Released in 2014, the TREZOR marked the origin of the Bitcoin hardware wallet. Provided by Satoshi Labs, the TREZOR could not only keep Bitcoin independently of your computer, but could do so while preserving the functionality of a traditional web wallet. However, the TREZOR was the ancestor to the many various hardware wallets we now see on the market.
The maturity of the TREZOR is shown in the depth of engineering documentation, community involvement, and third-party compatibility of the device. For these bases, the TREZOR stays one of the most protected or secure ways to hold your Bitcoin.
In the TREZOR package you will find:
o TREZOR device
o A user guide
o Recovery seed booklet
o USB to Micro USB cable
The device itself contains two prominent physical buttons, a 128×64 pixel OLED display, and a micro USB port at its base. Whereas the Ledger Nano is clearly a USB drive, the TREZOR feels much more like a devoted hardware wallet. It suits simply in the small of your hand, and the fact being made of plastic, it still feels really durable. Satoshi Labs has also supplied a TREZOR Metallic, which is created of polished, CNC-milled aluminium.
To enable communication between your TREZOR and your computer, you need to download TREZOR Bridge (this can also be installed as a Chrome Extension). Once finished, you may start utilizing the TREZOR by way of the myTREZOR Web Wallet.
Establishing your wallet on the TREZOR is a fast and straightforward procedure. Like most hardware wallets, this encompasses the creation of a recovery seed and PIN as well. Personal or private keys are only generated once this process has established, and from this point onward, your private keys will never be revealed to any device you access your funds from. This process is the same to that of the Ledger Nano.
The Ledger Nano imposes a safety card for two-factor authentication, while the TREZOR opts for a PIN decoder, which becomes visible on screen every time you need to create a transaction. This works by matching the sequence of generated tiles shown on the TREZOR to your PIN, then enter your PIN on your Web Wallet interface. The advantage of this verification method, along with an analysis of possible safety threats to device, is evaluated in-depth on the TREZOR website.
There is something to be mentioned for the transaction information or details appearing on the TREZOR’s screen itself, and the confirming or cancelling it with the press of a physical button. It’s this tactile feel and control over your funds that creates the higher price of the device well worth it.
The TREZOR marks the origin of the Bitcoin hardware wallet, and today stays one of the most dependable and community-approved devices when safe keeping your digital currency. Although it may not be the latest or modern hardware wallet obtainable today, it is definitely the most tried and tested, offering users a strong sense of control and protection.
The TREZOR (2.0) is now undergoing advancement under the Satoshi Labs, we are truly thrilled to see how this item improves, and the hardware wallet community or industry with it.
- Pros: In-built screen and hardware buttons; A wide range of compatible applications, wallets and websites
- Cons: User experience could be more intuitive