TREZOR is a single purpose device which allows you to make secure Bitcoin transactions. With TREZOR, transactions are completely safe even when initiated on a compromised or vulnerable computer. Because the use of TREZOR is very easy and intuitive we believe it will help Bitcoin adoption among people not familiar with the security issues..
What You Get In The Box
Things You Should Know About Trezor
Trezor is the very first hardware wallet launched in August 2014 created by Satoshi Labs. TREZOR is used to hold the private keys to cryptocurrencies. TREZOR has been embraced by users in almost 100 countries and continues to receive excellent reviews from renowned security experts.
Before you start using a device, you will need to download a Chrome Extension. You just have to connect TREZOR to your computer through the Micro-USB to USB cable provided in the box. The setup is very easy and quick. TREZOR requires a PIN to setup and is used for every transaction. You also need to write down the recovery seed information on the recovery sheet again provide in the box. I am not going to cover the setup here as it is provided on Satoshi Lab’s Website in detail.
TREZOR provides top-notch security to your cryptocurrencies against theft. A PIN is required to be set at the time of initialization and will be used at the time of every transaction. The numbers displayed on the TREZOR’s screen when it requests a new PIN are in a random order. After setting up the PIN you will be asked to setup the recovery seed. The recovery phrases will always be shown on the device itself and not on the computer.This seed will be used if your TREZOR is lost or stolen. So it is very important to write the seed on the recovery seed sheet and keep it in the safe zone.
TREZOR’s security model is based on the principle of zero trust. The zero trust principle says that any part of a secure system could at some point be compromised. Your TREZOR device will continue to protect your bitcoins even in the case that the TREZOR Wallet is hacked and your computer is infected by a virus.
The TREZOR also has no battery. When it’s unplugged it’s off and your bitcoins are safe from cyber attack. The private keys never leave the Trezor device and are securely stored offline and thus no tampering is possible. TREZOR supports Multi-passphrase encryption (hidden wallets). In order to do this all you need to do is setup your TREZOR with a passphrase, then unplug and replug your TREZOR and enter a different passphrase. It also has an app called as Password Manager, which can be activated with the single click of a button.
TREZOR is a small device which can be attached as a key chain and weighs just half an ounce. It runs on 120 MHz ARM Cortex M3 CPU. It has 3.12” OLED screen display. This screen allows you to confirm that you’re sending the bitcoins to the intended recipient. TREZOR’s buttons also ensure that a hacker cannot send bitcoins from your device. The button must be physically pressed in order to confirm each outgoing transaction. It supports Bitcoin, Litecoin, Ethereum, ZCash, Namecoin, Dogecoin and Dash.
If you lose your TREZOR or if your TREZOR somehow gets destroyed, you may have to recover your accounts. So long as your recovery sheet is intact, your bitcoins are safe and sound. You will need a new or wiped TREZOR device and a recovery sheet to recover your bitcoins. There is also an Advance Recovery process which can be used if you do not want to use the standard recovery process. Advanced Recovery completely obfuscates the letters entered on the computer. Instead of writing whole words in a shuffled order, you will be inputting individual letters on the PIN-pad in a regular order. The computer will never know what letter is being entered, as the layout of the PIN-pad constantly changes. This process takes little bit more time as compared with the standard recovery process.
TREZOR is the most secure and most ubiquitous hardware wallet in the world. It uses cutting-edge cryptography to protect digital money and any valuable online assets such as passwords. Many people love TREZOR because of its ease of use and the small size as it makes super easy to carry with you.
|Ease Of Use:||(4 / 5)|
|Security:||(4.8 / 5)|
|Design:||(4.5 / 5)|
|Features:||(4.8 / 5)|
|Size:||(4.5 / 5)|
Overall Rating: 4.52 – GOOD
Pros and Cons of TREZOR
1) The display helps to validate each transaction. And the buttons add protection against hackers as confirmation of any transaction must go through an input on the device, via the confirmation button, or the transaction will not take place.
2) A wide range of compatible applications and wallets.
3) Password Manager feature replaces the vulnerable master password.
4) With Advanced Security Mechanism, TREZOR makes a truly super secured Bitcoin wallet.
1) PIN Process. It surely adds more security. But some users may feel this as complicated at times. You must re-enter your every digit of your PIN using an obscured keypad every time you plug in the Trezor.