'Trezor' Wallet Now Support Ethereum [ETH], Ethereum Classic [ETC] And ERC20 Tokens.

'Trezor' Wallet Now Support Ethereum [ETH], Ethereum Classic [ETC] And ERC20 Tokens.

2018-12-10 | Selina Mathew

'Trezor' Wallet Now Support Ethereum [ETH], Ethereum Classic [ETC] And ERC20 Tokens.

The Trezor crypto hardware wallet development team has declared that the device’s beta firmware update now provides native support for Ethereum [ETH], Ethereum Classic [ETC], and ERC20 tokens. In an 'announcement' revealed in the Trezor web blog post, the crypto hardware wallet manufacturer declared that existing third-party integrations like MyEtherWallet, MyCrypto, and MetaMask, that presently enable Trezor to support these tokens, would still perform parallel to this new introduced update, with no plans to discontinue the integrations in the mere future.

Trezor New Firmware Update

As per the company, instant crypto exchange platform Coinswitch has been in a partnership alongside the ShapeShift exchange and Changelly Exchange, as a part of a revamped user expertise. The announcement also states that to access the new features, users need to choose “Ethereum [ETH]” or “Ethereum Classic [ETC]” within the currency selector, and so choose “Go to Trezor Ethereum Wallet.” Once in, they can directly start using the new beta interface.

Users of any of the said third party Trezor integrations can directly see their balance in what Trezor hopes would be a seamless user expertise. The outline  further presents them with an summary of their account balance and helps them choose their desired tokens. The tab conjointly shows users the entire balance and current 'crypto exchange' denominated in any native currency of their alternative.

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

Describing the “Send” and “Receive” functions,  the announcement adds:

“These new sections are same to what you're already using. Use the Receive tab to view your receiving address either within the text type or as a QR code. Forever keep in mind, to verify the address on your Trezor device. The Send tab permits you to set the outgoing transactions and their fees. within the advanced settings, Gas limit can be also changed, Gas Price and add further information to the transaction.”

This latest update confirms Trezor’s existing position within the markets leading hardware wallet manufacturers.

Earlier in October, Tezor issued a warning to its users regarding a counterfeit Trezor hardware wallet available in the market that was designed to steal user funds by impersonating the [Trezor One] to an astonishing degree of accuracy.

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