Trezor, a crypto hardware wallet company, has recently unveiled its flagship device, the Trezor Safe 5 (TS5), designed for crypto storage.
According to Tezos, the TS5 is available in a Bitcoin-only version and boasts enhanced security features, a haptic color touchscreen, and improved backup. It is also available in a variety of finishes.
Trezor CEO Matěj Žák, the event’s focal point at BTC Prague, unveiled various products, including the new product. The wallet is priced at $169.
“For numerous individuals, their crypto journeys commence on centralized exchanges before they progress to independently storing their crypto on hardware wallets,” stated Žák.
‘We’ve seen this play out many times after the collapse of high-profile exchanges when our sales suddenly spike. But newcomers to hardware wallets sometimes lack experience, knowledge and confidence in setting up hardware wallets – turning to social media and internet research to help them through the process. We wanted to give customers access to personalised guidance from a trusted, reputable brand recognised for its commitment to security,” added Žák.
Trezor Expert has been introduced for self-custody
Trezor also introduced Trezor Expert, a service facilitating the transition to self-custody.
Trezor Expert is designed to assist customers in the proper configuration of their hardware wallets.
It enables them to delve deeper into the security implications of self-custody by addressing topics such as private key management and secure online practices, as per Žák.
June 2024’s Top Cryptocurrency Wallets
The realm of cryptocurrency can be difficult to navigate. It becomes imperative to maintain secure digital currency storage. Trezor has proved to be an exceedingly popular wallet. In June 2024, the following will be a compilation of the most exceptional cryptocurrency purses:.
Known for its security features, Trezor is a trendy wallet listed at number 10. Trezors are cold wallets that store your private keys offline, substantially reducing online hacking risk.
Advanced security features, such as secure element protection and support for multi-factor authentication (MFA) and multi-signature transactions, are included in the most recent models, such as the Trezor Model T.
Trezor wallets can support more than 1,800 cryptocurrencies, including popular ones such as Bitcoin, Ethereum, and Litecoin, as well as numerous ERC-20 tokens.
The Trezor Suite application, which is accessible on both desktop and web browsers, offers a comprehensive platform for managing your crypto assets. It encompasses tools for portfolio tracking, market analysis, and features for purchasing, selling, and swapping cryptos.
Additionally, the wallet provides a secure recovery process that employs a 24-word seed phrase. This is crucial for regaining access to your funds in case of a device loss. In addition, the Model T provides a MicroSD card as an additional security measure.
Trezor can be integrated with third-party applications such as MetaMask and Exodus to facilitate the administration of NFTs and staking.