Since after the mainnet launched for the Tron, the blockchain has been split apart. Tron is no longer a part of the ethereum ERC20 token system. Tron is the 10th biggest cryptocurrency as compared to the market cap value and currently hold around $4 Billion market cap value. MainNet launch is now follow up by the token swap/migration within this month.
Now the question arises that where are we going to store Tron? And will you need to worry transferring your Tron?
Choosing the right wallet is sometimes a bit hard job, a good wallet not only have a good UI, but also a strong backend code. You should mind the fact that the wallets who provides the wallet’s private key are the best secured on.
Well storing cryptocurrency like Tron on the exchange is safe enough, though many don’t provide the private key. But a trusted exchange like Binance or Bitfinex, could work the best.
Storing Tron on a Decentralized Exchange could work the best too, just remember to save the seed of word or private key somewhere safe.
If you willing to buy Tron, then the best way to buy the bitcoin first from your local exchange with fiat currency and then exchange it in one of the exchanges like bitfinex, gdax or poloniex; I usually work buy it from binance.
Choosing The Right Wallet
Tron token migration/ token swap is scheduled by the end of the June, beginning from 21 June. It is strongly recommended to transfer you Tron token to a Mainnet migration supportive wallet before.
Choosing the right wallet that supports the Tron migrations and token swap is important. You just need to transfer the tokens to the right wallet and you are ready to go. Your Tron will automatically swap with the new Mainnet Token and you will get equal amount of it.
Here is the list of some wallet supporting Tron Migration:
- Koinex (Indian exchange)
Please note: Transaction of Tron to some exchange will be suspended during the Migrations process, so its recommended to transfer you token before 21st June.
For Further Read: