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The Trezor IO hardware wallet enhances security with a PIN code and passphrase. It simplifies crypto management, offering peace of mind for both novice and experienced users.
Last updated
The Trezor IO hardware wallet enhances security with a PIN code and passphrase. It simplifies crypto management, offering peace of mind for both novice and experienced users.
Last updated
In May 2024, Trezor integrated Ethereum (ETH) staking into its Trezor Suite, allowing users to securely stake their ETH and earn rewards. This feature, enabled through a partnership with staking-as-a-service platform Everstake, requires a minimum holding of 0.1 ETH.
Staking Ethereum involves locking up ETH to support the Ethereum network's operations, such as validating transactions and creating new blocks. This process, which differs from Bitcoin mining, provides a way for ETH holders to earn rewards while contributing to the network's security and functionality. The rewards are auto-compounded, enhancing gains over time.
The addition of ETH staking aligns with Trezor's mission to offer a comprehensive and secure cryptocurrency management solution. Users can now buy, sell, exchange, and stake their cryptocurrencies within the Trezor environment, maintaining full control over their assets while benefiting from the staking rewards.