Cryptocurrency Wallet Review: Trezor Hardware Wallet

The Trezor hardware wallet is considered by many to be the most secure hardware wallet on the market. If you’re unfamiliar with cryptocurrency wallets, there are two types of wallets you can store your cryptocurrencies on: Hot wallets and hardware wallets.

Hot wallets are wallets that store cryptocurrencies in a secure online database. Hardware wallets are used to store a users private keys on a hardware device. Hardware wallets have a few security advantages over hot wallets. Their private keys are often stored in a protected area of a microcontroller, and cannot be transferred out of the device in plaintext, which is great for security. They’re immune to computer viruses that steal from software wallets, and they’re open-source.

Trezor Overview

Trezor is a USB-connectable hardware wallet that can store, send, and receive your digital currencies. This hardware wallet keeps private keys on its device and signs transactions through hooking it up via USB. Here is a video of it getting unboxed to give you a better idea of what it looks like:

Setting it up is a very easy process. One of the easiest ways to initialize the device is through the Trezor chrome extension. Here is a step by step guide on how you can setup your Trezor device.

Coins Trezor Can Store

This hardware wallet can hold Bitcoin, Litecoin, Dash, Zcash, Bitcoin Cash, Bitcoin Gold, Ethereum (+ all ERC-20 tokens), Ethereum Classic, Expanse, UBIQ, NEM, Namecoin, Dogecoin and Bitcoin Testnet.

Design

Trezor is a small, handy and simple hardware wallet that is easy to plug in your PC. The wallet is light and it comes with a small strap that enables you to attach your wallet to. The wallet is also available in black and white. Here is an image of the design layout:

Security 

Trezor has 2-factor authorization, a password manager, and secure admin SSH access. You need to enter a 6 digit pin everytime you want to access your wallet. The 2-factor authorization will safeguard your online accounts and keep your identity secure. The wallet also comes with a password management app. This app allows you to encrypt passwords seperately and sync them to your private cloud. The SSH access will protect access to your servers, data, or website administration.

Purchase A Trezor Wallet

Trezor wallets are extremely affordable. You can get one for around 100 USD. You can purchase one here.

Bulls on Crypto Street is a trading education website dedicated to cryptocurrencies. We teach strategies for swing and day trading cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and other Altcoins. We're at the forefront of this industry and are continuously providing up to date information on each coin, regulations, news, token sales, and much more.

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