Thanks to positive demand forecasts, TRON's demand is steadily increasing, prompting more new investors to invest assets in this cryptocurrency. In light of this, there is a need for a reliable wallet to store the cryptocurrency. One of the most popular solutions is TronLink, which serves about 90% of system participants and is recommended by TRON founder Justin Sun.
At the core of the wallet is AES-ECB technology, which allows you to create an encrypted mnemonic phrase from 12 words and use it for recovery. Developers offer two versions of TronLink:
- Mobile - for devices based on iOS and Android operating systems;
- Browser extension - for Chrome browser.
In this article, we will discuss the advantages and disadvantages of the TronLink wallet, how to create and recover an account, as well as how to deposit funds and withdraw cryptocurrency.
Pros and cons of TronLink
Pros
- Non-custodial storage. Private keys are stored only on the wallet owner's device, ensuring a high level of privacy and security.
- Non-custodial storage. Private keys are stored only on the wallet owner's device, ensuring a high level of privacy and security.
- Maximal integration with TRON. TronLink works with all blockchain network tokens (TRX, TRC-10, TRC-20, and TRC-721), and also supports staking, allowing users to receive rewards for participating in the blockchain network.
- Multicurrency. The crypto wallet supports not only TRON, but also EVM-compatible blockchains, such as BTC, BSC, Ethereum.
- Compatibility with cold wallets. Hardware devices, for example, provide isolated storage of private keys, protecting them from cyber attacks and malware.
- Interacting with DApps in the wallet. TronLink provides high security when using numerous decentralized applications, especially exchanges, DeFi platforms, and games.
Cons
- Potential risks. TronLink is still a hot crypto wallet and is always connected to the network, making it more vulnerable to hacks. The user must take care of security: use complex passwords, store keys on cold wallets, regularly update software.
- No desktop version. The wallet does not have a PC version, you can only use it through an app or browser.
- You can't buy tokens with a card. TronLink does not support using a bank card or account to purchase tokens or withdraw funds, which may cause inconvenience for individuals without cryptocurrencies.
How to create an account in TronLink?
Step 1: Download the application from the official website.
Step 2: On the main screen, click the "Create Wallet" button. You will see a license agreement - review it, scroll to the end of the page. Agree to the terms by clicking "Accept".
Step 3: Come up with a wallet name ("Name"). It will not be displayed anywhere except in the interface and is necessary solely for convenience of use, to differentiate between multiple wallets. Set a password of 8 characters ("Set a Password"), which must include at least one number, uppercase and lowercase letter, confirm it ("Re-Enter Password") and press "Create Account".
Step 4: Create a backup to restore access to your account in case of device loss or app deletion. To do this, click on "Back Up Now" and generate a 12-word mnemonic phrase. Write down these words on paper, double-check for accuracy. We do not recommend storing the phrase on your device's memory (screenshot, note, message), as hackers may gain access to your wallet bypassing the password. To confirm, click on "Already Backed Up".
Step 5: Prove that you have saved the mnemonic phrase. 6 out of 12 words will appear on the screen - you need to indicate under which number they are in the general set. If everything is correct, click "Next Step".
Ready! After successful registration, you will see the welcome page and the main wallet screen.
How to restore TronLink from backup?
Step 1: If you have previously created an account, you can restore access to it from the initial screen after installing the application. Click "Import Wallet", scroll through the user agreement, and click "Accept".
Step 2: In the "Input" window that appears, enter the mnemonic phrase that was saved when creating the wallet. If everything is correct, click "Next Step" and follow the further instructions of the system. Important: if the phrase is lost, it will be impossible to recover access to the account and assets.
How to get a payment on TronLink?
Step 1: On the main screen of the application, go to the "Assets" tab.
Step 2: If the required token is not on the screen, click on the "+" icon. Enter the name of the coin you want to receive in your wallet in the search bar and click on the "+" next to it. Also, specify the standard of the token being sent — TRC-10, TRC-20, or TRC-721, to avoid loss of transfer.
Step 3: Go back to the "Assets" tab: the previously selected coin should appear here. Click on the "Receive" button.
Step 4: Copy your wallet address to give it to the sender. To do this, press "Copy Receiving Account". Then, all you have to do is wait for the tokens to be credited to your account. To refresh balance information, pull down the main page of the application.
How to withdraw tokens from TronLink?
Step 1: On the main screen of the application, go to the "Assets" tab and click on the "Send" button.
Step 2: Enter the wallet address you want to withdraw tokens to in the "Receiving account" field. Select the coin you want to transfer in the "Select token" field. Enter the transfer amount in the "Amount" field. Press the "Send" button to confirm the transaction.
Important: To complete a transaction, your account must have around 5-10 dollars worth of TRX to cover network fees. If there are insufficient funds in the balance, an error notification will appear when trying to make a transfer.