How to buy Tron from Australia

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👌Difficulty Low
☢️Commissions Very low
💲Minimum deposit 200$
🪙Cryptocurrencies: Tron and +15 more
⚖️Regulated by: Cyprus Securities and Exchange Commission (CySec), United Kingdom's Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC)
🌐 Official website: www.etoro.com *
*67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money Cryptoassets are highly volatile unregulated investment products. No EU investor protection.

How to buy

If you live in Australia, the best way to buy Tron is, without any doubt, this popular broker.

eToro*, one of the main brokers around the world, is registered and licensed, among others, by the Australian Securities and Investments Commission (ASIC).

We recommend eToro because you can create an account for free with this broker, and its fees for trading online are very low. Besides, eToro is available in your language, accepts users from Australia, it is really easy to manage, and its friendly interface is ideal for those who are starting to trade with cryptocurrencies and stocks.

How to sign up, step by step

The first thing you need to do is click here and fill in the fields on the right: enter your name, email, and set a password.

Now check your email: you should have received an email from eToro, click on the link and your account will be verified.

Once on eToro, you just have to click on “Deposit funds”, in the page menu.

There, you can choose how much money you want to add to your account (the minimum is $ 200) and the payment method:

As you can see in the image, the first deposit can be made by credit card, PayPal, or bank transfer.

How to make your first purchase

As soon as eToro has confirmed the receipt of your credit, you just have to search for “Tron” in the search bar, click on “Invest” and choose the amount in dollars you want to invest.

*67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk.

Introduction to Tron

Tron is a decentralized platform launched in 2017 that, like all cryptocurrencies, works with blockchain technology. With the difference that it can process 2,000 transactions per second, unlike Bitcoin and Ethereum which do not exceed 25 transactions per second.

The Tron platform was conceived with the idea of being an entertainment platform that allows to store content in a decentralized way. Also enabling access from anywhere in the world in an easy way and generating profitability for content creators.

This is how after selling its tokens in August 2017, it launched the Blockchain Explorer and the Web Wallet in 2018. These with the idea of being able to access content stored on the Tron blockchain and store cryptocurrencies.

One of Tron's goals is to eliminate middlemen in the distribution of content and have the profits generated go directly to those who create the sources of entertainment.

An example of this would be to replace the Streaming platforms model. In this model, we pay subscriptions so that they then pay the content creators. Whereas in the model presented by Tron we pay the creator directly without the middleman.

Eliminating the middleman brings with it a direct consequence, cost reduction. This benefits both the creator and the person who enjoys the content. By not having the middleman, the creator receives a little more for his work and whoever acquires the content, also pays less for it.

Tron and the acquisition of BitTorrent

Framed in this idea, Tron Foundation, the company behind the Tron platform, acquired BitTorrent in 2018 for $140 Million. And as we know, BitTorrent is a content distribution platform that works with a peer-to-peer distribution protocol, like cryptocurrencies.

BitTorrent is one of the most widely used platforms for downloading audiovisual content (movies, series, documentaries). Its acquisition by Tron represents a milestone and positive point since, it took advantage of an already existing platform to advance its proposed objectives.

The future of Tron

Although Tron is a young platform, it is a favorite among developers for creating decentralized applications because of its simplicity and transaction speed. And although with cryptocurrencies nothing is assured, it is well known that behind Tron there are a lot of big Chinese Investors backing the cryptocurrency.

And finally, what most differentiates Tron from other young cryptocurrencies, besides the improved transaction capacity, is the fact that it is focused on a single sector, the entertainment sector.

Instruments available in eToro

Besides criptocurrencies, there are way more financial instruments available in eToro.

ETFs

What do you know about Exchange-traded funds or ETFs? They are similar to index funds and are known for merging the benefits of stocks and mutual funds: they can be exchanged regularly at market price, but offer much more variety and considerably lower fees.

Commodities (raw materials)

Most people invest in raw materials because of their stability. While other assets tend to fluctuate more, raw materials prices vary less and offer safety against inflation or market volatility. Nevertheless, prices are subject to supply and demand, so if the fear of possible inflation provokes greater demand for a certain good, the price will also go up.

Keep in mind that the only intended profit from the investment in raw materials will come from their further sale because, unlike shares, commodities do not pay dividends.

Commodities can be classified into two main types: hard raw materials and soft raw materials. The former include precious metals (such as gold, silver, copper, and platinum), industrial metals (for instance, iron, nickel, or aluminum), and oil; while the latter are agricultural goods as sugar, coffee, corn, soy.

Forex trading

Forex or currency trading is the exchange between two currencies in order to obtain a profit through the operation.

If you decide to exchange the EUR/USD pair, for instance, you speculate how many dollars it will take to buy a euro, thinking that the euro will raise its price compared to the dollar. Then, if you purchased each euro at 1.15 USD and you sell them back when they are worth 1.20 USD, that margin will be yours.

You may be thinking by now that this form of trading requires high investments, and you are not wrong, since increases in prices are never that dramatic, and if you use a lot of leverage to counter that, you will take a considerable risk. If you are just starting in trading, we don't recommend beginning with this market, because it is very risky and intricate.

You can trade with almost every currency on eToro but remember that in this market sales are always made through CFDs, thus the underlying asset won't be yours.

Equities

Stocks or shares are the most popular financial instruments. Some publicly traded corporations decide to split into fractions and have several shareholders. By investing money in them, you can own a portion of a company and obtain dividends.

We can group stocks into two different kinds: the ones that divide their earnings regularly among the stockholders, and those that don't. The former ones are great, of course, but investing in the latter can be a good idea too since sometimes you can make even more money by selling the shares later.

In the case of eToro, if you choose a company that distributes dividends, these will be deposited into your account, and you can collect them in cash or reinvest them. Our suggestion is, if you don't have financial urgencies, that you benefit from compound interest and reinvest it in the company itself.

Consider that on eToro you can use leverage to “dope” your trades, but in that case, you will not receive gains as it would be a CFD. For that reason, for long-term investments, it is better not to use leverage: you can end up not gaining at all, because you will not receive dividends and also you will have to pay fees while your position is open.

About Contracts for Difference

You probably have found the term CFD now and then if you entered eToro before. We will come back to it, but you should know first that CFDs on eToro are only possible when you short sell or select leverage above x2 (nevertheless, this is not even an option on eToro).

We will also refer to terms like short-selling and leverage, in case you are interested in day trading cryptocurrency or more advanced operations.

The advantage of eToro is that it allows you not only to bet if you are “in the black”, but with CFDs you can also bet “in negative”. Let's say that you are sure that the Tron will go down, so perhaps you think that the best thing to do is wait until it does and then go in. But if it actually goes down, you can make some profits out of that.

You can do that by “going short”. Here's how it works ,roughly:

  • You get from a loan 100 units of Tron, with a total value of $ 5,000 (these are completely imaginary figures)
  • Then, you sell them at their current price, $ 5,000
  • The Tron goes from $ 50 to $ 30 (as you predicted, the price decreases)
  • Again, you buy the 100 units, but at the current value, $ 3,000
  • You pay back the 100 units to whoever made the loan
  • You save the $ 2000 difference!

It is really simple. Just take into account that by trading in Tron on eToro, with CFDs you can make a profit if you anticipate downs in the price.

Futures Vs CFD

How are CFDs and Futures different?

  • Counterparties
    • Futures: operations are made with someone else, another trader.
    • CFDs: you don't operate with another individual, but the counterparty is the broker.
  • Expiry date:
    • Futures: they have an expiration date. At that point, your operation is ended even if you are in red.
    • CFDs: on the contrary, they don't expire. It is possible to wait until you are in a good position to exit.
  • Options for trading:
    • Futures: there are fewer options for investment
    • CFDs: a lot of variety, there is a wide diversity of CFDs
  • Minimum investment amount:
    • Futures: you need to start with a larger amount
    • CFDs: you can get in with a small amount
  • Trading costs:
    • Futures: as you have to pay more in the first place, fees are lower
    • CFDs: higher (although not too much)
  • Possibility of leverage:
    • Futures: it isn't possible to leverage
    • CFDs: completely available

eToro deposit methods

When it comes to depositing money on eToro, there isn't really much to say, since it is pretty simple. You just have to click “Deposit funds”, set an amount, and choose your payment method. You can pay with PayPal, bank transfer, credit card (Visa, MasterCard, Diners, Visa Electron and Maestro), Skrill, or Neteller.

(Consider that you must be the account or credit card holder, for security reasons).

The minimum amount required is $ 200, and there is a maximum limit for unverified accounts. Thus, if you aim to trade with large amounts, you will need to verify your account previously.

eToro accepts transfers in any currency, but you will have to pay a fee for the conversion to USD. That is why we recommend, if it is in your hands, using USD from the beginning.

How to use eToro

As we have mentioned before, one of the best things about eToro is its extraordinary simplicity: anyone can invest without having to read endless guides.

You won't have any issues with the interface if you have used any of the most common social networks.

We will explain, roughly, the registration steps and the different sections that you will see.

You will have to fill in some information requested when registering.

Additionally, you will have to answer some questions about your experience as an investor.

But don't feel like you are taking an exam. The objective is to know more about you and determine which financial instruments they should suggest according to your knowledge and experience.

When you finish filling in all the requested information, the annoying “incomplete profile” bar will disappear.

Let's see what the different sections of the page are.

In “Set Price Alerts”, you have, as its name says, the option to set alarms on the price of certain securities. You just have to click on the three points at the end of the line and you will be able to program a price alert. It is a very useful tool for when you are after an asset that is falling, but perhaps you think that it will decrease even more.

The section “News Feed” allows users to interact and learn from each other by sharing their opinion and experiences.

“Discover” includes the tabs “Instruments”, “People” and “CopyPortfolios”. And we already talked about the kinds of assets that are available on eToro:

  • cryptocurrencies
  • ETFs
  • Shares
  • Raw materials
  • Forex
  • Index funds

In the section “People”, you can find the profiles of eToro users and their historical performance. This is where the term “social trading” makes sense since you can copy with just one click the movements of your preferred investors.

You can search for those investors that best suit your interests: by average profits, types of instruments or risk level, for instance. You just have to type the amount of your investment and eToro will replicate the movements made by the selected investor, in proportion. This means that if you put $ 1000 and the investor puts 10% of their capital in Amazon, eToro will also invest $ 100 of your balance in that asset.

In this section you will also find the three main types of CopyPortfolios, which are Top Trader, Market, and Partner.

fondos
In some cases, it might be better to copy from CopyPortfolios than to individuals, because you avoid putting all your eggs in one basket. There are all kinds of portfolios that you can find easily and are classified by sectors. Thus, in case you think a specific sector, like biotechnology or drones, has good chances to succeed, you can find that specific portfolio and invest in it.

“Social trading”, an innovative concept

eToro is a pioneer in social trading, it was the first broker to propose it. Since then, a multitude of copycats have appeared, but we have tried them all and eToro is still the best.

But they didn't limit themselves to transferring the logic of the social network to the trading world. They could have made the umpteenth social network in which users discuss investing, but they wanted to go further: the great innovation of eToro was allowing investors to imitate the strategies of other users, who were paid for their contributions.

It sounds complex but it isn't: when you access eToro you will see in the menu on the left the options “Copy People” and “Invest in CopyPortfolios”.

CopyPortfolios

“CopyPortfolios” are kinds of ETF or thematic index funds, a portfolio that includes several goods of the same sector. For example, if you anticipate that a particular sector will succeed in the near future but you don't know which stocks to invest in, you just have to pick a portfolio that groups together a variety of related companies in that industry.

You should know that in the past twelve months, CopyPortfolio has given returns of 100%. And you can benefit from it just by choosing a portfolio, enter your selected amount, place the stop-loss and click on the “Invest” button.

Copy People

A second option is to directly copy traders of the platform: in “Copy People” you can locate eToro users who are very successful investing and whose strategies you can replicate very easily.

In the profile of each user, you will see their risk profile (the higher the risk, the more chances of winning more and losing more money), their performance history, and what type of assets they operate..

Copying strategies from others can be very interesting and helpful, but you should also make the most out of the platform's community, read what other users think, and learn from their experience. It is great for acquiring important knowledge, especially if you intend to turn investing into a lifestyle.

Investment strategies

There are several ways to trade cryptocurrencies: for instance, you can buy and hold, or you can day trade using volatility of the market in your favor.

In case you don't have much experience in investment, I suggest a middle point: placing a dynamic stop-loss (15-20% under the highest price) when you open your Tron operation and wait for it to work on its own.

This means that if, for instance, you buy a cryptocurrency at $ 10, it rises to $ 20, and after that it falls to $ 12, your stop loss will close your position at $ 16-17 and you will have made a decent profit.

I know it's tempting to look to sell when the cost is at its peak, but that is simply not possible. The mentioned method is much more realistic and, well applied, it can work very well.

Later on, you will be able to apply more complex strategies, such as using leverage or going short.

How to use leverage in trading

In case you are not familiar with the term “leverage”, we'll put it short. When trading, it's the capacity of increasing your investment by borrowing money from the broker. For example, if you start with $ 100 and you use x2 leverage, you will be investing $ 200.

About leverage, Take Profit and Stop Loss

Assuming that, for instance, you are positive that Tron price is going up, and that you have $ 1,000 for “going long”, you should know that you can increase your investment and make more money.

There's the possibility of asking for a credit, but it is a process that takes time, and when you receive the money, Tron might be already so expensive that investing wouldn't be convenient anymore.

Leverage is like a credit, but it is only a few clicks away! You will be able to invest (and earn) much higher amounts than what you actually have on the platform's wallet. Before trading, you will find the leverage options as in the screenshot below:

apalancamiento

When trading in different markets you can use higher leverage. This is because leverage is most common in short-term operations, and cryptocurrencies tend to be a medium or long-term investment. But let's deepen a bit more on how all this works:

  • If you want to invest $ 1,000 and you use leverage x2, you will be starting with $ 2,000 ($ 1,000 are a “loan” from eToro). 
  • Then, turns out that Tron does increases, as you assumed, and now the price of your investment is $ 2,400 (20% higher), so you decide to sell back because you want to play it safe. 
  • Once the $1,000 from leverage is deducted, you will have $ 1,400 left; which means you've earned $ 400, since the other $1,000 was yours from the beginning.

As you can see, with $ 1000 you get $ 400, in other words, 40% more. That's not bad at all.

Still wondering where the catch is? The trick is that the risk of losing out is also there. If everything goes according to plan and the price goes up, you will earn more money in less time; but if the value of the asset goes down, you will also lose more in less time.

For instance: if instead of increasing by 20%, the price falls by 10%, you won't lose $ 10, but twice that figure, which means $ 20, because of the leverage. For that reason, when trading with leverage it is essential to take into account Take Profit and Stop Loss.

Take Profit is a trading limit you can set for your assets: you program your operation and ask the platform to sell them once they get to a point above the entry price. For instance, you can buy Tron at $ 100 and request that your position is closed automatically when it reaches $ 120. It is very helpful to avoid being blinded by enthusiasm: a 20% profit is usually pretty good, but once you see it goes up, you might consider you can make higher profits, which is not always the case. Consequently, you might lose money if you don't close on time. So, Take Profit helps you reduce risks when trading.

On the other hand, when using leverage you also have to use Stop Loss, because a small fall in the price of an asset can lead to a substantial loss. Consider that eToro will recommend a limit for Stop Loss, but it is better to place it closer to current price than the platform suggests.

Virtual portfolio: How does it work?

For those who still don't have much experience in investing, using a demo account can be useful. Just make sure the virtual mode is set and you can start operating with “fake” funds.

This is a great tool for those who are new to this world and want to give it a few tries before trading with real money. When you open your account, you will start with $ 100,000 of virtual balance to do your operations, not only with Tron, but you can also work with a diverse portfolio with all the different assets ​​that are available on eToro.

If your performance is not that good and you lose your funds, you can always ask the platform to replenish $ 100k of virtual funds. You'll probably do better on the second try.

Take into account that you should always be cold-minded when investing, and perhaps a virtual account can make you a bit impulsive. It is not the same to trade with your own money than with fake funds, which you can lose without any consequences.

Evidently, if you want to invest in the medium or long-term, with profits almost assured only by replicating an index, it is absurd that you invest in the virtual mode and wait for years. On the contrary, the virtual mode can be helpful to experiment with short or medium-term trading.

Frequently asked questions

How much is the minimum deposit?
The minimum deposit in eToro is 200USD.

When will I be able to withdraw my funds?
At any time. Simply end your Tron investment, click on “Withdraw Funds” and that's all.

What deposit methods accepts eToro?
You can use: Credit Card, Bank Transfer, PayPal, Rapid Transfer, Neteller, Skrill and Klarna / Sofort Banking.

* Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Disclaimer: 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.