Trezor is a cold storage wallet or hardware wallet (offline storage wallet) released in August 2014 by SatoshiLabs .
Trezor Wallet is the world's first Bitcoin wallet similar to Ledger Nano S , it provides cold storage to ensure the safety of your digital assets.
Some virtual currencies that Trezor supports are: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Dashcoin (DASH), Dogecoin (DOGE),..
Trezor cold wallet has the size and shape of a USB, can be connected to a personal computer very conveniently, you can completely carry it with you instead of a keychain.
Trezor stores your Bitcoin private keys offline, meaning they are isolated from the internet, making them immune to hackers and even malware on your computer.
Features of Trezor hardware wallet
Support many coins : As mentioned above, Trezor wallet supports many digital currencies such as: BTC , BCH , LTC , DASH , ZEC , DOGE , ETC ,.. and other Altcoins.
Quick installation : With Bitcoin Trezor wallet, it only takes 15 - 20 minutes to install.
Easy to use : Trezor is very easy to use, you only need basic computer knowledge to install and start storing your coins
Password Manager : Trezor offers a powerful password manager. Passwords are encrypted and synced to your private cloud.
SSH Security : You can protect access to your server, data, and admin pages with SSH
2-Factor Authentication (2FA) : You can also protect your assets by setting up 2-factor security
Sign in and encrypt with GPG : Trezor will encrypt any document or email you create with GPG.
SMS Verification : Verify login via SMS, meaning that every time you log in, Trezor's system will send you a code via SMS used to log in to the wallet.
Wallet Backup : Trezor allows you to backup your wallet, during the installation process Trezor will allow you to create a recovery string, if you accidentally lose your wallet, you can use this string to restore your wallet and of course all assets remain intact.
Trezor is safe and secure, and can be recovered if lost.
Trezor cold storage wallet specifications
CPU : ARM Cortex M3 processor at 120 MHz
Screen : OLX 128X64 pixels
Supported operating systems : Windows, Mac, Linux, Android.
Size : 60 x 30 x 6 (mm)
Weight : 12g (0.42oz)
Connection : Micro USD to desktop or phone
Ideal working temperature : minimum 20 degrees C and maximum 60 degrees C.
Where to buy and sell Trezor cold wallet?
Currently in Vietnam, I have not seen any unit or individual selling genuine Trezor wallets, so to buy a Trezor hardware wallet, you can buy it directly on the company's official website shop.trezor.io for 89 USD (about more than 2 million) or buy it on www.amazon.com for the same price.
Trezor Cold Wallet User Guide
Accessories when buying Trezor cold wallet
After you purchase a Trezor wallet , the box will contain the following accessories:
Trezor Hardware Wallet
A piece of paper used to write down the Trezor wallet recovery code (Recovery)
Trezor Wallet Strap
Trezor Wallet Setup and Usage Guide
Micro USB cable to connect Trezor to computer
Accessories when buying Trezor cold wallet
Step 1: Connect Trezor to your computer
You proceed to connect the Trezor wallet to your computer using a USB cable. After connecting, the Trezor wallet screen will display a lock icon and a command asking you to access trezor.io/start, but you do not need to access it, continue to step 2.
Connect Trezor to your computer
Step 2: Install Trezor wallet
Go to https://wallet.trezor.io/ and download the Trezor extension for Chrome browser (if you use Mac or Linux, choose below) the purpose is to let your Trezor wallet connect to Trezor's server.
Click on “ Install Extension ” => click “ Add extension ”
Download Trezor wallet extension for Chrome
Next you will name the Trezor device , you enter any name.
Name your Trezor device
Step 3: Set up a PIN for your Trezor wallet
Setting up a PIN for your Trezor can be a little confusing at first, but once you get the hang of it, it’s easy. Don’t rush into entering it, read through the small steps below and then re-enter it to avoid making mistakes.
At this time, the screen will display 9 boxes as shown below:
Set PIN for Trezor wallet
Correspondingly, on your Trezor wallet , 9 boxes with 9 random numbers will appear. Pay attention to the "position" of each number.
Trezor PIN Code
Now for example you want to set your PIN code to “ 6789 ”. On the computer screen, you will type click on the positions corresponding to the positions of these numbers in your Trezor wallet. Then press “ Enter ”
Enter your PIN and press Enter
The system will then ask you to enter it again to confirm your PIN.
Step 4: Write down the wallet recovery strings
At this time, your Trezor wallet screen will display random strings of characters. You need to write down these characters on the " Recovery paper above " in case you lose your wallet or have an error. You will use these 24 strings of characters to recover your wallet. By pressing the "right" button on the Trezor wallet device to switch to other strings of characters, keep doing this until all 24 strings of characters are written down.
Record the wallet recovery strings
After writing all 24 characters, press the Trezor's “right” button again to complete the wallet setup process.
Step 5: Log in to Trezor wallet
Ok. On the computer browser screen, enter the PIN code set in step 3 to log in to the Trezor wallet management system.
How to use Trezor cold wallet
How to use Trezor cold walletYou will be redirected to the Trezor wallet management interface as shown below:
Basic information in Trezor wallet administration
Some basic features of Trezor wallet:
Number 1 : Where you can choose e-wallets of different coins: Bitcoin, Bitcoin Cash, Dash, Litecoin, Zcash, Ethereum, Ethereum Classic,..
Number 2 : Customize the main screen of your Trezor wallet
Number 3 : Where to set up security for Trezor cold wallet such as password, PIN code. You can delete all information on your Trezor device here.
Number 4 : Edit basic device settings, such as changing the PIN code
Number 5 : Lock the Trezor device
Number 6 : Erase the Trezor device
Number 7 : Change currency
Number 8 : Connect Trezor wallet to Dropbox
Number 9 : Add new account
Number 10 : Add old accounts before Segwit
How to receive Bitcoin, Ethereum,.. on Trezor wallet
To receive Bitcoin, Ethereum, Litecoin,.. or any other virtual currency on Trezor wallet is quite simple, you just need to get the wallet address of that coin and give it to the sender. Here I will take Bitcoin as an example.
You click on “ Wallet ” on the menu => select “ Receive ” => select “ Account #1 (0.00BTC) ” => you will see the Bitcoin wallet address on your Trezor in the “ Address ” box. You copy this BTC address and give it to the sender so they can transfer BTC to you.
Receive funds on Trezor wallet
After the sender transfers BTC to you, the " Transactions " section will show that the BTC transaction is in " Unconfirmed " status, meaning it has not been confirmed.
Status unconfirmed
You will need to wait about 15 minutes or if the transaction is a large amount of BTC, you will have to wait longer. When the transaction is confirmed, the word " Unconfirmed " will be lost and replaced with the date and time as shown below and the Bitcoin is officially yours.
Confirmed Bitcoin is yours
Note : With Ethereum, Trezor wallet does not manage directly but will be linked to another party, MyEtherWallet. You will need to transfer to MyEtherWallet and perform some operations to cold store ETH on Trezor . I will guide you in another article because it is a bit long.
How to send Bitcoin from Trezor wallet to someone else
Step 1 : To send Bitcoin to someone else, select the " Send " tab and you will see the following interface:
Send BTC from Trezor to someone else
Step 2 : Enter the transaction information to send BTC:
Address : Recipient's BTC wallet address
Comment : Money transfer content, you fill in as you like
Amount : The amount of BTC you want to send, click the up arrow to send all the BTC in your Trezor wallet
Once you have finished entering, click the “ Send ” button to start sending.
Step 3 : Confirm the transaction: Now you need to confirm the BTC deposit transaction on your Trezor device. Check the BTC amount and transaction address to see if they are correct, if they are correct, press the “ Confirm ” button on the right. If they are incorrect or you find someone transferring money from your Trezor wallet , press the “ Cancel ” button on the left.
Confirm BTC send transaction on Trezor wallet
After you confirm the BTC transaction, the Trezor wallet will display your BTC amount and transaction fee. You continue to press “ Confirm ” again to complete your BTC sending transaction.
Confirm transaction 2
After sending BTC in “ Transactions ” section will show the status of your sending transaction.
Status of your BTC deposit transaction on Trezor
Conclusion
Ok. Above is the article " Instructions for installing and using Trezor wallet - Hardware wallet to store BTC, BCH, ETH, LTC,.. " hopefully it will help you have another option to store cryptocurrency safely and conveniently.