Trezor (Crypto Hardware Wallet) Adds Native Ethereum Support

The development team of the Trezor Wallet announced that the beta firmware of the device will now be offering native support for Ethereum Classic, Ethereum and ERC20 tokens.

On the Trezor blog, an announcement was made that, third party integrations like MetaMask, MyCrypto, and MyEtherWallet will continue to work parallel to the new functionality.

Operational details of the Trezor Beta

The company revealed that it has added Coinswitch (an instant crypto exchange platform) as a new wallet exchange partner, along with Changelly and Shapeshift. The announcement says that, accessing the new functionality requires users selecting either “Ethereum Classic” or “Ethereum” in the currency selector. Then the option “Go to Trezor Ethereum Wallet” is selected. After successfully following these steps, the user may start making use of the new beta interface.

Users of the aforementioned third party Trezor integrations will immediately be able to view their balance. The summary view gives them an overview of their account balance and assists them in selecting the tokens of their choice. The tab also permits users to see the current exchange rate and the total balance.

The tab can also be used to make deposit of a selected crypto token to their wallet, and for each token selected, balances as well as transactions can be monitored.

Talking about the ‘receive’ and ‘send’ functions, a section from the announcement says: “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.”

This news is coming as Trezor’s latest attempt to mark its position as a leading hardware wallet in the market. CCN, in October reported that, a warning was issued by the company to its users concerning a fake Trezor wallet present in the market, designed to steal the fund of users.

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