How to Setup TREZOR Wallet (For First-timers) (2024)

By Hongkiat Lim in Internet. Updated on.

If you are serious about the cryptocurrencies in your possession, you should keep them in a hardware wallet because it is probably the safest. In this tutorial, I’ll show you how to set up your TREZOR – one of the most secure hardware wallet available – for the very first time.

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How to Reset and Recover Your Trezor Wallet

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Inside the box

First and formost, make sure the security seal on the box is untampered. In case you find it to be tempered, get in touch with TREZOR support.

How to Setup TREZOR Wallet (For First-timers) (1)

Here’s what you get inside the box.

How to Setup TREZOR Wallet (For First-timers) (2)

Setting up TREZOR

Setting your TREZOR for the first time is pretty straight forward. The whole process will take approximetely 10-15 minutes.

Step 1: Connect TREZOR to your computer

Connect TREZOR wallet to your computer using the USB cable provided. On your TREZOR wallet’s screen, you should then see a Lock icon, and an instruction asking you to go to trezor.io/start.

How to Setup TREZOR Wallet (For First-timers) (3)
Step 2: Go to trezor.io/start

Learn how the TREZOR PIN and the recovery seed works. Then, choose if you want to subscribe to their newsletter or not, and continue to setting up your device.

Step 3: Install TREZOR Wallet

Go to wallet.TREZOR.io if you’re not being directed to. In order for your TREZOR device to communicate with your TREZOR wallet, you can either install the TREZOR Chrome Extension, or the TREZOR Bridge specifically for your operating system.

In this guide, I’m going to go ahead using the Chome Extension.

How to Setup TREZOR Wallet (For First-timers) (4)
Step 4: Install laterst firmware

For safety reasons, no firmware will be installed when the device is shipped. Click "Yes, Install" to begin installation of the firmware for the first time.

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Cross check the firmware fingerprints on browser screen against the one on your TREZOR, make sure they matches. Click "Continue" on your TREZOR.

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Step 5: Reconnect TREZOR

Plug it out, plug it in again and go to wallet.TREZOR.io.

Step 6: Give TREZOR device a name
How to Setup TREZOR Wallet (For First-timers) (7)
Step 7: Setting up the PIN

Setting up your PIN may seem confusing at first, but once you get a grasp of it, it’s easy.

You will see a 3×3 grid (with dots) on your browser.

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And you will see a 3×3 grid (with numbers) on your TREZOR.

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Now, suppose you want your PIN to be, let’s say – 6789. You are going to refer to the exact position of these numbers in your TREZOR, and hit them in sequence in your browser.

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You will need to do this twice to confirm your PIN.

More: Learn more about TREZOR PIN.

Step 8: Write down the recovery seeds

Next, your TREZOR will display a unique combination of 24 words. This will allow you to recover your accounts in case you lose your device.

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Write them down, all 24 words, in the recovery seed card provided, word by word. Verify it again, and click Finish on your TREZOR.

Make sure you never lose your recovery seed card.

More: Learn more about PIN recovery.

Final Step: Enter PIN to access TREZOR wallet

Go to https://wallet.trezor.io/ again on your browser (if you already have it closed), enter PIN, hit enter and access your wallet for the first very time.

It should look something like this.

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  1. Access your other cryptocurrency wallets. TREZOR currently supports: Bitcoin, Bitcoin Cash, Dash, Litecoin, Zcash, Ethereum and Ethereum Classic.
  2. Customize your TREZOR device homescreen.
  3. Access security features like enabling and disabling passphrase and PIN here. You can also wipe (remove all information) your TREZOR device here.
  4. Edit device’s basic settings; e.g. Change label and PIN.
  5. Lock TREZOR device.
  6. Forget TREZOR device.
  7. Change fiat currency, currency backend and bitcore server url.
  8. Connect TREZOR to Dropbox to access features (E.g. Rename accounts, Label receiving addresses) and information (E.g. Comment transactions) TREZOR wallet and transactions.
  9. Add new account.
  10. Add old accounts before SegWit.

Useful TREZOR-related links

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How to Setup TREZOR Wallet (For First-timers) (2024)

FAQs

Is it hard to use Trezor? ›

Our software and hardware are open-source and public. Trezor devices and the tailor-made software interface Trezor Suite are easy to use, making them suitable both for beginners and advanced users of cryptocurrencies.

Is Ledger or Trezor better? ›

Key Takeaways. Ledger is the best hardware wallet overall for investors. Ledger is the best choice for investors looking for security, ease of use, and additional features like staking and NFT management. Trezor is the best choice for investors who value open source values and cheap prices.

Can you have multiple wallets on one Trezor? ›

For each supported cryptocurrency, Trezor Suite allows you to manage multiple accounts. This functionality allows easier tracking of balances and managing your cryptocurrency identity. To enhance the privacy of your transactions, you can use multiple accounts, each with a specific purpose.

Can I connect my Trezor to my phone? ›

Android users can also connect their Trezor hardware wallet directly to their mobile device, for additional functionality, including generating and verifying receiving addresses on the go, without needing to go via the desktop/web application.

Does I have to keep Trezor connected to receive? ›

To receive a transaction on addresses generated by the Trezor device, the device itself does not need to be powered-on or connected.

How do Trezor wallets work? ›

Trezor crypto wallets are based on a single chip. It's made to keep your private keys safe from online and offline threats. But how does Trezor achieve this? Trezor does so by keeping the private keys off the Internet and confirming transactions on the device.

Why is Trezor so expensive? ›

To avoid sacrificing product quality or risking customer security with chips bought from untrusted vendors, the price of both hardware wallet models will need to be increased yet again. From today, the cost of Trezor hardware wallets will be increasing to ensure their continued availability for as long as possible.

Can Trezor be trusted? ›

Based on a decade of open-source security and privacy development, the Trezor Safe 5 provides a reliable foundation for safeguarding your cryptocurrency assets. It employs the NDA-free EAL 6+ Secure Element along with PIN and passphrase protection, ensuring strong defense against both online and offline threats.

How do I create a new address on Trezor? ›

Generating multiple addresses

When receiving payments in Trezor Suite, you can use the Show full address button repeatedly to generate multiple receiving addresses. This can help you keep track of your payments as well as maintaining a higher level of privacy.

Can you reset a Trezor wallet? ›

As long as you have verified your recovery seed you can proceed with the factory reset, which will erase everything on your device including the firmware. Remember your coins are stored on the blockchain, not on your Trezor device. Your recovery seed and passphrase (if enabled) are the keys to your accounts.

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