[Hands On] TREZOR Hardware Wallet - Notlist3d

[notlist3d]

TREZOR - Hardware Wallet

0) General information
1) Unpacking
2) The Trezor
3) Install
4) Using the TREZOR Wallet
5) Conclusion
6) How to purchase

0) General Information + Hardware Needed to buy
As said by the Manufacturer: TREZOR is a single purpose device which allows you to make secure Bitcoin transactions. With TREZOR, transactions are completely safe even when initiated on a compromised or vulnerable computer. Because the use of TREZOR is very easy and intuitive we believe it will help Bitcoin adoption among people not familiar with the security issue

Specs:
CPU - TREZOR is using a 120 MHz embedded ARM processor (Cortex M3 to be precise) with a custom developed system.
Screen - Bright OLED - 128x64 pixels. Enough to hold six lines of text. Can display all the details you need to verify a transaction in a single screenfull.
Case - Both TREZOR Classic and TREZOR Metallic will have a similar case with dimensions of approx. 60 x 30 x 6 mm. The Classic edition is made of a reinforced plastic providing great durability. The Metallic TREZOR is made of a polished CNC milled aluminum.
Safety and certifications - The TREZOR is CE and RoHS certified, so it meets all quality, reliability and environmental standards. Its fine to take your TREZOR with you on the airplane. Like all modern electronics, the X-Rays won’t hurt it.

The TREZOR really came out and redefined the hardware wallet area for Bitcoins with it's design and screen.  It works with many different Operating Systems:  Windows, OS X and Linux.  It also can be used on Android giving a mobile safe way to carry and send Bitcoins.  One of the great things is TREZOR code is open-source, this provides with a secure code that anyone can look at.   The unique thing this has created such a great code some other hardware wallets can and have used the code of TREZOR.  Which I think is a big sign of the good job they have did with R/D, and creation of this device and code.

1) Unpacking
Your TREZOR will arrive with a very nice packaging that makes it easy to know if it's been tampered with. The TREZOR packing I tried to open cleanly and it still becomes very easy to spot it was opened.   The shrink wrap around the unit is there but just as a added layer.  The real security was the security sticker.  And I was surprised the box itself really is part of the security.  You can tell even when I used a knife to get a clean cut the boxes cardboard is instantly noticeable that it was opened.

When unpacking they included a nice longer usb cable, a nice lanyard, and stickers outside of the box within the envelope.  Once the box is opened the main things is your TREZOR, smaller usb cable, recovery seed packet, and instructions.  The recovery seed packet is very important you can write the label of the TREZOR in case you have multiple, and then within it write your recovery seed words.

2) The TREZOR
Below are images to showcase the TREZOR Wallet.

For Slideshow and higher resolution: http://s100.photobucket.com/user/notlist3d/slideshow/TREZOR?sort=3

3) Install
Install is very simple with TREZOR Bridge.   After these main steps you will be all ready to use your TREZOR.  I used Chrome but firefox appeared no issue either.  They do recommend connecting your TREZOR, then downloading, and of-course setup after.


1) Plug in your TREZOR via usb to your computer.
2) In your web browser, go to the trezor website - Download
3) After you are there confirm the install of the TREZOR bridge and you will start the install. It should ask for a device label which allows you to identify TREZOR's easily if you have multiple.
4) You will want to write down the seed words on the provided paper.  Mine was very secure and by default did a 24 word seed - Example of backing up seed's
5) After this you will be able to go to the settings and set up other settings such as pin.  And you can really start using you trezor as of now - Other settings

Thanks to TREZOR for above picture

As shown above install is a simple thing to do  and can be very custom depending on what settings you want. This is very secure wallet one thing to make sue you keep the security is writing the security key in booklet, and store it in a safe place such as a security deposit box.  And your TREZOR after this setup is ready to be used on the many different operating systems, or android phone.

4) Using the TREZOR Wallet
You now have a very secure hardware wallet, that you can send and store bitcoins safely with. (And a few other coins aswell).  It is very simple to use after set up. To show this here is a video showing sending bitcoin:

Special thanks to Youtube user: Phillip George for such a good video

5) Conclusion
I have just started my usage with the TREZOR, but it has been arguably the most popular hardware wallet.  They created an amazing Hardware wallet and shared the code with being open source making it strong and secure.   It has a substantial feel to the wallet, and it usable on many OS and even on the go with Android. Add all the features and a nice LCD screen at a fair price makes this a real contender in hardware wallet.   It no doubt will remain one of the most popular hardware wallets in the space.


5) How to purchase
Below is link to order direct
1) Direct - https://www.buytrezor.com/

Please don't bash others.  This thread is meant for info on the TREZOR.  If your topic is just bashing hardware wallets in general it will be deleted.  That is a topic for another thread.

[notlist3d]

Android - Mobile Usage

One feature I have been wanting to share is the ability to use the Trezor in combination with an Android device.  This allows an android phone for example the ability to securely send even when you don't have a computer in front of you.  So for a user who is on the move this might be a great feature for you.  For this I used the Mycellium Bitcoin Wallet app.  Below you see how easy it is to use:

How to use:
1) Select the cold storage from the settings option.
2) Select the Trezor option within this menu.  After plug it your TREZOR into your mobile device using OTG adapter.
3) It will then show you the PIN numbers on your TREZOR as shown in top picture.  Enter your PIN on your mobile device.

   

4) It will then allow you to select the account, if you use multiple it will show them all.  Click on mobile device the account you want to use.
5) It will confirm the address that you previously selected.  After this press send to use it.
6) Now it will allow you to scan, use your addresses, use address from clipboard, or manually enter address.  After you are able to send.

   

As you can see it is a very nice feature and easy to use.  You get the security of a hardware wallet, with the mobility of a mobile android phone.  So this is just one more nice option to have.   I should mention hot wallets still do have a purpose on small amounts for daily spending.  I got the following response from TREZOR Support "We consider mobile hot wallets as enough safe solution to carry some small amount of bitcoins for you daily spendings and in need of top-up you just connect your device and move funds from cold storage to your hot wallet."

And their suggestion of using it to top off hot storage if you need it, is a good use.  So if you want to use a small amount on a hot wallet on your mobile I'm not trying to stop this.  But if your needing a larger amount of Bitcoin's really is where your TREZOR shines because of the security it adds.

[notlist3d]

Reserved For Q/A

[TastyChillySauce00]

what happen if i forgot the seed words? and does trezor offer warranty if there's any problem or abnormal things happen on the hardware?

[saturn643]

How do othe hardware wallets compare to the trezor?

BTW, you have a few typos (keepkey/trezor mix ups).

[justspare]

How do othe hardware wallets compare to the trezor?

BTW, you have a few typos (keepkey/trezor mix ups).

There is really no way for other hardware wallets to compare with trezor. Trezor just has everything you need. It is easy to use, it is safe and it won't do that much damage to your wallet. For example, look at the keepkey, it is pretty much the same as the trezor with a larger price tag. Who would pay more for the same thing?

[Duomo]

Thank you for posting this. I have been quite interested in a trezor for a while now. I am just a little confused by the seed words. Since preferably, if I did acquire a trezor, I would like to use it with Multibit HD. If a create a new Multibit HD wallet, I would given a set of seeds for Multibit HD wallet itself in order to recover it. Then, the Trezor device itselfs also shows seed words. How would I restore my wallet? Is the seed words associated with the Trezor in conjunction with the MyTrezor webwallet itself ? I am little confused since I thought this device doesn't store bitcoins, it only keeps processes transactions in device to keep your bitcoins safe, even on a infected computer. Could you clarify this?

[BitcoinNewsMagazine]

what happen if i forgot the seed words? and does trezor offer warranty if there's any problem or abnormal things happen on the hardware?

Trezor makes it very clear that you would be SOL if you forgot your seed. The order is also crucial. So don't do it. There is a warranty of course but most folks who have enough bitcoin to warrant a Trezor buy a spare for backup.

I have used all of the hardware wallets on the market except for KeepKey. I refuse to pay $240 for a Trezor clone that cannot even be used with Android. It is pretty though.

I find I use my Case wallet as much as my Trezor, just because the thing is so convenient to carry around and use.

[BitcoinNewsMagazine]

Thank you for posting this. I have been quite interested in a trezor for a while now. I am just a little confused by the seed words. Since preferably, if I did acquire a trezor, I would like to use it with Multibit HD. If a create a new Multibit HD wallet, I would given a set of seeds for Multibit HD wallet itself in order to recover it. Then, the Trezor device itselfs also shows seed words. How would I restore my wallet? Is the seed words associated with the Trezor in conjunction with the MyTrezor webwallet itself ? I am little confused since I thought this device doesn't store bitcoins, it only keeps processes transactions in device to keep your bitcoins safe, even on a infected computer. Could you clarify this?

MultibitHD is not the best wallet to use with Trezor as it does not support passphrase protected wallets. Electrum and Mycelium do, as does myTrezor.com. Your choice though.

[notlist3d]

what happen if i forgot the seed words? and does trezor offer warranty if there's any problem or abnormal things happen on the hardware?

Trezor makes it very clear that you would be SOL if you forgot your seed. The order is also crucial. So don't do it. There is a warranty of course but most folks who have enough bitcoin to warrant a Trezor buy a spare for backup.

I have used all of the hardware wallets on the market except for KeepKey. I refuse to pay $240 for a Trezor clone that cannot even be used with Android. It is pretty though.

I find I use my Case wallet as much as my Trezor, just because the thing is so convenient to carry around and use.

I just did the install today.  I can say they do a good job of making sure you get all 24 words.  They tell you to do it install guide.

Then they tell you on-screen during.    And there is a time-limit to make sure you don't push next/next over and over.  So I found it to keep you very much in line to write them down in seed word book.   Also after that there you go through it again for conformation you did it right. There is no reason not to have it done. 

But if for some reason you dont... you are SOL they for security your book is meant as one place to have it.  Store it securely.

[notlist3d]

How do othe hardware wallets compare to the trezor?

BTW, you have a few typos (keepkey/trezor mix ups).

There is really no way for other hardware wallets to compare with trezor. Trezor just has everything you need. It is easy to use, it is safe and it won't do that much damage to your wallet. For example, look at the keepkey, it is pretty much the same as the trezor with a larger price tag. Who would pay more for the same thing?

Sorry about that it has since been fixed. I am working on a comparison of a few different wallet's.  It is my goal to try at least 1 more I know of and possibly more.   The KeepKey uses TREZOR code so it's very much familiar.   It is honestly a different market it is more the people who don't care about the money difference, and willing to pay for bigger screen with aluminum case.    

The TREZOR has many fan's of it.  Honestly I did KeepKey review and I got a LOT of push to do a TREZOR one due to how popular it is and pricing.  Also the TREZOR has Android capability which the KeepKey did not, which was big for some mobile users.

[West man]

This is a great service you are doing for the community. I was wasn't to sure if I was totally secure in buying one of these but after looking at your through review it will make my decision on which hardware wallet to go with abit easier.

[notlist3d]

This is a great service you are doing for the community. I was wasn't to sure if I was totally secure in buying one of these but after looking at your through review it will make my decision on which hardware wallet to go with abit easier.

Thank you very much.  Thank you for kind comment's. My goal is to do a few more and do a comparison.  I feel BTC value is getting to point again it's more easily to justify a hardware wallet.  

I think it makes it a lot harder then a paper wallet to mess up security.  I feel security on paper wallet is great if done right.  But I fear of one's done wrong or stored in wrong place.  And hardware wallets really do a good job of keeping you secure without a screw up, which could be costly in today's world.

[notlist3d]

Still using it.  Did experience a firmware update on it. Very easy to do on website held both buttons as it instructed and let it update.  After you confirm fingerprint to make sure you got the valid firmware, so seems pretty safe with that.  Very easy process to do.  Below is during update:

*Moved topic so in same board as my other hardware wallet review.  I'm trying to get a discussion from others hopefully currently using this.  I'm not sure how it got to other board if it need's moved please just PM me and I'm happy to, but could not find a moved by so I was not sure.

[Duomo]

I am seriously considering purchasing either a trezor or keepkey within the next month and would like to make a sound judgment. I'm leaning towards the trezor because i really don't feel like the bigger screen and little bit nicer build quality isn't worth $140. I could even buy a back up trezor with it.  . I have two questions regarding the Trezor. Is there a specific reason why you choose the white one and what wallet do you use in conjunction with your trezor for what reason? Do you use the general Mytrezor webwallet, Electrum, ect.. for all your personal funds.
Thank you!  

[Rizky Aditya]

How do othe hardware wallets compare to the trezor?

BTW, you have a few typos (keepkey/trezor mix ups).

There is really no way for other hardware wallets to compare with trezor. Trezor just has everything you need. It is easy to use, it is safe and it won't do that much damage to your wallet. For example, look at the keepkey, it is pretty much the same as the trezor with a larger price tag. Who would pay more for the same thing?

Exactly. I own a trezor myself and I love using it. I believe that it is the best hardware wallet.

[Gloober]

This is very well put out. I don't have enough bitcoins worthy enough to buy a wallet like this. I have heard only good stuff about Trezor so far.

I will keep Trezor in mind in case I come to the point of owning a bunch of bitcoins for save keeping.

[BitcoinNewsMagazine]

I am seriously considering purchasing either a trezor or keepkey within the next month and would like to make a sound judgment. I'm leaning towards the trezor because i really don't feel like the bigger screen and little bit nicer build quality isn't worth $140. I could even buy a back up trezor with it.  . I have two questions regarding the Trezor. Is there a specific reason why you choose the white one and what wallet do you use in conjunction with your trezor for what reason? Do you use the general Mytrezor webwallet, Electrum, ect.. for all your personal funds.
Thank you!  

Color is just personal preference. I like black because it looks cool and makes the screen pop but really all colors look fine. I started off using the myTrezor.com web wallet but often use Electrum now. Also Mycelium for Android. Remember if you set up hidden wallets with pass phrases you will not see the hidden wallets unless you use myTrezor.com, Coinprism, Encompass, Electrum or Mycelium. I like your idea of buying a backup.

[notlist3d]

I am seriously considering purchasing either a trezor or keepkey within the next month and would like to make a sound judgment. I'm leaning towards the trezor because i really don't feel like the bigger screen and little bit nicer build quality isn't worth $140. I could even buy a back up trezor with it.  . I have two questions regarding the Trezor. Is there a specific reason why you choose the white one and what wallet do you use in conjunction with your trezor for what reason? Do you use the general Mytrezor webwallet, Electrum, ect.. for all your personal funds.
Thank you!  

Color is just personal preference. I like black because it looks cool and makes the screen pop but really all colors look fine. I started off using the myTrezor.com web wallet but often use Electrum now. Also Mycelium for Android. Remember if you set up hidden wallets with pass phrases you will not see the hidden wallets unless you use myTrezor.com, Coinprism, Encompass, Electrum or Mycelium. I like your idea of buying a backup.

The whit is just kinda the classic so it let me see what a lot of users are getting.  There is the other color's out there and it really is as said above personal preference.  No matter which one you get you still get the same great features.

On myTrezor wallet I started off with site I wanted to test and use it first.  It works really well.  You can have multiple accounts on it, so you can easily have BTC in different addresses for different purposes which for me is a big thing.   I like to keep my selling and mining, and signature different accounts.   I just have really started to use it below you can see a lot of the wallet from myTrezor site it allows a lot as far as a wallet to start with, very easy to navigate.  And comes with features such as signing and priority sending (send with higher fee so faster).   So really does have a lot.  I do plan on other wallets testing:

Also they have a really good comparison to other wallet types: http://doc.satoshilabs.com/trezor-faq/_images/compared_to.png .  If interested in TREZOR I suggest looking at it, I didn't post it as there is a LOT of features and would take up a lot of space which is good.

Again if anyone out there is using TREZOR I would love to hear your favorite features, how you feel about using, etc.   I feel users who have used long term really can contribute a lot in this type of thread.

[BitcoinNewsMagazine]

Just a heads up to avoid a potential problem. Some users have been using Trezor to receive hundreds of payments a day from cloud mining sites. Trezor was not designed to handle that amount of daily inputs and will definitely slow down. You can read the post on reddit advising of the problem.