Trezor Introduces New Hardware Wallets and Special Edition Bitcoin-Only Device
In an effort to support a wide range of individuals entering the crypto space, Trezor has released a collection of innovative products. These launches coincide with the 10th anniversary of Trezor’s first Bitcoin hardware wallet, demonstrating their commitment to making self-custody more accessible.
The product lineup includes:
- Trezor Safe 3, a secure and user-friendly hardware wallet available in four unique colors.
- Trezor Keep Metal, which provides a robust recovery seed backup solution.
- Trezor Safe 3 Bitcoin only, a limited edition Bitcoin-only model designed exclusively for the original flagship cryptocurrency.
Trezor’s New Product Offerings
According to an announcement from Trezor, the Czech company behind the world’s first Bitcoin hardware wallet, the new Trezor Safe 3 hardware wallet is designed to meet the diverse needs of crypto users while offering an appealing and easy-to-use design.
The device incorporates a secure element, a tamper-resistant hardware component that enhances security, particularly in the event of device loss. Combined with a strong passphrase stored separately from the device, this offers ultimate protection for users’ crypto assets.
By partnering with a third-party secure element vendor, Trezor is able to address any potential vulnerabilities discovered. The device seamlessly integrates with the Trezor Suite desktop application, providing an all-in-one solution for managing digital assets, including buying, selling, exchanging, and storing crypto.
The Trezor Safe 3 supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, and over 7,000 other coins. It is priced at €79 / $79.
The Trezor Keep Metal focuses on the essential aspect of safeguarding the recovery seed. In the event of a lost or stolen Trezor hardware wallet, the recovery seed, a unique string of words generated during the initial setup, can be used to restore access to the wallet. Trezor Keep Metal provides protection against fire, water, corrosion, and impacts, making it a reliable and durable solution for backing up recovery seeds.
This product is compatible with 12-word and 24-word standard backups, with pricing starting at €99 / $99. It also supports Shamir backup, making it an ideal security solution for Trezor Safe 3 users. The version that supports 3 x 20-word Shamir backup is priced at €249 / $249.
These devices are currently available for pre-order and will be shipped in mid-November.
Increasing Demand for Self Custody
Last year’s collapse of FTX prompted individuals to seek self-custody solutions to protect their digital assets. Alongside Trezor, hardware wallet provider Ledger also experienced a surge in sales as trust in custodians diminished.
Sunday was @Ledger’s biggest sales day ever
And amid the FTX collapse, last week was the company’s biggest sales week ever
– @iancr chief experience officer at Ledger said to TechCrunch
— Jacquelyn Melinek (@jacqmelinek) November 14, 2022
Matěj Žák, CEO of Trezor, emphasized the growing importance of self-custody in the space, especially as the number of crypto owners continues to rise. He highlighted the risks associated with centralized exchanges and stressed the significance of owning and securing one’s crypto assets.
“Events over the last year or so have demonstrated the risks people are taking when they entrust the custody of their cryptocurrencies to centralized exchanges. Time and again, we’ve seen the reality of ‘not your keys, not your coins’ play out.”
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