No matter how much time you spend building your crypto portfolio, it can be a challenge to keep everything organized. Organization can often mean the difference between a safe transaction and mistakenly sending your cryptocurrency to the wrong address — which could mean losing that crypto forever. Today’s feature for #FeatureFriday is the answer to your organizational needs: labeling in Trezor Wallet.
What it can do
The labeling feature in Trezor Wallet lets you rename accounts, label receiving addresses, and comment on transactions by connecting Trezor Wallet to Dropbox and creating an encrypted folder where it will store your labels. It’s one more way to use a Trezor device to keep your private data secured, organized, and available from any computer.
Who can use it
Cloud labeling is a feature designed to help you be efficient and organized. Since everyone needs help with that, anyone with a Trezor hardware wallet can use cloud labeling, no matter their level of tech knowledge.
Why use it
Labeling is useful for keeping your Wallet well-ordered. Naming your accounts can help you keep track of things like “Which one is for business?” or “Which one is my HODL account?” or “Which one is for investing?” Labeling receiving addresses will help you keep your incoming payments straight according to their purpose. Commenting on transactions can help you keep track of your expenses.
How to use it
Connect your Trezor device and open Trezor Wallet. Click “Enable Labeling” in the menu on the left side of the screen and follow the prompt to sign in to Dropbox. Trezor will ask you if it can create a folder in Dropbox where it will encrypt and store your labels (you might recall from our #FeatureFriday article on Trezor Password Manager that your device also makes a folder for your passwords in Dropbox). You will have to manually confirm that on your Trezor device.
You can rename your accounts by clicking the tag next to the account name. To label a receiving address, you just have to type your label in to the space next to the fresh address, and save it. To comment on a transaction, you can fill in the space marked “Comments” for any transaction.
Created by SatoshiLabs in 2014, the Trezor One is the original and most trusted hardware wallet in the world. It offers unmatched security for cryptocurrencies, password management, and serves as the second factor in Two-Factor Authentication. These features combine with an interface that is easy to use whether you are a security expert or a brand new user.
Trezor Model T is the next-generation hardware wallet, designed with the benefits of the original Trezor in mind, combined with a modern and intuitive interface for improved user experience and security. It features a touchscreen, faster processor, and advanced coin support, as well as all the features of the Trezor One.