How to buy TRON
Since coming onto the scene in 2017, TRON has fast become the most profitable blockchain. TRON mining, through staking your coins for validators, has become a lucrative opportunity for many crypto investors. The largest opportunity to make passive income has been to rent or sell TRON energy.
Due to needing to own TRON before you can stake TRON, the question needs to be asked: How do I buy TRON in the first place? But more importantly, how can i buy TRON anonymously?
Methods to buy TRON without KYC
Method 1: Centralised Exchanges (CEXs)
Some CEXs allow you to purchase a cetain amount of crypto without ID verification. One such exchange is Kucoin. This allows you to create an account without ID in order to send bought tokens to your own TRON wallet. The issue with this method is that it still requires a credit card in order to purchase the original crypto, and from this point all your coins can be traced.
Method 2: P2P Marketplaces
P2P marketplaces allow you to purchase any amount of cryptocurrency without ID, and with various payment methods (Bank transfer, Cash, Gift Cards etc). Some of the most popular P2P exchanges are Paxful, LocalCryptos and Hodl Hodl.
The steps work for all these sites:
- Step #1: Open an account on a P2P Bitcoin marketplace
- Step #2: Check for open offers from sellers accepting in-person cash payments
- Step #3: Identify a seller close to you
- Step #4: Verify the prospective seller’s reputation
- Step #5: Make a price agreement
- Step #6: Organize a physical meeting in a public place
- Step #7: Complete the transaction
One of the biggest risks of P2P marketplaces is the possibility of being scammed. Cash trades in person offer the highest level of safety when is comes to preventing being scammed.
Method 3: Used a Decentralised Exchange (DEX).
Decentralised Exchanges are platforms that allow you to buy and sell crypto anonymously as they don't require forms of ID verification and they have no central authority.
There are many DEXs such as; KyberSwap, 1inch, Balancer, Bisq, CowSwap, SushiSwap, PancakeSwap, UniSwap. There is a large list of current DEX exchanges, this selection is just a few of the more popular ones. Again, a DEX will require using credit cards, apple pay or google pay, however this has a higher level of privacy due to DEX platforms not having one central authority, like a CEX has.
Most of these methods you likely wont be able to buy TRON directly. You will be required to buy USDT, ETH or BTC first; then you will need to convert these to TRON. Once converted to TRON, these coins can be sent to TRON link ready to mine more TRON by selling Energy!