User manual:Trade

From Trezor Wiki
Jump to: navigation, search

Buy, Sell, and Trade You can buy, sell, exchange, and spend cryptocurrencies directly within the Trezor Suite. These services are provided by Invity, a trusted member of the SatoshiLabs Group, the parent company of Trezor.

Invity compiles numerous carefully vetted noncustodial transaction providers into a single comparison interface so you can compare exchange rates and payment methods before choosing the deal that suits you best.

All transactions are performed using your Trezor device, reducing the risk of errors and ensuring the coins you receive are exclusively in your custody.

Buy, exchange, sell, and spend features can be accessed by visiting Accounts then selecting the Trade tab. For more specific instructions for each of these features, read below or visit the page dedicated to that feature.


Buy (Fiat to Crypto)[edit]

Follow these steps to buy cryptocurrency through Invity and have it sent directly to an address secured by your device.

  1. Open Trezor Suite.
  2. Select the Accounts tab
  3. Select the cryptocurrency you would like to buy from the My accounts sidebar menu. If you don't see the cryptocurrency you want, you may have to add it by selecting the green +.
  4. Select Trade
  5. Click on Buy.
  6. Use the Offers for dropdown menu to select the country you would like to source offers from.
  7. Select the fiat currency you would like to spend in the left dropdown menu.
  8. Enter either the amount of fiat you want to spend or the amount of cryptocurrency you want to buy.
  9. Select Compare offers.The results page will automatically display a list of offers that meet your specifications. Each offer includes the amount of crypto you will end up with (if you input a fiat amount) or the amount of fiat you will pay (if you input a crypto amount) with all fees included. Each offer also displays the provider performing the transaction and the payment method of the transaction.
  10. Find the offer that suits you best and select Get this deal.
  11. Read the security tips and conditions, check the box to agree, and select Confirm. A summary of the trade will appear along with an automatically generated new receiving address. #Select Confirm on Trezor, double check the address on your device, and select on your device.
  12. Select Finish transaction.

You'll now be directed to a secure gateway maintained by the transaction partner you have chosen. Follow their directions, including any KYC steps that may be necessary, to complete your transaction. Once finished, you will be returned to Trezor Suite and your cryptocurrency will be sent directly to the address you confirmed on your device shortly. See also Buy Cryptocurrency with Invity in Trezor Suite

Sell (Crypto to Fiat)[edit]

Follow these steps to sell cryptocurrency through Invity and have fiat sent directly to your bank account.

  1. Open Trezor Suite.
  2. Select the Accounts tab
  3. Select the cryptocurrency you would like to buy from the My accounts sidebar menu. If you don't see the cryptocurrency you want, you may have to add it by selecting the green +.
  4. Select Trade
  5. Click on Sell.
  6. Use the Offers for dropdown menu to select the country you would like to source offers from.
  7. Select the fiat currency you would like to receive from the right dropdown menu.
  8. Enter either the amount of crypto you want to sell or the amount of fiat you want to receive.
  9. Select Compare offers. The results page will automatically display a list of offers that meet your specifications. Each offer includes the amount of fiat you will receive (if you input a crypto amount) or the amount of crypto you will pay (if you input a fiat amount) with all fees included. Each offer also displays the provider performing the transaction and the payment method of the transaction.
  10. Find the offer that suits you best and select Get this deal.
  11. Read the security tips and conditions, check the box to agree, and select Confirm. You'll be directed to a secure gateway maintained by the transaction partner you have chosen.
  12. Follow the directions provided by the exchange, including any KYC or bank account verification steps that may be necessary, to complete your transaction. Once finished, you will be returned to Trezor Suite and your fiat will shortly be sent directly to the bank account you verified.

See also Sell Cryptocurrency with Invity in Trezor Suite

Exchange (Crypto to Crypto)[edit]

Follow these steps to exchange cryptocurrency through Invity and have it sent directly to an address secured by your device.

  1. Open Trezor Suite.
  2. Select the Accounts tab
  3. Select the cryptocurrency you would like to buy from the My accounts sidebar menu. If you don't see the cryptocurrency you want, you may have to add it by selecting the green +.
  4. Select Trade
  5. Click on Exchange.
  6. Select the cryptocurrency you want to receive from the right dropdown menu.
  7. Enter either the amount of crypto you want to exchange or enter the amount of fiat you want to exchange, though you must have at least the equivalent of that amount in the cryptocurrency you want to exchange.
  8. Select Compare offers. The results page will automatically display a list of offers that meet your specifications. Each offer includes the amount of crypto you will end up with, all fees included. Each offer also displays the provider performing the transaction and the KYC requirements that may apply.
  9. Find the offer that suits you best and select Get this deal.
  10. Read the security tips and conditions, check the box to agree, and select Confirm. A summary of the trade will appear along with an automatically generated new receiving address.
  11. Select Confirm on Trezor, double check the address on your device, and select on your device.
  12. Select Continue transaction. You'll be shown the account you're sending your crypto from and the provider address where you'll be sending your coins.
  13. Select Confirm on Trezor, double check the address on your device, and select on your device. Once finished, your cryptocurrency will shortly be sent directly to the address you confirmed on your device.

See also [[Suite_manual:Exchange|Exchange Cryptocurrency with Invity in Trezor Suite}}

Spend (Crypto to Gift Card)[edit]

You can spend your cryptocurrency directly on gift cards to redeem at particular merchants through Bitrefill.

See also Spend Cryptocurrency with Invity in Trezor Suite

Provider Details: Coverage areas, KYC, and Fees[edit]

Invity forms partnerships only with transaction providers that are fully legally compliant in the jurisdictions they operate in. For this reason, not all providers may be available to users in all parts of the world.

You can find the current list of unsupported jurisdictions here.

Similarly, not all partners are able to accept all fiat currencies for buy transactions; you can find the current list of fiat currencies accepted by Invity's providers here.

Some providers may require you to provide KYC (know your customer) information to complete your transaction. KYC processes, if required, are conducted solely and directly with the provider you select; neither Trezor nor Invity will ever ask you for identifying information. Processing fees also vary from provider to provider. You can find a full schedule of fees here.

Like Trezor? Get one here!