SatoshiLabs, one of the most recognized cryptocurrency-related startups in the space has unveiled a new feature for its Trezor Wallet. In a blog post released by the company on October 22, it informs that it has released ‘Exchanges to the Trezor Wallet,’ allowing the Wallet to become more versatile and useful than never before.
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
The service is available since today and users will be able to exchange their virtual currencies for others. The interesting thing is that users will not have to leave the Wallet site. With this improvement, the whole exchanging process can be performed directly from the Trezor Wallet.
At the moment, the Trezor wallet has multiple accounts, multi-currency, complete transaction history and many other features. Now, users can exchange their digital assets without having to operate using another platform. Everything can be performed from the wallet interface.
SatoshiLabs, the company behind Trezor, informs that it will not take responsibility for the exchanging process. This includes exchange rates, fees and functionality. According to SatoshiLabs, the exchange feature is provided by ShapeShift and Changelly.
The company wrote about it:
“The exchange feature is provided by various third parties; SaoshiLabs bears no responsibility for the process, exchange rates, fees, or functionality. In this initial release, we have decided to cooperate with ShapeShift and Changelly.”
Additionally, the company says that they will operate without KYC procedures as they were doing until today during the last years. However, if the exchange providers decide to impose KYC controls, users will have to follow these rules. The personal information will be processed by these companies and not by Trezor Wallet and SatoshiLabs.
Changelly is an important cryptocurrency swap platform in the market. It works as a mediator between cryptocurrency exchanges and users, allowing users to invest in virtual currencies in a very easy way.
Shapeshift, instead, is also a leading blockchain technology company that operates different virtual currency products such as ShapeShift.io, CoinCap, and KeepKey, among others. Users can also purchase different virtual currencies such as Ethereum (ETH), Bitcoin (BTC) and Litecoin (LTC).
Trezor is one of the most used hardware wallets in the market. It supports various virtual currencies and it features a touchscreen, a strong processor and many other features.