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5 Best TRON (TRX) Wallets that will Keep Your Coins Safe

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Keeping cryptocurrencies safe after acquiring them is one of the most important parts of dealing with digital money. It is not something that you can just store in your pocket, which means that crypto users need to find another place to keep the coins safe. This is why crypto wallets were made.

Which is the best wallet for TRX?

If you are a TRON (TRX) enthusiast, or you are at least becoming one, you need to know how to best store your TRX coins in order to keep them safe. This is where wallets come in, and they all have their advantages and disadvantages, which is why it is important to know all the details connected to a specific wallet so that you can make the right choice.

Some would argue that you can always let your coins sit in the hot wallets offered by exchanges. However, this is as far from a perfect solution as you can get, considering that the exchanges can shut down, be hacked, or even block your account. The best solution would be for you to employ a cold, or semi-cold wallet.

To help you decide which wallet to go for, we have prepared a list of top 5 wallets that will accept your TRX coins, and keep them safe. Let’s begin.

1. MyEtherWallet

MyEtherWallet is a very well-known crypto wallet and one of the most commonly used ones as well. It allows users to completely avoid involving a third party by letting them secure their private key on their own computer. Users can access it via browser, or through various software developed to work with wallets.

MEW wallet is an open-source wallet that also comes with an exchange service that is already built into it. However, despite all of this, some of its users have reported that they have received phishing attacks. This ultimately leaves more than enough room for a security concern. Still, other than that, this is a great wallet for storing your tokens.

2. Ledger Nano S

Ledger Nano S is a hardware wallet, which is seen as one of the safest ways to store your cryptos. It is user-friendly and is as secure as a wallet can get. Not only that, but it accepts a very large number of cryptos, which means that your crypto of choice will probably be accepted. This, of course, includes TRON as well.

Another good thing about Ledger Nano S is that it is compatible with the previously mentioned MEW. All that it takes is to connect the ledger to a computer and exchange the tokens between the two wallets. This means that you can always store the majority of your coins on Ledger Nano, and keep those that you really need on MEW.

3. Trezor Wallet

Just like Ledger Nano S, Trezor is also a hardware wallet, and it works in the same way. This significantly reduces the differences between the two wallets and makes it hard to determine which one is better to use. Their cost is also pretty much the same, and you can find them for around €100. The biggest issue with this kind of wallets is that you need to pay to get them, but a small investment like this is definitely worthy of the top security for your TRX, or other coins.

4. Eidoo Wallet

Users who prefer to use their smartphones instead of computers are covered as well, and Eidoo Wallet is one of the best ways to go in this category. It can be used on both, iOS and Android devices, and it accepts various currencies. When it comes to the wallet’s private keys, they are completely encrypted, and will only be held on the user’s phone. This puts the user in complete control of the keys, which is a major advantage.

Eidoo Wallet is all about convenience, and even the transactions can be easily done from the smartphone. It is also user-friendly, with a clear and simple interface, which makes it easy to understand and use even for novices. The desktop version of the wallet has yet to come out, but the developers claim that they are working on it. The only issue with this wallet is security, which is a problem since phones are mostly easy to hack, especially if you use public networks to manage your coins and transactions on the go.

5. MetaMask

Finally, there is MetaMask, an online wallet based on Ethereum, which can be accessed via a browser. It comes as a simple extension, and it can be added to Mozilla Firefox, Opera, or Google Chrome. Its greatest strength is its convenience since it doesn’t require any extra software or hardware. A simple extension is all that is needed to access the wallet, but it still manages to have a tight grip on security. Your private key will be safely encrypted, but just as any other wallet, it is still not totally safe, which makes it good for storing small amounts of coins, but not all that you own.

In the end, hardware wallets are definitely the best when it comes to security, but they will require an initial investment. The online wallets are slightly more convenient, but they lack when it comes to safety. Phone wallets allow you to access your coins at any time, but phones can be hacked, which is, once again, a large security concern.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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