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Using Exodus, Shapeshift & Trezor Suite. (Alternative Software for your Hardware Wallet)
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- Опубліковано 4 сер 2024
- Keep all your crypto safe & upgrade to a Trezor T is also a great value wallet shop.trezor.io/product/trezor...
This video is a really quick look at how you can use your Trezor (or any hardware wallet really, like a Ledger or Keepkey) with alternative wallet software. This video quickly looks at how to connect your hardware wallet with Trezor Suite, Exodus, Shapeshift and the current Trezor web wallet. This is useful to know if you are having trouble finding crypto between different wallets as well as what you can do if you need an alternative to use if vendor software is online, or if you want access to better privacy or security features.
Chapters
00:00 Intro
01:24 Trezor Suite
02:05 Exodus
04:03 Trezor Web Wallet
05:15 Shapeshift
06:27 Security Considerations
07:30 Potential issues to be aware of
08:24 Advantages of multiple wallets
09:38 Closing Thoughts
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If you are new to Crypto, my suggestion is that you start with buying ~$150 worth of Bitcoin, Ethereum, Litecoin @ Coinbase and get familiar with storing it, moving it around, etc.
For your first purcahse, just stick with CoinBase: www.coinbase.com/join/5691c9d...
For Trading, just start with Binance: www.binance.com/?ref=18111926
By sticking with large, reputable exchanges for your first purchase (Coinbase) and first trade (Binance) you can avoid getting scammed right at the start by purchasing a non-existing coin off a scammy exchange. (You would be surprised how many people fall into this trap)
Don't have a hardware wallet?
Be safe and buy them direct from the manufacturer. (Not just through some random on eBay, Amazon, etc)
Get a Ledger: shop.ledger.com/?r=5243ecbb84...
(If you are just starting out, I would just recommend a Ledger Nano S)
If this was helpful, feel free to send me a tip:
BTC: 37hiiSB1Poj6Shs8WawPS2HjT2jzHkFSQi
BCH: qr9qenlgjh0xlyz802h70ul69rpdj8z6qyuh7m79ah
LTC: MRWnUcsyofisVp5GvX7nxMog5caneycKZ6
ETH: 0xCe41d43349E1c8C53E02631650E236d94A899a95
VTC: vtc1qxauv20r2ux2vttrjmm9eylshl508q04uju936n
ZEN: znUihTHfwm5UJS1ywo911mdNEzd9WY9vBP7
#bitcoin #btc #ethereum #eth #cryptocurrency #crypto #trezor #security #exodus
I just want to say that I appreciate that this guy answers questions from commenters.
Thanks, I do my best to answer them all. :)
Great information for beginners.
The clarity in your message delivery is the best on utube in my opinion. Please continue your fantastic educational videos
Thanks, glad it helped :)
Always so helpful. Much appreciated!
Happy to help!
Just what I needed to make my decision. Thanks. Very informative video.
Glad it helped :)
Thanks you for great info. New to crypto.
Glad it helped
WOW! I had no idea about this!!
Glad it helped :)
Thank you - very helpful!
Glad it helped
Thank-you - exactly what I wanted to know
Glad it helped
Amaizing, Thanks a lot :)
Glad it helped :)
Thank you.
No worries
Thank you, thumbs
Glad it helped
Just found this helpful video - thanks. I'm using Exodus from my phone and computer. So what happens if I pair Exodus on the computer with Trezor. Can I still use the phone app without connecting Trezor. Keeping in mind that Trezor cannot connect to the phone
You can't use your Trezor with the phone, so at best it will give you watch-only access to the Trezor accounts. (Or just not show them at all)
Your videos are very helpful... One topic I rarely see is how to interface hardware software or paper wallets to a 2-way Bitcoin ATM for purposes of cashing out... This is helpful topic please
It's just the same as any other transaction in terms is sending funds to them. For depositing cryptos it all depend, sometimes it will deposit to a receive addresses, other times it will create a paper wallet that you need up sweep.
hello dear thank you for the great videos, one question: I just transferred my crypto to Exodus which is connected with a Trezor T, but I wrote done the backup seed phrase from Trezor, should I write down also the seed proposed by Exodus? Which one will be the correct one? Many thanks
If you are using the hardware wallet tab in Exodus, it won't use the seed that Exodus provided at all.
@@CryptoGuide thank you very much!
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Hello. Thanks for this video. If I had a Trezor with ADA on it can I apply the same for ADA wallet like ETERNL? I assume it will only show Cardano based assets.
If that wallet supports the Trezor as well then sure. (With ADA you can at least use ADALite and Yoroi)
Is it possible (cold) staking with my Trezor account on the exodus wallet
This would depend on the crypto in question.
Great video. That was driving me crazy - Maybe I feel more at home with oz accent :) ..... How do I get Native BTC to Segwit? Would make accounting easier to have everything in the one place.
"How do I get Native BTC to Segwit?" What do you mean by this? If you just want to move the funds so that it is the same in all the wallets you are using, you just send it like any other transaction.
I am a confused newbie ; I setup the new model 1 wallet & it now has a default BTC address that was created with the setup. *Do I use this SAME ADDRESS for all different crypto I buy?** Or do i have to got to Trezor Suite - where you can create a new address specifically for each type of crypto? Plus - I see T1 does not support ADA!
You must be sure to only use a given address with the associated crypto. Any software interface you use will allow this and they are all included in you backup. I explain this a bit here ua-cam.com/video/X3_t6wO2f5M/v-deo.html
That's correct about ADA, as per here trezor.io/coins/
Hi, I just bought a new trezor one, can I just bypass setting up my device on the web interface of trezor, and directly set it up tru Trezor Suite desktop app?
Yea you can do all of the setup in Trezor Suite, electrum, etc.
@@CryptoGuide Thank you for the clarification. Thought I have to set up first on the web.
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If you link your Trezor one with exodus, does that mean you’ll have access to more coins with exodus that otherwise you wouldn’t on Trezor ?
You might be able to manage more coins than you would be able to in Trezor Suite, but it doesn't make the device support everything that Exodus does.
Hi and thanks for easy to understand video. I have a question: how do I get exodus wallet crypto "into" my Trezor T. Thanks
So are you asking how to migrate from an existing Exodus wallet if you have bought a new Trezor?
Hi and thanks. I had the trezor first with bitcoin etc then bought dot xrp and vet in exodus. These appear in exodus wallet but not trezor. I am wondering how I get these into the hardware trezor. Thanks again
These aren't all supported by the hardware wallet. (VET, DOT, maybe XRP if you have a Trezor One) You will need something like a Ledger Nano X for those altcoins.
@@CryptoGuide thanks so much I understand now.
Really appreciate your help
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Do you get separate addressess, I mean is the address in Trezor Suite different than in Exodus and ShapeShift?
Basically both shapeshift and Trezor suite both support all account types, Exodus doesn't. What this means is that some accounts/balances that you can see in the other two may not be reflected in Exodus. (But it will always work fine in the opposite direction)
Apart from Trezor suite, is there a wallet that can display all BTC segwit accounts?
Sentinel, Electrum, Wasabi will all work fine.
Thank you yet again for a great informative vid. Just a couple of questions if I may. Why is it that the Trezor Model T has a 12 word recovery phrase as opposed to Trezor One that has a 24 word seed phrase? Does this make the Trezor Model T less secure? Is there a way to change Trezor Model T from a 12 to 24 word seed? Cheers.
It's just a user experience choice from the Trezor team and has a few implications. Firstly, a 12 word seed can be easily brute-force descrambled, so don't use seed scrambling as a means to secure your backup... Use a BIP39 passphrase... Secondly, the error checking it's 12 word seeds is very weak, you can pick any random 12 BIP 39 words and there is a 1/16 chance that it will have a valid checksum, as opposed to 1/256 for a 24 word seed. What this means is that you need to take the time to fully verify your seed backup using recovery check, as the Trezor T onboarding only has you check 4/12 of the words... (Totally inadequate, especially when combined with the weaker checksum)
That said, if you are aware of those two things, a 12 word seed is fine. You can also initialize a Trezor T with 24 words either from the command line or via Electrum. (You can't "convert" an existing seed)
@@CryptoGuide thank you for your time. Sounds all too technical for me.
@@John.John.Johnny.John. basically 12 words is fine, it's safe, 24 is overkill but technically better.
@@duckmeat4674 12 words are not so safe
@@summerbreeze5115 show me where a 12 word seed has been cracked by brute force
Can someone please explain what is meant by 'native segwit' and how is it different from the other segwit accounts marked #0 and #1?
Trezor blog covers it well here blog.trezor.io/bitcoin-addresses-and-how-to-use-them-35e7312098ff
I'm currently using exodus and planning to buy a model t, would i need to switch to using trezor suite or can i continue to use exodus? Cheers.
You will be about to use Exodus as the interface for your Trezor, though you well still need to move the funds on to it within Exodus.
@@CryptoGuide Okay, Thanks mate 😄
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I used the exodus wallet for staking ADA, if I transfer the ADA into the trezor wallet will they still be staking?
You will need to unstake it, move it to the Trezor and restake it.
Thanks for the video. So if let's say, I want to buy ADA which my Trezor does not support, I can connect my Trezor to Exodus and purchase on Exodus right? And would I need to create an account with Exodus, or is that somehow tied to my Trezor? Thanks!!
No, Exodus will only display the cryptos supported by the specific Trezor you are using. (So Trezor One doesn't support ADA, while Trezor T does)
@@CryptoGuide Thank you. Does Trezor typically roll out support to all their models in the long run? Or do they usually keep it segmented so people will buy the T? I just picked up my Trezor =( So if I wanted ADA, I'd have to store it on a software wallet somewhere?
The design of Trezor wallets are that all supported cryptos must be supported by the single firmware that runs on a given Trezor. (So Trezor T vs Trezor One) This means that there isn't the same ability for an older device to support a wide range of newer cryptos while still supporting all the existing ones. (So the Trezor One is unlikely to ever support things like ADA) This is very different to the approach that Ledger have taken where they have a more modular firmware and you only install what you need. This is why a Nano S can support all the latest stuff like DOT/ADA/etc even though it's older than the Trezor T.
Ah, gotcha thanks! Maybe I should pickup a Nano then to store altcoins. Thanks man
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What happens if the derivations path is not the same? And also if some doent support change adress? (or put in an other change adress?)
In terms of derivation path, it is worth checking over at walletsrecovery.org/ if you are trying to do something exotic with a wallet like Wasabi. If you use a wallet that uses different derivation paths, you will just see either none of your balance or only part of it. (Just like what happens in this video with the different handling of Bitcoin address types)
That said, mainstream wallets like the official Trezor wallets, Exodus, Shapeshift, etc, follow standards in this regard and also don't allow users to even enter custom derivation paths. In terms of change, decent hardware wallets are actually have constraints around what they will accept as a change address based on what is allowed within BIP44. Typically your hardware wallet doesn't display the change address once it has been validated and any change address that belongs to someone else will be displayed as a 2nd output. (So you would be asked to confirm the two ouputs, even though in your malicious wallet you only requested one) Hardware wallet vendors are also clamping down on the derivation paths that they will even allow the device to use, throwing a warning to the user if you are doing something really non-standard. (A warning that you can suppress using the command line tools if you like)
The way that standards are enforced like this is actually a powerful feature in that for crappy software wallets (like Atomic) they can just ignore standards entirely and the users are none the wiser until something goes wrong. If a software wallet tries to ignore standards entirely, it will simply not work with a hardware wallet...
@@CryptoGuide OK I understand better now, thank you!
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Hello Crypto Guide. I have Bitcoin on a Trezor T and wish to exchange it (swap it) for Theta; how do I do this of Trezor doesn't support Theta?
Trezor should work just fine with it, have you tried at wallet.thetatoken.org
does this mean that using trezor actually gives you IOUS in trezor? is this better that using trezor suit? i want to keep my xrp secured
Unless you are using the Binance-Pegged tokens you don't have IOUs, it doesn't matter which software interface you are using, the funds are stored on the Trezor. (Though your options for altcoins like XRP is likely much smaller)
Hello -- I'm using Trezor Suite and happy with it, though I'd like to be able to use an online wallet with it, if needed. The problem is the BTC I have in my wallet, is Native Segwit (I accepted the default for Trezor). Are there any hot wallets which will work with all the varieties (addresses?) of BTC?
You can just use Trezor suite online via suite.trezor.io/web/
@@CryptoGuide Fantastic! Much appreciated. Quick query for you, if you don't mind. If I use a passphrase would you say the Trezor One is adequately secure or would you recommend upgrading to Bitbox or Coldwallet? Many thanks, in advance.
The key extraction issues on Trezor devices are mitigated using a BIP39 passphrase. The main thing is making sure that you also include this in your backups.
@@CryptoGuide Thank you, CG! Most helpful. I felt the same way after reviewing the "security loophole" discovered by Kraken, passphrase was critical. Just so we're on same page, by "including in your backups," you mean include where I keep my seed words and PIN so I don't lose them, correct?
Basically means you need to keep a copy of the passphrase somewhere, don't just rely on your memory :
how do we acces alt tokens in trezor to swap on exodus?
What does this mean, what are you trying to do?
@@CryptoGuide so I have stored Qsp, plr, ppt and I can’t get them on exodus to swap for btc unless I send to and from exodus which is costly! Any advice?
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Is Trezor suite or trezor bridge anonymous? Can it be used offline or does it require internet connection to initialize a Trezor wallet?
You Trezor can be used offline in a number of ways, including the initialisation. (As long as you download the firmware from somewhere beforehand)
Does using a 3rd party software like exodus make your trezor private keys more vulnerable to being hacked in any way?
No, as long as you always check your recieve and send addresses on-device, as well as be sure to never enter your seed in to any of them...
Using something on your desktop like Trezor Suite or Exodus actually decreases the chance of you getting phished when compared to a web based interface.
Awesome thanks for the reply
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Hi friend .. i transfered $40 from exodus to trezor. I can visualize my founds in the exodus interface but i cant in the trezor suite. Any suggestions?? Thanks in advance 💪🏻💪🏻
Which coin was this?
@@CryptoGuide BTC
Normally this happens the other way around... So are you saying that you can see the correct balance in Exodus but not on the Trezor?
So I got a new trezor one coming how do i send btc to an exodus wallet that WILL show all btc? (New to crypto). Can I send all my btc to one account?
Your best bet is to just connect the Trezor to Exodus and send it that way. Basically it will just use the first "Segwit" (as opposed to native segwit) address in terms of what you would see in Trezor Suite.
@@CryptoGuide isnt that higher fees though using legacy
It's lower fee than legacy but a bit higher than native segwit.
@@CryptoGuide oh i see. K i'll do that thanks
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good video..can you do video about xlm or chainlink.
Thanks, so for those do you mean a video about wallets for them?
@@CryptoGuide i had connected exodus to trezor,,old version,,then i update to trezor suite and i cant see xlm and chainlink in trezor suit now..
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What risks are associated with using these software wallets with a hardware wallet? I know that my private key and passphrase is never shared, but is there risk with the xpub being shared or other risks that I am not thinking of?
It's most privacy related in terms of risks. (As long as you always confirm the addresses on-device)
@@CryptoGuide thanks for the response!
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Anyone know which of these wallets support most amount of coins with trezor one?
It's all going to be basically the same
@@CryptoGuide Okay. There's lot of coins what trezor doesn't support, but for security it's great!
If you want wide coin support the you should probably just get a Ledger
@@CryptoGuide Honestly I don't trust ledger.
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Trezor suite doesn't work on android smartphones or tablets the bridge won't be recognised so out side of btc it pretty useless unless to have a pc or laptop which many don't.
Trezor suite does actually work via webusb so you can use it on Android that way.
That said, Ledger mobile support is far better than Trezor...
@@CryptoGuide I will take a look into that. I was concerned about ledger as there were some security issues not that long ago I'd still use one it just that I already have a Trezor.
The customer data leak doesn't relate to the devices themselves.
If you already have a Trezor and you have an Android phone, you can use the browser based Trezor suite via webusb.
...holding only bitcoin?
The principle is the same for alts too if you don't mind all the extra risks.
@@CryptoGuide other coins solve problems associated with crypto
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what i got from this video is use Trezor suite if you want it to fully work lol
Well yea Trezor suite is the most comprehensive wallet software in terms of the functionality offered by your Trezor
@@CryptoGuide so why use anything else? Backup?
Some people prefer the interface of exodus, others will want the non-custodial exchange functionality of shapeshift. Other still will want the privacy benefits, power features and decreased trust of using something like Sparrow.
@@CryptoGuide interesting, I didn't take away these benefits from the video. Can you dex trade native btc/stables on any of them without blind signing?
Well yea they are advanced features, most folk will just stick with the basic stuff that the vendor software let's you do. Trezor doesn't really give you any insight into smart contracts regardless of which software you use.
Basically it lets you do stuff like multisig like I demo on the Casa videos.
Keep all your crypto safe & upgrade to a Trezor T is also a great value wallet shop.trezor.io/product/trezor-model-t?offer_id=14&aff_id=2922&source=UA-cam
Ah the good old days when you hadn't discovered that annoying flute music 🎶
;)
**BE CAREFUL** Exodus lost a transaction I made to another wallet.
Support asked me for transaction ID and never responded again to my mails.
*USE ANOTHER WALLET IF YOU CARE FOR YOUR MONEY*
What do you mean "Lost" a transaction? Did you send it to the wrong place?