How to buy Tron: Step by step guide
Tron (TRX) is a decentralized cryptocurrency that operates on the proof-of-stake model and has implementation protocols for smart contracts on the blockchain. Previously based on the Ethereum ETH-20 network, Tron switched to its blockchain network in 2018.
Cryptocurrencies like TRON coins have been booming in the past decade. Bitcoin has returned more than 1000% per cent to its investors in the last year alone. With the growing popularity of cryptocurrencies as an asset class, many people are looking into suitable avenues and opportunities that let them invest and grow their money.
In this article, we will guide you through the process of signing up for the CoinSwitch Kuber exchange in order to buy TRON in India or any of the other 100 cryptocurrencies that are available on the platform. We will not only tell you how to get started with the app but will also give you a step-by-step walkthrough that you can follow while you’re reading.
- To buy TRON, you need a stable internet connection, a mobile or computer device, and funds connected to a bank account.
- CoinSwitch Kuber is the best exchange you can use to buy TRON. It is the largest exchange in India, with 10 million active users and more than 100 different coins to invest in.
- CoinSwitch makes buying TRON super easy by completing the entire process in a few clicks.
- Not only is the app easy to use, but it also makes buying crypto coins like TRON minimalist fun and super exciting!
How to buy Tron (TRX)
You can buy TRON cryptocurrency in India via CoinSwitch Kuber, the largest crypto exchange platform in India in terms of active users. CoinSwitch has more than 10 million active users on its platform, investing and trading in more than 100 different coins.
To buy any cryptocurrencies (coins or tokens), investors first need to have access to certain basic resources. These include a stable internet connection, a computer or mobile device, and of course, requisite funds. To make things easier, investors are also encouraged to have access to different kinds of payment methods like Net Banking (NEFT, IMPS) and UPI to make transactions to and from the app easier.
To buy TRON coin on CoinSwitch Kuber, you must first understand how an exchange like CoinSwitch Kuber works. Crypto exchanges, much like ours, work on bringing crypto sellers and buyers together in the most efficient manner possible. CoinSwitch makes sure that as a buyer, you do not face troubles while transferring money to the app, finding the coin you want to buy, and finding the right price. We’ve made the interface super easy to use for beginners, so you don’t need to worry about the complexity behind it all. Leave that to us!
Our team works endlessly to make sure that your transactions are as safe, secure, and reliable as possible. The app is optimized to make the experience of buying and selling crypto satisfying and easy. With just a few clicks and merely ₹100, you can start your journey as a crypto investor with CoinSwitch Kuber!
Steps involved in buying Tron (TRX) in India
CoinSwitch provides for buying TRON and other cryptocurrencies in India. If you’re really excited to start your crypto investing journey by buying TRON in India on CoinSwitch Kuber, we have a step-by-step process ready for you to follow.
Here we go!
Step 1: Open CoinSwitch
The first step is to, of course, download the CoinSwitch Kuber app on your Android or iOS mobile phone. You could also visit our website and enter your phone number, and we’ll SMS you a link to the app!
Step 2: Register and open an account
Once you have, you need to create an account on the app. Here are the steps that you need to follow:
- Once the app has been successfully installed, you will be asked to enter your mobile number for OTP verification. Once the OTP has been received and entered by you, you will be asked to set a PIN on the app for added security. We encourage you to use random numbers that are hard to guess to secure access to the app.
- You’re in! After successfully setting your PIN up, you will be directed to the home page.
For any queries, please feel free to contact our Support Team here.
Step 3: Complete your KYC
At this juncture, you’re free to explore the app and get the hang of the features. However, if you want to start investing right away, you’re going to need to complete your KYC (Know Your Customer) process. This is a step that has been mandated by the Government of India and is required to verify your identity with your bank and our servers. To complete this step, head on to the ‘Profile’ section of the app in the bottom right corner and click on ‘User Verification’.
- Enter your name, PAN number, date of birth, and your email address for basic verification of your identity. Once this is done, you will be asked to upload your PAN card’s picture along with a picture of a government-issued ID card to complete the verification.
For more details on how to register for CoinSwitch and the entire KYC process, check out our YouTube guide.
Step 4: Complete verification
It takes a moment for the app to register and verify everything, and once it’s done, you’re notified that your verification is complete. Voila! You’re ready to start trading/investing in your favourite cryptocurrencies now.
Step 5: Add bank details
To transfer funds from your bank account to the CoinSwitch app, you need to provide the app with the relevant details. These include your account number and IFSC code only. The app sends Rs. 1 to your account to verify if the details are correct and if they are, the account is linked to your profile.
Note: We encourage you to perform all transactions relating to your CoinSwitch account with your registered bank account only to avoid unnecessary mixups. If you want to change your bank account, go to the ‘Bank Details’ section under Profile and click ‘Edit’.
CoinSwitch Kuber is one of the only crypto exchanges in the country that seamlessly allows you to transfer funds to the app by Net Banking or UPI. For Net Banking:
- Transfer money to the given bank account details on the app through your preferred mode of transfer. The funds will reflect in your wallet as soon as they are received by us. The process may take up to 48 hours to complete. Note: Please ONLY use your registered bank account to transfer funds through Net Banking. If you use an unregistered bank account, it may take us up to 7 days to refund your money back.
- Enter the amount you want to transfer and your preferred UPI ID.
- CoinSwitch will send you a request on your UPI app.
- Once the transaction has gone through successfully, the funds will be reflected in your wallet within 10 minutes.
If you’re stuck in any part of the process, our Support Team will be very glad to help you out. Contact them here.
Step 6: Buying TRON
You’re all set! To buy TRON or any other cryptocurrencies, click on the Market option at the bottom of your screen and search for the coin you want to buy. Once you’ve found TRON, click on the coin and find the ‘Buy’ button on the bottom of the screen.
Enter the amount you want to purchase and make sure you have adequate funds added to your wallet. Once you’re all set, click confirm to buy TRON. Voila!
You can see your crypto assets under ‘Portfolio’ on the app itself, along with other helpful information like total amount invested, percentage gains/losses, all the coins you hold, and even their individual profits/gains.
Wrapping it up
TRON is one of the many cryptocurrencies that have shown immense growth potential in the last few years. The finance industry has been completely revolutionized by the introduction of De-Fi by such crypto technologies, and we have yet to see what the long-term gains will be. In any case, it is true that cryptocurrencies and their underlying blockchain technology have the power to change the way we interact with our technology and with each other.
As an investor, you must constantly be on the lookout for opportunities like these to invest your money and grow it exponentially. With CoinSwitch Kuber, you can invest in cryptocurrencies with confusion, jargon, and hassle.
To download the app and get started right now, visit our website here.
Convert TRON to INR seamlessly on the CoinSwitch website.
Frequently Asked Questions
Is Tron legal in India?
There is no legislation in India that bans cryptocurrencies altogether. TRON, just like other coins and tokens out there, are investment assets that millions of people around the country trust. While there has been no regulation from the Indian government on cryptocurrencies yet, we can hope that they’ll come out with some positive updates in the near future.
Where can I buy Tron in India?
CoinSwitch Kuber is the best crypto exchange in the country where you can buy TRON. Trusted by 10 million users, it is one of the only platforms that allows you to select from more than 100 different coins and tokens. All you need to do is install the app and transfer your funds. Leave the rest to us!
How do I buy TRX with INR?
To buy TRX with INR, the best option is CoinSwitch Kuber. With our easy-to-use interface and highly secure servers, you can transfer INR directly from your bank account in the form of Net Banking or UPI to the app’s wallet. From there, you’re only a few clicks away from owning all the TRON you want!
How to sell Tron in India?
If you have TRON on your CoinSwitch Kuber wallet, you can click on the coin and head over to the ‘Sell’ button on the bottom of your screen. Select the percentage of your holdings you want to sell, place a Limit or Market order, and confirm. Voila! Your TRON will be sold on the exchange, and the money will be reflected in your wallet immediately. In case you have TRON on a crypto wallet, the app also allows you to transfer those currencies to the app and sell them from there.
Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.
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