Trezor is a hardware wallet providing advanced security for handling Bitcoin and other cryptocurrencies. It was launched in August 2014 and was the first Bitcoin hardware wallet, offering secure cold storage plus the ability to spend with the convenience of a hot wallet. It can store your cryptocurrencies offline and therefore it is safer than online wallets. This is the reason why big investors always use hardware wallets. So, in short, using a hardware wallet like Trezor to keep your Bitcoin and other cryptos is the safest bet that you should definitely play once because it is better than a desktop or mobile wallet for a number of reasons. Let’s see more about this wallet and its advantages.
Which coins are currently supported?
Trezor wallet is a multi-currency wallet means it can store a lot of different cryptocurrencies. This is great if you have a multi currency investor that contains a variety of cryptocurrencies, as otherwise, you would need to store each one in an individual wallet. As of August 2018, trezor wallet supports more than 500 coins and tokens including Bitcoin, Litecoin, Z case, Bitcoin case, Bitcoin Gold, Ethereum etc.
Trezor wallet advantage
The biggest advantage of buying a Trezor wallet is that it is the safest way to store your cryptocurrency. Your private key is always kept offline that never makes a direct connection to the internet. This is completely different from storing your cryptocurrencies on a desktop, mobile or web wallets. Trezor wallet is almost impossible to hack. The wallet has a limited USB connection which means that even if the computer device is infected, your cryptocurrency will be completely safe.
If we lose or damage our Wallet
If in an unforeseen event you lose or damage your Trezor device, you can recover your BTC funds by using your Trezor’s seed and a seed compatible wallet. Hackers cannot hack this device. This device is almost hacked proof. If your wallet is lost, you can simply buy a new wallet and recover all your old wallet data in your new wallet.