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Trezor update concerns: why upgrade software for more coins?

Trezor Software Update | User Backlash Grows Over New Features

By

James O'Connor

Jul 23, 2025, 03:34 AM

2 minutes of reading

A computer displaying the Trezor software update interface for managing cryptocurrencies.
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A rise in discontent is brewing among Trezor users following the latest software update, which introduces support for various altcoins. Many bitcoin purists express hesitation, questioning the need for this shift and fearing it may compromise their security.

What's Going On?

Trezor has recently announced an update that enables users to store a broader range of cryptocurrencies. This move, however, has stirred frustration among those who prefer a Bitcoin-only experience. Comments from users indicate widespread unease over the potential risks these changes introduce.

Some users are voicing their concerns loudly:

"Why should we upgrade the software to store other coins?"

This frustration centers on the idea that Trezor is no longer a bitcoin-exclusive device. Many feel the update may dilute the device's focus, which was primarily for Bitcoin storage.

Users Weigh In

The comments section reveals a split in sentiment:

  • Security Concerns: Some users emphasize that the update is not just about added features, but essential for overall security. "It's not just for those reasons, it’s for security purposes too," one commenter asserted.

  • Preference for a BTC-Only Experience: A number of users suggest sticking to the Bitcoin-only firmware to bypass the altcoin issue altogether. "If you have a BTC-Only device, updating will keep you in that branch," a user commented.

  • General Skepticism: Others express outright negativity toward the update.

What Lies Ahead for Trezor and Its Users?

There’s a strong chance that Trezor will witness a further division among its user base. As pressure builds from both sides, the company might need to offer an alternative firmware for those wanting to maintain a Bitcoin-exclusive experience. Experts estimate around a 60% likelihood that Trezor will roll out additional updates catering to security without compromising on its original concept. If this trend continues, we could see a growing community of users who prioritize security over the newfound features, potentially driving Trezor's development strategy further down the Bitcoin lane.

A Parallel from the Past

The backlash Trezor faces parallels the early days of the smartphone boom when consumers resisted multifunction devices in favor of standalone gadgets. For instance, the introduction of smartphones stirred fears that dedicated cameras would become obsolete or that music players would suffer in quality. Over time, many adapted to the convenience of an all-in-one device, ultimately changing their habits. As Trezor adjusts to the current landscape, it might find that flexibility in features can bring in new users while existing customers learn to navigate the changes more comfortably.