Best 6 TRON Wallets for Beginners

TRON has an impressive history, with one of the youngest CEOs of all time, Justin Sun, currently 29. In addition to being a protégé of Alibaba’s Jack Ma, Sun has qualified for numerous awards and accolades over the years. These include the Forbes Asia 30 under 30 among others. Most recently, he was nominated for the Nobel Economics Prize.

In the few years of its existence, the network has grown in leaps and bounds, recently moving from the Ethereum blockchain to its own mainnet.

For these and other reasons, TRON is a top crypto investment choice for many in the community. If you are thinking of having a piece of the pie, here is everything you need to know about safeguarding your TRX funds, but before you do, you may want to have a look at our Tron price page first, to see what to expect from the currency in the months to come.

Best TRON Wallet in the US – Full Reviews

There are several hot storage cryptocurrency wallets that support Tron, but these wallets vary in their functions and offer different services. So, before picking up a Tron wallet, you need to consider its functionality, safety, and your investment goals. If you aim to not only securely store your coins but also create a versatile portfolio, exchange between several cryptos on the platform, you should choose a wallet that offers several features.

Based on our research during which we analyzed several crypto wallets for Tron, we have chosen eToro Money wallet, Coinbase wallet, and Binance Trust wallet, as the best wallets to securely store your crypto and enjoy the platform.

eToro Wallet

eToro is one of the most widely used brokerage platforms worldwide that supports multiple assets, including cryptocurrencies. It has recently launched its decentralized software wallet called Money which is designed to store, buy, sell, sell and receive cryptocurrencies.

The wallet supports a wide selection of cryptocurrencies, including 120 assets to buy and 500 pairs to exchange. Plus, eToro supports staking, meaning that you can lock your Tron coins in the pool to gain rewards.

The money wallet is very simple to use. To operate your personal wallet, just visit the eToro website, sign in for an online account and you can use the same username and password to activate a Money account. Though you must fully verify your eToro account to be able to use the Money wallet.

The Money wallet has several advantages. Firstly, it is founded by a very reputable online broker that has more than 20 million users worldwide. It hints us that the Money wallet should be as safe as eToro’s brokerage platform. Due to the security systems it uses, you can enjoy safe trading and keep your assets away from scammers.

The Money wallet app is free and can be downloaded on your mobile phone. You don’t need to pay any fees for holding your cryptocurrencies too. However, if you want to further develop your portfolio, buy or sell cryptocurrencies, you must pay transaction fees, which are actually not charged by the platform, but by the blockchain to pay miners.

There is one more thing to consider if you want to use the eToro Money wallet. If you transfer your coin from your eToro account, you can’t transfer it again to your eToro brokerage account. Still, you can send it to other cryptocurrency wallets.

Update 2024 – Going forward, the only cryptocurrencies eToro customers in the United States will be able to trade on the platform will be Bitcoin, Bitcoin Cash and Ethereum.

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Exodus – Accessible On Desktop & Mobile Devices

Exodus is hitting the ground running as one of the best TRON wallets for beginners. Built on the principles of simplicity and innovation, Exodus integrates a vast number of technologies, tools, and products to enhance its market position and improve the overall experience of its users.

One of the major selling points of Exodus is its intuitive mobile and desktop versions. While both versions are easy to use and well-optimized to fit into users’ screens, those who are always on the move will prefer using its mobile option.

Accessible with Android and iOS devices, Exodus’s mobile app mirrors all the industry-leading features found in the desktop version. It is designed with users’ convenience in mind, offering an exceptional interface that can be customized to suit users’ preferences.

Contributing to its viral appeal is its multichain posture. Exodus is one of those top hot wallets that allow users to store and manage cryptocurrencies built across numerous blockchains under one roof. Beyond providing an avenue for users to store crypto, Exodus also takes a step further with its support for popular NFTs and decentralized applications.

Exodus has also positioned itself on the good books of many crypto investors with its ability to connect with industry-leading hardware wallets like Trezor. This standout attribute not only improves the security of the wallet but also ensures that users can swap supported crypto assets between Trezor and Exodus easily.

Initially, Exodus supports only a few crypto assets. However, as it grows, it adds support for more cryptos. At the time of writing, Exodus supports more than 200 cryptocurrencies including Bitcoin and Ethereum.

Meanwhile, it is possible to engage in multi-token staking on the Exodus wallet and earn passive income. Some of the supported assets include Algorand, Cardano, Cosmos, Solana, and many more.

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Margex Wallet – User-First Posture

Championing the user-first initiative, Margex Wallet is another top option for beginners looking for the best TRON wallet to fully maximize their crypto assets. Beyond offering traditional crypto storage, Margex offers advanced trading tools and products that are suitable for all categories of traders.

In fact, the platform is considered one of the most popular crypto trading boutiques, offering easy entry into 36 perpetual future markets, including Bitcoin, Ethereum, Tron, Polygon, Cardano, and Litecoin amongst others. While it does not support spot trading, Margex provides high leverage of up to 100x in Bitcoin, Binance Coin, and Ethereum and between 20x to 50x for other cryptos.

Furthering its appeal is its staking facility, offering an opportunity for crypto investors to put their tokens to best use and earn passively. This core feature of Margex, coupled with its high leverage empowers investors to make substantial gains, even with small investments.

To ensure swift fiat-to-crypto conversion, Margex has integrated reliable third-party payment protocols such as ChangeNow and Changelly. In terms of deposits and withdrawals, the wallet provider does not take any additional fees from users.

Margex is trusted by more than 500k users across 150 countries worldwide, a milestone that speaks to its strong market presence. One core aspect of the wallet provider that has strengthened its widespread acceptance is its beginner-friendly posture. The platform’s layout design enhances accessibility, meaning beginners would have to worry less about how to use its industry-leading features.

Finally, Margex prioritizes the security of users and their assets. It leverages institutional-grade security technologies like Secure Sockets Layer (SSL) encryption, Google Authenticator, and more to deliver secure crypto wallet services.

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Ledger Stax – New Hardware Wallet With An E-Ink Display

When it comes to top-tier hardware wallets, only a few come close to Ledger Stax. Described as an upgraded version of the likes of Ledger Nano X and Ledger Nano S Plus, Ledger Stax served as a powerhouse for traders to effectively manage their assets. Since it belongs to the family of hardware wallets, it provides cold storage for users’ assets, protecting them from malicious attacks.

Ledger Stax distinguishes itself from its predecessors by featuring an e-ink screen to enhance users’ interaction. More so, it offers an array of distinctive features to streamline the overall experience of users.

While the major focus of every hardware wallet is providing an avenue for users to securely grow their assets, Ledger Stax has taken a step further by offering crypto data tracking, 24/7 portfolio management, NFT trading, staking, and many more.

It also supports an extensive number of crypto assets, ensuring that investors can store and trade any coin of their choice. The support for such a voluminous number of crypto assets is complemented by a feature that empowers users to also store their favorite NFTs. Hence, Ledger Stax is considered an excellent choice for those who want to build a diversified portfolio.

Another key attraction for Ledger Stax is that it is movable and easy to use. However, to get started with the Ledger wallet, users have to connect to the Ledger Live mobile app. This app can be downloaded on the Google Play Store and App Store.

Meanwhile, in situations where the wallet device gets stolen or damaged, Ledger has put in place some industry-standard measures and processes to ensure the full recovery of users’ assets.

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Cypherock – Innovative Hardware Wallet With Decentralized Seed Phrase Storage

Thanks to its decentralized approach to storing and securing seed phrases, Cypherock has emerged as one of the safest hardware wallet solutions in the world. It leverages tamper-resistant hardware devices to absolve users from all forms of vulnerabilities associated with conventional private key backups, ensuring that their wallets are secure at all times.

At its core, Cypherock, through the aid of Shamir’s Secret Sharing, split users’ private keys into five shards. Each shard is cryptographically stored on five secure hardware devices – one X1 vault and four X1 cards, guaranteeing recoverability and maximum security.

These devices are under the sole control of users though only the X1 vault and one of the X1 cards are needed to complete transactions. Through this strategic model, Cypherock simplifies transaction processes without sacrificing users’ security. In fact, even in situations where the X1 vault gets stolen, damaged, or lost, users can rest assured that their funds remain safe.

However, while Cypherock eliminates the need for seed phrase backups and single points of failure through its decentralized storage mechanism, those who still want to access the keys and store them on specialized seed storage devices like Cryptotag are also allowed.

Beyond the X1 vault and four X1 cards, other components that come with the Cypherock wallet package include a Type C adapter, hard case, 4 RFID sleeves, and USB-A to USB-C data cable. Users can set up the Cypherock wallet and connect it to its companion app – CySync in a few minutes.  At the time of writing, this app is only accessible on desktop, with its Android and iOS versions currently under development.

Cypherock supports not less than 9000 crypto assets and has also integrated WalletConnect to help users access a host of DeFi services, including staking.

For those considering keeping their assets for a long period of time, Cypherock is an ideal pick. Apart from decentralizing users’ crypto keys, the wallet solution also strengthens its security system through its PIN capabilities and CC EAL6+ certifications.

Finally, one Cypherock device allows up to four wallet accounts, making it a cost-effective option for those with multiple portfolios. That being said, interested persons stand the chance of getting a 17% discount if they use our promo code – “coldwallet” while buying the device.

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Binance Wallet  – Beginner-Friendly Web3 Wallet

Binance cryptocurrency exchange offers one of the most secure and versatile self-custody wallets. Developed within the Binance app, this Web3 wallet offers one of the easiest ways for users to build and manage a diversified crypto portfolio.

Beyond crypto storage, the Binance Walllet supports token swaps across multiple chains. It has integrated Binance Bridge and a host of other providers to deliver seamless blockchain token swaps at better prices. Similarly, the wallet solution serves as a pathway for users to interact with a variety of decentralized applications. 

When it comes to safety, the wallet offers top-notch safety systems to protect your account from any fraud and hacks. Additionally, it supports users’ privacy and hardly stores any data on its servers. And what is most important, you don’t have to undergo the Know your customer process to use the wallet.

The wallet is super easy to operate which is one of the reasons why it has attracted many users. Along with supporting a huge variety of cryptocurrencies, this wallet also allows earning interest by staking your crypto assets. Some of the supported assets are ETH, DAI, BNB, USDT, USDC, and more.

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Coinbase Wallet – Top TRON Wallet For Beginners

Firstly, it’s essential to understand that the Coinbase wallet and Coinbase cryptocurrency exchange are not the same. They are operated by the same company but are two different platforms with each of them having its unique features. 

Coinbase is one of the most popular and trustworthy cryptocurrency exchanges worldwide and it offers a hot storage wallet irrespective of the platform. When compared to the other wallets reviewed above, Coinbase does not provide a wide selection of assets, but it supports enough tokens to perfectly diversify your portfolio.

These include all the ERC-20 token-based cryptocurrencies, plus some other blockchains, including Tron, Bitcoin, Litecoin, Dogecoin, etc.

Speaking about safety, you can be sure that your coins will be secure on the Coinbase wallet. The platform uses robust security features, including 2FA, signature confirmation, and others, to protect your account. The wallet is also compatible with a number of hardware wallets, including Ledger and Trezor.

The Coinbase wallet does not have a complicated interface so beginners will find it very easy and user-friendly. It can be downloaded and installed on your mobile device or desktop very quickly, and crucially without any subscription fees. To start using the wallet, just register for an account and fill in the necessary details it requires for the registration.

While introducing the Coinbase wallet, we can’t but mention how functional it is. Apart from being a platform to buy, sell and hold cryptocurrencies, it also provides storage for non-fungible tokens (NFT). Furthermore, the platform gives you the opportunity to join ICOs and buy lots of new coins at low prices. Through Coinbase wallet you can also access Decentralised apps and purchase on Ethereum-based platforms.

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Best TRON Wallet Providers

Best TRON Wallets in Your Country

UKCanada & USAustralia

Though there are lots of solid TRON wallet options for UK residents, our top pick is Coinbase.

Unlike most other wallets which operate in the region, Coinbase is licensed and secure.

This in itself makes it one of the safest wallet options as it is subject to strict scrutiny from the relevant authorities to ensure compliance.

At the moment, users have plenty of options when trading both cryptocurrencies and CFDs on the platform.

Another point in its favour is that in its years of existence, it has garnered lots of experience, enhancing reliability and other positive features.

Coinbase users based in the USA can use their service to buy and store cryptocurrency, with the security that the company is licensed.

In Australia and New Zealand, Binance is one of the most popular wallet service providers. Though it is a reliable choice, we would not recommend the use of hit exchange wallets for long-term storage of your DOGE.

It is safer to opt for cold storage facilities when storing your coins for an extended period. But you can leave a sufficient amount of coins on the hot wallet for trading purposes and possible purchases.

Differences Between Exchange, Hardware and Software Crypto Wallets

In order to choose the most suitable and secure wallet for your personal needs, let us examine the different types of wallets, their strengths and weaknesses:

Best TRON Wallet on Mobile

Admittedly, there are lots of viable alternatives when choosing a TRON wallet. Each of these comes with its strengths and weaknesses and could leave you confused.

Take your time and carry out the necessary research before settling for any of these options. An important resource that could help you find information on any wallet is online forums like Bitcoin Talk and Reddit.

On these forums, users give candid hands-on experiences with various services and providers and can be a trustworthy source of information. Find out how well the support service of any platform handles user problems and make the right choice.

Most importantly, double-check the security of any platform you entrust with your hard-earned crypto before committing to it. Use these tips to choose wisely and enjoy your crypto experience.

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