Cryptocurrency wallet developer Trezor allows users to make bitcoin transfers anonymously

Hardware cryptocurrency wallet developer Trezor has added support for bitcoin transfer anonymization technology. Representatives of the company announced this on Trezor’s Twitter page.

The technology support is the result of Trezor’s cooperation with another cryptocurrency non-custodial wallet Wasabi Wallet. The partnership allowed Trezor to deploy the CoinJoin mixing function on its devices, which increases the privacy and security of bitcoin transactions. With the help of CoinJoin technology, Trezor wallet owners can hide personal data when dealing with cryptocurrency.

Enter a new era of privacy with Trezor. Pay with your money, not with your data!

We’re proud to be the first hardware wallet to implement coinjoin in collaboration with @wasabiwallet

To celebrate, get 15% off a Trezor Model T between April 19 and 26🔒https://t.co/eu2j47vuLl

— Trezor (@Trezor) April 19, 2023

The option is already available on Trezor Model T wallets. In the near future, the company plans to include CoinJoin for its first hardware wallet, Model One. The company has warned that some cryptocurrency exchanges may block transfers based on CoinJoin. To solve the problem, Trezor advised users to carefully read the terms of use of the platforms.

To enable the feature, users need to open a new CoinJoin account in the main menu of the Trezor app. The new feature is available alongside other account types, including Segregated Witness (SegWit) and Bitcoin Taproot. To maximize privacy, the CoinJoin feature on Trezor also offers users the option to enable the Tor anonymous communication protocol.

Trezor’s Bitcoin analyst Josef Tetek explained that CoinJoin is an optional feature, and nothing will change for wallet customers who do not wish to use it.

For the anonymous transfer service, Trezor will charge 0.3% of the transaction amount (excluding miners' fees). The company recommends using CoinJoin for transfers of 0.1 BTC or more (about $ 3000 at the current exchange rate), as smaller amounts are not economically feasible.

Interestingly, earlier representatives of Wasabi Wallet said that the company would start blacklisting addresses that confuse transfers via CoinJoin. It is unclear what exactly caused the censorship, as well as the reasons for the change in the position of Wasabi Wallet’s management.

As a reminder, the cooperation between Trezor and Wasabi Wallet began in September 2022. Back then, representatives of the platforms started working on the integration of a tool for mixing bitcoin transactions into devices. Having promised to open access to the new feature in 2023, this is exactly what happened.