Trezor Users Can Now Buy BTC Using Hardware Wallet

Trezor Users Can Now Buy BTC Using Hardware Wallet
  • Trezor users can now buy bitcoin directly using their hardware wallet.
  • Trezor Suite now allows them to convert between currencies without any counterparty risk.
  • The newer features are still in testing and development.

According to a tweet by the Bitcoin magazine, Trezor users can now buy bitcoin directly in their cold wallet. With the help of Invite’s crypto exchange comparison tool, users can connect with trusted partner exchanges that fulfill direct-to-custody trades using their preferred payment method.

Trezor Suite now allows them to convert between currencies without any counterparty risk since the hardware wallet is not controlled by an exchange. That means the coins users purchase will automatically be in their control as soon as they arrive.

Hence, Trezor’s beta wallet allows users to trade cryptocurrencies directly from their hardware wallets. This new feature is still in testing and development, but it contains features not yet available on the main Trezor client.

If it’s a person’s first time using the exchange feature, they have to agree to a disclaimer that states basically all the trades made are between the asset owner and the third party trading platform. The digital asset exchanges available on the Trezor platform include ChangeNow, Coinmama, Changelly, Paybis, and CoinSwitch. At the moment, supported cryptocurrencies include BCH, ZEC, XRP, LTC, BTG, DASH, DOGE, BTC, ETH, ETC, and XMR.

According to the thread, the rates are pretty much equal to (or even better than) most instant buy options on big exchanges.

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Godfrey Mwirigi is an enthusiastic crypto writer with an interest in Bitcoin, blockchain, and technical analysis. With a focus on daily market analysis, his research helps traders and investors alike. His particular interest in digital wallets and blockchain aids his audience in their day-to-day endeavors.

programmer & freelance writer