What is Tron (TRX)?
Tron is a smart contract based on blockchains that aim at building a free, worldwide digital content entertainment network that includes global storage technology and allows simple and cost-effective digital content sharing. TRON (TRX) has been one of the market-leading figures ever since it joined the crypto market in 2017.
This currency used this community support and its advanced technology aspects to be one of the world’s top 10 cryptocurrencies in terms of market cap. More surprisingly, it took TRON just two years to achieve this task.
The Tron Controversy
TRON has its own share of the controversy, just like every significant cryptocurrency project. The fact that many of his protocols seem to derive from other platforms has become a key problem for this project. For instance, TRON uses IPFS and Filecoin protocols, however it does not include the protocols for citations in its whitepaper. Some in the communities spoke against the proposal because of this lack of credibility.
TRON regularly finds its way into the crypto news. This project manages to grab the attention and hearts of crypto users all over the world, from its CEO’s having lunch with Warren Buffet to introduce the new DeFi platform. For now, it’s interesting to see what is ahead for this innovative development team.
Best ways to store Tron (TRON)
Two primary ways to storing TRX Tokens are available. They each have their own advantages and drawbacks to take into account. A mobile wallet is perfect for you when you are new to the crypto industry and intend solely on a modest quantity of TRX. On iOS and Android smartphones the TRON wallet Dapp is available for free.
Hardware Wallets: A hardware wallet is the ideal solution if you want to make a large investment in TRX or are planning on using this coin for a long time. Hardware wallets store your bitcoin in the “cold storage” offline. This technique prevents access to your holdings by internet threats. Both Ledger devices are the best hardware wallets.
Mobile Wallets: The benefit of a mobile wallet is that you can easily utilize it and have immediate access to your cryptocurrencies. It is more susceptible to hackers and scamsters, which is the disadvantage. Recall, your mobile wallet is constantly online, therefore it’s always in danger.
Best Tron (TRX) Wallets 2021
We guess you’re searching for a best TRX Wallets. And why not when cryptocurrencies like Tron can value much more. That’s why it is so important to protect your cryptocurrencies through Wallets.
We are going to introduce you an extensive list of Tron wallets where you can keep your Tron cryptocurrency safely.
1. Ledger Nano X
In Hardware cryptocurrency wallets, Ledger is a household name. Of course, it’s a name you can also expect to see on the list of Tron’s most excellent wallets. Here we will talk about the Ledger Nano X.
This is the upgraded version of the oldest flagship wallet of the company – Nano S. You probably know Ledger Nano S, but Ledger Nano X is all Ledger S and more. Nano X comes with a Bluetooth function and it is easy to use without OTG or USB with iOS and Android smartphones.
Plus the style is far more attractive with a better display than Nano S, yet both smartphones offer the same security. But why do you buy the old version when the new version is on the market for the future?
Naturally, the gadget is incredibly safe. It needs you to input your PIN codes in every activity you take part in and uses the industry’s highest security capabilities. Your private keys are as safe as they can be – the company has no access to them and so a wallet is a non-custodial option. The Ledger Nano X provides the user the opportunity to send and receive TRX currencies, while also Stake them in the wallet. Staking will be rewarding you, and because you can do it comfortably on your Nano X, your coins will not be stolen.
In addition to Ledger Nano X, it supports 1000+ cryptocurrencies including TRX coins and controls your Tron currency through the seed phrase.
In conclusion, you can’t go wrong with the Ledger Nano X when you are searching for the best hardware wallet for Tron. Also read, Tron price prediction 2021 – 2025
2. Ledger Nano S
Ledger Nano S is a French company hardware wallet designed for people seeking additional security. It’s like a USB drive connecting to any USB port and providing other protective services. Only after plugging into a computer (or a mobile device). It provides security at the hardware level and supports a variety of currencies, including cryptocurrency Tron.
Furthermore, it is a tiny flash-like disc on which you always control your private keys on an OLED screen. The Ledger comes with two side buttons and an OLED screen to confirm transactions. The Nano S is available at an extremely reasonable price and is one of the cheapest multi-currency wallets.
Ledger Nano S has launched Tron compatibility and now it is possible to store/manage your TRX directly on Ledger Nano S using the Tronscan desktop application (designed by the Tron community). You don’t have to worry about the security of your coins with this wallet because your keys are saved offline.
If you decide to take this finest Tron wallet, be sure that it is available on the official website of the company. The golden rule is simple – never buy from a third-party store!
3. TronLink Wallet
Tron holders who want a trustworthy wallet to keep their TRX could now relax since TronLink is one of Tron’s greatest wallets. This wallet has a multi-functional design and is also known as the TRON Android Wallet. It comes with a convenient user interface and an integrated cold wallet that allows users to save their TRX currencies and secure them. It certainly is one of TRON’s greatest wallets, with such beautiful characteristics.
You may rest certain about the protection of your funds since it produces a recovery sentence of 24 words that you can control alone all by yourself.
Moreover, it’s a wallet that is specifically designed for storing Tron, therefore you can’t transmit another wallet tokens!
In addition, the wallet is also an explorer block that allows users to see the most recent blocks and transactions. You may view representative candidates, linked nodes, tokens, and accounts.
4. Trezor Wallet
Are you an enthusiast of crypto currencies and do you want to discover a secure wallet to keep your coins? Or do you want to buy a hardware wallet and want to know if the Trezor wallet is for you?
Then you had chosen the best.
In addition to the Ledger Nano S, Trezor is also a choice for a hardware wallet. This wallet is created by the Czech Republic’s Satoshi Labs. More than 700 cryptocurrencies are available for the hardware wallet, including TRX. Users can save their keys offline in cold storage. The gadget connects to the Trezor Bridge during the transaction, which finally interacts with your chosen browser.
Like the Ledger Nano wallet, the wallet of Trezor requires information to be supplied by users through two buttons. It’s easy, with an easy-to-use UI. The wallet is however accessible at a fee depending on the version you buy. This is a powerful Ledger competitor.
Therefore, Trezor and Ledger are among the greatest alternatives for Tron wallets available in the market if you wish to maintain your coins in the long term. When selecting a wallet, security is the most crucial factor to consider, and Trezor appears to have this at lock. Security is taken extremely seriously by SatoshiLabs. To ensure the protection of your coin Trezor was designed with a broad variety of security procedures.
5. Trust Wallet
As the name suggests it, Trust wallet can be trusted for your Tron cryptocurrency. In terms of the top Tron wallets, the trust wallet is very interesting and unique. It is among the most extensively developed and newly acquired portable wallets for cryptocurrency by Binance It also utilizes a seed phrase to protect the wallet, like other HD wallets.
You do not need to worry about your safety when you use Trust wallet since the seed you produce during the initial setup always controls your funds. See, Trust Wallet is a hot wallet for mobile applications. No online version, and no equivalent Tron desktop application – it can only be available for iOS or Android smartphones as a mobile app.
The Trust Wallet supports major cryptocurrencies such as bitcoin and ETH. More than 10 million trust wallets are used and the reputation as a whole is extremely good with positive ratings. If you are someone who wants to own additional crypto assets or trade them, and not only Tron, it’s something amazing!
6. Cobo Wallet
Cobo Wallet is another new multi-currency HD wallet that supports many cryptocurrencies, including Tron. Bitcoin, Ethereum, Litecoin, EOS, Dash, etc. are all supported by Cobo Wallet. Downloading and setting up the wallet is fairly simple.
For both iOS and Android users, the Cobo wallet is accessible, so no one needs to worry about their TRX safety. Also, you get protection at the HSM level and control your assets with the Cobo wallet, since you keep seeds in control. This high-end hardware wallet for bitcoin comes with a premium price tag. Cobo Wallet is one of the best hardware wallets on the market at $479.
Cobo Wallet is both popular and profitable for investors and one of the most anticipated wallet apps of the year! In addition to offering the customers numerous income possibilities, Pieta allows users to do fast and economic mining for fantastic returns.
7. Exodus Wallet
Exodus is a rare feature on this Tron wallet list just because it’s a desktop wallet. It is a highly simple desktop wallet for your cryptocurrency storage and management.
Exodus gives customers a variety of functionalities to explore, i.e. TRX features. You can quickly and easily check your balances, even swap, and trade (or sell) your TRX coins from the software itself. That’s true – from Exodus, any transaction processes may be performed! You don’t have to move your coins into another wallet or exchange – Exodus is a very suitable alternative, though!
It utilizes a seed phrase for generating and storing your wallet similar to other wallets. It is highly advised that the seed word be kept secure, as a backup of the whole fund is quite important. This wallet allows users to easily maintain their TRX tokens without using any wallets to administer their virtual currency. Another great aspect of this wallet is that it’s super-modern.
When the software is downloaded and used, you will notice instantly that it has a nice and smart design and it is both intuitive and entertaining to utilize the whole user interface… Exodus is now accessible for all platforms such as Linux, Mac, Windows, and other operating systems.
8. Guarda Wallet
Guarda Wallet is a safe multi-currency, non-custodial cryptographical storage facility that supports over 40 major blockchains and over 10,000 tokens, including Tron TRX. The point that makes this wallet more interesting is that it supports more than TRX for many various digital assets. Guarda Wallet of Tron’s most popular wallets to hold TRX funds.
It supports all operating systems and may be used by your mobile devices (iOS, Android), desktops (Windows, Mac, Ubuntu), browser extensions, or web wallets. By selecting a validator (SR – Super Representative) you may simply manage and hold Tron (TRX) with information and receive rewards.
This is one of the finest TRX options on the market for customers that not only need storage but other features. For consumers who wish to utilize TRX every day, wallets like Guarda Wallet are highly beneficial.
9. Atomic Wallet
Atomic Wallet is one of the oldest wallets available for all operating systems such as Windows, Mac, Ubuntu, Debian, Fedora, and mobile (Android/iOS) supporting the most multi-currencies.
The atomic wallet enables users with the usage of its integrated atomic swap exchange, to buy, trade, and store over 300 coins. Bitcoin, Ethereum, XRP, Litecoin, Tron, and many others are the major currencies supported.
The Atomic Wallet is perfect for beginners since it is free and enables you to acquire your cryptographic assets directly via your wallet. In contrast to crypto-currency Wallet like Exodus, you must purchase cryptocurrency assets via trade of third parties and transfer them to the wallet so that they may begin to be exchanged.
The best qualities of the Atomic Wallet are its pricing, currency, and token. Wallet users have powerful private key encryption and free custody solutions leading to an uncompromising level of safety. Users finally have complete control over their currency. In addition to the safety and ability of your bank card to purchase bitcoin directly in the Wallet. Users may buy cryptocurrencies like Bitcoin, Litecoin, or TRX using their bank cards utilizing an Atomic wallet.
The wallet accepts major international currencies such as USD, EUR, and any other local currency throughout the globe.
Best Tron Wallets FAQs
What is TRON (TRX) freezing?
Tron freezing is a process in which you can easily stake your coins and can earn passive profit from there. There are many platforms such as Tronblocks which allows you to stake your TRX coins.
Is it good to buy Tron now?
The TRON coin offers the capacity to run numerous decentralized apps backed by blockchain technology. In addition, its future potential and the inexpensive cost to lead the Web 3.0 above make it an excellent purchase.
What is Tron private key?
The private key is a code of 64 characters spanning from 0-9 to A-F. You may use and access your TRX. Anyone who has access to this key can use your TRX, therefore you must keep it secure at any time.
Our Verdict
In other words, Tron aims to be a decentralized content sharing platform for entertainment. The concept is that creators of content may deliver their material in a variety of media without having to pass via traditional intermediaries such as YouTube and Amazon. Such dynamic would allow content producers, instead of having third-party platforms cut off every single step of the process, to send their ideas right to their audience by getting financing.
Tron will eventually even do so in order to allow individuals to manage their content initiatives through personal ICOs. The world’s blockchain is only really beginning when Tron and platforms such as it actually can take off.
