Trezor Wallet: Simple Bitcoin Security

Summary

In this informative video, Ben from BTC sessions guides viewers through the setup and use of the Treasure Safe 3, a hardware device designed to securely store Bitcoin keys offline. The tutorial covers initial setup, including firmware installation, device authentication, and recovery seed backup. It also highlights the device's secure element feature, which enhances security by isolating keys. Ben emphasizes the importance of safeguarding recovery seeds and PINs, and demonstrates receiving and sending transactions using Treasure Suite software and Sparrow Wallet. The video concludes with a discussion on the device's Bitcoin-only firmware and the potential for firmware updates without proprietary apps.

Takeaways

• 🛡️ The Treasure Safe 3 is a hardware device designed to securely store Bitcoin keys offline.
• 🔧 The setup process involves using the Treasure Suite software and the device itself for a secure element chip that houses the keys.
• 🔄 The device supports Bitcoin-only firmware, which is recommended for enhanced security when securing Bitcoin.
• 📝 Users are instructed to create a physical backup of their recovery seed, a list of 12 words, to recover the wallet in case the device is lost or damaged.
• 🚫 It is advised against taking a digital copy or picture of the recovery seed due to the risk of unauthorized access.
• 🔑 A PIN is set up for the device to provide an additional layer of security against unauthorized physical access.
• 💰 The device allows users to check their wallet balance and transaction history through the Treasure Suite software.
• ✅ The script includes a demonstration of receiving Bitcoin into the Treasure Safe 3 and verifying the transaction through the device.
• 💸 Sending Bitcoin from the wallet is also demonstrated, including setting the transaction fee and confirming the send address and amount on the device.
• 🔄 The script explains the recovery process using the 12-word recovery seed if the device is lost or the setup needs to be redone.
• 🔗 The Treasure Safe 3 can be used with other software like Sparrow Wallet, allowing users to migrate from Treasure Suite if desired.

Q & A

What is the primary function of the Treasure Safe 3 hardware device?

The primary function of the Treasure Safe 3 is to securely store the keys to your Bitcoin, keeping them offline and safe from potential online threats.

Who is the speaker in the video and what is his role?

The speaker in the video is Ben from BTC sessions. He provides educational content and one-on-one private education sessions related to Bitcoin and cryptocurrency.

What are some key features of the Treasure Safe 3 device?

Key features of the Treasure Safe 3 include a secure element chip for storing keys, a display screen, two buttons for user interaction, and a USB-C port for connecting to a computer.

What is the significance of the recovery seed provided with the Treasure Safe 3?

The recovery seed is a series of 12 English words that act as a backup for your Bitcoin wallet. It is crucial for recovering your funds if the device is lost, damaged, or stolen.

How does the Treasure Suite software assist in setting up and using the Treasure Safe 3 device?

The Treasure Suite software guides users through the setup process, including device authentication, firmware installation, wallet creation, and backup of the recovery seed. It also facilitates sending and receiving transactions.

What is the recommended way to store the recovery seed for the Treasure Safe 3?

The recommended way to store the recovery seed is by writing it down on paper and keeping it in a secure and private location. It is also suggested to have a steel backup of these words for added protection against fire, water, and corrosion.

Why is it advised not to take a digital copy of the recovery seed?

Taking a digital copy of the recovery seed poses a security risk as it could be accidentally uploaded to the cloud or accessed by unauthorized individuals. The recovery seed essentially holds the keys to your Bitcoin, so keeping it offline and secure is crucial.

What is the role of a PIN with the Treasure Safe 3 device?

The PIN adds an additional layer of security to the device. It is required to access and use the device, preventing unauthorized physical access to the funds stored on the device.

How does the Treasure Safe 3 differ from previous models in terms of security?

The Treasure Safe 3 introduces a secure element chip, which segregates and protects the keys to your money. This feature enhances security by making it more difficult for anyone with physical access to the device to extract the keys, improving protection compared to previous models.

Can the Treasure Safe 3 be used with other software besides Treasure Suite?

Yes, after the initial setup with Treasure Suite, the Treasure Safe 3 can be used with other software, such as Sparrow Wallet for desktop, allowing users to manage their Bitcoin with alternative applications.

What is the process for recovering a lost or damaged Treasure Safe 3 device?

To recover a lost or damaged Treasure Safe 3, you would use the recovery seed, which is a list of 12 English words. You would then follow the recovery process in the Treasure Suite software or compatible alternative software to regain access to your Bitcoin.

Outlines

00:00

💡 Introduction to Treasure Safe 3 and Bitcoin Security

The video begins with an introduction to the Treasure Safe 3, a hardware device designed to securely store the keys to Bitcoin wallets. The host, Ben, explains that the device keeps the keys offline, ensuring the safe storage of Bitcoin. He also mentions the importance of education and offers private one-on-one sessions through his website, BTC sessions.com. Ben highlights the sponsorship of the show by hodle hudle.com, a platform for peer-to-peer trading and self-custody of Bitcoin without KYC requirements. He also discusses the importance of backups and introduces other hardware options like Coinkite's offerings and cedor's steel backup system. The video aims to guide users through setting up and using the Treasure Safe 3 device on a desktop or laptop computer.

05:02

📱 Downloading and Installing Treasure Suite Software

In this section, the host instructs viewers on how to download and install the Treasure Suite software, which is essential for using the Treasure Safe 3 device. He emphasizes the importance of visiting the official website to avoid malicious links and guides through the process of downloading the software for desktop computers. Ben also mentions the option to use Sparrow Wallet, an alternative software, and provides a link for downloading it. He stresses the importance of having a backup and a basic understanding of Bitcoin wallets and transactions to get started with the tutorial.

10:03

🔧 Unboxing and Setting Up Treasure Safe 3

The host describes the contents of the Treasure Safe 3 box, including the device itself, a USB-C cable, and a recovery sheet. He explains the importance of the recovery sheet, which contains 12 English words that serve as a backup key to the Bitcoin stored on the device. Ben also discusses the process of setting up the device, including installing the latest firmware, authenticating the device's legitimacy, and navigating the device's functions using buttons. He emphasizes the security benefits of using a Bitcoin-only firmware and the importance of securing Bitcoin separately from other cryptocurrencies.

15:06

🔒 Creating a Wallet and Backing Up

This part of the video focuses on creating a new wallet on the Treasure Safe 3 device and backing it up. The host explains the process of backing up the wallet using a standard seed backup, which involves writing down 12 recovery words. He stresses the importance of securely storing these words and not making digital copies to prevent unauthorized access. The host also introduces the concept of Shamir backup, which allows for more secure storage of recovery words in multiple locations. He then guides viewers through the steps of setting up a new wallet, agreeing to terms and conditions, and verifying the backup words.

20:07

🛡️ Securing the Device with a PIN

The host continues the setup process by explaining how to add a PIN to the Treasure Safe 3 device for an additional layer of security. He advises using a strong PIN to protect the device from unauthorized physical access. The video demonstrates how to set the PIN, confirm it, and the importance of keeping the PIN safe. The host also discusses the activation of coins and the option to add testnet support for practice transactions. He concludes the setup process by naming the device and accessing the Treasure Suite application.

25:07

💼 Exploring Treasure Suite and Managing Wallets

The host provides an overview of the Treasure Suite dashboard, highlighting features such as the wallet value, receive button, and account listings. He explains the ability to create multiple Bitcoin accounts for different purposes and the option to rename them. Ben also discusses the activity tab, which shows notifications and recent actions, and the settings menu, where users can customize the application, including language, fiat currency, and privacy settings. He emphasizes the importance of keeping the recovery seed and PIN secure and the options available for device management, such as checking the backup, firmware updates, and device safety checks.

30:11

💱 Receiving Bitcoin into Treasure Safe 3

The video demonstrates how to receive Bitcoin into the Treasure Safe 3 device. The host explains the process of generating a receiving address, verifying it on the device, and copying or scanning the QR code. He shows an example of receiving Bitcoin from an exchange and emphasizes the importance of checking the receiving address before confirming the transaction. The host also discusses the pending status of Bitcoin transactions and how the balance will update once the transaction is fully settled.

35:12

🚀 Sending Bitcoin from Treasure Safe 3

The host guides viewers through the process of sending Bitcoin from the Treasure Safe 3 device. He explains the importance of specifying the recipient's address, the amount to be sent, and the transaction fee. The video covers the options for setting the fee according to the desired transaction speed and the use of Replace-By-Fee (RBF) for bumping the fee if necessary. The host also discusses the broadcast option and coin control features. He demonstrates the process of reviewing and confirming the transaction on both the device and the Treasure Suite application.

40:13

🔄 Recovering Wallet from a Backup

The host explains the process of recovering a wallet from a backup in case the device is lost or damaged. He walks through the steps of wiping the device, reconnecting it, and using the 12-word recovery seed to restore access to the funds. The video demonstrates how to set a new PIN and complete the setup process after recovery. The host also mentions the option to use other software like Sparrow Wallet with the Treasure Safe 3 device and provides a brief overview of the wallet's features and settings.

45:14

📝 Final Thoughts on Treasure Safe 3 and Bitcoin Security

The host shares his final thoughts on the Treasure Safe 3 device, highlighting its ease of use, the clean and simple interface of the Treasure Suite software, and the importance of the secure element chip for enhanced security. He expresses a desire for easier firmware updates without relying on the proprietary app and suggests that future models should also incorporate the secure element. The host reiterates his preference for Bitcoin-only firmware and encourages viewers to share their thoughts and feedback in the comments section. He also reminds viewers of the resources available for further education and support.

Keywords

💡Treasure Safe 3

The Treasure Safe 3 is a hardware device designed to securely store the private keys for Bitcoin transactions, ensuring the safekeeping of cryptocurrency assets offline. It is a key focus of the video, with the host, Ben, guiding viewers through its setup and usage. The device is highlighted for its security features, including a secure element chip that houses the keys, providing an additional layer of protection against physical access.

💡Bitcoin

Bitcoin is a decentralized digital currency that operates on a peer-to-peer network, independent of a central authority. In the context of the video, Bitcoin is the primary cryptocurrency that the Treasure Safe 3 is designed to secure. The host discusses various aspects of Bitcoin, including its storage, transaction processing, and the importance of securing Bitcoin with a hardware wallet.

💡Recovery Seed

A recovery seed is a series of words that act as a backup for the private keys used to access and control cryptocurrency funds. It is a crucial security feature that allows users to recover their wallet and funds in case the hardware device is lost, damaged, or compromised. In the video, the host explains the importance of safely backing up the recovery seed and provides a step-by-step guide on how to write it down and verify it during the setup process.

💡PIN Protection

PIN protection is a security measure that requires users to enter a personal identification number to unlock and access their hardware wallet. This adds an extra layer of security, preventing unauthorized physical access to the device. In the video, the host sets up a PIN for the Treasure Safe 3, emphasizing the importance of choosing a strong PIN and keeping it safe.

💡Firmware

Firmware refers to the software that provides the instructions for the operation of a hardware device. In the context of the video, firmware is crucial for the Treasure Safe 3 as it runs the device and enables it to interact with the Bitcoin network. The host discusses updating the firmware to the latest Bitcoin-only version for enhanced security and compatibility.

💡Sparrow Wallet

Sparrow Wallet is a desktop application that serves as a user interface for interacting with a hardware wallet like the Treasure Safe 3. It allows users to manage their cryptocurrency assets, view transaction history, and perform send/receive operations. In the video, the host demonstrates how to connect the Treasure Safe 3 to Sparrow Wallet and use it as an alternative to Treasure Suite for managing Bitcoin.

💡Secure Element

A secure element is a separate, isolated chip within a hardware wallet that stores the cryptographic keys, providing an extra layer of security. It is designed to protect against physical attacks by ensuring that the keys cannot be easily extracted from the device. The Treasure Safe 3 features a secure element, which is highlighted in the video as a significant upgrade from previous models.

💡Transaction

A transaction in the context of cryptocurrencies like Bitcoin refers to the transfer of funds from one address to another. Transactions are recorded on the blockchain and are essential for the functioning of the cryptocurrency network. The video covers the process of sending and receiving Bitcoin transactions using the Treasure Safe 3 and Treasure Suite software.

💡Backup

Backup in the context of hardware wallets like the Treasure Safe 3 refers to the process of creating a recoverable copy of the wallet's private keys or recovery seed. This is critical for restoring access to the wallet and funds if the device is lost, stolen, or damaged. The video emphasizes the importance of safely storing the backup and not making digital copies to prevent unauthorized access.

💡Multisig

Multisig, short for multi-signature, is a security mechanism that requires more than one key to authorize a cryptocurrency transaction. This adds an extra layer of security by ensuring that the funds cannot be accessed without the agreement of multiple parties holding different keys. In the video, the host mentions Nunchuk as an option for setting up a multisig vault on a mobile device, which enhances security by requiring multiple keys to open the vault.

Highlights

The Treasure Safe 3 is a hardware device designed to secure Bitcoin by keeping the keys to your money safely offline.

The device is set up using Treasure Suite, which provides a user-friendly interface for managing Bitcoin transactions.

Treasure Safe 3 features a secure element, a chip that segregates the keys to your money, enhancing security compared to previous models.

The device comes with a recovery sheet for backing up your keys, which is essential for recovering your Bitcoin if the device is lost or damaged.

Users can choose to set up the device with a PIN for an additional layer of security.

Treasure Safe 3 supports Bitcoin-only firmware, which is recommended for securing Bitcoin due to the reduced attack vectors.

The device allows for the creation of a standard wallet or a hidden wallet with a custom passphrase for added security.

Treasure Suite provides a dashboard for tracking your Bitcoin balance, transaction history, and portfolio value.

The software allows users to receive Bitcoin by generating a new receiving address or QR code.

Sending Bitcoin involves specifying the recipient's address, the amount to send, and choosing a transaction fee.

Treasure Safe 3 enables users to recover their wallet using the 12-word recovery seed in case the device is lost or needs to be reset.

The device can be used with other software like Sparrow Wallet, offering flexibility in managing Bitcoin assets.

Treasure Safe 3's secure element ensures that the keys to your money are protected even if the device is physically accessed.

The device's firmware can be updated, providing users with the latest security enhancements and features.

Treasure Safe 3 is designed for ease of use, with intuitive menus and navigation for managing Bitcoin securely.

The device is suitable for long-term savings and larger Bitcoin transactions, while smaller purchases may be better handled through the lightning network.

Treasure Safe 3's introduction of a secure element addresses a previous vulnerability, making it a more secure option compared to earlier models.

Transcripts

the treasure safe 3 is a hardware device

to help you secure your Bitcoin by

keeping the keys to your money safely

offline today we're going to go through

how to set up and use the device on your

desktop or laptop computer I am Ben with

the BTC sessions this is your daily

[Music]

session h

Bitcoin if you're having trouble with

this or any other Bitcoin related topic

you're going through the tutorials and

you need an extra helping hand you can

always reach out to me at my website BTC

sessions.com me for private one-on-one

education sessions shout out to sponsors

of the show hodle hudle.com if you're

buying Bitcoin and you have a few

priorities in mind that include

peer-to-peer trading instant self-

custody and no kyc this is a great place

to be you can sign up with just an email

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currency your payment method and an

amount and you can start viewing offers

immediately they also have peer-to-peer

lending with no rehypothecation you can

check them out at the link down below

now of course today we're covering the

treasure but there are plenty options

out there when it comes to hardware and

coin kite is absolutely killing it with

their offerings I love the cold card

markv and the Q I've got both of them

and plenty of other goodies from these

guys including tap signers block clocks

uh and plenty more if you want to check

them out head over to coin kite.com you

can use code BTC sessions for a nice

discount at checkout now backups are

also important and uh cedor has one of

the best steel backup systems on the

market today basically you get a full

kit to stamp your backup to your

Hardware device in solid steel which

will protect you from the elements fire

water corrosion and uh it's very very

easy to use you can check out my video

on them and there are links down below

for the best shipping options for you

now nunchuk is a great option when you

get into the realm of multisig a digital

Vault that requires multiple keys to

open you can set up your entire multisig

Vault on your mobile device uh and you

can use various Hardware options like

nunchuk uh the tap signer the cold card

and plenty more uh once you're all set

up you also have baked in inheritance

planning so that your Bitcoin gets to

your next of kin if anything should

happen to you and my favorite thing

about it is you don't have to give up

your ID or private information to set it

up and have it work for you you can

check them out over at nunchuck doio and

be sure to check out my tutorial as well

and finally shout out to sponsors of the

show start n your Sovereign Computing

solution these G guys offer

plug-and-play devices to not only host

your Bitcoin stack your Bitcoin software

stack but also your personal data things

like Bitcoin core you can can run a

Bitcoin node a lightning node mempool

dospace you can also host your files

passwords and photos you can do things

like Noster relays and clients and even

some AI tools and it will all be hosted

on your own personal server and not in

the hands of some big Tech conglomerate

in Silicon Valley if you want to check

them out they have devices anywhere from

entry level all the way up to what I'm

running which is the start9 server pure

you can check them out at start n.com

and if you're looking for that high-end

device you can use code BTC sessions

with the plus sign at the end and

that'll get you 18% off that device and

with that let's dive into the

tutorial so getting started here let's

get started with your prerequisites what

are you going to need to know in order

to successfully navigate this tutorial

well first up you're going to need to

know where are you obtaining Bitcoin

from and depending on your local that

can vary but that is kind of beyond the

scope of this video so look locally and

see what exchanges are available to you

and if you're looking for a source of

Bitcoin where you don't again don't have

to provide ID I mentioned hoddle hoddle

in the uh initial um intro to the video

you can check them out as well uh once

you're beyond obtaining Bitcoin there

are a few things that are helpful but

not fully necessary to get through this

tutorial if you've already had some

experience with just using a regular

Bitcoin wallet on your phone um that's

helpful

being familiar with how to back that up

um what a seed phrase is and maybe how

to send and receive transactions those

are all bonuses but I will try to go

through those steps in this tutorial in

a simplistic way now the other thing

that you're going to want to do is

you're going to want to head to

treasure. please double check that it is

the correct website t

z. beware if you mistype or if you just

Google it then there's sometimes

malicious links that are not the correct

software so go directly to that website

and you're going to want to grab the app

so up at the top there is uh one option

that says app it will take you to a new

page where you can download treasure

suite for desktop you simply download

that and then you install it onto your

computer just as an example when I hit

download it'll Auto know what type of

computer I'm on just a side note for you

I'm using a Mac at the current time of

this video and so once that downloads I

can simply click on it and um a little

bit different in Windows you got to open

up and it'll take you through like an

install screen but on a Mac it'll look

something and maybe I'll just pull this

over you'll get a popup like this and

you simply drag this into applications I

already have it uh installed so I'm just

going to replace it with the latest

update but then that's it and so at that

point when I open up my my finder I

should see the the uh application there

so I can close this I can uh open up a

folder of my applications and I will

have treasure Suite right there that I

can go ahead and open and start using so

you're going to want to get treasure

suite and then there's one other bonus

that you could get and that is Sparrow

wallet I'm going to touch on it later

but you don't have to use uh the the

treasure with their own software after

initial setup you can use it with other

applications and I quite like Sparrow

wallet so that would be at Sparrow

wallet.com make sure there's two W's

there and if you want that you just head

over to download and then depending on

the type of computer that you have you

would download the appropriate one and

install it just as I did with treaser

Suite so those are your Basics that

you're going to need to get set up with

the sparrow wallet as a bonus you don't

have to do that setup but will show you

what that looks like as well so get

treasure Suite um have your device and

then if you have a bit of experience uh

previously using and sending

transactions that's just a cherry on top

but we'll go through that as we go so

let's dive into setting up your

treasure so really quick what comes in

the box when you get your treasure Suite

3 effectively you've got the device

itself right there um the device has two

buttons and then a screen and then at

the bottom you've got a USBC Port uh

there was a sticker on there which I've

actually removed already but just so you

know it will be it will have a safety

sticker on the bottom that you peel off

uh there's also a USBC to USBC Cable in

the box and then finally you get this

little package here that has a set of

instructions and more importantly uh a

sheet for your recovery and this will be

used during setup and you're basically

going to be writing down some English

words into it that are a copy of the

keys to your money basically a spare key

uh in written form and the inside of

that looks like this you're going to

have 12 words that you write down um so

that's pretty much everything that you

need and when you open up um treasure

Suite on your computer it will look like

this effectively all you're going to be

doing is you're going to be plugging in

the device to the computer and as soon

as you do on the device it will give you

some instructions of what to do it'll

say to go to

treasure. start uh but we'll just be

walking through directly uh with the

device and the computer here and we'll

go through all of the steps so let's get

started here all right so here we are on

our main screen and we've got the

treasure device in front of us plugged

in just a side note the flicker that

you're seeing on the treasure is not how

it looks in person it just has to do

with the frame rate of the the filming

vers is the refresh rate of the screen

on it in person it's just like a solid

there there's no flicker going on so um

such as life when when recording uh but

nonetheless we are here we have treasure

Suite open and we see uh set up my

treasure over on the bottom right on our

desktop so we're going to click on that

um so it says the device is ready for

the latest firmware in order to be used

safely for Bitcoin enthusiasts a Bitcoin

only firmware is available um the latest

version is Bitcoin only uh

2.6.4 and so um I would just a side note

here this is the device um I I got a a

special shipment there was a limited

supply of Bitcoin only devices that

shipped and this is one of those um and

you can tell by the the kind of the

backing color of it um but of course

they only did a limited number of these

however if you are using Bitcoin or if

you're securing Bitcoin I highly

recommend using the Bitcoin only

firmware because as you add support for

various different things with more

complexity comes more potential attack

vectors so secure your Bitcoin with

something that supports Bitcoin only or

at least has the firmware option to do

so so I'm going to go ahead and of

course be using the Bitcoin only

firmware if you are a person that is

still dabbling in other things maybe

have a different uh a secondary device

specifically for that and keep your

Bitcoin as something sacred and separate

from that because it is very important

you keep it secure uh so um I'm going to

be going and installing that firmware

and on the device it says it's

installing the firmware we'll just wait

for that to happen there's a little

circle that will be filled

gradually okay we now see it is

completed we can hit

continue so it says let's check your

device we want to make sure your

treasure is legit this check is a Musto

step to ensure your device's reliability

integrity and secure use this confirms

that the chip inside your Hardware is

genuine and from Treasure and once your

device is given a clean bill of health

you're all set uh to use your treasure

with confidence so I'm going to hit

start

here and on the device which I will uh

blow up the screen here it says

authenticate device do you want allow to

allow the connected to computer uh to

confirm your treasure safe 3 is genuine

and we're going to hit the right button

for

allow and it's now checking and now up

on my computer

screen it says congrats uh everything is

safe and ready to go so I can hit

continue all right so now we'll go to

the treasure once

more and the treasure says hello welcome

to Treasure press the right button to

continue use Treasure by clicking the

left and right buttons continue to the

right so you have navigation side to

side uh it says hold to confirm press

and hold the right button to approve

important operations so we'll do that

now there we go uh screen scroll press

the right to scroll down uh and read all

the content when text doesn't fit on

one screen press left to scroll up uh so

you get the point up and down and we'll

hit continue okay confirm press both the

left and right buttons at the same time

to confirm so we're going to do that

now and then tutorial complete you're

ready to use your treasure we'll hit

continue so basically that just took you

through all the different functions of

combinations of buttons you may hit do

different things and on the computer it

now says it is complete we'll hit

continue

okay so we're either going to create a

new wallet or recover one from a backup

using your recovery seed well this is

the first time using the device so we're

going to be creating new wallet but we

will do the recovery later in the video

so let's hit create new

wallet so this says choose how to backup

your treasure this process will also

create a standard wallet for you um so

there's two options here standard seed

backup recover your wallet using a

single list of English words and the

advanced Shamir backup recover the

wallet by combining lists of words

together these can be secured in

different places for added security okay

so um effectively the difference between

these two uh with Shamir let's say maybe

you had three lists of words and it

requires at least two of those to

recover your wallet so you have some

play where you could lose one of the

lists and still be okay um but for this

tutorial we're just going to use a

standard seed backup but just know that

um the the Shamir backup just gives you

more things to take care of but it also

allows you to potentially lose one of

them and still be okay so we'll go

standard and now on the treasure it

simply

says create wallet by continuing you

agree to treasure company's terms and

conditions I'll hit the arrow it say

says you can see more at

treasure. or terms of service we'll hit

create

wallet okay now says backup needed and

we can see on the computer now it gives

me a a thing that says your wallet is

almost ready you successfully set up

your treasure and created your wallet

you should never use your treasure

without backing it up this the only way

to recover a lost wallet so again just

to reiterate what's about to happen here

the treaser just created a key to your

money but you want to create a spare key

so that if you lose or destroy the

device in any way you can always recover

your money with the spare key and the

spare key will come in the form of a

list of English words so we're going to

hit create backup

now it gives you some general best

practices here on the screen it says a

recovery seed backup is a series of Rand

randomly generated words created by your

treasure it's important that you write

them down uh and keep them safe as it's

the only way to recover and access your

funds and it expects you to check off

these uh few points your recovery seed

lets you recover your funds in case

treasure loss or damage never take a

picture or digital copy of your backup

this is super important you don't want

to take a picture you don't want to make

a digital backup if you take a picture

with your phone that may be uploaded to

the cloud or put other places that you

don't want it and as soon as somebody

has those words it's the equivalent of

having the keys to your money meaning

they can move your money without your

permission so do not store it digitally

I say again check mark last store your

recovery seed your wallet backup

securely and never share it with anyone

don't let people take a peek at this

don't leave it lying around again if

somebody gets a copy of this they can

basically access your money and move it

as they see fit so we'll hit check mark

there and we'll hit begin begin back

up all right now we're jumping to the

treasure for the rest here says remember

never make a digital copy again it's

basically warning you all the things we

just said again and again because it is

so important click both buttons to say I

understand okay standard backup write

down all 12 words in order I'm going to

hit show

words okay so it shows the first three

words in order to scroll uh we've got

the up and down arrows on either side

I'm going to write all these down on the

pre-pro uh sheet that was uh in the Box

however side note it is a good idea to

have a steel backup of these words I

mentioned one option off the top of the

show but there are plenty out there uh

but either way if you get these in steel

then if there were a fire and your

treasure itself got burned up well you

still will be able to recover the steel

back up and read the words and thus

recover your money so that's why you

might want to do that anyways we'll jump

ahead as soon as I have written all of

these down and proceed okay so all the

words are now written on my sheet here

you can see on the device I've made it

down to the bottom of the list I'll hit

the arrow one more time says I wrote

down the 12 words in order hold to

confirm now we're going to check the

backup select the correct word for each

position I'll hit continue

so it says select the third word and

what I'm going to be doing is my third

word is not today it's modify so I'm

going to use the arrow to scroll until I

see the correct word and then I'm going

to select it with both buttons and I'm

going to do this I believe for all of

the words so we'll skip ahead until I'm

done

that actually I was incorrect it checks

three of the words so please do make

sure that you correctly write these down

maybe give it a scroll before you go

into uh the the check here so that

you're you're quite sure of the 12 words

you've written down anyways it says

success you've finished verifying your

recovery seed we're going to hit

continue says backup is done keep it

safe

continue okay so here we go we now have

set up the key on our device and done

the backup but what we need to do now is

finally add a PIN to the device you

don't want anybody just grabbing this

device and being able to use it um you

want a little layer of security on it so

that if somebody gets a hold of it they

can just access your money immediately

so that's where we're going to do

continue to pin here on our

screen uh it says use a strong pin that

protects your treasure from unauthorized

physical access so I'll hit set

in okay now on the treaser it is saying

uh would you like to turn on pin

protection pin will be required to

access this device I'm going to hit turn

on now the pin should be four to 50

digits

long uh position of the cursor will

change between entries for enhanced

security and I will show you what that

means in a moment so um by default a it

will start randomly in a sequence of 0

through nine It won't always start on

two It won't always start on zero or one

it will start randomly in the sequence

and that way um if somebody was

literally listening into the clicks or

or saw you pressing buttons they

wouldn't know where you started so it'

be hard for them to tell uh what buttons

you're selecting so nonetheless I'm

going to do a simple pin for this

example uh so that um just for the the

purpose is of this uh this tutorial it's

it's easy so we'll do

one

two

three 4 okay and then I'll hit enter now

we're going to check the pin basically

put it in again to make sure we entered

the one we meant to so once again I'll

do

one

2

three uh

four then I'll hit enter

processing all right success pin

protection has turned on so now every

time I want to use this device I'm going

to have to put in the pin I'll hit

continue and now on my computer it says

pin is set write down your pin and keep

it safe use it to unlock your treasure

when you need to access your funds I

will hit continue okay now this is the

screen where it says activate coins

however this device specifically shipped

with the Bitcoin only firmware and

that's what I also updated on the device

and for you this may be different but

again I would advise to protect your

Bitcoin with Bitcoin only firmware and

so I don't need to do anything else here

if you do want to be playing with uh

testnet you can add that as well um I'm

not going to be doing that for this

video but it's just a way to be able to

do test Bitcoin transactions that don't

have any value so that you can learn the

ropes without needing to send actual

value so everything looks good here I'm

not going to do anything complicated

with additional settings I'm just going

to hit complete setup and Now setup

complete I can now name my treasure what

do I want to call it

um I'll just call it uh

sessions and on the device that simply

ask if I want to confirm that it's

called sessions I'll hit change there we

go and then it just gives me a nice

little it says sessions on the device

when I boot it up okay so everything

looks okay I can you know change the

home screen with a a design or something

so maybe

I'll yeah maybe I'll do that sure why

not okay so I've got a little design and

it says sessions on it as well great so

now I'm going to hit access

Suite

uh we're going to select our wallet type

a standard wallet is there's no

additional passphrases or or Hoops to

jump through in order to access your

wallet so basically it is your 12 words

are your key are full access to your

wallet if you're using the device then

the pin protects the key if somebody

gets a hold of these words though it is

full access the pin has no bearing on

the actual words so just keep that in

mind now the other option here is a

hidden wallet and this allows you to add

any string of digits that you see fit

letters numbers symbols anything and any

combination of numbers or letters or

whatever will lead to an entirely new

hidden wallet for example if I used the

password Apple it would lead to its own

wallet if the next time I typed in

apples plural with an S at the the end

it wouldn't tell me that password was

wrong it would just lead to an entirely

different wallet and further there's no

indication that any wallet uh has a

passphrase attached to it so an attacker

getting a hold of your

device they they it would basically be

they'd have to try every word and every

combination of digits to see if there

might be a hidden wallet so it just adds

a degree of security for this one I'm

not going to enter a passphrase I'm just

going to use a standard wallet as the

example

here and there we go so our device is

set up treasure Suite is set up and now

we can start exploring the app on the

computer and then begin to send and

receive

transactions so let's get our bearings

here in Treasure Suite just kind of get

a lay of the land so you understand what

is in front of you okay so right now

we're on uh we have a navigation panel

over on the left hand side and we're

currently on the dashboard this is kind

of your home it's where you will see

your wallet value exactly how much

Bitcoin you have and the total aggregate

of all of the accounts um in a dollar

value um plus broken down into the

individual assets side note you can have

more than a single Bitcoin account you

can have m multiple different Bitcoin

accounts so that you can segregate for

various purposes uh or maybe you've got

a relative that you're safeguarding

their Bitcoin for them or maybe you just

have like a a you know a saving account

for a certain purpose and maybe you have

a general spending account whatever that

may be uh so nonetheless in your

portfolio you have a dollar amount up

here right now it's sit to Canadian

dollars for me it just kind of defaults

to that but I can change that if I want

um I also have a receive button because

the first thing you're going to be doing

is receiving they do have a buy button

that links to some external sources

sometimes I find the fees on those can

be a little high um best to check what

you have locally available to you um in

my opinion anyways down below you're

going to have a list of actual accounts

again you can create more than one

account but by default you'll have your

Bitcoin account set up uh if you went

through the same process I did and it

will show you the name of the account

which just defaults to bitcoin and uh

the number of the account number one a

balance in your local currency and a

balance in SATs if you're unfamiliar

with what sats are one Bitcoin holds 100

million STS you can think of it like

pennies to a dollar and if you're if you

don't like that denomination you can

click and it will show you full Bitcoin

so you know you you'll see decimals if

you have a million SATs it'll be

0.01 Bitcoin but I prefer SATs sats are

the standards uh it also shows the

current price in your local currency so

I can see it in Canadian dollars here uh

and then the 7-Day change in percentage

versus your local currency if I click on

the actual account it will show me an

overview again how many SATs I have how

many dollars that's worth in my local

currency I also see a list of previous

transactions though there's nothing

there yet and then I have a receive

option I will also have send and receive

up in the top right and that's more or

less what I have there now over on the

left hand side again let's go to the

activity tab now um this will just show

you any new

notifications any anything that you've

done it shows my new wallet created

settings changed basically any activity

that has happened in Treasure suite and

then finally I can go to settings this

gives us a whole bunch of different

stuff so a local language fiat currency

I tend to look at the US dollar price on

going to change that here uh you can

also set your default unit to SATs or

full Bitcoin um labeling this allows you

to rename your wallets accounts and

addresses labels are applied by syncing

with Dropbox or Google Drive I'm going

to turn that off I I don't want to sync

anything with a a cloud service um then

tour this allows you to Route all your

traffic through the tour Network it adds

to privacy and security it may take

longer to load and initiate a connection

this is never a bad idea you can also

use a VPN on your computer as well if

you prefer um or if you're Advanced you

can always connect to your own Bitcoin

node uh application you can change the

color scheme so right now it's dark uh

this is what light looks like but this

burns my eyes so let's go back to dark

address display uh display address

continuous uh or spaced uh usage data

this is all data is kept strictly

Anonymous we only use it to improve so

you can turn data on and off I'm going

to leave it off by default I'm glad

that's that is off by default um again

this is applications logs that's a

little bit more advanced app storage

resetting the app restores it to default

settings so you can always do that and

we'll test that out later and then you

can also check for updates so it says

I'm currently running version 24.2

point4 I can check for updates and see

if there are new ones but we did just

download it so it lets me know there's

no new updates up top uh and then

experimental features um that's just you

can add get access to early new things

but they may not work perfectly uh other

than that bottom left you also have an a

toggle switch for tour and then just as

an example there's also this little

eyeball here you can click that it will

hide the balances so that if you're just

kind of uh in here doing a transaction

and somebody's nearby you don't need to

show off your balances if you hover over

them they will be visible okay and more

or less that is your lay of the land um

last thing up top you can click on uh up

up on the left hand side where it says

the it shows the device and says

sessions standard wallet if I click on

that it shows me some uh some

information about the device I can go

into settings again

um we previously looked at just the

application settings but there are

settings for the device you can look at

your backup you can check your backup

this is always a good idea where you can

reput in your your 12 words in order um

you can again check the firmware and if

it's up to date it usually gives you a

little notification if it's not up to

dat you can also disable the pin you can

change your PIN as long as you know the

old one you can uh add a custom

passphrase or allow that to be shown on

the main screen general safety checks

check the device change the device name

you can upload images for the background

of your device or choose from the

gallery that they already have this is

your lockout time so after 10 minutes of

inactivity you'll need to add your PIN

once again and then finally down here

factory re reset uh wipe the uh set up

to wipe the code um it allows you to

install custom firmware turn off the

device check all that stuff and this is

aptly name the danger area you probably

don't want to be messing around here

necessarily then finally in the top

right coins of course this is a Bitcoin

only a device but if you want to turn on

test net later on this is where you

would do it and there we go we've been

through the paces that's everything you

may need to know the last thing I'll

note is down in the bottom right you can

sync and track

your phone with your treasure Suite uh

which would allow you to see your

balance and I believe add to your

balance but not spend so at least you

you have visibility into your wallet

without access on your mobile device and

with that I think we're ready to start

doing some

transactions all right so the first

thing you're going to want to do with

your treasure once it's fully set up is

you're going to want to be able to

receive Bitcoin into it so once you're

all set up and logged in from your

dashboard there is a receive button in

the top right or if you have more than

one account which we'll discuss how that

works lately you will click on the

specific account and then hit receive so

when I hit receive it shows me a fresh

address from my device a receiving

address in order to see the full address

I'm going to hit show full address and

it says follow of the instructions on my

treasure screen which I will uh blow up

so that you can see exactly what's going

on and let's get a little zoom in there

there we go okay so this is an example

it's been more than 10 minutes so it

asked me to put in my pin so I'll do

that right now

one

enter all right pin is verified and now

it says receive address and it shows me

it here on my treasure it also shows me

it on my desktop at this point so I'm

looking and I can see that it's correct

if I hit confirm it does uh get um it it

shows that the receive address is

confirmed on the computer at which point

I can click on copy address or I can use

the QR code so both of these are Bitcoin

addresses that you can receive to if you

copy this string of digits and send it

to anyone or if you're on an exchange

and you're hitting withdraw and it says

you know what is your receive address

that is the information you're looking

for if you're on an exchange or you're

receiving somebody from uh receiving a

transaction from somebody in their

present and they have a wallet on their

phone they can simply scan this QR code

so I'm going to do precisely that um

I've got uh a balance on an exchange on

my phone here so I will uh I'll

transition so you can see um but this is

just a a local Exchange in Canada called

U Shak pay this is in Canadian dollars

so remember I updated my app to be US

dollar so it'll show differently but

nonetheless I see a withdraw option here

I'm going to hit

withdraw and then it gives me contacts

and everything but up in the top right

there's an option to scan or it does

give me an option to paste in a Bitcoin

address so if I had been texted that

Bitcoin address from Treasure Suite I

could paste that in and that would be

all that I need but for this example I'm

going to hit the scan button and that

will open up my camera so I need to Now

scan what is

on the computer screen so I'll do

that and it copies the Bitcoin address

and it says it finishes with KC du it

shows me that on my screen here so I'm

going to check the last few digits on my

receive address on the computer that

looks good to me and so now on my phone

I can finish what I need to do so I'm

going to send out the max amount you

that may be different for you but I'm

going to send the max amount out of this

wallet I'm going to hit continue and

then I can add a note for my own

personal use for later on I'm not going

to do that right now I'm going to hit

confirm and there it's sending me an

email to confirm and once I uh click on

that and say that yes this was me uh it

will be sent out to my wallet on my

treasure and here's my confirmation

email I'm just going to hit

confirm and there we go so um some

exchanges they will batch transactions

meaning that they will send out a whole

bunch of transactions all at once every

set amount of time so it depending on

your exchange it may take a little bit

to arrive that's okay just look at how

your exchange operates and then

eventually you should get a notification

in Treasure Suite saying that you have

received a

transaction back in Treasure Suite I'm

just going to hit the X

here so that I can uh see my balance

once it comes in and I will note that

once you're back into kind of your main

screen of that particular account if you

do want to do a refresh you can always

go View and then Force reload and it

will kind of reload everything um again

you can just enter into your standard

wallet and it will check for and there

we go I see that incoming transaction is

now there so I'm currently on the

dashboard here it shows a balance

remember it was Canadian dollars that I

was sending out so that's the reason for

the discrepancy there this is in US

but nonetheless uh it shows I now have a

balance if I scroll down that particular

account now shows as having $8 us

or 168,000 SATs I can click on that

account and it will show my previous

transactions down below it says it's

pending and that means uh Bitcoin

transactions take on average around 10

minutes to be fully settled and so this

transaction in about 10 minutes that

pending notification will no longer be

there but either way I have successfully

received a

transaction so now that we have a

balance in our treasure Suite the next

thing to learn how to do is how to send

or spend from our wallet utilizing our

treasure so in order to do this uh let's

reenter ourselves back on the dashboard

here so you're in your main dashboard um

you have have a couple of uh different

options of how to get to your accounts

you can see default accounts over on the

left I could click here or underneath

where it says assets either one will

take me to the same place and so here I

now I'm in my main account and I have a

send and receive button so I'm going to

hit the send button and this is our main

send screen there's a number of

different things available to you here

but the main things that you want to pay

attention to especially as a beginner is

the uh send screen the the two address

the amount that you're sending um and

then the fee which is down at the bottom

there's some additional uh functionality

in the middle here which I'll touch on

but um we won't be focusing too too much

on it uh so with the address you're

going to need to specify where do you

want to send this to and so that can

take the form of pasting a Bitcoin

address or there's if you hover there's

a little scan button here which will

open up your camera so you can scan a QR

code for instance if you have your phone

and you're sending it to something that

you have on there so uh just as an

example I'm going to open up this is

this is Sparrow wallet here and it's a

tutorial wall that I use often and just

to show what it looks like to get a

receive address there's one right here

which I will simply copy and I may have

received this from an email or a message

message or something like that

regardless I've got an address and I

would simply paste that in here in the

send field

alternatively I'll just get that out

there um I'm going to open up a wallet

on my phone and hit receive and I have a

QR code ready so I'll hit the scan

button and there we go I can simply hold

that up and it will pull in the add

address that was on my phone and that's

indeed the one that I'm going to use for

this example here uh and now I get to

specify how much I want to send you can

send it in um whatever your designated

denomination is SATs or full Bitcoin but

uh example I can type in a certain

amount here alternatively I can specify

a dollar amount and it will

automatically interpret how much Bitcoin

I need to send or as I'm going to do

right now I can hit send m tax and that

will fill the entire amount now the

other thing that you want to consider is

how quickly do you want this transaction

to go through down below you see low

economy normal high and custom and this

allows you to set your fee as you see

fit the fees do not have anything to do

with the amount you're sending what they

have to do with is a couple of things

number one how busy is the Bitcoin

Network number two uh how much data does

your transaction require as in bits and

bites how much data is your transaction

and then finally how quickly do you want

it to go through so you at the end of

the day you could choose low and it may

go through eventually it says it might

take about 17 hours because there's a

lot of people in line right now and and

I look at that and that seems quite low

to me uh you can do economy which is

cheap and it might go through in about

three hours again seems a little bit low

to me based on what fees have been

recently 26 SATs per bite is about an

hour or in about 10 minutes you can

choose 31 SATs per bite and so again uh

this is based on the amount of data so

you're spending 31 SATs of which there

are 100 million in a single Bitcoin per

bite of data that your transaction is

required which is 122 I can see and so

that would equate to around 37 or 3,800

SATs which is around

$2.70 so it's important to know that

when you're dealing with values going

into and out of your Hardware device

here and using regular Bitcoin

transactions this is primarily going to

be a mechanism through which you're

putting in long-term Savings in slightly

larger chunks if you're dealing with

coffee transactions and small purchases

of a few dollars here and there you're

going to be using something called the

lightning Network I recommend a wallet

called Phoenix which is actually the I

just scanned the QR code from and I'll

include a link to that tutorial down

below nonetheless I'm going to leave

this fee on high and so I'm pretty much

set here I have an address an amount and

my fee is set now this extra stuff in

the middle here is bonus um you don't

necessarily need to know what all of

this stuff is but I'll I'll quickly go

through lock time means once the

transaction goes through is the Bitcoin

going to be locked up for a period of

time I typically never touch this

because you know it if you mistype

something it may be sitting there

indefinitely right if you if you add a

zero or something it might be sitting

there a 100 years I don't like to mess

with lock time but you can if you prefer

RBF this is replace by fee and this

allows you to bump the fee on your

transaction up if it's been sitting for

a while um you can just go in and check

it out and Yeah bump your fee if you see

fit uh and then broadcast this means as

soon as you review it and approve it on

the treasure it will automatically send

it to the Bitcoin network if you turn

this off then it will ask you one more

time to double check what you've done

and then hit a broadcast button to

officially send and finally coin control

without getting too deep into this

Bitcoin is a lot like cash in that if

you receive $50 then $20 and $100 in

separate transactions those amounts sit

as maybe we refer to them as individual

coins or bills in your wallet much like

physical cash so you can look into your

wallet and actually see the coins

sitting there coin control allows you to

select which coins you want to spend

which may be beneficial for privacy

nonetheless I'm not going to use any of

those and then finally you can add a

recipient you can send to more than one

person at a time and designate how much

each person gets and that is something

that can help you be more efficient and

lower your fees if your trans is acting

a lot nonetheless everything I've done

here looks all good to me I'm going to

hit review and

send now this point of course my

treasure has has timed out so I need to

put in the uh the pin and then we go

forward with the

transaction okay so uh I'm

seeing two things simultaneously and

I'll show both but on your desktop

you'll see does the recipient address

match and it shows me an address an

amount sent and all of that so on my

device I need to verify so I can see on

the treasure I tend to eyeball the first

few digits and the last few digits and I

can see that it lines up with what I'm

seeing on my computer screen so I can

hit

continue now it's confirming the total

amount and on my computer again it

brings up a screen that shows the

corresponding amount that looks good to

me so once again I can hit

confirm and then it says total amount

being sent including the fee it is

showing all of that same as it was on

the screen before so in order to confirm

I hit both uh buttons at the same

time and I can see an update on my

computer now that says okay this is what

you're doing you're sending this to this

address in this amount ount with the

following fee which I can scroll down to

see does that look good I'm going to go

ahead I'm going to hit

send and off it goes I can see my

balance is now updated to zero and if I

scroll down I can see my previous

incoming transaction and at the top the

most recent transaction that is pending

AKA it is not fully settled yet and if

you notice because we had RBF turned on

there's a little button that says bump

fee so if this was taking a long time I

could click that button adjust the fee

and then I would be required to approve

it with my treasure as I just did

now so what happens if you happen to

break or lose your device how do you get

access to your funds well we're going to

do exactly that now we're going to go

through we're going to wipe everything

we're going to wipe the device we're

going to wipe our treasure Suite all of

that and then we're going to do a full

recovery so the way that you wipe your

device is you go to the top here on the

computer where it says the name of your

device you can click and we'll go to the

settings wheel there that will take us

to our device settings you could have

alternatively clicked on settings on the

side and then clicked on device so here

we are we're going to scroll down a

little bit to the danger area and we're

going to do a factory reset so I'm going

to click on that and this will as it

warns you I understand this action

deletes all data on the device I

understand I must have a backup of my

recovery seed in order to retain access

to my funds which I do indeed have so

I'm going to click both of those and

then I'm going to hit the red factory

reset

button now on my actual device it will

have me confirm

this action so it says Hey wipe device

do you really want to wipe the device I

will hit the arrow it says all data will

be erased hold to confirm so I'll

hold all right there we

go and so everything is now wiped and on

the computer I can see hey uh here's

your treasure Suite device detect in

incorrect State disconnect your treasure

because it's been wiped so I'm going to

disconnect it and now we'll reconnect it

and see what happens so we plug

in and it's as if the device has never

been used full factory reset okay so it

says have you use this treasure before

firmware is already installed on the

connected treasure only continue with

setup up if you have used this treasure

before which I have if you did have a

new one if you're replacing it you would

say set up my treasure like the new one

um or no I haven't so you you would be

setting up from scratch but at some

point this will roll over and be the

exact same uh the exact same sequence

that I'm doing but um I have used this

treasure before I'll say yes set it up

says firmware has Bitcoin only installed

I'm going to say continue if this was a

new device you would be installing the

new firmware just like we did the first

time and then it says let's check your

device they're checking it for

authenticity just like last time I'm

going to confirm that on the treaser

just like last time I'm allowing it and

says your treasure is good to go I'll

hit continue um and then it's going to

walk me through a similar walkthrough

welcome to treasure right we'll just go

through all of these menus I'll hold to

confirm it's showing me all of the

basically the same tutorial we went to

I'll confirm and tutorial complete just

as before we'll hit continue on our

treasure Suite now this is where we

recover rather than creating a new

wallet so I'm going to hit recover

wallet I'm going to hit start recovery

and then that takes me to my treasure

itself which says recover wallet by

continuing you agree to the the treasure

company's terms and conditions I'll hit

recover

wallet now this time it says select the

number of words in your backup 12 18 20

or 24 or more 33 uh we had 12 words so

I'm going to go to 12 and select it with

both buttons now it says enter your

backup 12 words you'll have to select

the first two to four letters of each

word position of the cursor will change

between entries for enhanced security

continue so this is going to start me at

a random spot in the alphabet and then

using my list here I'm going to go

through so I'll do the first word and

then we'll jump ahead to where I'm done

so the first word is Brick so I'm going

to look for the B and then select it

with both buttons and then we'll keep

going through

r i and then you can see at a certain

point it can only be certain words so

I'm going to now look for Brick in this

list there it is and I will select it

and then it bumps me on to my next word

so we're going to go through all 12

words and we'll be back

momentarily upon completing the 12th

word it says success uccess while it

recovered successfully hit

continue now we will need to set a pin

uh on the computer it says recovery

complete hit continue and set a pin so

just as we did before um it's going to

ask me on the treasure if I want to set

an up a pin hit the arrow and I'll say

turn on pin should be for to 50 digits

long continue and I'm going to set up

the same pin as I did last time with the

same

sequence success pin protection turned

on and I hit continue and on the

computer p is set continue there just

like last time it asked my preferences

I'll hit complete setup that all looks

good and then I'll hit access Suite

we'll do the standard wallet as we did

before and lo and behold we see the

exact same account and the reason I know

this is we can uh click on the account

itself and we can see our transaction

history where we received and sent

Bitcoin if there were funds in this

account they would be fully accessible

via treasure suite at this moment so

that is your full recovery with a new or

used device if it gets wiped

accidentally by simply using your 12w

seed

phrase

now you are not pigeon hold into only

using treasure Suite after your initial

setup you can choose to use other

software alongside your treasure one

such example of this would be Sparrow

wallet for desktop and this is my goto

uh desktop wallet because I love a lot

of the features that are baked into it

and so how would you go about accessing

your treasure from Sparrow wallet I'm G

to start from scratch here I'm gonna I'm

gonna unplug my device it is set up so

again you would set it up with treasure

Suite but I'm going to create a new

wallet here in Sparrow using the

treasure so I'll I'll plug it in as if I

had just done it okay now uh it says

click to connect now I'm going to enter

my pin on the device just by clicking

one of the buttons so it is unlocked

I'll enter it in

here all right so the treaser is now

unlocked locked how do I gain access to

the account here in Sparrow I'm going to

go ahead I'm going to say file new

wallet I'll give it a name I'll uh I'll

call it

uh TS3 so treasure save3 and I'm going

to hit the blue create wallet button by

the way side note in Sparrow wallet when

in doubt hit the blue button it will

likely take you where you want to go now

this takes you to a little bit of a

scary looking screen you don't need to

know everything that's going on here all

you need to know is that you have a

connected Hardware wallet and you're

going to click that button I'm going to

hit the blue scan

button now when you do connect to

Sparrow it may give you an error when

scanning and that's because your device

is asking if you want to enter a

passphrase because you're not using

treasure Suite it doesn't prompt you the

same way so all I'm going to do I'm not

going to enter anything so there's no

there's no um text actually entered here

I'm just to hit enter with a blank

passphrase I'll confirm with both and so

at that point I should be okay and you

can see the arrow message here I'm going

to hit scan again it says there we go I

can now see the treasure safe 3 up top

I'm going to hit the blue import key

store button so this just Imports enough

information so that I can see my balance

and add to my

balance that fills in a bunch of

information down here again I don't need

to be privy to the technicals of it I'm

just going to hit the blue apply button

and then it asks if I want a password

and the password would simply protect

this piece of software so if I was

worried about somebody getting on my

computer and just seeing my balance then

I might add one here but it doesn't have

to do anything with the security of my

funds they would still need the treasure

and the PIN to the treasure in order to

access anything so I'm going to say no

password for

now at this point the entire left hand

side of spare wallet goes blue and and

it is now scanning for any previous

transactions um we're going to leave the

setting screen you likely won't be back

here very often we're going to go up to

transactions on the top left and there

we go we can see our two previous

transactions here once again if there

was any funds allocated to the wallet

they would be present here and I have my

send and my receive screen accessible to

me along with all of the advanced

features that Sparrow wallet has to

offer so that is how you can use your

treasure with different

software so some final thoughts here

when it comes to the treaser safe 3

which again is an iteration of uh prior

models of the treasure so overall I find

this to be a pretty easy device to use I

their treasure Suite software is you

know pretty clean and and simple to

navigate and it kind of handholds you

through the setup process and once it's

there send and receive screens pretty

intuitive um and it works quite well um

the addition uh for this device that I

think is the most important that sets it

apart from previous iterations is the

introduction of something called a

secure element that is a chip that is

segregated from the rest of the

internals on the device and that chip

houses the keys to your money in

previous versions of the treaser they

did not have a secure element and what

this meant is that unless you had um a

passphrase added on top of your 12 words

somebody with physical access to the

device and the

knowhow how to do this could extract the

keys to your money from the physical

device it couldn't be done remotely or

anything but again with access to the

device it could be done um with the

treasure safe 3 that is no longer so

because they've introduced a secure

element and so for me if I'm going to be

using a treasure I'm going to be

gravitating towards this one as opposed

to previous models even though um their

treaser Model T has the uh touch screen

and everything and that's all nice and

great but it does not have the secure

element so I would defer to this one

first uh buttons work great um

connecting was no issue and I find the

menus to be relatively straightforward

um in terms of the treasure Suite again

I think that works really well the one

thing that I would like to see and I'm

not sure how exactly how best this would

work and i' I'll leave that up to uh

people that are dealing with user

interfaces and design

but other devices on the market allow

you to set up and update the firmware

without ever having to use a proprietary

app made by the same company and I've

not seen an easy way uh or I'm not privy

to an easy way that you can do this with

the treaser and what I mean by easy way

is not like a complicated oh I'm going

to go into command line or do some

complex way of doing it it's no like if

I can just get power to the device and

also be able to um you know drop in a

new firmware and allow it to update that

would be great if there was a way to to

be able to do that um you know something

that's accessible to the average person

if they see fit to do so so that's one

thing where you're kind of roped into

having to use treasure suite at least

for your initial setup and for your

firmware upgrades whenever they come

along of course after that it's really

nice that you can migrate to other

software if you see fit we did the

example of sparrow wallet on the

computer and then the last thing that I

quite like about uh treaser is that it

allows for Bitcoin only firmware in

particular I actually like that this

device shipped directly with it and

never touched the um the altcoin enabled

firmware I prefer devices like that that

are Bitcoin only from the get-go again

just from a security perspective it's

nice that allows you to upgrade though

and change your firmware if you do get a

default device anyways um so that's

really nice I I would love for them to

do another run of these Bitcoin only

options um I think I I know they sold

out of them so maybe

maybe somebody watching this will decide

it's time for another one and just like

switch up the color or something play

around with it anyways I I thought it

was a cool idea I also hope that they

integrate the secure element with future

iterations of their other models as well

either way all around I think treaser is

a a pretty good device and the addition

of that secure element takes away um one

of my major qualms with pre previous

versions and makes it so that this

device I consider to be a pretty solid

option in the realm of securing your

Bitcoin let me know what you thought

about the video any things that you

liked any things that you didn't what

you would like to see from treasure in

the future let me know in the comments

down

below thank you guys so much for

watching as always please do like

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down below and if you're having any

difficulty trying to navigate this topic

or any other Bitcoin related topic you

can reach out to me at my website BTC

sessions.com me for private one-on-one

education sessions with that I am out

have yourselves a wonderful day or

evening wherever you may be see you guys

next time for your daily

session

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