Trezor Suite Lite FAQs (2024)

This FAQ page offers essential information about the app, its compatibility, features, and functionality. Trezor Suite Lite serves as a mobile companion to the desktop/web version of Trezor Suite, enabling on-the-go monitoring of your Trezor hardware wallets.

As a watch-only app, it allows you to keep track of your portfolio, generate receiving addresses, and monitor transactions without having your Trezor device to hand.

TABLE OF CONTENTS
  • Which devices are compatible with Trezor Suite Lite, and how can I ensure it works properly on my device?
  • Is the Trezor Suite Lite mobile app free?
  • Is the mobile app secure?
  • Can I update the firmware on my Trezor hardware wallet via the mobile app?
  • What can I do with the Trezor Suite Lite?
  • Is Trezor Suite Lite a standalone wallet?
  • What is a public key (XPUB)? Or receive address?
  • Why don't I see my coin listed?
  • How do I send crypto in Trezor Suite Lite?
  • Can I access my passphrase-protected hidden wallet(s)?
  • Can I add a new coin or account?

Which devices are compatible with Trezor Suite Lite, and how can I ensure it works properly on my device?

The Trezor Suite Lite mobile app is designed to work seamlessly on devices running iOS 15 and higher, as well as Android 12 and higher. This means that you can download and use the app on your iPhone, iPad, or iPod Touch, as well as on your Android smartphone or tablet.

To ensure that you can use the app on your mobile device, make sure that your operating system is up to date. The app may not work properly on older versions of iOS or Android.


Is the Trezor Suite Lite mobile app free?

Yes, Trezor Suite Lite is free to download and use.


Is the mobile app secure?

Yes, the mobile app is secure. Your cryptocurrency assets are protected with encryption and multi-factor authentication. The mobile app uses the same security protocols as the Trezor hardware wallet, which is widely regarded as one of the safest ways to store cryptocurrency.


The mobile app does not store any private keys or sensitive information on your mobile device. This means that even if your phone is lost or stolen, your cryptocurrency assets are still safe and protected.


Can I update the firmware on my Trezor hardware wallet via the mobile app?

No, it is not possible to update the firmware on your Trezor hardware wallet via the mobile app.

To update the firmware on your Trezor device, you will need to use the Trezor Suite desktop or web app.

  • Android users can update firmware using the the Trezor Suite web app for Chrome directly on their phone
  • iOS users will need to connect their Trezor to a computer in order to update via Trezor Suite

Android users can check the firmware status of a connected device by clicking on the top switcher bar, then clicking Device info:

Trezor Suite Lite FAQs (1)

This reveals the Device info screen, which displays firmware status, device name, Trezor model type and the installed firmware version:

Trezor Suite Lite FAQs (2)

What can I do with the Trezor Suite Lite?

The mobile app mainly serves as a companion to the desktop/web version of Trezor Suite. For all mobile devices it functions as a Portfolio Tracker, allowing you to monitor transactions and receive funds.


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.


Is Trezor Suite Lite a standalone wallet?

No, the mobile app cannot be used as a standalone wallet. It is designed to work as a companion to the desktop/web version of Trezor Suite as a way to keep up with your Trezor portfolio on the go.


What is a public key (XPUB)? Or receive address?

An XPUB is a master public key for hierarchical deterministic wallets like bitcoin, generating multiple child keys and receive addresses for improved privacy. Ethereum uses a single, unchanging address for all transactions. For Ethereum, share only your address, while keeping your private key secure.


Why don't I see my coin listed?

Trezor Suite Lite currently supports a limited number of cryptocurrencies. If your coin is not listed, it may not be compatible with the app. However, Trezor regularly adds support for new coins, so check back periodically to see which coins have been added.


How do I send crypto in Trezor Suite Lite?

Trezor Suite Lite is a watch-only portfolio tracker, which means it is designed to help you monitor your cryptocurrency holdings and transactions. Unfortunately, it is not currently possible to send crypto using Trezor Suite Lite. To send crypto, use the full version of Trezor Suite with your Trezor hardware wallet. This will provide you with the necessary security and functionality to manage and perform transactions with your cryptocurrencies.


Can I access my passphrase-protected hidden wallet(s)?

Not yet, but we are working on enabling this feature in a feature release.


Can I add a new coin or account?

Currently, Trezor Suite Lite only discovers assets with an existing transaction history. This means you cannot enable coins (to get a receive address) that do not have an associated transaction history; new coins and accounts can only be enabled in the desktop or web version of Trezor Suite.

If you have any questions or concerns about using the mobile app, contact Trezor support via our chatbot Hal who will help resolve your issue.

Trezor Suite Lite FAQs (2024)

FAQs

What are the disadvantages of Trezor? ›

What are the disadvantages of Trezor? Some users have criticized Trezor for being slow to add new cryptocurrencies and requiring third-party integrations for staking and NFT management.

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.

Can you check Trezor balance without connecting? ›

Even when your Trezor device is disconnected, you can still keep track of your balances with View-only. This feature provides peace of mind by allowing you to monitor your funds without compromising security.

Does Trezor know your private key? ›

Your Trezor hardware wallet stores your private keys offline, which protects them from potential hacks or unauthorized access. By keeping your keys in a secure, offline environment, you can minimize the risk of losing your funds.

Can you still get hacked with Trezor? ›

It might be possible for a malicious third party to steal your Trezor and replace it with a fake one. If embedded with a wireless transmitter, the fake device could transmit any PIN it received. The attacker would then have full access to your funds.

Does Trezor report to IRS? ›

Does Trezor automatically deduct taxes? No, as of 2024, Trezor does not automatically deduct taxes from crypto trades. However, Trezor might still report your crypto transactions to your country's tax authority, like the IRS or HMRC.

Is Trezor Suite Lite safe? ›

Yes, the mobile app is secure. Your cryptocurrency assets are protected with encryption and multi-factor authentication.

What happens if someone steals your Trezor? ›

If your Trezor was lost or stolen, you will need your Trezor's secret recovery phrase to restore and move the funds to a new secure wallet. If your Trezor was lost or stolen, you will need your Trezor's secret recovery phrase to move the funds to a new secure wallet.

What is the bump fee in Trezor? ›

Replace-by-fee (RBF) is a feature that allows users to replace one version of an unconfirmed transaction with a different version of the transaction that pays a higher transaction fee (i.e., bump the transaction fee). This can be done multiple times while the transaction is unconfirmed.

What does "eject" mean on Trezor Suite? ›

Eject removes the wallet from view while Trezor Suite is running. Ejecting a Passphrase wallet will make the user enter the passphrase again. Ejecting a Standard wallet will stop tracking address balances. To find the wallet again, click Add wallet, or reconnect and unlock your Trezor.

Is Ledger or Trezor better? ›

Ledger: Currencies. When it comes to supported cryptocurrencies, Ledger outpaces Trezor, with Ledger supporting over 5,500 cryptocurrencies compared to Trezor's 1,289 or 1,456 depending on the model.

What is a hidden wallet on Trezor? ›

By using a passphrase, you're effectively adding an extra word to the wallet backup (recovery seed), creating a brand new Passphrase wallet, which are often referred to as 'Hidden' wallets.

Is Trezor suite anonymous? ›

Features of Trezor Suite app

Tor is open-source software that enables anonymous communication. Using Tor makes it more difficult to trace a user's Internet activity. Taproot makes Bitcoin transactions safer by improving privacy & network efficiency.

What is the 24-word passphrase in wallet? ›

Your 24-word recovery phrase (sometimes also called a mnemonic phrase, Secret Recover Phrase or seed phrase) is the master key to all your crypto accounts. Anyone gaining access to your recovery phrase can very easily clone your accounts on their own device (or software wallet) and spend your funds.

How many addresses can Trezor generate? ›

Trezor uses public-key cryptography for various purposes, including transaction signing and Trezor Password Manager. Users can create as many addresses as they want without any costs.

Can Trezor be trusted? ›

If your device was purchased from the official Trezor Shop, Amazon storefront or an authorized reseller, it is most likely safe to use. Never buy a Trezor from an unauthorized third party, as you can never tell who may have had access to it before you.

What happens if Trezor fails? ›

You can recover your wallet with all its accounts, addresses and private keys using your recovery seed. This feature is used after your wallet is wiped from your Trezor or you lose/damage your Trezor and need to recover your wallet using another device.

Is Trezor worth it? ›

Trezor One Review: Conclusion

The level of security that the Trezor One provides along with a very user-friendly and convenient interface makes the Trezor One suitable for both new and experienced crypto users looking for a seamless and simple way to store, manage, buy, sell, and exchange assets.

Is Trezor safer than Coinbase? ›

By comparing Coinbase vs Trezor overall scores, we clearly see that Coinbase has the higher overall score of 8.6. Trezor, on the other hand, has scored 6.9 final points. One of the best hardware cryptocurrency wallets ever made. One of the safest software crypto wallets.

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