TREZOR Review for Sports Betting
Cryptocurrency for Sports Betting
What is the TREZOR?If you intend to use Bitcoin for sports gambling, you need to have a Bitcoin wallet. Wallets are how you store your bitcoins. That’s how you keep them safe.
TREZOR is a hardware wallet that will keep your Bitcoin, Ethereum, Zcash and other cryptocurrencies safe and secure. The TREZOR is basically a USB connected hardware wallet that allows you to store, send and receive cryptocurrency. The device plugs directly into your computer and is easy to use! One of the best features of the TREZOR is the button on the device, that serves as a protection layer against hackers. TREZOR forces the button to be physically pressed each time a transaction is performed, making it nearly impossible for only hackers to gain access to your information.
The TREZOR currently provides support for many different types of Cryptocurrency. Some of the various cryptocurrencies that they provide support for are Bitcoin, Ethereum, Litecoin, Namecoin, Dogecoin, Dash and Bitcoin Testnet.
The TREZOR has been around for several years now, launching in August of 2014. The device was originally used mainly as a Bitcoin only hardware wallet. When the product was originally developed, it was meant to serve as a cold storage unit but still have the ability to work as a hot wallet.
Getting Started with TREZOROnce you decide that you will utilize the TREZOR for your hardware wallet, you will need to make the decision on which color you want to purchase. They offer just two colors, white or black, and each come with a small micro USB cord that will plug into your computer PC.
There are many locations that you can purchase a TREZOR from but we recommend that you only purchase the TREZOR from the TREZOR website or from Amazon. The other locations, while they may be reputable and reliable, may also sell used products which may not be guaranteed. Under no circumstances should you ever risk buying a TREZOR or any other hardware wallet from Ebay or other product auction website that sells used items.
Once you have your device in hand, and unbox the product, you will need to follow just a few quick steps and you will be up and running with security from TREZOR. The first thing you will need to do is initialize the TREZOR device. You can initialize the device via four ways:
- Online at TREZOR Wallet
- TREZOR Chrome Extension
- TREZOR Manager for Android
- Offline using Python Tools
Once you initialize the TREZOR device, you will need to install the newest firmware to make sure the device is using the most current information and current security measures. When the TREZOR is purchased, it does not have any firmware installed but once you initiate the device and install for the newest firmware, you will be ready to use the TREZOR. You will be required to set up a PIN code upon setup of the device. Make sure you remember the PIN code because you will need it for spending.
Like other hard wallets, the TREZOR will provide you with a 24 word passphrase or seed. Unlike some others, the TREZOR will provide you with additional security in the form of a 25th word. The 25th word is a word that you will choose but use caution as if you lose or forget this word, your wallet will not be able to be recovered.
Benefits of the TREZOR
One of the immediate benefits you will have with the TREZOR is the screen that provides extra protection and verification. This will allow you to safely complete transactions on any computer, even those that are infected with malware and viruses. The TREZOR seed is never on an internet connected device so there is no ability for hackers
One of the best benefits of the TREZOR is the fact that it utilizes a two step verification process. By providing the two step verification, TREZOR protects your cryptocurrency against both physical and virtual theft by hackers.
Another benefit of TREZOR is the fact that it can connect directly to your other popular wallets such as Copay, MyEtherWallet and many other wallets. This is a nice little feature because some devices do not coexist with other wallets. This means you are forced to transfer cryptocurrency to various other wallets, just so that you can use them with your TREZOR.
Negatives of the TREZOR
The one and only negative that we notate about TREZOR and among the general public is the fact that even though it is one of the safest options for storing your cryptocurrency, it is also one of that has the most limitations. With mobile or paper wallets, you can make transactions on the go but with TREZOR, the device itself must be plugged into a PC/computer making it impossible to make transactions on the go.
Overall Conclusions of the TREZOR
Overall, the TREZOR is a great option for securing your cryptocurrency. The device is a great option for securing your cryptocurrency and creates several lines of defense against potential theft of your assets. The TREZOR is very similar to the LEDGER NANO S and the reality is these two are basically very similar with just some basic cosmetic differences.