Trezor Suite features, explained one by one

The dashboard totals your accounts into a single figure, converts it into the fiat currency you choose, and draws it over a range of time periods. Below the headline number you get the allocation — how much of the portfolio sits in each asset — and a list of accounts with their individual balances.

Two details are worth knowing. First, the valuation comes from price data providers, so it is an estimate for orientation, not an accounting figure; tax software will want transaction-level records instead. Second, discreet mode hides all balances and values with a single click, which is the setting to use when someone is looking over your shoulder or you are screen-sharing.

The activity view lists transactions with their status, so you can see what is still unconfirmed rather than guessing from a missing balance.

You add an account for each network you use, give it a name and a colour, and from then on it has its own address set, balance and history. Because every account is derived from keys on the same hardware wallet, one device can carry a whole multi-coin setup without you juggling anything.

When you add a Bitcoin account, Suite asks which address type you want. The modern default option is the right choice for almost everyone; you would only pick an older type to interact with legacy services. Tokens such as ERC-20 or SPL assets appear grouped under the account of their parent network rather than as separate accounts.

Accounts are not on a server anywhere. If you install Suite on a second computer and connect the same device, the accounts are re-derived from the device — which is also why labels deserve a thought, since they live on the computer that created them.

To receive, you open an account and copy its address — or show the QR code for a phone to scan. Suite hands out a fresh receiving address each time you ask for one, which is good for privacy: reusing one address links all of your incoming payments together in public. Before you accept a large payment, compare the first and last few characters of the address on the device screen with what you copied.

To send, you enter the destination and amount, choose a fee level, and Suite builds the transaction. The hardware wallet then shows the address and amount on its own display and waits for a physical confirmation. Nothing leaves until you press that button, and what you see on the device screen is the truth — if it disagrees with what your computer shows, trust the device and stop.

Fees are presented as simple levels — a low, normal and high option derived from current network conditions — plus a custom setting if you want to set the rate yourself. Low fees save money and wait longer; on networks that support fee bumping you can raise the fee on a stuck transaction afterwards. Remember that the fee goes to the network's miners or validators, not to the app.

Suite includes buy, sell and swap flows that connect you to external service providers. You compare quotes inside the app, and the crypto you buy arrives in your own account rather than sitting with a custodian. The trade-off is that in most cases the provider performs identity checks and applies its own fees, minimums and supported-asset list, and those change from country to country.

The earn section works the same way: staking for supported proof-of-stake assets is delegated through an integrated provider, and any lock-up period or commission is disclosed before you commit. As with anything that promises a yield, understand where the return comes from and what happens if the network's conditions change.

Firmware updates are offered from inside Suite, with the new version's signature verified before anything is written to the device. You confirm the update on the device itself, and the device keeps working with your existing seed throughout.

The same section holds your PIN settings, the passphrase feature that creates hidden wallets behind an extra word of your choosing, the backup check you should run to confirm your written seed is actually correct, and the wipe function that erases the device for resale or replacement. On models that support Shamir backup you can choose a multi-share backup instead of a single seed, which lets you split trust across several locations without any one of them being able to spend alone.

Because a wallet has to ask someone about your balances, that someone can normally learn which addresses belong together. Suite gives you four ways to reduce that:

Settings covers language, fiat currency, appearance, the backend Suite connects to, and application updates. There is also an analytics switch — telemetry about how the app is used, which can be left off entirely and should be a conscious choice rather than something you click past during setup.

Keep the app updated. Security fixes ship in both Suite and the firmware, and an old build is the easiest thing for an attacker to target. Because the code is open source, release notes and commits are public — which is more transparency than most wallet software offers.