How To Buy TRON In Canada (Jul 2022)

November 27, 2021
Blog

To buy TRON in Canada, you’ll need to create an account in one of two crypto platforms. The first is a cryptocurrency exchange, which allows you to buy crypto coins with fiat currencies (or buy other crypto and then trade them for Tronix (TRX) tokens). The second is a cryptocurrency broker, which allows you to trade between cryptocurrencies in as little as a single click.

Considering Tronix (TRX) support is not widespread across crypto exchanges and brokers in Canada, I recommend you use Crypto.com. With its wide array of supported cryptocurrencies, lightning-fast price updates, and top-notch security, I can’t recommend Crypto.com enough.

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Extremely secure, 10x leverage

How To Buy TRON In Canada

To buy TRON in Canada, you’ll need to create an account in either a cryptocurrency exchange or a cryptocurrency broker.

Cryptocurrency exchanges are platforms that allow you to buy cryptocurrencies using fiat currencies like CAD or USD. They also allow you to buy other cryptocurrencies (like Bitcoin (BTC), Bitcoin Cash (BCH), and Solana (SOL)) and then trade them for TRON tokens.

Cryptocurrency brokers, on the other hand, are similar to crypto exchanges but are a lot simpler to use, often allowing you to trade between digital assets in as little as a single click. However, this simplicity comes at the cost of higher trading fees when compared to using cryptocurrency exchanges.

Top Crypto Exchange To Buy TRON In Canada

5. Crypto.com

Best For Altcoins

Trading fees: 0.4%
Security: 95% cold storage
Signup bonus: $10

Trade with 10x leverage.

★★★★

Rated 4.2/5

Crypto.com is a major global player that brings a mature, proven exchange to Canadian crypto investors. It supports 100+ cryptocurrencies, making it an ideal fit for anyone looking to invest in undiscovered altcoins before the masses.

Crypto.com offers some unique features that no other Canadian cryptocurrency exchanges can match. Users can trade options and futures contracts, earn interest by staking their coins, and make trades with up to 10x leverage when they feel particularly confident in a coin.

Crypto.com also has invested an enormous amount of money into its platform security, which makes trading with them extremely safe. The exchange is lightning quick (prices update dozens of times per second), which gives day traders an upper hand over the rest of the market.

Overall, Crypto.com is a solid crypto exchange for investors looking to cash in on brand new altcoins. If you’re just looking to buy more mainstream coins like Bitcoin and Ethereum, though, I suggest either Bitbuy or CoinSmart instead.

Features

  • Average trading fees (0.4%)
  • Supports 100+ cryptocurrencies
  • Allows up to 10x leverage
  • Trade crypto derivatives (futures and options contracts)
  • Earn daily interest by staking your coins
  • Purchase newly-listed coins at up to 50% off
  • Free deposits from all cryptocurrencies

Cost

  • Account Opening: Free
  • Trading Fees: 0.4%

Best For

Investors looking to buy altcoins and other new crypto assets before they go mainstream.

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Extremely secure, 10x leverage

How To Buy TRON In Canada FAQs

What Is TRON?

TRON is a decentralized, open-source blockchain-based operating system. It was created by Justin Sun in March 2014, and it has been supervised by the TRON Foundation, a non-profit organization in Singapore, since 2017.

It uses smart contracts and a proof-of-stake protocol as its main consensus algorithm, and has a native cryptocurrency known as Tronix (TRX).

Can I Buy TRON In Canada?

Yes. To do so, you just need to find a cryptocurrency exchange or cryptocurrency broker that supports the buying, selling and trading of Tronix (TRX) tokens.

For this purpose, I recommend you use Crypto.com. It’s one of our top-rated crypto exchanges in Canada, and it will allow you to buy Tronix (TRX) tokens at relatively low fees.

How Do I Store My TRON Tokens?

There are many options available to you when it comes to storing your Tronix (TRX) tokens.

The simplest way to store your Tronix (TRX) tokens would be to leave them inside your crypto exchange/crypto broker account. It’s a convenient and relatively safe way to store your tokens because most crypto exchanges keep 95% of their digital assets in cold storage, but your account could still be subject to hacking and theft.

The safer way would be to use a personal crypto wallet, and although it’s not guaranteed safety, it’s a much better method for storing your crypto assets securely.

As someone who’s tried out more than a dozen different wallets over the years, here are my top 3 picks for the best crypto wallet for Canadians:

Most Popular

Supports: 5,500+ crypto assets
Type: Hardware wallet
Cost: $$

Canada’s most popular wallet.

★★★★

Rated 4.3/5

Budget Pick

Supports: 1,000+ crypto assets
Type: Hardware wallet
Cost: $$

The cheapest hardware wallet.

★★★★

Rated 4.1/5

Best For Altcoins

Supports: 5,500+ crypto assets
Type: Hardware wallet
Cost: $$$

An upgraded Nano S.

★★★★

Rated 3.8/5

  1. Ledger Nano S: The Ledger Nano S is a hardware wallet that uses a certified secure chip to protect your private keys. It supports 5,500+ cryptocurrencies and allows users to hold up to 3 different digital assets on the device at any given time.
  2. Trezor Model One: The Trezor Model One is a hardware wallet and password manager that supports 1,000+ cryptocurrencies. Its Trusted Display ensures extremely secure transactions, and its compact design makes it easy to keep your crypto safe.
  3. Ledger Nano X: The Ledger Nano X is a more expensive, more capable version of the Ledger Nano S. It supports 5,500+ cryptocurrencies and allows users to hold 100+ digital assets on the device at any given time.

Is TRON A Good Investment?

Like most cryptocurrencies, you need to be aware that Tronix (TRX) tokens are subject to wild fluctuations in their price, which means that there’s always a certain degree of uncertainty that you’ll be dealing with.

Personally, I advise that you never invest more money into Tronix (TRX) than you can afford to lose, and if you’re not sure whether or not you can handle these fluctuations in price, Tronix (TRX) may not be a good investment for you.

In Summary

Even though Tronix (TRX) doesn’t have widespread support across cryptocurrency exchanges and brokers in Canada, there are still a few options available to you that allow for buying, selling and trading of this digital asset.

Personally, I recommend you use Crypto.com for this purpose. It’s one of the few Canadian crypto exchanges that support Tronix (TRX) in Canada, and considering its top-notch security, lightning-fast price updates, and a wide array of supported cryptocurrencies, I can’t recommend Crypto.com enough.

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Extremely secure, 10x leverage

The Best Crypto Exchanges In Canada

Best Overall

Trading fees: 0.1%
Security: 99% cold storage
Signup bonus: $50

Serving over 400,000 Canadians

★★★★★

Rated 4.9/5

$50 Signup Bonus

Trading fees: 0.2%
Security: 95% cold storage
Signup bonus: $50

Trusted by 200,000+ Canadians.

★★★★★

Rated 4.8/5

Best For Altcoins

Spreads: ~0.5%
Security: 95% cold storage
Signup bonus: $30

Low spreads, great platform.

★★★★

Rated 4.5/5