and entertainment industry by hosting a global entertainment system where content creators can share digital content cost-effectively and launch entertainment applications and cryptocurrencies.

The TRON network uses a delegated proof-of-stake mechanism that relies on 27 super representatives picked through a vote of TRX holders to validate transactions and create new blocks. 

The TRON blockchain claims that it can handle over 10,000 transactions per second with no transaction fees, making it attractive for smart contracts and DApps.

TRONIX (TRX) is the network’s native governance token to cover transaction fees and facilitate payments on the platform.

Users can stake their TRX tokens to power transactions.

How To Buy TRON in Canada

To buy TRON, you will need to open an account with a cryptocurrency exchange or broker that supports it.

Fund your account with Canadian dollars using Interac e-Transfer, bank wire, debit card, or deposit cryptocurrency from an external wallet.

You can now place a ‘buy’ order for TRON and either leave it on the exchange or move it offline to hardware (such as Ledger Nano X).

How and Where To Buy TRON (TRX) Coin in Canada

Best Crypto Exchanges To Buy TRON in Canada

The best places to buy TRON in Canada are:

1. Newton

The Newton Crypto Exchange is the place to go when you are looking to buy hard-to-find tokens like Tronix (TRX).

It supports about 70 coins including Tron, Storj, Elrond, Celo, dYdX, Loopring, Ankr, Shiba Inu, Amp, MANA, The Graph, The Sandbox, and more.

Instant verification is available to most new customers. After opening your account, you can fund it using Interac e-Transfer, bank wire, or deposit crypto from an external wallet.

There are no fees to withdraw fiat, however, trading fees range between 0.50% and 0.70%.

Newton is available on all devices, and you can learn more about what it offers in this review.

Promotion: Get a $25 cash bonus when you open an account and trade $100 worth of crypto.

2. Binance

You can buy TRON (TRX) on Binance and hundreds of other digital currencies.

Binance also offers TRX-crypto pairs such as TRX/USDT, TRX/USDC, and TRX/BUSD.

While this platform offers some of the lowest trading fees available (0.10% or lower), it is not available in Ontario, after suspending operations there last year.

Learn more about Binance in the review and how to get a further 20% discount on fees.

3. Crypto.com

Crypto.com is an international crypto-exchange available in multiple countries including Canada. It supports 250+ crypto assets including Tron.

You can also use the platform for staking, farming DeFi tokens, leveraged trading, and derivatives.

To make spending your crypto assets easier, Crypto.com offers several crypto credit cards you can get for free after staking CRO coins.

Trading fees vary and can be up to 0.40%.

Promotion: Get a $25 bonus when you stake Crypto.com Coins (CRO) for a metal Visa Card (Ruby card or above).

You can also learn more in this review.

Best TRON (TRX) Wallets in Canada

You can store your Tron (TRX) tokens using the following wallets:

  • Ledger Nano X: This hardware wallet holds over 1,800 coins and tokens. Read review.
  • Ledger Nano S: Easily store TRON and 1,500+ other crypto assets.
  • Software wallets such as ZenGo Wallet free), Atomic Wallet, Trust Wallet, Guarda Wallet, etc.

Is TRON Coin a Good Investment?

In the last year, TRX has ranged in price from $0.02644 to $0.1799. This is much lower than its all-time-high price of $0.3004 on January 5, 2018.

Whether Tron does well in the future will hinge on the overall growth of the crypto industry as well as increased adoption of the TRON blockchain operating system.

How To Buy Tron in Canada FAQ

Where can I buy Tron coins?

Tron is available for purchase on Newton, Crypto.com, and Binance.

Can I buy Tron (TRX) on Coinbase?

No, Tron is not sold on Coinbase.

Related

Disclaimer: Cryptocurrency is a volatile and speculative investment. If you decide to invest, we recommend you do your own research and only commit funds you can afford to lose. The author may own one or more of the crypto assets mentioned in this article.

How and Where To Buy TRON (TRX) Coin in Canada 2022

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Author

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Enoch Omololu

Enoch Omololu is a personal finance expert and a veterinarian. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course. He also has an MSc. in Agricultural Economics from the University of Manitoba and a Doctor of Veterinary Medicine degree from the University of Ibadan. Enoch has a passion for helping others win with their personal finances and has been writing about money matters for over a decade. He has been featured or quoted in The Globe and Mail, Winnipeg Free Press, Wealthsimple, Financial Post, Toronto Star, CTV News, Canadian Securities Exchange, Credit Canada, National Post, CIBC, and many other personal finance publications.

His top investment tools include Wealthsimple and Questrade. He earns cash back on purchases using KOHO, monitors his credit score for free using Borrowell, and earns interest on savings through EQ Bank.

1 thought on “How and Where To Buy TRON (TRX) Coin in Canada 2022”

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