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Purchasing Bitcoin through Trezor 3rd Party Exchanges
I own 30% of one BTC on Robinhood. I've done research on this sub and decided I wanted to own my Bitcoin, so I purchased a Trezor that got here today. I noticed that there seems to be quite the premium on the exchanges listed through Trezor. I understand I don't own my Bitcoin directly through Robinhood and therefore can't directly transfer over. However, my 30% is roughly $3190 and to purchase that through Trevor 3rd party exchanges, the same amount of BTC is $3360 ($170 more). Is this the best way to go about purchasing Bitcoin to keep it in cold storage? Or is there another way I should go about this to avoid such high premiums? I've seen that you can change the transaction time to reduce fees, but I'm not seeing that option through Trezor. I'm new to this so any help is appreciated.
04-26 14:54 - 'Accidentally sent LTC from exchange to BTC address in my Trezor. And was able to recover.' (self.Bitcoin) by /u/AussieBitcoiners removed from /r/Bitcoin within 67-77min
''' Accidentally sent LTC from exchange to BTC address in my Trezor. And was able to recover. If you have done the same mistake, this few lines will help you.
Don't be stressed. The LTCs are recoverable, as long as you have got your trezor. If you have sent to another exchange, that would be different issue and will depend on the destination exchange's customer support.
Apparently this is a common mistake. That was the reason new LTC addresses start with M rather that 3. I wish there was a hint in the withdrawal page of the exchange, asking me to make sure my LTC address is starting with 3 not M.
The solutions I found where involved extracting the private key for the address you have used and then importing that address to a LTC wallet that allows you to import keys. This would expose your private key, which is not good.
Better solution is to use Electrum-LTC wallet which is able to use Trezor and with a little tweak you will be able to see and transfer the LTCs without exposing your mnemonics or private key.
Wallet: give a name to your wallet -> Next standard wallet -> Next use a hardware device -> Next Select your trezor -> Next Put your passphrase if you have one -> Select p2sh-segwit and override the derivation path of m/49'/2'/0' with m/49'/0'/0' -> Next Encypt wallet file is ticked -> Next
I couldn't find where did I read this solution. I am thanksful of it. And would like to share this so that this solution could be found easier. Please help spreading it.
Hey , What are some cheaper ways of storing bitcoin off crypto exchange websites other than trezor and ledger.
I looked into them and they were kind of expensive imo not gonna lie. I get a decent amount of bitcoin but i usually sell it for cash in a couple days. I'm just curious if there's any free or safer but cheaper alternatives than ledger and trezor. I heard of offline wallets ? Stuff that you download on your computer. I'm not reallythat knowledgeable about bitcoin. I'm not gonna lie. Maybe one of you guys can explain the difference between a cold wallet and a warm one ? Or link me some article that explains it if possible. Don't be mean and give me a "let me google t hat for you" hahah i already kinda did and there's a lot of articles taht talk about nothing. :p Anyways yeah. Like i said. I have a decent amount of bitcoin. I don't plan on hodling it. It's usually sold within a couple days. But still i don't want to go through the risk of getting my shit stolen cause of a hack attack on blockchain or something. ( that's where i receive money ). So if there's any free or cheaper alternatives i'm all ears. Thank you for your time. edit: soo a multisignature wallet or a cold storage wallet makes me own the actual keys and would be safe from online attacks to the website ? From the little research that i've done it says i should get my money off the site exchanges asap. Would a cold store wallet or a multisignature one be good enough ?
Today was awesome. I made my first (non exchange) BTC transaction! I sold my truck for Bitcoin! I'm very excited about it. Also, the BTC payment showed up on my Trezor account instantly. We also had 3 confirmations within 15 minutes.
Any thoughts on best exchange to transfer Bitcoin Cash to sell in USD and to buy Bitcoin and transfer back to Trezor?
I am a newbie to this and have my bitcoin cash now held on my trezor with my bitcoins. Would like to sell half of my bitcoin cash and buy more bitcoin with it and transfer those bitcoins back to my trezor. Will be doing all of this in USD ($). Would appreciate thoughts on what is best exchange in terms of safety, ease of depositing Bitcoin Cash and ease of withdrawing Bitcoin to Trezor. Looking at Bitfinex and Bittrex but would appreciate any thoughts or recommendationsThank you
Buy a TREZOR One . TREZOR is a Bitcoin hardware wallet and launched in August 2014. It was the first Bitcoin hardware wallet, offering secure cold storage plus the ability to spend with the convenience of a hot wallet. TREZOR is a small, key-sized device which connects to your computer with a USB cable. It stores your Bitcoin and cryptocurrency private keys offline and signs transactions. It ... Trezor Company Information. The Trezor Bitcoin wallet is made by a company called Trezor. It was founded in 2012 and is headquartered in Prague, Czech Republic. You can contact Trezor using their online contact form on their website. Trezor Verdict. I am a huge fan of the Trezor hardware Bitcoin wallet and I find it to be a great value for the ... A step-by-step manual . To exchange your funds, please follow the steps below. In this manual, we will exchange bitcoins for litecoins.. 1. Connect to wallet.trezor.io and find the coins you wish to trade . Access the wallet of a coin you wish to sell in the top-left corner of the screen (see also Switching cryptocurrencies).; Select the right account (if you have multiple) Bitcoin-only firmware U2F authentication Encryption via GPG SSH Premium Support ... Full color touchscreen Beginner-friendly Pin entry On your Trezor Passphrase entry On your Trezor Device recovery On your Trezor Password Manager Storage on cloud + soon on microSD card Bitcoin-only firmware Shamir Backup U2F authentication FIDO2 authentication Encryption via GPG SSH On Trezor data & file ... The exchange feature is provided by various third parties; SatoshiLabs bears no responsibility for the process, exchange rates, fees, or functionality. Trezor Wallet will always operate without KYC, as the Wallet or your Trezor device are not custodial. If the exchange providers decide to enforce KYC, registration and verification will be done by them. If you refuse to KYC, the transaction ...
Trezor Wallet now includes Exchange inside of Interface
TREZOR BITCOIN WALLET Installation & overview The most trusted and secure way to store your bitcoins. Protect a variety of alternative digital currencies. Litecoin, DASH and Zcash with a single ... Starting today, you can seamlessly exchange between different cryptocurrencies without ever needing to leave the Trezor Wallet site. The entire exchange proc... If you held Bitcoin on or before the network split on August 1st 2017, you now also have Bitcoin Cash! Use this video learn how to access your Bitcoin Cash on your Trezor wallet, and where to sell ...