Does Trezor Report to the IRS/HMRC?

Answer

Satoshi Labs — the company behind Trezor, doesn’t report to IRS, HMRC, or other tax authorities. But not only that they don’t — (though we can’t verify this ourselves) it’s highly likely that they also can’t.

Especially if you use your Trezor with other wallets such as MetaMask and Electrum in the first place, then Satoshi Labs wouldn’t be able to collect any data. That, and Satoshi Labs doesn’t know your wallet addresses in the first place as your wallets are generated randomly offline.

Extra safety precautions

Just to be extra sure that Satoshi Labs aren’t getting any of your data and connecting the data to your personal identity, there are some extra safety precautions you can take.

Turn off Usage Data collection on Trezor Suite

Trezor states that they collect anonymous analytic data from their users.

If you want to turn this off just to be sure:

1. Open the Trezor Suite app
2. Click on the Settings icon on the top right
3. Under the Application, turn off Usage data

Don’t use Trezor Suite

You don’t necessarily need to use Trezor Suite software besides if you’re going to update your Trezor device’s firmware, as you can connect your Trezor device to other wallets such as MetaMask and Electrum.

Use a VPN

Using a VPN masks your IP address, making tracing things to your real IP address(and personal identity) significantly difficult.

Where can I purchase a Trezor hardware wallet?

Always purchase the hardware wallets on their official websites. In this case: trezor.io

You risk purchasing fake Trezor hardware wallets when purchasing hardware wallets from 3rd party websites like Amazon, Lazada, eBay, Shopee, and others.

Depending on where you’re from, while purchasing from Trezor directly may cost you a few more dollars, it’s worth paying that small premium for the extra security.