Users of the favored {hardware} pockets Trezor can now purchase and promote bitcoin with no id verification procedures immediately from their gadgets, thanks to a brand new integration with peer-to-peer buying and selling platform Hodl Hodl.
Hodl Hodl leverages multisig, a kind of Bitcoin tackle that shares the management of funds with totally different customers. More particularly, multisig works by requiring a number of signatures to approve the motion of funds.
In Hodl Hodl’s context, multisig ensures the platform doesn’t want to take custody of customers’ funds, enabling a real peer-to-peer transaction between consumers and sellers. The purchaser, the vendor and the platform every maintain one key, and two signatures are wanted to transfer funds. Usually, meaning solely purchaser and vendor want to signal the Bitcoin transaction after the BTC is paid for, nonetheless, Hodl Hodl’s key can act as an arbiter within the occasion of a dispute.
“Being able to exchange your Bitcoin within the Trezor Suite application right from your hardware wallet is like finding a missing piece of the puzzle,” Max Kei, CEO of Hodl Hodl, mentioned in a press release. “Being a non-custodial platform implies leaving the secure storage of the funds to our users, which, unfortunately, is not always handled perfectly. We highly encourage everyone to be more aware of how you store your funds and the means you use to exchange those.”
Trezor customers shopping for bitcoin from Hodl Hodl will see their newly-acquired BTC land immediately into their {hardware} pockets. The integration is accessible by way of Trezor’s companion software, Trezor Suite, and its alternate comparability device, Invity.
“When consumers buy bitcoin on an exchange, they expose themselves to a level of risk and forfeit privacy,” mentioned Matěj Žák, chief product officer at Trezor. “Integrating with Hodl Hodl gives our users more choice and control around where they feel comfortable in terms of this value-exchange.”
