How to Setup Trezor Wallet to Send and Receive Bitcoins
In this article, I’ll take you through the setup of Trezor Hardware wallet.
Hardware wallets are a great way to secure your cryptocurrencies. Trezor is a premium player in the hardware wallet space, it’s easy to use and supports a lot many coins.
If you are interested in buying one, you can use this link to do so. Buying from this link will earn me a few bucks that basically help me run this blog for free.
Also always order Trezor from the official website, do not buy it second hand or from an unknown source.
You will receive your Trezor in a black square box, which looks like as shown below.
Make sure the seal is not broken. If the seal is broken contact the seller immediately get it replaced.
The box contains a Trezor device and USB cable and a few cards to write your secret seed down.
Setup your Trezor device
To set up your Trezor device visit https://wallet.trezor.io/#.
Connect your Trezor device uisng the USB cable provided.
Install the Firmware by clicking on the button.
Once the firmware is installed it will ask you to reconnect the device.
Disconnect the device from the USB and connect it again.
Now you would be presented with two options …
- Create a new Wallet
- Recover an existing wallet
If you already have a 24 word secret seed, you can also recover your wallet with that seed. But here we will be creating a new wallet because we don’t have an existing one.
Click on Create Wallet.
Backup Your Device
This is the most important step to be done before we start using Trezor to send and receive Bitcoins. Click on Back up your device.
Now your Trezor device will show 24 words one by one. You are supposed to write this down in the order they appear. Use the recovery card provided to note down the seed. Once you have noted the 1st-word press the next button on the device to move to the 2nd and so on.
This seed is the most important thing you have, and your wallet depends on it. Never lose it and never disclose it to anyone. In case you lose your Trezor device or it gets damaged, your wallet and funds can be recovered using this seed.
This is how it will look like when filled.
Don’t worry I have only displayed the seed for demonstration and I will be wiping out my device after this tutorial.
After you have noted down the seed, the device will ask you to re-verify it. Please do so with utmost care.
Now we have successfully backed up the device. Let’s click continue to move ahead.
Now the Trezor will ask you to set up a pin to access it. Press confirm on the device.
Enter the pin and confirm it on the next step. Please note that the order of the numbers is displayed on the device and it changes every-time. Refer to the above image.
Complete the rest of the steps as directed on the wallet website. Now your Trezor wallet is ready to be used for sending/receiving and hodling your Bitcoins and other crypto assets.
Sending/Receiving Bitcoins on Trezor wallet
Once the setup is done, sending and receiving is pretty straight forward. Connect your Trezor device and go to https://wallet.trezor.io. Enter the correct pin to unlock the wallet.
For receiving, click on the receive tab and click on generate a new address. This will generate a new address on which you can receive your bitcoins. Click on Show Full Address, to see the complete address, verify if it matches with the one displayed on your Trezor device if it does you can go ahead and press the confirm button on your device. Now you can start receiving Bitcoins on this address.
For sending, navigate to the Send tab. Fill in the details like address, amount, fees. If you pay higher fees your transactions will be confirmed faster on the blockchain. Click on Send.
Now the Trezor will ask you to confirm the address on the device. Validate the sending address and press the confirm button. Now your transaction is sent and awaiting confirmation on the Blockchain.
We learned how we can setup the Trezor hardware wallet and use it to securely send and receive Bitcoins and other cryptocurrencies on Blockchain.