The days when cryptocurrency was something inaccessible and inaccessible to a beginner are long gone: now the market is open to everyone and even, one might say, friendly. For many, electronic money is already as familiar as the most common bank accounts; the number of digital currency users continues to grow steadily.
The first thing to think about is where to store your electronic money. How to ensure safe storage of your funds when even protected computers are exposed to hacker attacks.
This is why there are various crypto wallets with different security systems.
A crypto wallet is a place where cryptocurrency is stored. Almost all of them are as virtual and intangible as the cryptocurrencies themselves.
Cold wallets for cryptocurrency are considered more reliable, which are compact devices the size of a flash drive or keychain, hardware shells for programs that provide access to the blockchain. One of the well-known manufacturers of such devices is the Czech company Satoshi Labs.
What is a Trezor Wallet?
Trezor is one of the hardware wallets that is popular among users for its security system. And he is also the progenitor of hardware wallets.
The Trezor device itself is quite compact, looks like a key fob from a car alarm, and is equipped with a color touch screen. The device weighs only 15 grams, so you can easily carry it with you as a keychain, always having access to your digital tools.
The device is powered by a built-in battery. A USB-C port is provided for connecting to a computer or charging. On the side panel there is a slot for microSD memory cards, on which you can store passwords or personal files encrypted using one of the keys generated by the wallet.
Each new Trezor crypto wallet needs to be configured before use. To do this, you need to connect the device to a computer with Internet access. and go to the corresponding page. The setup process involves installing the firmware from the official website. Thanks to this, the owner can be sure that he is using the latest version of the software, as well as that no one has used the wallet before him.
For the convenience of users, the creators of Trezor have developed a system that is suitable for multiple platforms, such as Windows 10+, macOS 10.11+, Linux, Android. This means that you can even use the wallet using a mobile phone.
The more digital funds a wallet supports, the more popular it is among users. Trezor supports Bitcoin, all Ethereum network tokens, popular and rare altcoins.
Also in each update, new coins are added, which makes Trezor even more attractive.
The device is shipped to over 150 countries, making it available almost all over the world. This helps to spread and attract new users.
When installing the wallet, a special, individual SEED-phrase is entered, which gives additional protection. The passphrase provides more security, but if you forget it, it is impossible to restore the wallet. To do this, it is advised to write down the SEED phrase in a separate text document or notebook.
A password for entering is also set, which consists of four to nine numbers. Trezor has a feature for entering a password, with each attempt, the location of the numbers changes, which makes the entrance more secure. It looks like this: in the wallet login system, the user sees empty cells and are exactly the same, but with numbers on the device screen.
The Trezor itself is not tampered with and connects to your computer or phone. It is also advised to make a purchase on the company's official website, since third-party organizations cannot guarantee the safety of using the device.
After receiving the device, the user must make sure that the packaging and holographic stickers are intact. If defects are noticed, the likelihood of safe use is in question, so you should contact technical support on the official website.
Trezor wallet features
In addition to wallet functions, Trezor provides its own crypto exchange, creating more convenience for users.
Trezor can be used with computers infected with viruses. The wallet does not send your passwords and secret keys outside the device; transactions are signed offline in the device itself. In fact, the hardware, or as it is also called, the Trezor cold wallet is one of the most reliable ways to store cryptocurrencies.
In addition, in comparison with other similar devices, Trezor is compatible with many official software wallets, in the absence of a computer it is possible to work with Android devices via an OTG cable, and the build quality of the device and the materials used are better than those of competitors.
In the support service, the user will receive all the answers to their questions. Support on the Trezor website, available 24/7 in English. Which is not a problem with the huge number of online translators available all over the place.
How does Trezor wallet work?
The first step is to turn on your device and open trezor.io/start in your web browser. The device is compatible with current versions of Google Chrome and Mozilla Firefox. The developers strongly advise using Google Chrome as it is the most optimized web browser.
On the start page, select the appropriate Trezor model as your product. If you are using other browsers, you will need to install the Trezor-bridge - a special "bridge". Once the Trezor wallet recognizes the device, it will automatically prompt you to install the firmware. Within a minute, the device will reboot and download new software.
Once the software is properly installed, you will need to create a new wallet. The developers recommend creating a new wallet if you are not sure if the previous wallet was 100% secure. After your confirmation, the device will process the request and move to the new interface.
After registering and setting a password, the user will be able to start working.
The user can create several accounts in the device, to each of which an almost unlimited number of cryptocurrency addresses (public keys) can be linked, depending on the conditions of the transaction.
Select from the list the desired wallet from which you want to transfer funds, then go to the transactions tab. After that, it remains only to select the currency, the recipient's wallet and indicate the amount. Trezor provides a choice of commission size that will affect the transfer time. If you choose a small commission, the transfer will take more time and vice versa.
In the transactions tab, the user needs to select "Receive", then enter the sender's wallet address and the transfer amount.
How to start using Trezor wallet in the UAE
Trezor wallet review provides all the information you need. The user orders the device from the official website, then after checking the integrity of the packaging, takes out the device. Included is a USB cable that connects the Trezor to your computer.
After the wallet is installed on the computer, using the Trezor device, the SEED phrase and password are entered. The user can now use all the functions of their Trezor wallet.
If you are wondering “how to use Trezor Wallet?”, you can follow the instructions from the official site, where customer support explains the setting in detail.
Trezor Wallet account recovery
If the user remembers the SEED phrase of his account, then it will not be difficult to restore it. He can use the support service or restore the account on his own.
H2. Pros and cons of Trezor wallet
- A large number of supported cryptocurrencies
- Intuitive and user-friendly interface
- Work in the interface, and not with buttons on the wallet
- Additional reliability thanks to confirmation of transaction details on the device screen
- Constant receipt of updates
- English-speaking support service
- The need to connect to a computer and enter a PIN code to send transactions, which may not be suitable for users who want to frequently carry out transactions with cryptocurrency
Trezor wallet alternatives
Of all the alternative wallets, only the Ledger wallet can be considered. It has almost the same good security system and the same large number of digital assets available.
Trezor wallet FAQ
Why do you need Trezor wallet?
Trezor is one of the best hardware wallets, with a great reputation built over the years. Many hardware wallets are based on Trezor wallet technology. Hence the question: why use a copy when the original is available everywhere?
Is Trezor wallet free to use?
The wallet itself is free, but without purchasing a Trezor device, it will not function. The price of the device itself, according to users, is not high if we compare the price and quality of security, as well as reliability.
How reliable is Trezor wallet?
Due to the fact that situations with threats of hacker attacks and infection with viruses are impossible, Trezor is one of the most reliable wallets for users.
How do I use the Trezor wallet?
To use, you need to connect the Trezor device to your computer or phone, register and create a password consisting of 4 to 9 characters.
What can you do with Trezor wallet?
In addition to storing a large number of varieties of digital currencies, Trezor also provides a crypto exchange function.
How to send cryptocurrency from Trezor wallet?
To do this, go to the transactions tab and select the "Send" function, then select the currency, amount and enter the recipient's address.
What types of cryptocurrencies does Trezor Wallet support?
Trezor supports over 1000 cryptocurrencies, the list includes all Ethereum-based currencies, as well as all known and rare altcoins.
If my computer crashes, can I restore my wallet to another computer?
Thanks to the Trezor device, and a special SEED phrase, the user can restore their wallet to any suitable device.