How to buy TRX Using ETH
Whether you have ever seen Binance or not, you will find the video tutorial useful in buying Tron (TRX) using your Ethereum (ETH) using the Binance exchange online. With the number of altcoins you can purchase with your Bitcoin, Bitcoin Cash, Ethereum, and Litecoin on Binance I feel that they are a superior website to others that offer very little altcoins on their platforms.
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Once you have your accounts setup, and your ETH cryptocurrency in ETH wallet on Binance, you will then be able to buy TRX using your ETH. In the upper left-hand corner of the screen you will hover over the “Exchange” tab, and then click on “Advanced” from the dropdown menu. Doing so will take you to Binance’s exchange where you can see a variety of information at your fingertips and where the current market is.
You will likely be directed by default to BTC (Bitcoin) as the main cryptocurrency which will need to be changed in order to buy TRX. In the upper right-hand corner of the screen, right next to your account you will see a cryptocurrency pair with a small downward pointing arrow on the right-side of the cryptocurrency pair. Click the arrow to drop down a menu that shows all the main cryptocurrencies you can buy/sell. Click on the ETH tab from the main cryptocurreny list to display all of the altcoins that you will be able to purchase using your ETH. By default, the altcoins with the highest trading volume will be displayed first, and as this article is being written TRX is the highest volume altcoin being traded so it should appear first in the list of cryptocurrency pairs. Click on TRX/ETH from the list and then you will see the TRX statistics displayed on the screen (See image below for reference).
Placing Your Buy Order For TRX
In the lower right-hand corner of the screen you will see a green colored “buy” button and a pink colored “sell” button. As the names of the buttons suggest, this is where you will either buy or sell your TRX. There are 3 different ways you can buy or sell cryptocurrencies: Limit, Market, and Stop Limit. By default, the limit option is the one that is selected. If you would like to quickly purchase TRX using your ETH, the easiest way to do this is to select the market tab, and then immediately above the buy button choose either 25%, 50%, 75%, or 100% and click buy. The order will almost instantaneously be fulfilled and you will now own TRX. Because you are buying TRX using ETH, if you use the 25%, 50%, 75%, or 100% quick buttons to buy then this percentage of your ETH is what will be used to buy as much TRX as it will buy at that time. (As an example, if you choose the quick 25% button, then 25% of your ETH will be used to buy however much TRX you can buy with 25% of your ETH).
If you use the limit tab to purchase TRX, then your order will remain in the “open orders” area until the price reaches the price you’ve indicated you’re willing to spend on your TRX. If the price never reaches what you’re willing to spend, then your order will remain as an open order and will not be fulfilled. If you currently have an open order for TRX, then you will not have access to the funds you will use to buy TRX with until you cancel that open order. Because cryptocurrencies and altcoins pricing is constantly fluctuating up and down, you might find that using the limit tab will prolong the order period where as the market tab will get you in the order almost instantaneously. If you are a day trader, limit ordering is probably your preferred method of buying or selling TRX, whereas if you are going to be a long term investor using the market tab is likely the preferred method because you are not necessarily as concerned about minuscule changes in the market at the time you plan to buy or sell.
Viewing Your Newly Purchased TRX
Once you’ve bought TRX you will be able to view how much TRX you own in a couple of different ways. The first way to view your newly purchased TRX is right within the buy/sell box that you just used to purchase your TRX. In the upper right-hand corner above the sell side you will see the total amount of TRX you own. In the image you will see that I own 707 TRX approximately. This is the amount of TRX that I have the ability to sell if I choose to sell. If I choose to sell my TRX I can select the quick boxes above the sell button to select 25%, 50%, 75%, or 100% of my TRX to sell rather than needing to enter in an exact amount I wish to sell.
An alternative way to view your TRX owned is to visit your wallets in Binance. If you choose to view your TRX using this method you will be able to see an overview of all the cryptocurrencies and altcoins you own rather than just TRX alone. To navigate to the appropriate location within Binance, hover over the “funds” tab and then click on “deposits withdrawals” from the drop down menu (see image below):
Once you click on deposits withdrawals you will see a long list of all the cryptocurrencies and altcoins that you can buy and sell from within Binance. To quickly see your ownership of cryptocurrency check the “hide small assets” box right above the list of cryptocurrencies and all of the coins that you have low or no ownership in will disappear and you will be presented with the amount of TRX you currently own (see image below).
In the upper-right hand side of the window you will see a section that says “Estimated Value” which is an estimate in your accounts value represented in BTC (Bitcoins) because this is the standard that all cryptocurrencies base value on currently. After the BTC estimated value you will see an account value in terms of US Dollars so you can quickly see what your account is worth in a currency that you are familiar with (USD). This will update usually every time you refresh your page because the price of the cryptocurrencies is fluctuating constantly therefore increasing and decreasing the value of what you own continually. My value is blacked-out for privacy reasons, so this is why you don’t see the numbers listed in this area on the screenshot above.
I sincerely hope that you found the information on this webpage useful in helping you to buy TRX using your ETH on the Binance exchange, and that you are now the proud owner of some TRX. I do not personally recommend that anyone buy or sell cryptocurrencies as this is a volatile market and you could lose the money invested. If you do plan to invest in TRX please do research outside this website to determine if this is an investment that you would like to make, and only invest money that you can afford to lose.