TRON (TRX) is a blockchain and cryptocurrency that was launched in 2017 by founder Justin Sun. One of TRON’s strengths is its fast transactions and low fees, which have contributed to its rapid growth with over 40 million wallets worldwide.
The TRON blockchain supports smart contracts, enabling the creation of decentralized applications and tokens (TRX20). It also has made significant strides in decentralized finance (DeFi) with its JUST network and non-fungible tokens (NFTs). Additionally, TRON has acquired BitTorrent, one of the most popular file-sharing websites.
TRON uses the Proof-of-Stake protocol, which means users can stake their TRX and earn rewards by voting for a Super Representative. Hardware wallets are considered the safest way to store cryptocurrency. Here are eight of the best TRON wallets available. If you are still not sure about where to stake TRON, we will look at some platforms that support TRON and will help you out greatly.
Ledger Nano X
TRON (TRX) is one of the few cryptocurrencies that you can stake directly from your Ledger Nano X. This makes it an excellent option for TRON holders and network participants as it allows for both safety and profitability.
The Ledger Nano X is compatible with various operating systems, including Windows, Linux, Mac, Android, and iOS devices. The private key serves as a digital signature and proof of ownership over the wallet and coins on the blockchain. The recovery phrase is another form of the private key that the Ledger Nano X securely stores inside its safe chip. All transactions are displayed on the device screen and signed internally, ensuring an offline and secure experience.
With Ledger Live, you can also buy, sell, swap, lend, and stake various crypto assets. Additionally, you can purchase gift cards for popular brands in a secure environment. The Ledger Nano X can be linked to a variety of blockchain software wallets, such as TRONLink for the TRON network, which allows for the use of its functions while keeping your coins and tokens safe. The software wallets only receive the public key and never have access to your hardware wallet’s private key.
CoolWallet Pro
The CoolWallet Pro, which is about the size of a credit card, is a mobile wallet that is compatible with iOS and Android devices. As the second generation of CoolWallets, the CoolWallet Pro boasts an upgraded chipset and a higher EAL6+ ranking compared to its predecessor, the CoolWallet S.
With its Bluetooth connection, the CoolWallet Pro works together with the CoolBitX Crypto Wallet App and offers direct staking for Cosmos (Atom), Polkadot (DOT), and TRON (TRX). The staking process is simplified through the app’s user-friendly interface, where users can easily view the Annual Percentage Yield (APY) by clicking on the corresponding coin.
TRONLink
The TRONLink wallet can be used on Android and iOS devices, as well as through a Chrome browser extension. It is one of the few wallets that can be connected to TRONScan, the TRON blockchain explorer, apart from the Ledger hardware wallet.
You can easily stake your TRON (and vote for SR) to earn rewards, with details such as estimated yield returns provided. Additionally, the wallet includes an integrated JustSwap platform that allows you to make instant swaps between TRON and TRX20 tokens or between stablecoins using Sun.
Vision Wallet
The Vision wallet is accessible on both Android and iOS devices and comes with three integrated exchanges for swapping TRON assets, including tokens TRX20.
In addition to allowing for staking or voting for your preferred Super Representative (SR), Vision Wallet offers a list of SRs, including relevant information such as the current number of votes and blocks created or missed. The wallet also provides an approximate annual yield return of 7% and an option to use WalletConnect.
Atomic Wallet
Atomic is a long-standing multicurrency wallet compatible with Windows, Mac, Ubuntu, Debian, Fedora, Android, and iOS devices. It offers support for a large number of cryptocurrencies, including TRON (TRX), for staking and management.
The platform provides a current annual return of approximately 5%, with its inbuilt TRON staking rewards calculator. Furthermore, users can also calculate rewards for over ten other coins available for staking.
Guarda Wallet
Guarda is a multicurrency wallet that operates on a non-custodial basis, meaning you have full control over your assets. It is compatible with all operating systems and can be accessed as a mobile app (iOS, Android), desktop app (Windows, Mac, Ubuntu), Chrome browser extension, or web wallet.
You can easily manage and stake TRON (TRX) on Guarda by selecting a validator (SR – Super Representative), viewing information on each one, and earning rewards with support for over 1000+ coins and tokens.
Conclusion
In conclusion, there are several TRON staking platforms available in 2023 that offer high APY rewards for staking TRX. These include Ledger Nano X and CoolWallet Pro, TRONLink, Vision, Atomic, and Guarda. These wallets support staking TRX and provide additional features like exchanging, trading, and holding various cryptocurrencies. If you want to know where to stake TRON, you can research more about these wallets for yourself.