Trezor – secure cryptocurrency wallet
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Trezor is a hardware cryptocurrency wallet developed by the Czech company SatoshiLabs, launched in 2014 as the very first device of its kind. The goal was to create a secure offline storage for cryptocurrencies that eliminates the risks of hacking and theft associated with online storage and exchanges.
Trezor looks like a small USB device with a display. It connects to a computer or mobile device and allows users to securely manage, send, and receive cryptocurrencies. Private keys are stored directly on the device and never leave the Trezor, significantly increasing security. Even if the computer is infected with a virus, an attacker cannot access the cryptocurrencies.
There are several versions, such as Trezor One (basic model) and Trezor Model T (more advanced version with a touchscreen and broader support for cryptocurrencies).
Why hold cryptocurrencies in a wallet and not on an exchange?
Exchanges are an enticing target for hackers and many attacks have occurred in the past, where people lost their funds. Owning cryptocurrencies means having control over your private keys – and that is not offered by an exchange. A hardware wallet like Trezor gives users full control, higher security, and peace of mind.
