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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 is a reliable Tron 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. Should you opt for free software wallets like Trust, or invest in a hardware wallet like the Ledger Flex?
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!
- Ledger Flex - Manage Tron With a 2.84-Inch Touchscreen
- Ledger Stax - One of the Most Advanced Wallets for Tron Yet
- Binance Wallet - Perfect for Active Traders (Multiple Trading Pairs)
- Ledger Nano X - A Leader in the Crypto Wallet Field
- Ledger Nano S Plus - An Amazing “First Wallet” Option
- Kraken Wallet - A Very Secure Platform
- CEX Wallet - A Secure Web + Mobile Crypto Exchange / Wallet
- Trust Wallet - A Mobile Wallet for Your TRX
- Exodus - A Modern and Multifunctional TRX Wallet
So, without further ado, let's get into it!
1. Ledger Flex - Manage Tron With a 2.84-Inch Touchscreen
Ranks #1 out of 9 Crypto Wallets
- + User-friendly design
- + Robust security
- + Long battery life
- + Thousands of digital assets
- + Free Ledger Recovery Key included
- - No wireless charging
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Ledger Flex has rapidly gained recognition as one of the best Tron wallets. Its innovative features and high-level security make it a top-tier choice for anyone serious about safeguarding their Tron assets.
For starters, Ledger Flex is a state-of-the-art hardware wallet. It boasts a sleek design with an aluminum frame, a Gorilla Glass touchscreen with an anti-glare coating, and a durable plastic back cover.
When it comes to Tron, Ledger Flex doesn’t disappoint. Like its predecessors, it supports TRX as well as TRC-10 and TRC-20 tokens, ensuring you can manage the entire Tron ecosystem from one secure place.
Its strong security measures, combined with regular firmware updates and Ledger’s proven track record in security, make Flex a powerful safeguard for your TRX.
Key Features
So, what makes Ledger Flex one of the best Tron wallets? Let's take a look at some of its key features to understand the product better.
- Third Party Compatibility. For those who want to dive deeper into Tron’s ecosystem, Ledger Flex can also connect to third-party wallets like TronLink or TronScan. This allows seamless interaction with dApps and advanced features like voting for Super Representatives.
- Modern Design. The 2.84-inch E Ink® touchscreen enables users to confirm transactions directly on the device. Add to that the device’s sound feedback and NFC capabilities, and you have a wallet built for both ease of use and great functionality.
- Intuitive App Portal. Through integration with the Ledger Live app, you can buy, send, receive, and even stake TRX with ease.
- Robust Security Measures. Security-wise, it features a CC EAL6+ certified Secure Element chip, providing the highest level of protection for your private keys. This ensures that your Tron assets remain offline and out of reach from potential online threats.
At $249, Ledger Flex positions itself as a mid-range hardware wallet with premium features. While it might be pricier than some other more basic hardware options, the investment is well worth it for those who prioritize security, functionality, and sleek design.
2. Ledger Stax - One of the Most Advanced Wallets for Tron Yet
Ranks #2 out of 9 Crypto Wallets
- + A brand-new design
- + Industry-leading security
- + Coin, token and NFT storage
- + High levels of customizability
- + Free Ledger Recovery Key included
- + Wireless charging
- - Pricey
UP TO $500 IN BTC
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When looking for the best Tron wallet, you should definitely consider Ledger Stax. It sets a new benchmark for secure, stylish, and intuitive crypto management. Whether you’re an avid Tron trader or someone deeply invested in the ecosystem of TRC-10 and TRC-20 tokens, Ledger Stax offers features that are perfectly tailored to your needs.
At the heart of Ledger Stax’s appeal is its revolutionary curved E Ink® touchscreen. The ability to customize the lock screen with your favorite NFTs or images also adds a personal touch, making it more than just a wallet but a statement of style.
Sending, receiving, and staking TRX is straightforward, allowing traders to maximize their returns while enjoying Ledger’s industry-leading security.
Security is, of course, the main selling point of any Ledger device, and the same goes for Stax. Its CC EAL6+ certified Secure Element chip ensures that your TRX and tokens are safe from online threats. Combined with Ledger’s trusted firmware updates and a tamper-proof design, the Stax guarantees that your Tron assets remain secure in any scenario.
Key Features
Now that you know what Ledger Stax is, it is time to examine some core features it has to offer. Is it the best Tron wallet for you? Let's take a look:
- State-of-the-Art Display. Unlike traditional hardware wallets, the Stax offers a 3.7-inch wraparound display, providing an unparalleled view of your Tron transactions and balances.
- Extensive Tron Ecosystem Support. For Tron traders, where speed and efficiency matter, Ledger Stax shines with its smooth integration into the Tron ecosystem. The device supports TRX and TRC-10/TRC-20 tokens natively through the Ledger Live app.
- Long-Life Battery. For traders juggling multiple transactions or working on the go, the Stax’s extended battery life is a lifesaver. Its efficient E Ink® display allows the device to last for weeks on a single charge, ensuring that it’s ready to go when you are - no interruptions, no downtime.
- Multiple Connectivity Options. One standout feature for Tron users is the Stax’s connectivity options. With USB-C, Bluetooth, and NFC, the device offers excellent flexibility.
The only downside for some might be Ledger Stax’s price - $399. It makes Stax the most premium hardware wallet in Ledger's product lineup. However, this investment reflects its advanced features, including the innovative curved touchscreen, robust security measures, and seamless integration with the Tron ecosystem.
3. Binance Wallet - Perfect for Active Traders (Multiple Trading Pairs)
Ranks #3 out of 9 Crypto Wallets
- + Multiple cryptocurrency support
- + Very secure
- + SegWit and Bech32 address support
- + Built-in exchange functionality
- + One of the most trustworthy names in the crypto world
- - Mediocre customer support
- - Not ideal for beginners
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As you might already know, Binance is primarily a cryptocurrency exchange platform. It is a place to trade one cryptocurrency for another, or to purchase certain crypto coins with fiat money. That said, Binance also offers a built-in hot wallet.
Here, you will be able to purchase and sell TRX, and also trade this crypto for some other altcoins, and even Bitcoin. So, why should you keep your Tron coins on Binance? Well, simple - it’s the perfect place for storing TRX if you’re a day trader.
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, saves a lot of time.
You can also try Binance's non-custodial wallet. It lets you manage Tron and other assets from your own device, giving you full ownership and flexibility while still connecting to Binance’s trading and DeFi features.
Naturally, the main argument that some skeptics are going to put forward will have to do with the security aspect - exchange-based wallets are usually deemed to be less-than-safe, especially when compared with hardware ones. 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, make sure you understand the pros and cons.
Key Features
Most of you already know what Binance is, and let's admit, storing your TRX in the built-in wallet sounds like the simplest solution. But, let's go through some of its key features before you decide if this is the best Tron wallet for you:
- Easy Access to Binance's Exchange. For those who value simplicity and convenience, using Binance's integrated wallet can be a great option since it is built into the exchange platform. No need to install another app or create another account.
- Decent Tron Trading Pair Options. One of the main features that makes Binance one of the best Tron wallet apps is its selection of TRX-related trading pairs. Currently, it supports TRX/USDT, TRX/FDUSD, and TRX/USDC.
- Multi-Asset Convenience. You’re not just limited to Tron here. You can store and manage hundreds of other coins in the same place. This makes it easy to keep your entire portfolio under one roof, without constantly switching between different wallets or apps.
- Good Security Measures. When you’re dealing with TRX or any other crypto, peace of mind is priceless. Binance’s built-in wallet comes with solid protection features like two-factor authentication, withdrawal address whitelisting, and advanced encryption to keep your Tron safe from prying eyes.
As I said, built-in wallets like what Binance offers can be great if you're actively trading your TRX or other crypto coins. However, if you're planning on holding your coins long term, I strongly suggest you combine it with other types of wallets, especially the hardware ones.

Did you know?
All Crypto wallets may look similar to you but they're NOT all the same!
4. Ledger Nano X - A Leader in the Crypto Wallet Field
Ranks #4 out of 9 Crypto Wallets
- + Can be managed from mobile device
- + Very secure
- + Supports more than 5,500 cryptocurrencies
- + Comfortable design
- - Relatively expensive
UP TO $500 IN BTC
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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!
One of its most popular products is the Ledger Nano X. This is the advanced version of the company’s older, flagship hardware wallet - the Nano S Plus.
When it comes to being the best Tron wallet on the market, the Ledger Nano X offers its users 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, you minimize the risk of potential cyber attacks.
The device is very 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.
Self-custody also means you need to take care of your own private keys. If you lose these keys, you lose access to your crypto forever. Ledger does offer ways to back up your keys via Ledger Recover and Ledger Recovery Key for an additional cost.
The only notable complaint that some customers have regarding the Nano X is that it’s pretty expensive. The wallet will cost you around $149. But in my opinion, it is totally worth it, especially considering the protection it has to offer.
Key Features
If you're looking for a hardware wallet, it is hard not to recommend Ledger Nano X. It is a well-established hardware wallet and often cited in reviews and discussions. But, you can't just decide if it is the best Tron wallet before you know its core features. So, let's take a look at some of them:
- Wide Range of Crypto Support. 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.
- Intuitive. The wallet itself is easy 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 also comes with additional buttons, making it more intuitive.
- Strong Security. Ledger Nano X comes with a CC EAL5+ Secure Chip and BOLOS's proprietary operating system, making it a great device to secure your crypto assets.
- Staking Capability. Keep your assets safe as they generate rewards. You can stake your TRX holdings as well as other crypto assets, like Tezos, Cosmos, Algorand, or Polkadot, directly via Ledger Live.
- Connectivity. In addition to a USB-C port, Ledger Nano X also supports Bluetooth, making it a great option for those who prefer using Ledger Live on their mobile phone.
Nano X is the tried and true product from Ledger, offering all the essential features with a simplistic thumb-drive design. No wonder so many users trust it as one of the best Tron wallets out there. Who knows, maybe you will too?
5. Ledger Nano S Plus - An Amazing “First Wallet” Option
Ranks #5 out of 9 Crypto Wallets
- + Top-tier security
- + DeFi app support
- + Store over 5,500 assets, install up to 100 apps simultaneously
- + Fair-priced
- + NFT support (with Ledger Live)
- - Button placement could be better
UP TO $500 IN BTC
Ledger Flex x Monopoly Bitcoin Exclusive
Don’t just pass GO, snag the limited edition Ledger Flex x Monopoly Bitcoin bundle and get a mystery BTC voucher worth up to $500. Hurry up, only available until the supply runs out!
The Ledger Nano S Plus is the company’s entry-level product. It is one of the hardware wallets that put Ledger on the map of many crypto enthusiasts as the follow-up to the Ledger Nano S wallet.
But don't worry. I didn't put the Nano S Plus on this best Tron wallet list simply due to a collective feeling of nostalgia. While the company does have a new-and-improved version of the wallet, the Nano S Plus can still hold its ground.
I would actually go as far as to say that the Nano S Plus might just be the perfect wallet for any beginner TRX trader or hodler. It 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, this Tron wallet lets you access the Ledger Live interface, just like the rest of Ledger's products. Ledger Live is a very well-made user interface where you can view, manage, and transact in the different crypto coins that you possess.
Besides that, the Nano S Plus is also much more affordable than the rest of Ledger's lineup. This model will cost you around $79 - that’s an absolute bargain!
Remember that you will have to pay a shipping fee - while it may range depending on your location, it shouldn’t be too high.
Key Features
Now, what makes Ledger Nano S Plus the perfect cryptocurrency wallet for crypto beginners? Well, a few things, really! Let's take a look at some of them:
- Enhanced Tron Ecosystem Compatibility. The Nano S Plus also connects securely with third-party wallets like TronScan. This allows you to interact with a wider range of Tron dApps and manage more advanced features such as freezing your TRX to obtain bandwidth and energy, which are required for transactions and smart contracts on the network.
- Relatively Affordable. Compared to other Ledger wallets, the Nano S Plus is the most affordable one. It comes with most of the features available in the more expensive models, such as the same core security architecture and support for a wide range of cryptocurrencies and NFTs.
- Wide Range of Crypto Support. The wallet supports just as many coins as its more-advanced version. This means that with Ledger Nano S Plus, you'll be able to store thousands of different coins and tokens, including TRX, of course.
- Compatible with Ledger Live. Access and manage your TRX easily with the Ledger Live app. In addition to basic portfolio tracking, you can also buy, sell, swap, and stake your cryptocurrencies within the app.
The golden rule with hardware wallets is simple: never buy from a third-party retailer! If you decide to purchase the Ledger Nano S Plus as your choice for the best Tron wallet, make sure to do so from the company’s official website.
6. Kraken Wallet - A Very Secure Platform
Ranks #6 out of 9 Crypto Wallets
- + Built-in exchange functionality
- + Full SegWit wallet support
- + Very secure and reliable
- + Decent withdrawal fees
- + Can withdraw fiat money
- - Limited wallet functionality
Kraken is one of the most popular cryptocurrency exchanges out there. Coincidentally, it can act as a top-level Tron wallet app, 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 the essential 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.
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!
Key Features
As I mentioned, Kraken has a strong reputation as a secure exchange platform. To give you a clearer picture of what it has to offer, here are five main features that convinced me to include it in this best Tron wallet list:
- Asset Security. 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.
- User-Friendly Portfolio Management. Kraken’s built-in wallet makes it easy to keep track of your Tron alongside the rest of your crypto holdings. The clean interface and detailed balance breakdown help you see exactly how your portfolio is performing without digging through complex menus.
- Seamless TRX Funding and Withdrawals. Adding or withdrawing Tron from your Kraken wallet is straightforward, with clear instructions and fast processing times. This makes moving your funds between Kraken and your external wallets quick and hassle-free.
- Integrated Staking Options. For those who want to put their TRX to work, Kraken offers integrated staking directly from its wallet interface. You can start earning staking rewards without having to send your coins to another platform.
- Robust Regulatory Compliance. Kraken operates under strict regulatory standards, giving you added peace of mind that your Tron is being handled by a fully licensed and transparent exchange.
If you're just starting out and want to keep your Tron coins in an exchange temporarily, then I can't recommend Kraken enough. With its clean track record, strong security, and user-friendly interface, it's a solid choice for beginners.
7. CEX Wallet - A Secure Web + Mobile Crypto Exchange / Wallet
Ranks #7 out of 9 Crypto Wallets
- + Built-in exchange functionality
- + Wide list of supported coins
- + Available worldwide
- + Awesome mobile app
- - Strict KYC requirements
- - No live customer support
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 is great for anyone who’s looking for the best Tron wallet in order to eventually make a profit out of their TRX trades.
CEX.IO also 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, at any given point in time.
Another awesome thing about the app is that it not only acts as an option for the best wallet for Tron, but also as 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.
Key Features
Having a Tron wallet integrated with an exchange sure sounds convenient. But what makes CEX.IO a suitable contender for the best wallet for Tron? Take a look at this list:
- Integrated Staking for TRX. CEX.IO offers a staking service for TRX, allowing you to earn rewards simply by holding the cryptocurrency in your account.
- User-Friendly Interface for Beginners. The CEX.IO wallet is designed to be accessible for users who are new to crypto. The platform provides a straightforward interface for buying, selling, and managing TRX.
- Custodial Security Measures. CEX.IO is a custodial wallet, which means the platform manages your private keys on your behalf. To ensure the security of your funds, CEX.IO employs a combination of cold (offline) and hot (online) storage, with the majority of digital assets stored in cold wallets. They also require two-factor authentication (2FA) for transactions, adding a layer of protection to your account.
- Multi-Currency and Fiat Support. The CEX.IO wallet is a multi-currency platform that allows you to manage not only TRX but also a wide range of other cryptocurrencies.
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 also wants to invest in alternative cryptocurrencies, not just TRX.
8. Trust Wallet - A Mobile Wallet for Your TRX
Ranks #8 out of 9 Crypto Wallets
- + Free to use
- + Supports millions of crypto assets and NFTs
- + Suitable for beginners
- + In-wallet swapping, staking, and crypto buying
- - No two-factor authentication
- - Questionable reliability of some supported crypto assets
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Among the best wallets for Tron, Trust Wallet is a really interesting and unique option due to several reasons.
For starters, let's clear something up: even though Binance acquired Trust Wallet in 2018, the two wallets are separate. Your Trust Wallet is its own entity, distinct from the one you'd use on the Binance exchange.
The Trust Wallet is primarily a mobile hot wallet. This does, automatically, bring a huge benefit to the table - this particular Tron wallet app is going to be super-popular among a wide range of people who want to access their TRX assets on the go.
So, 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!
While there is no dedicated web version, you can also get it as a Chrome or Brave browser extension, so it is possible to access it via your desktop.
It’s worth emphasizing, though, that the Tron wallet 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 part of Binance, 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 exclusively a Tron wallet. If you’re someone who’s looking to hold or trade more crypto assets and not just Tron alone, this is a great thing!
Key Features
Considering how popular Trust Wallet is, especially among hot wallet solutions, it's no surprise that it is in my best Tron wallet list. That said, I've listed four key features that make this wallet stands out:
- TRX Staking and Resource Management. The wallet offers native support for staking TRX. You can stake your TRX to earn rewards and, more importantly, to gain Energy and Bandwidth.
- Native DApp Browser. Trust Wallet's built-in DApp browser allows you to connect directly and securely to the decentralized applications (dApps) on the Tron network. This is a huge plus for users who want to explore and participate in the Tron ecosystem beyond just holding their tokens.
- Self-Custody Security. As a non-custodial wallet, Trust Wallet gives you full control over your private keys.
- Seamless Integration with Binance. Because Trust Wallet was acquired by Binance, it has strong ties to the exchange. This integration makes it very easy to move your TRX between your Trust Wallet and your Binance account, and it also simplifies the process of buying crypto.
So, if you're curious about how Trust Wallet stacks up against other wallets, these features should give you a clear idea of why it's one of the top picks.
9. Exodus - A Modern and Multifunctional TRX Wallet
Ranks #9 out of 9 Crypto Wallets
- + Easy to use
- + Has customer support
- + Multiple cryptocurrency choices
- + A software-based wallet
- + Built-in exchange features
- - Prone to security issues
- - The fees can reportedly be quite high
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, they are often considered to be more secure than the web-based ones due to the technology behind them and the way that your private keys are stored.
While Exodus's core product is still the desktop wallet, it now also offers mobile and Web3 wallet options. These let you access and manage your TRX coins on the go.
Now, then, what makes Exodus a good Tron wallet?
Well, Exodus offers a wide range of TRX-specific features. You can check your Tron balances quickly and easily, 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 convenient option!
Another awesome feature of this particular wallet is that it’s actually super-modern.
Key Features
Now, without further ado, here are four core features of Exodus that may pique your interest:
- Easy to Use. Upon downloading and launching the software, you’ll quickly notice that it features a simple and intuitive user interface. Therefore, I think Exodus is great for any crypto enthusiasts, even if you are a beginner.
- Compatible with Hardware Wallets. Exodus is compatible with popular hardware wallet devices. Mobile users can integrate their Exodus app to Ledger wallets, while those who prefer the desktop app can connect it to Trezor wallets.
- Zero Fee Transaction. You can buy, sell, or swap your TRX coins, and Exodus won't charge any fees for your transaction. But keep in mind that blockchain fees may still apply.
- Tron Freeze for Resources. The Exodus wallet gives you the ability to "freeze" your Tron (TRX) directly from within the app to get Bandwidth or Energy. This can help you avoid paying transaction fees in TRX, as long as you have enough of these resources. While your TRX is frozen, it cannot be sent, but you have the flexibility to unfreeze it at any time. Just be aware that there is a 14-day waiting period before the unfrozen TRX becomes available for use.
So, is Exodus the right Tron wallet for you? If you prioritize a beginner-friendly interface, seamless hardware wallet integration, and the ability to manage your TRX without transaction fees by using the Tron Freeze feature, then Exodus is definitely a strong contender.
What is Tron (TRX)?
If you're looking for the best Tron wallet, you probably know what it is. However, let me refresh your memory. Tron is a decentralized blockchain network that provides users with an entertainment and content-sharing platform. It was launched in 2017 by Justin Sun.
TRX is the native coin of the Tron blockchain. Initially, it was launched based on the ERC-20 token standard. However, once the Tron mainnet was launched, TRX was migrated to the TRX-20 token standard. Thus, since it's not compatible with wallets that support only ERC-20-based tokens anymore, you need to find a wallet that supports TRX-20.
On the Tron network, you’ll often hear about Bandwidth and Energy. These are resources that determine how you interact with the blockchain.[1] Think of Bandwidth like your internet data plan: it’s used up when you make regular transactions. Energy, on the other hand, is more like battery power, consumed when you run smart contracts. Both can be earned by staking TRX, and managing them wisely can save you a lot in fees.
Used For | How to Get It | Cost in TRX Transactions | |
---|---|---|---|
Bandwidth | Sending standard TRX transactions | Staking TRX | Reduced or free |
Energy | Executing smart contracts & dApps | Staking TRX | Reduced or free |
Table: Differences between Bandwidth and Energy on the Tron network
Since I've shown you the list of my recommended Tron wallets, I'm sure you no longer have worries about finding the right one. But to give you a clearer understanding of the crypto wallet space, let's first figure out what types of Tron wallets there are overall.
The Different Types of Tron Wallets
Now that we've gone through the list of the best Tron wallets of the year, there are still 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 Tron wallet app, 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.
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!
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, there is one more type of hot wallet that needs to be mentioned: the exchange-based storage.
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 app, 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.
Regardless of your stance, personally, I always recommend using cold wallets to store most of your crypto assets. Why? Let's take a look at more details in the next section.
Cold Wallets - The Beacons of Security & Privacy
On the opposite side of hot wallets, you’ll find cold storage. These are (usually) special devices that are dedicated to keeping your cryptocurrencies as safe as they can be by storing your private keys completely offline.
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.
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,[2] 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 some common shortcomings you may find on both Tron paper wallets and high-end, advanced hardware devices.
One of them is that it takes more time to transfer their funds in and out of the wallet. If you have a Tron wallet on, say, an exchange, you can swap different cryptocurrencies instantly. However, if you keep your TRX coins in a cold storage device, this process is going to involve additional steps.
It is worth noting that many hardware wallets now come with a companion app that lets you buy, sell, or swap tokens directly. A good example of this is the Ledger Live app that you can install on your desktop or mobile phone.
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.
It does make sense when you think about it. Hardware wallets often include 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.
I've discussed the specifics of each of the wallets on my list, though. So, don't forget to consider your own experience level, how frequently you plan to use your TRX, and whether you prioritize security above all else.
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.
Tron is definitely growing in popularity by the day, even though it was in a bit of an interesting situation a few years ago. Back then, TRX was only supported by a handful of exchanges. Fortunately, now, you can buy/sell the coin almost anywhere. At the same time, deciding the best exchange for you can be a bit confusing.
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 possesses:
- 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 has some competitive fees.
Each of the exchanges mentioned above can act as a Tron wallet, 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, it’s worth mentioning that you should always choose a hardware cryptocurrency wallet if you truly want the highest levels of TRX security. Quite frankly, there are no safer options on the market - not even a Tron paper wallet can beat hardware storage.
📚 Read More: Best Cold Wallet
Well, theoretically, 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.
If you're looking for a reliable hardware wallet for your TRX coins, consider choosing Ledger Flex or Ledger Stax to get the ultimate combination of top-tier security and a modern, user-friendly experience with a secure touchscreen display.
There are, however, other options, too. If, for some reason, hardware wallets aren’t really “your thing”, you can either pick a web-based Tron wallet app (i.e., Binance or Kraken) or a Tron desktop wallet (i.e., 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!
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!
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.
Scientific References
1. Erpulev A.: 'Micro-Transaction Economics in TRON Blockchain: A Dynamic Pricing and Resource Allocation Framework';
2. Khan A. G., Zahid A. H., Hussain M., Riaz U.: 'Security Of Cryptocurrency Using Hardware Wallet And QR Code'.