Trezor wallet is the prominent name in the world of cryptocurrency security, created by Satoshi Labs in 2014. Based out at Prague, Czech Republic, with Matej Zak as the CEO; offered in two variants – Model One and Model T – these wallets are protected against unauthorized access through a 50-digit pin. Having an offline storage capability, Trezor stores private keys offline keeping them in safe distance from online security threats.
The supported coins depend upon the model. Model One caters to 1,289 cryptocurrencies, while Model T is advanced so as to support around 1,456 coins. To ensure more transparency, users are allowed to review and test the software with third parties. The application supported by Trezor – desktop, browser extension, or future Android version – cater to a range of activities, from buying, selling, trading tostaking through Model T. For the same, third party software is used. Also, unlike other wallets, it generates16 word seed phrases.
Both models come with a PIN phrase to unlock the device, Model T catering toa two-factor authentication with another device, whereas Model One caters to being multi-signature secure,to be authorized by more than one key. Supporting 1400 coins, togetherwith Ethereum, Bitcoin and other major altcoins, they encompass most day-to-day cryptocurrency needs. Costing are as follows- Model T costs higher when compared to the Model One with value at $70. Withthe latter, 200 coins are offered and Model T has an upcoming Android app with integrated Bluetooth capabilities.
For enhanced safety, additional passphrases can be created securely and published updatesfollow an organised route. Easy setup process,intuitive navigation, clear displayfor transaction verification, user-friendly interface are the auxiliary services thatTrezor offers its loyal followers.
