First off, congratulations on deciding to get a hardware wallet, as you’re funds are going to be far safer if you use a hardware wallet, regardless if it’s the better Trezor Model T or the cheaper and more affordable Trezor One.

With that said, you may be wondering— “What if my Trezor wallet breaks or gets lost?”

The Answer

If you own a Trezor hardware wallet, chances are, you’re going to get a piece of paper for your 24-word recovery phrase; and, that’s exactly what the 24-word recovery phrase is for— as a backup as for if ever you lost or break your hardware wallet.

If you manage to break or lose your hardware wallet, you can simply purchase a new one, and simply import the 24-word recovery phrase on the new hardware wallet device itself, not on a computer or phone. As you may know, typing in a 24-word recovery phrase on a computer/phone is very risky as hackers can potentially steal your backup, hence stealing your funds.

What if my Trezor device gets lost/stolen?

If you chose a decent PIN that isn’t something like “000000“, chances are that the founder/thief of your lost Trezor device wouldn’t be able to access your funds.

Remember: Every time you enter a wrong pin on the Trezor device, the waiting time between attempts gets longer and longer; giving you enough time to get your funds out from your old wallet, to a new one. Because of this, we greatly suggest that you use at least a 6 digit PIN, to make that guessing your PIN significantly harder.

If your Trezor wallet actually gets lost or gets stolen, we heavily recommend immediately purchase a new Trezor hardware wallet and immediately generate a new wallet.

But what if I break my Trezor wallet and I need to do a transaction?

Like said earlier, typing in your recovery phrase on a computer/phone is risky. So what do you do when your hardware wallet breaks and you need to do a transaction?

Unfortunately, if you really don’t want to risk losing your funds, we heavily suggest just ordering a new one from Trezor’s official website(not from Amazon or any other website).

So if you can afford to buy hardware wallets, we really suggest buying an extra one as a backup, so you immediately have a new device to use once you break/lose your hardware wallet.

Fortunately, if you have funds to spare, Trezor has multipack promos so you can purchase multiple Trezor hardware wallets without paying for the full price.


Thanks for reading!

CryptoSec was found to help people learn how to protect their bitcoin and cryptocurrencies from scammers and hackers. If you know people that are interested in crypto, feel free to share our articles to help them out with security.

Protect your backups from EXTREME conditions

Don't miss out with the latest crypto security news.

Protect your backups from EXTREME conditions