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Private keys are used to sign transactions and verify that the owner is moving the cryptocurrencies.
A crypto transaction in my MetaMask software wallet.
Kari McMahon/Insider
He had $10.55 worth of crypto on the centralized exchange Coinbase. This is considered dangerous because I do not own the private keys and could be vulnerable to loss if the exchange is hacked or shut down.
A screenshot of my crypto assets on Coinbase.
Kari McMahon/Insider
The safest option is to self-custody private keys using a hardware wallet. Store my keys offline, mitigating the risks of online attacks. I spent $101 on “the original hardware wallet”, the Trezor Model One.
The packaging of my Trezor Model One.
Kari McMahon/Insider
The wallet came in delicate packaging that could easily slip through a mailbox.
The letterbox-sized packaging of the Trezor Model One.
Kari McMahon/Insider
I planned to place an order on Amazon, but after reading reviews where users complained about wallet tampering, I decided to use Trezor’s official site and wait a little longer for delivery.
The back of the Trezor Model One package asks customers to be careful with handling.
Kari McMahon/Insider
I didn’t need to worry about long delivery times. I placed the order on a Thursday afternoon and received the package on Monday afternoon. The box has seals to ensure that the wallet is not tampered with during delivery.
A stamp on the edge of the Trezor Model One.
Kari McMahon/Insider
Inside the package was the hard wallet, a USB cable, and a lanyard.
Trezor packaging content.
Kari McMahon/Insider
There is also a getting started guide and 2 recovery seed cards.
The Trezor Model One includes a guide to getting fit and two recovery phrase cards.
Kari McMahon/Insider
I even got some cute stickers!
Four decals come with the Trezor Model One.
Kari McMahon/Insider
Instructions to get started are minimal. Instead, visit trezor.io/start to start the setup process.
A screenshot of the Trezor web browser settings page.
Kari McMahon/Insider
I could choose between downloading the desktop app and using the web browser. Since I would only be using the wallet for this story, I opted for the web browser. The instructions said the process would take about 5 minutes.
A screenshot of the Trezor setup process.
Kari McMahon/Insider
I especially appreciated the options to change the wallet home screen, which helped make my wallet feel more personalized.
A cat home screen in my Trezor wallet.
Kari McMahon/Insider
This article is intended to provide general information designed to educate a broad segment of the public; does not provide personalized investment, legal or other business and professional advice. Before taking any action, you should always consult your own financial, legal, tax, investment or other professional for advice on matters affecting you and/or your business.
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