Trezor unveils new crypto hardware wallets and backup solution.

Crypto hardware wallets manufacturer Trezor has launched New products encouraging individuals to take custody of their digital assets. The offerings include:

1. The Trezor Safe 3 hardware wallet.
2. A limited edition bitcoin-only version.
3. The Trezor Keep Metal for recovery seed backup.

The Trezor Safe 3 hardware wallet is available in four colors and is priced at $79. It is designed to appeal to crypto newcomers and novices, offering a user-friendly solution for self-custody of digital assets. The wallet integrates with the Trezor Suite desktop application, enabling users to buy, sell, and exchange their assets securely. It supports Bitcoin, ether, and over 7,000 other coins and tokens. The Trezor Safe 3 also features a secure element for enhanced security against physical attacks.

In celebration of Trezor’s 10th anniversary, the company has introduced a limited edition bitcoin-only version of the Trezor Safe 3. Only 2,013 units will be produced, with some of the proceeds supporting the Trezor Academy, a Bitcoin education initiative.

Trezor has launched the Trezor Keep Metal to facilitate secure backup solutions. Made from aerospace-grade stainless steel, the Keep Metal is fire, water, and corrosion-resistant. It provides a reliable and durable storage solution for recovery seeds, which are used to restore access to funds in case of wallet loss. The Keep Metal is available for both 12-word and 24-word backups, priced at $99. It is also compatible with the advanced 2-of-3 Shamir split recovery seed backup scheme for the Trezor Safe 3, priced at $249.

Trezor CEO Matěj Žák emphasized the importance of self-custody in the growing crypto market. With over 420 million crypto owners worldwide and predictions of the number doubling by 2027, Žák stated that the risks associated with centralized exchanges necessitate secure self-custody solutions.

The new Trezor products are available for pre-order and are expected to ship in mid-November. Trezor’s commitment to open-source development and community-based auditing sets it apart from competitors like Ledger. While open-source allows for faster vulnerability fixes, it may also increase the risk of device cracking if stolen. However, Trezor has chosen a third-party vendor to publish any vulnerabilities discovered in its secure element.