In this guide we introduce you to the best Tron (TRX) wallets, sorted by hardware, desktop, smartphone and online wallet. But before we delve deeper into the topic, it is important that you understand how the different wallet types differ and what advantages and disadvantages they offer.
Therefore, a small theoretical introduction to the topic follows. If you are already familiar with the subject, you can skip this section and go to the best hardware wallets for Tron (TRX).
Furthermore, we would like to give you two pieces of advice in advance:1.Even before buying Tron (click here to read our guide) you should know which wallet you want to use. This allows you to enter your own wallet address during the purchase process and save time and money. 2.In addition, we would like to expressly point out that the storage of Tron (TRX) on an online wallet of an exchange or broker is the worst and least secure option. On the one hand, you don’t have control over the private key. On the other hand, cryptocurrency exchanges are very popular targets for hacker attacks. The list of exchanges that have already been hacked is really long! Our second advice is therefore to take care of the management of the private keys yourself.
Tron hardware wallets
As explained in the introduction, cold storage solutions in the form of hardware wallets are the most secure method of storing cryptocurrencies according to current industry standards. The access key to the wallet, the private key, is stored exclusively on the hardware wallet. Even when confirming a transaction, the private key does not come into contact with the Internet.
The confirmation takes place exclusively on the device. Only other components are connected to the Internet to send the transaction over the Internet to the blockchain. Due to this mechanism it is almost impossible that the TRX Coins are stolen.
Even if the software used to manage the wallet (e.g. Ledger Live) is hacked, the hackers still cannot make a transaction (e.g. to a manipulated address). Since the devices themselves can be protected with a PIN and often with 2-factor authentication, they are also very well protected in the event of theft. This makes it very difficult to steal your Tron (TRX) even in the event of physical theft.
From our point of view, hardware is therefore an absolute must for crypto investors. However, there is one major drawback. Unlike all other wallets, they are not free of charge. However, our opinion is that the purchase of a hardware wallet is definitely worthwhile. Even the price for our test winner, the Ledger Nano X (about 120 Euro), is to be regarded as rather small compared to the amount you probably invested.
However, the selection of hardware wallets for Tron (TRX) is very limited. Currently only the Ledger Nano X and the Nano S support the TRX Coin. The second renowned manufacturer of hardware wallets, Trezor, has not yet announced any support.
1.Ledger Nano X
The Ledger Nano X is not only our top recommendation for Tron (TRX), but is also the test winner in our comparative test of 8 different hardware wallets. The Nano X is the successor of the Ledger Nano S, which has been sold over 1.3 million times worldwide. After the Nano S had been on the market for several years, Ledger presented the Ledger Nano X in May 2019. This can come up with numerous new features:
- Bluetooth function: The bluetooth function of the Ledger Nano X allows you to manage your Tron (TRX) via smartphone (via the Ledger Live App) while keeping the security of a cold wallet.
- Larger memory: Compared to the Ledger Nano S, the internal memory of the device has been significantly increased. With the Ledger Nano X you can now manage up to 100 different cryptocurrencies at the same time.
- Larger screen: Ledger has enlarged not only the memory of the Nano X, but also the screen. This means that it is now possible to display the complete reception addresses on the display, eliminating the need for scrolling, as with the Nano S ledger.
- Improved security chip: The central component of the hardware wallet has been revised and certified by the French cyber security authority ANSSI.
Conclusion: From our point of view there is currently no better and safer hardware wallet than the Ledger Nano X! If you want to know more details about the Ledger Nano X, we recommend you to read our detailed guide and test report.
2.Ledger Nano S
Even though the Ledger Nano S has been replaced by the Nano X as the current Ledger model, there are still good reasons to buy the hardware wallet. Obviously, the price is certainly half the price of the Ledger Nano X (120 EUR vs. 59 EUR).
In addition, the Nano S is still one of the most secure hardware wallets on the market. Over the past few years it has proven to be very safe. There was no (known) incident in which cryptocurrencies could be stolen by the Ledger Nano S.
Conclusion: If you live without the new features of the Nano X and only want to manage a small number of different cryptocurrencies, then the Nano S is a very good choice for you.
Tron (TRX) desktop wallets
Desktop wallets belong to the category of hot wallets. Accordingly, they have the disadvantage over Hardware Walles that the private keys come into contact with the Internet. Compared to online wallets, however, they offer the significant advantage that the private keys are not stored on a company server, but on the user’s own computer. Thus, they provide a free way to retain sole control over Tron’s private keys without having to purchase a hardware wallet.
The storage of the private keys on your own computer also means a great responsibility, since it must always be provided with updates and a (good) anti-virus software installed. Because of the (probably) permanent connection to the Internet, there is an increased risk of malware and phishing attacks.
However, if the computer is adequately protected, desktop wallets offer much better protection than online and web wallets. They are therefore the best option if you are looking for a free wallet for Tron (TRX).
Below we have created a ranking for the best Tron (TRX) Desktop wallets in 2019. But first we would like to introduce you to the advantages and disadvantages of desktop wallets in an overview:
Below you will find our top recommendations for a safe Tron desktop wallet:
The Atomic wallet is a multi-coin-wallet, which is aimed at users who are looking for an all-in-one solution for all their cryptocurrencies. With over 300 cryptocurrencies, the Atomic Wallet can manage the largest number of coins (in our comparison) and is available both as a desktop and mobile version for iOS and Android.
Although the wallet was not released until 2017 by Konstantin Gladych, who is also CEO and co-founder of the popular crypto exchange platform Changelly.com. Nevertheless, it is already one of the most popular wallets on the market. One reason for this is certainly the popularity of Gladych. On the other hand, the wallet focuses on the fulfilment of three central requirements in the crypto industry:
- Anonymity and
In accordance with these guiding principles, both the private keys and the transaction data are stored in encrypted form on the users’ computers. This means that neither the developers nor other third parties can access this important data. A very useful function, which corresponds to the dezentral character of the wallet and from which the wallet gets its name, are the Atomic Swaps.
These enable the direct exchange of cryptocurrencies, peer-to-peer, i.e. from user to user. Since the Atomic swaps are not available for all coins, the wallet provides the possibility to use the exchange services of Changelly and ShapeShift.
The Atomic wallet is our top recommendation among multi-coin-wallets due to its functional scope and high safety standard. To download it, you can visit the official website (click here). There the wallet is available for Windows, Mac, Ubuntu, Debian and Fedora. In addition, the mobile versions for iOS and Android are available in the App Stores.
Like the Atomic wallet , the Exodus is a multi-coin wallet . It was launched in July 2016 by Daniel Castagnoli and JP Richardson and has since become firmly established in the crypto market and has developed a large user base. The Exodus Wallet was one of the first multi-coin wallets to convince with its simple and intuitive user interface.
Currently, the wallet can send and receive more than 100 cryptocurrencies. In addition, their value can be displayed in over 30 different Fiat currencies. The wallet has a total of three main components:
- the multi-coin wallet ,
- a portfolio tracker (in 30 Fiat currencies)
- and an integrated exchange service from ShapeShift
The crypto community also praises the very good customer support. In addition to an extensive FAQ area, including tutorial videos, the Exodus team can be contacted via e-mail, Twitter, Facebook and Slack channel.
Security and anonymity are also very important issues. In this respect, it should be noted that neither the developers nor other third parties have access to your private keys. These are stored encrypted on your computer.
However, there are two criticisms of the Exodus wallet : First, the backup is sent by email, which is a potential security vulnerability. Second, the Exodus wallet does not have two-factor authentication. Both deficiencies together are to be regarded as critical, since hackers “only” have to crack the password or intercept an e-mail and then already have full access to the wallet.
If you consider this to be uncritical, you can follow the link below which will take you directly to the download page of the wallet (click here!). Exodus is available as desktop version for Windows, Mac and Linux. There are also smartphone versions for iOS and Android.
Mobile Tron wallets for iOS and Android
Mobile wallets have the advantage that they can be installed on (almost) any smartphone and can therefore also be used on the road to send and manage TRX. Apart from that, mobile wallets are very similar to desktop wallets. Thus the private keys (usually) are also stored encrypted on the user’s terminal device.
In addition, the private keys are potentially at risk due to the connection of the smartphone to the Internet. As with the desktop wallet, the smartphone must therefore be optimally protected by the user himself.
The topic of security has also been aggravated for smartphones, because many smartphone users use public hotspots in cafés and restaurants. In these public networks the data is transmitted unencrypted (without own security measures). This is why it is particularly important for mobile wallets to protect the smartphone with regular updates and anti-malware software and, if necessary, to use a data encryption program.
By the way, they also offer the same advantages as desktop wallet. In the following we have created an overview:
The TronLink wallet is developed by the TRON community and was released in February 2019. It is the first official TRON wallet supported by the TRON Foundation and promoted on the official website of Justin Sun, the inventor of Tron. It is available for iOS and Android, as well as Google Chrome browser extension.
It is important to know that the TronLink does not collect any user data. In addition, the private keys for the wallet are stored locally on your smartphone, so that third parties have no access to them. It is also good to know that a recovery phrase can be created for the private key if the smartphone is defective and a backup is necessary.
It can be seen that the wallet was primarily developed for Asian users. Nevertheless, the account balance can be expressed in three fiat currencies: Euro, US Dollar, British Pound, Bitcoin and Ethereum. In addition to Chinese and Japanese, English is also available for the language selection.
A major advantage of the wallet is that TronLink supports all TRON-based TRC20 tokens and provides access to the TRON dApp ecosystem. In addition, it has numerous functions that are specially tailored to the Tron network and are not offered by multi-coin wallets. This makes TronLink ideal for Tron enthusiasts. Other functions include the following:
- Switching between multiple user accounts
- Integrated voting system for Super Representatives (SRs) and the ability to exchange certain rewards for voting on the wallet
- dApp browser
- Settings for advanced Tron trailers, e.g. selecting a node or adding your own node
- Integrated decentralised exchange (DEX)
As with the desktop wallets, the Atomic wallet is our Top 2 recommendation in the Wallets category for your smartphone. The wallet is especially useful if you are looking for a multi-join wallet with which you want to send and receive Tron. With the Atomic Wallet you don’t have direct access to the Tron dApp ecosystem and can’t participate in the Super Representatives election!
The mobile version of the Atomic wallet is a very similar version to the desktop version. Accordingly, it also offers the same advantages:
- Management of over 300 different cryptocurrencies
- Storage and encryption of private keys and transaction data on your smartphone
- Atomic Swaps
- Use of Changelly and ShapeShift exchange services
You can download the wallet from the official website. In addition there are the iOS and Android versions in the respective App Store.
The Trust wallet is a multi-coin wallet specifically designed for smartphones, iOS and Android, developed by a company called Six Days LLC (US Office). It is available in English, Spanish, French, German, Italian, Arabic, Japanese, Russian, Traditional Chinese, Simplified Chinese and Vietnamese. In addition, it is (currently) compatible with 42 cryptocurrencies and over 2,000 ERC20 tokens.
The name of the wallet (“trust”) should already indicate the intention of the developers, who focus on security and anonymity during development. The Trust wallet was tested by the security company Stateful. The complete review can be viewed online on the wallets website.
In addition, the wallet operates in a server-free environment so that each wallet is installed locally and the private keys are stored locally only. This means that neither the developers nor third parties have access to the private key. In addition, the wallet code is open-source and has been reviewed by the community. Overall, the wallet can therefore be classified as very secure and trustworthy.
Other features of the wallet include:
- A decentralized exchange: the wallet has integrated the decentralized exchange from its partner, the Kyber Network, so that the users can trade out of the wallet.
- FaceID and TouchID: In addition to classic passwords, FaceID and TouchID can also be activated to protect the wallet.
- “Watch function: Users can use this mode to view their accounts without revealing their private key.
- Real-time portfolio: View the entire crypto portfolio and its value in real time
- Push notifications: can be enabled to be notified about transactions
Tron Online wallets
Tron online wallets offer the easiest way to manage Tron. Basically, online wallets can be divided into two types. The first type are the wallets of cryptocurrency exchanges. As described at the beginning, these offer the least protection and have the considerable disadvantage that the private keys are owned and stored by the trading platform. In this respect, they presupposed a great deal of trust in the market.
Users must be confident that the Exchange will store the cryptocurrencies in cold storages and that the IT infrastructure will not be hacked. In addition, the employees of the exchange have administrative access to the private keys, which is why they must also be trusted. Established exchanges and brokers generally have very good security precautions for each of these weak points.
Nevertheless, exchange wallets are not recommended for the permanent storage of Tron from our point of view. On the other hand, there are specific developments among the Online wallets Tron. The TronLink wallet is available as a browser extension for Google Chrome and the Brave Browser.
Below we have compiled an overview of the advantages and disadvantages of online wallets:
1.TronLink Browser Extension
Like the smartphone versions of TronLink, the browser extension is a recommendation of the Tron Foundation to connect to the Tron ecosystem. The Browser Extension for Google Chrome is a program that simplifies the access to the Tron Blockchain. With TronLink, decentralized applications (dApps) can easily be used from the browser and linked to the wallet.
TronLink is therefore very popular with developers and the Tron community. In addition, the private keys for the wallet are stored locally in your browser so that third parties have no access to them. In addition, the TronLink Chrome Extension has numerous functions:
- Switching between multiple user accounts
- Integrated voting system for Super Representatives (SRs) and the ability to exchange certain rewards for voting on the wallet
- Integrated dApp browser
- Setting a node or adding a custom node
- Integrated decentralised exchange (DEX)
The Tronscan wallet is also a very popular web wallet within the Tron Community, but it doesn’t have the same functionality as the TronLink wallet. In comparison, however, it is set up much faster, since only an account with a secure password needs to be created. Afterwards only the file with the private key has to be saved on your own computer. The wallet is then ready for use.
A big advantage of Tronscan is that Tron and Ledger have worked together to make the Ledger hardware wallets compatible with Tronscan. This allows Tronscan users to manage their TRX via Tronscan with a Ledger Hardware Wallet and store the private keys offline on the device! The setup is not particularly difficult and can be initiated directly on the Tronscan website.
Managing Tron (TRX) on Binance can also be an option if you intend to trade TRX. More than 150 cryptocurrencies can be traded on the globally popular exchange. Since this is a exchange wallet, you should be aware that the private keys are owned by Binance. This is problematic for two main reasons.
First, the private keys are located on an external server, so you need to trust sufficient security. Secondly, Binance is a popular target for hacking attacks, which is why the security of the Binance Web wallet is rated significantly lower.
This was also demonstrated by the Binance Hack in May 2019, when 7,000 BTC were stolen due to a security hole in the Binance API. Binance can nevertheless be counted among the safest exchanges. According to the CEO of Binance, Changpeng Zhao, the security measures were again significantly strengthened and improved after the hack.
Nevertheless, the hack shows the vulnerability of online wallets. We therefore recommend that you only use the Binance wallet as long as you are trading cryptocurrencies. If you are planning a longer-term investment, you should ship the TRX to an external wallet.
If you would like to register an account on Binance, you can do so via this link*.
The Web wallet from eToro has a special position in this comparison. This is because eToro is not an exclusive cryptocurrency broker or exchange, but also offers traditional financial instruments (such as ETFs, securities, etc.) and is fully regulated in the UK. As a result, eToro offers its customers a deposit guarantee of up to 20,000 euros. No other wallet can offer this in our comparison!
However, eToro users must be aware that this service is not free! For holding Tron (TRX) on the eToro wallet, overnight fees are charged per day. This can be very costly if you consider Tron (TRX) as a long-term investment and keep it longer. Details on the amount of the fees can be found in our eToro review.
Another big disadvantage of the eToro wallet is that you can only transfer the TRX Coins to the mobile wallet of eToro for additional fees. Only from the mobile eToro wallet it is (currently) possible to send the TRX to an external wallet at all. Overall, this process is not only cumbersome, but also costs additional fees.
Conclusion: The deposit insurance can be a big advantage of the eToro wallet. However, the eToro wallet also has two considerable disadvantages. If the advantage of the eToro wallet is more important to you, you can use this link (click here*) to set up an account and wallet with eToro.
In the following we have summarized the most important aspects of the use of web wallets:
Further important information about the Tron wallet test
Finally, we would like to make a point on our own behalf: Please note that we have compiled the information to the best of our knowledge and experience. Despite our best efforts, you should check back for information and opinions. In particular, we recommend that you test different wallets to find the best one for you.
If you have any questions or suggestions for improvement, please leave us a comment. We are happy to help you and are open for constructive criticism!
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