Onramping Fees in Trezor One | Are Buying Bitcoin Directly Worth it?
Edited By
Ahmed El-Sayed
A wave of concern is rising among people using Trezor One after reports about high fees for purchasing Bitcoin directly through its interface. Critics warn that the onramping function, partnered with Changelly, may not be worth the trouble.
Comments Spark Debate on Fees
Several voices from across forums are questioning whether it’s worth buying Bitcoin using Trezor's built-in options. People are advising against it, citing unfavorable fees and potential security risks involved with using a more accessible platform for cold storage.
"Don't do it. This function is powered by Changelly, a company known for its bad behavior," one commenter notes, echoing concerns about the service's reliability.
Others argue that the model of the device has no bearing on trading fees. "The model of the Trezor device doesn't affect the trading fees to purchase BTC," a user points out clearly.
Interestingly, there's confusion about how these fees impact cold storage practices. One commenter asks, "Why do you think purchasing from the Trezor App would make your cold storage less 'cold'?"
Key Themes Rising from Discussions
Fees and Reliability: Many users are returning to familiar exchanges like Kraken or Coinbase for better deals, given concerns about both user interface errors and inadequate support from Changelly.
"Buy your BTC at a well-known CEX like Kraken, Coinbase, Binance, Strike, or Relai and transfer to your cold wallet," one user suggests.
Cold Storage Concerns: There's a consensus that purchasing Bitcoin directly through Trezor could compromise the safety of cold storage practices.
Model Misconceptions: Some users mistakenly believe that the type of Trezor device they own will impact transaction fees.
Takeaways
⚠️ High fees from Changelly are a major concern among users.
✅ Trezor device models don’t influence the trading fees.
👀 Many advocate buying via reputable exchanges to ensure minimal costs.
As buyers weigh their options, the ongoing debate highlights a critical choice: stick with trusted platforms or explore potentially high-fee onramping options through hardware wallets. Are the risks of using Trezor’s features worth it?
Stay tuned for more updates as this situation develops.