How to Use Trezor’s Spend Feature

How to Use Trezor’s Spend Feature

In order to combat the recurring functionality issue with crypto assets, Trezor have launched a “Spend” feature on their wallet, but how does it work?

Of course, by now, very few people are under the illusion that bitcoin and other crypto-assets are a fad. They have more than secured their place in the global financial landscape by proving they can continuously grow and maintain value at a rate that is unmatched by traditional assets available to buy and trade.

The main issue that has continuously plagued the concept of crypto assets is that of usability. There are still very few locations in the world, online and off, that offer support for crypto-asset payments for day-to-day goods and services. As such, the continuous issue is bridging the game between investment opportunity and functional payment method.

There has been the addition of crypto credit cards to help enable real-world payments, but when it comes to an actual wallet that can be used to assist these payments the market was fairly sparse. This has since changed with the launch of Trezor’s new Spend feature which will allow users to begin making it easier to “buy everything with bitcoin” in a way that is easier than it ever was before.

The way this new Spend feature works is that via the feature in the Trezor Wallet, you will be able to purchase a redeemable gift card. This redeemable gift card, which is powered by Bitrefill, can then be used to buy goods and services from thousands all providers across the world. As such, the gap between crypto and real-world transactions is much smaller than ever before.

To get started requires next to no effort on your part with all purchases taking just a couple of minutes. There is no need to register or a KYC and all you need is an email address to receive your coupon/gift code and there is no need for identification to process transaction. This means that Trezor does not share any sensitive data with the providers.

Once you are set up, you will get gift cards that can be used at thousands of shops and services. There is a whole catalogue of providers, that include big-name industry leaders such as Amazon, Steam, Walmart and Airbnb, and loads more. Furthermore, you do not have have to worry about any hidden fees or crazy exchange rates either.

If you are looking to get started, you just need to navigate to the “sell” tab of your wallet, then follow these simple steps:

  1. Visit wallet.trezor.io and connect your Trezor device.
  2. Select an account with a positive balance.
  3. Click on “Sell” in the upper part of the interface.
  4. Click on “Buy voucher for crypto”.

Then you just enter your email, set the amount and confirm the transaction. You will then receive the voucher directly to your email. You then have the freedom to find your desired product and redeem it at their cashier section. It is a simple as that.

Thanks to this service you can now start living from your bitcoin and make full use of the tokens you own. Go to Trezor to get started.

Ready to join our tribe?

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

Recently Similar News

Latest Guides

Latest News

Bitcoin,CoinMarketCap,Ethereum

Cryptocurrency Market Cap Jumps Past $2 Trillion

Cryptocurrencies continue to make headline news around the world as the total market cap surpassed $2 trillion on Monday. Supported by increased interest from institutional investors, celebrities, and retail investors, digital coins are now worth more than Apple Inc. Bitcoin has, once again, played a major role in the sector’s market cap. The world’s first […]

6 April, 2021
Digital Currency,Ethereum,Stablecoin

VISA Set To Support Cryptocurrency Settlements

The global payments corporation, VISA, announced on Monday that it is making preparations to allow USD Coin (USDC) to settle transactions within its network. This move is being viewed by industry analysts as yet another clear sign that cryptocurrencies are being accepted by major institutions within the traditional financial industry. USDC was selected by VISA […]

30 March, 2021
Casino,Ethereum,Gambling

CasinoFair Temporarily Shuts Down Amid Network Congestion

The popular cryptocurrency casino, CasinoFair, has announced in a recent blog post that it will be temporarily stopping its gaming services. Citing unsustainable congestion on the Ethereum network as the main reason for this pause, the casino reassured its players that it is “actively researching solutions and hope to be back with a new range […]

26 March, 2021
Bitcoin,Coinbase,CoinMarketCap

Significant Bitcoin Drops As Coinbase Announces IPO

The cryptocurrency market is back in turmoil following yet another volatile week where Bitcoin almost reached a record-breaking value of $60,000. Bitcoin drops are nothing new, but the recent 25% decrease has caused panic amongst even traders with an experience of major currency fluctuations. The latest drop comes as Coinbase, one of the world’s largest […]

1 March, 2021
Cybercrime,Scam,Trezor

Trezor Warns Users About Fake Mobile App

Trezor is warning users of a malicious mobile application featured on Google Play which appears to be associated with the wallet provider. At least 1,000 users have already downloaded this software, and it is likely that some have unwittingly provided their seed phrase to unlock their funds. Both Trezor and SatoshiLabs have confirmed the existence […]

26 January, 2021
Bitcoin,eToro,Trading

eToro Temporarily Raises Minimum Deposit To $1,000

For the past few weeks, the increase in Bitcoin’s price has led to a massive interest in cryptocurrency trading. eToro has been overwhelmed by new registrations and has decided to temporarily raise the minimum deposit from $200 to $1,000. Although 2021 has barely gotten started, it promises to be an exciting time to invest in […]

11 January, 2021
Bitcoin,Investment,Trading

Global Cryptocurrency Market Value Surpasses $1 Trillion

Thursday has proven to be a monumental day for cryptocurrencies as the world’s combined value tops the $1 Trillion mark. Energised by a substantial rise in the value of Bitcoin in recent months, the volatile crypto market has reached a once-unreachable value. Following the latest Bitcoin Halving in May 2020, the world’s largest digital token […]

10 January, 2021
Sponsored

Victory over virus: SiGMA Virtual Expo hosts 100+ exhibitors

SiGMA Europe and AIBC Virtual Expos launch with record breaking attendance, providing a cure to the industry’s events sector In the light of this year’s changes in our everyday lives, SiGMA was close to having to stop doing what it does best; creating networks for people through the company’s iconic physical events, but luckily, the […]

26 November, 2020