If you have been using trezor bridge, you must be aware of the fact that you cannot go without installing Trezor Suite on your device. Well, the first thing that you should do right after purchasing your Trezor device is to ensure that you install the Trezor suite via trezor.io/start. This suite comes with a wide range of features that help you enhance your crypto trading journey and will also allow you to enjoy comprehensive crypto safety on your device.
If you have already been using the Suite, you must be aware of the fact that it did come with the CoinJoin feature. This feature allows you to enjoy a high level of privacy by letting you enable the incognito mode. This mode helps you to transact anonymously without letting you hide your identity and other details simultaneously.
However, on its official website i.e. trezor suite, the team has recently announced the discontinuation of the "CoinJoin" feature. So, if you are wondering what would happen to your CoinJoin account, continue reading this post further.
What will happen after the discontinuation of CoinJoin?
As soon as the CoinJoin feature is discontinued, you do not need to get worried about the coins that you have stored on the CoinJoin account. The reason is that these coins will remain accessible to you even after the termination of this service. Well, the services are being terminated because the coordination partner is ending its support for the same. This support will completely end on June 1, 2024, and soon after that you won't be able to go incognito to make transactions.
But, please note that you do not have to worry about the privacy of your funds or your account even for a moment. You can still use other features of the wallet via trezor.io/start.
Things you can do
The moment you get to know that CoinJoin is discontinuing its services, you should not get panic but you should try to trust the process. There are several other features in the Trezor suite available via trezor.io/start. You can use features such as Tor, Coin Control, etc. Alongside that, you should also try to inculcate some good practices in this scenario. For example, you should avoid using the same wallet address. Or, maybe you can also keep the KYC and non-KYC Bitcoin separated. If you are into P2P buying, trezor.io/start recommends you use Vexl for buying and selling Bitcoin. Meanwhile, Trezor is also trying to shift its focus to improving its security features and inculcating new security practices.
Can you use CoinJoin after its discontinuation?
Anyone who has already been using a CoinJoin account will be able to use this account and the funds stored in it. However, after June 01, 2024, you will not be allowed to make any transactions through it. You can continue to use it to manage your Bitcoin securely. However, if you are planning to transfer your coins from your CoinJoin account back to your standard account, then you should avoid doing so. As said, you will still have access to those coins even after the discontinuation of CoinJoin services.
Conclusion:
The article above gives you deep insights into how you can continue to use the trezor.io/start or the other features of Trezor Suite to enjoy all of its services. Though one of the features of the Suite may not be available for further usage, it does not mean that it will hamper your privacy and security. Also, other security features of the Suite will also be available. So, don't worry, and continue using Trezor.
