Overview

16/01/19 04:54 UTC-4

Trezor hardware wallet. Advantages and disadvantages

Advantages and disadvantages of the Trezor hardware wallet
Advantages and disadvantages of the Trezor hardware wallet

Trezor's hardware wallet for cryptocurrency assets is a convenient solution for owners of digital money. Thanks to such a device, at any convenient time, you can store, spend, forward Bitcoin and other altcoins.

SatoshiLabs, the Czech company,  produces wallets.

Description and work principles

In fact, the work is carried out using a small display and two buttons. To keep the wallet running, you need to connect it to a personal computer in order to carry out transactions. Trezor is managed via a dedicated application of the same name for Google Chrome. There are also mobile versions and support for Linux. The wallet works on the myTREZOR plugin, which can be downloaded for free on the manufacturer's website.

Interesting in the section: Electrum Wallet: Bitcoin-Wallet description

According to information from SatoshiLabs, the wallet is available in two colors – black or white. Connecting the "device" is carried out by connecting to a PC. The instructions for Trezor indicate that the installation process consists of three steps: connecting the device to the computer via microUSB, installing the Trezor Bridge program (myTREZOR), creating and confirming a unique 24-digit password.

The wallet is based on the Cortex-M3 microcontroller (120 MHz embedded ARM processor). Now, the wallet supports work with operating systems such as Windows, Linux, MacOS and Android.

 

Using the Trezor Wallet

Compatibility and connectivity with such online wallets: MyEtherWallet, Electrum MultiBit, Mycelium.

Interesting in the section: Trezor hardware wallet. Advantages and disadvantages

Now, such crypto-assets can be stored in the hardware wallet: BTC; LTC; DASH; Zcash; Bitcoin Cash; Bitcoin Gold; Ethereum; Ethereum Classic; all ERC-20 tokens, Expanse and UBIQ cryptocurrency, NEM (XEM) coin.

The main disadvantage of a crypto-wallet is its tight binding to the PC and, of course, it’s rather big cost: from $ 200 and higher.

Editor: Yuliya Soroka

#Trezor #hardwarewallets #cryptocurrency #SatoshiLabs #altcoin #wallet

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