6 Ways You Can Buy Tron Coin (TRX) In Singapore

Last updated on September 21st, 2021

Tron (TRX) is a decentralised platform that aims to allow the sharing of media content.

This is somewhat similar to THETA.

If you want to buy TRX in Singapore, there are not many ways you can do so.

This is because not many platforms in Singapore offer you a trading pair with TRX.

However, here are some platforms that you can consider buying TRX with.

How to buy Tron coin in Singapore

Here are 5 ways that you can buy Tron coin (TRX) in Singapore:

1. Liquid
2. AAX
3. FTX
4. Kraken
5. Binance
6. Huobi

This is a summary of the 5 platforms:

Platform	Supports SGD?	Trading Fee
Liquid	Yes	Up to 0.3%
AAX	Yes	Up to 0.1%
FTX	No	Up to 0.07%
Kraken	No	Up to 0.26%
Binance	No	Up to 0.1%
Huobi	No	Up to 0.2%

And here is each method explained in-depth:

Liquid

Liquid is a crypto exchange that is based in Japan. It allows you to transfer your SGD to the exchange, but the withdrawal fees are rather high.

Here’s what you need to buy TRX from SGD on Liquid:

1. Deposit your money via bank transfer
2. Go to Spot Trading
3. Select BTC/SGD as your trading pair
4. Select the quantity to trade
5. Repeat steps 3-4 for TRX/BTC trading pair

#1 Deposit your money via bank transfer

You’ll need to transfer your money via wire transfer to Liquid.

You are able to deposit SGD into your Liquid account.

#2 Go to Spot Trading

Once you’ve deposited your funds, you can go to ‘Spot Trading‘ to make the trade.

There are other options like Margin trading. However, they are too risky especially if you’re just starting to trade in crypto!

#3 Select BTC/SGD as your trading pair

You’ll need to select BTC/SGD as your trading pair.

You’ll need to trade between SGD and BTC first, before trading BTC for TRX.

This is because Liquid does not provide you with a SGD/TRX trading pair. As such, you can’t directly buy TRX from SGD!

#4 Select the quantity to trade

You’ll need to select the type of order that you wish to make:

1. Limit
2. Market
3. Stop
4. Stop limit

After that, you’ll need to select the amount of SGD or BTC that you wish to include in the trade.

#5 Repeat steps 3-4 for TRX/BTC trading pair

After you have traded your SGD for BTC, you’ll now need to trade your BTC for TRX.

This can be done by selecting TRX/BTC as your trading pair.

You’ll need to make a trade, similar to how you did between BTC and SGD.

After the order is completed, TRX will be credited into your account.

Verdict

Here are the fees that you’ll incur when trading with Liquid:

Type	Amount
Trading fees	Up to 0.30%
SGD Withdrawal Fees (StraitsX)	0.55% (Min $4, Max $30)
Withdrawal Fees (Bank Transfer)	$15 SGD + $30 USD

The trading fees are rather low. However, you’ll need to factor in the costs as you are making 2 trades.

Moreover, the fiat withdrawal fees can be pretty hefty!

You may want to send your TRX to another exchange that charges you lower withdrawal fees.

AAX

Atom Asset Exchange (AAX) was founded in 2018, and is based in Hong Kong.

This exchange allows you to deposit SGD into your account. However, you can only trade SGD into BTC or USDT!

This means that you’ll need to make 2 conversions before you can get TRX.

Here’s what you need to do to buy TRX on AAX:

1. Deposit SGD into AAX
2. Use the Exchange feature to exchange SGD to BTC or USDT
3. Find a suitable trading pair with TRX
4. Make the trade

#1 Deposit SGD into AAX

First, you’ll need to deposit SGD into your AAX account.

You will need to deposit a minimum of $50 into your account. However, if you deposit less than $1.5k, you will incur a $35 deposit fee!

#2 Use the Exchange feature to exchange SGD to BTC or USDT

Once you have your SGD into your account, you’ll need to go to ‘Buy Crypto → Exchange‘.

The Exchange platform allows you to buy BTC or USDT from your SGD.

I would suggest using USDT, as it is less volatile compared to BTC.

AAX does not charge any fees for this conversion. However, the exchange rate may be slightly less favourable compared to the market rate.

#3 Find a suitable trading pair with TRX

Once you’ve exchanged your SGD for USDT, you can now go to AAX’s trading platform.

This can be done by selecting ‘Spot’ on the menu.

After that, you’ll need to select a trading pair with TRX.

#4 Make the trade

After selecting your TRX trading pair, you’ll need to decide on the order type:

1. Limit
2. Market
3. Stop order

You’ll also need to enter the details of the trade you wish to make.

This includes:

1. The price of USDT you want to buy TRX at
2. The amount of TRX you wish to buy

Once the trade has been filled, TRX will be credited into your account.

Verdict

Here are the fees and minimums when you’re trading on AAX:

Deposit Minimum	$50
Deposit Fees	$35 if deposit < $1500, none if deposit ≥ $1500
Trading Fees	Up to 0.1%
Withdrawal Minimum	$150
Withdrawal Fees	0.3% (Minimum $10)
Sending Fees	Depends on currency

If you want to save on the deposit fees, you’ll have to deposit at least $1.5k into your AAX account each time!

The trading fees are as competitive as Binance (up to 0.1%), and AAX has the added advantage of supporting fiat currencies like SGD.

However, you’ll still need to make 2 trades to get TRX!

I would think that AAX is suitable only if you intend to trade a large amount of crypto.

The remaining exchanges do not support SGD

For the next few methods, they do not allow you to deposit SGD into their exchanges.

This means that you’ll have to buy a cryptocurrency using SGD from one exchange, and then send it to these exchanges.

The currency that you should buy is Bitcoin or Ethereum, which would have the most number of trading pairs.

However, you’ll need to consider the withdrawal fees that you’ll incur when sending your crypto on the blockchain.

Depending on the fees, it can be really hefty!

You can consider using Gemini’s Active Trader, which charges a rather low 0.35% trading fee. You are able to purchase either BTC or ETH using your SGD.

After that, you can send your BTC or ETH to any of the exchanges below. You will not be charged any withdrawal fees for up to 10 withdrawals per month.

FTX

FTX is a cryptocurrency trading platform that is based in California.

They offer one of the cheapest fees when it comes to trading crypto!

Here’s what you need to buy TRX on FTX:

1. Deposit USDT into FTX
2. Select the TRX/USDT trading pair
3. Enter the details of your order

#1 Deposit USDT into FTX

While FTX supports SGD, there are no SGD trading pairs with cryptocurrency on the platform.

You can only trade SGD for USD, but the volume is really low!

You may want to deposit USDT into FTX, since TRX only has trading pairs with this currency.

You’ll need to go to ‘Wallet‘,

and then deposit USDT into FTX.

#2 Select the TRX/USDT trading pair

Once you’ve deposited USDT, you can start to trade them for TRX.

You’ll need to go to the hamburger icon on the left hand side of FTX’s platform,

and then search for ‘TRX‘ under Spot.

Futures are a rather complicated product, and you should only be trading in futures if you understand it well!

#3 Enter the details of your order

You can make 7 different orders on FTX:

1. Limit
2. Market
3. Stop market
4. Stop limit
5. Trailing stop
6. Take profit
7. Take profit limit

After selecting your order type, you’ll need to:

1. Select the amount of USDT you want to buy 1 TRX at
2. Select the amount of TRX you want to buy

Once your order has been processed, TRX will be credited into your account.

Verdict

FTX charges up to 0.07% (for taker fees) on their platform. This is one of the cheapest fees that you’ll be able to receive for Spot trading!

Due to its rather low fees, FTX can be a platform that you can consider if you want to reduce your costs.

Kraken

Kraken offers quite a few trading pairs on their platform. However, they do not allow you to buy any crypto directly from SGD.

As such, you’ll need to deposit a cryptocurrency onto their platform.

Alternatively, you can deposit other fiat currencies to make the trade too.

How to buy TRX on Kraken

Here’s what you need to do to buy TRX on Kraken:

1. Deposit a currency into Kraken (fiat or crypto)
2. Go to ‘Trade’
3. Select a trading pair with TRX
4. Enter the amount that you wish to pay
5. Execute the order

#1 Deposit a currency into Kraken (fiat or crypto)

To start trading on Kraken, you’ll need to deposit either a fiat currency or cryptocurrency onto the platform.

You’ll need to go to the funding tab on Kraken.

From there, you can deposit a wide variety of fiat or cryptocurrencies:

Fiat	Crypto
AUD	BTC
CAD	ETH
EUR	LTC
GBP	XRP
CHF	USDT
USD
JPY

If you have any of the fiat currencies, you are able to do a wire transfer.

You may incur some fees when you are transferring your funds to Kraken!

#2 Go to ‘Trade’

Once your funds have been sent to Kraken, you can start trading.

You’ll need to go to the ‘Trade‘ tab to start buying TRX.

#3 Select a trading pair with TRX

If you are using Kraken for the first time, you will be in the ‘Simple‘ interface.

If you wish to use this interface, you’ll need to select your trading pair above.

You can choose to go to the Intermediate interface too, where you can select your preferred trading pair.

From there, you can select a trading pair with TRX.

If you want to buy TRX from a cryptocurrency, you can only do so using BTC or ETH.

#4 Enter the amount that you wish to pay

After selecting your preferred trading pair, you’ll need to enter the details of your trade.

#5 Execute the order

Once your trade is executed, the TRX tokens will be credited into your account.

Verdict

Here are the fees that you’ll incur when using Kraken:

Fees	Amount
Trading fees	Up to 0.26%
Withdrawal fee (crypto)	Depends on currency
Withdrawal fee (fiat)	Depends on currency

The fees are pretty reasonable, and there is no minimum fee as well!

However, the fees that you incur on Kraken are slightly higher compared to Binance or Huobi.

Nevertheless, Kraken is still an exchange platform that you can consider buying TRX from.

Binance

Binance is one of the largest crypto exchanges in the world. You are able to trade many cryptocurrencies on their platform.

You can’t buy TRX using a credit card, nor with directly with your SGD. As such, you’ll need to use the altcoin method to buy this currency.

First, you’ll need to buy crypto from another exchange, and then deposit it into Binance.

The best currencies to deposit are BTC or USDT. This is because they have the most trading pairs available.

When you deposit your crypto, you’ll need to make sure that the address you’re sending to is correct.

If not, your crypto may be lost forever!

After depositing your crypto, you’ll have to buy TRX on Binance’s trading platform.

Here are some of the trading pairs that you can trade for TRX on Binance:

1. TRX/BTC
2. TRX/USDT
3. TRX/BUSD
4. TRX/BNB
5. TRX/ETH
6. TRX/XRP

After selecting your trading pair, you can start to determine the details of your order.

You’ll need to decide on:

1. The amount of BTC you want to trade
2. The price of TRX you want to buy at

Once you make the trade, TRX will be credited into your account.

Verdict

Here are the fees that you’ll incur when trading on Binance:

Type of Fees	Fee Amount
Deposit Fees	None
Trading Fees	Up to 0.1%

The trading fees on Binance are as low as Luno Exchange!

However, it is also quite a hassle to buy TRX on Binance if you’re from Singapore. If you send BTC to Binance, you will incur a withdrawal fee from the crypto exchange you’re sending from.

All of these fees will add up, and you may buy a much lower amount of TRX than you initially expected!

Huobi

Huobi is another crypto exchange that allows you to trade a variety of cryptocurrencies.

Since they do not allow you to deposit SGD onto their platform, you’ll need to deposit another cryptocurrency into the exchange first.

Here’s what you’ll need to do to buy TRX on Huobi:

1. Deposit a cryptocurrency into Huobi
2. Select a trading pair with TRX
3. Select the type of order you wish to make
4. Select the quantity of TRX you wish to buy

#1 Deposit a cryptocurrency into Huobi

First, you’ll need to go to ‘Balances → Exchange Account‘.

This is where you will deposit your crypto to.

You can choose a wider variety of cryptocurrencies to deposit into Huobi, compared to Binance.

The safest currencies to deposit will be either BTC or ETH.

#2 Select a trading pair with TRX

After depositing your crypto, you can start trading it.

If you just want to trade your crypto, you can go to ‘Spot Trading → Exchange‘.

You’ll be brought to the exchange platform, which can be rather overwhelming.

You’ll need to find a trading pair with TRX, which can be done at the left hand side of the platform.

There are fewer trading pairs on Huobi compared to Binance:

1. TRX/USDT
2. TRX/HUSD
3. TRX/BTC
4. TRX/ETH

You can choose to use USDT instead of BTC, but there are fewer platforms in Singapore that allow you to trade in USDT.

#3 Select the type of order you wish to make

After you’ve selected your trading pair, you would need to select the order type that you wish to make:

1. Limit
2. Market
3. Stop-Limit
4. Trigger Order

Limit orders allow you to determine the price you wish to buy or sell your crypto. Meanwhile, market orders will buy your crypto at the prevailing market rate.

#4 Select the quantity of TRX you wish to buy

After you’ve selected your order, you’ll need to select the amount of TRX you wish to buy.

Once the trade has been executed, your TRX will be credited into your account.

Verdict

Here are the fees that you’ll incur when trading with Huobi:

Type of Fee	Fee Amount
Trading Fees	Up to 0.20%
Withdrawal Fees	Depends on currency

While the fees are rather cheap, they are not as low as Binance (0.10%). Binance may still be the better choice if you are a frequent trader of crypto.

Conclusion

Currently, there is no direct way for you to buy TRX from SGD.

There are 2 platforms that support SGD: AAX and Liquid.

However, you’ll still need to make 2 trades before you can buy TRX!

For the other methods, you’ll need to send a cryptocurrency to their platform (either USDT or BTC) before you can buy TRX.

As such, it may be a bit complicated for you to buy TRX from Singapore.

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