Suite manual:Receiving payments

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Trezor Wiki/User/Suite manual/ Receiving payments

This article contains information about how to use Trezor Suite to receive payments. This page is for Trezor One (show for Trezor Model T).

Once you have initialized your Trezor, Trezor Suite is ready to be used. Go to the Accounts tab at the top of the screen. You should see an empty Bitcoin account as shown in the screenshot. By clicking on Account #1, you will see an empty Transactions tab.

Getting to know Trezor Wallet account.png

Select the cryptocurrency that you would like to receive in the left sidebar. Trezor Suite supports Bitcoin, Litecoin, Ethereum, Ethereum Classic, Ripple, Dash, Zcash, DigiByte, Namecoin, Dogecoin, Vertcoin, Bitcoin Cash and Bitcoin Gold. ERC20 tokens can be received using an Ethereum account. A number of other cryptocurrencies can also be accessed using third-party wallets. For a full list of supported cryptocurrencies, click here.

WarningDo not send or receive transactions to addresses generated for a different cryptocurrency, e.g., bitcoin cash to a Bitcoin address.

Click Receive then Show full address to reveal your first receiving address.

Confirm on Trezor[edit]

You will be asked to check and confirm the address on your Trezor. Carefully compare the address shown in Suite with the one shown on your Trezor device. If they are different, your computer may be infected by malware. The address shown on your Trezor device screen will always be one belonging to you.

You can always re-check and re-confirm the address on your Trezor device by clicking on the eye icon next to the address in Trezor Wallet.

Display the address as a QR code[edit]

To display the address in the form of a QR code, click on QR code on your Trezor device before confirming the address. The QR code will then be displayed both on your Trezor device and in Trezor Suite.

NoteTo receive a transaction on addresses generated by the Trezor device, the device itself does not need to be powered-on or connected. Once you generate a receiving address, you can write it down or print it, and later use it to receive transactions at any time. Using the device is later required only to spend any currency received to the address.

Generating multiple addresses[edit]

You can use the Show full address button repeatedly to generate multiple receiving addresses. This can help you keep track of your payments as well as maintaining a higher level of privacy. For additional privacy, read also Using multiple accounts.

NoteIt is possible to repeatedly reuse any single receiving addresses generated in your account. However, this practice is not recommended as it links payment data to one individual.

Transaction confirmation[edit]

Now you can provide your newly generated address to receive funds. When someone makes a payment to you, you will see it in your transaction panel. At first, it will appear as unconfirmed. After the transaction gets its first confirmation in the network, you will see the "unconfirmed" text replaced by the time of the confirmation. You can always double-check the status of your transaction in a blockchain explorer by clicking on the confirmation time.

You can send your newly received funds even before the first confirmation. However, we strongly recommend waiting until the transaction has confirmed multiple times (three to six confirmations is considered safe for Bitcoin transactions). Confirmation times vary based on the transaction fee used and the state of the network.

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