Since SatoshiLabs released its TREZOR "Bitcoin Safe" hardware wallet back in 2013, building an integration for Copay users has been on our to-do list. With Copay version 1.5.0, our desktop Chrome app can now work directly with TREZOR devices.
TREZOR allows bitcoin users to store their private keys on an external offline hardware device. This keeps funds safe from vulnerabilities – accidental or malicious – that can affect devices connected to the Internet. Whenever a TREZOR user wants to send money, they can use TREZOR to sign their bitcoin transaction – all without exposing their private keys to those potentially-compromised devices or networks.
We have a few use cases for TREZOR's Copay integration that we're excited to share with our users:
Creating your First Copay TREZOR wallet
Creating a personal Copay wallet with TREZOR as a signing device is easy.
Create view of the Copay Chrome App, click on
Show Advanced Options and select
TREZOR Hardware Wallet under
Once you hit
Create in Copay, the TREZOR app will pop up and prompt you to export two public keys.
Your new wallet will work just like any other Copay wallet, but once you need to sign a transaction, you'll need to view and confirm the transaction details on your linked TREZOR device.
Adding Restricted-Access Devices
You can also add devices that are restricted from signing funds themselves. Just export the TREZOR-connected Copay wallet and import it into your phone or other device. Now you'll be able to check your wallet balance and transaction history and create spend proposals from any device.
Transactions are still signed only from the TREZOR device through your TREZOR-connected Copay Chrome App, and no private keys are stored online.
Securing TREZOR Funds With Multisig
With Copay, TREZOR users can add multisignature to their wallets for increased wallet security or shared wallet ownership.
To do that, just select
Advanced Options when creating or joining a shared wallet. Any multisig combination is allowed, and each Copay multisig wallet can connect to TREZOR, Ledger, or software wallets.
Restoring Copay Funds From TREZOR
In case you lose access to the Copay Chrome App you've used to host a Copay TREZOR wallet, you can fully recover the wallet with just the TREZOR device. Install the Copay Chrome App again, go to
Import Wallet, and select
TREZOR under the
Hardware Wallet tab.
To finish restoring your wallet, import the funds held on your TREZOR directly into Copay by going to
Import Wallet and entering the 24-word seed backup.
Please refer to our Hardware Wallet Support Section in our Copay README for more details.
Getting Started With Copay's TREZOR Integration
To get started with the new integration, download the latest version of our Copay Chrome app, and let us know what you think at BitPay Labs. As always, you can also share any issues or pull requests with us on GitHub.