Trezor, which prides itself to be the”original” bitcoin hardware wallet is now going to support Ethereum on its platform. The Beta version of Trezor’s high-quality firmware will be able to store ERC-20 tokens, Ethereum, and Ethereum Classic.
Coinswitch has been added as the new wallet exchange partner too as it joins Changelly and ShapeShift in the small list of partner wallets of Trezor. The support for these additional crypto coins and tokens can be accessed by selecting the name of their preferred coin, choosing to go to that coin’s Trezor wallet, and carrying on with storage/withdrawal functions in the beta interface that will then open up.
On the send and receive function the announcement says: “These sections function very similarly to what you are used to. Use the Receive tab to display your receiving address either in the text form or in the form of a QR code. Always remember to verify the address on your Trezor device. The Send tab allows you to set outgoing transactions and transaction fees. In the advanced settings, you can set the Gas limit, Gas price and add additional data to the transaction.”
Trezor is essentially an offline bitcoin wallet designed to help users keep their cryptocurrency within arm’s reach and extremely secure. It operates as a very secure cold storage device, meaning it is always offline.
However, it provides great flexibility and connectivity when the need to trade or exchange cryptocurrencies arises. It’s noted by many to be the most trusted and secure way to store bitcoins.