Trezor releases new hardware wallet and metal private key backup

Trezor Celebrates 10th Anniversary with Three Self-Custody Products

Trezor, a leading provider of hardware cryptocurrency wallets, is commemorating its 10th anniversary by launching three self-custody products, including a new Trezor wallet, a private key backup solution and a Bitcoin (BTC)-only wallet.

The Czech Republic-based company unveiled the Trezor Safe 3, its state-of-the-art hardware wallet that supports over 7,000 cryptocurrencies, on Oct. 12. The firm highlighted that the launch of the new wallet is a significant milestone in Trezor’s provision of entry-level hardware wallets.

The Trezor Safe 3 wallet was released almost five years after the hardware wallet firm rolled out the Trezor Model T in February 2018. Retailed for $79, Trezor Safe 3 is available in four colors: solar gold, stellar silver, galactic rose and cosmic black.

The new wallet device exemplifies Trezor’s commitment to open-source development, utilizing open-source principles in using the security component, the announcement states. Trezor has chosen a third-party secure element vendor that allows it to publish any potential vulnerabilities it discovers.

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In addition to the Trezor Safe 3, Trezor has also introduced its own physical private key storage solution, Trezor Keep Metal. As previously reported by Cointelegraph, the safety of a seed phrase or a private key is far more important than the safety of a hardware wallet device itself, as users can restore access to the wallet even if a hardware wallet is lost or damaged.

Trezor Keep Metal has much in common with similar physical backup solutions in the market, allowing users to keep their recovery safe under any conditions against fire, water, acids and impacts. The backup tool is made from corrosion-resistant stainless steel with a watertight seal.

According to Trezor CEO Matej Zak, Trezor Keep Metal is another important component of Trezor’s commitment to enhancing usability to boost global crypto adoption.

“It is very easy to use in the way that it is because all the other solutions usually have some kind of conversion so that you need some numbering system against the word,” Zak told Cointelegraph reporter Gareth Jenkinson in an interview.

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Trezor Keep Metal: A Hardware Wallet for Cryptocurrency

Trezor, founded in 2013, is one of the world’s largest providers of hardware wallets. Their first product, Trezor One, was released in 2014 and still offers basic functionality for storing multiple coins long-term. Now, Trezor has released their newest product, Trezor Keep Metal, which allows users to store 12-word and 24-word standard backups for $99. For those seeking a more secure option, Trezor also offers a Trezor Keep Metal catering for three 20-word Shamir backups for $249.

“Using the Trezor Keep Metal is very intuitive,” the CEO noted. “You just punch in the actual letter from the word onto the steel.”

To mark their anniversary, Trezor also released a Bitcoin-only hardware wallet with a limited-edition run of only 2,013 devices. To recognize Bitcoin’s ability to empower individuals in underprivileged and marginalized communities, Trezor will donate $21 from each sale to their Trezor Academy, a Bitcoin education initiative.

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