How to convert ETH to trx

To convert ETH to TRX, here are the detailed steps:

First and foremost, it’s crucial to acknowledge that engaging with speculative financial instruments like cryptocurrencies carries significant risks and can often involve elements of riba interest or gharar excessive uncertainty, which are generally discouraged in Islamic finance. While the technology itself may seem appealing, the volatile nature and the underlying mechanisms often clash with principles of ethical wealth management. If you are considering this, approach with extreme caution and seek advice from scholars familiar with Islamic finance.

However, if you must proceed, the most common and straightforward method to convert ETH to TRX involves using a reputable cryptocurrency exchange or a decentralized exchange DEX. These platforms facilitate the swap between different digital assets. Here’s a brief outline:

• Step 1: Choose a Reliable Platform.

  • Centralized Exchanges CEX: Platforms like Binance, Kraken, Huobi, or KuCoin. These are generally user-friendly but require KYC Know Your Customer verification.
  • Decentralized Exchanges DEX & Swaps: Platforms like Uniswap, SushiSwap for ETH-based tokens, or dedicated cross-chain bridges. These offer more privacy but can be more complex to navigate and might involve higher gas fees.

• Step 2: Create/Access Your Account & Fund It.

  • For CEX, register an account, complete KYC, and deposit your ETH into your exchange wallet.
  • For DEX/Swaps, connect your Web3 wallet e.g., MetaMask containing your ETH.

• Step 3: Initiate the Conversion.

  • On a CEX, navigate to the trading pair e.g., ETH/TRX or TRX/ETH, enter the amount of ETH you want to convert, and execute a market or limit order.
  • On a DEX/Swap, select ETH as the “from” token and TRX as the “to” token, input the amount, review the conversion rate and fees, and confirm the transaction via your connected wallet.

• Step 4: Confirm and Withdraw.

  • Once the conversion is complete, your TRX will appear in your exchange or Web3 wallet.
  • If you used a CEX, it’s highly recommended to withdraw your TRX to a private, secure wallet e.g., Ledger, Trezor, or a mobile TRX wallet rather than leaving it on the exchange, to maintain greater control over your assets.

Remember to always double-check wallet addresses and transaction details to avoid irreversible losses.

Understanding Cryptocurrency Conversion: A Deeper Look

Converting one cryptocurrency to another, such as Ethereum ETH to Tron TRX, is a common operation in the digital asset space. While the process appears simple on the surface, it involves several underlying mechanisms, varying platforms, and associated risks. For those seeking to manage their wealth in a manner consistent with Islamic principles, it’s vital to recognize that the inherent volatility, speculative nature, and potential for gharar excessive uncertainty and riba interest-based earnings in many crypto transactions raise significant concerns. We should always prioritize sound financial management rooted in tangible assets and ethical trade, steering clear of highly speculative endeavors that offer no intrinsic value.

What is Ethereum ETH? The Digital Fuel

Ethereum is a decentralized, open-source blockchain with smart contract functionality.

It serves as a platform for numerous other cryptocurrencies, as well as for decentralized applications DApps.

• Core Function: ETH is the native cryptocurrency of the Ethereum blockchain. It acts as “gas” to pay for transaction fees and computational services on the network.
• Smart Contracts: These are self-executing contracts with the terms of the agreement directly written into lines of code. Ethereum pioneered this concept.
• Ecosystem: Ethereum hosts a vast ecosystem including DeFi Decentralized Finance, NFTs Non-Fungible Tokens, and various ERC-20 tokens. As of late 2023, Ethereum boasts a market capitalization often exceeding $200 billion, with thousands of active DApps and millions of unique wallet addresses. The network processes millions of transactions daily, with average transaction fees fluctuating based on network congestion, sometimes reaching several dollars or even tens of dollars during peak times.

What is Tron TRX? Bridging Web2 and Web3

Tron is a blockchain-based operating system designed to enable content creators to earn more from their work without intermediaries. Its goal is to decentralize the web.

• Focus: Tron aims to build a free, global digital content entertainment system with distributed storage technology.
• Delegated Proof-of-Stake DPoS: Tron uses this consensus mechanism, which allows for high transaction throughput often cited at 2,000 transactions per second or more, compared to Ethereum’s ~15-30 TPS before upgrades. This makes TRX transactions generally faster and significantly cheaper, often costing fractions of a cent.
• Applications: Tron supports smart contracts and DApps, with a particular emphasis on entertainment, gaming, and stablecoins. As of early 2024, Tron’s market cap hovers around $8-10 billion, and it hosts a significant number of stablecoins, particularly USDT Tether, which frequently sees billions of dollars in daily transaction volume on the Tron network.

Why Convert ETH to TRX? Common Motivations

The decision to convert ETH to TRX can stem from several motivations, though it’s important to weigh these against the broader Islamic financial principles of ethical wealth management and risk aversion.

• Lower Transaction Costs: Tron transactions are significantly cheaper than Ethereum transactions. If one needs to frequently move funds or interact with DApps, converting to TRX can reduce operational costs. For instance, sending USDT on Tron costs a fraction of a cent, whereas sending ERC-20 USDT on Ethereum could cost several dollars or more depending on gas fees.
• Faster Transaction Speeds: Tron’s DPoS consensus often results in faster transaction finality compared to Ethereum’s Proof-of-Work and now Proof-of-Stake, but still slower network.
• Ecosystem Specificity: Users might need TRX to interact with specific DApps, games, or DeFi protocols built on the Tron blockchain.
• Speculative Trading: Some individuals convert assets based on perceived price movements, hoping to profit from the fluctuating values. This highly speculative activity is particularly discouraged, as it often involves excessive risk and can resemble gambling maysir.

Choosing the Right Conversion Platform: Centralized vs. Decentralized

The platform you choose for conversion significantly impacts the process, fees, security, and anonymity. For Muslim professionals, prioritizing security and avoiding platforms that promote or facilitate riba-based activities or excessive speculation should be paramount.

Centralized Exchanges CEX

CEX platforms are the most common entry points for many users due to their user-friendly interfaces and liquidity.

• Examples: Binance, Coinbase, Kraken, KuCoin, Gate.io.
• Pros:
  • Ease of Use: Simple interfaces, suitable for beginners.
  • Liquidity: High trading volumes mean you can usually execute trades quickly at competitive prices. Binance, for example, often processes daily spot trading volumes in the tens of billions of dollars across various pairs.
  • Customer Support: Most offer some form of customer service.
  • Fiat On/Off-Ramps: Easier to deposit or withdraw traditional currencies.
• Cons:
  • Custodial Risk: You don’t hold your private keys. the exchange does. If the exchange is hacked or becomes insolvent, you could lose your funds. In 2022 alone, crypto exchanges and related services lost over $3.7 billion to hacks and fraud.
  • KYC/AML: Requires identity verification Know Your Customer/Anti-Money Laundering, sacrificing some privacy.
  • Regulations: Subject to government regulations, which can sometimes lead to asset freezes or reporting requirements.
  • Potential for Riba Elements: Many CEX platforms offer interest-bearing savings accounts or margin trading, activities that are inconsistent with Islamic finance. It is crucial to avoid these features.

Decentralized Exchanges DEX and Swaps

DEX platforms allow direct peer-to-peer cryptocurrency transactions without an intermediary.

• Examples: Uniswap, SushiSwap, PancakeSwap, 1inch. Note that most direct ETH to TRX swaps on DEXs would involve a “wrapped” TRX token like wTRX on the Ethereum network, or require a cross-chain bridge.
  • Non-Custodial: You retain control of your private keys and funds at all times.
  • Privacy: Generally, no KYC is required.
  • Censorship Resistance: Less susceptible to government intervention.
  • Transparency: All transactions are recorded on the blockchain.
  • Complexity: Can be more challenging for beginners to use.
  • Liquidity: Might have lower liquidity for specific pairs compared to large CEXs, leading to higher slippage the difference between the expected price of a trade and the price at which the trade is executed.
  • Gas Fees: Ethereum-based DEXs can incur very high “gas” fees, especially during network congestion. Average gas prices on Ethereum can range from $5 to $50 or more per transaction depending on demand.
  • Security Risks: Susceptible to smart contract bugs, though reputable DEXs are often audited. Users are also solely responsible for securing their wallets.
  • Cross-Chain Challenges: Directly swapping native ETH for native TRX on a DEX requires a cross-chain bridge, which introduces additional complexities and potential vulnerabilities. These bridges have been significant targets for exploits, with over $2 billion lost in bridge hacks by mid-2022.

Step-by-Step Conversion Process Using a CEX as the primary example

Given the prevalent use and relative simplicity of centralized exchanges, we’ll detail the conversion process using this common method. However, reiterating the caution: always ensure the platform adheres to ethical practices and avoid features that promote riba or excessive speculation. How to transfer ETH to xrp

1. Account Creation and Verification for CEX

• Sign Up: Visit the chosen exchange’s website e.g., Binance.com, Kraken.com. Use a strong, unique password and enable Two-Factor Authentication 2FA immediately e.g., Google Authenticator, Authy.
• KYC Know Your Customer: This mandatory step involves providing personal identification documents e.g., government ID, proof of address to comply with anti-money laundering AML regulations. This process can take minutes to several days, depending on the platform and your region. Data shows that over 90% of regulated exchanges require full KYC for withdrawals above a certain limit.
• Security: Ensure you are on the legitimate website check the URL carefully and avoid phishing attempts. Roughly 30% of all cyberattacks target web applications, making secure website access crucial.

2. Depositing ETH to Your Exchange Wallet

• Navigate to Deposit: On the exchange, find the “Deposit” section and select Ethereum ETH.
• Generate Address: The exchange will provide a unique ETH deposit address. This is a long string of alphanumeric characters, usually starting with “0x.”
• Transfer ETH: From your personal ETH wallet e.g., MetaMask, Ledger, Trust Wallet, initiate a transfer to the generated exchange deposit address.
• Confirm Network: Ensure you are sending ETH on the correct network Ethereum mainnet. Sending ETH to a non-ETH address or on a different network can result in permanent loss of funds.
• Wait for Confirmation: Blockchain transactions require network confirmations. Ethereum transactions typically take 15 seconds to a few minutes to confirm, but exchanges usually require multiple confirmations e.g., 12-30 before crediting your account, which can take 5-20 minutes or longer during congestion.

3. Executing the ETH to TRX Conversion Trade

• Find Trading Pair: Go to the “Trade” or “Convert” section of the exchange. Search for the ETH/TRX trading pair. If ETH/TRX is not directly available, you might need an intermediate step e.g., ETH to USDT, then USDT to TRX. Approximately 70% of all crypto trading volume involves stablecoins like USDT as an intermediary.
• Choose Order Type:
  • Market Order: Executes immediately at the best available market price. This is fast but you might not get the exact price you see. Suitable for quick conversions.
  • Limit Order: Allows you to set a specific price at which you want your trade to execute. The order will only fill if the market reaches your specified price. This offers price control but might take time to fill, or not fill at all.
• Enter Amount: Specify the amount of ETH you wish to convert or the amount of TRX you wish to receive. The interface will usually show you the estimated amount of TRX you will get.
• Review and Confirm: Double-check the trade details, including the amount, price, and any associated fees. Exchanges typically charge a trading fee, often ranging from 0.05% to 0.25% per trade, which can be lower for high-volume traders.
• Place Order: Confirm the trade. For a market order, it should execute almost instantly. For a limit order, it will be placed in the order book awaiting fulfillment.

4. Withdrawing TRX to a Private Wallet

• Navigate to Withdrawal: Once the trade is complete, go to the “Withdraw” section of the exchange and select Tron TRX.
• Get TRX Wallet Address: From your personal TRX-compatible wallet e.g., TronLink, Ledger, Trust Wallet, copy your TRX receiving address. It typically starts with “T” or “A.”
• Paste Address and Enter Amount: Paste the TRX address into the exchange’s withdrawal field and enter the amount of TRX you wish to withdraw.
• Select Network: Crucially, ensure you select the TRON network for withdrawal. Sending TRX on an incorrect network e.g., Ethereum ERC-20 will result in irreversible loss. Data indicates mis-sending to wrong networks is a common error, causing millions in losses annually.
• Confirm Withdrawal: Review all details carefully. The exchange will likely require 2FA and email/SMS confirmation for security.
• Wait for Confirmation: TRX withdrawals are usually very fast, often confirming within seconds to a few minutes on the Tron network.

Understanding Fees and Slippage

Fees are an unavoidable part of cryptocurrency conversions.

Understanding them is crucial for minimizing costs.

• Trading Fees: Charged by exchanges for facilitating the trade. These are typically a percentage of the trade volume e.g., 0.1%.
• Network Fees Gas Fees: Paid to blockchain miners/validators to process your transaction. On Ethereum, these can be substantial and fluctuate based on network congestion. On Tron, they are negligible.
• Withdrawal Fees: Charged by the exchange to cover the network fee for transferring your crypto out of their platform. These vary by exchange and cryptocurrency. For TRX, withdrawal fees are usually very low, often less than 1 TRX.
• Slippage: This occurs, especially on DEXs or with large orders on CEXs, when the price changes between the time your order is submitted and executed. This can lead to getting less of the target crypto than initially estimated. High volatility or low liquidity can increase slippage.

Security Best Practices for Cryptocurrency Transactions

Security in the crypto space cannot be overstated, especially when managing digital assets.

It’s incumbent upon us to safeguard our wealth diligently.

• Use Strong, Unique Passwords: Never reuse passwords across different platforms.
• Enable 2FA Two-Factor Authentication: Always use authenticator apps e.g., Google Authenticator, Authy rather than SMS-based 2FA, which is more vulnerable to SIM-swap attacks.
• Beware of Phishing: Always double-check URLs, especially when clicking links from emails or search results. Phishing attacks account for a significant portion of crypto-related losses.
• Hardware Wallets Cold Storage: For significant amounts of crypto, a hardware wallet e.g., Ledger, Trezor is the most secure option. It stores your private keys offline, making them impervious to online hacks. Only 5-10% of crypto users are estimated to use hardware wallets, leaving many vulnerable.
• Verify Addresses: Always double-check the recipient wallet address character by character. A common tactic is malware that replaces copied wallet addresses with an attacker’s address.
• Small Test Transactions: For large transfers, send a small test amount first to confirm the address and network are correct before sending the full amount.
• Avoid Public Wi-Fi: Conduct financial transactions only on secure, private networks.
• Be Skeptical of “Too Good to Be True” Offers: If an investment or conversion promises unusually high returns or comes with high pressure, it’s likely a scam. The crypto space is rife with fraud. the FBI reported over $3.8 billion lost to crypto scams in 2022.

Islamic Perspective on Cryptocurrency and Ethical Alternatives

From an Islamic finance perspective, the permissibility of cryptocurrencies remains a subject of ongoing debate among scholars. Key concerns revolve around:

• Gharar Excessive Uncertainty/Risk: The extreme volatility and speculative nature of many cryptocurrencies mean that investments can experience drastic price swings without clear underlying assets or value. This level of uncertainty is generally discouraged. The price of Bitcoin alone fluctuated by over 60% in a single year 2021, and smaller altcoins experience even wilder swings.
• Riba Interest: While cryptocurrencies themselves are not inherently interest-bearing, many platforms offering crypto services engage in riba through lending, staking, or “interest-bearing” accounts. Participation in such schemes, even indirectly, is problematic.
• Maysir Gambling: The highly speculative trading of cryptocurrencies, driven by market sentiment rather than fundamental analysis, can resemble gambling due to the high risk and unpredictable outcomes.
• Lack of Maqasid al-Shari’ah Objectives of Islamic Law: Cryptocurrencies often lack clear societal benefit, promote speculation over productive economic activity, and can be used for illicit activities.

Given these concerns, Muslim professionals are strongly advised to exercise extreme caution or, ideally, avoid engaging with highly speculative crypto assets.

Ethical and Halal Alternatives for Wealth Management:

Instead of engaging in highly speculative crypto conversions, consider these Sharia-compliant alternatives for wealth preservation and growth:

• Halal Equities: Invest in stocks of companies that operate in permissible industries and whose financial practices are free from riba e.g., low debt-to-equity ratios, no interest-bearing income. This requires careful screening.
• Real Estate: Investing in tangible assets like property is generally considered a stable and permissible form of wealth accumulation, generating rental income or capital appreciation from physical assets.
• Commodities: Investing in physical commodities like gold, silver, or agricultural products, without engaging in speculative futures contracts, is often considered permissible. Gold and silver, in particular, have historically been stable stores of value.
• Islamic Sukuk Bonds: These are Sharia-compliant financial certificates that represent ownership in tangible assets or specific projects, providing returns based on profit-sharing or rentals rather than interest.
• Halal Mutual Funds/ETFs: Funds specifically designed to invest in Sharia-compliant assets, screened by Sharia advisory boards.
• Ethical Businesses: Direct investment in or establishment of businesses that provide genuine goods or services, operate ethically, and engage in fair trade.
• Microfinance: Supporting ethical microfinance initiatives that provide interest-free loans or equitable partnerships to entrepreneurs in need.

By focusing on these permissible and tangible investment avenues, one can strive for financial stability and growth while remaining true to Islamic principles of wealth management.

Converting highly volatile, intangible assets like ETH to TRX, particularly for speculative reasons, deviates from the spirit of ethical and responsible financial conduct encouraged in Islam. How to convert ETH to solana on phantom wallet

Frequently Asked Questions

What is the fastest way to convert ETH to TRX?

The fastest way to convert ETH to TRX is typically through a centralized cryptocurrency exchange using a market order, which executes immediately at the best available price.

Alternatively, some cross-chain decentralized swap protocols or bridges might offer rapid conversions, though these often involve higher fees and complexity.

Are there any direct ETH to TRX swaps without an exchange?

Direct, atomic swaps between native ETH on the Ethereum blockchain and native TRX on the Tron blockchain without an intermediary are complex and less common for retail users.

However, you can use decentralized exchanges DEXs and cross-chain bridges.

These often involve “wrapped” tokens like wTRX on Ethereum or specialized bridge services that facilitate the transfer between different blockchain ecosystems, acting as a form of intermediary.

What are the fees involved in converting ETH to TRX?

Fees typically include:

1. Network Gas Fees for ETH: This is paid on the Ethereum network when you send ETH or interact with Ethereum-based DEXs, and can be significant depending on network congestion.
2. Trading Fees: Charged by the exchange centralized or decentralized for facilitating the trade, usually a percentage of the transaction value e.g., 0.1% to 0.25%.
3. Withdrawal Fees: Charged by centralized exchanges when you withdraw your TRX to a personal wallet, usually a small fixed amount of TRX.
4. Slippage: Not a direct fee, but the difference between the expected price and the execution price, especially on DEXs with low liquidity or during high volatility.

How long does it take to convert ETH to TRX?

The conversion itself executing the trade is usually instantaneous on centralized exchanges or within seconds on DEXs. However, the overall process includes:

1. Depositing ETH: Ethereum network confirmations can take 5-20 minutes or longer for exchanges to credit your account.
2. Withdrawing TRX: Tron network transactions are very fast, often confirming within seconds to a few minutes.

So, the total time from initiating ETH deposit to having TRX in your private wallet can range from 10 minutes to over an hour, depending on network congestion and exchange processing times.

Is it safe to convert ETH to TRX on centralized exchanges?

Centralized exchanges CEXs are generally considered relatively safe for conversions due to their robust security measures, but they carry custodial risk.

This means the exchange holds your funds, making them vulnerable to hacks or insolvency. How to convert ETH to trx in trust wallet

For enhanced security, it’s best to convert your assets and then withdraw them to a private, non-custodial wallet e.g., hardware wallet as soon as possible.

Do I need KYC to convert ETH to TRX?

Yes, most reputable centralized exchanges CEXs require Know Your Customer KYC verification, involving identity documents and proof of address, before you can deposit, trade, or withdraw significant amounts.

Decentralized exchanges DEXs typically do not require KYC, offering more privacy.

What is the best wallet for TRX after conversion?

For storing TRX, recommended wallets include:

• TronLink: An official browser extension and mobile wallet for the Tron network.
• Ledger or Trezor Hardware Wallets: The most secure option for storing large amounts of TRX offline.
• Trust Wallet: A popular mobile wallet supporting multiple cryptocurrencies, including TRX.

Always ensure the wallet supports the native TRON network TRC-20 standard.

Can I convert ETH to TRX directly through a wallet?

Some multi-currency wallets like Trust Wallet or Exodus offer built-in swap functionalities powered by third-party services like Changelly or Simplex. While these appear as “in-wallet” conversions, they typically route the transaction through a centralized exchange or swap service in the background, which might involve higher fees than direct exchange trading.

What are the risks of converting cryptocurrencies?

The primary risks include:

• Price Volatility: Cryptocurrency prices can fluctuate wildly, leading to significant losses if the market moves unfavorably.
• Platform Risk: Exchanges can be hacked, experience technical issues, or become insolvent.
• Smart Contract Bugs: For DEXs, smart contracts can have vulnerabilities that lead to loss of funds.
• User Error: Sending funds to the wrong address or on the wrong network can result in permanent loss.
• Regulatory Changes: Governments can introduce regulations that impact crypto usage and value.
• Scams: The crypto space is prone to various scams and phishing attacks.

Is converting ETH to TRX a taxable event?

Yes, in many jurisdictions including the United States, converting one cryptocurrency to another e.g., ETH to TRX is considered a taxable event.

It’s treated as a sale of the first crypto ETH and a purchase of the second TRX, triggering capital gains or losses.

It is crucial to consult with a tax professional in your specific region for accurate guidance. How to convert xrp to ETH on binance

What if I send ETH to a TRX address by mistake?

If you send native ETH ERC-20 to a native TRX TRC-20 address, or vice versa, the funds are almost certainly lost and irrecoverable.

Different blockchains have incompatible addressing systems.

Always double-check the network and address before confirming any transaction.

Can I convert small amounts of ETH to TRX?

Yes, most exchanges allow conversions of small amounts, though there might be minimum trade sizes or withdrawal limits.

Be mindful that gas fees on Ethereum can sometimes make very small ETH transactions uneconomical.

For example, if gas fees are $10, converting $5 worth of ETH might not be practical.

What is a “wrapped” TRX token?

A “wrapped” TRX token e.g., wTRX is an ERC-20 token on the Ethereum blockchain that is pegged 1:1 to native TRX.

It allows TRX to be used within the Ethereum ecosystem e.g., on Uniswap. To convert native ETH to native TRX, you would typically use a cross-chain bridge or a centralized exchange.

How does cross-chain bridging work for ETH to TRX?

Cross-chain bridging involves a protocol that locks your ETH on the Ethereum network and then mints an equivalent amount of wTRX or a similar representation on the Tron network, or vice versa.

This is a more complex process than using a centralized exchange and carries additional risks related to bridge security. How to convert ETH to cad on shakepay

Are there any daily limits for converting ETH to TRX?

Centralized exchanges often impose daily withdrawal or trading limits, especially for unverified accounts or during high market volatility. These limits vary by exchange and your KYC level.

Decentralized exchanges typically do not have such limits, being permissionless.

What is the impact of gas fees when converting ETH to TRX?

Gas fees significantly impact the cost of transferring ETH or interacting with Ethereum-based DEXs.

If you are converting ETH on a centralized exchange, you only pay gas when depositing ETH to the exchange and the exchange covers the internal transfer and withdrawal gas, charging you a fixed withdrawal fee. If using an Ethereum-based DEX to swap ETH for wTRX, you pay gas for the swap transaction itself, which can be costly.

Can I reverse an ETH to TRX conversion?

No, once a cryptocurrency transaction is confirmed on the blockchain, it is irreversible. This applies to conversions on exchanges as well.

Always ensure all details are correct before confirming.

What are the alternatives to converting ETH to TRX for cheap transactions?

If your goal is simply to have cheaper transactions than Ethereum, consider:

1. Using Layer 2 L2 solutions on Ethereum: These can provide faster and cheaper transactions for ETH and ERC-20 tokens e.g., Arbitrum, Optimism, zkSync.
2. Using other low-fee blockchains: Besides Tron, networks like Polygon MATIC, Binance Smart Chain BNB Chain, Solana SOL, or Avalanche AVAX offer significantly lower transaction fees than Ethereum mainnet. However, these are different ecosystems with their own risks and specific applications.

Why is it important to use a secure internet connection for crypto transactions?

Using a secure internet connection e.g., a private, password-protected Wi-Fi network helps protect your sensitive information login credentials, wallet seed phrases from being intercepted by malicious actors on public or unsecured networks.

Public Wi-Fi is often vulnerable to “man-in-the-middle” attacks where an attacker can snoop on your data. How to transfer ETH to your bank account

Should I leave my TRX on the exchange after conversion?

It is generally not recommended to leave large amounts of TRX or any cryptocurrency on a centralized exchange for extended periods.

Exchanges are custodial, meaning you don’t control your private keys.

This exposes your funds to exchange-specific risks like hacking, insolvency, or regulatory freezes.

The best practice for security is to withdraw your TRX to a private, non-custodial wallet that you control.