Since its launch in 2017, Tron has grown rapidly to become one of the most popular public chains in the crypto space. As a leading decentralized digital platform focused on providing entertainment, Tron is powered by its original token, Tronix (TRX), which powers various online events.
TRX is positioned to remain a top tier cryptocurrency primarily due to its superior technical features that enable fast and convenient peer-to-peer payments. Storing TRX tokens in online or hardware wallets not only allows you to transact quickly between platforms, but also gives you access to products designed to decentralize the network.
After extensive research and in-depth analysis, we have put together the best Tron wallet guide to give you reliable information on where to store your TRX.
Let’s begin to explore the different aspects of TRX storage and management.
What to look for in a Tron wallet
Before we look at the best Tron wallets for storing Tron tokens, let’s look at some important factors to consider before choosing a particular wallet. I’m:
Security and privacy
In this era of increasing cyber security breaches and hacking, the most secure Tron wallets should use the latest advanced technology to ensure privacy and security. These measures include two-factor authentication (2FA), anti-phishing email clauses and recovery clauses.
TRX token compatibility
No crypto wallet is compatible with all cryptocurrencies. However, most cryptocurrency wallets integrate easily with the Tron blockchain to facilitate TRX storage. Compatibility is essential to avoid losing tokens.
Easy to use
Whether you are a beginner or an expert, the best Tron wallet should be simple and easy to use. A clean, easy-to-use interface lets you access all the information you need at a glance.
Good customer support
Easily accessible customer support gives you peace of mind if you get stuck and need more help. Extensive FAQ sections and interactive live chat options are welcome additions to the wallet’s customer support.
Private key management
There is a common saying in cryptocurrencies: “no keys, no encryption”. Therefore, the best Tron wallet should give you complete control over your private keys at all times.
Consistent feature updates
Check if the team behind Tron wallet is actively updating the wallet with better and more advanced security features. Continuous development ensures that the product keeps up with the latest trends to increase efficiency and enhance the user experience.
As Tron’s official online wallet, Tronscan is a popular choice among TRX holders. As a decentralized block explorer on the Tron blockchain, Tronscan offers you more than just storing your TRX tokens. In addition to the wallet, it can also perform transaction queries, generate tokens and retrieve data statistics.
One of Tronscan’s distinguishing features is its advanced safety design. Only Tronscan provides basic data protection support. However, pairing it with the Ledger Nano X wallet enhances its security features as users can store their private keys offline on the device, minimizing theft and hacking.
The advice here is to take extra precautions to keep your keys safe. By creating and using bookmarks, you can protect yourself from phishing sites, for example.
Tronscan Wallet is also easy to use and create. Creating an account in Tronscan is quick and easy. All you need to do is create a wallet, enter a password, and get an encrypted key that you need to write down (because it’s only created once).
Tronscan’s interface is also user-friendly with minimal clutter. Plus, your transaction history and balances are clearly visible, making trades and exchanges easy to navigate and execute on the go.
Through its blockchain voting system, Tronscan offers users the effortless ability to freeze their TRX and earn passive income. Users can also wager their tokens on the Tron blockchain to receive TRX rewards.
Also known as Tron Android Wallet, this mobile app is Tron’s recommended wallet for Android users. It’s easy to use and decentralized, allowing for P2P payments and storage of major cryptocurrencies, including Bitcoin, Ether, and TRX. The wallet is available in over 30 languages and serves crypto enthusiasts in 183 countries.
Military-grade encryption ensures maximum protection of sensitive data. Strong encryption ensures that third parties, including the TRON Wallet team, cannot access your keys. A 24-word recovery passphrase adds an extra layer of protection to your wallet. You can also enable facial recognition and fingerprint lock as additional security mechanisms in the application.
Tron Android Wallet doubles as a block explorer that allows users to write and search queries for transactions, nodes, and data statistics. Transactions are executed quickly and securely and recorded directly on the blockchain.
The multifunctional interface and built-in browser add to the functionality of this application. As a user, you have access to the latest DApps and decentralized products at the touch of a button. With its simple interface, you can easily send and receive tokens with no fees. You can also enable smart contracts in the wallet and redeem low conversion rate tokens.
The regular release of new versions of this wallet ensures that users have access to the latest technology and security updates. The help feature in the app is also great as users can get instant help if they get stuck or get clarification on anything in the app.
All these features make Tron Wallet the best Tron wallet for Android. It’s easy to download from the Google Play Store and only takes a few minutes to set up.
Another popular Tron wallet is TronLink, a decentralized wallet that gives users superior control over their crypto assets. According to the official website, the wallet has over 10 million users, as well as many developers who work tirelessly to improve their wallets as they build the Tron ecosystem.
In particular, TronLink has advanced security features such as local storage of private keys for greater security and multi-layered encryption with a complex algorithm. TronLink is one of Tron’s most versatile wallets and is fully compatible with all tokens on the blockchain, including TRX, TRC-10 and TRC-20 tokens.
The wallet is also packed with user-friendly features that are convenient, simple, and reliable for any TRX owner. First, it can be connected to the Tronscan blockchain explorer. The import/wallet creation feature also makes it easy to create and integrate your tokens into your wallet. TronLink also supports HD wallets, importing Tron coins from Ledger Nano X wallet via Bluetooth and creating multiple accounts in the wallet.
TronLink is suitable for all types of users. It can be downloaded for Android and has a browser extension for Chrome. It is also one of the best Tron wallets for iPhone and is easy to download from the App Store.
Ledger Nano X Wallet
As one of the pioneers of cold wallets, Ledger Nano X offers a solid and secure way to store your TRX. Investing in Ledger Nano X ensures that your Tron coins are kept in a state-of-the-art hardware wallet with exemplary security features.
As a hardware wallet, you can rest assured that your TRX device is stored offline, protected from the risk of hacking and other security breaches. When you register as a Ledger Nano X user, you will receive a 24-word phrase to help you recover your wallet.
Ledger Nano X lets you connect to Ledger Live, a platform that leverages the web3 revolution to help users purchase and manage crypto assets through cold wallets. The app allows you to monitor your portfolio in real time while keeping your hidden assets safe offline.
Setting up a hardware wallet is easy. All you have to do is turn on your device, create a PIN, and enter your recovery passphrase. To manage TRX you need to install the Tron app on your Ledger Nano X. After installing the app, you also need to create a Tron account and send TRX to it.