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Cryptocurrency Wallet TREZOR

TREZOR

TREZOR is an industry-leading hardware multi-cryptocurrency wallet. Trezor is a hardware Bitcoin wallet that also acts like a USB device, which operates on “Zero Trust Approach”, which minimizes the compromise by a third party. They were the original hardware wallet and claim to be the most secure.  These are quick to set up and easy to use. They offer a Google Chrome extension that communicates with your hardware.

TREZOR combines an easy setup with a small, durable token for authenticating and storing cryptocurrency. The token can also act as a security key for the new U2F authentication process. Trezor is protected by a PIN and provides you with recovery seed if your wallet is stolen or lost. In addition to the web interface, you can work with it through third-party applications like MyEtherWallet or Mycelium.

  • Website: https://trezor.io/
  • Currencies Supported: Bitcoin
  • Pricing: $99
  • Payment Method: Ideally, this device should be used to secure a substantial cache of bitcoins, transferring them to more convenient mobile wallet platforms for smaller transactions.
  • Features: Hardware bitcoin wallet that offers superior protection for your private key.
  • Other Benefits: Trezor can be used to sign transactions on ‘unsafe’ computers and is impervious to keyloggers and many other vectors of attack, so even if your host PC is compromised, the attacker has no way of getting your private key.
  • Hard Wallet or Digital Wallet or Both: Hardware wallet(Cold Wallet)
  • Desktop or Mobile App: No
  • Control Rating: You control
  • Type of Verification: 2 Factor Authentication
  • Vulnerable or Secure Environment: High Security
  • Privacy Rating: High privacy
  • Available Assets: Multicurrency (BTC, ETH, LTC, etc)
  • Available Platforms: Android, macOS, Windows, Linux
  • Best feature: Ultra-secure offline storage and backups.

Trezor Supported Coins:

As per Trezor’s website, they support 1064coins. These include the following:

  • Bitcoin
  • Ethereum
  • Ripple (only Model T)
  • Bitcoin Cash
  • Litecoin
  • Tether
  • Stellar
  • Dash
  • Ethereum Classic

Trezor Pros and Cons

Pros:

  • Extremely simple to use.
  • Very sleek design.
  • It can be used on all devices provided the platforms are compatible (Windows, Mac OS X or Linux).
  • Never exposes your private key.
  • Randomly generated pin code keeps the device safe and secure.

Cons:

  • Costs $99 which is a bit steep.
  • Trezor doesn’t support Ripple (XRP).
  • Not as inconspicuous-looking as Ledger Nano.
  • Just that it limits its communication with other devices. When the USB device isn’t connected, it’s turned off.

 

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