Trezor 5 vs Trezor 3 + Bonus Security Tip

Trezor 5 vs Trezor 3 + Bonus Security Tip

We are going to highlight the key differences in what the Trezor 5 offers in comparison to the Trezor 3. These include the addition of an auto-suggest feature, a haptic touch screen, a larger screen and a multi-share backup system.

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Key Differences

Auto suggest

The Trezor 5 includes an auto-suggest feature that enhances usability by providing predictive text or options during input, making navigation and transaction processes quicker and more intuitive.

Haptic Touch Screen User Experience

The inclusion of a haptic touch screen enhances the user experience by making interactions with the device more intuitive and responsive. This means that when you interact with the screen—such as pressing buttons or making selections—you receive physical feedback, like a slight vibration or a tap, which confirms that your input has been registered.

Larger Screen

The device is equipped with a larger touchscreen, improving visibility and making it easier for users to review transaction details, addresses, and other critical information.

Multi-Share Backup

Trezor 5 introduces a multi-share backup system, which allows users to split their recovery seed into multiple parts. These parts can be stored separately, providing an additional layer of security. Even if one part is compromised, the complete seed remains safe, reducing the risk of loss or theft.

Bonus Security Tip

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It is all fair and well to store your privacy keys offline with a hard wallet, but what happens if someone knows you have a hard wallet and breaks into where you store it and steals it?

The most effective way to mitigate this risk is by utilizing the Multi-share backup method. With a 3 out of 5 backup configuration, if you store one or two shares at home and the remaining shares in different secure locations, potential thieves would not be able to use the two shares kept at your residence to access your wallet.

Upgrade your single-share backup to a multi-share backup. You could then choose to either destroy the single-share backup or store it securely, such as on a Trezor Keep Metal, in a safe location.

These two articles from their knowledge base and blog deep dive into the topic of backups and their safe storage:

How to store your Bitcoin wallet backups
Tips for keeping your recovery seed safe for the long term
Keeping your Trezor recovery seed safe
Your Trezor creates and stores your keys safely offline, keeping you safe from remote attacks, and your recovery seed protects those keys if the electronics get damaged.