TON is a decentralized Layer 1 blockchain network. The blockchain network was developed by the Telegram team and called Telegram Open Network (TON).
The network’s native cryptocurrency, Toncoin, is used to power the blockchain network. It is used to pay for transaction fees, games, and other collectibles built on the network. This makes it an important component of the blockchain.
Toncoin is also a strong investment asset in the crypto industry now. It is currently the tenth largest crypto asset by market capitalization. Toncoin rose rather sharply in the most recent rally to get to this position.
This is because of some recent developments on the network that have made the network more valuable and attractive to developers. If you’re considering buying some Toncoin, it is important to consider the type of wallet to use for it. The following are the best wallets to use for the token.
Coinbase Wallet
We begin with Coinbase wallet, a web3 wallet created by Coinbase exchange. You can use it to hold Toncoin and over 260 other crypto assets. This is a non-custodial wallet, which means Coinbase doesn’t have access to your wallet or your assets.
Instead, you have exclusive control over your assets. The wallet allows users to also buy and stake crypto assets to earn passive income. You can also use it to hold non-fungible tokens (NFTs). Coinbase wallet was designed with beginners in mind, which is why it has a simple user interface.
The wallet is for mobile devices both Android and iOS, but it is also available as a browser extension for top web browsers.
Trust Wallet
Trust wallet supports millions of crypto assets across over 100 blockchains, including Toncoin. You can therefore use it to hold Toncoin and use it for other activities. You can also stake assets on Toncoin as well as hold NFTs.
The non-custodial wallet allows you full control over your assets, with no third party intrusion. The wallet comes as a mobile app for Android and iOS as well as a web browser extension for top browsers like Chrome and the others.
The wallet is also armed with a dApp browser which allows you to browse decentralized applications and know which ones to use.
Ledger Nano X
Ledger Nano X is a hardware crypto wallet that supports over 5,000 crypto assets. It is also a web3 wallet with all the features that the others provide. These include support for staking and also NFTs.
As a cold wallet, it provides the highest level of security for your crypto assets. It is particularly suitable for those who wish to buy and hold their Toncoin for a long time rather than actively trading it daily.
The wallet also has a Bluetooth feature that allows you to connect the wallet easily to a mobile device, not just a desktop device. This makes it more versatile and usable among a wider number of users than the other hardware wallets.
Atomic Wallet
Atomic is a web3 wallet that supports well over 1,000 crypto assets including Toncoin. The wallet also has several key features including staking and support for NFTs. You can use it to buy, send, receive, and hold all supported crypto assets.
It is a multi platform wallet, with support on mobile and desktop wallets alike. You can use it with all major desktop operating systems such as Windows, Mac, etc. It is also available for Android and iOS.
It more recently launched a browser extension version that you can also use with major web browsers like Chrome and others.
Blockchain.com Wallet
The Blockchain.com wallet is one of the first crypto wallets in the industry. It is a non-custodial wallet that is mainly online, but also has a mobile version for both Android and iOS devices. You can use this wallet to hold Toncoin.
The online version of the wallet also has a crypto exchange where you can buy and trade crypto assets, including Toncoin.
