If you are thinking of buying TRX or trading TRX, then the first thing that you should do is set up a Tron Wallet. A Tron Wallet is an online account where you can store your TRON coins and access them easily with a private key or password. 

In this guide, we will discuss everything there is to know about Tron Wallets including how they work and what features to look for in one.

What is Tron?

Tron (TRX) is a blockchain-based protocol that aims to decentralize the web. Tronix (the currency of Tron) is the official cryptocurrency of this platform, which was founded by Justin Sun, who is also the CEO of the company.

Tron is now the 10th cryptocurrency in the global coin ranking. The market value has reached more than $5.80 billion. According to CoinMarketCap, there are currently around 100 trading pairs for Tron on various exchanges, among which the most popular are TRX/BTC, TRX/ETH and TRX USDT along with other crypto pairs such as LUNCUSDT and more.

What is a Tron Wallet?

A Tron wallet is a digital wallet that stores TRX coins. It can be a desktop, mobile or online cryptocurrency wallet that supports TRX transactions. You can use a Tron wallet to store your private keys and interact with the blockchain on the network.

The main purpose of a Tron wallet is to provide users with an interface between them and the blockchain to manage their funds securely. A good Tron wallet provides its users access to their private keys while also providing security features such as two-factor authentication (2FA), multi-signature technology and encryption capabilities.

Types of TRON Wallet? 

If you are looking to store your TRON (TRX) coins, there are several different types of wallets that you can choose from. Here, we will talk about the different types of wallets and how they work, including Desktop TRX wallets.

Desktop TRX wallet

Desktop TRX wallet is a software program that you can download and install on your computer. It is more secure than mobile wallets and web wallets because it does not require internet access or an internet connection to work properly. However, this also means that it’s less convenient than other options because if something were to happen to your computer or operating system then all of your funds would be inaccessible. 

Mobile TRX wallet

The most popular type of TRON wallet is the mobile wallet. Mobile wallets are available for Android, iOS and Windows Phone devices. They can be used on any device running one of these operating systems, such as a smartphone or tablet.

Mobile wallets keep your private keys on your mobile device and are easy to access anywhere you go. They also offer a high level of security because they don’t store your private keys on a centralized server like web wallets do (more on this later). The only downside to using a mobile wallet is that if you lose your phone or it gets damaged, you won’t have access to any funds stored in it—but this isn’t much different from keeping cash in your pocket.

Web TRX Wallet

Web TRX wallets are online wallets and these are not secure. These types of wallets are not recommended by the Tron Foundation, so you should avoid using them because they’re not secure. A web wallet is a good option for storing your TRX but if you want to trade it then this type of wallet is not a good option.

How Does a TRON Wallet Work?

TRON wallets are designed to store your TRX tokens. They can also be used to send and receive TRX tokens.

The best TRON wallets provide the following features:

• Private keys – These are used to access your wallet, so you must keep them safe! If you lose them or get hacked, it could be very bad for your funds.
• Public key – This is how people will find out that you have a wallet with money in it for them to send some over.

Features to Watch Out For in a TRON Wallet

The TRON Foundation is working hard to make the platform attractive to developers, exchanges, and users. The wallet will be available for download on all platforms, including iOS and Android. As you select your preferred platform for storing TRX tokens in a wallet, it is important to consider these features:

• Security: You want a secure wallet that offers protection from hacks or unauthorized access. This includes a PIN code feature or fingerprint recognition feature that makes accessing your account more difficult for intruders who might have stolen your login details by other means (e-mail phishing scams).
  
• Easy access: You need an easy access wallet that allows you to quickly purchase or sell assets without having to log into multiple accounts every time you do so.
  
• Easy use: Finally, after selecting a secure storage option with easy access features comes usability—the ease with which users can navigate through the interface using their preferred method of input (keyboard/touch screen).

Is it critical to have a TRON Wallet to Buy or Trade TRX?

You need a TRON Wallet to store and trade your TRX. And you definitely need one if you’re planning on sending money from one exchange account to another. Even if you’re just considering buying some coins, it’s best to get yourself set up with a wallet as soon as possible—and we’re here to help.

A cryptocurrency wallet is simply an app or website that allows you to send and receive cryptocurrencies in exactly the same way as cash or other types of payment. The only difference between using this type of software and using any other transfer method is that it allows users more control over their funds, which makes them much safer too!