Provider
Type
Hardware Wallet Compatibility
Security
Our Score
Hardware
YES
Very Secure
YES
YES
  • Bitcoin
  • Ethereum
  • Cardano
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Software
Trezor, Ledger
Secure
8.7
YES
YES
  • Bitcoin
  • Ethereum
  • DASH
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YES
YES
  • Bitcoin
  • Ethereum
  • Litecoin
  • + 80 more
Software
Ledger, Trezor
Secure

Tron is undoubtedly a very popular cryptocurrency project. It seems to have everything required for success - a great vision, a strong team behind it, and a clear plan for the future. However, the one thing that you are going to need in order to start trading and investing in TRX is a reliable wallet.

Same as with most other cryptocurrencies, Tron has a pretty broad selection of wallets that you could utilize. However, even though all of them are going to be different on their own accord, some are going to be better than others.

Today, we’re going to try and figure out the best Tron wallets - whether it be desktop, hardware, or else. If you’re looking to purchase some TRX, read on - some contenders on this list might surprise you!

The Different Types of Tron Wallets

Before we go ahead and jump into the list of the best Tron wallets of the year, there are a couple of things that are important to discuss. For starters, you should be aware of all of the different Tron wallets that are out there.

While crypto wallets, in general, are often categorized in four or five different categories, for simplicity’s sake, we’re going to stick to two - hot and cold ones.

As we discuss both of these types of wallets ahead, please keep in mind that the tags are used as umbrella terms - however, as far as this list goes, it should be sufficient.

Hot Wallets - The Peak of Convenience

The term “hot wallet” refers to cryptocurrency storage that maintains a constant connection to the internet. An example would be a Tron desktop wallet (software), a web browser extension, or a website-based one.

Hot wallets are probably the most common wallets that you’ll find, as far as storing Tron is concerned. This is due to their accessibility - if you’re using a hot wallet, chances are that you’ll be able to access your cryptocurrencies (in this case - TRX) in a matter of seconds.

Tron wallet: Binance.

By extension, a mobile app-based Tron wallet can be considered a hot wallet, too. As you can probably imagine, app wallets are super-popular, especially among people who trade TRX coins on a day-to-day basis. Such wallets allow you to access your TRX on the go, wherever you might be located - I mean, you probably have your phone with you all the time!

Not the case with a computer, though.

So, hot wallets are very accessible, usually completely free to use, and beginner-friendly. What’s the trade-off?

Well, typically, a Tron desktop wallet isn’t going to offer you the “best possible” security. If you choose to use a high-end wallet, sure - it will be secure. However, break-ins and hacking attempts do still happen.

Now, before we move on to discussing cold Tron wallets, there is one more type of hot wallet that needs to be mentioned, and that you can expect to see on the list ahead - exchange-based storage.

Tron wallet: Exodus.

That’s right - you can store and keep your TRX coins on a cryptocurrency exchange - the same one that you’ve bought them on. If you’re searching for the best Tron wallet, you’ll quickly notice that this is a rather contentious point - people have very different opinions on whether or not this is a good idea. We’ll get to that in due time, though.

Cold Wallets - The Beacons of Security & Privacy

On the opposite side of hot wallets, you’ll find cold ones. These are (usually) special devices that are dedicated to keeping your cryptocurrencies as safe as they virtually can be.

A “cold wallet” doesn’t have to be a “device”, though. If you’d like, you could go ahead and use a Tron paper wallet - that’s completely in the realm of possibilities! However, paper wallets are fragile - they can end up being burned or damaged by water (or simply crumpled), and thus, people are usually keener on using hardware devices than Tron paper wallets.

So, what’s so special about hardware Tron wallets, you may inquire?

Well, one, single word - security.

Tron wallet: a representation of a cold wallet.

Hardware cryptocurrency storage, in general, has become synonymous with the aspect of keeping your cryptocurrencies as safe as possible. There is no better alternative, security-wise - if all you care about is maintaining the ownership of your TRX coins, then you should definitely look into a hardware crypto storage device.

With that being said, though, it’s worth mentioning that not everything is perfect, as far as Tron cold storage goes. There are shortcomings that are going to be common with both Tron paper wallets, and also high-end, advanced hardware devices.

LEDGER NANO X TREZOR MODEL T

Pros

  • Can be managed from mobile device
  • Very secure
  • Supports more than 1500 cryptocurrencies
  • Comfortable design
  • Top-notch security
  • Touchscreen user interface
  • Easy to set up
  • Supports around 1000 crypto assets

Cons

  • Relatively expensive
  • Bulky design
  • Pricey

Value For Money

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Table: The pros and cons of the Ledger Nano X and the Trezor Model T

The most common complaint that people have concerning cold storage devices is that it takes a decent amount of time to transfer your funds in and out of the wallet. If you have a Tron wallet on, say, an exchange, you can swap different cryptocurrencies instantly - if, however, you keep your TRX coins in a cold storage device, this process is going to take some time.

Pricing is another point worth considering. While this doesn’t really apply to Tron paper wallets (for obvious reasons), if you’re planning on purchasing a cold storage device, you should take into account that it’s going to cost you some money. Not something that you’d need to consider with a hot wallet, though.

Tron wallet: the Ledger Nano S on a pile of Bitcoins.

It does make sense, when you think about it. These hardware devices in question are some advanced pieces of crypto storing technology - they work to keep your private keys, well… Private! It’s only logical that such devices would come with an added price tag.

We’ll discuss the specifics of each of the wallets as we get to them, though. So, without lingering around any longer, let’s move on to the actual list of the best Tron wallets of the year, and try to find the perfect wallet for you!

1. Ledger Nano X - A Leader in the Crypto Wallet Field

Ranks #1 out of 7 Crypto Exchanges

Ledger is a household name in the realm of hardware cryptocurrency wallets. Naturally, it’s a name that you can expect to come across on a list of the best Tron wallets, too!

Here, however, we’re going to discuss the Ledger Nano X. This is the advanced version of the company’s older, flagship hardware wallet - the Nano S.

Admittedly, the Nano X model does bring  A LOT of new improvements to the table.

For starters, there are some non-Tron-specific features that you, as the user of the wallet, will be able to utilize. The Nano X supports a huge range of different cryptocurrencies and crypto tokens - meaning, it can act both as a Tron wallet, and also as a shared wallet for many other cryptos, too.

The device is, naturally, extremely secure. It requires you to enter your PIN codes upon every single action that you might partake in, and utilizes the top security features that the industry has to offer. Your private keys are as safe as they can be - Ledger (the company) has no access to them, and thus, the wallet is a non-custodial option. Amazing!

When it comes to being the best Tron wallet on the market, the Ledger Nano X offers its user the chance to send and receive TRX coins, and also stake them from within the wallet! Staking will earn you some rewards, and since you can do it from the comfort of your Nano X, there is no potential risk that your coins might be stolen.

The wallet itself is quite simple to use, and will suit even crypto newbies and industry newcomers. It features a slick and fancy design, and feels really sturdy - a major improvement from the older model. The Nano X does also come with some drastically improved button functionality - Ledger has definitely created an amazing product!

The only notable complaint that some customers have regarding the Nano X is that it’s pretty expensive. The wallet will cost you around $119. However, you can expect to receive free shipping, which does mitigate the potential price tag rather notably.

All in all, if you’re looking for the best wallet for Tron, you cannot go wrong with the Ledger Nano X. Definitely one of the best options on the current market!

Visit Ledger Nano X
...or read our Ledger Nano X review

2. Ledger Nano S - An Amazing “First Wallet” Option

Ranks #2 out of 7 Crypto Exchanges

The Ledger Nano S is the company’s flagship product - the hardware wallet that put Ledger “on the map” of many crypto enthusiasts, so to speak.

With that, though, it’s worth mentioning that the Nano S isn’t placed on this list of the best Tron wallets simply due to a collective feeling of nostalgia. While the company does have a new-and-improved version of the wallet, the Nano S can still hold its ground - big time.

Furthermore, I would actually go as far as to say that the Nano S might just be the perfect wallet for any beginner TRX trader or hodler. Hear me out.

The particular wallet in question offers its users all of the essential features that you could come to expect from a high-end hardware wallet. It’s secure, reliable, and relatively simple to use.

On top of that, the Tron wallet in question allows its users to access the Ledger Live interface, same as the Nano X. Ledger Live is a very well-made user interface where you can view, manage and transact in the different crypto coins that you possess. TRX is no exception.

Tron wallet: the Ledger Nano S.

Now, what makes Ledger Nano S the perfect cryptocurrency wallet for crypto beginners?

Well, a few things, really!

For starters, the wallet supports fewer coins than its more-advanced version. This means that, if you’re a beginner crypto trader and are still only looking at a few main coins that you’re interested in (or maybe even only Tron, for that matter), you won’t need to bother yourself with diving head-first into the broad crypto market.

The Nano S is also much more affordable than the Nano X. The flagship model will cost you around $59 - truth be told, that’s an absolute bargain! Unlike the Nano X, though, you will have to pay a shipping fee - while it may range depending on your location, it shouldn’t be too high.

If you decide to purchase the Ledger Nano S as your choice for the best Tron wallet, make sure to do so from the company’s official website. The golden rule with hardware wallets is simple - never buy from a third-party retailer!

Visit Ledger Wallet
...or read our Ledger Wallet review

3. Binance - Perfect for Active Traders (Multiple Trading Pairs)

Ranks #3 out of 7 Crypto Exchanges

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Binance is, admittedly, primarily a cryptocurrency exchange platform. That’s what it’s most commonly used for, too - to trade one cryptocurrency for another, or to purchase certain crypto coins with fiat money.

That said, however, Binance can surely act as a hot wallet, no problem.

One of the main features that make Binance one of the best Tron wallets is the fact that the exchange has a wide selection of TRX-related trading pairs. While this is a rare sight to see, it’s also not very surprising, given that it’s Binance that we’re talking about - the exchange is known within the community for having the widest range of crypto trading pairs, in general.

Here, you will be able to purchase and sell TRX, and also trade this crypto for some other altcoins, and even Bitcoin.

Why should you keep your Tron coins on Binance, you may inquire? Well, simple - it’s the perfect place for storing TRX if you’re an active trader.

Tron wallet: Binance.

Day traders are people who are constantly researching the market, and trying to flip their cryptocurrency of choice for a fiat profit. For this type of trader, every minute counts - especially in a market as volatile and seemingly-unpredictable as crypto.

If such a trader chooses to use Binance as the best wallet for Tron, they’ll have all of their coins ready to be traded at any given point in time. No need to transfer TRX from a separate wallet onto the exchange - this, in turn, save a lot of time.

Naturally, the main argument that some skeptics are going to put forward will have to do with the security side of things - exchange-based wallets are usually deemed to be less-than-safe, especially when compared with hardware ones.

To that I say - it’s true! However, only to a certain extent.

This is completely true with some shady crypto exchanges - you would never want to use them as options for a Tron wallet. However, when it comes to Binance, it’s one of the most reliable and most widely-used crypto exchanges in the industry - naturally, it does also possess some top-tier security features, too.

If Binance sounds like a platform that would suit your wants and needs, and you’d like to try it out as an option for the best Tron wallet for yourself, you can check it out here.

Visit Binance
...or read our Binance review

4. Trust Wallet - A Mobile Wallet for Your TRX

Ranks #4 out of 7 Crypto Exchanges

The Trust Wallet is a rather interesting and unique option as far as the best Tron wallets are concerned. This is the case due to a couple of reasons.

For starters, the wallet actually belongs to Binance - a cryptocurrency exchange that has, evidently, found its way on this list, too. It’s noteworthy, though, that the Binance wallet that you’d use to keep your crypto assets whilst using the exchange and the Trust Wallet are two different entities.

You see, the Trust Wallet is a mobile-exclusive hot wallet. There is no web version, and no Tron desktop wallet equivalent - it can only be found as a mobile app, either for iOS or Android devices.

This does, automatically, bring a huge benefit to the table - this particular Tron wallet is going to be super-popular among a wide range of people who want to access their TRX assets on the go.

Whether it be a family meeting or a business flight, it can be difficult to carry a laptop around with you everywhere you go. Well, “difficult” probably isn’t the word - impossible is more like it.

Not the case with a phone, though.

Tron wallet: the Trust wallet.

Our phones are always with us, no matter where we go. Granted that this is the case, if you use a mobile Tron wallet, you’ll be able to access your TRX coins whenever, and wherever. This is a huge deal for the vast majority of TRX holders, not to mention day traders!

It’s worth emphasizing, though, that the Tron wallet in question isn’t only great because it’s a mobile hot wallet. Trust is a secure and reliable crypto storage alternative - granted that it’s a Binance service, you can expect a certain level of quality and security to be in place.

Furthermore, the Trust Wallet supports a wider selection of cryptocurrencies and tokens - it’s not a Tron wallet, in the exclusive sense of the term. If you’re someone who’s looking to hold or trade more crypto assets and not just Tron alone, this is a great thing!

If you’re interested in the Trust Wallet, you can check it out here.

Visit Binance Wallet

5. Kraken - A Very Secure Platform

Ranks #5 out of 7 Crypto Exchanges

Kraken is one of the most popular cryptocurrency exchanges out there. Coincidentally, it can act as a top-level Tron wallet, too.

As far as this particular platform is concerned, the term “irony” comes to mind pretty quickly. You see, the general sentiment in the community is that exchange-based wallets aren’t very secure and reliable. While that may be fair in some specific situations, as far as Kraken goes, security features are what make this exchange as well-known and beloved as it is!

When you’re just starting out with Kraken as your Tron wallet, you’ll see that the platform has all of the generic security features that you’d come to expect from any top-tier exchange - 2FA, an on-site SSL certificate, high-end encryption, and so on.

However, there’s much more to be discovered.

For example, if you decide to keep your TRX coins on Kraken, you can rest assured that up to 95% of your assets will be stored in offline, cold storage devices. This makes Kraken a very secure option when it comes to the best wallet for Tron, since there is no way that a hacker can reach you offline-located funds.

Kraken also utilizes withdrawal confirmations (via email), suspicious activity monitoring, and even penetration testing. It’s definitely a platform that takes the aspect of security very seriously, which is naturally amazing news for anyone who’s looking for the best Tron wallet!

If you’re interested in Kraken, you can check the platform out here.

Visit Kraken
...or read our Kraken review

6. Cex.io - A Secure Web + Mobile Crypto Exchange / Wallet

Ranks #6 out of 7 Crypto Exchanges

Cex.io is often seen as one of the best exchanges on the market today. The platform has a lot of different perks that it provides to its users, and the fact that it can be used as a Tron wallet is just one of them.

For starters, Cex.io makes crypto-fiat conversions super-simple and straightforward. All that you need to do is pass some specific KYC verifications, and you’ll be able to exchange your cryptocurrencies into fiat money, and withdraw it to either your bank account, or even PayPal.

This, for a fact, is great for anyone who’s looking for the best Tron wallet in order to eventually make a profit out of their TRX trades.

Additionally, Cex.io has both a web and a mobile version of the exchange and wallet. Both versions are intuitive and simple to use - the mobile app is going to be great for people who want to access their TRX coins anywhere, and at any given point in time.

Another awesome thing about the app is that it doesn’t only act as an option for the best wallet for Tron, but also an exchange that can suit both beginners and expert traders, alike. There are different sections of the app aimed at different types of people - those experienced in trading crypto, and others who are just starting out.

All in all, Cex.io is definitely a great choice when it comes to the best Tron wallets - it will suit anyone who’s looking for a hot (exchange-based) wallet, and does also want to invest in alternative cryptocurrencies, not just TRX. If you’d like to try Cex.io out for yourself, you can access the platform here.

Visit CEX
...or read our CEX review

7. Exodus - A Modern and Multifunctional TRX Wallet

Ranks #7 out of 7 Crypto Exchanges

Exodus is a rare sight on this Tron wallet list, simply because of the fact that it’s a desktop wallet. There aren’t many of these lingering around!

Desktop wallets, in general, are an interesting concept. They are still considered to be hot wallets, simply due to the fact that there’s a constant connection to the internet being maintained, all the time. However, these wallets are still seen as being rather secure - more so than web-based ones - due to the technology behind them, and the way that your private keys are stored.

Now, then, what makes Exodus a good Tron wallet?

Well, Exodus offers users a wide range of features to explore - TRX-specific features, that is. You’ll be able to check your balances in a quick and simple-to-understand manner, and even trade and exchange (or sell) your TRX coins from within the software itself.

That’s right - all of the transaction processes can be done from within Exodus! There’s no need to transfer your coins to another wallet or exchange - this, in turn, makes Exodus a very conveniant option!

Another awesome feature of this particular wallet is that it’s actually super-modern. Upon downloading and launching the software, you’ll quickly notice that it features a beautiful and sleek design, and that the entire user interface is both intuitive, and also fun to use.

If Exodus sounds like your type of a Tron wallet, you can check it out here.

Visit Exodus
...or read our Exodus review

Where to Buy Tron (TRX)?

Now that we’ve discussed the best wallets for Tron, before I let you go, it’s worth mentioning one more thing - the main places where you can purchase some TRX coins for yourself.

Well, “mentioning” might not be the term to use here - rather, I should say “emphasizing”, since all of the best exchanges where you can buy and trade Tron coins have already been mentioned on this list.

You see, while Tron is definitely growing in popularity by the day, it’s currently in a bit of an interesting situation. It appears as if half of the best cryptocurrency exchanges on the market support TRX, while the other half wants nothing to do with it.

Tron wallet: the Tron website on a phone.

And it is that exact reason why finding a reliable place to purchase and trade in TRX coins is as important as it is. After all, what’s the use of even the best Tron wallet if you don’t have any TRX coins to store within it?

Since all of the exchanges have been mentioned already, I’ll simply give you a brief reminder of the main features that each of them posses:

  • Binance. An industry leader, Binance is known for having a huge selection of cryptocurrency trading pairs. TRX-related ones are no exception - Binance allows you to trade Tron in a safe and regulated environment, and is especially great for advanced crypto traders.
  • Kraken. Kraken is mostly used by people who are extremely cautious about their outlook on the topic of security. Kraken is a very safe crypto exchange - it employs a wide variety of different and industry-specific features in order to guarantee the highest levels of user data and crypto protection.
  • Cex.io. Cex.io is one of those exchanges that are perfect for people who want to day trade with TRX, and then eventually cash out their earnings into fiat money. The exchange in question allows you to do that very easily, offers great security features, and also some competitive fees.

Each of the exchanges mentioned above can, for a fact, act as Tron wallets, too. This only makes the entire ordeal of buying TRX that much more enjoyable - you get both exchange and coin storage functionality from one, single service provider!

With all of that said, though, it’s worth mentioning that, whatever the case might be, if you truly want the highest levels of TRX security, you should always choose a hardware cryptocurrency wallet. Quite frankly, there are no safer options on the market - not even a Tron paper wallet can beat hardware storage.

Tron wallet: a Tron coin in front of a graph.

Well, theorhethically it can, but seeing as paper is a very sensitive and wear-prone material, hardware devices are still considered to be a better alternative, either way.

Conclusions

So, then - we’ve reached the end of our list of the best Tron wallets of the year.

As you can probably see for yourself, it’s a pretty varied list! There are seemingly options for everyone - no matter if you prefer hardware, software, mobile, or even simply web browser-based wallets, chances are that you’ll be able to find a suitable option for yourself.

Naturally, hardware is the way to go - if you have the opportunity, you should always invest in a high-end hardware wallet. This way, you will be able to retain peace of mind knowing that your TRX coins are completely safe.

There are, however, other options, too. If, for some reason, hardware wallets aren’t really “your thing”, you can either pick a web-based wallet (i.e. Binance or Kraken), or a Tron desktop wallet (i.e. Exodus).

BINANCE EXODUS

Overall Score

8.5
8.1

Wallet Type

Exchange Wallet Software

Best For

Best for Storing Cryptocurrencies Best for Small Purchases and Day to Day Spending

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Verdict

Reliable and straightforward crypto wallet. A very beginner-friendly cryptocurrency wallet.
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Table: The main features of the Binance wallet and Exodus

If convenience is what you’re looking for, then exchange-based wallets are going to be best for you. They will allow you to both store and trade your TRX coins in a fast and efficient manner. Definitely worth considering!

All of that being said, I want to thank you for reading my list of the best Tron wallets out there! I do hope that you’ve managed to find a wallet that would suit your wants and needs, and that you’re also more knowledgeable about the field in question, in general. Remember - only purchase Tron on reliable and trustworthy exchanges!

Best of luck, and until next time!

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

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FAQ

What is the best Tron wallet?

Tron is supported by a wide selection of different cryptocurrency wallets. This includes web (browser), desktop, hardware wallets, and others. Now, the general consensus is that a hardware wallet - namely, the Ledger Nano X - is going to be the best option for storing TRX, at least as far as security is concerned. That said, you can also store Tron on some of the best exchanges on the market, too.

Can you store Tron on hardware wallets?

Yes, you can! However, as if writing this list of the best wallets for Tron, it's worth stating that Ledger seems to be the only major hardware crypto wallet company that allows you to store TRX coins within its products. Other major players (such as Trezor and KeepKey) do not seem to support Tron.

What types of cryptocurrency wallets are there?

In total, there are four big types of cryptocurrency wallets - online, hardware, software (app), and paper ones. Each of these types of wallets have their own features, benefits, and shortcomings, and are thus going to be suitable for different types of people, too. Security-wise, paper wallets are seen as the best alternative, while convenience-wise, software and online ones should be your go-to options.

What are “hot” and “cold” wallets?

Hot wallets are those crypto storage pieces of software that maintain a constant connection to the internet. As opposed to that, cold wallets are hardware devices that store your cryptos offline. Safety-wise, cold wallets are considered the best option - since they are always offline, you don’t need to worry about some sort of a hacker stealing all of your cryptocurrency assets.

Are hardware wallets worth investing in?

It depends, but in most cases - yes. If you’re just starting out with cryptocurrency trading and investing, a hardware wallet might be a bit of an overkill - it is generally considered that hardware wallets should be purchased once you have a significant amount of crypto, and want to keep it safe. If you’re an active trader, that can also dissuade the matter even further - trading-wise, software and online wallets are much more convenient.

Can you keep your cryptocurrencies in two or more wallets at a time?

Definitely! It’s also part of crypto storage best practices, too! Most cryptocurrency enthusiasts prefer to have a software and a hardware wallet - the former for easy access and trading, and the latter for safe storage. However, you can also utilize multiple wallets simply in order to make sure that your assets are safe and sound. This way, if one of your crypto wallets becomes compromised, you won’t lose all of your assets.