Yesterday a partnership was announced between the famous hardware wallet Trezor and BTC Direct for buying Bitcoin (BTC) using the wallet.
Credit or debit card, bank transfer, SOFORT, SEPA, Giropay, iDeal & others: what is this all about? 👀
— Trezor (@Trezor) July 8, 2020
Trezor points out that since the last halving the demand for bitcoin has increased and so more and more people have become aware of this asset, with many people starting to buy it.
Most novice users rely on centralized systems and often the purchased bitcoins are left on exchanges, and they are not withdrawn to be stored in safer places and wallets.
In fact, the best choice to store crypto assets would be a hardware wallet or a decentralized wallet, as no one stores the users’ private keys.
Before going into the details of the partnership, it should be noted that the BTC Direct company is not a newcomer in this industry.
It was founded in the Netherlands in 2013, the year in which Trezor was born, and thanks to this partnership users will have the opportunity to buy this asset from a decentralized platform.
In particular, it will be possible to use different payment methods such as credit and debit cards, SEPA transfers and local payments such as Giropay, iDeal, Bancontact and EPS (Electronic Payment Standard).
Obviously, considering that this partnership will mainly involve European users, it will be necessary to comply with the laws of the European Union, such as those relating to AMLD5, as well as the procedures for the identification of users (KYC).
How to buy Bitcoin on Trezor
The procedure is quite simple and within everyone’s reach, as it is enough to access the Trezor wallet and click on the new “Buy” option.
Then it is necessary to choose the payment method and the amount to be purchased, and then users will be redirected to the BTC Direct website, where they will be asked to complete the KYC procedure.