<p>This is answered in their <a href="http://doc.satoshilabs.com/trezor-faq/threats.html#what-happens-if-the-satoshilabs-shuts-down" rel="nofollow noreferrer">documentation</a>:</p>

<blockquote>
  <p><strong>What happens if the SatoshiLabs shuts down?</strong></p>
  
  <p>There are no such plans because we love bitcoin, but even if we had to
  close down, there’s nothing to worry about. You can use your TREZOR
  together with other BIP32, BIP39 and BIP44 <a href="http://doc.satoshilabs.com/trezor-apps/index.html" rel="nofollow noreferrer">compatible wallets</a>. Since
  our code is opensource, developers from around the world can maintain
  it and add new functionalities.</p>
</blockquote>

CC BY-SA 3.0
2017-11-05T15:02:28.647Z
2017-11-05T15:02:28.647Z
Adam Millerchip
<p>You will loose all your coins*.</p>

<p>The Trezor wallet relies on the trezor software running from their website (wallet.trezor.io) for all user interaction.</p>

<p>Yes - your private keys will be safe inside that blob of plastic, but *unless you made a copy of their python github before they went away, there will not be anything you can plug your trezor into in order to get those keys out of there.</p>

<p>Also take a look at the Trezor CTO's replies on their website as to why they do not digitally sign their executable: They refuse to produce identification documents to Apple: <a href="https://www.reddit.com/r/TREZOR/comments/6kzj7z/trezor_bridge_mac_version_why_isnt_it_available/" rel="nofollow noreferrer">https://www.reddit.com/r/TREZOR/comments/6kzj7z/trezor_bridge_mac_version_why_isnt_it_available/</a></p>

<p>IMHO: Their security and firmware are nice.  Their business practices and risk exposure is horrific.</p>

CC BY-SA 3.0
2017-11-07T14:49:48.337Z
There is no risk, if they indeed use BIP39 as Thax says so. I cant say much about the Trezor itself, I'm using ledger(which also uses BIP39) and there's a wordlist you get that's basically your private key that they **highly recommend** to write down on a piece of paper they even provide, in order you lose your ledger or even if ledger stops existing.
Loko
CC BY-SA 3.0
2017-11-07T15:39:19.307Z
Downvoting because this is entirely incorrect. There are several other software that support the Trezor (connecting to it and creating transactions with it) that are not created by Trezor themselves or associated with them in any way. You do not need to use their web wallet at all. Furthermore, the Trezor follows the BIP 39 and BIP 32 standards for seed mnemonic generation and private key generation, so the mnemonic that you write down when initializing the Trezor can be used in any wallet which supports BIP 39 and BIP 32, and there are lots of those.
Ava Chow
CC BY-SA 3.0
2017-11-08T09:57:55.003Z
This is incorrect. Since posting my question I've done a bit more research. There are reports of users recovering their Trezor wallet with [Mycelium on Android](https://www.reddit.com/r/TREZOR/comments/3xm4o5/trezor_seed_recovery_wallets/cy5xkyo/). I also found a guide for recovering a [Trezor wallet with Copay](https://99bitcoins.com/restore-trezor-seed-copay/). And in their docs Trezor themselves provide a list of compatible wallets & instructions on [how to recover without a Trezor device](http://doc.satoshilabs.com/trezor-apps/index.html#recovering-funds-without-trezor-device).
Lenwood
CC BY-SA 3.0
2017-11-07T13:00:24.597Z
2017-11-07T13:00:24.597Z
Anon Coward
<p>Yes. Trezor uses BIP39 and is compatible with any other wallet  that would. You can in fact import your seed into electrum, though this to some extent defeats the purpose of having a hardware wallet.</p>

CC BY-SA 3.0
2017-07-08T23:20:05.577Z
2017-07-08T23:20:05.577Z
Thax
<p>I'm considering a Trezor wallet. I've read through their info about recovering if I lose the device or forget my PIN. What if the company were to go out of business. Would I still be able to recover my coins?</p>

<wallet><wallet-recovery><trezor>
Would I be able to recover coins if Trezor went out of business?
Lenwood
# Would I be able to recover coins if Trezor went out of business?

(Asked by: username_0 on 2017-07-08)

I'm considering a Trezor wallet. I've read through their info about recovering if I lose the device or forget my PIN. What if the company were to go out of business. Would I still be able to recover my coins?

**Tags:** wallet, wallet-recovery, trezor


---

## 3 answers

### Answer by username_5 on 2017-07-08. Score: 4 | Accepted answer

Yes. Trezor uses BIP39 and is compatible with any other wallet that would. You can in fact import your seed into electrum, though this to some extent defeats the purpose of having a hardware wallet.


---

### Answer by username_1 on 2017-11-05. Score: 0

This is answered in their [documentation](http://doc.satoshilabs.com/trezor-faq/threats.html#what-happens-if-the-satoshilabs-shuts-down):

> **What happens if the SatoshiLabs shuts down?**
>
> There are no such plans because we love bitcoin, but even if we had to
> close down, there’s nothing to worry about. You can use your TREZOR
> together with other BIP32, BIP39 and BIP44 [compatible wallets](http://doc.satoshilabs.com/trezor-apps/index.html). Since
> our code is opensource, developers from around the world can maintain
> it and add new functionalities.


---

### Answer by username_2 on 2017-11-07. Score: -2

You will loose all your coins\*.

The Trezor wallet relies on the trezor software running from their website (wallet.trezor.io) for all user interaction.

Yes - your private keys will be safe inside that blob of plastic, but \*unless you made a copy of their python github before they went away, there will not be anything you can plug your trezor into in order to get those keys out of there.

Also take a look at the Trezor CTO's replies on their website as to why they do not digitally sign their executable: They refuse to produce identification documents to Apple: <https://www.reddit.com/r/TREZOR/comments/6kzj7z/trezor_bridge_mac_version_why_isnt_it_available/>

IMHO: Their security and firmware are nice. Their business practices and risk exposure is horrific.

> **Comments:**
> **username_3**: There is no risk, if they indeed use BIP39 as username_5 says so. I cant say much about the Trezor itself, I'm using ledger(which also uses BIP39) and there's a wordlist you get that's basically your private key that they **highly recommend** to write down on a piece of paper they even provide, in order you lose your ledger or even if ledger stops existing.  
> **username_4**: Downvoting because this is entirely incorrect. There are several other software that support the Trezor (connecting to it and creating transactions with it) that are not created by Trezor themselves or associated with them in any way. You do not need to use their web wallet at all. Furthermore, the Trezor follows the BIP 39 and BIP 32 standards for seed mnemonic generation and private key generation, so the mnemonic that you write down when initializing the Trezor can be used in any wallet which supports BIP 39 and BIP 32, and there are lots of those.  
> **username_0**: This is incorrect. Since posting my question I've done a bit more research. There are reports of users recovering their Trezor wallet with [Mycelium on Android](https://www.reddit.com/r/TREZOR/comments/3xm4o5/trezor_seed_recovery_wallets/cy5xkyo/). I also found a guide for recovering a [Trezor wallet with Copay](https://99bitcoins.com/restore-trezor-seed-copay/). And in their docs Trezor themselves provide a list of compatible wallets & instructions on [how to recover without a Trezor device](http://doc.satoshilabs.com/trezor-apps/index.html#recovering-funds-without-trezor-device).  

---

