1 — Introduction
This presentation is written to be used as a single-file HTML reference for individuals and teams adopting Trezór hardware wallets as their secure crypto custody device. Throughout the sections that follow we will examine what a hardware wallet is, the philosophy behind cold storage, why Trezór devices (Trezor and Trezór.io/Start® branding) are widely trusted, and how to align them with modern security practices.
We will also cover step-by-step setup procedures, safe backup and recovery procedures, recommended usage patterns, integration with software wallets and multisig setups, developer notes for API integrations, compliance considerations, migration from other wallets, enterprise workflows, and operational security policies. The aim is to provide a thorough, actionable, and understandable resource for both new users and experienced custodians.
Why hardware wallets matter
Hardware wallets are physical devices that store private keys in a secure element or a dedicated microcontroller which is isolated from the internet. Their purpose is to reduce the attack surface of private keys by ensuring signing happens on the device. In practice, this means even if your computer or phone is compromised, the attacker cannot extract the private keys from the offline device; they can only attempt to trick the user into signing a malicious transaction. Effective use of a hardware wallet thus requires safe operational habits, user awareness, and proper backup management.
Hardware wallets are not a silver bullet. They greatly reduce certain risks but require users to adopt complementary practices—secure seed backups, use of passphrases where appropriate, regular device firmware updates, and verification practices like checking transaction details on the device's display. This document explores those practices in depth and provides templates and workflows that can be adopted by individuals or organizations.
2 — Initial Setup & Getting Started
Setting up your Trezór device correctly is the most important step to secure custody. Modern Trezór devices come with a factory-sealed box and a clear instruction sheet. Always verify the packaging integrity before powering the device. If the tamper-evident seal is broken, treat the device as compromised and contact support; do not use it with valuable funds.
Unboxing checklist
- Verify factory seal and packaging.
- Read included safety instructions; never type your seed into a connected device other than the hardware wallet itself.
- Keep the recovery card or backup medium in a safe place; consider metal backups for long-term durability.
Step-by-step setup
- Charge and power the device if required, or connect via USB to your computer.
- Navigate to the official Trezór setup page (use only the official domain provided with device instructions) and follow the guided onboarding flow.
- Create a strong PIN on the device. The PIN prevents local access; pick a non-trivial PIN and avoid easily guessable sequences.
- Record the recovery seed exactly as shown on the device. Do not take a digital photo, do not store it in cloud storage. Write it down on the provided card or preferably on a metal backup device designed for seed storage.
- Optionally configure an additional passphrase (sometimes called a 25th word). Passphrases provide plausible deniability and allow multiple hidden wallets; however, they add complexity and can cause permanent loss if forgotten. Only use passphrases after you understand the implications.
- Update firmware immediately if a newer official firmware is available. Always use the official update mechanism and verify update signatures.
Detailed verification steps and screenshots are available in the Appendix for each device model. The user interface varies slightly between models; however, the security principles remain the same across the family.
Safe backup recommendations
Backups are the single most important recovery mechanism. Use multiple geographically and logically separated backups. Some recommended patterns include:
- Primary written seed stored in a safe or bank deposit box.
- Secondary metal backup stored at a geographically separate secure location.
- Optional encrypted digital split backup approach (using Shamir's Secret Sharing) for enterprise contexts. This requires careful key custody planning and secure distribution of shares among trusted stakeholders.
3 — Security Model & Threats
Understanding the threat model will help you make better choices. Hardware wallets protect against online attackers who can access your computer or phone. They do not protect against physical coercion, social engineering that convinces you to reveal your seed, or malware that causes you to approve malicious transactions.
Primary threats
Common threats include:
- Phishing pages and fake wallet apps that mimic legitimate services.
- Compromised host computers intercepting signing requests and feeding fake transaction details.
- Physical tampering during supply chain or shipping.
- Loss or destruction of seed backups.
- Operational mistakes, such as entering the seed into a compromised device.
Mitigations
Key mitigations include:
- Always verify transaction details on-device; check amounts, recipient addresses, and network fees.
- Use official wallet software or verified third-party clients. Check signatures of downloaded binaries if relevant.
- Adopt a 'cold storage' workflow where large balances are stored on devices kept offline, while smaller day-to-day balances are kept in hot wallets for transactions.
- Use multisig schemes for high-value custody; this removes single points of failure and reduces risk from device compromise or loss.
We will cover multisig patterns later in this presentation including specific examples and recommended software integrations.
4 — Day-to-day Usage & Workflows
For regular use, create workflow patterns that are repeatable and minimize risk. Below are typical individual and small-business workflows, plus a recommended checklist for every transaction.
Individual workflow (low frequency)
- Prepare transaction in a trusted software wallet on an internet-connected computer.
- Connect the hardware wallet and confirm the transaction details on-device.
- Keep a small hot wallet balance for frequent spending to reduce transaction frequency with the hardware wallet.
Small business / team workflow
For teams, assign roles for each step of the signing process. Use multisig to require two or more signers. Implement operational checklists and maintain an incident response playbook that includes steps for lost keys, suspected compromise, or legal requests.
Transaction verification checklist
- Is the recipient address expected? (Check via out-of-band verification if high value.)
- Is the amount correct and intentional?
- Are the network fees reasonable?
- Is the signing device authentic and not physically tampered with?
5 — Advanced Topics
Advanced users and custodians will appreciate integrations with multisig, enterprise HSMs, programmatic signing flows, air-gapped transaction construction, and developer APIs. This section dives into patterns, code snippets, and design tradeoffs.
Multisig design patterns
Multisig reduces single points of failure — a 2-of-3 or 3-of-5 arrangement is common. In an enterprise environment, distribute signers across physical locations and different device types to reduce correlated risk. Use hardware wallets with robust firmware and a well-audited multisig coordination software (e.g., open-source wallet software that supports policy-based signing and PSBT workflows).
Air-gapped signing
Air-gapped signing is the practice of preparing a transaction on a networked computer, transferring the unsigned transaction to an offline device for signing, then transferring the signed transaction back to the online machine for broadcast. This can be achieved through QR codes, microSD cards, or physical data transfer in a controlled environment. Always verify integrity and use checksums to ensure files were not altered during transfer.
Developer integration
Developers can integrate Trezór devices into custom flows. Typical integration points include generating addresses, signing PSBTs (Partially Signed Bitcoin Transactions), signing arbitrary messages for authentication, and verifying device status. When building automation, ensure signing policies are auditable and approvals are logged. Prefer human-in-the-loop approvals for high-value actions.
// Example pseudocode: prepare PSBT -> export -> sign on device -> import -> broadcast
const psbt = wallet.createPsbt(inputs, outputs);
const exported = psbt.toBase64();
// transfer exported to offline device
// on device: sign -> return signed PSBT
const signed = offlineDevice.signPsbt(exported);
psbt = PSBT.fromBase64(signed);
node.broadcast(psbt.extractTransaction().toHex());
6 — Frequently Asked Questions
What happens if I lose my device?
If you lose your device, recovery comes from the seed. Keep your seed secure and accessible to trusted persons if you cannot control it yourself. For enterprise contexts, have a documented recovery plan with multiple trusted key-holders or designated disaster recovery custodians. Never share the seed in clear text; use secure channels and physical transfer methods.
Can I recover funds without the device?
Yes, funds are recoverable from the seed phrase using compatible wallets that support the same derivation paths and standards (BIP39/BIP44/BIP32/BIP84/etc.). Ensure you understand the derivation scheme used by the device and note any passphrase settings. Without the seed (and passphrase if used), funds cannot be recovered.
Are firmware updates safe?
Firmware updates from the official vendor are signed. Always use the official update tools and verify signatures where advised. Do not accept firmware from untrusted sources. In some contexts, organizations prefer to control update windows and apply updates after running them in a test environment to ensure compatibility with existing workflows.
7 — Appendix & Resources
This appendix provides additional materials: a glossary of terms, recommended reading, templates for incident response, sample policies, and checklists for procurement and onboarding. Use these resources to build institutional-level processes or to improve your personal operational security.
Glossary
Seed / Recovery phrase: A human-readable set of words (often 12, 18, or 24 words) that encode the private key material for deterministic wallets.
Passphrase: An optional addition to the seed that creates an additional secret layer—useful for creating hidden wallets, but dangerous if forgotten.
PSBT: Partially Signed Bitcoin Transaction — a standard format to coordinate multisig and offline signing workflows.
Checklist: Onboarding a new device for an organization
- Procure devices from authorized resellers or directly from the manufacturer to avoid supply-chain risks.
- Document serial numbers and assign ownership.
- Perform initial setup in a secure location and record the recovery seed using metal backups where possible.
- Install firmware and test signing flows with low-value transactions before migration.
- Document operational procedures and incident response plans, including steps for lost keys and suspected compromise.
End of appendix.