Tron uses blockchain to disrupt the entertainment industry and revolutionize the way we share content. In other words, Tron aims to make the entertainment industry fairer, where creators can have a better share of financial rewards. This includes all kinds of entertainment, such as gaming, movies, music, and more. The blockchain is fuelled by its native cryptocurrency — TRX.
TRX is currently among 20 cryptocurrencies with the biggest market cap. That’s actually pretty good, given that there are thousands of less successful cryptos. The market capitalization for TRX is approximately $1.8 billion as of October 2020, and the circulating supply is more than 71 billion units out of the total supply of 100,850,743,812 TRX. Yet, this constantly changes, as people trade cryptocurrencies all the time, so make sure to check the fresh information about the market cap.
Tron is affordable, as the current price is about $0.026. Its all-time high was $0.3, while the all-time low was about $0.001, which was the coin’s starting price. If you had bought TRX when it was launched and sold it at this moment, you would have made an ROI which is more than 1000%.
Most importantly, Tron is listed by many popular online exchanges. However, to trade it successfully, you’ll need a place to store it — a Tron wallet. In this article, we’re going to cover some of the best Tron wallets. We will select several software and hardware wallets that we think offer great security and safety for Tron holders.
Best Tron Wallets in 2020
What makes a Tron cryptocurrency wallet good? First of all, it needs to accept this cryptocurrency. Truth be told, there aren’t many Tron-specific wallets out there, as most of them accept other cryptos as well.
However, just being able to store TRX is not enough, so we’ve listed the wallets that have the best service. Let’s start with the software ones.
This type of wallet can be installed on your device (PC, mobile, tablet, and more). Some can also be accessed from your browser. No matter how you prefer to use it, it’s important to select a cryptocurrency wallet that will give your funds maximum protection. Moreover, it needs to be intuitive and affordable. This way, you can quickly send and receive cryptocurrencies with minimal fees. We’ve created a sort of assessment test to select the best Tron software wallets. Here they are.
First of all, we wanted to find the wallets that only accept Tron, as we believe they will always make one step further in adapting the wallet to user needs. Therefore, if you only want to store this cryptocurrency, your primary choice should be Tron Wallet (stylized as TronWallet). Even though it can store several other cryptos (BTC, BTT, WIN, TWX), the main focus is on TRX, which makes it unique.
It’s fast, secure, and free to download. Moreover, it’s available as a mobile app or via a browser. The wallet offers completely free Tron transfers and stores your private keys in your phone, meaning they’re not shared with anyone but you.
If you’re a Tron enthusiast, and you would like to be part of the Tron network, TronLink offers a chance to hop on. It can be installed as a browser extension, and will instantly connect you to the ecosystem built around Tron. It means that you can also access various decentralized apps from your browser once you install TronLink.
In other words, it’s much more than a wallet, as it offers an entire set of features for Tron lovers. Nevertheless, it’s also a safe and secure wallet recommended by the Tron community. It’s open-source, meaning it comes with maximum transparency. Apart from Tron, TronLink also accepts TRC20 and TRC10 tokens.
Guarda is one of the safest wallets out there, as it comes with enhanced security protocols. Since it’s open-source, you can also take a look at its code to ensure how secure it really is.
The main advantage of this wallet is that it offers a wide range of cryptocurrencies, including Tron. Moreover, it has additional features such as in-wallet swaps, but these are way too expensive if conducted within Guarda. Therefore, instead of paying huge fees for swapping coins inside the wallet, it’s better to do that on a professional crypto exchange and use Guarda to store your coins.
Guarda is free and even offers professional customer support, as well as a huge community.
Cobo offers a mobile wallet that already has more than a million users. It accepts 500+ tokens, including some of the most popular coins, such as Tron, Bitcoin, Ether, and more. The wallet uses multi-signature, as well as 2FA to further enhance security levels. It is not open-source, which is a slight disadvantage. Still, the wallet has a great user interface, that you can further adjust as you see fit. The team that created Cobo paid special attention to localizing the wallet for different parts of the world.
Cobo is completely free of charge, though it’s usually not the first wallet that Tron users choose when they want to store their cryptocurrencies.
One of the features of cryptocurrencies is that they can be stored in a hard wallet. It’s a type of device that offers enhanced security compared to software wallets. Nobody can access your crypto funds except you, as long as your wallet is at hand. Therefore, if you prefer to store your TRX in a “cold” way, make sure to check out one of the following Tron cryptocurrency wallets.
Ledger Nano S
The only device that proved great for storing Tron was Ledger Nano, which comes in two models – Ledger Nano S and Ledger Nano X.
The S model is simpler, but it’s also the more affordable one, as it’s currently priced between $50 – $60. It offers all the basic functions that can help you securely store your Tron. Apart from TRX, it accepts 1,300+ other cryptocurrencies.
This model can be connected to your PC, but there are no options to connect it to your mobile wallet. However, all of that is available in Ledger Nano X.
Ledger Nano X
The X model is basically an improved (and newer) version of S. It comes with several great features, such as the ability to connect it to your phone. Moreover, it also features a display that shows you some of the most important pieces of information about your wallet. Compared to S, it’s also a bit bigger and twice as heavier (34g).
The biggest downside of Ledger Nano X is its price, as it currently costs $110 – $120.
Finally, paper wallets offer a unique way to keep your funds safe and away from the web. However, this method is widely regarded as unreliable, so you should use paper wallets carefully. So far, we’ve been able to find this option for you – a site called tronpaperwallet.org. It will randomly generate the public and private keys, as well as their QR codes. Your task will be to print that on paper and try not to lose it.
Using Tron Wallets for Making Crypto Exchanges at Godex.io
If you want to trade Tron against other cryptocurrencies, you need to use a good online exchange. To remain anonymous and keep security levels high, use Godex.io.
Using your Tron cryptocurrency wallet within Godex is a pretty straightforward process. Just choose the cryptocurrency you wish to purchase and pick TRX as a means of exchange — or vice versa. After that, you should enter how much you’ll buy or sell.
For example, let’s say that you want to sell Bitcoin to buy Tron. In that case, all you need to do is enter your Bitcoin wallet address and your Tron wallet address.
The site will generate a random address. After that, you must input the amount to be exchanged using your Bitcoin wallet and send it to the generated address. The exchanging process will then start and will be complete in up to several minutes. After that, you’ll receive your desired cryptocurrency right to your wallet. It’s an on-the-go exchange that requires minimum info from you.