What happens to my cryptocurrency if Trezor goes out of business?

3 answers

• Emmit HarrelsonJun 15, 2024 · 2 years ago
  Don't worry, if Trezor goes out of business, your cryptocurrency will not be lost forever. Trezor is a hardware wallet, which means it stores your private keys offline. As long as you have your recovery seed, you can restore your wallet on another compatible hardware wallet or software wallet. Just make sure to follow the proper steps and use a trusted wallet provider.
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• Taknik IncorporationNov 29, 2024 · 2 years ago
  In the unfortunate event that Trezor goes out of business, your cryptocurrency will still be safe. The private keys are stored securely on the device itself, not on Trezor's servers. You can simply connect your Trezor to another compatible wallet and access your funds. It's always a good practice to have a backup of your recovery seed in case of any unforeseen circumstances.
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• JstDOCMar 23, 2024 · 2 years ago
  If Trezor were to go out of business, your cryptocurrency would still be accessible. The private keys are stored on the device itself, and you can import them into other wallets that support the same cryptographic standards. Remember to always keep a backup of your recovery seed in a safe place, as it is crucial for recovering your funds in case of any hardware failure or loss.
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