Why cold storage matters
Cold storage — keeping private keys offline — is the most reliable way to protect significant cryptocurrency holdings from remote attacks. Trezor hardware wallets isolate private keys inside a tamper-resistant environment so that signing transactions requires a physical confirmation on the device. That reduces the attack surface compared to software wallets on phones or desktops.
Getting started: safe setup
Practical usage: sending, receiving, and DeFi
Use Trezor Bridge or the official Suite application to view balances, manage accounts, and sign transactions. For web-based DeFi interactions, connect through a verified browser extension or WalletConnect and always confirm the transaction details on the device screen before approving. For NFTs or advanced smart-contract interactions, double-check contract addresses and gas settings.
Advanced hardening
For high-value holdings consider these additional measures:
- Passphrase-protected hidden wallets: Add an extra word as a passphrase to create hidden wallets that are not derivable from the seed alone. Treat the passphrase as a separate secret—losing it means losing those funds.
- Multisignature: Use a multisig setup where multiple keys (possibly from different manufacturers) are required to spend funds. This reduces single-point failures and increases resilience against device compromise.
- Air-gapped signing: Keep the signing device completely offline and transfer unsigned transactions via QR code or SD card. This eliminates host machine attack vectors.
Threat model checklist
• Phishing or fake websites — mitigate by bookmarking official apps and verifying addresses on-device.
• Physical theft — mitigate by using strong PIN and passphrase; split backup phrases across secure locations.
• Supply chain tampering — buy only official units and check seals/verification tools.
Recovery & testing
Regularly test your recovery procedure by restoring a seed to a spare device in a safe environment. Ensure you can recover funds before storing large amounts. Consider using a metal backup plate for fire, flood, and long-term durability.
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Final checklist before large transfers
- Confirm device authenticity and firmware signature.
- Test small transfer first.
- Verify receiving address on device screen.
- Ensure backups are accessible to trusted parties if using inheritance plans.