- During the setup process, Trezor generates a recovery seed phrase consisting of 12, 18, or 24 words. Users must safely store this seed phrase, as it can be used to recover the wallet in case the device is lost or damaged.
- Secure Firmware: Trezor devices run on open-source firmware, which has been audited for security. The open-source nature allows the community to review and contribute to its development.
- Integration with Wallet Software: While Trezor is a hardware wallet, it can be integrated with various wallet software, including Trezor's official web-based wallet, as well as third-party wallets like Electrum and MyEtherWallet.
- Password Manager: Trezor offers a built-in password manager that allows users to securely store and manage passwords for online accounts.
- U2F Authentication: Trezor devices can also be used for Universal 2nd Factor (U2F) authentication, enhancing the security of online accounts beyond cryptocurrency.
- Regular Updates: The Trezor team regularly releases firmware updates to improve security, performance, and compatibility with new cryptocurrencies and features.