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TRON [TRX] Deposits and Withdrawals are Now Enabled on KuCoin



TRON (TRX) Deposits and Withdrawals are Now Enabled on KuCoin
Source: Unsplash

The week has been putting feathers in the cap of Tron Foundation. Tron (TRX) after being listed on KuCoin, the Singapore based cryptocurrency exchange, has been enabled for trading. Deposits and withdrawals of Tron (TRX) have started on KuCoin.

This week, they got exchange support from renowned cryptocurrency exchanges Bittrex. Also, they were made available on the multi-wallet wallet SatoWallet. Furthermore, just recently they got listed on the Binance exchange.

In an official post, KuCoin announced, “Dear KuCoin Users, The upgrade for the TRON (TRX) wallet is now complete and working normally. We are pleased to announce we have opened deposits and withdrawals for TRX.

What is Tron (TRX)?

Tronix is the local cryptographic money of TRON. Furthermore, It endeavors to be a decentralized amusement content sharing stage, at last, utilizing blockchain distributed (p2p) network technology. Also, composed by a non-benefit Singapore-based establishment, the Tron Foundation attempts to handle the worldwide media outlet – by and by esteemed at $1 trillion.

How does it work?

By utilizing the highlights of the blockchain and peer-to-peer (P2P) network technology, Tron endeavors to cross over any barrier between content makers and content clients by barring the broker. The outcome is a general price decrease for the buyer. Furthermore, it gives an enhanced collection through direct receipts for the content producer, which supplies a win-win circumstance.

Who can use it?

Tronix can be utilized by creative content purchasers to spend for the content they need to get to. These tokens would then go to the makers’ records. Furthermore, here they can be traded to different digital forms of money. Also, it can be used to pay for blockchain administrations.

How has the trading started?

As of now, deposits are open with trading pairs involving TRX/BTC and TRX/ETC. Buying, selling, and withdrawal is also now activated. Trading actions can be performed using KuCoin’s app or directly on their website.

KuCoin announced this on their official blog, on September 20, 2018.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

Sameer Khan is a content writer at Koinalert. He has not held any value in Bitcoin or other cryptocurrencies.