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How to buy and trade Ether and ERC-20 tokens using Trezor

How to buy and trade Ether and ERC-20 tokens using Trezor

The Trezor hardware wallets support Ether and all ERC-20 tokens . ERC-20 tokens are tokens built and can be used on top of the Ethereum platform (such as Binance Coin, VeChain, OmiseGo, Golem, etc.).

Receiving and sending Ether or ERC-20 tokens with your Trezor device is at present only possible via third party wallets MyEtherWallet or MyCryptoWallet .

COMMENT: Please note that when using MyEtherWallet or MyCryptoWallet with your Trezor device, your private keys will be stored only on your Trezor device (and not on mentioned platforms). When using your Trezor device with these online platforms, these platforms serve only as interface for executing transactions, but do not actually hold your Ether or ERC-20 tokens. Your Ether and ERC-20 tokens benefit therefore from the same cryptographic protection as do your other cryptocurrency that you store on the Trezor device.

The below step-by-step guides outline how you can use your Trezor device to buy and sell Ether and ERC-20 tokens, together with the following platforms:

MyEtherWallet; and
MyCrypto.

In order to make use of the below step-by-step guide, your first need to have set-up your Trezor wallet, by following the Trezor One set-up guide or the Trezor Model T set-up guide .

  1. Sign in

    Open your web browser and navigate to wallet.trezor.io Connect your Trezor device with your computer and sign in.

  2. Choose the platform

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    Select the relevant type of cryptocurrency, in the top left corner of the Trezor wallet interface. In this example, choose ‘Ethereum.’

  3. Choose the platform

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    Choose a platform: (a) MyEtherWallet or (b) MyCrypto, by clicking on the relevant green button.

    If you choose MyEtherWallet, continue to follow the below steps.

    If you choose MyCrypto, scroll further down and start from the section ‘How to use Trezor with MyCrypto’.

    WARNING: When using MyEtherWallet, do not click on ‘Generate a new wallet’. Your Ether wallets are automatically created on your Trezor device when connecting your Trezor device to the MyEtherWallet platform when following the below step-by-step guide. If you were to click on ‘Generate a new wallet’, a new wallet is created online (as opposed to on the Trezor device) which is therefore not protected by your Trezor.

    In case you would want to learn more about the MyEtherWallet, we recommend reading the knowledge base on their website.

    When choosing MyEtherWallet, you will be redirected to the MyEtherWallet website. As a first step you will need to confirm a number of notifications.

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  4. Select ‘ETH (myetherwallet.com)’

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    Select ‘ETH (myetherwallet.com)’ in the top right corner of the screen.

  5. Select TREZOR

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    Select the option ‘TREZOR’ on the left side of the screen, under ‘How would you like to access your wallet?’. Click on the blue button ‘Connect to TREZOR’.

  6. Read public key & Export

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    TREZOR Connect will ask you to give permission to MyEthetWallet to read the public keys from your Trezor device. Click on the blue button ‘Allow once for this session’ or ‘Always allow for this service’ in case you have toggled the option ‘Don’t ask me again’.

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    Click on the green button ‘Export’.

  7. Insert PIN

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    Insert the PIN of your Trezor device.

  8. HD path derivations

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    Select m / 44 '/ 60' / 0 '/ 0 in the top left of the screen under ‘Select HD derivation path’.

  9. Select an address

    On the bottom of the screen all created addresses and their balances are displayed. Any Ether or ERC-20 tokens that are sent to these addresses are protected by your Trezor hardware wallet.

    Select an address and click on the blue button ‘Unlock your Wallet’ in order to access your wallet and execute transactions.

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    ou are now able to send and receive Ether or ERC-20 tokens using the address you have selected.

    If your balance is 0, you will of course need to first receive some Ether or ERC-20 tokens on that particular address.

    In order to see your ERC-20 tokens on that address, click on the orange button ‘Show All Tokens’ and select the relevant ERC-20 tokens (click on ‘Click to Load’).

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Execute a transaction

In the section ‘Send Ether & Tokens’, you can create transactions by following the below steps.

  1. Generate a transaction

    • ‘To Address’;
    • ‘Amount to Send’;
    • le type de cryptomonnaies que vous souhaitez envoyer.
    • 'Gas Limit' (rempli automatiquement).

    Click on ’Generate Transaction’.

    COMMENT: In order to be able to send ERC-20 tokens, you need to have some Ether in your wallet to pay for transaction fees (Gas). Anytime you execute a transaction on the Ethereum platform (i.e. every time you execute a transaction using an ERC-20 token) you will need to pay a transaction fee, called ‘Gas’, payed in Ether.

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  2. Confirm the transaction

    Trezor Connect will ask you to confirm the transaction on your Trezor device. Make sure the transaction details are correct and then confirm the transaction on your Trezor device.

  3. Send transaction

    Once you have confirmed the transaction on your Trezor device, you will still need to confirm the transaction in the MyEtherWallet interface by clicking on ‘Send Transaction’. Once you click on ‘Send Transaction’, the transaction is executed.

How to use Trezor with MyCrypto

  1. MyCrypto

    If you choose MyCrypto click on the green button ‘Go to MyCrypto’

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  2. Confirm notifications

    Sélectionnez ensuite l'option permettant à TREZOR d'accéder à votre portefeuille numérique.


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  3. Select option TREZOR

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    Click on the Option TREZOR.

  4. Connect to Trezor

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    Click on the blue button ‘Connect to TREZOR’.

  5. Export

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    Click on the button ‘Export’ and enter the PIN of your Trezor device.

  6. Select

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    Select TREZOR (ETH) m / 44 '/ 60' / 0 '/ 0 for using Ethereum with your TREZOR.

    The Ethereum addresses created by your Trezor and their balances are displayed. All Ether and ERC-20 tokens sent to these addresses are protected by your Trezor.

    Select an address and click on the blue button ‘Unlock’ to unlock the wallet and execute transactions.
    You are now able to send and receive Ether or ERC-20 tokens using the address you have selected.

    If your balance is 0, you will of course need to first receive some Ether or ERC-20 tokens on that particular address.

    In order to see your ERC-20 tokens on that address, click on the blue button ‘Scan For Tokens’ in the bottom right corner and select the relevant ERC-20 tokens (click on ‘Click to Load’).

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  7. Send

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    If your balance is 0, you will of course need to first receive some Ether or ERC-20 tokens on that particular address.

    In order to see your ERC-20 tokens on that address, click on the blue button ‘Scan For Tokens’ in the bottom right corner and select the relevant ERC-20 tokens (click on ‘Click to Load’).

Execute a transaction

In the section ‘Send Ether & Tokens’, you can create transactions by following the below steps.

  1. Generate a transaction

    Enter the transaction details:

    • ‘To Address’
    • ‘Amount’
    • type of cryptocurrency
    • 'Transaction Fee’

    Click on ’Generate Transaction’.

    COMMENT: In order to be able to send ERC-20 tokens, you need to have some Ether in your wallet to pay for transaction fees (Gas). Anytime you execute a transaction on the Ethereum platform (i.e. every time you execute a transaction using an ERC-20 token) you will need to pay a transaction fee, called ‘Gas’, payed in Ether.

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  2. Confirm the transaction

    Trezor Connect vous demande ensuite de confirmer la transaction sur votre appareil TREZOR. (Votre TREZOR a déjà été déverrouillé lors de la phase précédente.) Confirmez la transaction sur votre appareil TREZOR.

  3. Send the transaction

    Once you have confirmed the transaction on your Trezor device, you will still need to confirm the transaction in the MyCrypto wallet interface by clicking on ‘Send Transaction’. Once you click on ‘Send Transaction’, the transaction is executed.

    Congratulations. You have successfully completed a transaction.

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