Crypto Hardware Wallet Trezor Adds Native Ethereum Support

Crypto Hardware Wallet Trezor Adds Native Ethereum Support

The Trezor Wallet development team has announced that the device’s beta firmware now offers native support for Ethereum, Ethereum Classic, and ERC20 tokens. In an announcement on the Trezor blog, the crypto hardware wallet manufacturer stated that existing third-party integrations such as MyEtherWallet, MyCrypto, and MetaMask, which currently enable Trezor to support these tokens, would continue to function parallel to the new functionality, with no plan to discontinue the integrations going forward.

Trezor Beta Operational Details

According to the company, instant crypto exchange platform Coinswitch has been added as a new wallet exchange partner alongside Shapeshift and Changelly, as part of a revamped user experience. The announcement states that to access the new functionality, users should select “Ethereum” or “Ethereum Classic” in the currency selector, and then select “Go to Trezor Ethereum Wallet.”  Once in, they may immediately commence using the new beta interface.

Users of any of the aforementioned third party Trezor integrations will immediately see their balance in what Trezor hopes will be a seamless user experience. The summary view presents them with an overview of their account balance and helps them select their desired tokens. The tab also shows users the total balance and current exchange rate denominated in any fiat currency of their choice.

They may also use the tab to deposit a selected crypto token to their wallet and monitor balances and transactions for any selected tokens.

Describing the “Send” and “Receive” functions, an excerpt from the announcement reads:

“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.”

The news comes as the latest attempt by Trezor to consolidate its position as a market leading hardware wallet. In October, CCN reported that it faces a stiff upcoming challenge from global electronics giant Sony, which is reportedly developing its own sophisticated hardware wallet.

In the same month, CCN also reported that the company issued a warning to its users about a counterfeit Trezor wallet on the market which was designed to steal user funds by impersonating the Trezor One to an astonishing degree of accuracy.

Featured Image from Trezor

08.12.2018 / 18:00 252
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