What is TRON (TRX)? How to buy, sell and trade TRX coins? Detailed tutorial

TRX Coin Introduction: Tron Coin (TRX) is a decentralized digital currency designed to create an efficient and low-cost platform for distributed applications (dApps). Buy, Sell and Trade TRX Coin: Buy: Buy via cryptocurrency exchanges or P2P platforms. Sell: Sell via a cryptocurrency exchange or P2P platform. Trading: Spot or contract trading on cryptocurrency exchanges.

What is TRON (TRX)

Tron (TRX) is a decentralized digital currency designed to create an efficient and low-cost platform for distributed applications (dApps). The platform was founded by Justin Sun in 2017 and aims to solve problems in the entertainment industry through blockchain technology.

How to buy, sell and trade TRX Coin

Buy TRX Coin

• Use a Cryptocurrency Exchange: Sign up with a reputable cryptocurrency exchange like Binance or Huobi and transfer money via bank transfer or Purchase TRX coins with a credit card.
• Use a P2P trading platform: This allows you to buy and sell TRX coins directly with other individuals, minus exchange fees.

Sell TRX Coins

• Using Cryptocurrency Exchanges: Sell TRX Coins for other cryptocurrencies or fiat currencies on the same exchange.
• Use a P2P trading platform: Similarly, you can sell TRX coins on a P2P platform and receive fiat currency or other cryptocurrencies.

Trade TRX Coin

Trading TRX Coin is usually done on cryptocurrency exchanges:

• Spot Trading: Buy and sell TRX Coin instantly at market price.
• Contract Trading: Use leverage to speculate on the price of TRX coins.

Detailed Tutorial

Buy TRX Coin:

1. Register with a cryptocurrency exchange.
2. Verify your identity.
3. Buy TRX coins using bank transfer or credit card.
4. Transfer TRX coins to your personal wallet.

Sell TRX Coins:

1. Log in to a cryptocurrency exchange or P2P platform.
2. Select the "Sell" option.
3. Enter the quantity and price of TRX coins you want to sell.
4. Confirm the transaction and wait for the buyer.

Trade TRX Coin:

1. Log in to a cryptocurrency exchange.
2. Select the "Trade" option.
3. Select a TRX coin trading pair (such as TRX/USDT).
4. Enter the amount of TRX coins you want to buy or sell.
5. Confirm the transaction and wait for execution.

TRON (TRX) Price Change Overview

As of 14:00 on July 31, 2024, the current price of TRON (TRX) is $0.13, with a 24-hour trading volume of $291 million. Its price fell by 4.36% in the last 24 hours.

Reasons for price changes

Factors affecting TRX price changes include:

• Market Sentiment: The cryptocurrency market is sensitive to macroeconomic conditions, and the recent market sentiment has been depressed, which has affected the price of TRX.
• Whale Trading: The trading activity of investors (“whales”) holding large amounts of TRX can move the price significantly.
• Regulatory uncertainty: Regulatory uncertainty in the cryptocurrency industry may also hinder investor confidence.

Future Price Trend Analysis

TRX’s future price trend is highly uncertain, but some indicators suggest it may rise:

• Infrastructure Development: TRON is developing its blockchain infrastructure, which may attract More users and developers.
• Partnerships: TRON’s cooperation with other blockchain projects can expand its ecosystem.
• Ecosystem Growth: TRX’s ecosystem is growing, including DeFi applications and gaming platforms.

Recommended Action

Before making an investment decision, it is important to carefully research and consider your risk tolerance. Based on current information, there may be room for upside in TRX’s future price performance.

Short-term trend forecast

In the short term, TRX may face pressure, but as technical indicators improve, a small rebound is also possible.

Indicator

• Price: $0.13
• 24-hour trading volume: $291 million
• Price change (24 hours): -4.36%
• Circulation volume: 87045999376.691 TRX
• Circulation market capitalization: 114. $5.4 billion

The above is the detailed content of What is TRON (TRX)? How to buy, sell and trade TRX coins? Detailed tutorial. For more information, please follow other related articles on the PHP Chinese website!