Tron is also one of the top blockchain platforms in the crypto industry. Tron's ecosystem is also constantly evolving to race against Ethereum .
If you are just starting to participate in the market, you should also prepare a Tron wallet to experience the application as well as for investment purposes.
In this article, I will show you how to create and use a Tron wallet.
What is Tron Wallet (TRX, TRC20, TRC10)?
The Tron Wallet is a place to store TRX coins and tokens supported by the Tron blockchain such as TRC-20. You can send and receive TRX and TRC20 standard tokens as well as interact with applications on the Tron blockchain platform. In addition, the Tron wallet also has the TRC10 standard, which is a system token standard created after Tron's mainnet, but not many crypto wallets support this token standard.
In particular, this wallet is owned by you, no one has the right to influence or use the wallet other than you.
Tron wallet has 3 extremely important information you must note:
- Wallet address: A sequence of numbers and characters used to send assets to the Tron wallet. Others can transfer coins to you through the wallet address you provide. A Tron (TRX) wallet address will have the following format: TBia4uHnb3oSSZm5isP284cA7Np1v15Vhi
- Private Key : Is a security key, can be understood as a type of password. To perform TRX transfers, you must go through the private key login step to complete the transaction. The Private Key will be a sequence of numbers illustrated as follows: KwSduAubPmHb5u54EWWJjrSSAcXPTjqPiAmCTbJ7UYBR6glafH
- Passphrase : A security key that can be understood as a password consisting of any 12 English keywords. If you want to perform the wallet recovery operation, you must go through the Passphrase login step. Format of a Passphrase : entire annual slow album wisdom snow slice reject pony flower middle wish.
After creating the wallet, you will receive a wallet address and private key/passphrase similar to your example above.
To make it easier to imagine, you can imagine that Tron wallet is a bank account, the wallet address is the account number and the private key/passphrase is the password.
The difference here is that with a bank account, other people will know who you are, in other words, your personal information. As for the Tron wallet, you become anonymous, nobody knows who you are, but only transacts through an address encoded into a sequence of numbers and characters.
Reference: Understanding more about Tron (TRX)
Where to create a Tron wallet?
You can create a Tron wallet through Coin98 Wallet . This is one of the few wallets that fully supports all 3 token standards on the Tron Blockchain: TRX, TRC10 and TRC20.
Coin98 Wallet is a decentralized wallet (Non-Custodial Wallet) that not only supports Tron blockchain but also many other blockchains such as Ethereum, Polygon, Kusama, BSC, HECO Chain, Solana, Near, Avalanche (C-Chain & X-Chain) ), Solana, Polkadot, Cosmos, Terra, Fantom, Persistence, Bitcoin, TomoChain, Celo, Binance Chain, Solana, Kava, THORChain, BandChain, Boba Network, xDAI, Ronin, GateChain, Klaytn, OKExChain, Arbitrum, Optimism, Kucoin Community Chain, KardiaChain,…
Because it is a decentralized wallet platform, users are in complete control of assets, no one has access to your wallet including developers. You can rest assured when storing TRX tokens, TRC10 and TRC20 standards here.
Instructions for creating a Tron wallet (TRX, TRC10, TRC20)
I will guide you how to register and create a wallet on both mobile and desktop interfaces, you can also install both to flexibly switch use.
Is it possible to create multiple Tron wallets?
Sure! You can create as many Tron wallets as you like, each wallet will have a different address and private key, so remember to save it.
Note that you should name it so that you can easily manage it if you create many Tron wallets.
Can Tron Wallet store other coins?
Tron wallet can store TRX and standard tokens supported by TRON blockchain such as TRC-20, TRC-10. In addition, absolutely do not transfer any coins on other blockchain platforms to Tron wallet if you do not want to lose your assets unfortunately.
It is quite important for you to often buy coins that are not listed on the exchange or buy coins in a private sale, seed sale, ... you can completely store those coins in the Tron wallet, as long as it is supported by the Tron platform.
summary
Justin Sun - CEO of TRON blockchain once said: "If Ethereum is iPhone, TRON is Android." Of course, that is the vision of the leaders with the development roadmap for their project.
As an investor and speculator, you must be proactive to seize investment opportunities for yourself. Have a storage wallet ready so that when the trend comes, I have something to use right away.
In addition to TRON wallet, Coin98 Wallet also supports many other convenient wallets for you to store other coins such as Bitcoin wallet, Tomochain wallet, Binance Chain (BNB) wallet, Ethereum (ETH) wallet, Binance Smart Chain, Solana , Binance Smart Chain, Celo... so you can create these wallets on Coin98 Wallet so that you can use them immediately when needed.
Hope this article is useful and can support you in the process of creating a TRON wallet to store and protect your assets.
See you in the next posts!
