In a move aimed at helping diverse crowds enter the cryptocurrency space, Trezor has unveiled three innovative products. These releases coincide with the 10th anniversary of the introduction of the first Bitcoin hardware wallet by the company, a move that depicts its plans to make self-custody more accessible.
The product assortment includes:
- Trezor Safe 3, a secure and easy-to-use hardware wallet available in four distinct colours;
- Trezor Keep Metal, which features a powerful recovery seed backup solution;
- Trezor Safe 3 Bitcoin Only, a limited edition Bitcoin-only model designed exclusively for the original major cryptocurrencies.
New Tresor products
According to the advertisement shared with CryptoPotatothe Czech company behind the world’s first Bitcoin hardware wallet, its new Trezor Safe 3 hardware wallet is designed to meet the diverse needs of cryptocurrency users and offers an attractive, user-friendly design.
It introduces a secure element, a tamper-resistant hardware component that enhances security, especially if the device is lost. Combined with a strong passphrase that is not stored on the device, it provides ultimate protection for users’ cryptocurrency holdings.
The company chose a secure, third-party vendor, allowing it to publicize any potential security vulnerabilities discovered. The device integrates seamlessly with the Trezor Suite desktop application, providing a comprehensive solution for digital asset management, including buying, selling, exchanging and custody of cryptocurrencies.
Trezor Safe 3 supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, and over 7,000 other coins. Its price is 79 euros / 79 dollars.
On the other hand, Trezor Keep Metal addresses the crucial aspect of protecting the seeds of recovery. If a Trezor hardware wallet is lost or stolen, a recovery seed, a unique string of words generated during initial registration, can restore access to the wallet. Trezor Keep Metal provides protection against fire, water, corrosion and impacts, making it a reliable and durable solution for recovery seed support.
This product is suitable for standard 12-word and 24-word backups, with options available for €99/$99. It also supports Shamir backup, making it an ideal security solution for Shamir-compatible Trezor Safe 3. The version that caters to Shamir’s 3 x 20 word backups is priced at €249/$249.
These devices are available for pre-order and will ship in mid-November.
Increased calls for self-custody
Last year’s FTX collapse forced consumers to rush to self-custodial solutions to protect their digital assets. In addition to Trezor, hardware wallet provider Ledger has also seen huge sales amid dwindling confidence in custodians.
It was Sunday @ArbitrageBiggest sales day ever
Amid FTX’s collapse, last week was the company’s biggest sales week ever
– @iancr Ledger’s chief experience officer told TechCrunch
– Jacqueline Melinek (@jacqmelinek) November 14, 2022
Trezor CEO Matej Schak also emphasized the growing importance of self-governance in the space, especially as the number of cryptocurrency owners continues to rise. He pointed to the risks associated with centralized exchanges and stressed the importance of owning and protecting crypto assets.
“Events over the past year or so have demonstrated the risks people take when entrusting their cryptocurrency custody to centralized exchanges. We have seen time and time again the truth of ‘not your keys, not your coins.’”
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