Ways to store and use TRON (TRX) cryptocurrency

Often, beginners cannot understand how to use a particular cryptocurrency. And given that in our time, cryptocurrency is often used for investment, then you need to know and understand how to invest in it. Such a cryptocurrency is Tron, which is actively used in smart contracts. How to invest in this cryptocurrency, as well as where it is better to store it, you will learn in this article.

Introduction

The Tron cryptocurrency began its life back in 2017. As is the case with altcoins, Tron was originally in the form of a token that functioned on the Ethereum blockchain.

Every altcoin is created for a specific purpose and Tron is no exception. The fact is that Tron was conceived as a global ecosystem that is focused on the gaming industry. The meaning of this approach is quite simple, for example, the gaming sphere will make it possible to create a unique space, which in turn will be free from censorship, as well as copyright infringement. The fact is that the entertainment environment is quite limited, and it is Tron that is able to save this area from all the shortcomings.

Many investors immediately accepted this idea favorably, and only at the ICO stage, the developers were able to collect 15 BTC.

And although initially Tron worked on the Ethereum blockchain, over time it switched to its own blockchain, which means it gained independence. And although Tron is often compared to Ethereum, they still have significant differences.

If Ethereum is used more widely, then Tron is aimed exclusively at the entertainment industry. In addition, it is worth noting that Tron’s transaction confirmation speed is much faster, and the fees are minimal. And given current trends, Tron is becoming extremely promising, and the growth rate is inevitable. But let's look at how you can store this cryptocurrency and invest with it.

Ways to store Tron

Users do not always use a stationary PC, some carry out all actions exclusively through a smartphone. And in fact, there are several applications that will help you store and invest cryptocurrency without much difficulty, we will talk about them.

Tronlink

If you carry out all actions through a PC or laptop, then the TronLink extension will be the most optimal for storage and investment. This extension is available for download in the Chrome store absolutely free. To do this, simply go to the store, select TronLink and click Install. The link to install the extension is here.

After installing the extension, you will need to open it. To do this, simply open the list of extensions and click on the TronLink button. Next, we will immediately be prompted to create a wallet. In the first window, we invent and repeat the password, and then click on the button Continue.

In the next window, choose what we want to do. We are also interested in creating a wallet, so click on the button Create. Next, specify the account name and click on the button Continue.

Next, we will be offered a mnemonic phrase of 12 words that must be written down. We write down this phrase in a safe place, because it will be required in order to restore the wallet in case it is lost. After writing down the phrase, press Continue. In the next window, simply play the phrase in exactly the same order and press Continue. After that, our wallet will be created.

In order to replenish the wallet, click on the button Receive. After that, we will see our wallet address, which will be required for replenishment. To replenish your wallet, we recommend the Bestchange exchanger aggregator, because it has the most favorable rate.

Investing with TronLink is even easier: just launch the extension, go to the smart contract and make an investment, which will immediately be picked up by the extension.

Tronwallet

This wallet is available for smartphones based on Android and iOs. To download the application, simply go to Play Market or AppStore and install it.

As in the case of TronLink, after launching the application, you will need to go through the registration procedure, which is almost identical here. So, you will need to open the application on your smartphone, and after that you will be prompted to immediately proceed to creating a wallet.

So, in the first window you will need to agree to the terms of confidentiality and click on the button Continue. In the next window, click on the button Create wallet.

In the next window, we come up with a six-digit pin code, which also needs to be written down in a safe place, because it will be needed to restore access to the wallet. Next, it remains to repeat the pin code. In the next window, we will also be offered a mnemonic phrase, which consists of 12 words. We save this phrase in a safe place and in the next window we reproduce it in the same sequence. The last registration window will say that the pin code or mnemonic phrase provides access to the wallet, and if they are lost, it will be impossible to restore access. Click Agree. After that, the wallet will be successfully created.

To replenish your wallet, you can also use the Bestchange exchanger aggregator, and you can find out your wallet address in the tab Get.

To send funds, go to the section Send, then select the balance, enter the amount and press Next. In the last window, simply indicate the recipient's wallet and click on the button Send.

Speaking of how to invest through this wallet, for this you need to open the application and open the built-in browser. After that, the wallet will already be tied to the project, which means you can safely invest in it.

Speaking of withdrawing funds from smart contracts, make sure you have launched TronLink in the case of a PC or TronWallet in the case of a smartphone.

Conclusion

The Tron cryptocurrency is important not only for investors, but also for the cryptocurrency world. The fact is that the creators of this crypt simply have grandiose plans, which it consistently implements. And now, today investment projects based on the Tron smart contract have become incredibly popular. We talked about what this cryptocurrency is and how to invest in various projects that work on a smart contract.