Trezor enables non-KYC trading with HodlHodl

dkbit98

legendary

Activity: 2212

Merit: 7064

Quote from: OROBTC on November 10, 2022, 03:00:29 PM

I have not had a chance to look into this, but just crossed the wires. Could be a very useful service.

https://bitcoinmagazine.com/business/trezor-enables-p2p-bitcoin-trading-hodl-hodl

I saw this news few weeks ago and I think it's great to have partnership with p2p platforms like HodlHodl, but if I understand correctly you can only use this feature to buy Bitcoin.
You can't sell Bitcoin for fiat currencies this way and I think they should somehow add this option and make full integration if possible.
This is still better than using only centralized exchange partnership like competition is doing, and it's clear that Trezor direction path is better.

witcher_sense

legendary

Activity: 2450

Merit: 4415

🔐BitcoinMessage.Tools🔑

Quote from: OROBTC on November 10, 2022, 03:00:29 PM

...

I have not had a chance to look into this, but just crossed the wires. Could be a very useful service.

https://bitcoinmagazine.com/business/trezor-enables-p2p-bitcoin-trading-hodl-hodl

Integrations with P2P exchanges aren't a new thing anymore, for example, a well-known bitcoin wallet called Bluewallet did it almost two years ago: https://hodlhodl.medium.com/hodl-hodl-integrates-with-bluewallet-8c8c64287b44 This feature is called "Local Trader" and it enables you to top up your bitcoin wallet without providing personal information to undesirable third-parties which otherwise may sell it without your consent or knowledge. As for Trezor, I think they are integrating with HodlHodl to get more people into using Trezor Suite, which is understandable. However, in my opinion, spending directly from a hardware wallet (cold storage) may unintentionally compromise your privacy, especially in cases where KYCed and non-KYCed coins are being mixed upon sending to a P2P exchange. Your counterparty may peer into the history of your transactions and figure out your real identity, so it is still optimal to CoinJoin UTXOs before spending. The situation may change when Trezor adds mixing into their Suite: it will enable your transaction to go through a full mixing cycle before entering a P2P trade.

OROBTC

legendary

Activity: 2940

Merit: 1865

...

I have not had a chance to look into this, but just crossed the wires. Could be a very useful service.

https://bitcoinmagazine.com/business/trezor-enables-p2p-bitcoin-trading-hodl-hodl

Topic: Trezor enables non-KYC trading with HodlHodl (Read 22 times)