Bitcoin Magazine Publishes Review of Trezor Safe 7 Hardware Wallet

WHY IT MATTERS

When you own cryptocurrency, you need a private key — essentially a secret password — to access and send your coins. A hardware wallet is a small physical device, similar to a USB drive, that stores this key offline so hackers cannot steal it through the internet. "Self-custody" means you hold your own keys rather than trusting a company like an exchange to hold them for you — similar to keeping cash in a personal safe rather than leaving it at a bank. "FOSS" stands for free and open-source software, which means anyone can look at the code running on the device to check for security flaws, much like being able to inspect the blueprints of a lock before buying it. Reviews like this help people evaluate their options for securing their cryptocurrency.