After a hard work, we are excited to announce the release of Exchanges to the Trezor Wallet! From now on, you can seamlessly and securely exchange between different cryptocurrencies without ever leaving the Trezor Wallet interface. https://t.co/3r6aJ5hw5H
— Trezor (@Trezor) October 22, 2018
According to the announcement, Trezor Wallets now support Changelly and ShapeShift protocols to support instant cryptocurrency swaps between coins including Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and other major blockchain-based tokens and assets.
“The exchange feature is provided by various third parties; SatoshiLabs bears no responsibility for the process, exchange rates, fees, or functionality,” said the SatoshiLabs team. “In this initial release, we have decided to cooperate with ShapeShift and Changelly. Trezor Wallet will always operate without KYC, as the Wallet or your Trezor device are not custodial.”
Since the Trezor Wallet is completely offline, it offers a level of security not found in other wallet formats. This is especially the case when it comes to storage of cryptocurrencies on exchanges, which are responsible for nearly $1 billion in losses in 2018 alone.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.