Trezor creates cryptocurrency hardware wallets with the average user in mind. Their products are small, lightweight and durable whilst being simple to use and keeping your coins safe. Trezor products support over 1000 coins and are a great choice for a hardware wallet.
Trezor Promo Codes & Coupons
Trezor ONE For €69 (excl. VAT)!
Trezor Model T For €149 (excl. VAT)!
How To Use A Trezor Discount Code
To use a Trezor promo code, decide which deal you would like to take advantage of above and click the green button labelled “Click To Get This Deal”. This will reveal the discount code below as well as opening a new window taking you to the Trezor website. Once on the website add to your cart the items you wish to purchase. You can see your shopping cart in the right hand coloumn as well as a small drop down menu where you can input your Trezpr discount code as indicated in the image below.
Over the past eight years or so, hackers have made off with millions of Bitcoins and other cryptocurrencies by raiding online exchanges. The infamous Mt Gox hack alone resulted in the loss of some 850,000 Bitcoins, worth nearly $7.5 billion at today’s valuations. So saying that security has been an ongoing issue when it comes to cryptocurrencies would be a gross understatement.
In the past few years, many online exchanges have ramped up their security efforts and enjoyed sparkling records. But the fact remains that as long as they’re connected to the internet, they’re susceptible to being hacked by determined and darkly talented computer hackers. So what to do? The makers of the Trezor hardware wallet say they have the answer. But do they?
Filling the Void
The efforts of hackers to make off with every last crypto coin in existence have been unrelenting. And while natural selection would seem to have eliminated the majority of the most susceptible exchanges, doubts remain about the ability of the survivors to keep the hackers at bay for long. Alternatives were and are badly needed, and this is where the hardware wallet comes in. The hardware wallet is like a super sophisticated USB drive on which you store your cryptocurrency keys. As long as it’s not connected to the internet, it’s not susceptible to hacking. Consider it a kind of digital safe deposit box for your cryptocurrency assets.
The Rise of the Trezor Hardware Wallet
As it turns out, the hardware wallet is not a new idea. And Trezor is not a new company. They were, in fact, the first to produce a hardware wallet way back in 2014 and they’ve been in business continuously since then. It’s only in the past year or two though that they’ve catapulted to the forefront of the crypto security conversation. And that has a lot to do with Bitcoin’s astronomical rise in valuation.
When a single Bitcoin reached a valuation of nearly $20,000 in December 2017 a lot of people who had previously thought of their Bitcoin holdings as a kind of curiosity suddenly went looking for a way to store them that was hackproof. Many wound up buying Trezor hardware wallets. They then told their buddies, who told their buddies, and suddenly Trezor became big business.
Setting up Your Trezor
The name “Trezor” is Slavic for “vault.” And in many respects, that’s exactly what the Trezor is: a vault in which to deposit your cryptocurrency keys. The device fits easily into the palm of your hand and setting it up is not as painful as you might think. Here’s what you do:
- Hook it up to your computer using the USB cable.
- Once plugged in, it will prompt you to go to the Trezor website.
- The website provides information about the PIN and the so-called “recovery seed.”
- Once you feel you’re up to snuff on that stuff, click the “done” button.
- You’re then prompted by the site to install firmware the device will need. Hit the “Continue” button on the wallet screen to do so.
- Once that’s complete you’ll then need to confirm that the security number being displayed by the device matches the one your computer screen.
- You’re then prompted to enter your personal information through the website.
- Then choose a PIN.
The key thing here is that the keypads on your device and your screen match and that the numbers 1-9 are scrambled. But the keypad on the screen will not display any numbers, for security purposes. Use the ones on the device screen as a guide.
- Once you’ve established a password, you have to set up the recovery seed. The recovery seed is 24 words that will allow you to recover your information should you ever lose the device
- These words are provided by the device, and you write them down on the lined and numbered paper that came with the Trezor. You then put them away in a very secure place. Once you finished with the recovery seed, you’re good to go.
The whole thing should take you about 15 or 20 minutes.
Trezor currently supports all the most popular cryptocurrencies including but not limited to:
- Bitcoin (BTC)
- Ethereum (ETH)
- Ripple (XRP)
- Bitcoin Cash (BCH)
- Litecoin (LTC)
- Ethereum Classic (ETC)
- Dash (DASH)
- Ripple (XRP)
The Bottom Line
If you’re concerned about the security of your cryptocurrency assets, it makes sense to invest in the Trezor hardware wallet. This relatively safe and proven device can help ensure you don’t wind up a victim of the next big crypto hack.