Tron (TRX) Wallets: 8 of The Best Storage Options
TRON is one of the top blockchain decentralized projects, with its coin TRX currently sitting in the number 11 position for highest market capitalization. That means it’s very popular, and it means plenty of people need a wallet to hold their TRX coins.
TRON initially launched with an ERC-20 token on Ethereum’s blockchain, but since launching its own main net in June 2018 the TRX token is a native token. That means you need a wallet that is specifically for TRON to store your TRX. It’s no longer enough to use any ERC-20 compatible wallet.
In this post we will take you through some of the best Tron wallets and storage options. This will include a number of hardware, PC, mobile and web based wallets. We will also show you how to securely keep your Tron in cold storage on a paper wallet.
Top 8 Places to Store Your TRX
When it comes to choosing a Tron wallet, you have to know exactly what your personal requirements are. These include factors such as regularity of use, wallet cost, security concerns or user experience. Of course, there is also a certain trade-off among these factors that you need to consider.
We have selected a list of eight of the best wallets to store your Tron. This is based on our selective criteria for security, user experience and community support.
Ledger Nano S (Hardware Wallet)
For security it’s hard to beat a hardware wallet, and the Ledger Nano S is one of the most highly rated hardware wallets available. It’s small and unobtrusive, and connects to your computer via the USB port, allowing you to securely store your private keys in an offline cold storage setting.
The Ledger device was designed with security as its top priority, and it combines a built-in screen with buttons to ensure hacking is all but impossible. When responding to onscreen instructions the physical buttons must also be used, so no hacker could intercept your transactions or steal your coins from a remote location.
Ledger Nano S Hardware Device
The Ledger Nano S is also great if you have coins besides TRX because it can be used to store over 700 other cryptocurrencies.
In order to use the Ledger with your TRX coins you’ll also need to download the Tronscan desktop wallet from Github. It’s not the friendliest user interface for those new to cryptocurrencies, but most people should get the hang of it fairly quickly.
The only downside of Ledger Nano S is the cost. As of November 2018 you’ll pay $99.99 for a new Ledger Nano S, but honestly it’s a small price to pay for the rock-solid security built into the device.
Trezor (Hardware Wallet)
Trezor is another hardware wallet that has support for TRX and is only slightly less than the Ledger at €83.49. Trezor is developed by a company in the Czech republic called Satoshi labs. Trezor is a multi currency hardware wallet and along with Tron it is able to store over 700 other coins.
Given that Trezor is a hardware wallet, this means that your Tron private keys are kept secure in an offline and cold environment. The hardware device will interact with the Trezor Bridge which connects your device with your chosen browser. Below is a screenshot of the Trezor User Interface.
Trezor Hardware Device UI
Much like the Ledger Nano, the entry level Trezor requires you to input information by toggling the two buttons. If you wanted a wallet with a slightly more simple user interface then you could consider the Trezor Model T at €180.29.
The Trezor Model T has a touch screen which makes inputting information into the device slightly easier. It also has some support for coins that are not included in the Entry level version. For example, coins such as Ripple XRP and Monero XMR are supported with the Model T.
Tronscan (Web Wallet)
I mentioned the Tronscan desktop wallet above, but this is a different Tronscan and from a different organization. This is a web-based interface and it makes for very convenient access to your TRX coins from any internet connected device with a web browser.
It’s not the most secure TRON wallet, and the user interface is somewhat ugly, but it is very easy to navigate and store your coins.
It also gives you easy access to information about your past transactions and account balances. And if you want to lock up some coins you can even do that without any troubles.
It isn’t a good idea to store a large amount of TRX in a web wallet like this, but generally speaking if you’re careful with your online behavior and with your private key you should be just fine.
Exodus (Desktop Wallet)
The Exodus wallet is widely recognized as one of the best multi-currency wallets available from a user interface perspective. It’s just downright beautiful to look at.
And desktop wallets are quite safe, especially if you’re safe in your internet browsing behavior.
Exodus Desktop Wallet User Interface
The Exodus not only supports storing TRON, it also supports nearly 100 other cryptocurrencies, and the team behind Exodus is adding more all the time. Plus you can quickly exchange your coins using the built in ShapeShift integration.
Exodus has versions available for Windows, Mac and Linux and gives you complete control over all of the digital assets you choose to store with it.
Tron Wallet Chrome (Browser Extension)
The next wallet included on our list is an extension for the Chrome browser, which makes it somewhat similar to the popular Ethereum browser extension MetaMask. If you’re looking for convenience in storing, sending and receiving TRX, the TRON Chrome extension might be for you.
You can download and install this browser extension in seconds and it’s pretty simple to use. It might be confusing for those new to cryptocurrencies to use a browser extension like this, but most people get the hang of it within minutes after downloading and installing.
One of the great features of the TRON Wallet Chrome extension is that all transactions made with it are signed offline, which provides extra security for your coins since the private keys are never transmitted online.
Tron Wallet iOS
So many people use smart phones these days and they all want to be able to access everything on the go. Apple iPhone and iPad users can download the TRON Wallet for iOS to access their TRX. The wallet is officially supported by the TRON Foundation and is the recommended iOS wallet for storing TRX.
Supported Tron Mobile Wallet on iOS. Image via iStore
The software for the wallet is open-source, so you know there’s nothing nefarious lurking in the code. And the private keys are stored locally by the app, which keeps your keys more secure.
It’s quick to download and install and has a simple and intuitive user interface that will be clear to nearly anyone. The only downside is that it can’t be used with any coins besides TRX, so if you hold multiple cryptocurrencies you’ll need another wallet for the others.
Tron Wallet Android
Android users shouldn’t be left out when it comes to mobile storage of their TRX, so here’s the Android mobile wallet app recommended for use by the TRON Foundation. Like the iOS version it makes storing and transacting a simple task, and has an intuitive user interface. It also features a cold wallet setup for the tightest security.
Android Wallet for Tron. Image via Google Play Store
Any private details in the application are password encrypted, and if you want more security you can create a 24-word recovery phrase, just in case your phone would go missing.
Like the iOS mobile wallet the only downside is that this wallet also only stores TRX, so you’ll have to look elsewhere for other coin storage needs.
TRON Paper Wallet
A paper wallet is considered by some to be the most secure method for storing TRX (or any cryptocurrency for that matter). That’s because a paper wallet is a completely offline method for storing coins.
When using a paper wallet your public and private keys are printed on a piece of paper. The setup can be done completely offline too, so your private keys are never exposed to the internet. Merely download the website files for this paper wallet generator and run it with your internet disconnected.
When created properly and stored with some precautions against loss, destruction or theft, it is nearly impossible for anyone to steal the coins stored in a paper wallet.
As you can see there are many options when choosing a TRON wallet, from browser extensions and web wallets, to mobile or desktop wallets, and even hardware wallets. And for those who want the most secure storage there are even paper wallets for TRON.
If you do decide to use a wallet that is not mentioned above, make sure that it is at least verified by the Tron Foundation. Malicious wallets are one of the most popular ways for hackers to get their hands on your all important private keys.
Irrespective of which wallet you do decide to go with in the end, make sure that you follow the cryptocurrency best practices. This includes keeping a solid backup of your seed words and keeping your PC free from malware.
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