How to Buy and Transfer TRX or Matic for Low Transaction Fees

So you might be new to the world of cryptocurrencies and blockchain and wouldn't know how to go about buying and transferring crypto to an address. Don't worry, you'll get a better understanding of how to do this by the end of this guide.

But first, I'll be making reference to just two cryptocurrencies (TRX and Matic) among the thousands available because they are cost-effective options for making payments due to their low transaction fees and fast processing. They are also the recommended coins to buy credit with on Doprax.

In this guide, I’ll walk you through buying and transferring these two cryptocurrencies using TrustWallet, one of the most beginner-friendly crypto wallets available that provides real-time fee estimates, network selection, and security, amongst other features.

Last updated: January 6, 2025

Problem

How do beginners buy and transfer TRX and Matic from their Trust wallet?

Why TRX and Matic?

  1. Low transaction fees:
    TRX and Matic are known for having low transaction fees compared to some other cryptocurrencies. This makes them a great choice for payments, especially for smaller amounts where high fees could eat into your funds.
  2. Speed:
    Both TRX and Matic, like other cryptocurrencies, operate on highly efficient blockchain networks, which enable transactions to be completed in seconds.
  3. Global accessibility:
    These cryptocurrencies are widely available and supported across multiple wallets and exchanges, like Binance, Bybit, Trust Wallet, etc.

Step 2: Install and Set Up TrustWallet

  1. Download the TrustWallet app from the official Google Play Store or Apple App Store.
  2. Open the app and create a new wallet.
  3. Write down your recovery phrase (a 12-word phrase). Store it in a secure location, as this will be the only way to recover your wallet if you lose access.
  4. Set up a PIN or enable biometric authentication on your device for added security.

Step 3: Buy TRX or Matic on TrustWallet

  1. Open TrustWallet and tap on the Buy button on the home screen.
  2. Search for TRX or Matic in the list of available cryptocurrencies.
  3. Input the USD worth of TRX or Matix you wish to purchase. Choose your preferred payment method from the drop-down list. The credit card payment option is the default option and is the recommended method. Click the "Buy with Credit Card" button.
  4. You'll be directed to Transak, where you'll see the real-time price of TRX or Matic your inputted USD is able to purchase at that time (crypto is very volatile, so prices of cryptocurrencies change every minute).
  5. Click the "Buy Now" button, enter your email address, and verify your email address with the code that'd be sent to your email.
  6. Confirm the transaction.
  7. After the payment is processed, the TRX or Matic will be added to your TrustWallet balance. You might need to refresh the page for it to reflect.

Note: Before you confirm the transaction, you may need to complete a KYC (Know Your Customer) verification process by inputting your official identification document details.

Step 4: Transferring TRX or Matic to Another Wallet

  1. Go to your TrustWallet home screen and select TRX or Matic from your assets.
  2. Tap on Send.
  3. Enter the recipient's wallet address. Double-check to ensure it matches the intended address.
  4. Enter the amount you want to send.
  5. Enter a Memo (this is optional) and click "Next" to review the transaction details.
  6. Confirm the transaction. The blockchain will process it, and the recipient should receive the funds within seconds or minutes. You can copy the transaction hash of the transaction and send it to the recipient.

NB: The transaction hash of a crypto transaction is similar to the receipt of a fiat currency. It proves confirmation of payment.

Tips for Using TRX and Matic Effectively

  • Choose the correct network: Ensure that both the sender and recipient are using the same blockchain network (e.g., TRC-20 for TRX or Polygon for Matic). Using the wrong network could result in a loss of funds.
  • Monitor fees: Even though TRX and Matic have low fees, fees can vary slightly. They are not fixed. TrustWallet will show you the fee before you confirm a transaction.
  • Test with a small amount first: If you're transferring for the first time, start with a small amount to ensure the transaction goes through successfully.

By following these steps, you’ll be able to buy and transfer TRX or Matic easily, saving money on fees and enjoying fast transactions.

Now you can use TRX or Matic to add credit to your Doprax account and create app spaces or deploy your virtual machines easily.