Most of TRON’s trades happen between Binance and Liqui. It is also accepted by other leading exchanges in the market such as Coinbase, Huobi, Bittrex, OKEX, Kraken, and Kucoin. TRX, the cryptocurrency for the TRON network is either exchanged for Bitcoin or Ethereum, or Tether. TRX is highly scalable, has a reasonable reward distribution mechanism, and possesses more throughput.
TRON can process around 2000 transactions per second and has a very low transaction fee. It is currently priced at $0.026 and has the 15th largest market capitalization in the industry. It has a variety of applications as it can be used in virtual machines, smart contracts, DApps, digital wallets, blockchain explorers, and decentralized exchanges.
Most of the exchanges have a fixed exchange rate and there is no maximum limit imposed on conversion. They also offer leverage trading facilities where traders can take short or long positions on cryptocurrencies. The data and funds of users will be encrypted using private keys.
The crypto exchanges have sufficient liquidity and accept multiple modes of payments. Every trader will undergo an extensive account verification process along with KYC and AML norms. Identification verification is mandatory when traders need to withdraw their fiat funds or increase their payment limits.
They also offer real-time charts and graphs depicting the changes in prices and market movements for better decision-making and provide 24x7 technical support in multiple languages. Promotional campaigns are run to encourage people to invest by giving discounts, cashback, and airdrops.
Traders can secure their funds by using a TRON-supported wallet which will allow them to send, receive, and store TRX using a TRON address or a scannable QR code. They can also opt for a hardware wallet like Ledger instead.
TRX can be bought by traders as a part of their long-term portfolio strategy or for raising money to start a new crypto project or it can also be staked to earn more cryptocurrency. TRX can be purchased and used to play TRON-based games or applications too.
TRON has attracted a strong global investor base with its bold vision of decentralizing the Internet.