Simple steps on How to buy Tron in Nigeria today, You will be able to purchase TRX with Naira after reading this article, So if you want to know how it is done, keep reading.
Do you know that TRX is the abbreviation for Tron and TRC20 is the token standard for the Tron network, You can send crypto easily with fewer fees using the Tron network.
How Much is TRX To Naira?
Just like any other crypto-currency, Tron is highly volatile which means that the price is never stable. At the time of writing 1 TRX is worth $0.0667 which is less than 40Naira.
Cheap right? And I know you want to know how to buy TRX in Nigeria, keep reading below to see the easy method of purchasing Tron with your Nigeria bank account.
How to buy Tron in Nigeria?
Follow the steps below to buy TRX in Naija, Before planning to buy Tron you should have money in your bank account.
Alternatively, if you feel stressed and would like us to help you purchase and send it to your wallet of choice you can contact me using the WhatsApp icon at the bottom right corner of this page.
Get a Tron Wallet
I suggest you get a Binance wallet, Binance supports over 500 different coins and Tron is one of them, Once you have a Binance account you automatically have a TRX wallet.
If you don’t already have Binance, Visit your phone’s app store to install the Binance App or Visit the Binance website to register then open and register an account with Binance.
Make sure you follow their prompts and verify the Binance account using any valid Identity card.
After successful verification of your account, Open the P2P section.
Click Trades > P2P at the top, See screenshot below.
Withdraw Naira From Binance to Nigeria Bank Acount
Select Currency and Buy
Here we are using USDT as example, We will buy USDT then use it to buy Tron because Tron is not yet on Binance P2P.
Select the Buy section > and currency as USDT.
You will see a list of the merchants who want to sell their USDT, they all have a limit to how much you can buy from Minimum to Maximum, So always check, see the screenshot below.
Click the Green Buy button once you see an offer Limit that matches the amount you wish to buy.
In the next window, you will be asked to enter the amount of USDT you wish to purchase, Remember we are buying usdt so we can easily exchange it to TRX because TRX is not on the Binance P2P market yet.
After entering the amount and you click the ‘Buy With 0 Fee‘ Button you will be taken to the seller’s page where you will see the seller’s payment details.
Make Payment In Naira
On the seller’s page, you will be required to copy their payment details and pay the exact amount of Naira you specified to buy to the seller’s payment details which will be displayed on the page.
Once you are ready to make a payment click ‘Transfer The Funds‘ and then go ahead to transfer money to the seller’s account.
Immediately After successful payment is made, Click the ‘Transferred Next‘ button, this is telling Binance that you have made payment and waiting for the seller to receive the payment and release your coin.
Receive your purchased coin
Once the seller receives and releases the coin it will be credited to your funding wallet.
Trade USDT to TRON
After a successful P2P transaction, you should be able to see the purchased funds on your Funding wallet.
Go back to Home and Click Wallet then you should see the Funding (formerly p2p wallet), Click the funding then click transfer to move the funds to your spot wallet which is where we are going to buy the TRX.
After that is done, go back home and Click Trade then change the trading pairs by clicking the BTC/BUSD text then search TRX and select TRX/USDT trading pair, See images below.
Once you select the trx pair which we are using TRX/USDT because we purchased USDT earlier. Now make sure you are in the Buy section, Enter the amount or tick to use 100 percent of your USDT balance to buy Tron, Once you are satisfied, you can click the big green Buy Button and once the trade executes you should start seeing TRX balance on your Binance Spot wallet.
That’s how to buy Tron in Nigeria, I hope the procedure is understandable? Now even you can try turning your TRX into Naira if you which to sell you can follow the process and instead of buying you sell on the p2p market, Good luck.