Most Popular Wallets – Rival brands to the Trezor crypto Australians might consider
All crypto wallets should do roughly the same thing – give you a safe and convenient place to store the private keys that allow you to carry out cryptocurrency transactions. There are a wide variety of wallets out there that do this task in different ways.
If you read our Exodus wallet review, you’ll see that this wallet doesn’t require any specialist hardware. Instead you can simply download the wallet software to your computer or mobile, and manage your cryptocurrencies from there. There are even some wallets that you can use from your web browser.
But by using the Trezor crypto Australians would be hoping to enjoy a higher level of security. This is because a Trezor wallet is a piece of hardware that is only linked to your computer by a USB cable. As a result, your cryptos will be immune from any hacking attempts. It’s a similar approach to what we found in our Ledger wallet review. Keep reading to see which brand did it best.
Pros and Cons of the Trezor Crypto Wallet
Trezor is one of the best-known names in the crypto wallet industry. After all, it has been around since 2014, so it must be doing something right. Here are the main reasons why so many people love to use the Trezor wallet:
- Limited USB connection means that no online hacker can steal your cryptos
- Frequent firmware updates constantly give you the edge in your online security
- Over 1,000 crypto coins and tokens featured on the Trezor wallet
However, here are some of the disadvantages of using the Trezor wallet:
- Relatively high cost of buying the Trezor crypto wallet
- Not the most straightforward way for newcomers to get into cryptocurrencies
- Reports of Trezor hardware hack in 2017
A great alternative to Trezor is selecting a more modern exchange, which also can function as a wallet. Our top picks here are:
Cryptocurrencies and Technology – What we found in our Trezor wallet review
We’re fairly sure that the Trezor wallet has the facility to allow you to send and receive your preferred cryptocurrency. This is because it features well over 1,000 coins and tokens. Obviously, you’ll find that Bitcoin is here alongside other big-name cryptos such as Dash, DogeCoin, Litecoin, Ethereum and so on. But there’s simply a vast range of Trezor cryptocurrency options here that range from NEM to Vertcoin.
The Trezor technology allows you to do just about anything you want with your cryptos without having to worry about using any kind of Trezor wallet promo code. You can receive crypto payments from friends, send cryptocurrencies to pay for goods and services, and you can even exchange the likes of Bitcoin for Litecoin and so on. We should note that you also have the option of buying cryptocurrencies outright, and Trezor withdrawals are quick and easy.
Usability & Store – Safe and user-friendly Trezor crypto wallet
So the key thing to remember is that you can’t simply dial up the Trezor wallet via your web browser or even download the wallet software. This is because the Trezor wallet is actually a piece of hardware that you buy and physically get posted out to you. The wallet simply slots into your USB drive and allows you to manage your cryptos from here.
You should buy the Trezor wallet directly from the brand’s shop to make sure that it is 100% safe, plus you might be able to use a Trezor coupon code to get a discount. When you unbox your wallet, you’ll see that you can plug it directly into your computer’s USB port via the supplied USB cable. This will bring up a screen showing a link to a website that you need to visit to install the Trezor wallet.
Once you’ve downloaded the software, it will allow the Trezor hardware to communicate directly with the blockchain. Here’s where you’ll get to set up all of the security features that we’ll talk about later.
Adding cryptos to your wallet is easy. Plug in your hardware, enter the PIN and click on the Trezor software that you downloaded. Here you’ll get to pick the type of crypto that you want to receive and then you just have to tap on the Receive icon to get the unique address for your wallet that the payments will be made to. Then you just have to go to your old wallet, past in the unique address, and your cryptos will almost instantly be in your new wallet.
Here’s how you send crypto payments. Open up your wallet, pick the type of crypto you want to send, hit SEND and then enter the address of the wallet for the person you want to make the payment to. Simple, and all without having to use a Trezor promo code 2022.
Security & Support – A Trezor crypto Australians can trust
The only connection that your Trezor crypto wallet has with the internet is a USB cable. As a result, there is absolutely no way that a hacker is going to be able to break into your account to access your cryptos. When you consider how easy it is for malware or viruses to make a mess of wallet software, it’s clear that this Trezor wallet has a big advantage.
Trezor has also implemented a range of other security features to keep your coins safe. These come in the form of constant firmware updates, sensible Trezor limits on purchases, and the PIN number that you have to enter into the hardware every time that you want to log into your account.
In addition to this, Trezor will make you set up a recovery phrase when you first install its wallet. This works like a Trezor promo code but greatly increases your security. This will be a complex 24-word backup passphrase, so be sure to make a note of it.
While there were reports of a hack of Trezor hardware way back in 2017, the brand has downplayed the attacks and insists that its latest generation of wallets provides you with the safest way to manage and trade your cryptocurrencies.
Device and Scope of Supply – Getting to grips with the Trezor crypto wallet
The Trezor wallet may look a little unusual, but you’ll quickly get used to it. It features a black palm-sized box that features two buttons and a screen that displays your PIN. You should know that the wallet will cost around $90 AUD. But when you consider the relative lack of other costs apart from some Trezor fees for network transactions, it could work out to be a good deal.
Conclusion – Key findings of our Trezor wallet review
It’s the Trezor wallet’s security that continues to make it a mainstay in any list of the best crypto wallets. With the facility to send and receive well over 1,000 cryptos, Trezor should easily meet the needs of most crypto users. When you factor this crypto portfolio in alongside the brand’s heavy-duty security, it quickly becomes clear that Trezor is aiming squarely at the serious investors. So don’t worry about getting any kind promo code for Trezor wallets, as buying one of these wallets outright could be a very smart move.
Try also these alternative wallet providers, which also functions as a full crypto exchange (which is why we prefer them).