Looking for a way to setup sell orders that once a coin or token hits a set price I want Trezor Suite to automatically sell it for cash. Can this be done within Trezor Suites? Or do I have to move my coins & tokens back to exchange like Gemini to sell it? Or is it best to use Kraken along with my Trezor 3 Wallet?
@jcasares Trezor Suite does not currently natively offer this functionality.
That is a bummer. Can our Trezor wallet be linked with an exchange like Kraken or Gemini so they could make the transaction? Or is this not safe? Or is there just no way around it - I would have manually move my coins and tokens to exchange first.
Appreciate the feedback - thanks
A lot of DeFi and smart contract developers want to accomplish these sorts of more advanced financial transactions with the systems they build, but if you’re going to go down that route you will have to give up some or all custody of your coins. Ensure you fully understand the risks and implications of interacting with any smart contract or DeFi protocol before doing so.
In my role as a Trezor employee and self-custody advocate, I can’t recommend any DeFi solutions for what you’re trying to accomplish as none of them are in my opinion true self-custody, but if it is of interest to you feel free to do your own research.
Appreciate the feedback
1 Like