TREZOR Initial Setup-Best Hardware Wallet for BTC, ETH, ZEC, LTC, & DASH

Initially the Trezor will come in a shrink-wrapped box with security seals on the top and bottom. There’s a nice little foam cutout to secure the Trezor inside. It also comes with a USB, a lanyard connector, a quick setup guide, and a piece of paper to write down your recovery seed. Click here to buy a Trezor

Quick Setup Guide:

Install Google Chrome Extension

  1. Head over to trezor.io.
  2. Click wallet to navigate to wallet.trezor.io.
  3. The application works within Chrome, so you will need to download the Chrome extension. Once it’s downloaded, you can click “Connect to TREZOR to continue” on this page.

Install Updated Firmware

  1. Next, plug your Trezor into the plug provided and the USB into your computer.
  2. You’ll notice a prompt to install the firmware. Click “Yes, Install.” Trezor ships their products without their firmware installed, which actually makes a lot of sense because you’ll want the most up-to-date version of the firmware when you set it up. If firmware is already installed on your Trezor, something’s not right.
  3. You’ll then be prompted on the Trezor to “Install new firmware?” Click Confirm.
  4. Next you’ll be prompted with a firmware fingerprint, or a list of four different keys. Make sure the fingerprint on your computer is the same that’s listed on the device. You will see a “Update was successful” prompt on your computer screen.
  5. Unplug the device and reconnect.

Trezor PIN Setup

  1. First you will need to label your device. You’ll be able to change this later, so no pressure on picking a cool name (we called ours the “VoskVault” How cool is that? :P)
  2. Click “Continue.”
  3. Now you will need to set up your four-digit PIN. You might notice some numbers on your Trezor, but ignore these for now. Type in your desired PIN into the window on the computer and click “Enter.” After you hit enter, you might notice the numbers on your Trezor have changed. These will change every time you access your Trezor, but all you have to do is remember your four-digit PIN. The numbers on your Trezor correspond with the nine dots on your screen. You will click your PIN numbers on the computer screen with the corresponding numbers from your Trezor.

pin setup

Recover Seed Setup

  1. Now you’ll be prompted to write down your 24-word recovery seed, or “master key.” This seed will allow you to recover your account if you ever lose your device. Trezor even provides you with a piece of paper for your recovery seed, so make sure you write these down correctly and keep this in a safe place! And do not share it with anyone!
  2. Your Trezor will display your seed one word at a time. Click through each word and write them down as you go.
  3. It will then walk you through this recovery seed again to make sure you have the right one.
  4. Once again, you will need to enter your PIN and you will have full access to your wallet! 

Changing Your Homescreen Image

One feature that’s actually pretty cool is that Trezor has already implemented my “VoskVault” name on the Trezor. Here at VoskCoin, we’re all about the customization, so let’s run through how to add a custom image to our Trezor.

  1. Head over to the Homescreen tab on the Trezor site. You’ll see a lot of preloaded options on this screen.
  2. You will need a custom black and white image that is 128px x 64px. Note: Grayscale images will not work here, only black and white.
  3. At first my image upload didn’t work, but once I went to Homescreen editor, I was able to upload again and edit from inside the site. From the editor, you can upload files and URL images. You also have a few editing options here if you want to get fancy (inverting, sharpening, etc).
  4. Once uploaded, you will have to enter your PIN code again. Click confirm (boy this is a lot of security for a homescreen!)

Sending/Receiving Crypto (All tokens, except ETH)

The Trezor can store Bitcoin (BTC), Bitcoin Cash (BCH), Dash (DASH), Litecoin (LTC), ZCash (ZEC), Ethereum (ETH), Ethereum Classic (ETC), and all ERC-20 tokens.

  1. Click your desired coin at the top left of the screen. It will automatically set up an account for you, “Account #1.”
  2. Click the “Receive” tab at the top of the account page.
  3. It will automatically generate a fresh receiving address for you. I’m transferring everything I have in Exodus and Jaxx over to Trezor, so I’m copying the receive address and putting it into Exodus to send over.
  4. When I transferred mine, it took only a couple seconds to transfer BTC to my Trezor. That’s pretty fast! You should now see your deposit reflected under your account name on the Trezor site.
  5. You can also see this new balance reflected on the Transactions page. This page will also show you the rate of the coin, how much you’ve deposited in (income), and how much you’ve sent (expense). However, this is only currently available on the BTC page. You can also get to the integrated Trezor blockchain explorer from this page by clicking “Details” next to your transaction.
  6. If you want to send money, click the Send tab at the top, add the recipient address, the amount, and click send! It’s that easy. You also have the option to edit the Fee Type here. The higher the fee, the faster it will be verified on the blockchain.

Sending/Receiving ETH

  1. If you want to send or receive Ethereum, you will click ETH on the top left dropdown on the Trezor site, and it will ask you to “Go to MyEtherWallet.”
  2. Click “Trezor” and “Connect to Trezor” to get there. From there you will export your public key for your account, pick an address, and Unlock your Wallet.
  3. It will automatically take you to the Send page on MyEtherWallet. On this page you can also see your address, balance, transaction history, and options to display on your Trezor.
  4. Click over to the “Wallet Info” tab. Once again you’ll have to export your public key and here you’ll see the balances again.
  5. You’ll also see Token Balances. This is where you can see all ERC tokens being verified on the blockchain. If you want to send your tokens, you will need to load your token balances on the bottom right of the page. Now you’ll be able to see your other tokens in the dropdown on the send page.

Additional Features

  1. Generating Addresses: A recipient address will automatically be generated for you, but you are able to make more addresses by clicking the “Add Address” option below the first one.
  2. View on Trezor: There is also a eye icon next to these addresses. You can view that same address on the Trezor. This would be used if you ever want to verify the address’s legitimacy and you don’t have a virus, malware, or any kind of malicious attack.
  3. Running Multiple Transactions at Once: On the send page, you can actually run a couple transactions at once by clicking the “Add recipient” button at the bottom right.
  4. Fresh Addresses: After you complete a transaction and you go back to the Receive page, you will see a brand new fresh address. It will give you a new one every time, but you are still able to view the older one if you click “Show Previous” at the top.
  5. Currency Equivalents: Another cool feature is you can get a currency dropdown menu on the Send page if you want to see the coin’s equivalent value in another currency (USD, EUR, CAD, etc).

I decided to move all of my funds from Exodus and Jaxx to Trezor because it is an off-the-grid, more secure hardware wallet. I think Exodus the best in the business in its app category. It has a great interface (and you gotta love the shiba background they have!) Jaxx isn’t really my favorite; the interface isn’t as user-friendly.

Hopefully this guide helped you setup your Trezor wallet! If you want a screen capture video walkthrough, check out the video here:

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