Making payments and sending crypto in the Trezor Suite App (2024)

TABLE OF CONTENTS
  • Making payments in Trezor Suite
  • Enter the destination address and the amount
  • Setting transaction fees
  • Labeling
  • Confirm the transaction on your Trezor device
  • Transaction confirmation
  • Send Raw


Trezor Suite currently supports: Bitcoin, Ethereum, Cardano (Model T, Trezor Safe 3), Litecoin, ZCash, Ethereum Classic, Dash,Dogecoin, Ripple (Model T, Trezor Safe 3), DigiByte, Vertcoin, Namecoin, Bitcoin Cash, Bitcoin Gold, Solana(Model T, Trezor Safe 3) and Polygon PoS.


ERC20 tokens can be sent from an Ethereum account. Many other cryptocurrencies can be accessed using third-party wallets. For the full list of supported cryptocurrencies, click here.

Remember to only send and receive funds between accounts of the same cryptocurrency. Mixing accounts of different cryptocurrencies is very likely to end with a loss of funds.

Making payments in Trezor Suite

  • Plug in your Trezor device and go to the Accountspage in Trezor Suite.
  • Select the account for the cryptocurrency that you would like to send using the My accountsside-bar menu:

Making payments and sending crypto in the Trezor Suite App (1)

  • Click 'Send' in the account menu bar:

Making payments and sending crypto in the Trezor Suite App (2)

  • This reveals the Sendtransaction menu:

Making payments and sending crypto in the Trezor Suite App (3)

Enter the destination address and the amount

You can type in the destination address for your transaction. You can also scan it in the form of a QR code (if available) by pressing the 'Scan' button, which is displayed when you hover over the address input field.

In order to scan a QR code, you must allow Trezor Suite access to your camera. You can then hold the QR code in front of the camera to scan it.

Enter the amount you want to send (in the selected cryptocurrency or the equivalent value of a fiat currency of your choice). Please remember that the fiat currency exchange rates are estimates based on the current exchange rate provided by CoinGecko. You can also click the 'Send Max' button to send all funds from that particular account. Alternatively, you can click the 'Coin control' button to make a manual coin (or more specifically UTXO) selection for the outgoing transaction; you can learn more about this in feature in our coin control article and in the following video:


By pressing the '+ Add recipient button', you can send funds to more addresses in one transaction. You can also add addresses by clicking on the 'Import' button from the drop-down menu. Sending funds to multiple addresses at the same time is convenient and saves you money in transaction fees.


Setting transaction fees

There are four different levels of priority (high, normal, economy, low). Please note that the fees are used to fund the running of the network and are not charged by SatoshiLabs. Custom fees can also be set.


Labeling

In Trezor Suite you can enable Labeling via the Application settings menu. Currently, you can store labels using Google Drive or your Dropbox account, or save them locally to your computer.


Confirm the transaction on your Trezor device

Once you press send, you will be asked to confirm your transaction. Check the amount of the transaction and the destination address. If the amount and address are correct, press 'Confirm'.

If the amount and address displayed on your Trezor screen are not the same as those on your computer screen, your computer might be infected with malware and you should abort the transaction.

Don't worry, your funds are still safe in your Trezor- but we strongly advise contacting our support before trying again.

  • Once you have confirmed the destination address(es) and amount(s) of your transaction, your Trezor device will display the total amount of the transaction along with the transaction fee.
  • Again, check them and use the device to confirm the transaction details.


Transaction confirmation

In Trezor Suite, you can check your transaction history in the Overview tab.

  • You can search for a particular transaction ID, label or amount using the magnifying glass search tool
  • You can also export your transactions history in CSV, PDF, or JSON format using the drop-down menu:

Making payments and sending crypto in the Trezor Suite App (4)

At first, a transaction will appear as unconfirmed. After the transaction gets its first confirmation in the network, you will see the time of the confirmation next to the transaction. You can always double-check the status of your transaction in a blockchain explorer by clicking on the confirmation time.

We strongly recommend waiting until the transaction has confirmed multiple times (three to six confirmations is considered safe for a Bitcoin transaction) before considering it complete. Confirmation times vary based on the transaction fee and the state of the network.

Send Raw

Sending a Raw transaction simply means broadcasting a transaction that has already been created and signed. This can be used with any transaction data that has been generated and signed but not Broadcast, including Locktime and OP_Return transactions.

Create signed transaction data in the same way as Sending a normal transaction but with Broadcast off. Copy the signed data to a different machine and paste it through the Send RAW dropdown menu for privacy.

Making payments and sending crypto in the Trezor Suite App (2024)

FAQs

Making payments and sending crypto in the Trezor Suite App? ›

Trezor Shop supports Google Pay, Apple Pay, debit/credit card, Bitcoin and selected cryptocurrencies for order payment. If paying with cryptocurrency, it's not recommended to pay directly from an exchange. This can result in an underpayment, causing the order to fail.

How do I send a payment through crypto? ›

How to make a P2P crypto payment
  1. Step 1: Open your wallet. ...
  2. Step 2: Input a wallet address or scan a QR code if in person (note: be certain to double and triple check that the address is correct. ...
  3. Step 3: Enter the amount of the transaction and the specific cryptocurrency being used.
  4. Step 4: Confirm all transaction details.
Jul 5, 2024

What payment methods does Trezor wallet accept? ›

Trezor Shop supports Google Pay, Apple Pay, debit/credit card, Bitcoin and selected cryptocurrencies for order payment. If paying with cryptocurrency, it's not recommended to pay directly from an exchange. This can result in an underpayment, causing the order to fail.

How to use Trezor on phone? ›

Trezor on Android

Connect your Trezor device to your Android phone using a USB cable. Open Google Chrome on your Android phone and navigate to https://suite.trezor.io/web/. If you do not see your Trezor click on Find Trezor. Follow the on-screen instructions to unlock your Trezor device.

Does Trezor have transaction fees? ›

Trezor Suite allows you to determine the size of the fee to send with a transaction: low, normal or high. It is also possible to set a custom fee. In the Send tab, simply select the fee from the available options (low/normal/high) or specify your own custom fee.

How do I send crypto to someone else? ›

How To Send Bitcoin in 3 Simple Steps
  1. Retrieve and Enter the Recipient's Bitcoin Address. To send BTC you'll need to have a bitcoin wallet address to send it to. ...
  2. Enter the Amount of Bitcoin To Transfer. Sending Bitcoin also requires you to specify the amount of BTC that you wish to send. ...
  3. Confirm and Send Your Bitcoin.
Feb 9, 2024

How do I make a crypto payment system? ›

The Process to Develop a Crypto Payment Gateway
  1. Planning and Research. ...
  2. Blockchain Technology Selection. ...
  3. Security Infrastructure. ...
  4. API Integration. ...
  5. User Interface Design and Merchant Onboarding. ...
  6. Testing, Launch, and Maintenance.
Jun 12, 2024

Can you send bitcoin with Trezor? ›

Trezor Suite currently supports: Bitcoin, Ethereum, Cardano (Model T, Trezor Safe 3), Litecoin, ZCash, Ethereum Classic, Dash, Dogecoin, Ripple (Model T, Trezor Safe 3), DigiByte, Vertcoin, Namecoin, Bitcoin Cash, Bitcoin Gold, Solana (Model T, Trezor Safe 3) and Polygon PoS.

Does Trezor wallet report to IRS? ›

Does Trezor automatically deduct taxes? No, as of 2024, Trezor does not automatically deduct taxes from crypto trades. However, Trezor might still report your crypto transactions to your country's tax authority, like the IRS or HMRC.

Does your Trezor need to be plugged in to receive bitcoin? ›

To receive a transaction on addresses generated by the Trezor device, the device itself does not need to be powered-on or connected.

Does Trezor Suite have a mobile app? ›

The Trezor Suite Lite mobile app is designed to work seamlessly on devices running iOS 15 and higher, as well as Android 12 and higher.

Can someone hack Trezor? ›

It might be possible for a malicious third party to steal your Trezor and replace it with a fake one. If embedded with a wireless transmitter, the fake device could transmit any PIN it received. The attacker would then have full access to your funds.

What are the disadvantages of Trezor? ›

What are the disadvantages of Trezor? Some users have criticized Trezor for being slow to add new cryptocurrencies and requiring third-party integrations for staking and NFT management.

Why is Trezor so expensive? ›

To avoid sacrificing product quality or risking customer security with chips bought from untrusted vendors, the price of both hardware wallet models will need to be increased yet again. From today, the cost of Trezor hardware wallets will be increasing to ensure their continued availability for as long as possible.

What is the Trezor bump fee? ›

Replace-by-fee (RBF) is a feature that allows users to replace one version of an unconfirmed transaction with a different version of the transaction that pays a higher transaction fee (i.e., bump the transaction fee). This can be done multiple times while the transaction is unconfirmed.

How can someone send me money through crypto? ›

To send crypto, you'll need the recipient's wallet address. A wallet address is a long string of characters, similar to a bank account number, that identifies where the crypto should go. Since crypto wallet addresses are long, they're often shown as a QR code that you can scan in your crypto app.

How does someone pay you in crypto? ›

To receive crypto payments, you need a digital wallet. Provide your wallet's public address to the payer, who will then transfer the cryptocurrency to your wallet.

How do I transfer money from crypto? ›

Cash out your funds
  1. Sign into Coinbase.com.
  2. Select My Assets.
  3. Select your cash balance.
  4. Select Cash out and enter the amount.
  5. Select Transfer to and choose the destination.
  6. Select Review.
  7. Select Withdraw cash.

Is crypto a good way to send money? ›

There's no identification verification, credit check, or background to open a cryptocurrency wallet. It is way faster and easier compared to old financial institutions. It also allows individuals to make internet transactions or send funds to someone effortlessly.

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