Hello everyone,
First of all, I want to say thank you for including the “Sweep” (exchange) feature inside the Trezor Suite. It’s easy to use, convenient, and allows you to compare multiple exchanges.
Now, to the main point:
Did you know that Trezor keeps around 2% for themselves compared to doing the exchange directly?
Let’s try an example:
Exchange 50,000 DOGE to BTC – a fairly common operation.
Trezor gives you the best available offer:
Changelly via Trezor (fixed rate) – 0.09710367 BTC
Changelly directly on their website:
Changelly Web (fixed rate) – 0.09916892 BTC
Difference: 0.00206525 BTC (~2.08%)
Want to try a flexible rate instead?
Changelly via Trezor (flex rate) – 0.09807284 BTC
Changelly Web (flex rate) – 0.09973621 BTC
Difference: 0.00166337 BTC (~1.67%)
(And transfer fees are minimal – around 0.2 DOGE or $0.04.)
Sorry, but I would honestly expect slightly better rates through Trezor, since you already have a partnership with the exchange.
If not better, then at least the same as on the exchange’s own site?
Keep in mind, these exchange rates are for anonymous users. If you register with the exchange, the rates can get even better. So basically, you’re giving up around 2% for the convenience of saving 2–3 clicks inside Trezor Suite.
I get that the Trezor team needs to generate some income, but taking 2% just for forwarding an API call? That feels a bit too much.
To everyone else:
If you’re planning to exchange a larger amount, double-check the suggested rates first – directly on the exchange’s site. Then decide whether it’s worth doing the swap outside Trezor (without the built-in security and ease of use) or keeping it inside the Suite.
Your money, your choice.
P.S. If any of my calculations are off, feel free to correct me. I’d honestly love to be wrong about this. But I’ve tested this multiple times, months apart, using second-accurate rates. I also tried different trading pairs like BTC, LTC, ETH, ETC, DOGE…