How is TREZOR different from an ordinary Web Wallet?

When you store your Bitcoins in a traditional web wallet you put your Bitcoins at risk of being stolen, lost, or confiscated. Here is a list of ways people have lost their Bitcoins through use of a traditional web wallet:

  • User’s computer is hacked and web wallet password is stolen
  • Web wallet server gets hacked and bitcoins are stolen
  • Web wallet company goes bankrupt
  • FBI or other enforcement agency confiscates coins
  • Web wallet provider points to ToS violation and takes coins
  • Owners of web wallet company run away with coins
  • Bug in web wallet software leads to loss of coins
  • Your computer or cell phone is stolen while you are logged in and thieves then steal your coins

If you keep your Bitcoins in a TREZOR, none of these things can happen

Source: Official website of Trezor – Trezor.io

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