On October 22, SatoshiLabs, the creator of cryptocurrency hardware wallet TREZOR, announced the release of Exchanges to the Trezor Wallet, making the Wallet more versatile and useful than ever before. Users can now seamlessly exchange between different cryptocurrencies without ever needing to leave the Wallet site. The entire exchange process can be initiated and observed directly in the Wallet interface.
In addition to the current features like multiple accounts, multi-currency, complete transaction history, sending, and receiving, users can also conveniently exchange coins and tokens directly in their wallets.
The SatoshiLabs team notes that the exchange feature is provided by various third parties; SatoshiLabs bears no responsibility for the process, exchange rates, fees, or functionality. In this initial release, SatoshiLabs has decided to cooperate with ShapeShift and Changelly.
Trezor Wallet will always operate without KYC, as the Wallet or the Trezor device are not custodial. If the exchange providers decide to enact KYC, registration and verification will be done by them. Users’ personal information will not be processed by Trezor Wallet / SatoshiLabs, nor will it ever be requested by the company. Customer support for exchanges will be serviced by the partners.
Changelly is a leading instant cryptocurrency swap platform which acts as a mediator between trading cryptocurrency platforms and users, providing a wide range of digital assets for a seamless exchange.
ShapeShift AG is a leading blockchain technology company based in Switzerland. Its primary service, ShapeShift.io, is a an online marketplace where users can buy and sell digital assets.