Trezor, the prominent manufacturer of crypto hardware wallets, has introduced a trio of innovative products aimed at promoting the self-custody of digital assets. These new offerings include the Trezor Safe 3 hardware wallet, a special edition bitcoin-only variant, and the Trezor Keep Metal for safeguarding recovery seed backups.
The Trezor Safe 3 hardware wallet is available in four stylish colors: “Solar Gold, Stellar Silver, Galactic Rose, and Cosmic Black.” It is competitively priced at $79. Additionally, a bitcoin-exclusive version of the Trezor Safe 3, designed to celebrate Trezor’s 10th anniversary, comes in a vibrant “Bitcoin Orange.” The Trezor Keep Metal, on the other hand, is created to provide a foolproof and convenient backup solution for users’ recovery seeds.
Trezor CEO Matěj Žák emphasized the increasing importance of self-custody in the cryptocurrency space, stating, “Bitcoin, and the broader cryptocurrency sector, has been with us for 14 years. It is no longer a niche interest. With 420 million crypto owners worldwide and predictions of this number nearly doubling by 2027 to reach nearly a billion people, the importance of self-custody is paramount.”
He also highlighted the risks associated with centralized exchanges and the importance of having control over one’s private keys. Žák explained, “As we approach the next wave of Bitcoin adoption, we’ve introduced new devices that enable crypto novices and newcomers to enjoy the security and peace of mind that comes with owning and safeguarding their own crypto.”
Trezor Safe 3 integrates seamlessly with the existing Trezor Suite desktop application, enabling users to securely manage their assets, including bitcoin, ether, and over 7,000 other cryptocurrencies. It introduces an additional layer of security with a tamper-resistant secure element to protect against physical attacks.
In contrast to its competitor, Ledger, Trezor devices are open-source, allowing the community to audit and address vulnerabilities more quickly. However, this openness may pose a security risk if the devices are stolen. To mitigate this, Trezor has chosen a third-party vendor for the secure element of the Trezor Safe 3, who can publish any discovered vulnerabilities.
To commemorate the year of Trezor’s launch, only 2,013 units of the Bitcoin-only version will be produced, with €21 ($22) from each sale contributing to the Trezor Academy, a Bitcoin education initiative.
The Trezor Keep Metal, constructed from aerospace-grade stainless steel, boasts resistance to fire, water, and corrosion. It offers a secure solution for storing recovery seeds, available for both 12-word and 24-word backups at a cost of $99. For more advanced users, it’s compatible with the 2-of-3 Shamir split recovery seed backup scheme for the Trezor Safe 3, priced at $249.
The new products cater to beginners, acknowledging that self-custody can be intimidating. They are designed with robust security features to protect digital assets. Pre-orders for these products are now open, and shipping is set to commence in mid-November.