Why security-first matters
Cryptocurrency ownership depends on control of private keys. A hardware wallet like Trézor® isolates keys from computers and phones, significantly reducing exposure to malware, phishing, and remote attackers. However, the device is only one element of a secure setup: secure initialization, safe recovery storage, physical protection, and vigilant operational practices make the difference between safe custody and loss of funds.
Threat model — what we protect against
Before you begin, consider your threat model. Common threats include:
- Remote attackers attempting to steal keys via malware or phishing
- Local attackers with temporary physical access to your device
- Loss, theft, or damage to the device
- Compromise of backups or cloud storage
Tip: Design your setup to minimize the most likely risks for you. For example, if your main risk is phishing, focus on verifying addresses on-device and using only official apps.
Unboxing & first inspection
System & software preparation
Use an up-to-date operating system and download Trézor Suite only from the official Trézor website. Avoid using public or shared computers for initialization. If you plan to use a mobile device, ensure you have a compatible OTG adapter and the latest OS security patches.
Initialization — step-by-step (security focus)
Recovery phrase handling & backups
How you store recovery words is critical. Options (from most to least secure):
- Steel backup devices: Metal plates that resist fire, water and corrosion (recommended for long-term storage).
- Multiple air-gapped paper/seed cards: Store copies in geographically separated secure locations (e.g., safe deposit box + home safe).
- Shamir Secret Sharing (SSS): Split your seed into multiple shares so that a threshold number of shares are required for recovery (advanced users).
Do not store seeds in digital formats. If you must create redundancy, use physical duplicates in secure, independent locations.
Passphrase: power and peril
A passphrase is powerful: it can create hidden wallets and improve privacy. But it increases complexity. If you select a passphrase:
- Record the passphrase using a secure method (steel backup or sealed note).
- Consider using a passphrase manager that supports secure offline storage (hardware or paper-based) — avoid cloud-based managers for passphrases.
- Test recovery from your seed + passphrase on a secondary device before moving large funds.
Warning: If you lose the passphrase, there is no way to recover funds associated with it.
Operational security (OPSEC) — day-to-day habits
- Always verify transaction details on the device screen — never rely solely on the desktop/web preview.
- Keep regular software (OS/browser) updates to reduce exposure to vulnerabilities.
- Avoid connecting the device to unknown or public computers.
- Use separate wallets/accounts for savings vs spending — consider a cold storage-only device for long-term holdings.
Advanced: multisig, coin control, and integrations
Trézor® supports integrations with multisig setups, third-party wallets, and advanced coin control features. Multisig distributes risk across multiple devices/actors and is recommended for high-value holdings or organizational custody. If you're considering multisig or enterprise workflows, plan your recovery and test thoroughly.
Troubleshooting & recovery steps
Physical security & storage
Protect both the device and your recovery backups physically. Best practices:
- Store seeds in fireproof, waterproof safes or safety deposit boxes.
- Consider tamper-evident packaging for long-term storage.
- Limit knowledge of the exact storage method to trusted parties only; avoid publicizing possession or location of significant holdings.
Testing before trust
After setup, send a small test transaction in and out to confirm everything functions as expected. Verify that you can sign and confirm transactions on the device and that the receiving address matches the one shown in Trézor Suite.
Checklist: secure startup
- Device purchased from official channel and examined
- Trézor Suite downloaded from official site
- Firmware updated and verified on device
- Recovery phrase written on supplied cards and duplicated onto a steel backup
- PIN set and not co-located with recovery phrase
- Optional passphrase planned, recorded securely, and tested
- Small test transactions performed successfully
Legal & safety notes
This guide is educational and not legal advice. Cryptocurrency holdings can be subject to local laws and taxes. Keep records for tax and inheritance purposes, and consider professional advice for estate planning or large holdings.
Where to get help
For device-specific issues, firmware problems, or suspected compromise, consult the official Trézor support channels and knowledge base. Avoid third-party repair services or unofficial firmware sources.