You can build your own Trezor, but here’s the price — DIY wallet engineer

The open-source nature of many hardware cryptocurrency wallets allows anyone to build a do-it-yourself (DIY) wallet like a Trezor from scratch, but it requires certain skills.

Florin Cocos, an electronics design manager from Romania, built his own DIY Trezor with the wallet’s open-source code in 2018 without having access to a “real” Trezor device.

On his YouTube channel, Voltlog, Cocos

“Just one or two years of tinkering with electronics at a moderately fast pace from a moderately technically skilled person should be enough to greatly increase the chances of success,” Cocos stated.

As previously reported, some cryptocurrency users have fallen victim to fake hardware wallets by buying the devices from sources other than the direct manufacturer or the official vendor. As such, hardware wallet makers like Ledger and Trezor have always urged their customers to buy only hardware wallets from official vendors.

As there are some regions where hardware wallets cannot be shipped due to issues like sanctions, companies like Trezor suggested that the devices’ open-source nature could be a solution. “Trezor is fully open-source; anyone can build their own using the schematics and bill of materials on GitHub,” Trezor’s Bitcoin analyst Josef Tetek told Cointelegraph.

Magazine: Big Questions: What’s with all the crypto deaths?