2024-5-17 16:45 |
Key takeaways
Coinjoin feature will be discontinued in Trezor Suite effective 1st June 2024 due to the end of support by our coordination partner.All funds in users’ coinjoin accounts will remain accessible and secure even after the feature’s discontinuation.While new coinjoin rounds will no longer be possible, existing coinjoin accounts will retain their privacy features.Last week, we announced the upcoming discontinuation of the coinjoin in Trezor Suite, effective 1st June 2024. As we approach this transition, we want to provide you with further details and reassurances regarding your funds and the privacy measures we continue to uphold.
Please note, all funds in users’ coinjoin accounts will remain accessible even after this transition.
This blog post aims to provide
BackgroundWhat this means for your funds and privacyFuture steps and supportFAQsConclusionBackgroundThe decision to discontinue coinjoin stems from the announcement by zkSNACKs, the coinjoin coordinator we use in Trezor, to end their coinjoin coordination service. This coordination is essential for the feature’s operation, and without it, we cannot sustain coinjoin in Trezor suite. We want to reassure you that this decision was made with careful consideration and is aligned with our core values of transparency across all operations.
What this means for your funds and privacyAccess to your fundsYour funds in coinjoin accounts will remain accessible indefinitely. There’s no need to transfer your bitcoins to a standard account, as these will continue to be secure in your existing coinjoin accounts.Privacy and Security
Although new coinjoin transactions will not be possible, the privacy of your existing conjoined funds is unaffected. Your coinjoin account remains the most private way to manage your bitcoin in Trezor Suite.Future steps and support
While coinjoin will no longer be supported, we are committed to exploring and integrating other robust privacy features. Our users can still use Tor, practice coin control, and adhere to best practices such as avoiding address reuse and separating KYC and non-KYC Bitcoin. Additionally, we recommend our service Vexl for the most private P2P buying and selling of Bitcoin. We continue to focus on enhancing other privacy and security features within Trezor Suite.
Frequently Asked QuestionsWhy the sudden discontinuation of coinjoin?On May 2nd 2024, zkSNACKs, the coinjoin coordinator we use in Trezor Suite, announced that is discontinuing its coinjoin coordination service by 1st June 2024. This has triggered our announcement, and the discontinuation of the coinjoin feature for Trezor.
Will the discontinuation affect all users globally?Yes, the coinjoin feature for Trezor Suite will be discontinued as of June 1st for all users globally.
Can I still use my coinjoin account after the discontinuation date?Absolutely. Your coinjoin account will still be active and can be used to manage your bitcoin securely. The account will continue to offer high levels of privacy with integrated features like connection over Tor required by default. However, you will no longer be able to initiate any further coinjoin transactions.
Shall I move all my bitcoin from coinjoin account back to my standard account?It is not recommended; in fact, by doing so, you risk compromising the privacy of your coinjoined coins.
ConclusionWe understand that changes like these can be concerning, but stay assured that we are navigating this transition carefully. All funds in your coinjoin accounts will remain accessible even after this transition. For any further questions or concerns, please don’t hesitate to reach out to our support team.
Important Update: Transitioning from coinjoin in Trezor Suite was originally published in Trezor Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
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