Trezor Unveils New Products for Crypto Newbies

Trezor, a renowned hardware crypto wallet company, has launched two new products, Trezor Safe 3 and Trezor Keep Metal, to onboard newcomers into the crypto world. These products were unveiled at the Bitcoin Amsterdam conference, marking the company's 10th anniversary.

Understanding Trezor Safe 3 and Trezor Keep Metal

Trezor Safe 3 is a hardware crypto wallet explicitly designed for novices in the digital asset space. The wallet focuses on ensuring maximum safety and ease of use, according to Trezor CEO Matěj Žák. On the other hand, Trezor Keep Metal is a “mistake-proof” backup solution for wallet passwords.

Hardware crypto wallets, such as Trezor Safe 3, offer one of the safest ways to store digital assets as they are typically not connected to the internet, thereby reducing the risk of online attacks. Moreover, keeping cryptocurrencies in a wallet gives users total control over their tokens, unlike centralized exchanges where assets can be frozen and withheld.

However, the responsibility that comes with this control cannot be underestimated. Users are given a passcode (seed phrase) once upon setting up a wallet, and forgetting it might lead to permanent loss of access. Trezor's new products aim to address this issue by enhancing user interfaces and creating user-friendly experiences.

Features of Trezor Safe 3

Retailed at $79, Trezor Safe 3 supports significant cryptocurrencies like Bitcoin, Ethereum, and over 7,000 other tokens. It comes with a 0.96” monochromatic OLED screen and a two-button pad, available in four colors: gold, rose gold, silver, and black.

The wallet can be integrated with Trezor's desktop application, which helps users manage their cryptocurrencies on its platform. Trezor Safe 3 has a tamper-resistant hardware component that offers extra protection and can operate in various temperatures.

Trezor Safe 3 also includes a limited edition Bitcoin-focused hardware wallet that runs solely on Bitcoin firmware and is only available in “Bitcoin orange” color. This limited edition sold out within a day, demonstrating the high demand for secure crypto wallets.

Securing Seed Phrases with Trezor Keep Metal

Trezor Keep Metal is designed to safeguard users' recovery seed phrases. It comes in two price points: $99 for standard 12-word backups and $249 for 20-word Shamir-compatible Trezor Safe 3 backups.

Made from “aerospace grade” stainless steel with a black surface treatment, this product is damage-resistant and boasts a watertight seal. It's designed to protect against fire, acid, chemical corrosion, extreme temperatures, and other heavy impacts.

Although the price point may seem steep, considering the high value of digital assets that could be stored in the wallets, the product's price is a worthwhile investment.

The Future of Crypto Wallets

With the recent implosion of centralized exchanges like FTX, the phrase “Not your keys, not your coins” has gained prominence in the crypto world. This development has led to a significant uptick in interest in the self-custody of crypto assets with hardware wallets.

As Trezor continues to innovate and make crypto more accessible for newcomers, the future looks promising for hardware crypto wallets. “The reality is that too few people are using hardware wallets today, so we see huge potential for growth from both existing crypto users and new entrants to crypto,” CEO Matěj Žák added.