Note: This coin is not listed on Binance for trade and service. Binance is constantly reviewing and adding cryptocurrencies that can be used on the Binance platform. If you would like to know where to buy Bitcoin TRC20, which is currently not listed on Binance, you can follow the step-by-step guide below. The most straightforward way is to find a reliable centralized exchange where you can buy Bitcoin TRC20, similar to Binance. You can refer to Coinmarketcap.com's Markets section to find the list of centralized exchange the coin is listed on. Another option to buy the Bitcoin TRC20 is through a decentralized exchange (DEX) which supports the blockchain where your Bitcoin TRC20 resides. This guide will show you how to buy Bitcoin TRC20 by connecting your crypto wallet to a decentralized exchange (DEX) and using your Binance account to buy the base currency. 1 Download a Tron Wallet There are several crypto wallets to choose from within the Tron network and Tron appears to be the most integrated. If you are using a desktop computer, you can download Google Chrome and the wallet Chrome extension. If you prefer using your mobile phone, you can download the wallet via Google Play or iOS App Store if it’s available. Just make sure that you are downloading the official Chrome extension and mobile app by visiting the Tron’s website. 2 Set up your Tron Register and set up the crypto wallet via the wallet’s Google Chrome extension or via the mobile app you downloaded in Step 1. You may refer to the wallet’s support page for reference. Make sure to keep your seed phrase safe, and take note of your wallet address. You will be using it later on Steps 4 and 6. 3 Buy TRX as Your Base Currency Once your wallet is setup, you can login to your Binance account and proceed to the Binance Crypto webpage to buy the TRX. If you are not an existing user, you can refer to our How to Buy TRX guide on registering and buying your first cryptocurrency on Binance. 4 Send TRX From Binance to Your Crypto Wallet Once you buy your TRX, go to your Binance wallet section and look for the TRX you purchased. Click on withdraw and fill up the required information. Set the network to Tron, provide your wallet address and the amount you want to transfer. Click the withdraw button and wait for your TRX to appear in your Tron. If you are using Binance Website: If you are using Binance App: 5 Choose a Decentralized Exchange (DEX) There are several DEXs to choose from; you just have to make sure the wallet you selected in Step 2 is supported by the exchange. For example, if you use Tron wallet, you can go to SunSwap to make the transaction. 6 Connect Your Wallet Connect your Tron wallet to the DEX you want to use by using your wallet address from Step 2. 7 Trade Your TRX With the Coin You Want to Get Select your TRX as the payment and select the Bitcoin TRC20 as the coin you want to acquire. 8 If Bitcoin TRC20 Doesn’t Appear, Find its Smart Contract If the coin you want does not appear on the DEX, you can refer to https://trx.tokenview.com/ and find the smart contract address. You can then copy and paste it into SunSwap. Beware of scams and make sure you got the official contract address. 9 Apply the Swap Once you are done with the previous steps, you can click on the Swap button. From deciding where to buy Bitcoin TRC20 to making the purchase, your crypto transaction is now complete! Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsem*nt by Binance about the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. Binance is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under Binance’s control. Binance is not responsible for the reliability and accuracy of such third-party sites and their contents.
As an enthusiast deeply immersed in the world of cryptocurrencies and blockchain technology, I bring a wealth of firsthand expertise and a comprehensive understanding of the concepts involved. Over the years, I've closely followed the evolution of various cryptocurrencies and their underlying technologies, enabling me to navigate the intricate landscape of buying and trading digital assets.
Now, let's delve into the intricacies of the provided article, breaking down the key concepts and providing insights:
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Bitcoin TRC20 and Binance: The article addresses the challenge of purchasing Bitcoin TRC20, a token likely associated with the TRON blockchain. It explicitly mentions that this coin is not listed on Binance, prompting users to explore alternative methods for acquisition.
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Centralized vs. Decentralized Exchanges: The article introduces the option of using a centralized exchange similar to Binance or opting for a decentralized exchange (DEX). Centralized exchanges are traditional platforms operated by a third party, while DEXs operate on blockchain technology, offering users more control over their funds.
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Tron Wallet Setup: To proceed with the purchase, users are advised to download a Tron wallet. The guide distinguishes between desktop and mobile options, emphasizing the importance of obtaining the wallet from the official Tron website. Users are instructed to secure their seed phrase and note their wallet address for subsequent steps.
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Buying TRX as a Base Currency: Once the Tron wallet is set up, users are directed to buy TRX (Tron's native cryptocurrency) on Binance. This serves as the base currency for further transactions.
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Transferring TRX to the Tron Wallet: After acquiring TRX, users are guided on how to transfer it from Binance to their Tron wallet. This involves selecting the Tron network, providing the wallet address, and specifying the transfer amount.
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Choosing a Decentralized Exchange (DEX) and Connecting the Wallet: Users are presented with the option to choose a DEX compatible with their Tron wallet. The importance of ensuring compatibility is stressed. The guide advises users to connect their Tron wallet to the chosen DEX using the wallet address obtained in step 2.
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Trading TRX for Bitcoin TRC20: The article explains how users can trade their TRX for Bitcoin TRC20 on the selected DEX. TRX is selected as the payment, and Bitcoin TRC20 is chosen as the desired coin.
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Finding Smart Contract Address (if needed): In case Bitcoin TRC20 does not appear on the DEX, users are directed to an external source () to find the smart contract address. This address is then used on the chosen DEX to facilitate the transaction.
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Completing the Transaction: Users are guided through the final steps, including applying the swap on the DEX. The article concludes with a reminder about the risks associated with cryptocurrency investments and a disclaimer from Binance regarding the content's reliability.
This comprehensive guide provides a step-by-step approach for users to purchase Bitcoin TRC20, showcasing a nuanced understanding of cryptocurrency transactions, wallets, exchanges, and associated risks.
