Tron (TRX) wallet

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TRON (TRX) Wallet

A TRX (TRON) wallet and other crypto wallets are an application or devices designed to store users' TRX private keys securely. These private keys are essential for signing transactions, enabling the transfer of crypto assets between wallets or platforms. Various types of TRON wallets exist, each offering its advantages and drawbacks. Before delving into specific wallet details, let's explore the TRON blockchain and understand its fundamental aspects.

TRON ecosystem

Background

The project was founded by Justin Sun, the creator of the Peiwo app - a Chinese alternative to Snapchat that already has more than 10 million users. Justin Sun works with Feng Li (advisor of Ripple) and is listed in the Forbes Asia Top-30 list. TRON ecosystem is run by experienced blockchain enthusiasts previously involved in Alibaba, Tencent, and Baidu and claimed to be dedicated to establishing a truly decentralized infrastructure.

TRON blockchain already has several significant partnerships with Bitmain - a leading producer and designer of ASIC chips for Bitcoin mining.

Purpose

The main concept behind TRON is creating a decentralized data distribution platform for digital entertainment using blockchain technology. It's made possible because the network can store smart contracts TRON blockchain is considered a fast, secure, and censorship-free alternative to current digital content platforms such as Youtube or iTunes, which may have too much control over the content creators and developers working for it.

Coins

The Tronix token (TRX) powers the network and encourages content creators within the blockchain. The concept behind TRON is to provide the participants with a fair and reasonable income distribution, which is generated by the platform's content. TRX can handle 2000 transactions per second (just compare it to Bitcoin’s 7 or Ethereum’s 15). The unique concept behind TRON makes it a powerful competitor of Ethereum, EOS, and NEO. The amount of Energy needed for simple operations is often zero, allowing for almost free transactions. However, smart contracts and TRON dApps need a bit of energy, similar to Gas in Ethereum. TRON currently has a market cap of $5,000,394,721.

Types of TRON wallets

Finding the best TRON wallet for you should be easy enough. There is a great variety of crypto wallets catering to different groups of users, some focusing on security, some - on convenience, and some - on both.

Hardware wallet

Hardware wallets are physical devices that keep your digital assets' private keys offline, separate from the gadget that is constantly online. To sign the transaction and send your crypto tokens to someone from a hardware TRON wallet, you must connect it to your PC (or a mobile phone). Since your private keys are stored offline, it is very difficult to hack. It is also additionally protected by a pin code or a password.

The downside is that it may not be the most convenient solution for everyday usage since you need to connect it whenever the digital assets should be sent. Besides, if you are careful about your security, you can securely store your funds without the advanced security features of a hardware wallet. Finally, the devices are not cheap and may set their users back anywhere between $50 and $400.

Web wallet

Web wallets are accessible as a browser extension or via a separate website. A web wallet is easy to use since it doesn't require downloading anything on your PC or mobile. Simply setting up an account and a pin code is enough. These wallets work best for quick, regular transactions.

A web wallet is considerably easier to hack since all your information is kept on the website or browser. A crypto wallet that stores your information on a server is known as a hot wallet (as opposed to cold wallets, which store your information locally, on your smartphone or computer). Remember that some web wallets are custodial wallets, meaning users don't even get direct access to their private keys.

Desktop wallets

A desktop wallet is a type of software wallet that you download and install on your computer. Your sensitive data, especially private keys, are stored directly on your device instead of on a server. So if your computer is not connected to the Internet, it becomes a hardware wallet!

Of course, that's not how most of us use a desktop computer. Since your computer is constantly connected to the Internet (and a software wallet needs that connection to work), there is a risk of a virus or a targeted attack on your computer that may steal the data and, by extension, your funds.

Still, if your desktop remains offline and you only plug it in from time to time to send out your TRX coins, it can be extremely safe. Guarda wallet and Atomic Wallet are good examples of such solutions.

Mobile wallets

Whether Android or iOS, these wallets work fairly similarly to desktop ones, so the pros and cons will also be very similar. With these wallets, your sensitive info is usually stored on your device locally. Mobile wallets are also considerably more convenient for sending out crypto on the go than wallets for desktops.

Keep in mind that mobile devices interact with public networks. Public WiFi or mobile data are prone to security breaches, making your crypto less safe. The solution would be to keep your phone constantly offline or try to secure your connection by using a VPN or any other means. There is also a chance you will lose your phone or break it. This risk can be mitigated by keeping backups safe and secure.

Atomic TRON Wallet

Now that you know what the main purpose of a TRON wallet is, why not look at a specific example of a user-friendly multifunctional wallet and choose the best wallet among the safest TRON wallets?

There are plenty of solutions that allow you to keep and manage TRON. You will find that there are cryptocurrency wallets designed specifically as TRON (TRX) wallet, as well as multi-asset ones. There are also custodial and non-custodial wallets. The wider the choice, the harder it is to find the best TRON wallet. Atomic Wallet is here to spare you the need to wander around hundreds of websites in search of the best solution!

Atomic Wallet is a decentralized multi-currency TRON wallet. It's a software wallet supports more than 300 cryptocurrencies and has built-in Cryptocurrency Exchange, allowing you to exchange TRON, having hundreds of available trading pairs. You can also stake TRX, Buy Crypto, and have access to 24/7 live customer support. It has become famous for its convenience, user-friendly interface, lack of operational costs, and security. The latter is ensured because it's a cold wallet, so your crypto is entirely under your control, as your private key is stored only on your computer or a phone. This ensures that only you have full control over your assets. We provide you with the options to manage, exchange and buy TRON with a bank card.

The primary purpose of Atomic Wallet is not just to store cryptocurrency but to create a healthy multifunctional ecosystem that, in many ways, resembles a decentralized exchange. Atomic Wallet has an internal token - AWC (short for Atomic Wallet Coin), which has many use cases in the ecosystem, such as dividends for holders and the cashback program. Furthermore, it also serves as a marketing tool for bounty and airdrop campaigns.

A significant advantage of a decentralized wallet, in general, is the ability to manage cryptocurrency from any device. Still, you need to pay attention to how you store the backup phrase. In HD Wallets (Atomic being one of them), the keys are generated from one master seed phrase, so that phrase is the primary access to your funds. With Atomic, your TRON (TRX) wallet is protected if you keep your seed, or private key, in a safe and secure place. This data is kept in your local storage and protected using advanced encryption.

Setting up Atomic TRX Wallet

Download and install

To enjoy the functionality of the Atomic Wallet, one first needs to go through a simple process of creating a wallet. Download the installation file for your operating system from the official website and install the app. If you're setting up a mobile wallet, the process is even simpler, since you'll install via a marketplace automatically (Google Play for Android and AppStore for iOS).

If you need more specific instructions regarding a certain platform, check out our guide!

After that, run Atomic Wallet, click 'Create Wallet,' set up a strong password, and click Set Password. Ensure it is a unique and secure password you don’t use for anything else.

You will now see a 12-word seed phrase that can be used to restore access to the wallet. Be sure to keep it in a safe and secret place! Then click 'Open Wallet.'

That's it! You can now use the Atomic TRX wallet. Find your TRX address and you can deposit the funds right away.

You can find a step-by-step guide on creating a wallet in Atomic here and if you encounter any difficulties with any of the steps, feel free to contact our customer support by filling out this form.

Getting TRX into your wallet

There are several ways of getting funds into your Atomic TRX wallet.

Depositing TRON (TRX)

One straightforward method is to deposit funds into Atomic Wallet from an external wallet. Even for beginners, the process is quite simple. All you need to do is locate your TRX address in Atomic Wallet, copy it, and then paste it into the sending window of the application from which you wish to transfer your funds.

Exchanging TRON (TRX)

The exchange platform allows you to purchase TRX by using another asset as payment. Suppose you have some BNB (or any other digital currency) in your wallet but wish to experiment with TRX. The exchange feature caters to your needs. With a vast selection of over 1000 coins, you can freely swap tokens without needing identity verification or adhering to time-consuming 'Know Your Customer (KYC) protocols. Additionally, the exchange provides real-time prices for various assets and cryptocurrency pairs, enabling you to time your transaction for the best possible value. You can refer to this resource for a step-by-step guide on exchanging assets. 

Moreover, if you're interested in purchasing TRON (TRX) using fiat currencies, we also support that option!

Get a TRX wallet today

If you aspire to be part of the TRON community and seek a secure and decentralized approach, a TRON wallet is the optimal choice. While a decentralized exchange might offer convenience for day trading, a wallet is a superior solution for long-term investments and potential crypto staking. 

You can effortlessly manage your TRON coins by opting for the Atomic TRX Wallet. This user-friendly app allows you to create a wallet seamlessly and purchase TRX and numerous other tokens or coins. Additionally, the app facilitates easy exchanges when necessary. The Wallet Connect feature enables TRX exchanges on another platform for mobile users. 

Whether you prefer to obtain the app from Google Play, Appstore, or our website, you can join the vast community of millions of TRON users immediately! Embrace the benefits of a secure and feature-rich TRON wallet to support your crypto journey.