Trezor, the pioneer of hardware wallets for cryptocurrency storage, recently unveiled a range of products to offer enhanced security to investors. Between a new hardware wallet and a recovery phrase storage solution, let’s decipher this announcement from Trezor.
Trezor launches a new product
As is often the case, conferences dedicated to the cryptocurrency industry are an opportunity for companies to unveil new products. At Bitcoin Amsterdam, a major event dedicated to Bitcoin in the Dutch capital, physical wallet provider Trezor announced the launch of a new range of products for investors.
Presented this Thursday, October 12 by the Trezor team, it includes the Trezor Safe 3, a secure hardware wallet, the Trezor Keep Metal, a backup solution for recovery phrases, as well as the Trezor Safe 3 Bitcoin Only, a wallet dedicated solely to Bitcoin to mark the company’s 10th anniversary.
Trezor Safe 3 – The next generation of Trezor hardware wallets is here!
– Effortless crypto security
– Affordable, user-friendly, ultra-secure
– Hardware wallet for everyone pic.twitter.com/k8BKn5lpm2– Trezor (@Trezor) October 12, 2023
This announcement comes at a time when securing digital assets has become a priority for the majority of investors, as Trezor CEO Matěj Žák explains:
“Events over the past year have demonstrated the risks people are taking by entrusting the safekeeping of their cryptocurrencies to centralized platforms. Once again, we’ve seen the reality of “not your keys, not your coins” come to fruition. “
After going through periods of crisis, marked by bankruptcies of centralized exchange platforms or hacks of decentralized finance protocols, it’s only natural to want to get back to basics and regain control of one’s digital assets.
Trezor: security first!
Trezor Safe 3 is presented as a response to the needs of all players in the cryptocurrency world, whether beginners or experienced investors.
Unlike the brand’s previous versions, this hardware wallet embeds a new layer of security thanks to hardware deemed “tamper-proof”. This offers additional protection against physical attacks should users lose their device.
As a nod to recent competitor news, the release insists that this physical security is reinforced by a robust recovery phrase, which is never stored within the device.
The Trezor Safe 3 supports Bitcoin (BTC), Ether (ETH) and over 7,000 other cryptocurrencies. Available in four different colored models, this new hardware wallet is priced at 79 euros. What’s more, to mark the brand’s 10th anniversary, it will be available in a limited version supporting only Bitcoin.
“We understand that self-custody can be intimidating, especially for novice investors. That’s why we’ve designed these new wallets and backup solution with beginners in mind. “
As Matěj Žák explains once again, the ambition was to address the concerns of investors, especially beginners.
Among these, conversation over the duration of their recovery phrase is a real headache, hence the introduction of the Trezor Keep Metal. Made from high-grade stainless steel, this accessory is resistant to corrosion, water and the ravages of time.
