Last Updated on June 11, 2019 by CryptoCreed
First of all, let’s understand about TRON, What is TRON or TRX?
Tron is the global free entertainment system based on the blockchain technology. Because of use of the Blockchain and distributed storage technology, Tron’s protocol allows every user to freely publish, store and use own data. This is the best solution of the current centralized entertainment content sites has. Blockchain technology allows users to keep their data safe within them, no any other intermediaries comes.
Currently, Tron has more than 5 million users with numbers of app partners like Peiwo, Obike, Gifto, and Uplive.Tron is a Decentralized application that you can trust.
Tron may leave the Ethereum blockchain to their own mainnet.
Wallet for Tron (TRX)
TRX is an ERC-20 token based on Ethereum blockchain. Youcan store ERC-20 token in any Ethereum wallets. Developers of Tron has not built any official Tron wallet, because there are already numbers of ERC-20 compatible wallets are available.
Note: We strongly recommend to not use any Exchange site to store your ERC-20 tokens.
MEW is the Free, open-source, client-side interface ethereum wallet. MyEtherWallet store your Ethereum, Ethereum Classic, and all ERC-20 tokens. Recently, at the time of writing, they faced some critical hacking and phishing attempts. But they are safe always check their Twitter account for any official news. We recommend this wallet because MEW allows users to keep control in their hands.
You can use MyEtherWallet offline too, here is the guide how to use MyEtherWallet offline or locally.
MyEtherWallet was launched in 2015 and still running.
Note: Never share the Private Key of your wallet. Private Key is different than your ETH address.
Best wallet to defend hacking or phishing attempts. MetaMask analyzed the website and prevent users from using such sites.MetaMask is only available as an extension for Chrome, FireFox, Opera, and Brave browsers.
You can use this wallet without login as passwords and your private keys are encrypted on the browser.
Mostly all the features of MyCrypto are same as MyEtherWallet. But they claim that they have some extra features which MEW don’t have.
MyCrypto has windows wallet app too, right now it is available for macOS and Linux only.
MyCrypto has an interesting story, all the team members are from MyEtherWallet team. The team members started this own MyCrypto after leaving MyEtherWallet.
Buy TRX from Exchange sites
TRX to BTC trading volume on Binance is $171 M at the rate of $0.088. Binance is the fastest growing exchange in the crypto world, it was launched in 2017.
It is US-based cryptocurrency exchange site launched in 2014. Bittrex is the oldest exchange site but it has negative reviews because of their customer support.
Don’t have much info regarding this exchange site.