Exchange Review

How to buy Tron (TRX) in Australia

Summary: The best way to buy Tron (TRX) in Australia is through the CoinSpot cryptocurrency exchange. They offer fast AUD deposits, low fees, and a Tron staking feature that allows users to earn up to 5.9% interest on TRX deposits.

Timothy Wilson
August 13, 2022

Tron (TRX) is one of the most popular Layer 1 protocols for decentralised finance with over $1 billion in value locked on their network. Their platform allows application developers to deploy solidity-based apps for DeFi and GameFi with high throughput and low transaction costs.

In this guide, we will outline the best way to buy the Tron (TRX) token in Australia and stake it to earn revenue from platform fees.

Table of Contents

How to buy Tron (TRX) in Australia

The easiest way to buy Tron (TRX) crypto in Australia is through a trusted and AUSTRAC-regulated exchange in the country. We recommend CoinSpot because they offer low fees, cheap and quick AUD deposits, and the ability to stake and earn interest on TRX tokens.

You can follow this simple guide to buy Tron (TRX) in Australia:

  1. Create Account: Sign up to the CoinSpot Australia platform.
  2. Deposit Australian Dollars: Select the 'Deposit Funds' button and deposit AUD via Bank Transfer, POLi, PayID, Osko, Cash or BPAY.
  3. Find Tron (TRX): Once the AUD hits your account, search for Tron (TRX) on CoinSpot's token list.
  4. Execute Trade: Input the AUD amount you want to invest in Tron and exeucte your transaction.
Searching the CoinSpot token lists to find and buy Tron (TRX).

How to stake Tron (TRX)

When you complete your purchase of TRX tokens on CoinSpot, you can then stake them to earn up to 5.9% in annual interest. All you need to do is find your Tron (TRX) wallet on CoinSpot, then select the 'Earn' button on the left side of your screen.

From that point, simply enter the amount of Tron (TRX) you want to stake and your rewards will be paid into your account daily. You can unstake your TRX at any time.

Staking TRX in my TRON wallet on CoinSpot to earn 5.9% APY.

Tron (TRX) Price AUD

The chart below is the live price of Tron (TRX) in Australian Dollars (AUD).

What is Tron (TRX)?

Tron (TRX) is a decentralized entertainment and content-sharing platform that uses blockchain and peer-to-peer (P2P) technology. It enables users to store and share digital content in a decentralized manner. The Tron Protocol, one of the largest blockchain protocols in the world, offers scalable, high-availability, and high-throughput support that underlies all the decentralized applications (DApps) in the Tron ecosystem.

Tron TRX ecosystem

TRX, Tron’s native cryptocurrency, is used to incentivize content creators and developers on the network.

The Tron Foundation was founded in 2017 by Justin Sun, a Chinese entrepreneur. The foundation is based in Singapore. Sun also founded Peiwo, a China-based social media application that has over 10 million users. In 2018, Tron acquired BitTorrent, a leading P2P file-sharing protocol with over 170 million active users.

Buy Tron (TRX)

Author Bio

Timothy Wilson was a former Prop Trader for a notable crypto trading fund based in Hong-Kong. He built BCA after deciding he wanted to focus his career on educating new users about Crypto and DeFi.

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