What is TRX?
TRX (Tronix) is the native cryptocurrency of the TRON blockchain. It serves multiple purposes within the TRON ecosystem:
- Transaction Fees: TRX is used to pay for transaction fees on the network, ensuring that users can send and receive tokens without incurring high costs.
- DApp Support: TRX powers decentralized applications (DApps) built on the TRON platform, enabling a wide variety of functionalities.
What is TRC-20?
TRC-20 is a technical standard for creating tokens on the TRON blockchain. It is similar to Ethereum's ERC-20 standard but offers unique advantages due to the underlying architecture of the TRON network. Here are some essential characteristics:
- Smart Contract Compatibility: TRC-20 tokens leverage the capabilities of smart contracts on the TRON Virtual Machine (TVM), allowing developers to create complex applications and automated processes.
- Interoperability: These tokens can interact with other tokens and applications within the TRON ecosystem, enhancing their utility.
- Low Transaction Costs: Transactions involving TRC-20 tokens typically incur lower fees compared to those on other networks like Ethereum.
How to Find Your TRC 20 address on Coins app
Here’s a simple step-by-step guide to locate your TRC20 wallet address using the Coins.ph app:
1. Open the Coins.ph App: Launch the app on your mobile device.
2. Access the QR Code Icon: Tap the QR code icon in the upper right corner.
3. Select “Receive Crypto”: Click on Receive Crypto at the top of the screen.
4. Choose token: Select TRC20 supported tokens from the list of available cryptocurrencies.
5. Select TRC20: Click on TRON network.
6. View Your Wallet Address: Your wallet address will be displayed along with a QR code for easy sharing.
How to Find Your TRC 20 address on Coins website
If you prefer using the website, follow these steps:
1. Log into Your Coins.ph Account: Go to the Coins.ph website and log in.
2. Navigate to Portfolio: Click on the Portfolio tab.
3. Select token: Select TRC20 supported tokens from the list of available cryptocurrencies, and click on Deposit ***.
4. Select TRC20: Click on TRON network.
5. Click Deposit: Your wallet address will be shown along with a QR code.
Important Considerations
- Verify Addresses: Always double-check your wallet address before sending or receiving funds.
- Supported Cryptocurrencies: Ensure you are sending only supported cryptocurrencies to their respective addresses.
- Network Compatibility: Use the correct network for transactions (e.g., BTC should be sent over the Bitcoin network).
- Address Uniqueness: Remember that your BTC wallet address is different from your Coins.ph account number.