Trezor, a prominent manufacturer of cryptocurrency hardware wallets, has unveiled a trio of new products with the aim of promoting self-custody of digital assets. The new offerings include the Trezor Safe 3 hardware wallet, a bitcoin-only limited edition version, and the Trezor Keep Metal for safeguarding recovery seed backups.
The Trezor Safe 3 hardware wallet is available in four striking colors: “Solar Gold, Stellar Silver, Galactic Rose, and Cosmic Black,” priced at $79, as stated in the company’s announcement. The bitcoin-only Trezor Safe 3, which commemorates the brand’s 10th anniversary, features a distinctive “Bitcoin Orange” color. Meanwhile, the Trezor Keep Metal is specially designed to provide a foolproof and convenient backup solution for users’ recovery seed phrases.
Trezor CEO Matěj Žák emphasized the increasing significance of Bitcoin and cryptocurrencies, highlighting their growing user base, which is expected to double by 2027, reaching nearly a billion users globally. He also pointed out the risks associated with centralized exchanges and the importance of the “not your keys, not your coins” principle. Trezor’s new products aim to provide crypto novices and newcomers with the security and peace of mind that come with self-custody.
The Trezor Safe 3 integrates seamlessly with the existing Trezor Suite desktop application, facilitating secure buying, selling, and exchanging of various assets, including Bitcoin, Ethereum, and over 7,000 other coins and tokens. This wallet introduces an additional layer of security with a secure element, offering protection against physical attacks.
Unlike its competitor Ledger, Trezor devices are open-source, which means they are community-driven and audited for vulnerabilities. However, this approach allows for faster identification and resolution of potential weaknesses while potentially making the devices more vulnerable when stolen. Trezor has chosen a third-party vendor for the secure element, allowing for the publication of any discovered vulnerabilities.
To commemorate its launch year, only 2,013 bitcoin-only versions of the Trezor Safe 3 will be produced, with a portion of each sale, amounting to €21 ($22), dedicated to supporting the Trezor Academy, a Bitcoin education initiative.
The Trezor Keep Metal, constructed from aerospace-grade stainless steel, boasts resistance to fire, water, and corrosion, ensuring the security of recovery seed phrases. This product is available for both 12-word and 24-word backups, priced at $99, and is compatible with the advanced 2-of-3 Shamir split recovery seed backup scheme for the Trezor Safe 3, which is priced at $249.
Recovery seeds, often referred to as seed phrases or backup phrases, are a crucial component of crypto wallets, providing a backup method for restoring access to funds in case of a lost wallet.
Trezor’s new products are currently available for pre-order, with shipping set to commence in mid-November. These offerings are thoughtfully designed with beginners in mind and incorporate robust security features to ensure the safety of digital assets, making self-custody an accessible and secure option.