Category: ubig-ubq

Ubiq & Trezor: A Quick Guide

Ubiq now supports both of the most popular and trusted hardware wallet devices on the market. Until recently, to enjoy the benefit of securing your UBQ and Ubiq-based tokens using a hardware device, your only option was the Ledger Nano S. Now, Ubiq support has come to Trezor hardware as well. We will explore the initial setup of your Trezor, sending funds from your new hardware, and some key differences between the Nano S and the Trezor One.

In this quick guide we’ll be using the original style Trezor, also known as Trezor One. The new Trezor T is not yet generally available, but the steps in this guide are still applicable when using the new model with Ubiq.

Overview

Trezor comes in tamper evident packaging and encourages the user to contact the manufacturer if they believe the box has been opened by someone else before arrival.

Upon connecting the device for the first time, the user will be prompted to navigate to the website —

https://trezor.io/start/

Once you have reviewed the information and provided an email address for support (Optional), scroll to the bottom of the page and click “Done, Let’s Go!”

Firmware

You will now download and install the device firmware. A window will appear explaining that Trezor ships without firmware and a prompt will appear on the device asking you to either Abort or Continue.

Select Continue by clicking the hardware button below your selection.

Once the firmware has been downloaded you will be prompted to check the firmware fingerprint by comparing the number on the screen of the device to the number displayed on your computer in the popup window. If they match, select Continue on the Trezor.

You will be told to reconnect the device. Disconnect the cable from the Trezor hardware, and reconnect it.

Once the device is re-connected, you will see a prompt on your computer giving you the option to label your device with a name. This label may be changed in the future if you so chose.

PIN Entry

The locations of the corresponding digits on the Trezor hardware are randomized each time they are displayed to better protect your wallet.

The next step is to set up the PIN. A grid will appear on both the screen of the Trezor and in a window on your computer. This 3×3 grid will have numbers 1 through 9 dispersed randomly on the Trezor screen. On your computer, this 3×3 grid will be unpopulated. The location of the numbers on the Trezor correspond to the same square on your computer screen.

Referencing the location of the numbers in the grid on your Trezor, use your computer to select the 8 digit PIN you wish to use to lock your hardware.

Click Enter. The numbers will randomly rearrange on the Trezor screen, and you will be prompted to re-enter your PIN again. Do so, and click Enter.

Seed Phrase

Once the PIN set up is complete, the next step is to record your seed phrase.

A popup will appear titled “Recovery seed setup”. Read this prompt carefully!

Write down or otherwise record in safe place each word that is displayed, one at a time, on the screen of the Trezor. Use the right hardware button on the Trezor to advance to the next word.

Once you have cycled through all 24 seed words you will be prompted to double-check that you have recorded them correctly.

Click through all 24 words again and be sure you have made no errors.

Confirm that you have recorded the seed phrase correctly, and continue.

( NOTE! Even a simple mistake made during this process can lead to loss of funds if you require this phrase to regenerate a wallet in the future.)

Your initial set up is complete! On to Ubiq!