Confusion of Tron Wallet on Steem Made Me Lost a Few TRX Along the Way

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Avatar for littlenewthings
3 years ago

One word after the bridging begins: CONFUSING.

Hi everyone! Today I have noticed while I have activated the Tron and Steem link together, I noticed that every single time I collect the rewards, if I wasn't careful, I might easily loose the Tron private key repeatedly every time I click on "update wallet".

Hence I have decided to write a pointer guide that I have observed in order for any Steemit authors here who just so happened to read from read.cash platform as well.


Not that having an extra air drop is saddening, but this is more like a reminder that just like the new segwit style for exchange wallets like Coinbase, for the sake of security, there are some things Steemit users MUST be careful before the next rewards collection.

One: Don't overwrite your downloaded PDF Tron Address

I have made a few mistakes for not being careful noticing the change of the wallet address on Steem whenever there was a reminder to update the wallet.

Warning: This is not your permanent wallet address!

Unlike most of us Steemit Veterans, we were so used to one account policy for years, we have overlooked that TRX will not behave the same like Steemit. In fact, for the sake of security, everytime you click to download your PDF wallet, it actually generates a new wallet address for you. So if you absent mindedly downloaded and overwritten your wallet address, you might actually loose some of the TRX in between; especially if your author rewards is high.

One more important point: All your wallets are not linked to your Steemit account name.

Unless I haven't discovered the secret yet. But so far, nope, once you lose your private keys, you will loose your rewards.

Two: TRX TR10 chain is still quite young and "slow"

With almost seamless transactions in the Steem blockchain for years, many users will not be used to the new TRC10 token which currently takes about 2 - 5 minutes to update your data in the Tronlink explorer.

If you are not certain whether it passed through, just click on the Tron Explorer.

However:

It will only show the latest TRX address that is linked to be rewarded with the Steemit account. So be careful.

Three: DO NOT click on the Tron account after collecting rewards, do it BEFORE.

I have noticed that if you update the wallet first, THEN collect the rewards, you have very high percentage that you would be getting your TRX secured in 5 minutes after you collected your author / curation rewards.

Once you do that, when you import it into the Tron Wallet, you will be able to get your TRX transferred to a main designated address of your own. With no gas fees charged, but your bandwidth of the day will be used for the transfer action.


These are the 3 very important keys (at the moment) that I have noticed; and I will be updating this post again should I notice anything else because I am still very much confused with this new bridging element of surprise. Don't get me wrong, I am not hating it; but it is very new and it does need time to re-familiarise the Steemit (bonus) rewards if we want to obtain it successfully.

I do hope that those who have friends who still write in Steemit site will be able to find this discovery shared here useful!

If they are oblivious about it, they will lose a lot (of TRX) on the long run.

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Avatar for littlenewthings
3 years ago

Comments

You should have included your steemit referral link in case some people, including myself, wants to sign up under your referral link.

$ 0.00
3 years ago

There is no referral for Steemit. There is for HIVE but not Steemit; not that I remember https://signup.steemit.com/

You can go here right away.

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3 years ago

Hm... I am not certain whether I can get it. Let me check.

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3 years ago