A Bitcoin love story: two Trezors are better than one.
Tags: Wallet, Valentines Day, Product, Bitcoin, Cryptocurrency

With Valentine‘s day just around the corner, everyone’s looking to couple up — even hardware wallets! For lovers and strong sovereign individuals alike, cryptocurrency may be the one way to achieve a fairy-tale ending.

To make this Bitcoin love story last, we offered a special deal on a Trezor Model One double pack, which will keep your coins safe without holding you back. The double pack came in three color pairings : black, white or both.

Stop fretting over security and get on with building a happy financial future.

The 25% Valentine’s discount period has ended. Subscribe to our newsletter and we’ll let you know about our next deal.

Bitcoin is for happily ever after. We’re here to make sure you can hodl on safely until the time comes.

What can I do with two hardware wallets?

There are many ways to use multiple wallets. Since it’s Valentine’s, lets take a look at how you can benefit from two devices in a committed relationship — even if your only significant other is Bitcoin.

Better crypto security for individuals: keep a backup

One person, two wallets: a popular fantasy. If you’re looking to spice up your security setup, a double pack is ideal. Keep one wallet at home, watching the coins — a backup loaded with the same recovery seed — and take your everyday spender with you as your two-factor authenticator.

This approach provides a failsafe if your primary wallet is lost or stolen. It means that you can still easily access your account and move your coins to a new, safe seed.

Set up a deposit wallet

Devoted hodlers are more inclined to make one wallet their primary wallet. This can be kept safe under lock and key, with its seed engraved in steel, ’til death do you part.

Having a second Trezor loaded with a different seed lets you safely manage any funds you need to have access to in the short-term. Create a few addresses using the primary wallet so you can make deposits, and try to make a routine of transferring excess coins to it.

Check on your primary wallet occasionally, to create new deposit addresses and to apply any security firmware updates.

The lovebirds: shared access to one account

Head-over-heels for a crypto Chad or Bitcoin babe? If you’re ready to commit to life together forever — and are blinded by love — you might want to share access to your coins. This is easy to do with two Trezors, but a big mistake! Make sure you understand the risks before taking this next big step in your relationship.

If you want to share an account with someone else, knowing that they can take all of your coins on a whim, simply generate one seed during setup and then recover that seed onto your wallet. Voilà — you’ve reached a new stage of financial intimacy!

This method is not recommended as it puts your funds in the custody of someone else. If your significant other insists on sharing a seed, just know that you can always tuck some savings behind a passphrase, which is good practice anyway, and the other user would not be able to access it.

The prenup: separate wallets, separate seeds

Try going trustless, with a hardware wallet each: two seeds, two accounts, each of you with control over your own assets and no point of contention if things go south. If your partner hasn’t yet tried bitcoin, this is the best way to introduce them. Get a double pack and teach them to set up their own custody.

For this approach to be successful, you should each keep your recovery in a location private to only you. Either store it in a personal safe at home or consider putting it in your bank vault. While you may feel there’s no reason to hide your seeds, your partner may inadvertently compromise its security if they know where it is stored.

For a more practical joint account in a family setting, you can choose to create a multisignature account that both you and your partner contribute to, which requires approval from both your wallets or one of your wallets plus that of a third-party custodian.

Special mention: the open relationship

Two Trezor Model One wallets can be used together to manage a multisignature wallet. Generally, however, these use 3 or more wallets to create redundancy. If you’re a business looking for an easy way to manage multiple keyholders, make the jump into multisig and stack up on a few more devices.

The Trezor Model One is perfect given it’s low cost and ease of use, but if the time comes when you want to create even more sophisticated setups you will likely benefit more from a Trezor Model T to create a distributed recovery seed using Shamir backup.

₿ our Valentine! ❤️

Fewer bitcoins will be produced every four-year halving cycle until 2140, when the last coin is mined. The theory that ‘Number go Up’ is looking pretty attractive for those seeking long-term commitment. We’re here to help you find that match.

Before hopping on board the Bitcoin love train, make sure you’re ready for the ups and downs that come — get your hands on the most trusted hardware wallet in the world and hodl for the long run. If all goes well, you’ll never turn back to fiat.

Happy Valentine’s Day!