Trezor Introduces New Crypto Hardware Wallets to Promote Self-Custody
Crypto hardware wallet manufacturer Trezor has released three new products aimed at encouraging individuals to take custody of their digital assets. The lineup includes the Trezor Safe 3 hardware wallet, a limited edition bitcoin-only version, and the Trezor Keep Metal for recovery seed backup.
Trezor Safe 3: Secure Your Digital Assets
The Trezor Safe 3 hardware wallet is available in four colors and priced at $79. It integrates with the Trezor Suite desktop application, providing a secure platform for buying, selling, and exchanging assets. The wallet supports over 7,000 coins and tokens, including bitcoin and ether.
For enhanced security, the Trezor Safe 3 features a tamper-resistant secure element that protects against physical attacks. Unlike its competitor Ledger, Trezor devices are open-source, enabling faster vulnerability detection and fixes through community auditing. However, this openness may also make them more susceptible to cracking if stolen.
Bitcoin-Only Edition: Commemorating 10 Years of Trezor
In celebration of its 10th anniversary, Trezor has created a limited edition bitcoin-only version of the Safe 3. Only 2,013 units will be produced, with €21 ($22) from each sale donated to the Trezor Academy for Bitcoin education.
Trezor Keep Metal: Protect Your Recovery Seed
The Trezor Keep Metal is a backup solution crafted from aerospace-grade stainless steel. It offers resistance to fire, water, and corrosion to safeguard recovery seeds. Available for both 12-word and 24-word backups, it is priced at $99. It is also compatible with the advanced 2-of-3 Shamir split recovery seed backup scheme for the Trezor Safe 3, priced at $249.
A recovery seed, also known as a seed phrase or backup phrase, is a series of words generated during wallet setup. It serves as a backup method to restore access to funds if the wallet is lost.
Embracing Self-Custody for Crypto Security
Trezor’s CEO, Matěj Žák, emphasized the importance of self-custody in the rapidly growing crypto space. With events like FTX’s collapse highlighting the risks of centralized exchanges, owning and safeguarding one’s crypto assets has become crucial. Trezor aims to provide security and peace of mind to both newcomers and experienced users through its new devices.
Hot Take: Trezor Empowers Crypto Owners with New Hardware Wallets
Trezor’s latest product lineup demonstrates its commitment to promoting self-custody and secure management of digital assets. With the Trezor Safe 3 hardware wallet, users can securely store and trade a wide range of cryptocurrencies. The limited edition bitcoin-only version adds a special touch to commemorate Trezor’s milestone. Additionally, the Trezor Keep Metal offers a robust backup solution for recovery seeds. These new products cater to both beginners and experienced users, making self-custody more accessible and less intimidating. By prioritizing security and empowering individuals to take control of their crypto, Trezor is paving the way for wider adoption in the future.
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