Trezor Wallet ▷ The most popular hardware wallet in the test!
Trezor is without a doubt one of the most secure wallets out there. This is because this is an offline wallet. But what about the facility? The postman has delivered the package, the hardware wallet has arrived and you are now wondering how you can use your new Trezor? Don't worry, we'll show you all the steps and in no time at all your cryptocurrencies will be in the Trezor wallet.
Setting up the Trezor
We will now provide you with a 6 step guide to setting up your Trezor.
Step 1: check your package
The first thing you should do when you receive your new Trezor is to make sure the silver hologram security seals are intact. Removing these is associated with effort. These are unlikely to open without human intervention. If the security seals are missing or look tampered with, return your Trezor immediately. If the box looks legit, then you can safely take the product out of the box.
Check the package for completeness
When you open the box you should find the following things:
- TREZOR hardware wallet
- magnetic holder
- USB-C cable
- sticker
- 2x recovery slip
Is everything there? Perfect, now let's get the Trezor up and running.
Step 2: Connect your Trezor to your computer
Unpack the USB cable, plug the matching end into your Trezor and the other into your computer. Your Trezor should now direct you to Trezor.io/start.
Configuration on trezor.io/start
You should now be able to choose between different models on trezor.io/start. Select your device type.
You will now be asked to install the firmware on your device. Just click Install Firmware.
Once the firmware has been successfully installed, you will be asked to disconnect your Trezor from the computer. To do this, simply unplug the Trezor and plug it back in to continue.
Step 3: Trezor wallet creation
After reconnecting your Trezor to your computer, you will be asked if you want to create a new Trezor wallet. Answer yes to this question and create a new wallet to continue.
- Select "Create" to set up your new wallet.
- You will now be notified as soon as your wallet creation was successful. Then click through the Trezor functions and to the wallet.
Step 4: additional security options
The next step is to create a backup for your Trezor. Just click the "Take a Backup" button to do this.
Create a Trezor backup.
In this process you will generate your "24 word seed". In principle, this is a combination of different words that are intended to ensure that you do not lose your cryptocurrencies if you lose your password. Make sure that no one, not even yourself, has a photo of these words.
Likewise, you should not give this combination to anyone else, save it on your computer, or enter it anywhere online. Otherwise the offline wallet would be thrown away. Simply write the words on a piece of paper (recovery slip) with a pen. If you want to take certain precautions, then we recommend confronting a local Uses.
Click Next and your custom seed will be displayed word for word on the Trezor screen. Make a physical note of this.
Once you are done and verified your seed, you have successfully backed up your device. Now click Next to finish setting up your Trezor.
Step 5: name your Trezor
The next step is to give your Trezor an individual name. This step should not be neglected so that you don't lose the overview afterwards. Even if you have multiple offline wallets, you'll want to be able to tell them apart.
Your Trezor device will now ask you to confirm the name change. Simply click on "Confirm".
Step 6: setting up the Trezor PIN
As the setup process continues, you will be asked to set your new PIN on your Trezor.
Confirm on the Trezor that you want to set up a new PIN. Now you can see two 3x3 grids on the Trezor screen. Enter your PIN on your computer. In this step you will be asked to enter your PIN twice, this is to ensure that you don't make any typing errors.
Using the Trezor
Congratulations, you have successfully completed setting up your Trezor. We continue with the use.
How can you access different cryptocurrencies in the Trezor?
The first thing you need to do for this is to send cryptocurrencies to your Trezor. Click the Bitcoin panel in the top left of the screen to select different Trezor cryptocurrency wallets. Now select the cryptocurrency that you want to manage in the Trezor.
How do you get cryptocurrency on your Trezor?
After you have selected the right cryptocurrency wallet on Trezor, e.g. Bitcoin, Bitcoin Cash, Ethereum, etc. just click on "Receive" and your individual Trezor wallet address will appear.
Note: You can generate additional wallet addresses in a cryptocurrency by clicking the "New Address" button. This function serves to spread your capital.
In order to display your full receiving address, you will be asked to enter your Trezor PIN. After you have done this, you will see the address on the screen or on your Trezor. Make sure both addresses match before sending money to the address.
If both addresses match, simply copy your Trezor wallet address and send your cryptocurrency here, be it a crypto exchange or online wallet, you should be able to find the "Send" function everywhere. Your transferred coins will then appear in the Trezor wallet and be kept safe.
Send cryptocurrencies out of the Trezor
Sending cryptocurrencies is child's play with the Trezor. Just make sure that you have selected the right cryptocurrency wallet: if you want to send Ethereum, make sure that you are in the Litecoin wallet. Once you hit the send button, you will be prompted to enter the wallet address you wish to send the amount to.
You can even choose the fee you want to pay. Here it is important to know that transactions with higher fees are processed faster. After entering these details, simply click "Submit" and the transaction is complete.
Summary
Trezor has launched a great hardware wallet and we find the software particularly user-friendly. The ease of use and the seriousness of the company have helped Trezor to gain a good name in the crypto sector worldwide. We hope that we were able to help you with this article and that you will soon be able to use the advantages of an offline or hardware wallet.
Image sources:
- Trezor logo: https://upload.wikimedia.org/wikipedia/commons/d/da/Trezor.png
- Trezor Verpackung: https://images-na.ssl-images-amazon.com/images/I/61S7cq%2B8WnL._SL1422_.jpg
- Trezor metal device: https://upload.wikimedia.org/wikipedia/commons/8/83/Trezor_display_transaction.jpg
- trezor device white: https://upload.wikimedia.org/wikipedia/commons/9/98/Trezor_-_Hard_Wallet-_Cold_Storage_for_Cryptocurrency.jpg
- Notebook: https://unsplash.com/photos/o-ubWHV29Uk
- Binary numbers: https://picryl.com/media/binary-code-binary-binary-system-973523?zoom=true
- Several Trezor wallets: https://www.flickr.com/photos/jlarnos/40213129341
- Pictures from Trezor.io: Screenshots from website
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