Self-custody raises concerns about the burden of holding the private key, which Trezor wants to solve with a dedicated onboarding division and new wallets.

Trezor, a leading hardware cryptocurrency wallet firm, is addressing the usability challenges in the crypto space with the introduction of a dedicated onboarding service and a new hardware wallet. Here’s a closer look at these new offerings and what they mean for users:

Trezor Expert Onboarding Service

Purpose and Features:
- Personalized Guidance: Trezor Expert is a one-on-one onboarding service designed to help users understand and effectively manage self-custodial wallets.
- Cost: The service is priced at $99 and can be purchased through the official Trezor website.
- Launch Details: Officially launched on June 14, after a brief beta phase, and announced by Trezor CEO Matej Zak at BTC Prague 2024.

Educational Focus:
- Self-Custody Knowledge: The service aims to provide users with the knowledge required to securely manage their private keys and navigate safe online practices.
- Support for New Users: By offering detailed guidance, Trezor aims to ease concerns about potential errors in managing non-custodial wallets.

New Hardware Wallet: Trezor Safe 5

Enhanced Security and Usability:
- Security Features: The Trezor Safe 5 incorporates an EAL 6+ certified secure element, providing top-tier security for users' crypto assets.
- Usability Improvements: Features a color touchscreen and the Trezor Touch haptic engine, enhancing the user experience.
- Advanced Backup Options: Introduces a 20-word recovery seed backup process and an advanced multi-share Shamir backup for better security in case of private key loss.

Product Range:
- Preorder Availability: The Trezor Safe 5 is available for preorder at a retail price of $169.
- Target Audience: Designed for users seeking the highest level of security and everyday usability in a hardware wallet.
- Product Line: Joins the existing Trezor product family, including the Trezor Model One, Trezor Model T, and Trezor Safe 3. Each product serves different needs and user profiles.

Bitcoin-Only Option

New Offerings:
- Bitcoin-Focused Models: Trezor now offers Bitcoin-only versions of the Trezor Safe 3 and Trezor Safe 5, removing non-Bitcoin features and code.
- User Preference: This option caters to Bitcoin maximalists who prefer a streamlined wallet focused solely on Bitcoin.

Security Assurance:
- Consistent Security Standards: According to CEO Matej Zak, the security of Bitcoin-only Trezor wallets is identical to that of the multi-crypto-supported versions, ensuring all devices remain extremely secure.

Conclusion

Trezor’s latest initiatives aim to simplify the transition to self-custodial crypto wallets while enhancing security and usability for users. The Trezor Expert service offers personalized support to demystify self-custody, and the Trezor Safe 5 introduces advanced features for secure and convenient crypto management. By providing Bitcoin-only options, Trezor is also catering to the preferences of Bitcoin purists, reinforcing its commitment to meeting diverse user needs in the evolving crypto landscape.