Crypto Betting

Trezor Promo Codes & Offers

Trezor is one of the most popular hardware wallets in the industry and an excellent choice for anyone who wants to manage and keep their cryptocurrencies safe. 

With a long history of keeping their customers' assets safe and various other functionalities, which include being able to store, send, and receive crypto, Trezor should also be on the radar of all crypto bettors who are looking for a secure and reliable hardware crypto wallet.

But can Trezor offer everything a crypto bettor would need, and is it a good choice for betting enthusiasts?

How to Set Up a Trezor Wallet

The crypto world is filled with uncertainty, and it does not help that keeping your assets on any exchange does not make you the owner of your cryptocurrency and, in some cases, puts you at risk of losing it all to hackers.

That is why most crypto enthusiasts swear by hardware wallets, where you're the rightful owner of your assets. But more importantly, keeping your assets in a cold wallet is the most secure way to store your crypto – and it does not get much safer than a Trezor wallet.

The best part – it does not take long to set up.

To set up your Trezor wallet, you must purchase the hardware wallet and have access to a computer with an internet connection, a USB cable, and roughly 10 minutes of your time.

  1. Acquire one of Trezor wallets
  2. Visit the official Trezor website and download the Trezor Suite desktop app (alternatively, use Trezor Suite for web)
  3. Open Trezor Suite and connect your device
  4. Complete the security check
  5. Click on "Set up my Trezor"
  6. Install the latest firmware
  7. Click on "Create wallet"
  8. Complete the standard seed backup recovery process
  9. Write down the security phrase
  10. Set up PIN
  11. Under "Activate Coins", pick which cryptocurrencies you want to store in the wallet
  12. Complete the setup

The whole process usually takes around 10 minutes to complete, especially if you want to enhance the security with a passphrase feature. This will allow you to create unique hidden passphrase wallets.

How to Use Trezor for Crypto Betting

Like any hardware wallet, Trezor is a solid choice for online crypto betting. As an anon-custodial wallet, Trezor has no limitations on where you can send your assets or receive payments from – whether it is friends, family, or crypto betting sites.

Since Trezor is a hardware wallet, you can't send crypto directly from it. Instead, you have to open the Trezor Suite app, where you can manage your assets.

To make a deposit on any crypto bookmaker, follow these steps.

  1. Login to the crypto betting site
  2. Click "Deposit"
  3. Pick the crypto you want to deposit and copy the address
  4. Open Trezor Suite app
  5. Click on the cryptocurrency you want to send and select "Send"
  6. Paste the address and input the amount
  7. Select the transaction fee – higher speed will result in higher fees
  8. Confirm the transaction

It is also possible to request withdrawals from crypto bookmakers into your Trezor Wallet.

  1. Login to the crypto betting site
  2. Click "Withdraw"
  3. Pick the crypto you want to withdraw
  4. Open Trezor Suite and pick the wallet of the cryptocurrency you will withdraw
  5. Copy the address
  6. Paste the wallet address to the withdraw tab on the crypto bookmaker
  7. Finalise the transaction

Transaction will include fees, varying depending on the network congestion and the cryptocurrency choosen. 

Buy & Sell Crypto at Trezor

The Trezor Suite app comes with many added features that make managing your assets easier and simpler. Besides securely storing your crypto, the app also allows you to send, receive, exchange, and buy and sell cryptocurrencies.

To use the buy option in Trezor Suite, first connect your device and unlock it. Once that is done, choose the account you want to trade with and click on the "Trade" button in the top right corner.

In the trade menu, click on "Buy". Here, you can convert your local fiat currency into digital assets by buying crypto through one of many available providers. Those include Simplex, Mercuryo, Paybis, and many more. 

In the final step, pick the preferred payment method (debit and credit cards, bank transfer or any local payment option, such as Sofort and iDeal).

  1. Open Trezor Suite app
  2. Connect and unlock your device
  3. Pick the cryptocurrency you want to buy
  4. Click on the "Trade" button
  5. Click on "Buy"
  6. Pick between the available providers
  7. Decide on which payment method you want to use
  8. After finishing the transaction, you will be redirected to the exchange's website to complete the payment
  9. Complete the purchase

Selling your digital assets through the Trezor Suite app is just as straightforward, and you can do it through one of a dozen providers.

  1. Open Trezor Suite app
  2. Connect and unlock your device
  3. Pick the cryptocurrency you want to sell
  4. Click on the "Trade" button
  5. Select "Sell"
  6. Enter how much cryptocurrency you want to sell
  7. Set a fee according to how quickly you want the transaction to be processed
  8. Choose the region you wish to see offers for
  9. Pick the best provider and continue with the transaction
  10. When requested, provide AML/KYC documents and complete the purchase

While Trezor does not sell or buy cryptocurrency, it supports over 12 different exchanges through which users can buy and sell their assets quickly and securely.

FAQ

Can you use Trezor Wallet for betting?

Yes, the Trezor wallet can be used for crypto betting and gambling. It will not restrict users from sending their assets to online crypto betting sites nor receive withdrawals, which makes it a perfect crypto wallet for bettors.

Can you buy and sell crypto at Trezor Wallet?

While Trezor does not buy or sell cryptocurrencies, users can easily buy and sell assets through the Trezor Suite app. There, you will find over 12 exchanges where you can buy and sell any cryptocurrency quickly and securely.

Is Trezor Wallet safe?

Trezor is one of the safest crypto wallets available. Since its launch in 2014, Trezor devices have not once been hacked remotely, and with the added security features it includes, Trezor has made a name for itself as one of the most respected and secure companies in the crypto world.