Simple Guide to the Best Tron Wallets in 2024
If you are planning to dive into the sea of cryptocurrencies, you will inevitably need a wallet to assist you in storing, sending or receiving your digital coins. This article is dedicated especially to Tron wallets, their features, and benefits. At the very beginning, I intend to start with those representatives which I’ve categorized as the best Tron wallets, right after you will be able to explore the whole list of service providers and of course I will get you familiar with the most popular features which could reflect on the overall performance of yours. Where to store Tron coins is a delicate matter, let me and walk you through the details and help you sort it out.
01.The Best Tron Wallets
Choosing the right wallet could be quite difficult if you don’t possess the needed knowledge and personal vision of your future intentions. As I explained in the beginning, they all share the same functions but because of the constantly growing market, the necessity of uniqueness is obvious. The differences between the TRX wallets providers are the features which they offer. The choice is fundamentally yours and it’s based on personal preferences, so, I can only show you the list of the best Tron wallets reviews and let you decide which one will be yours.
| Type | Name | Compatibility | Supported Coins | Features | Get Wallet |
|---|---|---|---|---|---|
| Desktop Wallets | Full Exodus Review |
16 Coins 76 Tokens |
– HD Wallet – Built-In Exchange – Hardware Support |
Download | |
| Hardware Wallets | Full Ledger Nano S Review |
80+ Coins 1100+ Tokens |
– HD Wallet – Open-source |
See Pricing | |
| Mobile Wallets | Full Trust Wallet Review |
9 Coins ERC20 Tokens |
Hierarchical Deterministic No Two-Factor Authentication |
Download | |
| Full TronLink Review |
1 Coin 4 Tokens |
– HD Wallet – dApp Support – Voting |
Download | ||
| Web Wallets | Full Magnum Wallet Review |
40+ Coins 1000+ Tokens |
– Built-in Exchange – Custom Fees – QR Scanner |
Visit Website |
Complete List of Tron Wallets
In case you were not able to find a good fit for you from the beforementioned Tron wallet reviews, I have prepared a backup list of all possible providers. Oh, in a manner of fact, I will skip a few representatives because they are badly developed and available only in Chinese or they are still beta versions. If you still want to check them out, you can find them on the official Tron`s website. Stay focused and read carefully, despite everything, they are products and the true meaning is always hidden in the context. Alright, have a look at the grid below and right after the table, I will tell you my secret tips about Tron wallets.
| Name | Type | Compatibility | Supported Coins | Security | Features |
|---|---|---|---|---|---|
| Abra | Mobile |
20+ Coins 6 Tokens |
Pin |
– Built-in Exchange – Fiat Gateway |
|
| Atomic | Desktop, Mobile |
30+ Coins 1000+ Tokens |
Passphrase |
– HD Wallet – Atomic Swap – Fiat Gateway |
|
| Bitpie | Mobile |
15 Coins 1000+ Tokens |
Pin |
– HD Wallet – Built-in Exchange – Multisig |
|
| Bitkeep | Mobile, Web |
9 Coins 1000+ Tokens |
Passphrase, Fingerprint, 2FA |
– Built-in Exchange – dApp Support – Financial Lending |
|
| Cobo Wallet | Mobile |
30 Coins 1000+ Tokens |
Passphrase, Pin |
– HD Wallet – dApp Support – Built-in Exchange |
|
| CoinPayments | Mobile, Web |
80+ Coins 1000+ Tokens |
Passphrase, Pin, Fingerprint |
– Fiat Gateway – SegWit Support – PayByName feature |
|
| Evercoin | Mobile |
17 Coins 2 Tokens |
Passphrase, Pin, Fingerprint |
– Built-in Exchange |
|
| Exodus | Desktop, Mobile |
25 Coins 79 Tokens |
Passphrase, Fingerprint |
– HD Wallet – Built-in Exchange – Hardware Support |
|
| Huobi Wallet | Mobile |
14 Coins 1000+ Tokens |
Passphrase, Fingerprint |
– HD Wallet – Built-in Exchange – Hardware Support |
|
| Ledger Nano S | Hardware |
80+ Coins 1100+ Tokens |
Passphrase, Pin, 2FA |
– HD Wallet – SegWit Support – Open-source |
I presume you are now well informed regarding the available wallet options on the market currently, but that won’t be enough to make the right pick. Think about your plans and more specifically how you intend to use the wallet, let me clarify. For example, if you aim to store huge amount of Tron coins there, I will tell you straightforward that mobile wallet won’t be the best solutions. That’s because mobile phones are exposed to million threats every day, they stay connected to the internet all the time and that is increasing the chances of hack attacks. To keep your funds safe, you can purchase a hardware wallet and solve your issues. For daily use, mobile wallets are a perfect choice, but I won’t recommend it for savings. The most interesting part is up next, the features.
02. Common Features of Tron Wallets
The truth about TRX wallets is that they all offer different features and those which as most commonly used are oriented to the security of your digital funds, more about them I will explain in the next paragraph.
Security and Privacy
When people speak of digital currencies, there’s always a glimpse of hesitation and concern regarding digital security obviously because our technology is getting more and more complicated each day. That’s the reason why, the common features of Tron, mentioned underneath, are concentrated over the personal security factor. Apart from the Open-Source-code and the HD wallets, with some wallet, you can also find Two-Factor-Authentication, a perfect supplement which ensures restricted access to your account.
Built-in Exchange
A feature which allows users to quickly convert one coin to another without the need to send assets outside the wallet
Hierarchical Deterministic (HD)
It offers the opportunity to create a code phrase of words called “seed” which will be used in cases of forgotten or stolen password. You also will be able to issue multiple addresses using the same “seed”.
Secure Tron Wallets To Consider
Transaction Fee Management
To create transactions on the network, you’ll need to pay 1 Bandwidth Point (or BP) for each byte of data that transaction is worth. Earning BP can be done in two ways – by freezing your TRX as a form of staking or receiving them for free – 5000 bandwidth points daily.
If you happen to create a smart contract, any funds transferred to that smart contract will be charged a fee accordingly, but any following transactions, resulting from the contract’s completion, will be free of charge.
The initial cost of funding the smart contract will be charged to the creator of that contract. If his BP balance is low, the remainder will be taken from his earnings from the smart contract and only then, if the funds are insufficient, will his TRX coins be reduced accordingly.
03.FAQ
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Who validates the transactions on the Tron network?
There is a group of 27 Super Representatives, which are elected by the community and they appear to be the bookkeepers of the Tron network. Their main functions are to verify and pack all transaction data broadcasted to the network. More additional information about SRs and the full list of them you can find in the Tron`s Blockchain explorer.
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Why is TRON’s network based on DPOS? How does POS differ from the original DPOS algorithm?
The development team believes that high data processing comes with a compromised level of decentralization. The POS consensus mechanism is an adjusted version of DPOS which ensures proper reward for token holders, giving them the chance to make changes to the network.
04.About Tron
The Tron project is a decentralized blockchain based cryptocurrency, which was initially an ERC20 token on the Ethereum network. In June 2018, the project officially launched its main-net and migrated all TRX tokens to its own blockchain, this date is known as Tron independence day.
Justin Sun is the current CEO of the Tron Foundation which was established in September 2017. The main page of Tron shows its intentions to create a global entertainment ecosystem which is free to use. It supposes to eliminate the middleman and let creators and consumers exchange information in a peer-to-peer network. All creators are able to publish, store or own their content and of course interact with consumers via decentralized trading of crypto assets. Tron protocol promotes high scalability to support the decentralized application, encouraging users to create their own entertainment applications(Dapps). Precise consensus mechanism ensures low cost for solving identifications or personal credit issues of online transactions. The point-to-point transactions are implemented as an improvement of the traditional centralized settlement. Tron`s peer-to-peer design makes the entertainment content way cheaper and easier to obtain thanks to the absence of 3rd party serving as a middle point between creators and consumers.