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Trezor Hardware Device

Frequently asked questions

Why should I use a hardware wallet?

A hardware wallet, like Trezor, provides top-notch security by keeping your sensitive data and crypto access completely offline. This protects your assets from hackers, malware, and other online threats. Unlike exchanges, which can be vulnerable to hacks or government restrictions, a hardware wallet gives you full control of your assets. Additionally, Trezor offers easy wallet backup, ensuring your funds are recoverable even if the device is lost or damaged.

What is a hardware wallet?

A hardware wallet is a physical device that securely stores the private keys needed to access your cryptocurrency. It keeps these keys offline (cold storage), protecting them from online attacks. When you want to send cryptocurrency, the transaction is signed inside the device, so your private keys never leave the secure environment.

How does a hardware wallet work?

A hardware wallet works by keeping your private keys stored on a secure chip inside the device, isolated from internet-connected computers. When you want to make a transaction, the request is sent to the device, which signs it internally and returns the signed transaction without exposing your private keys. You confirm transactions directly on the device with physical buttons, which prevents malware on your computer from tampering with your transactions.

What if I lose my hardware wallet?

If you lose your hardware wallet, your funds remain secure as long as you have your recovery seed phrase. During setup, your device generates a 12 or 24-word seed phrase that you should write down and store safely offline. With this seed phrase, you can restore your wallet and access all your funds on a new Trezor device or any compatible wallet that supports the same recovery standard.

How to transfer crypto to a hardware wallet?

To transfer crypto to your hardware wallet, first connect your Trezor to your computer and open the Trezor Suite app. Select the coin you want to receive and click on "Receive" to generate your wallet address. Copy this address carefully. Then, go to the exchange or software wallet where your coins are currently stored, select "Send" or "Withdraw," paste your hardware wallet address, and confirm the transaction. Always verify the address is correct before confirming any transfer.