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What is Tron Wallet? How to create a TRC20 Wallet (2022)

What is Tron Wallet? Where to create a Tron Wallet? In today's article, I will show you the details on how to create a Tron Wallet.

linhha

Published Jul 07 2021

Updated Dec 17 2023

7 min read

Tron is a blockchain-based decentralized digital platform that offers public blockchain support of high throughput, scalability, and availability for all Decentralized Applications (DApps) in the Tron ecosystem.

To be able to skin in this blockchain, of course, you will need a Tron Wallet. In today's article, I will show you the details on how to create a Tron Wallet.

What is the Tron (TRX TRC20) Wallet?

The Tron wallet is where TRX, TRC20 standard tokens are stored on the Tron blockchain. You can send and receive TRX, TRC20 standard tokens as well as interact with applications on the Tron platform.

In particular, this wallet is owned by you, so no one has the right to influence or use the wallet other than you.

What is included in a Tron Wallet address?

A Tron Wallet has 3 extremely important pieces of 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 TRC20) wallet address will have the following format: TBia4uHnb3oSSZm5isP284cA7Np1v15Vhi
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.
Private Key: A string of letters and numbers to connect to the account, quite similar to the password of a bank account. Format of a Private Key: b296cf43f10c5b1e54d628a6be657be86b42910d8562a82764dd0c402adc8dea.

To visualize, you can imagine that the Tron wallet is a bank account, the wallet address is the account number and the passphrase/private key is the password.

The difference here is that with a bank account, other people will know your personal information. As for the Tron wallet, the user becomes anonymous, no one knows who owns the wallet, and transactions only occur through the address encoded into a sequence of numbers and characters.

Tron Wallet Review

There are many wallets on the market that support creating the Tron blockchain. Let's take a look at some outstanding Tron wallets in the crypto world.

Coin98 Super App

Coin98 Super App is a well-known super app containing crypto services, and it is the gateway of DeFi & Web3. After installing the Coin98 Super App, you can experience many of its features such as Dapp Browser, Terminal toolkit, Coin98 Staking,...

Because it is a decentralized wallet platform, users are in complete control of their assets, no one has access to your wallet, including the developers. You can rest assured when storing TRX, TRC20 standard tokens here.

Learn more: What is Coin98 Super App?

TronLink

TronLink is a decentralized wallet that is supported by Tron’s official team. TronLink is available in the form of a mobile app and browser extension where users can send, receive and access the Tron DeFi ecosystem.

Create an TronLink wallet here: tronlink.org

Exodus

Exodus is the multi-cryptocurrency desktop–mobile wallet. It supports about 100 cryptocurrencies including Tron and the built-in Exchange allows users to trade in just a few taps.

Create an Exodus wallet here: exodus.com

Coinbase Wallet

Coinbase Wallet is a centralized wallet that supports more than 4,000 assets. Coinbase Wallet allows you to enable Tron in the wallet app, which would be able to perform transactions and access apps on the Tron network.

Create the Coinbase wallet here: coinbase.com

How to create a Tron Wallet

This tutorial will guide you on how to create a new Tron wallet on both the mobile and desktop interfaces, so you can also install both to flexibly switch use.

Coin98 Super App

Download and access the app

Tron wallet is now available on the Coin98 Super App for both iOS and Android users:

iOS: ios.coin98.com
Android: android.coin98.com

After downloading the app, open the Coin98 Super App application and select the language you want to use before directly accessing the wallet interface.

At this interface, you can create a new wallet or restore an existing wallet from other wallet applications to the Coin98 Super App.

Create the Tron wallet

Step 1: Open the application, at the homepage click the Wallet icon → Manage.

Step 2: Click Add Wallet and click on the Tron (TRX TRC20) icon to create a Tron Wallet, or you can choose to create a Multi-chain wallet to own more wallets with just one passphrase (recommended) → Create.

Step 3: Create a name for the wallet (name it something that you can remember or is convenient for later use). Click Next.

Step 4: Back up the Passphrase/ Private key in a safe place.

Note: These are CRUCIAL information that directly affects control over your assets.

Copy and paste the Passphrase/Private key into the Confirmation box.
Tick the Backup your recovery key box and click on the copy icon to confirm that you have saved your Passphrase/Private key. You must save the security key in a safe place and do not disclose it to anyone. Otherwise, your account is at risk of being stolen if someone knows these sequences of characters.
Tick the two remaining boxes to confirm that you understand the risks if you lose your Passphrase/Private key.

Select Create Wallet.

Once done, you can also go to Manage → Manage All Wallets to check the newly created Tron wallet.

Coin98 Extension Wallet

Installation instructions

You can access chrome.coin98.com to install the Coin98 Extension Wallet.

For instructions on installing and using Coin98 Extension Wallet, you can refer to this guide here.

Create the Tron wallet

‌Step 1: Open the Coin98 Extension Wallet and insert your password. At the main interface click Manage. Click Add Wallet.

‌Step 2: Select the Tron icon → Create Wallet.

Step 3: Create a name for the wallet (name it something that you can remember or is convenient for later use). Click Next.

Step 4: Backup the Passphrase/Private key in a safe place.

Select Create Wallet.

After that, you can also go to Manage → Manage All Wallets to check the newly created Tron wallet.

How to use Tron Wallet

Add TRX and TRC20 tokens to Tron Wallet

This process is similar on both the mobile version and the extension, so you can follow these steps for both.

Option 1

Step 1: Click the Tron wallet on the main screen.

Step 2: Click Receive.

Step 3: Copy the wallet address or use the QR code address and send your assets to this address.

Option 2

Step 1: Click the search icon on the main screen.

Step 2: Enter TRX, TRC20 token in the search bar.

Step 3: Click the icon to copy the wallet address or get the QR address and send your assets to this address.

You can send TRX, TRC20 tokens to the address copied in step 3.

Send TRX, TRC20 tokens

This operation works the same on both the Coin98 Super App and the Coin98 Extension Wallet. I will give an example of how to send TRX stored in the mobile wallet.

Step 1: Click the Tron wallet.

Step 2: Choose Send.

Step 3: Select the token, the number of tokens you want to send & the wallet address to send to. Adjust the Gas fee slider to suit your needs → Slide the Send bar to confirm.

In addition, you can also go to the Send section in the main interface, select the Tron wallet you want to send from.

Note:

The gas fee for each transaction is paid with TRX, approximately 0.00063 TRX.
The default gas fee on the Coin98 Super App has been set at the standard rate that offers the most optimized speed at a reasonable cost.

Using the Tron Wallet Explorer to check the transaction history

Tron Wallet Explorer is the Tron ecosystem explorer, allowing access to information such as wallet addresses, cryptocurrency transactions, smart contracts, etc. Complex data is easier to grasp now than ever before.

Tron Explorers that are commonly used by many users include:

Tronscan: Tronscan.org
Tokenview explorer: trx.tokenview.com

Some notes when using the Tron wallet

Is it safe to store TRX, TRC20 standard tokens on the Tron wallet?

Coin98 Wallet is a non-custodial wallet, that is, full control of assets belongs to you, no one has access unless you disclose the key to others. Therefore, it is perfectly safe for your assets.

Is there a fee to transfer TRX, TRC20 tokens?

Sending TRX, TRC20 tokens from a Tron Wallet will cost the blockchain platform fee in TRX.

Is it possible to create multiple Tron wallets?

Yes! You can create as many Tronwallets as you want. Each wallet will have a different address and passphrase, so remember to save each of them. Each wallet should be named so that you can easily manage them if you create multiple Tron wallets.

Can Tron wallet store other coins?

Tron wallet can store TRX, TRC20 standard tokens supported by the Tron blockchain platform. In addition, do not transfer any coins on other blockchain platforms to TronWallet if you do not want to lose your assets

What is the best Tron wallet app?

For those who mainly interact with the Tron blockchain, TronLink will be one of the options worth considering.

For those who use a lot of blockchain platforms and Solana is among them, the Coin98 Super App, Exodus or Trust Wallet is a great choice for you.

Summary

With the fast development of the crypto market, you will see a series of potential DeFi projects appearing on Tron blockchain. Hope the tutorial can help you to easily create and use the Tron(TRX TRC20) Wallet on Coin98.

If you have any questions regarding this tutorial, don't hesitate to leave a comment below! The Coin98 team will answer your questions as soon as possible! See you in our future posts!