Trezor Wallet Adds Native Support for Ethereum, Ethereum Classic and Erc-20 Tokens

Trezor Wallet Adds Native Support for Ethereum, Ethereum Classic and Erc-20 Tokens

The manufacturer of hardware wallets Trezor announced the start of native support for cryptocurrency Ethereum and Ethereum Classic, as well as ERC-20 standard tokens in the Trezor Wallet software, beta interface.

All of these assets have been supported by Trezor for quite a long time, but to work with them, users had to resort to third-party software, such as MyEtherWallet, MyCrypto, and MetaMask.

Now all of them have native support in the wallet interface: users need to select Ethereum or Ethereum Classic in the assets tab in the upper left corner of the interface and click on “Go to Trezor Ethereum Wallet”.

After that, a window should appear, displaying the balance on the account and its equivalent in the selected fiat currency. Here you can also add and track tokens balances at the discretion of the user.

The functions of receiving and transferring assets work in the same way as for the other cryptocurrencies in the Trezor Wallet interface. If desired, the user can refer to advanced settings that allow you to set a limit and the cost of gas or add additional data to the transaction.

As for MyEtherWallet, MyCrypto and MetaMask extensions, all of them will still be available and will not be disabled in the foreseeable future.

The function of direct asset exchanging without the need to leave the device interface was added to Trezor in October. This functionality is realized as a result of the partnership with platforms of instant exchange of digital assets, ShapeShift and Changelly.

In this regard, SatoshiLabs, which stands behind Trezor, notes that they are not responsible for cases where exchange service providers decide to use the User Identification Procedure (KYC).

In September the crypto-community harshly criticized ShapeShift because of the decision to launch the membership program and the associated collection of users’ personal data. The founder of the exchange platform, Erik Voorhees, however, said that this allowed the company to forestall possible legal risks.

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