Trezor unveils Safe 5, its new hardware wallet with a Bitcoin-only variant

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Crypto hardware manufacturing company Trezor has launched new products aimed at promoting self-ownership of digital assets. The line-up launched on stage at BTC Prague 2024 includes the Trezor Safe 5 hardware wallet and the “Tzor Expert” boarding service.

Trezor Safe 5 allows users to store, manage, share and use thousands of cryptocurrencies through the Trezor Suite desktop and mobile app. The device features a large color touch screen with haptic feedback, a new secure computing element that handles sensitive and confidential data alongside cryptographic operations, and an improved 20-word backup process.

The Trezor Safe 5 also has a Bitcoin-only variant, but this is not immediately available for purchase. Interested users can pre-order the device from Trezor, which will start shipping from July. The Trezor Safe 5 costs $169 (nice).

Trezor says that unlike its competitors, its tools are built with open source code, which allows for community-based (or individual-initiated) auditing. With open source tool resources, hot fixes for any discovered vulnerabilities are also easily implemented and distributed. The secure component of Trezor Safe 5 has EAL 6+ certification, the highest level of assurance in the common standards for device security.

This certification is usually used for national defense systems, but also applies to high-security devices such as hardware crypto wallets.

Trezor Safe 5's new backup process allows users to upgrade from single-share backups to advanced multi-share backups using Shamir's Secret Sharing. This splits the master secret key into multiple unique shares, providing enhanced security without a single point of failure. Starting in July, Trezor will offer a 20-word version of its Trezor Keep Metal solution to protect wallet phrases from physical damage.

“Users can decide how many unique shares the advanced backup holds and how much is needed to restore the wallet. Even if some shares are lost, users can still access their crypto,” Trezor explains.

Along with the new hardware device, Trezor has announced the launch of Trezor Expert, a crypto cold storage device that helps customers seek out personalized, one-on-one onboarding expertise and assistance. The $99 service is available worldwide seven days a week and ensures that only the customer knows their wallet and other confidential information.

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