Trezor Unveils Easier Crypto Wallet

Trezor intends to address the burden of holding the private key that self-custody poses by implementing a dedicated onboarding division and new wallets.

Trezor, a prominent hardware cryptocurrency wallet company, has implemented a new hardware wallet and a devoted onboarding service to address the usability issue in the cryptocurrency industry.

Trezor has officially announced the launch of Trezor Expert, a personalized one-on-one onboarding service. The service is an online session designed to provide users with additional assistance from Trezor Expert specialists to guarantee that their self-custodial crypto wallet is configured securely and correctly.

The development of self-custodial — or non-custodial — wallets is significantly influenced by their usability and other critical components such as privacy and security.

Safe self-custody at the cost of trusted knowledge

This contrasts with a custodial crypto wallet or the actual access to Bitcoin. This is in contrast to entrusting the key to an entity such as Coinbase, which offers its advantages at the expense of not being the actual proprietor of the cryptocurrency.

With Trezor Expert, the hardware wallet company endeavors to disseminate its crypto expertise as users embark on their crypto self-custody voyage and alleviate their apprehensions regarding potential errors. The Trezor Expert session costs $99 and can be acquired through the official Trezor website.

Trezor CEO Matej Zak announced at the BTC Prague 2024 event that Trezor Expert was officially launched on June 14, following a temporary beta launch.

“Trezor Expert not only assists our customers in correctly configuring their hardware wallets, but it also allows them to delve deeper into the security considerations of self-custody by addressing topics such as private key management and safe online practices,” Zak stated.

“For the past three years, we have contemplated this particular service.” Zak told Cointelegraph, “And it was only now that we had the internal capacity and energy to do it.”

Each Trezor wallet caters to a distinct demographic

Onstage, the CEO also disclosed the public release of Trezor’s latest hardware wallet, the Trezor Safe 5.

The new device has enhanced security features, including a Trezor Touch haptic engine, a color touchscreen, and more advanced hardware, including an EAL 6+ certified secure element.

The new wallet also introduces a new recovery seed backup procedure that includes 20 words instead of the default standard of 12 or 24 words in the seed phrase or private key. The process substantially improves from a conventional single-share backup to an advanced multi-share Shamir backup. This backup design offers secure access to the wallet in case of a private critical loss by disseminating multiple private vital shares.

Trezor Safe 5 is the latest addition to the Trezor Safe product family, which has already seen the release of up to three distinct Trezor wallets since the company’s inception in 2013.

Trezor Model One, Trezor Model T, and Trezor Safe 3 comprise the earliest versions. Zak asserts that Trezor wallets are all intact products that cater to distinct user requirements and are designed to meet the demands of different individuals.

Trezor Safe 5 is the hardware wallet that the CEO believes is the “ultimate hardware wallet for crypto users looking for everyday utility” and the “highest level of security and effortless usability.” Trezor Safe 5 is promptly available for preorder at a retail price of $169.

Trezor also introduced a new Bitcoin-only option that eliminates non-Bitcoin features and code, thereby guaranteeing a Bitcoin-only experience. Trezor will now provide a general sale of an unlimited edition of the Trezor Safe 3 and Trezor Safe five wallets, which are exclusively designed for Bitcoin.

According to Trezor CEO Zak, there are no security distinctions between a Trezor wallet that exclusively supports Bitcoin and one that supports altcoins, as reported by Cointelegraph.

“The security is identical because we ensure that all devices are exceedingly secure.” He stated, “I believe the sole distinction is that Bitcoin maximalists are opposed to the presence of other items on their wallets.”