How to use coin control in Trezor Suite

In this video, we explain the concept of UTXO and how to use the coin control feature in Trezor Suite to enhance the privacy of your Bitcoin transactions.
Important Note: This video shows an older interface. If you're using a newer version, the design will look different. We are actively working to update our videos. Thank you for your understanding
00:10 What is UTXO
01:05 What is coin control
01: 50 Example of coin control in Trezor Suite
trezor.io/learn/a/coin-contro...
trezor.io/learn/a/what-is-a-utxo
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[@ae-jf6sc]

The best bitcoin wallet application!

[@TrezorWallet]

💚

[@texasbtc]

I didn't realize people would send their bitty to the same address. Satoshi said and I quote: When you generate a new bitcoin address, it only takes disk space on your own computer (like 500 bytes). It’s like generating a new PGP private key, but less CPU intensive because it’s ECC. The address space is effectively unlimited. It doesn’t hurt anyone, so generate all you want. - Satoshi Nakamoto

[@thinkblue8089]

I used a new address every time I sent some bitty to my trezor. So this means I have only one UTXO per address? So this is good?

[@texasbtc]

@@thinkblue8089 (Sorry just noticed your comment.) Yes in theory this is best because it doesn't keep all of your bitcoin in one utxo which is detrimental to privacy as anyone can search your address to see its history as it's on the blockchain. The ONLY downside to a separate UTXO that I've found is when they are very small amounts, like 20,000 satoshis or something because when bitcoin ends up being worth a lot of money then those small UTXO's could be eaten up with fees. The way Trezor does it, as I understand, is they will combine UTXO's without needing separate transfers meaning one fee so I also send bitty to a new address every time I send to my Trezor which is also how Satoshi recommended doing it when bitcoin was created. I hope this helps. Have a great day and keep stacking.

[@snodnipper]

Sounds good. Would love to see Password Management added to the Trezor Suite. Thanks!

[@J-YouTube324]

Does my "change" UXTO have to be a new address? Why didn't the change go to the originating address? Can you manually enter the secondary/change address? Thanks for the help.

[@thinkblue8089]

Is it a good idea to consolidate UTXO's? Is it possible to do with coin control? Or should I connect to Exodus or Sparrow wallet to do this?

[@shreyasnagar1237]

Yes, u can generate a new receiving address and select all UTXO and send entire balance to new address. This will consolidate all utxo into 1 UTXO

[@shreyasnagar1237]

And yes unless you want to pay thousands of dollars in txn fee when Bitcoin is in million dollars price, it is always good to have large amount of sats in one UTXO

[@Curling_Rack]

yes. look out for the days when miner fees are low. generate a new receive address and use coin control to select all the wallets. Select the lowest miner fees before your confirm & send

[@crossfitincline7987]

I don’t see this on my trezor suite, do I need to update to the latest version? I would like to consolidate UTXOs. Thanks.

[@TrezorWallet]

Hi, what is your Trezor Suite version? Update to the latest version and then follow this manual: trezor.io/learn/a/coin-control-in-trezor-suite.

[@adilakif0061]

how many addresses can my trezor wallet create?

[@TrezorWallet]

The limitation of Trezor Suite is 20, but Trezor itself can generate countless addresses. If you connect your Trezor to other apps that have bigger allowance, you can generate even thousands addresses.

[@jamesbaker9342]

So… ordinal friendly 🎉

[@Official_adebasss]

Can I use tezor coin control on a cex wallet? Where I have the utxo is on a centralized exchange

[@ad1450]

Order trezor from official website and ship to India ??

[@gw6056]

This is only for when you send not recieve right. When you recieve you cant control it right

[@TrezorWallet]

Exactly.

[@ronatola]

So let’s say I CoinJoined my BTC in Trezor Suite. SCENARIO: I send 1 BTC from my CJ address to my CEX account which has my KYC identity. The COIN address Trezor picks to send from contains 1.5 BTC (NOTE: I found out in Trz Suite from this video that I can also manually specify which address to send from or multiples - cool) Where does the .5 BTC change go to (assume no fee) - I see Trezor does indeed automatically create a NEWLY-CREATED change address every time you send - great. But where can I see that in the Suite? Will it in any way contaminate the rest of my clean CoinJoin stack because that UTXO could possibly be traced back to the CEX with my name attached to that address/wallet? I don’t think so right? Because there is no XPUB for my CoinJoin account/addresses. from the CEX? So maybe I could send that .5 BTC of change to my CJ account and CoinJoin it again?

[@TrezorWallet]

Hi, you cannot see the change address in the Suite (but as you correctly pointed out, you can later choose to spend from this UTXO using our coin control feature). It will, however, have level 1 privacy, so it would be a good idea to CoinJoin it again to increase privacy. Also, it's worth mentioning that we, in general, recommend keeping your KYC and non-KYC stash separated, and if possible, don't send your coins from CoinJoin to the KYC exchange. I hope this was helpful!