Coinbase, Exchanges

Does Coinbase Support TRC20?

As the world’s largest cryptocurrency exchange, Coinbase has been a major player in driving mainstream adoption of digital assets. The company has been aggressive in listing new coins and tokens, including a wide range of Ethereum-based ERC20 tokens. But does Coinbase support TRC20, the native token standard of the TRON network?

The short answer is no, Coinbase does not currently support TRC20. This is likely due to the fact that TRON is a relatively new network and its native token, TRX, is not yet widely adopted.

Coinbase generally only lists coins and tokens that are widely adopted and have strong demand from its users.

TRON is a decentralized entertainment and content-sharing platform that aims to challenge the likes of YouTube, Spotify, and other centralized social media platforms. The TRON network uses a Delegated Proof of Stake (DPoS) consensus mechanism and can handle high transaction throughputs.

NOTE: WARNING: Coinbase does not currently support TRC20 tokens. Attempts to send TRC20 tokens to a Coinbase wallet or Coinbase-supported platform may result in the permanent loss of funds.

TRON’s native token standard is TRC20, which is built on top of the Ethereum network. TRC20 tokens are compatible with all Ethereum wallets and use the same ERC20 token contract as Ethereum-based tokens.

This makes it easy for developers to launch TRC20 tokens without having to create a new token standard.

TRX is the native token of the TRON network and is required for interacting with smart contracts on the network. TRX can also be used to vote for super representatives, who help secure the network and earn rewards for doing so.

While Coinbase does not currently support TRC20, it may do so in the future if there is enough demand from its users. For now, TRX can be purchased on other cryptocurrency exchanges that do support it.

Previous ArticleNext Article