Trezor launches two new devices to help crypto novices -Gudstory

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Hardware crypto wallet company Trezor introduced two new products at the Bitcoin Amsterdam conference this week – and we got the chance to take a first look at them.

Trezor Safe 3, a hardware crypto wallet, and Trezor Keep Metal, a “mistake-proof” backup solution for wallet passwords, launched in celebration of the company’s 10-year anniversary.

The new crypto wallet is designed specifically for new digital asset entrants with a focus on “maximum security and ease of use,” Trezor CEO Matej Zack told TechCrunch.

Hardware crypto wallets are one of – if not the , The most secure way to store your digital assets, as they are generally not connected to the internet, hindering the risk of online attack. Also sometimes it is better to hold cryptocurrencies on a wallet rather than on a centralized exchange where they can be frozen and halved like Celsius in June 2022, as it gives you full control over the tokens.

But that control also comes with a lot of responsibility. While the device keeps your coins securely, you are only told the passcode (seed phrase) once when setting up the wallet. If you forget it, you may lose access forever.

Over the past year or 18 months, many crypto wallet providers have improved their user interfaces and products to create a more user-friendly experience, given how difficult the onboarding process has historically been in this sector.

In December 2022, Ledger, a security-focused firm that sells crypto hardware wallets, partnered with Tony Fadell, the designer behind the iPod, in hopes of creating an easier, more accessible way for users to secure their crypto assets.

“Our team has spent literally thousands of hours developing our user experience,” Żák said. “We have conducted extensive research and focus groups with a crypto novice audience to inform the development of our new products.”

Trezor Safe 3 aims to make crypto wallets easier to use

The Trezor Safe 3 retails for $79 and is available in four colors – gold, rose gold, silver, and black – with a 0.96″ monochromatic OLED screen and a two-button pad.

The wallet supports major cryptocurrencies like Bitcoin and Ethereum, as well as over 7,000 other tokens. It can be integrated with Trezor’s desktop application, which helps users manage their cryptocurrencies on its platform. According to Trezor’s website, the product also has a tamper-resistant hardware component to provide additional security in real life and can operate in conditions ranging from negative 4°F to 140°F.

Trezor Safe 3 Crypto Wallet in four colors – gold, rose gold, silver and black

Image Credit: Safe (Opens in a new window)

The Trezor Safe 3 weighs just half an ounce and comes in an iPhone-sized box, which includes the wallet, a USB-C charging cable, some branded stickers, and a pamphlet explaining how to set it up along with two papers . card so you can write your 12-word recovery phrase, also known as a seed phrase, which gives you access to your device’s properties.

It’s important to remember that for any crypto wallet you have you write down your recovery phrase on a piece of paper – not online – and store it in a safe place so that no one else has access to it. Recovery seeds are randomly generated words created by the wallet that allow you to recover and access your funds; Treat it like a password that you can’t forget because you can’t reset it.

In addition to celebrating its 10th anniversary, Trezor Safe 3 also launched to celebrate that it has released a limited edition Bitcoin-focused hardware wallet that runs entirely on Bitcoin firmware and comes only in “Bitcoin Orange” color. is available. Only 2,013 devices were being sold at the same price, and according to the company’s X account, they sold out within a day.

Inside the orange-themed packaging is a quote from Bitcoin’s pseudonymous creator, Satoshi Nakamoto, saying, “If you don’t or won’t believe me, I’ll have time to try to convince you.” No, sorry.”

The setup process is very straightforward. First, users need to download and install the Trezor suite, which gives you access to your device’s content from a better interface than the product’s smaller screen. From there they connect their Trezor with a USB cable and set it up online. This will give you the option to create a new wallet or recover one from a backup recovery seed. I went to create a new wallet root.

Trezor gives you the option to perform a standard seed backup or an “Advanced Shamir Backup”, which allows users to recover the wallet by adding a list of words and can be backed up to different locations for added security.

After writing the seed phrase, creating an (optional) PIN, the suite allows you to select a handful of coins to show on their platform, I chose Bitcoin and Ethereum.

From start to finish, the setup process took less than 10 minutes. The company describes itself as easy to use and I agree with that sentiment. However, the ultimate test will be for someone who is unfamiliar with testing it (it’s time for me to get home to see if my non-crypto-native mom can set it up.)

Treasure Keep Metal keeps your seed phrases safe from fire, acid and more

Trezor Keep Metal aims to keep users’ recovery seed phrases safe and has two price points: $99 for a standard 12-word backup and $249 for a 20-word Shamir-compatible Trezor Safe 3 backup.

The package of the Shamir product is 67 ounces, or about four pounds, which is heavy, but the tiny flashlight-sized product is 3.9 inches by 1.4 inches and weighs less than a pound. The standard product package is approximately 1.3 pounds and the actual product is 4.3 inches x 1.2 inches and weighs less than a pound. The weight makes sense – it’s made from “aerospace grade” stainless steel and damage resistant with a black surface treatment.

Image Credit: Safe (Opens in a new window)

The Shamir edition comes with three, 20-word backup devices, and the Standard edition comes with one device to secure a 12-word backup phrase. Both products come with a pre-marking pen to mark the letters before using the punching tool to permanently incorporate the Recovery Seed phrase into the product. It also has tamper-evident stickers with which you can take the product off with step-by-step instructions.

Keep Metal aims to ensure that one’s recovery seed papers are safe in any circumstances with its corrosion-resistant exterior and watertight seal. (I put mine underwater and the inside remained dry.) It also claims to protect against fire, acid, chemical corrosion, extreme temperatures, and other heavy impacts — but I obviously haven’t tested it against those elements. Not going to do it. Reason.

But for $99 or $250 respectively, I’m not sure it’s worth the price for the average person. If you are someone who is prone to losing or damaging a piece of paper as soon as you put it down, this could be good for you. That said, the price point is pretty high for what it does, but I think if you have astronomically high digital asset values ​​in your crypto wallet, the price of the product may seem like a bargain in the big picture. Is.

The products are available for preorder and will ship to the public in mid-November, the company shared in a statement.

The well-known crypto wallet saying, “Not your keys, not your coins,” has been a major theme in the past year following the high-profile implosion of centralized exchanges like FTX, Żák said.

In early December, Ledger’s chief experience officer, Ian Rogers, said the company had its biggest sales day ever, ending its biggest sales week since the collapse of FTX in mid-November 2022, which indicated that The demand for hardware crypto wallets is increasing.

And as the trial continues for FTX co-founder and former CEO Sam Bankman-Fried, more people may be reminded of what happened 11 months ago and may consider securing their digital assets. – If they haven’t already done so.

There has been a significant increase in interest in self-protection of crypto assets with hardware wallets, Zák said. “The reality is that very few people are using hardware wallets today, so we see huge potential for growth for both existing crypto users and new entrants to crypto.”

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