Trezor Unveils New Wallet and Onboarding Help for Newbies

UTC by Mayowa Adebajo · 3 min read
Trezor Unveils New Wallet and Onboarding Help for Newbies
Photo: Trezor

Alongside Trezor Expert, the company has unveiled the Trezor Safe 5, a brand new hardware wallet boasting enhanced security features.

Hardware crypto wallet firm Trezor is looking to address a growing need for simplified self-custody for those who want to take control of their digital assets. To this end, it has launched an onboarding service and a brand-new wallet with both designed for security and user-friendliness.

Trezor Expert: One-on-one Guidance for Crypto Newcomers

In comparison, self-custody wallets, which give users complete control over their assets, are usually more complex to use than custodial wallets offered by exchanges. However, Trezor Expert is aiming to bridge that gap by providing one-on-one online sessions. This affords users the opportunity to connect with Trezor specialists for step-by-step guidance on setting up their wallet securely. The $99 service offers peace of mind and ensures that users start their self-custody journey in the best way possible.

In a statement at the BTC Prague 2024 event, Trezor CEO Matej Zak hailed the efforts that went into the Trezor Expert offering. Zak claimed that it took the company over three years to have the capacity to develop its specifics. About the benefits of the new product to customers, however, he noted:

“It gives them the opportunity to explore the security considerations of self-custody in more detail as they cover topics such as private key management and safe online practices.”

Security and Usability Issues Also Addressed with New Wallet

Alongside Trezor Expert, the company also unveiled the Trezor Safe 5, a brand new hardware wallet that boasts improved security features. This includes a more sophisticated EAL 6+ certified secure element chip and a user-friendly design featuring a colour touchscreen and haptic feedback. It also comes with a Gorilla-Glass surface that protects devices from scratches and damage.

The Trezor Safe 5 also introduces a major upgrade in its recovery seed backup process. It would require a 20-word Shamir backup system, which offers multiple “shares” of the private key for secure retrieval in case of loss. This advanced multi-share backup is a major step up from the standard single-seed backup process it formerly employed.

Notably, the Trezor Safe 5 joins a growing list of Trezor wallets that each cater to specific needs. From the original Trezor Model One to the more recent Trezor Model T, Trezor offers various hardware wallets tailored to meet the preferences of various users.

According to the company, Trezor Safe 5 is the “ultimate hardware wallet” for daily crypto management. It is available for preorder at $169 and would be invaluable to users who have made both security and user-friendliness their priorities.

Meanwhile, Trezor has further expanded its offerings with a Bitcoin-only version of both the Trezor Safe 3 and Trezor Safe 5 wallets. Although only available to a few random customers, the option removes all non-Bitcoin functionalities. Expectedly, this offering is a welcome experience, particularly for Bitcoin purists – those who believe in no other crypto asset except for Bitcoin. However,  the company was quick to note that this is merely a software difference as the security remains the same across all models.

Cryptocurrency News, News
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