Trezor
Website
- ValidationFull Node
- AnonymityMedium
- Ease of useIntermediate(Lower)
- Supported Coins
- BTC
- LTC
- ETH
- DASH
- BHC
- DOGE
- ZEC
- ERC20
- ETC
- EXP
- UBQ
- XEM
- NMC
Pros & Cons
- Very high security with a trusted brand name in cryptocurrency.
- Supports fifteen different coins
- Users are in control of their own cryptocurrency, and do not have to enter their private key, so it is safe.
- Backed up by seed key, so losing the device doesn’t cause the loss of your cryptocurrency.
- Trezor runs with open-source software.
- You have to pay upfront to buy the hardware device.
- It is not practical to take your Trezor and laptop everywhere you go to pay for things.
- It can be inconvenient to have to find your Trezor every time you wish to transact.
- It can be expensive to transfer Bitcoin between your cold and hot wallets when Bitcoin fees are high.
- No hardware device is impervious to being physically broken, lost, stolen, or becoming corrupted.
Features
Includes a small LCD display for you to verify transaction contents, and contains password manager software to help users keep track of their passwords.
Wallet Info
- Founder(s)
- Pavel Rusnak and Marek Palatinus
- Price
- 89 EUR (currently about £78)
- Private Keys Stored by
- You
- Security
- Excellent
- What it is
A USB device that stores cryptocurrency keys (i.e. a ‘cold’ wallet, as it spends most of its time disconnected from the Internet.
AuthorDavid Nugent
David is a forex trader and writer who has spent the last few years giving his opinion and spreading news about oncoming markets and trading tips. Besides from being a trader he is also a lifelong Everton fan and enjoys spending free time watching his beloved team in the premier league.
