Trezor users can now trade cryptocurrencies in-wallet
Trezor, the cryptocurrency hardware wallet, has this week added ability to buy and trade cryptocurrencies from within its beta wallet interface, all without the funds leaving the wallet into a different exchange as was before.
Currently, the beta feature allows users to exchange eleven different digital assets on the various exchange platform supported. In other words, a user can buy and exchange digital assets on the various exchanges without transferring the assets from Trezor. You can buy these digital assets from an exchange, store them in the wallet or decide to swap them on the same trading platforms. The exchange supported where you can buy the various digital wallets include Changelly, Coinmama, ChangeNow, Coinswitch, and Paybis. For now, the supported coins include BCH, ZEC, XRP, LTC, BTG, XMR, DASH, DOGE, BTC, ETH, ETC, and XMR.
The new service can be accessed via the new 'exchange' tab located on the top right side of the screen. As usual, the person will need to login and connect their device before accessing the service.
And although the exchanges supported might require the user to run KYC, the Trezor Exchange does not require users to do this. The team is evaluating the possibility of adding a decentralized exchange. Keepkey, which is owned by Shapeshift, also supports in-wallet swaps as well where the user selects a currency in their wallet that they would like to trade with other assets available from a drop-down menu.
Last month, Trezor also announced integration with MetaMask -- a Chrome extension for Ethereum -- where users can use MetaMask with Trezor to check your account balances (ETH and tokens), sign transactions, and also to manage smart contracts and ÐApps. However, users will not need to transfer ethers or tokens to MetaMask before dealing with contracts hence cutting off this time-consuming task. It will also help them avoid saving their private keys on MetaMask.
Users only need to connect their Ethereum account from the Trezor device and it will be shown as “Trezor” account, from where they can see their entire transaction history, balance, etc. They will also need to sign transactions by approving the request from their device.