Buying Tron and Other Rising Cryptocurrencies:

How to Convert USD to Tron, Ripple, or other alt coin.

Overview

We’re going to convert USD to Ethereum(ETH) using coinbase. There are other exchanges but this will be the quickest and most simple option and allows you to buy with a debit card. Then we’ll send that ETH to our ETH Address on Binance. Once that is done we can convert our ETH to TRX(Tron). This process can be used with Bitcoin as well and for any of the other alt coin.

Setting up your accounts PT.1: Binance

Go to https://www.binance.com/?ref=12855015 and then click on register to set up your Binance account. Make sure to download google authenticator and set up your 2 step authentication for added security.

You can replace the referral ID with yours if you’re setting a friend up, or leave it the same if you want to thank me for this write up :)

Setting up your accounts PT.2 : Coinbase

Now that you have your binance account set up, in a separate tab go to https://www.coinbase.com and click sign up. Enter in your debit card info. You’ll need to authenticate your identity and enter bank acct info for selling and cashing out purposes but that can be done at a later date.

Buying ETH

Now that both your accounts are set up, you are ready to buy and transfer your ETH.

Transferring ETH to Binace

Now that you’ve purchased your ETH click on the accounts button. In a few minutes you will see the ETH in your wallet. Click on the send button to bring up the sending window. Go back to your Binance tab and under the funds tab click on deposits/withdrawls. Find the Ethereum tab.

4. Click on deposit to show the Ethereum deposit address. Make sure to use the correct address for the correct coin or you risk losing it.

5. Copy your ETH address from Binance and paste it in the address bar and click send max.

6. The time it takes to send will vary, but it goes through a number of confirmations and usually takes 10–20 minutes but could move faster or take a little longer so don’t get scared waiting for the transfer.

Check the history and or funds tab to verify that your funds have been transferred successfully.

Trade ETH for TRX

Now that you have your ETH on Binance you can now trade it for other coin.

Click on the trade button in the top left of the page. Click on the ETH tab in the ticker on the right. You can select the coin you want to purchase or type it’s symbol in the search bar. Click on ETH/TRX. This will bring up the market window. Click Market price and then click the percentage of your ETH you want to convert to TRX and click buy TRX.

The limit and stop limit buttons are for buying and selling at certain prices.

Congratulations, you now own some TRX. This process can be used for other alt coin as well.

Helpful Tips:

Research. Each coin is based on it’s own code. You can find white papers, reddit communities, and websites on many of the coins. Do your research and try to invest in a coin you believe in.

Only invest what you’re okay losing. Don’t sink all of your savings, this is a bull market right now but it’s still volatile and it’s easier to make rash decisions when you’re working with that kind of money if you see it starting to crash a little instead of being patient and waiting for it to go back up in value.

Try not to buy at the all time high price. Generally prices that high will go down and correct themselves at a more reasonable rate, so if you can buy at the dip you’ll get the most value.

Be Patient. If you for some reason think it’s gonna keep going up and you want to get on the boat and decide to buy at a high price anyway, you take that risk, but the worst thing you could do in my opinion is to sell at a loss. While not guaranteed, historically for good coin it should go back up especially if you invest in a quality coin.

I hope this helps people enter into crytptocurrency investing in alt coins. There’s great opportunity at the moment and the more people involved the better