What is TRC20 Wallet?

[Suba]

TRC20 wallet is a crypto wallet that supports the Tron blockchain, where users can receive, store, send and stake TRC20 tokens. It's no different from other crypto wallets, there are custodial and non-custodial wallet types.Token address difference between TRC20 and ERC20Apart from the differences in the networks used, these two types of tokens have different characteristics. TRC20 tokens start with a capital letter T, for example TE7Bn2kNSig. Meanwhile, ERC20 tokens always start with zero (0), for example 0xe3e5ce758f2246.Exchanges Supporting TRC20 TokensMany crypto exchanges support TRC20 tokens like Binance, OKX, Kucoin, Poloniex etcWallets Supporting TRC20 TokensFaucetPay, Atomic wallet, Guarda, Freewallet, Tronlink.org etc.

 

[Niyi Briggs]

I don't understand anything from what you wrote there. I was confused about the TRC20 thing but this post has got me more confused. Please if you van break it down to a layman's language, it would help me a whole lot.

 

[Suba]

Tron is a blockchain project that uses a PoS mechanism, and has a native token named TRX. Meanwhile, TRC20 is a standard token that runs on the Tron network. for example USDT-TRC20, USDD, Palla, JUST etc.

 

[Bisolami]

Tron is a blockchain project that uses a PoS mechanism, and has a native token named TRX. Meanwhile, TRC20 is a standard token that runs on the Tron network. for example USDT-TRC20, USDD, Palla, JUST etc.

Well, I see it as a stable currency that the price does not change even if the price of other cryptocurrency changes. It is popular known as USDT. I buy it most times

 

[Suba]

Well, I see it as a stable currency that the price does not change even if the price of other cryptocurrency changes. It is popular known as USDT. I buy it most times

But if you buy stablecoins and keep them you won't get capital gains, except for gains from the exchange rate, especially if you buy stablecoins using local money. how much usdt have you collected.

 

[Niyi Briggs]

Tron is a blockchain project that uses a PoS mechanism, and has a native token named TRX. Meanwhile, TRC20 is a standard token that runs on the Tron network. for example USDT-TRC20, USDD, Palla, JUST etc.

If I send crypto from a wallet to a TRC20 wallet, would it be successful? Or I have to send from a TRC20 wallet to another TRC20 wallet. What are the exact advantage of this TRC20 wallet. This is the main reason I have not created and used a USDT wallet.

 

[Suba]

If I send crypto from a wallet to a TRC20 wallet, would it be successful? Or I have to send from a TRC20 wallet to another TRC20 wallet. What are the exact advantage of this TRC20 wallet. This is the main reason I have not created and used a USDT wallet.

Of course you can send TRC20, from any wallet to a crypto wallet that supports TRC20, for example you send usdt from an Atomic wallet to a trust wallet. And you will understand better after you try to install the wallet and learn about all the available features.

 

[Blessed19]

Well trc20 crypto coin under the Tron network as we all know they are several networks on the crypto blockchain just as we have ethereum network solana network phantom network binance smart chain network etc.

 

[Suba]

You are right there are many blockchains out there so each coin has a different blockchain, so you also have to be careful not to send the wrong coin with a different blockchain or you give your crypto address to someone with a different blockchain, so you will never receive the crypto.