The global economy is continuously shifting towards cryptocurrency — and for a lot of good reasons. With cryptocurrency, people can easily exchange digital information, enjoy security through encryption and cryptography, remain anonymous and free from government regulation, and more. There is boundless logic in why you should invest in cryptocurrency. For one, you can enjoy direct ownership of your crypto assets. It also offers secure and anonymous transactions, and most cryptocurrencies are highly profitable and valuable.
The crypto market is growing increasingly, both in monetary value and popularity. Two cryptocurrencies that are leading this growth are Ethereum (ETH) and Tron (TRX). In this guide, we will cover these currencies and how you can purchase TRX by using ETH.
Why Use ETH?
Ethereum is one of the top 200 assets in the world, according to market capitalization. When looking at the largest cryptocurrencies based on market cap, Ethereum takes second place, right after Bitcoin. Ethereum is continuously growing in popularity and monetary value. It is also used extensively in investing in technology and app development. The developers of ETH have been working on ETH 2.0, which is an upgraded version of the cryptocurrency.
Why Use TRX?
Tron is a fast-rising cryptocurrency that has already entered the top 20 currencies according to market capitalization. The purpose of TRX is to decentralize the web, and it seems like investors believe in this goal, as its value has been increasing continually since it emerged. The currency allows for quick and charge-free transactions. It also aims to create an entertainment system with free content, based on blockchain technology.
How to Purchase TRX with ETH
TRX is an increasingly popular cryptocurrency with good price predictions and increasing value. Thus, it’s no surprise that many investors are looking to purchase Tronix. It’s much easier to purchase TRX when you have ETH and a trusted exchange platform. If you’re looking for an exchange platform you can trust, Godex.io is an ideal choice. This platform offers no limits on the amount of cryptocurrency you can purchase, fixed rates with no hidden fees, anonymity (as you don’t have to sign up), top-notch safety and encryption, and straightforward steps.
Most exchange platforms offer the same process when you want to convert TRX to ETH, so using Godex as an example, here’s what you need to do:
- Select the currency pair you’re exchanging.
Click on ETH as the currency you have and TRX as the one you want to get. The automatic calculator will show you how much TRX you get for the amount of ETH you want to convert.
- Input your TRX wallet address.
Next, input your TRX wallet address. If you don’t have a wallet address yet, it’s best to open one before you start this process. Then, you will input the TRX to your destination wallet address.
- Deposit your ETH.
Then, deposit the ETH coins you want to use to purchase TRX. The exchanger will give you the ETH address that you will send the Ether to.
- Exchange your currencies.
Once you click on the «Exchange» button, the platform will look for the best rate and exchange your ETH with TRX. Godex takes between five and thirty minutes to do this, so you can look forward to a quick execution time.
Invest in TRX Today
According to price predictions, the value of Tron will most likely have positive movement as time goes on. Thus, you can start investing in TRX by buying some coins with your ETH today. Visit Godex.io to learn more about investing in this currency!