The cat home screen on my Trezor wallet.

Crypto hard wallets provide an increased layer of security for storing and transacting assets.
I spent $101 on the “original hardware wallet,” the Trezor Model One, to self-custody my crypto.
This article is part of “Master Your Crypto”, a new series from Insider helping investors improve their skills in and knowledge of cryptocurrency.

People can manage cryptocurrencies on centralized exchanges, software wallets, or hardware wallets.The superstar athletes Odell Beckham Jr., Serena Williams, and Aaron Rodgers discussing crypto at the Bitcoin 2022 conference in Miami.

Wallets allow for more secure storage and management of crypto assets.A stand displaying the Ledger crypto hard wallet.

They hold people’s private keys, which are needed to unlock the address of where the crypto assets are stored on the blockchain.A man entering details into his bitcoin wallet.

The private keys are used to sign transactions and verify that the cryptocurrencies are being moved by the owner.A crypto transaction on my MetaMask software wallet.

I had $10.55 worth of crypto on the centralized exchange Coinbase. This is considered dangerous because I don’t own the private keys and could be vulnerable to losses if the exchange is hacked or shut down.A screenshot of my crypto assets on Coinbase.

The safer option is to self-custody the private keys using a hardware wallet. It stores my keys offline, mitigating the risks from online attacks. I spent $101 on “the original hardware wallet,” the Trezor Model One.The packaging of my Trezor Model One.

The wallet came in dainty packaging that could easily slip through a mailbox.The mailbox-size packaging of the Trezor Model One.

I planned to order from Amazon, but after reading reviews where users complained of wallet tampering, I decided to use Trezor’s official site and wait slightly longer for delivery.The back of the Trezor Model One package asks customers to watch out for tampering.

I didn’t need to worry about long delivery times. I ordered on a Thursday afternoon and received the package by Monday afternoon. The box has seals to ensure no one tampered with the wallet during delivery.A seal on the edge of the Trezor Model One.

Inside the packaging was the hard wallet, a USB cable, and a lanyard.Trezor packaging contents.

There’s also a getting started guide and 2 recovery seed cards.The Trezor Model One …read more

Source:: Business Insider

      

I spent $101 and less than an hour setting up the Trezor Model One. The crypto hard wallet is surprisingly easy to use and comes with the benefit of being one of the safest ways to secure crypto assets.

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