Concerns about the complexities of self-custody in crypto are being addressed by Trezor with a dedicated onboarding service and a new hardware wallet.
Trezor, a leading hardware cryptocurrency wallet provider, is tackling the usability challenges of crypto with a personalized onboarding service and a newly designed hardware wallet.
Trezor Expert: Personalized Onboarding Service
Trezor has introduced Trezor Expert, a one-on-one onboarding service designed to help users set up their self-custodial wallets safely and correctly. This service, which is an online session with Trezor specialists, aims to provide extra support to users new to self-custody.
Importance of Self-Custodial Wallets
Self-custodial wallets, which give users full control over their private keys, are crucial for privacy and security in the crypto world. Unlike custodial wallets, where a third party holds the keys (such as Coinbase), self-custody ensures that users are the true owners of their cryptocurrency.
Ensuring Safe Self-Custody
The Trezor Expert service, costing $99 and available on the Trezor website, helps users navigate the complexities of self-custody. This service aims to ease users’ fears about making mistakes and to provide them with the knowledge necessary for secure private key management.
Trezor Expert officially launched on June 14, announced by Trezor CEO Matej Zak at the BTC Prague 2024 event. Zak highlighted that the service not only assists in setting up hardware wallets correctly but also educates users on security practices.
Introducing the Trezor Safe 5 Wallet
At the event, Zak also unveiled Trezor’s latest hardware wallet, the Trezor Safe 5. This new wallet features enhanced security with an EAL 6+ certified secure element and improved usability with a color touchscreen and Trezor Touch haptic engine.
Advanced Recovery Features
The Trezor Safe 5 introduces a new recovery seed backup process, expanding from the standard 12 or 24-word phrases to a 20-word seed. This upgrade includes the Shamir backup system, which provides more secure options by distributing several private key shares, making it easier to recover the wallet in case of key loss.
Trezor’s Product Line
The Trezor Safe 5 joins a family of Trezor wallets that cater to various user needs. Since its founding in 2013, Trezor has released several models including the Trezor Model One, Trezor Model T, and Trezor Safe 3. Each model is designed to meet specific requirements, ensuring a wide range of options for different users.
Summary Review: With the launch of the Trezor Expert service and the Trezor Safe 5 wallet, Trezor is reinforcing its commitment to making self-custody more accessible and secure. These new offerings are designed to help users confidently manage their crypto assets, promoting a safer and more user-friendly experience in the digital currency world.
Disclaimer: Remember that nothing in this article and everything under the responsibility of Web30 News should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves inherent risks and potential investors should be aware that capital is at risk and returns are never guaranteed. It is imperative that you conduct thorough research and consult with a qualified financial advisor before making any investment decision.
