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October 10, 2018

Everything you Should Know About the Trezor Wallet & its Supported Coins

trezor hardware cold storage wallet

“Trezor. Invented for your digital freedom.”


The concept of a cryptocurrency hardware wallet – otherwise known as ‘
cold storage wallets’ – stemmed from the need to ensure the safe storing of digital currencies.

In layman’s terms, a cold storage wallet is a cryptocurrency wallet that is not connected to the internet. Here, transactions are digitally signed with the wallet address private key in an offline environment – rather than online – before being sent to the public, online network. Should a hacker attempt to compromise the transaction, they will not be able to access the private key used. This makes it impossible for hackers to access the transaction.

On the other hand, depending on the type of wallet you use and the security measures taken by the wallet brand, an online cryptocurrency wallet can be susceptible to a digital compromise, where hackers attempt to steal holders’ digital assets. This is why Coindirect ensures that your cryptocurrency wallet online account is secured with well-fortified two-factor authentication (2FA) software.

Although, hardware wallets do guarantee 100% crypto-safety as well…

 

trezor

Image: Trezor


Trezor was the world’s first cryptocurrency hardware wallet to enter the crypto space and provide a solution to the safety and security of investors’ cryptocurrencies.

Coindirect takes a look at the Trezor hardware wallet.

 

About the Trezor hardware wallet

Trezor hardware wallet

Image: Trezor

Trezor was co-founded by Trezor Chief Executive Officer, Slush, and Trezor Chief Technology Officer, Stick.

The Trezor hardware wallet is designed to allow users to securely store their cryptocurrencies. It also enables cryptocurrency investors to safely complete transactions and privately manage their digital currencies without revealing sensitive information to the blockchain’s public network.

Supported Trezor device operating systems include Windows 7 and higher, macOS 10.11 and higher, Linux and Android OS.

 

What does the Trezor cryptocurrency wallet have to offer?

The Trezor cryptocurrency hardware wallet does not only support over 500 digital currencies, including all ERC20 tokens, but also offers its users diverse benefits.


1. Cold wallet storage

Your digital currencies can be safely managed and transacted with while avoiding cyber hackers; providing peace of mind that your coins are 100% safe whether you’re sleeping or not.


2. 
Transparent security

The Trezor wallet has been audited and verified by many security researchers. These features include:

  • Firmware verification by SatoshiLabs.
  • An ultrasonically-welded hardware case.
  • Protected private and public key operations.
  • Secure update procedure where the bootloader removes memory on the firmware update and restores it if the firmware signature is valid.
  • BIP39 passphrases are supported.
  • The wallet’s bootloader is write-protected and the MCU is protected by the Memory Protection Unit.
  • Any comprises, such as theft, loss or destruction of the Trezor wallet, is backed up offline by a 12 to 24 words long recovery seed which follow a standard created by Trezor at SatoshiLabs.

3. Reliable customer support team

Trezor has a dedicated support team that can be relied on to resolve any low-level issues and answer your Bitcoin 101 questions.


4. Intuitive and seamless interface

The interface of the Trezor wallet platform is easy to use; perfect for new cryptocurrency buyers and seasoned cryptocurrency hodlers.

 

Trezor hardware wallet options: Trezor One and Trezor Model T

trezor hardware wallet

Image: Trezor

According to Tezor, the ‘Trezor One’ hardware wallet is the world’s most trusted crypto wallet with cold storage. Despite its seamless user experience, what makes this cryptocurrency wallet stand out is its security system, password management and Second Factor.

However, Trezor’s second model option, the Trezor Model T, was not only designed to inherit the features of the Trezor One but also integrates a much faster processor, a touchscreen pad, advanced cryptocurrency support, as well as a magnetic dock with a double-sided tape that can be attached to any solid surface.

 

Here are the key featured differences between the Trezor One hardware wallet and Trezor Model T hardware wallet

 

Trezor One hardware wallet and Trezor Model T
Image: Trezor

Access our integrated platform and #OwnTheFuture with Trezor and Coindirect.