Tron, a cryptocurrency which never existed same time last year got popular very quickly. At the time of writing this article, it is the 15th largest cryptocurrency with a market cap of $2.2 Billion. Tron has enjoyed some success because of the partnerships they were able to form with multiple companies very quickly in their early stages. At its peak, it was priced at $0.26 for each token with a market cap of $16.7 Billion.
Tron was created in September 2017 to create content entertainment system around the world without middlemen. Creators will be able to create, distribute digital content and get all the profits. There is no censorship, and the platform has fair compensation because it runs on a Blockchain.
Tron is in its early days and is not usable yet. The test net was launched last week, and the main net is scheduled to be launched on May 31st. It will be a while before we see Tron being used to its maximum capacity. However, that has not stopped investors from investing in it. Tron has been one of the hottest ICO for the past few months.
In fact, when a popular Indian Exchange Koinex polled users asking which Crypto they wanted the most to be on their exchange, Tron was leading by a huge margin getting more than 75% of the votes while competing against other notable cryptocurrencies like Stellar, Nano, Kyber Network, and EOS.
There’s much demand to buy Tron in India, and there are multiple ways to do it.
Buying Tron on Koinex
Koinex is the largest Indian exchange which accepts INR deposits for Tron. Sign up to Koinex and do the KYC Process. Once your account has been verified, you will be able to deposit INR. The whole process should take 2-3 days. Once the money reflects on your account, you will be able to place an order on Koinex which will be fulfilled when there’s a sell order for your asking price.
Buying Tron from BitBns
BitBns is a relatively new exchange when compared to Koinex. However, that has not stopped them from listing multiple new Cryptocurrencies, which includes Tron. The process of buying Tron on BitBns is similar to Koinex. You will have to go through the KYC Process, deposit money and then place your order. The process of buying is the same on both Koinex and BitBns. If we had to choose one exchange, at this time, we would recommend Koinex since it has been around for a longer time.
Buying Tron from Binance
The previous two options were to buy Tron for INR. However, both Koinex and BitBns are required to do the lengthy KYC process which takes time. Binance is an international exchange where you can buy cryptocurrencies for Bitcoin, Ethereum and Binance Coin. Also, since it is not based out of India, they do not have a difficult KYC process. You can deposit BTC or ETH and immediately start trading. The KYC is required only when your account value is more than 2BTC, and even then, the verification only takes a few minutes.
These are just some of the places we can buy Tron in India. For regular updates and Tron Price analysis, make sure you follow us.