Corazon cryptocurrency hardware wallet – December 2019 review

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What makes this the world’s most expensive brand of cryptocurrency hardware wallet?

  • Great for its ultra-resistant titanium case
  • Not so great when it comes to affordability

Details

Product Name Corazon Wallet
Wallet Type Hardware
Supported Cryptocurrencies BTC, BCH, BTG, LTC, DASH, DOGE, ETC, ETH, ERC20, NEM, NMC, ZEC, EXP, UBQ

Pros

  • Futuristic design
  • CNC machined from aerospace grade titanium for extreme durability
  • Limited edition to 100/500 pieces worldwide for selected models
  • Open sourced security based on the Trezor Model T
  • Coloured touch screen
  • Intuitive user interface and experience
  • Supports hundreds of cryptocurrencies

Cons

  • Price
  • Slightly bigger and heavier than most wallets
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

The Corazon is the world’s most expensive cryptocurrency wallet, built in partnership between Trezor-creator SatoshiLabs and Singaporean luxury accessory design firm Gray.

The cheapest Corazon model starts at US$700, while the most expensive runs to US$1,500.

On the inside, the Corazon is functionally just a Trezor Model T. On the outside, it has a titanium case, which delivers a significant aesthetic difference and a handful of functional differences.

The Gray titanium case provides the following advantages over the default Trezor Model T moulded plastic case:

  • A great deal of extra durability. Your Trezor Model T might not survive being crushed by a vehicle, but your Corazon probably would.
  • Additional protection against supply chain attacks. The Corazon’s titanium case is extremely difficult to convincingly copy, while imitation Trezor Model Ts can be produced with relative ease.

On all fronts, it also maintains the security benefits of the Trezor Model T. For example, both the Corazon and the Model T are clearly tamper-evident.

Overall, the Corazon delivers some security, durability and aesthetic benefits at the cost of a much higher price tag.

Supported cryptocurrencies

Supported cryptocurrencies include:
  • BTC
  • BCH
  • BTG
  • LTC
  • DASH
  • DOGE
  • ETC
  • ETH
  • ERC20
  • NEM
  • NMC
  • ZEC
  • EXP
  • UBQ

How to set up the Corazon

When your Corazon arrives, you’ll receive the following:

  • The hardware wallet itself
  • A USB type C to type A charger
  • A recovery seed card

It’s the same as a Trezor Model T on the inside, so you can simply set it up with the same procedures as a Trezor.

  1. Visit trezor.io/start in your web browser and select the Trezor Model T product.
  2. Follow the prompts and install Trezor Bridge.
  3. Plug your device into your computer.
  4. Install the system firmware by clicking “install firmware”.
  5. Unplug and re-plug the device in after installation is completed, and then refresh the site to see the welcome message.
  6. Click on “create new” on the welcome page.
  7. Click “create a backup in three minutes”.
  8. Write the words down as they appear, swiping the button on the device to show the next one. You must write down the words correctly and in the right order.
  9. Name your device.
  10. Assign a PIN.
Go to Gray's website

How to use the Corazon

You will need to use the Corazon hardware wallet with the Trezor Wallet computer program. These steps assume you are using the Trezor Bridge program.

Start by plugging the Corazon into your computer, then open the software wallet that’s currently holding the funds you want to transfer to your Corazon.

To load funds onto your wallet, do the following:

  1. Select the cryptocurrency you want to load on the Corazon’s interface.
  2. Press the “receive” tab on your wallet.
  3. Select “show full address” to show the receiving address on your Corazon.
  4. Copy this receiving address to your browser, double-check it and initiate the transaction from wherever you’re sending funds from.

To make a payment from the wallet, do the following:

  1. Select an account and go to the “send” tab.
  2. Paste the recipient’s address and enter the amount.
  3. Send it.

Where to buy the Corazon in Canada

You can buy the Corazon from Gray, the Singapore-based partner of Trezor.

Price

  • Corazon Titanium: US$692 for the metal finish
  • Corazon Stealth: US$990 for the black-cladded finish
  • Corazon Gold: US$1,487 for the gold finish
Go to Gray's website

How secure is the Corazon?

By changing the case, the Corazon brings some additional security to the Trezor Model T. On the inside, the device itself is as secure as the Trezor Model T, which is widely regarded as one of the most secure hardware wallets in the world.

The following are some of the security features offered by Trezor:

  • Password protected. Device access requires a PIN in addition to other security measures.
  • Duress passwords. You can set up hidden sub-wallets within the Corazon that you can access using special passwords.
  • Unbroken security record. There has never been a confirmed case of the Trezor Model T, or the Corazon, being hacked or cracked with a practical attack.
  • Open source. Trezor’s design and firmware are open sourced and have been heavily scrutinized.

What else do I need to know about the Corazon?

Corazon is designed by Singaporean design firm Gray in partnership with SatoshiLabs, the manufacturer of the Trezor (Czech for “vault”) hardware wallet series.

SatoshiLabs released one of the world’s first cryptocurrency hardware wallets in 2014 and has been a significant figure in the industry since then.

In a nutshell

Pros

  • The security of a Trezor. The Corazon is built on the tried and tested Trezor Model T.
  • Titanium casing. The Corazon’s titanium casing is much more durable than the Trezor’s default casing.

Cons

  • Price. It’s a deluxe hardware wallet with a price tag to match.
  • Limited coin support. Like the Trezor, some people might be hindered by gaps in the types of coins supported by the Corazon.
Go to Gray's website

Compare the Corazon against other cryptocurrency wallets

Name Product Wallet type Supported Cryptocurrencies
Hardware
BTC, XRP, ETH, BCH, EOS, XLM, LTC, TRX, ADA, MIOTA, BNB, XMR, DASH, NEO, ETC, ZEC, XTZ, WAVES, DOGE, VET & 1,000+ more
NEW – The Ledger Nano X comes with added Bluetooth functionality, more memory and a higher quality screen than its big brother, the Nano S.
Hardware
BTC, BCH, BTG, LTC, DASH, DOGE, ETC, ETH, ERC20, NEM, NMC, ZEC, EXP, UBQ
TREZOR hardware wallet is a secure way to keep your cryptocurrency safe from hackers and malware.
Hardware
BTC, XRP, ETH, BCH, EOS, XLM, LTC, TRX, ADA, MIOTA, BNB, XMR, DASH, NEO, ETC, ZEC, XTZ, WAVES, DOGE, VET & 1,000+ more
Securely store some of the world's leading cryptocurrencies on the Ledger Nano S hardware wallet.

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Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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