Trezor One

Trezor One was the first hardware wallet to hit the cryptocurrency market. SatoshiLabs is an innovative Czech startup that released the device in 2014. It is one of the best hardware wallets available. The Trezor One is very popular among the crypto community because of its security and affordability. While being able to store different types of cryptocurrencies and digital tokens, the wallet enables secure crypto transactions, even on malware infected computers. It is a highly sophisticated device with multiple features that put it way ahead of the competition. The wallet is made of light but highly durable plastic. It is small enough that you can carry it around in your pocket. The Trezor One has a small screen, two buttons, and a USB port. It comes in a simple package which contains:

• The device.
• A USB cable.
• A lanyard.
• Information Booklet.
• Two recovery seed cards.
• Four Stickers.

• Trezor One supports more than 1000 cryptocurrencies and digital tokens.
• It has a monochrome display with two buttons for easy navigation.
• Simple and easy to use.
• Trezor One follows a highly advanced security protocol.
• The password manager app helps users store all their important passwords.  
• Two-factor authentication to verify transactions.
• SatoshiLabs offers excellent customer support that is available 24/7.

Here is a step-by-step guide to set up the Trezor One:

• Use the USB cable to plug the device into your computer.
• Go to suite.trezor.io and download the Trezor Suite desktop app.
• Once activated, write down the randomly generated 24-word recovery seed. The recovery seed is the only thing that can restore and backup your wallet, so it is essential to save it offline safely.
• Create a PIN.
• After completing these steps, your device is ready to use.
• To use the device, plug it in, and enter your PIN.
• You can use the ‘mytrezor’ interface to send and receive coins.
• The ‘mytrezor’ interface can be unlocked, and your transactions may then be confirmed using your Trezor One.

To send and receive funds with your Trezor One, connect the device to your computer and open your Trezor app.

For sending:

• Select the currency you wish to send.
• Enter the receiver’s address and the amount.
• Confirm the details and authorize the payment.

For receiving:  

• Click on the receive icon.
• Select “show address”.
• Make sure that the address displayed on your computer’s screen matches the address displayed on your Trezor’s screen. Copy and send the newly generated address to the sender.

Trezor is known for its stringent security measures. They are pioneers in providing highly secure wallets at affordable prices. Here are some of the security features included with the Trezor One:

• The hardware and firmware are open-source and available on GitHub. This allows anyone the ability to audit and verify the source code.
• No updates for the device’s firmware may be made without the user’s PIN.
• Every transaction requires an on-device confirmation.
• The private keys stored on the device will never touch the internet.
• The device requires no input from the keyboard, making it that much safer from hackers.

• Offers multi-currency support
• Affordable
• Quick and easy to set up
• ‍Highly secure
• ‍Well-designed display screen
• ‍Small and portable
• ‍24/7 customer support