With hacker activity increasing and more protocol exploits than ever, buying a hardware wallet like the Trezor Model T is becoming a necessity, rather than just an option. The cryptocurrency market went through a phase of tremendous growth this year. As such, it attracted a lot of attention from unwanted and malicious users. To protect their capital, investors now turn to hardware wallets.
Trezor is not only one of the oldest crypto hardware wallet producers, but it is the most popular option as well. With a reputable brand and two products enjoyed by investors all over the world, it is hard not to consider this wallet. In the world of cryptocurrencies, enthusiasts believe Trezor dominates the hardware wallet market.
In the article below, we will analyze the Trezor Model T and provide you with an insightful overview of how good it is and why you should consider using it.
Is a Hardware Wallet Necessary?
Cryptocurrency wallets are categorized based on how they store assets: hot (software) wallets and cold (hardware) wallets. While the former stores your assets online for easy accessibility, the latter uses a far safer strategy by storing them offline.
By storing cryptocurrencies through a hardware wallet, you ensure no hacker can access it. Since it is not connected to the internet, it is impossible to interact with a cold wallet without having it in your hands.
Therefore, cold wallets represent the best solution if you are looking for great security. In the past, investors would use paper wallets to store their crypto assets. However, they soon became outdated and were replaced by the more superior form of hardware wallets.
Ask yourself: Is security your primary concern? Do you own a large amount of capital that should be protected at all costs? Then the Trezor Model T could be the perfect solution for you!