With new forms of money, also come new ways to store it. This time it is about cryptocurrencies and keeping them on safe – in your wallet. There are online wallets paper wallets and hardware wallets – each one offering different benefits. However, the last option is also the safest one, since your digital assets and your private keys are stored offline. But, how can you know which model is a good choice, since there is a number of hardware wallets on the market? With our help of course. In this article, we want to talk about famous Trezor hardware wallet. If you are ready to find out what makes this device so popular, stick with us.
What is Trezor?
Trezor is a hardware wallet, designed for storing your Bitcoins. It is well-known for its safety, and ease of use, being one of the best hardware wallets on the market. Anyone looking for a high level of security uses Trezor. Furthermore, this unit offers backup, in case someone steals the device or you lose it.
Without a doubt, this device is a worthy investment and will give you peace of mind. Trezor is the perfect home for your bitcoins.
Why should you choose Trezor?
Assuming you don’t know much about this device, here are some things that make it a number one choice on the market.
1. Ease of use
Contrary to what some people think, hardware wallets aren’t complicated to use. Or at least the vast majority of them aren’t. Trezor is one of the easiest-to-use devices, thanks to its display and buttons.
The display allows you to see the transaction’s contents so that you can see what you are doing. Moreover, the two buttons allow you to confirm or deny the transaction with ease, just by following the instructions. These two buttons make this device so simple to use, even if you are a first-time buyer.
2. Easy to set up
Don’t you just hate complicated installation and setup? You get so frustrated that you start thinking about returning the unit back, not even wanting to try to use it. Well, that definitely will not happen with Trezor. In fact, you will love the easy and fast set up. No worries, even if you are completely new to the world of hardware wallets, you should not have any difficulty with setting up. Of course, you can always call support should you have any questions, but there will be no need for that. This device will be ready in a just few minutes.
Bad things happen – it’s the fact. However, in those times, you mustn’t lose your faith. And that with Trezor you won’t lose your faith even in those bad times proves the fact that it offers recovery. Meaning, if you lose the wallet or someone steals it, you will be able to recover your accounts. More importantly, a thief will not have access to your Bitcoins and private keys, unless he has your recovery seeds (which he won’t).Source: trezor.io
When it comes to compatibility, this device is compatible with Windows, Linux and OS X. So you have a few options to use this unit, which only adds up to its functionality.
Trezor is one of the safest hardware wallets on the market due to its high protection features. Given the fact this is a hardware wallet and that your digital assets and private keys aren’t stored online, this unit is already highly safe. Add to that a PIN code that you have to enter each time you use the device and you see why this device offers unparalleled protection. Let us not forget about the 24-word seed for backup. The feature that makes this unit stand out from its competitors is the passphrase. The passphrase is the 25th word that brings extra safety. However, you cannot forget it because, without it, you won't be able to recover data.
These questions will help you get a better picture of what this device offers, so take a look.
1. What will happen if I forgot a PIN code?
If that happens, you have to reset your device and do the recovery process.
2. Do I get privacy with Trezor?
Yes, you do. Namely, this unit doesn't have a serial number, making it impossible to track. Plus, the device open source.
3. Is Trezor compatible with other wallets?
Yes, it is. It can be used with Electrum, GreenAddress, GreenBits, MultiBit HD, myTREZOR.com, etc.
4. Can this device be used for storing other cryptocurrencies?
Yes, you can use Trezor for storing DASH, Litecoin, and other Altcoins.
5. What does the box include?
The box includes Trezor device, USB cable, and a booklet. When you receive your package, just be sure to check if the silver security seal is untouched. Otherwise, the device may not be authentic.
6. I am not sure how to use Trezor Password Manager. Could you help me with that?
Sure, we are glad to help you. Using this app is easy, but you need to check this link out and follow the steps.
7. Are there additional steps for my device?
Yes, they are. You can find them in your Trezor device, you just need to press the Advanced Settings button. There you will find “Passphrase”, “Disable PIN” and “Wipe Device” settings.
8. Can I order this device on Amazon.com?
Yes, you can. However, keep in mind that the product can only be shipped within the USA and to FPO/APO addresses.
9. What is TREZOR Bridge?
This is an application for communication between a web browser and your TREZOR device.
10. What is TREZOR password manager?
This is the safest way for storing your passwords, and we suggest you use it.
With all the things we said about Trezor, it is clear to see why this device offers a top-notch protection and is a breeze to use. So, if you are looking only for the best, Trezor is your best bet.