Best Wallet For Tron: Safely Store TRX
You already know how important it is to safeguard your cryptocurrency. Otherwise, you wouldn’t be wondering about the best wallet for Tron. Fortunately, there are plenty of options on the market for keeping your Tron in a safe place. But there’s more than one type of crypto wallet, right?
Best Tron Wallet On The Market
In my review of the best wallet for Tron, I’ll go through which mobile wallet, desktop wallet, online wallet, and hardware wallet is ideal for protecting your TRX.
So what are we waiting for? Let’s jump right in!
Best TRON wallet on the market
No matter what kind of wallet you prefer, you’ll have no trouble finding options for storing your Tron cryptocurrency.
However, the type of wallet you prefer may not be the ideal choice for someone else.
That’s why I’m breaking down the best Tron wallets by category.
Let’s start with Tron’s mobile wallet.
Some people like to take their Tron on the go, which is why mobile wallets are handy to have.
Whether you prefer iOS or Android, with your Tron mobile wallet, you’ll always know the status of your crypto.
TRON mobile wallet
The official TRX wallet is promoted by the Tron foundation, which suggests holders use it due to its features and functionality.
This wallet has an easy-to-use interface plus a cold wallet option that makes it simple to keep and protect your crypto assets.
Tron’s mobile wallet is protected by a 24-word recovery passphrase, which helps secure your wallet even further.
Whether you use Android or iOS, Tron’s mobile wallet is ideal if you need to access your coins while you’re out and about.
Tron wallet can not only store your TRX but can also keep any other token available on Tron’s blockchain.
Additionally, your private keys are all stored locally, which adds another layer of security to the wallet.
However, bear in mind that if you want a mobile wallet that will allow you to store other cryptocurrencies like Bitcoin or Ethereum, then you’ll need a different type of wallet.
- Supported by the Tron Foundation
- Easy to use
- Secure, open-source mobile wallet
- Available for both iOS and Android
- Can only hold TRX and tokens on the Tron network
- Not as secure as a hardware or cold storage wallet
How do you withdraw TRON from TRONwallet?
If you want to move your TRX tokens to a different wallet, the process is simple and straight forward. First, copy the address of the receiving wallet. Then, find TRX in your Tron wallet and paste the address you copied.
Next, enter the amount of Tron you want to withdraw. Click the ‘Send’ button and wait for your funds to move. That’s it!
The next cryptocurrency wallet on our list of best wallets for Tron is a desktop wallet.
This is a wallet you download to the desktop of your computer to manage your crypto.
For our list, we chose Exodus, which is an excellent multicurrency wallet.
While Desktop wallets are considered hot wallets because they’re always connected to the internet, they’re still more secure than many mobile and hot wallets.
This is because the technology behind them and the resources available through your computer give them the ability to create safer storage capabilities.
But we want to know why Exodus is a good Tron wallet, right?
For starters, Exodus gives users a lot of features.
You can check the balance of your TRX quickly and easily or exchange your coins for another cryptocurrency, all right in the wallet itself.
You read that right. The wallet has a built-in cryptocurrency exchange.
So if you want to trade your Litecoin for Tron, you can do so right in the wallet.
You can perform a wide variety of transactions from within the Exodus app.
You don’t have to move your TRX to a different exchange or wallet, which makes this wallet an excellent option.
Additionally, the software is user-friendly, and the user interface is intuitive and easy to use.
If you’re looking for a desktop wallet, this one is tough to beat.
- Multicurrency wallet
- Built-in crypto exchange
- Supports staking
- Mobile device support
- Excellent design and user interface
- Currently doesn’t support two-factor authentication.
- Cannot purchase crypto in-app
- No crypto to fiat option
An online wallet is a web wallet that is always connected to the internet.
While these wallets aren’t considered secure as their cold wallet counterparts, you always have the latest information about your digital assets.
Altcoin.io is a decentralized trading wallet that offers ease of use to those who use it.
If you’re new to the idea of decentralized trading, Altcoin.io aims to make it as simple and pain-free as possible.
The second you create your atomic wallet swap, a 12-word passphrase is generated for security.
The advantage of using the Altcoin.io wallet is the control it gives you over your TRX coins.
With an atomic swap, you decide how much you’re trading, and since the process is entirely decentralized, you’re not paying a bunch of fees to a centralized entity like Binance or Coinbase.
- No centralized exchange involved
- Users have 100% control over their coins
- Completely trustless transactions
- New technology can be difficult to grasp
- Always online, so more susceptible to hacks
The last two Tron wallets on our list are hardware wallets.
These are physical devices that keep your TRX coins safe through a variety of security features.
Trezor and Ledger are two of the best hardware wallets in the market.
The first hardware wallet you could ever get your hands on was developed and launched by Trezor.
Created by Satoshi Labs, Trezor is well-known for providing excellent security, protecting your TRX against both virtual and physical attacks.
This small device comes with an OLED screen and connects to your computer via USB.
If you have large amounts of crypto you want to protect, Trezor’s purpose is to keep your private keys safe while security signing and verifying wallet transactions.
The wallet isn’t going to win any style awards, but it more than makes up for it by keeping your TRX secure.
Trezor is a multicurrency wallet that supports BTC, ETH, LTC, XRP, and many others. Additionally, it works with Windows, OS X, Linux, Android, and iOS devices.
- Support for most popular cryptocurrencies
- Works with multiple operating systems
- Advanced security features keeps your coins safe
- Portable and easy to use
- Built-in OLED screen
- Doesn’t support as many coins as other hardware wallets
- A bit on the pricey side
When it comes to crypto hardware wallets, Trezor is among the best there is. It’s easy to set up, secure, and affordable. Trezor hardware wallets allow you to send and receive all your favorite cryptocurrencies while providing the privacy and security you need to keep your digital coins safe.
Trezor is one of the highest-rated hardware wallets on the market, so be sure to visit their website and order your favorite one.Visit Trezor
Ledger Nano S
If you’re new to the world of hardware wallets and want one to hold your TRX, then the Ledger Nano S might be the best device for you.
This Ledger wallet offers all the features and functionality you would expect from a high-quality hardware device.
It is reliable, secure, and easy to use.
Additionally, with the Ledger Live software, you can easily store and hold all your Tron coins.
Through the software’s interface, you can view your coins, manage your assets, and send and receive TRX or any other crypto that you own.
The great thing about the Ledger Nano S is that you don’t have to mess with any other cryptocurrency if you don’t want to.
If you only want to use and hold Tron, the Nano S allows you to do so.
- Supports multiple cryptocurrencies
- Easy to use
- Keeps coins safe and secure
- Portable device
- Only supports a few coins at a time
- Two small buttons makes navigation and screen usage a challenge
If you don’t want to mess around with software wallets, you should check out the Ledger Nano S. This affordable hardware wallet is a great way to keep your coins safe and secure. With support for nearly every coin on the market, it’s tough to go wrong with the Nano S.
To get your hands on this high-quality, affordable hardware wallet, visit the Ledger websiteVisit Ledger Nano S
How to add TRX to Ledger Nano?
You can load your Tron onto your Ledger Nano in just a few quick steps:
- Download and install the Tron app onto your Ledger Nano device.
- Open the TronScan app and select Ledger from the drop-down menu.
- Open the Tron app in your Ledger Live software.
- Confirm the wallet address on your Nano S and copy it.
- Enter your Tron address into the ‘Send’ field of the sending wallet.
- Provide the amount of Tron you want to send.
- Confirm transaction through two-factor authentication.
- Check email address and confirm your transaction.
- Wait for the network to process the transaction.
- View the transaction in the TronScann app to verify the transaction completed successfully.
Does TRON have a future?
The future of Tron is difficult to pinpoint.
On one hand, CEO Justin Sun is a polarizing character, drawing attention to the project and the potential behind it.
If the project team can successfully implement its plans, the currency has the potential to make significant strides in the crypto market.
As the entertainment industry continues to grow, so too will the value of Tron.
However, many point to a saturated market and lack of innovation by the project as reasons to be concerned.
There are many in the industry that expect the coin to continue to grow, but as with any cryptocurrency, it’s always important to invest wisely and cautiously.
Tron offers plenty of reason to be optimistic about the project, but before you spend all your money on TRX, be sure you do your research. With crypto, it’s important to make educated, informed decisions.