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

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TRX

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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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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