Tron has been growing in volume and value for 4 years since its launch. Now it has a significant ranking. The system is efficient and boasts of completing 2000 transactions every second, while the likes of Ethereum and Bitcoin boast of 25TPS and 6TPS. But if you want to invest in Tron TRX, you must use a strong and secure wallet to store the coins.

Luckily there are many wallets in the market for storing Tron TRX, and this guide will explore the best Tron wallet USA to aid your decision. With wallets such as eToro, Coinbase, Binance, and Coinjar, your investments will be secured.

So, let’s explore these Tron wallets in detail below and guide you on activating our top pick, eToro.

#1 Tron Wallet In the USA – eToro

Best Tron Wallet in the US-Top 4 List

A crucial step in your investment journey is to find the best Tron wallet USA to store your TRX coins. So check the top pick in the market right now in terms of reliability, security, and efficiency.

  • 1 eToro – Overall Best Tron Wallet in the United States
  • 2 Coinbase – Best Tron wallet USA for beginners
  • 3 Binance – Best Tron wallet in the US for diversifying asset portfolio
  • 4 Coinjar – Recommended Tron wallet for small amount transactions.

Check out the in-depth reviews of the above US Tron Wallets below.

67% of retail investor accounts lose money when trading CFDs with this provider.

Best Tron Wallets USA – Full Reviews

While searching for the best Tron wallets in the USA, consider factors such as seamless transactions, convenience, core features, security, convenience, and user-friendliness. Moreover, such a Tron wallet you get should support the easy purchase, trading, and selling of Tron TRX from a single interface.

Also, don’t forget that multiple access mediums such as mobile apps, hardware devices, or even desktop access are important to you as an investor. So, with such factors in our minds, we came up with the top Tron wallets for US investors in 2021.

Read the full reviews below.

1. eToro – Overall Best Tron Wallet in The United States


eToro is our top pick in the list of best Tron wallet USA due to its functionality, user-friendly interface, regulations, and support for many digital assets.

In addition, the broker operates under the regulations of highly-respected and revered financial regulators such as the CySEC in Cyprus, the FCA, which monitors exchanges, and ASIC, the Australian Securities & Investment Commission.

All these financial watchdogs monitor the operations of eToro to ensure the safety of its users.

Apart from that, the eToro wallet operates with standardized protocols & many high-security features to ensure stronger security. Some of these features include multi-signature facilities and DDos to prevent unauthorized access to your assets.

The popularity of eToro also proves its top choice for many investors globally. The broker has more than 20 million users utilizing its platform and many services in their investment.

etoro crypto wallet

These users are exposed to 120+ assets in its crypto wallet and utilize the broker’s swapping feature. For instance, a user can change from one crypto to another amongst the 500+ pairs available on eToro.

eToro offers both an Android and iPhone wallet app that interested users can download for free. Through the app, you can access many other markets, including international stocks, ETFs, forex, indices, and commodities.

Once you download it from a secure app store, the next is to enter your eToro account log-in details, and you’re set. Don’t worry about the safety of the private keys since eToro’s security backup system is there to help you recover your wallet even if you lose the keys.

Also, depositing funds into your wallet is easy. You can do it through your credit or debit card, Paypal, or even through a direct bank transfer. Once you’ve funded your wallet, you can buy as many TRX coins as you want.

Then you can also receive, transfer and store your coins plus other cryptos in the wallet. The best part is that you can start your buying and selling transactions with a minimum deposit of $25.

eToro Fees

Sending & Receiving Crypto$0
Conversion Fees0.1%
Transfer Fees$1-$50

Pros

  • Strong regulations by ASIC, FCA, and CySEC
  • Offers a copy trading feature for beginners
  • Supports a spread-only investment
  • Easy deposits with bank transfers, e-wallets, credit and debit cards.
  • Provides a beginner-friendly interface
  • Offers an iOS and Android compatible wallet app for users

Cons

  • eToro doesn’t support both MT4 and MT5
  • May not provide advanced tools for pro traders

67% of retail investor accounts lose money when trading CFDs with this provider.

2. Coinbase – Best Tron Wallet USA For Beginners

coinbase wallet

There are many things to commend about Coinbase as one of the best Tron wallet USA. This broker’s number of users and reach depicts its suitability, reliability, and appropriateness for storing your newly acquired TRX coins.

Coinbase records 56 million+ active users from more than 100 locations. It offers a secure wallet that these users rely on for buying, selling, and storing diverse digital assets. The broker is regulated and adheres to the local laws guiding its operations in different countries. Moreover, Coinbase is licensed by FinCEN to offer money services in the market.

One thing to love about Coinbase wallet is that users must follow all the regulatory procedures such as identity verification and other policies and procedures. The wallet is available as an app that you can download for both your iOS or Android devices. Also, Coinbase has a desktop extension for Chrome users.

Once you download the Coinbase wallet app, you can now enjoy easy access to more than 500 markets. There are many assets to explore in these markets including, DeFi coins, Non-Fungible tokens (NFTs), and ERC-20 tokens.

Some of these tokens include Dai, Tether, EOS, Chainlink, Steller, Dogecoin, Litecoin, Uniswap, Polkadot, Ripple, etc. Also, you can even access different decentralized exchanges through the Coinbase wallet to trade any digital asset you want.

Coinbase is a broker that upholds security protocols and best practices. For instance, it ensures that users enable a 2-factor authentication process to secure their wallets.

Also, it stores more of the assets in cold storage to thwart the attempts of hackers. Users can also opt for biometric access and fingerprint ID to protect their private keys on their phones.

Coinbase gives you two options, to use the web crypto wallet and allow the broker to manage your private keys or mobile wallet that enables you to manage it yourself. So, it all depends on your choice.

Coinbase Wallet Fees

Trading0.50%
Credit Card Purchases3.99%
Coinbase wallet or Bank account purchases1.49%

Pros

  • Offers many digital currencies to investors
  • Uses industry-standard security protocols
  • Offers an Android and iOS-compatible wallet
  • Serves millions of users worldwide
  • Allows instant purchases with debit cards
  • Utilizes cold storage for asset security

Cons

  • The trading commission is high at 1.49%
  • Depositing with debit cards attracts 3.99% charges.

67% of retail investor accounts lose money when trading CFDs with this provider.

3. Binance – Best Tron wallet in USA For Diversifying Asset Portfolio

Binance

Binance is unrivaled when it comes to asset lists, trading volume, users, and services reach. It records 100million plus users globally and offers diverse assets on its platforms. The broker owns the popular Trust Wallet that investors use all over the world. It offers access to a decentralized exchange, PancakeSwap, that enables users to carry out crypto conversions securely and anonymously.

You can access many digital currencies operating with the proof-of-stake (PoS) and the Proof-of-work (PoW) principles. You can also invest in DeFi (decentralized finance) and NFTs (non-fungible tokens), Storage coins, and BSC (Binance smart chain) coins.

Binance also offers a plethora of more than 500 small and big market cap cryptocurrencies. These currencies include Solana, Binance Coin, Polkadot, Uniswap, Chainlink, Ripple, Dogecoin, Litecoin, Bitcoin Cash, Cardano, and others. So, if you’re interested in creating a portfolio of diverse digital assets, using the Trust wallet makes it possible.

One good aspect of this broker is that users of the Trust wallet can use their debit or credit cards to deposit funds into it. All it requires is completing the regulatory KYC (know your customer) process and uploading a government-issued ID as proof of identity. Once you complete all that, buying, trading, and storing your Tron coins will be a seamless process.

There are two options when using the Binance wallet. You can use the web version or get the Trust wallet for your mobile device. When you get the web version, you can log in with your credentials online and checking your investments. This method is also secure since the 2-factor authentication is activated, and funds are stored in cold storage facilities.

trust wallet

But the Trust wallet makes things easier since you can access the brokerage site on the go. Also, you will safeguard your investments with strong passwords and transact easily via a single interface. Just bear in mind that buying and selling assets attracts a minimum of 0.1% commissions.

Binance Wallet Fees

Trading & Transaction0.1%
Instant Buy/Sell0.5%
Debit card transaction4.5%

Pros

  • Suitable for pro traders and beginners too
  • Facilitates near-instant deposits through credit or debit cards
  • Access to a cryptocurrency savings account
  • Provides many asset pairs
  • 1% minimum transaction commission
  • Records high trading volume

Cons

  • Zero support for e-wallet withdrawals and deposits
  • Some coins purchases don’t work with credit or debit cards

67% of retail investor accounts lose money when trading CFDs with this provider.

4. Coinjar – Best Tron wallet for Small Amount Transactions

coinjar wallet

When your focus is on the best Tron wallet in the USA for crypto transactions in small quantities, Coinjar is your solution. The platform has millions of users and investors.

The interface is simple and easy to navigate that even newbies won’t have any difficulty with it. In addition, opening an account on the platform is quite simple without clogs in the process.

With Coinjar, you can invest in cryptocurrency with as low as $5 from your wallet. The broker supports deposits into your wallet from bank transfers and credit/debit cards. There’s no fee for bank transfers though the transaction can take a longer time.

However, after the first deposit, subsequent ones will only take a maximum of five minutes to reflect in your wallet. Transfers from credit/debit cards are instantaneous but come with a 2% fee. Also, withdrawals to USD to your bank account have a charge.

Coinjar takes the security of its users as a priority. The company is registered in the UK and keeps its users’ funds in cold storage for maximum security. The cold storage keeps the funds offline in hardware wallets that can’t be easily hacked. It also parades several security features on the platform to help users fortify and secure their digital assets.

One of these features is two-factor authentication (2FA). This particular feature will always demand a code sent to your mobile phone for each login attempt. Also, there’s the machine learning feature that will automatically flag any suspicious activity on your wallet.

Additionally, using Coinjar gives you the opportunity of investing in several other cryptocurrencies besides Tron. Some of them include Ripple, Litecoin, Bitcoin, Ethereum, EOS, Tether, OMG, Synthetix, etc. It supports crypto-to-crypto conversions, and you can instantly purchase digital assets using your credit/debit card deposits.

This Tron wallet gives the access to customize your settings. You can choose for notification on a specific price for Tron and other assets. Also, you can get real-time price alerts as well as monitor your crypto performance. You’ll get to be on top of your game in the crypto markets using your customized wallet.

Furthermore, the Coinjar fees are considerably low and in line with what is obtainable in the industry. Crypto trading on the platform goes with a 1% fee. This applies to both buying and selling transactions.

You can access Coinjar on both Mobile and desktop. The mobile app is available on Android and iOS devices. Downloading any version of the app has no fee and will still give you all the wallet features for your digital assets.

CoinJar Wallet Fees

Sending & Receiving Crypto$0
Trading Fees1%
Credit/Debit Card Deposit Fees2%

Pros

  • Supports deposits with credit/debit cards.
  • Trusted and highly reputable platform.
  • Allows small transactions as low as $5.
  • Bank transfer has no charge.
  • Simple and easy navigating interface.
  • Fortified security features.

Cons

  • No broader listings of cryptocurrencies for professional investors aiming for a wider portfolio.
  • Interface too primary for professional users.

67% of retail investor accounts lose money when trading CFDs with this provider.

What is a Tron Wallet USA?

etoro app

A Tron wallet is software that safely stores TRX tokens. With Tron wallet, you can send Tron tokens to many altcoin addresses and refill your balance with various crypto types. This is the same irrespective of the wallet option that you choose. The various kinds of Tron wallets in the USA include;

  • Mobile App. Wallet: Many crypto investors in the USA prefer the mobile app Tron wallet. They only need to download the wallet app to their iOS or Android and transfer the TRX token into it. The TRX token will remain secured in the wallet till you decide to either move them to another wallet or sell them off.
  • Web Wallet: This is another type of the Tron wallet; it’s the type of wallet brokers offer, including eToro, an FCA-regulated online broker. The broker that you bought your Tron tokens from stores and secures your TRX tokens on their platform.
  • Desktop or Hardware Wallet: This is the best wallet option in terms of security. They are more secure than the other alternatives because they use offline storage options and are very difficult to hack.

However, to receive funds with your Tron wallet, you need to provide your unique Tron wallet address to the sender. eToro wallet also offers exchanges in addition to being used to store, send and receive cryptocurrencies. It’s regarded as the best Tron Wallet in the USA. You can buy digital currencies from the app using a credit/debit card or PayPal. eToro wallet also allows for a crypto-to-crypto conversion like converting Tron tokens to Bitcoin.

How To Find Best Tron Wallet in The USA

There are various types of Tron wallets available in the USA, depending on your goal. It’s always safer to carry out some research on these options to select the one that best suits your aim. Based on that, let’s look at the important metrics you should consider while choosing the best Tron wallet in the USA.

  1. The Type of Device

This has to do with the specific wallet type that you wish to use to store your TRX token. Do you prefer a mobile app, hardware, a web-based or desktop computer wallet? Each of these options has pros and cons. Check them below

Mobile App. Wallet

You can download the mobile wallet on your mobile phone (Android or iOS). It’s both convenient and secure. The eToro mobile wallet, for instance, has the GFSC regulating it, and you can enable the 2FA authentication. This will be in addition to the secret pin of the normal screen lock on your phone. Furthermore, this type of Tron wallet gives you the opportunity of sending and receiving funds at a click.

Desktop Wallet

This is a bit similar to the mobile wallet, but you need to download the software on your desktop computer. Set it up with a strong password for security, and you are ready to send, receive, and store your tokens. With the desktop wallet, you can only access your Tron wallet when you are with the computer. It’s not good for crypto investors that have an urgent need to transfer or sell their Tron tokens.

Web Wallet

The Web wallet is the first wallet that the brokers provide for you when you buy Tron tokens. They keep your tokens pending when you decide on what to do with the digital funds. You can access your funds by simply signing in to your account (the broker’s account).

However, you must find out the security controls surrounding your Tron Web wallets. For instance, the FCA regulates the eToro platform, and the wallet has an Institutional-grade security setup backing. Therefore, the regulators ensure that your Tron tokens are safe.

2. Regulation and Reputation

Checking the regulation and reputation of the Tron wallet you want to use is of great importance. Many wallets options are not regulated by any authority; nobody watches how they handle your funds. For example, the eToro brokerage, as mentioned earlier, has the regulation of CySEC, FCA, and ASIC. They secure your funds with multi-signature facilities, DDoS protection, and standardization protocols.

More so, if you lose your key for any reason, you can fall back on the broker’s on-chain private key service. This will help you to recover your details safely.

3. Security Features

Knowing how secured your funds are in a wallet gives you some sort of confidence as a user. There are key security features that you should look out for in choosing the best Tron wallet in the USA. They include;

  • Cold Storage: The best Tron wallet stores your funds in cold storage, this makes it difficult for cybercriminals to hack the wallet.
  • Address Whitelisting: Any wallet supporting this feature installs an additional security step before allowing you access to the funds. This means that any attempt to access your Tron wallet from a new device will require confirmation through a registered email.
  • 2FA: This means Two-factor authentication. It’s a standard and basic security feature that you will see in all the best Tron wallets in the USA. The wallet provider sends you a one-time passcode OTP as SMS, which you will use to open your Tron wallet.

4. Multi-Currency Support

The best Tron wallet in the USA will have multiple currencies in its listing that it supports. Let’s say that you have Tron in your wallet and wish to buy Bitcoin. The Tron wallet should allow you access to the Bitcoin market. The eToro Tron wallet allows you access to over 120 cryptocurrencies, including the popular and new ones like Matic.

5. Portfolio Data / Price Update

The bests Tron wallet in the USA will display updates on real-time prices irrespective of the type. It should also give you a view of your portfolio assets’ performance with ease. This portfolio data will enable you to ascertain the performance of each asset in your holdings.

6. Easy Conversion

Check if you can easily convert your Tron tokens to other ones. Does your Tron wallet allow easy swapping? For example, with eToro Tron wallet, you can convert Tron to others like Dogecoin, Bitcoin, and Ethereum with just a trading order.

7. Buy and Sell

The best Tron wallet should allow you to trade digital currencies. eToro gives these whole options in an Application. It allows you to make deposits via credit/debit card and PayPal.

How to Get Started With The Best Tron Wallet USA – Full Guide

Getting started with the best Tron wallet in the USA requires that you’ll first sign up with the broker that offers it. Even as a beginner in the cryptocurrency space, we’ve got the walkthrough guide necessary for your move.

The steps below will lead you to sign up on eToro, the best wallet that offers safety, security, and the right toll for crypto investment.

Step 1: Open an Account

To access the features and service on eToro, you’ll first create an online account on its platform. This is because eToro is under the regulation of top-tier regulatory bodies like FCA, CySEC, and ASIC.

how to join etoro

The process is simple and only lasts for just a few minutes. Using your details such as name, phone number, email address, and others, you’ll fill the on-screen form.

Cryptoassets are highly volatile unregulated investment products. 67% of retail investor accounts lose money when trading CFDs with this provider.

Step 2: Verify Your Account

Once you’ve signed up on the wallet provider’s platform, the next stage is to get your account verified. As a regulated platform, eToro complies with both AML and KYC regulations. So, you will fulfill the KYC requirement of the broker. This involves uploading any of your government-issued IDs, such as a driver’s license or passport.

Similarly, you’ll upload either your recent utility bill or bank statement (not more than 3 months). These get your account verified. eToro gives a near-instant confirmation for its customers using its automated technology.

Step 3: Download eToro Tron Wallet

After the account verification, you can proceed to download the best Tron wallet from eToro’s website. When you’re on the platform, see both the Google Play and App Store links.

etoro wallet

Click on any of the links and follow the on-screen directions to download and install the eToro wallet into your phone. You can open the Tron wallet on your phone by logging in using your eToro account log-in details.

Step 4: Add TRX Coins into Your eToro Wallet

At this stage, you can proceed to fund your wallet with TRX tokens. There are two options that you can use in funding your Tron wallet.

Buy TRX Tokens Using Your eToro Wallet

You can directly purchase TRX tokens using your wallet through the following process.

  • Fund your wallet with USD using either a debit/credit card or e-wallet (such as Paypal).
  • Then, search for TRX from the search box and click the TRADE button.
  • Input the amount of cash you want to use for the purchase and confirm your buying order. You will receive the TRX tokens within a few seconds.

Transfer TRX Tokens From Another Source to Your Wallet

Where you already have TRX tokens on another exchange or wallet, you can conveniently transfer the tokens to your new Tron wallet.

  • Copy the address on your Tron wallet by eToro.
  • Paste the address into the other wallet that has the TRX tokens
  • Input and confirm your transfer instructions. The TRX tokens will then be transferred to your new eToro wallet.

Conclusion

This guide on the best Tron wallets in the USA is to help you make the right decision. Of all the providers, eToro stands as our top pick. The broker offers a secured and safe wallet, being under the regulations of top-tier regulatory bodies like FCA, CySEC, and ASIC.

eToro – Best Tron Wallet In the USA

FAQs

What is the best Tron wallet in the USA?

How can I select the best Tron wallet in the USA?

Which is the best Tron wallet in the USA for safety?

What is a Tron wallet for?

What wallet can be used to purchase Tron?



About Mike Dalton PRO INVESTOR

Mikey Dalton was a library research assistant before stepping into technology journalism. He is curious about how the tech world works, and he is always amazed by the abrupt growth of blockchain technology.

Credit: Source link

Leave a comment

three × 5 =