Let’s recap crypto security and check out part 1 if you need to.
Bitcoin security is important. Your Bitcoin or any other cryptocurrency has a unique address, identification or private key. Therefore, you should be aware of the importance of keeping it safe. If you lose it, it is difficult to recover it, so it is necessary to secure it as best as possible.
I have to make this clear because safety must be of the utmost importance and should not be taken lightly.
There are countless stories of people who have lost access to their computers (due to negligence or abuse) and as a result have been unable to recover their bitcoins or other cryptocurrency. This should be equivalent to damage to the wallet due to pickpocketing or carelessness.
Fortunately, there is a way to doubly protect your assets. A secure hardware wallet ensures that in the event that you unfortunately lose access to your computer or tablet, etc. (by any means) you will be able to recover your bitcoins, ethereum, litecoins, etc.
A hardware wallet allows you to restore your cryptocurrency on any other computer as it is basically a USB connection that you use to secure your transactions.
The second level of security.
Trezor is an original hardware wallet that is easy to configure to keep your bitcoins safe. There are other products available, but for the rest of this article I’ve decided to look at the Trezor hardware wallet first.
The core tenet of Trezors bitcoin security is zero trust.
Using the Trezor screen, you can independently verify and physically confirm each transaction directly on your device.
It also asks you for a PIN every time you log in. So you are always present.
As a single-purpose device, the wallet has no other functions.
Simple means more security.
Trezor is no exception in terms of malware or virus risk. However, the fewer devices the Trezor communicates with, ie. there is no bluetooth, wifi or qr code scanning, so the simpler the communication protocol, the safer your bitcoin security.
Also, the Trezor doesn’t have a battery. When it is disabled, it is disabled and your coins are safe from any cyber attack.
I hope I have emphasized the importance of Bitcoin security. Main problems: zero trust and concrete security. Also, make sure your backup process is just as secure, ie if necessary, make sure your data is accessible to someone you fully trust.