Tron Is Hard to Trade Now, but Its Future is Tantalizing

tron logo

Because Bitcoin investments have had such amazing returns newbie and veteran investors alike are showing great interest in Bitcoin Alternatives such as Stellar, Ethereum and Ripple.

One of the newest virtual currency that is making a big splash on the market these days is Tron (TRX), due to an extraordinary surge in its value last month. It went from under a penny to $0.26 in December alone. So how does Tron differ from Bitcoin, and how can you trade new cryptocurrency?

Tron vs. Bitcoin

Tron is a blockchain currency with its sights set on revolutionizing how we buy and sell digital entertainment media. Like other virtual currencies, Tron’s creation stems from the need to address a specific problem in the digital marketplace that Bitcoin has ignored.

Tron, for example, gives digital content creators a way to exert total control and ownership over the digital media that they create. It does this by giving digital content creators a means to distribute directly to their audience without having to go through a third-party channel.

By cutting out the middleman, digital content creators can distribute their products without having to worry about the fees associated with selling on Google Play or the Apple Store.

Additionally, creators don’t have to worry about having their content removed from these sales platforms due to a conflict with another piece of digital media.

Another significant advantage to using Tron is that it eases international purchases, which can be a significant stumbling block for digital content creators looking to distribute globally.

Because of the versatility and convenience that Tron provides within the digital content ecosystem, investors are flocking to it.

Trading Tron

Unfortunately, like many newly-established Bitcoin alternatives, Tron is not available on Coinbase, the largest exchange platform for cryptocurrencies.

This fact may not change anytime in the foreseeable future because Coinbase has announced that it will not be adding any new currencies at this time.

While the vast majority of TRX exchanges occur on the Binance exchange platform, they have just recently announced they will not be accepting any new members due to a mass influx in membership recently.

Bit-Z, Liqui, Gatecoin, and Coinnest are all alternative platforms where you can trade for TRX coins.

However, it is important to note that all of these sites have limited units of Tron available. So if you’re looking to make a larger investment, it may be best to wait until Binance lifts registration blackout.

Tron is still a relatively new cryptocurrency. Its ability to streamline digital sales and distribution gives it a growth potential that should pique the interest of investors worldwide.

dividend stock investing

Make Money While You Sleep with Dividend Stock Investing

Famed investor Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Dividend stock investing is a exactly

5 Ways to Slash Your Food Spending and Save Money

The average American spends up to 10 percent of their disposable income on food, according do the USDA. Things are likely different due to the coronavirus, but the typical divide

cooking books

Cooking the Books? How to Know When Companies Boost Earnings Artificially

Experienced investors have heard of now-bankrupt companies such as WorldCom and Enron. Both participated in scandalous accounting schemes. Neither company exists today, but each left a trail of losses that

Potential for Triple-Digit Gains in This Strong Tech ETF

When the select sector SPDRs first launched the telecom sector was considered one of the 10 main economic sectors by Standard & Poor’s. However, this was also the time of

airline stocks

A Bet On Airline Stocks Could Pay Off Big

Patience will be required … but good things come to those that wait! The travel industry has been decimated by the restrictions put in place around the world in an

Are We in a Bubble? How to Hedge Your Portfolio Against Steep Sell-offs

Financial bubbles and bursts are difficult to spot and time. Professor Robert J. Shiller's chart of historical S&P 500 price to earnings ratios is a yardstick for U.S. stock market

Analysis: Markets and the Economy Boom Under Democratic Presidents. But Why?

An interesting report caught my eye this past week regarding the economy and markets under Democratic versus Republican presidents. One would intuitively think that under the latter, economic growth and

Options Calls vs. Puts: What’s the Difference?

Options are nothing more than a contract with a specified premium, strike price and expiration date. Unlike buying and selling stocks or funds of stocks, options provide almost an endless

Most Investors Should Just Forget About Alpha

How would you like to have an "edge" in the stock market? The vast majority of investors would love to find one, of course, and many constantly seek advantages to

Expect Another Big Move from Big Lots

Discount retailer Big Lots (BIG) appears to be benefitting from the current economic environment. The company reported earnings on August 28 and it saw earnings per share jump to $2.75

transfer cryptocurrency

How to Safely and Securely Transfer Cryptocurrency

In today’s fourth article in this five-article series, I’d like to introduce you to the often-confusing universe of cryptocurrency addresses. In the first article, I showed you how to get

warren buffett gold

Warren Buffett Bought Gold? Hold Your Horses There…

Warren Buffett, the famed billionaire investor, has changed his thinking on gold and invested in the yellow commodity. Rather, that’s what the media headlines would have you believe. What is