Coins Pro, the order-book exchange product of Coins.ph, has recently added Tron (TRX) and TRC-20 USDT to its list of supported tokens. This update allows users to trade and hold both TRX, the native token of the Tron blockchain, and TRC-20 USDT, a Tether-based stablecoin on the TRON network, bringing greater accessibility and flexibility for Philippine crypto traders.
What is Tron (TRX)?
Tron (TRX) is a blockchain-based decentralized platform that aims to build a free, global digital content entertainment system. TRX powers the TRON network, offering fast and secure transactions with minimal fees. Users benefit from Tron's unique infrastructure, which focuses on high transaction speed and scalability, making it ideal for frequent trades and large-scale decentralized applications (dApps).
What is TRC-20 USDT?
TRC-20 USDT is a stablecoin issued on the Tron blockchain, pegged to the US Dollar (USD). Being a TRC-20 token means it utilizes Tron's robust blockchain technology, allowing users to experience faster and cheaper transfers compared to ERC-20 tokens on the Ethereum network. With TRC-20 USDT, Philippine crypto traders can enjoy secure dollar-equivalent transactions on Coins Pro’s platform without high transaction fees.
Advantages of Trading TRX and TRC-20 USDT on Coins Pro
- Low Fees: TRC-20 USDT transactions are typically cheaper than ERC-20 alternatives, making it ideal for regular traders.
- High Speed: Tron's blockchain can process thousands of transactions per second (TPS), significantly reducing wait times.
- Enhanced Accessibility: Philippine users can trade TRX and TRC-20 USDT easily on Coins Pro, bridging the gap between traditional finance and decentralized assets.
Current Promotions on Coins Pro
To celebrate the listing of TRX and TRC-20 USDT, Coins Pro is offering the following limited-time promotions:
- Free TRX & TRC-20 USDT Withdrawals: Enjoy zero fees on withdrawals of TRX and TRC-20 USDT until March 22, 2023.
- Free Trading Fees: Trade BTC, ETH, and USDT pairs (TRC-20, ERC-20) with zero trading fees until April 2, 2023.
Take advantage of these special offers to maximize your savings and trading experience on Coins Pro.
How to Deposit & Withdraw TRX and TRC-20 USDT in the Philippines
- Register Your Coins Pro Account: New users must register and undergo a basic KYC verification to access deposit and withdrawal services.
- Get Whitelisted: Register for Coins Pro’s Wallet Address whitelisting here to activate TRX and TRC-20 USDT transactions.
- Deposit Funds: Once your wallet is whitelisted, navigate to your Coins Pro account, tap [Deposit], and choose [Deposit from Wallet].
- Withdraw Funds: Go to [Withdraw] and select your token of choice (TRX or TRC-20 USDT).
For more details, check out the full guide on Coins Pro Crypto Deposits and Withdrawals.
How to Buy TRC-20 USDT in the Philippines
Coins Pro offers TRC-20 USDT for direct trading, providing Philippine users with an easy entry into stablecoin investment. Here’s a quick guide:
- Log into Coins Pro: Start by logging into your Coins Pro account and click on [Balance].
- Select TRC-20 USDT: Choose TRC-20 USDT as your desired deposit currency and input the cash-in amount.
- Initiate Trading: Pick the USDT/PHP pair, enter your desired order quantity, and place a limit or stop order.
- Complete Your Trade: Wait for your order to be fulfilled and view your balance in your wallet.
By following these steps, users in the Philippines can quickly begin trading TRC-20 USDT, benefiting from its dollar-pegged value while avoiding high fees typically associated with traditional stablecoins on other blockchains.
The Future of TRX and TRC-20 on Coins Pro
With the addition of Tron and TRC-20 USDT, Coins Pro aims to expand its offerings and meet the evolving demands of the Philippine crypto market. Follow Coins on social media and stay updated on token listings, trading promotions, and crypto market insights to maximize your trading strategy and stay ahead in the cryptocurrency landscape.
Disclaimer: The information and publications in this article are not intended to be and do not constitute financial advice, investment advice, trading advice, or any other advice or recommendation offered or endorsed by Coins.
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Start Your Crypto Journey with Coins.ph
Coins.ph is regulated by the Bangko Sentral ng Pilipinas (BSP) and was the first blockchain-based company in Asia to hold both Virtual Currency and Electronic Money Issuer licenses. Sign up now to start trading or download the Coins.ph app. Once verified, you can convert PHP into the cryptocurrency of your choice.