A hardware wallet is in more demand than the other types of crypto assets, even if they are expensive to use. The security of the funds is far more important than the high price of the crypto wallet. Therefore, for people who do not want to compromise on the security of the funds will always opt for the hardware devices. These wallets have proved their reliability from time to time. Hence, as an outcome, the customer base here is high in comparison to the software wallets. But even this wallet type has a bunch of devices to choose from. Though, from all the options there are only two main types that have the best services. The names of those wallets are the Trezor hardware wallet and the Ledger hardware wallet. 

In this blog, we aim to make you familiar with the Trezor Suite application of the Trezor hardware wallet. Now, let’s get you started with the information that might be very useful for you. 

Is it necessary to use the software application?

Many of the hardware wallet users have this query about whether it is necessary to use the software application or not and the answer is always the same. Yes, it is mandatory to use the application, without the said application, it will be a little tough to follow up in the crypto industry. It is not possible to establish a connection between the wallet device because it generally has an offline mode of transaction. And the users also complained about this issue, therefore, this is how the Trezor suite application came into existence. Now to learn even more points about this, follow up with the blog below. 

Transaction reversing on the Suite App

Another query or doubt that people have is if it is possible to reverse their executed transactions on the hardware wallet if they are in pending. The answer is simple, no a user can’t reverse their transactions even if it is in pending. Not on this hardware Trezor Suite wallet, but on other software wallets as well, it is not possible. Due to this sole reason, one should always confirm their transaction details before moving further with the processing. Hence, in other words, you can’t recover any of your assets once used in a crypto transaction. But if you still have hope for it, then contacting the support team of this hardware wallet will be the best and last option for you. 

What does a pending transaction mean?

As a beginner, you must be in doubt about what exactly a pending transaction entails, or its meaning. A “pending” transaction is one that hasn’t been added to the blockchain yet. It sits in the mempool until it gets its first confirmation. Until it’s on the blockchain, it’s not finished. The fees you include with a transaction affect how quickly it gets confirmed. If the fee is too low, the transaction might stay pending for a while, or it might not get confirmed at all. You can figure out the right fee for a certain cryptocurrency using online fee estimators.

Concluding Views!

Now, we end our blog on the Trezor Suite here, with the hope that you understand the procedures we have talked about. And if you don’t the support team is always here to help you and provide answers wherever necessary. Pending transactions aren’t safe because they might never get confirmed or could be replaced by another one. So, it’s best to wait until a transaction is confirmed before thinking it’s done. In the Trezor Suite, a transaction is shown as pending if it’s not in the blockchain yet. Once it’s confirmed, it usually gets confirmed a few more times quickly. Then you can trust that the transaction is finished. For more details, visit the blog page and the wallet and look for the related articles.