TRON (TRX) was a top cryptocurrency in 2017 according to CoinMarketCap. But what is Tron? How is TRX used? And most importantly, how can we buy it from the Philippines?
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The aim of Tron is to become the blockchain for digital entertainment content. It has partnerships with Asian bike sharing company oBike and even Game.com. There was an intention to launch a game similar to Cryptokitties on the Tron platform and recently acquired BitTorrent.
This article had a slight modification on October 2, 2018.
If Tron becomes successful, it will become the platform where digital content producers and users will meet. It will the place where users will buy digital content such as games, and even music. That is its vision.
Behind Tron is Mr. Justin Sun. A graduate of Hupan and Peking Universities. He is one of the first students of Hupan University, which was founded by Jack Ma himself.
How to buy TRX in the Philippines
What you are going to buy is not TRON, but Tronix (TRX) – its currency.
Also, there’s no direct way to buy TRX ala Coins.ph style. You can’t convert your PHP to TRX directly just like how you probably do it with bitcoins.
Before you hit the back button, remember that most cryptocurrencies are not traded against the Pesos or even USD or even any other fiat currencies. Virtually all altcoins are traded against bitcoin.
Update: Buy TRX on Abra
Abra supports depositing fiat via local banks and through credit cards. You can exchange bitcoins for ADA within the Abra App. Should in case you want to cash out, you can do via partner merchants like Tambunting.
- Download Abra here! (It will ask for your mobile number, start with the PH area code 63.)
- Buy cryptocurrency on Abra through credit card
Buy TRX in Cryptocurrency Exchanges
You might think it is too complex, but with our guide, you can buy TRX from Binance, a leading cryptocurrency exchange platform. Keep in mind that what we’re going to do is trade our bitcoins for tronix:
- Register for Binance.
- How to Trade Bitcoins for Altcoins Using Binance
The link above discusses how you can proceed to buy an altcoin (in this case, Tronix) from Binance.
Step by Step Guide to Buy Tron from the Philippines using Binance
- Go to Binance P2P page
- Find a seller that where you can buy USDT
- After buying USDT, you can purchase TRX on Binance
- Proceed with the trade as detailed in our Binance Philippines guide.
Check out the wallets here.
Other Ways to Buy Tronix
We cannot recommend any other exchanges to buy TRONIX yet beside Binance.
Can I keep Tronix at Coins.ph?
No, you cannot. Coins.ph only supports BTC, ETH, and BCH at the moment.
A platform for digital content is certainly a good idea that will have far-reaching benefits to both producers and users alike, if successful. At the time this article was written in 2017, Tron’s value was rallying ahead of upcoming partnership announcements from Mr. Sun himself.