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:
- Create Account: Sign up to the CoinSpot Australia platform.
- Deposit Australian Dollars: Select the 'Deposit Funds' button and deposit AUD via Bank Transfer, POLi, PayID, Osko, Cash or BPAY.
- Find Tron (TRX): Once the AUD hits your account, search for Tron (TRX) on CoinSpot's token list.
- Execute Trade: Input the AUD amount you want to invest in Tron and exeucte your transaction.
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. CoinSpot currently offers a significantly higher yield for Tron staking than competitors in Australia by an average of 1%.
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.
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.