March 28, 2024
Trezor Launches Hardware Wallet with Metal Private Key Backup
Latest Cryptocurrency News

Trezor Launches Hardware Wallet with Metal Private Key Backup

Trezor, a prominent supplier of hardware cryptocurrency wallets, is celebrating its 10th anniversary by launching three self-custody products. These offerings include a new Trezor wallet, a proprietary private key backup solution, and a Bitcoin-only wallet.

The Czech Republic-based company officially unveiled the Trezor Safe 3, a state-of-the-art hardware wallet supporting over 7,000 cryptocurrencies, on October 12. This marks a significant milestone in Trezor’s provision of entry-level hardware wallets. It’s been almost five years since the introduction of the Trezor Model T in February 2018. The Trezor Safe 3, priced at $79, is available in four colors: solar gold, stellar silver, galactic rose, and cosmic black. Importantly, this new wallet adheres to Trezor’s commitment to open-source development, utilizing open-source principles in its security component. They’ve opted for a third-party secure element vendor, allowing them to disclose any potential vulnerabilities they may discover.

In addition to the Trezor Safe 3, Trezor has introduced its own physical private key storage solution, the Trezor Keep Metal. It’s well-acknowledged that the safety of a seed phrase or private key is more crucial than the safety of the hardware wallet itself, as it enables users to regain access even if the hardware wallet is lost or damaged. Trezor Keep Metal closely resembles other physical backup solutions available, ensuring users can safeguard their recovery information against fire, water, acids, and impacts. Crafted from corrosion-resistant stainless steel and featuring a watertight seal, this backup tool provides added security.

According to Trezor CEO Matej Zak, Trezor Keep Metal is a significant addition to their commitment to enhancing usability to promote global crypto adoption. Zak explained its user-friendly nature, saying, “It is very easy to use in the way that it is because all the other solutions usually have some kind of conversion so that you need some numbering system against the word. Whereas here, it’s very intuitive in a way that you just punch in the actual letter from the word onto the steel.” The Trezor Keep Metal is available for $99 and enables users to store 12-word and 24-word standard backups. There’s also a version catering to three 20-word Shamir backups, which is priced at $249.

Lastly, to mark its 10th anniversary, Trezor has released a Bitcoin-only hardware wallet in a limited edition of only 2,013 devices. In recognition of Bitcoin’s ability to empower individuals in underprivileged and marginalized communities, Trezor will donate $21 from each sale to support the Trezor Academy, a Bitcoin education initiative.

Founded in 2013, Trezor stands as one of the largest global providers of hardware wallets, enabling users to securely store cryptocurrencies like Bitcoin. Their first wallet, the Trezor One, was introduced in 2014 and remains available, offering essential functionality for the long-term storage of multiple coins.

Image by master1305 on Freepik

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