How to Set Up Trezor Wallet

Trezor was the first hardware wallet ever made. It's fully open-source, meaning anyone can verify its security. Here's how to set it up.

Trezor Models

Feature	Trezor One	Trezor Model T
Price	~$69	~$219
Screen	OLED display	Color touchscreen
Input	Two buttons	Touchscreen
Coins	1000+	1400+
Passphrase	Enter on computer	Enter on device

Step 1: Unbox and Connect

• Check the holographic seal is intact
• Connect Trezor to your computer via USB
• Go to trezor.io/start
• Download Trezor Suite (official app)

Step 2: Install Firmware

New Trezors ship without firmware for security:

• Trezor Suite will prompt to install firmware
• Click "Install firmware"
• Wait for installation (don't disconnect)
• Device will restart automatically

Step 3: Create New Wallet

• Select "Create new wallet"
• Choose backup type (12 or 24 words)
• 24 words recommended for maximum security

Step 4: Backup Recovery Phrase

• Write down each word in exact order
• Use the included recovery card
• Verify by entering words when prompted
• Model T: Enter on touchscreen (more secure)
• Trezor One: Verify on computer

Step 5: Set PIN

• Create a PIN (up to 50 digits)
• Trezor One: Use randomized keypad on screen
• Model T: Enter directly on touchscreen
• Confirm PIN by entering again

Step 6: Name Your Device

• Give your Trezor a name
• Helpful if you have multiple devices
• Example: "Savings Trezor" or "Trading Trezor"

Using Trezor Suite

Trezor Suite lets you:

• Send/Receive - Manage transactions
• Exchange - Swap coins within the app
• Buy crypto - Purchase directly to Trezor
• Portfolio tracking - See all balances

Advanced: Passphrase

For extra security, enable passphrase:

• Acts as a "25th word"
• Creates hidden wallets
• Even if seed is stolen, funds are safe
• Warning: Forget passphrase = lose access