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How to buy TRON in Romania
Is TRX a good investment in Romania?
Tron (TRX) is one of the digital currencies that has been very profitable for its investors over the years, especially those who have entered the currency market for the first time. In 2017, Tron was released in the market at a price of $0.002. In January 2018, the price of each unit of Tron reached $0.028. This means that Tron has grown by more than 10,000% in one month. In 2018, due to the downward trend of all currencies, Tron also found a downward trend. But it still had one of the best performances among other currencies in terms of price. The price fluctuated a little bit over the following three months before experiencing another uptick at the end of April 2018 when TRX doubled in less than two weeks. The price changes over the ensuing two years weren't as eventful as earlier ones. The price of TRX started to increase at the beginning of 2021 and, for the first time in nearly three years, it broke through $0.06. Even though the current crypto market is going through a fluctuating pattern, some crypto market professionals have predicted that TRX would reach $0.15 in 2025 and will be traded for at least $1.37 in 2030. Still, keep in mind that this is not a buying signal. We recommend entering the crypto market after examinations and receiving consultancy from experts.
What is TRON ?
Tron is a kind of decentralized entertainment system and content sharing platform that works using blockchain technology and peer to peer network. This protocol allows all users to publish, store and own data and content in a completely free, decentralized and automatic way. You can consider Tron as the next generation of social networks that you can use to create content and share it with other people anywhere in the world. The TRON protocol is among the largest blockchain-based operating systems in the world. This network is highly scalable and has high throughput. One of the contents produced by Tron is decentralized applications (dApps). Tron is able to support a wide range of decentralized applications in its network. People who are fans of social networks, games and other online entertainment will surely enjoy the efficiency of the Tron network in the future. In fact, using the Tron network, users can create decentralized applications and programs for these entertainment purposes.
Blockchain Tron has the capacity to perform 2000 transactions per second with zero fees. While in Bitcoin and Ethereum blockchain, this capacity reaches 7 and 15 transactions per second. In May 2019, Tron was able to reach Bitcoin's ten-year performance in 319 days. In order to achieve its goals, in July 2018, Tron acquired BitTorrent, the world's largest data sharing platform.
Is TRON legal to buy in Romania
Yes. According to Law 227/2015, transactions with virtual currencies including cryptocurrencies are legal and regulated by the Financial Supervisory Authority (ASF) and the National Bank of Romania (BNR). It is estimated that more than 423,000 people, or 2.20% of the population of Romania currently trade in the crypto markets.
Is TRON taxed in Romania
Yes. According to Chapter X, Title IV of the Romanian Tax Code, the National Agency for Fiscal Administration (ANAF) states that revenues from crypto falls under the category of income from alternative sources, and profits, whether that is gains or income, are subject to Income Tax. According to the same tax code, you need to pay 10% Income Tax on both any capital gain or any additional income from your crypto investment activities in Romania, and this is if your total earnings throughout the financial year exceed 600 Lei.
After you've bought TRON in Romania
The Tron network is currently capable of supporting various applications and games. Besides its main use case as a platform for content creators, Tron is often used to transact, as TRX transactions come with no fees whatsoever. There are many uses for TRX, including paying for goods and services, running native smart contracts, commissions and fees, and buying other tokens issued on the Tron blockchain. These uses may increase the demand for TRX, which would raise TRX's price accordingly. Moreover, you can hold TRX as a digital asset for investment purposes and cash it out quickly whenever you need.
Who can buy TRON in Romania
Anyone can use fiat currency deposits to purchase cryptocurrencies in Romania with the help of exchanges. Additionally, our exchange provides secure and fast transactions in Romania through different means such as Apple pay, Google pay, Credit Card, Debit Card, Bank Transfer and PayPal without charging any transaction fees.
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Frequently asked questions
Cryptocurrency market analysts mention the snowball effect regarding the Tron currency and believe that the price of this digital currency will experience excellent highs in upcoming years. Smart contracts will play an important role in the development of Tron in the future, and the low cost of transactions and fast processing time will attract many users to this network. Additionally, the supply of Tron is limited and a specific number is provided which can help with the increase of its value over time. However, we must not forget that investing in the cryptocurrency market requires knowledge and experience.
When you move crypto between wallets you own, the ownership is not transferring so it seems like it should be a tax-free transaction. But, since the ANAF have been quite vague about transfer fees in Romanian Tax Code, there is the potential that transfer fees may be viewed as spending crypto and as such, a taxable transaction.
Yes, you can. According to Law 227/2015, buying, holding and selling crypto assets is not restricted in Romania as long as you don’t violate any market security law and tax regulations.
To purchase Tron, there is no set minimum requirement. You can purchase a minimum of $10 worth of Tron through our exchange using the payment method of your choice, and the transaction will be processed and added to your portfolio of cryptocurrency assets.
You file your crypto taxes for the ANAF using the Personal Income Tax Return form. You can also do this via the ANAF online portal.
You can use digital wallets to store crypto tokens such as TRX. Tron's official website has introduced several different wallets for storing TRX. TronLink is one of Tron's authentic wallets, introduced by Tron's official website. This wallet can be installed on mobile phones and two operating systems, Android and iOS. Also, by downloading the extension of this wallet, it can be installed on the Google Chrome browser. You can also use the wallet provided by our exchange, which makes trading TRX much easier. Note that hardware wallets are still the best option for storing Tron. However, because hot wallets can quickly connect to a number of protocols, many people continue to prefer them.