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I’ve finally decided to check out the Trezor, the original Bitcoin hardware wallet, to see why it’s a favorite among cryptocurrency users and how it compares to its main rivals, namely the Ledger Nano S and KeepKey.
Trezor: Nothing Beats the Original?
The Trezor hardware wallet is a perennial favorite among Bitcoin and cryptocurrency users. Released a few years ago, it was the first of its kind, combining user-friendliness and advanced security in handling Bitcoin private keys.
This device costs $99 USD and also supports Dash, Zcash and Ethereum. Simply put, it makes it possible to store as well as transact without exposing your private keys even on a compromised computer.
I must admit, however, that in over three years in the Bitcoin space — which seem like eons— I have never even held the Trezor in my hands. I was first introduced to hardware wallets through the Ledger Nano S ($69) and the KeepKey ($99), which I review here.
It’s safe to say that these devices are the ‘big three’ hardware wallets on the market today, which all work in a similar manner and only when plugged into your computer.
Getting Set Up
The Trezor comes in three colors, black, gray and white, and is made in the EU. My device was shipped from the Czech Republic.
Even though the device itself feels very light in the hand, the build quality is solid with tactile buttons. Upon plugging in the USB cable, the device’s screen displays the link where you download the software component, namely the Chrome browser extension.
In fact, the process was identical to its rivals where the device’s firmware is automatically updated upon set up. Then, you’re asked to enter and confirm your new PIN and write down the 24-word recovery seed (2 sheets included in the