What is TRX
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What is TRX?
TRX is a ticker for a cryptocurrency created on the TRON blockchain in 2015. The main difference between this crypt and any other is huge, by the blockchain standards, transaction processing speed. While Bitcoin can barely handle six transactions per second, TRON easily handles 2000. This makes blockchain much more attractive for applications outside of crypto trading and investing.
TRON’s creators have no secret of their plans to decentralize the digital entertainment industry. Blockchain provides content creators and gamers with direct access to viewers and fans, eliminating the need for an intermediary and increasing their earnings. Decentralization of file sharing, the launch of cryptocurrencies by content creators, and smart contracts are all part of the plans of the TRX developers.
TRX Coin Price Changes
Despite all the advantages of TRON over other blockchains, the cryptocurrency is not among the top ten most popular tokens on the market. The coin is ranked 26th with a market share of 0.35%. At the same time, the maximum volume of TRX tokens is set at 100 billion, of which about 70% is in circulation. And only 55% of tokens have been distributed to investors since the launch of the cryptocurrency.
The token price dropped to 1 cent, and at its peak, the value of 1 TRX reached 20 cents (in 2018). Like many cryptocurrencies, TRON’s price got a boost in mid-2021. The course towards Bitcoin has been more stable in recent years, and TRX has occasionally taken off.
What are the prospects for TRX Coin?
With an active community of content creators with whom TRON developers have partnered, TRX cryptocurrency is gaining traction. The TRON team does not hide its plans for the further development of the blockchain and offers real benefits for ordinary users and active creators. Due to the huge support, the cryptocurrency holds its position and increases its presence in the market.
While it is impossible to predict the future value of TRX, this cryptocurrency is unlikely to sink into oblivion in the coming years, unlike dozens of fly-by-night tokens. With the growing popularity of digital content and distributed data storage, TRON’s popularity will continue to grow, and cryptocurrency may also grow stronger.
How do I buy TRX?
To buy TRX, you need a cryptocurrency wallet and a little time. To purchase fiat currency, you will have to go through the identification procedure (KYC), but you can exchange another token for TRON without the need to disclose your data. It is enough to carry out a quick swap through the exchange function on WhiteBIT.
You will need to enter the profile on the exchange, hover the cursor over the “Trade” section and select “Exchange” in the drop-down list. You need to indicate the desired pair of tokens and the amount you give or want to receive. The system will automatically calculate the rest of the values, considering the commission and the rate. After the transaction is confirmed, TRX tokens will be credited to the account within a few minutes, although you may have to wait a little longer.
Also, you can buy a token on our P2P platform Bitcoin Global and, by activating the WhiteBIT code, you can see it on your balance on the exchange.
FAQ
The easiest way is to make a quick exchange. To do this, you need to go to the WhiteBIT exchange interface and indicate how much TRX you want to sell or how much BTC you want to receive. If there is a sufficient amount in the system, the exchange will take several minutes to confirm the transaction.
The main limitation in the exchange is the amount of the desired currency in the platform's turnover. If there are not enough funds, you can cancel the exchange or make an exchange for the available amount. Remember that the exchange is carried out at the current rate and taking into account the commission.
Despite TRON's technical superiority and the associated advantages, the price of the cryptocurrency does not standstill. You can track the current changes in the TRX / BTC price using the spot or margin trading interface.
