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Beginner’s Guide 2020: How to use Trezor Wallet

Beginner’s Guide 2020: How to use Trezor Wallet

20 Oct 2020

Reading Time: 3 minutes

The Trezor Wallet is a great, exceptionally secure wallet from Trezor. It come with a host of features such as securing your cryptocurrencies, signing transactions, and managing your digital identity. It can be used as a safe offline storage system and it is easy to use. Currently there are two Trezor Wallets, the Trezor One and the Trezor Model T. In this article we will show you how to use Trezor Wallet One.

Setting it up:

Once you have unboxed your device, you can start with the setup. You will find that it comes with the Trezor device, a USB cable, Recovery Seed Cards, Lanyard, Getting started booklet and stickers. Setting up a Trezor device is simple and is outlined below.

  • Connect your Trezor to your computer using the USB cable provided.
  • Once connected, go to the link on your Trezor’s screen, which will be to the official website. Once on it, you can select your device model
  • Install Trezor Bridge, which is used for communication between your Trezor device and the computer.
  • Pick a PIN for your device. Trezor’s recommended Pin length is 4 -6 digits without repetition of a single number. To make your Pin secure, Trezor allows you to click on obscured numerical pad displayed in the browser while creating it
  • Install the latest firmware to your Trezor, and create a wallet
  • Create a backup that and write down your recovery seed somewhere safe.
  • You can also give your device a name and personalise the home screen for a special touch.

Using Your Trezor One

Once you have completed setup, you can start using your Trezor device. Trezor is great for controlling your cryptocurrency assets, managing your accounts and initiating transfers to other services or friends.

Receiving payments: To receive cryptocurrency and payments into your Trezor One, select the specific cryptocurrency you want from the drop-down menu at the top left and then click receive. After that you need to verify the address on the address shown when you click on “Show Address” button, and then copy paste it into the wallet that you are sending crypto from.

Sending payments: To send crypto assets, select the specific cryptocurrency you want, from the drop-down menu at the top left and click on send. You then need to paste in the address you are sending to, select the amount you want to send and choose the transaction fee. Once you click “Send,” you need to confirm the transaction on your Trezor One. You can verify the address by looking at a few of the characters at the end and click a button on your device to confirm.

Trezor supports more than 1000 coins and tokens and you can switch between currencies on your device by choosing from a drop-down menu in the upper-left part of the device.

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