Crypto hardware wallet maker Trezor has launched new hardware wallets designed to make self-custody of crypto assets easier. The new products are Trezor Safe 3 hardware wallet, a limited edition bitcoin-only version, and the Trezor Keep Metal for recovery seed backup.
Trezor Safe 3 hardware wallet is available in four colors, namely Solar Gold, Stellar Silver, Galactic Rose and Cosmic Black. The bitcoin-only Trezor Safe 3 was built to commemorate the Trezor’s 10th anniversary and comes in “Bitcoin Orange,” while the Trezor Keep Metal is designed to provide a mistake-proof, convenient backup solution for users recovery seed, the team said in a statement.
“Bitcoin, and the wider cryptocurrency sector, has been with us now for 14 years. It is no longer a niche interest,” Trezor CEO Matěj Žák said in the statement. “There are 420 million crypto owners worldwide and, according to predictions, this number will more than double by 2027 to almost a billion — one in eight of the global population.”
Trezor is the first maker of a crypto hardware wallet. Since then, many other companies have made hardware wallets, including Ledger. However, the company remains a leader in the hardware wallet industry.
According to Zak, the creation of these new wallets is aimed at making crypto custody easier since third party custody has proven to be excessively risky over the years.
“Events over the last year or so [like FTX’s collapse] have demonstrated the risks people are taking when they entrust the custody of their cryptocurrencies to centralized exchanges. Time and again, we’ve seen the reality of ‘not your keys, not your coins’ play out,” Žák continued.
“As we approach the next wave of Bitcoin adoption, we’ve introduced new devices that enable crypto novices and newcomers to enjoy the security and peace of mind that comes with owning and safeguarding their own crypto,” he added.
Improving on Existing Features
Trezor has already created high-level security features that help users keep their assets secure, one of which is Trezor Suite desktop application. The new Trezor Safe 3 integrates with it to enable users to buy, sell and exchange their assets securely, including bitcoin, ether and more than 7,000 other coins and tokens.
The Safe 3 also adds another secure feature that offers tamper-resistant protection against physical attacks. Trezor also employed a third-party vendor that allows it to publish any vulnerabilities discovered.
Only 2,013 of the bitcoin-only version of the Trezor Safe 3 will be produced, and part of the sales proceeds will go to support Trezor’s Bitcoin education initiative, Trezor Academy.
Designed With Beginners in Mind
Crypto security is a concern for all investors, but beginner investors are the most vulnerable. This is why Trezor created these new wallets with beginners as the priority. The Trezor Keep Metal allows users to permanently crest their seed phrases on the fire and corrosion-resistant piece of metal, something even absolute beginners can do.
“We understand that self-custody can be intimidating, especially for newcomers,” Žák added. “That’s why we have designed the new wallets and the backup solution with beginners in mind. They’re packed with security features to keep digital assets safe.”
The metal is available for both 12-word and 24-word recovery phrases. It’s also compatible with the more advanced 2-of-3 Shamir split recovery seed backup scheme for the Trezor Safe 3,
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