Welcome to our Trezor review. Take a look below to see why this could be the hardware crypto wallet that you’ve been waiting for!
The good news is that there are two Trezor wallets that both offer you a safe and convenient way to manage your crypto assets. So should you get the Trezor One, the Trezor Model T or a completely different hard wallet? There’s only one way to find out and that’s to read our Trezor review below!
Trezor: Pros & Cons
- Large number of cryptos supported
- High security level
- Trusted hardware wallet
- More expensive than competitors
You’ll know that cryptocurrencies can be very valuable, but they can also be vulnerable to all manner of attacks. This is because any information stored online – including your crypto assets – can easily be copied and stolen. As a result, any of the online exchanges that provide crypto wallets in the form of a hot wallet will be at the risk of hacking.
Similarly, you may have a soft wallet in the form of software installed on your tablet, smartphone or computer, and because these devices are always connected to the internet, it is relatively straightforward for a hacker to come and steal your digital assets.
This is why many people choose to use a hardware wallet like the ones discussed in our Trezor review. The fact that your crypto assets are kept on a separate hardware device means that your cryptos can’t be hacked and won’t suddenly vanish. So if you’ve spent hours getting your assets on the best crypto mining platform, a good hardware wallet should be able to keep them safe.
A Trezor wallet is basically a small computer that you use to keep your private keys away from the risks that you get if you store your cryptos on a regular computer or mobile. Each crypto transaction that you make will be made directly on the Trezor device away from the dangers of the internet. The screen on the Trezor device will let you check things like the address, amount, fees and so on before you send your money. So let’s have a closer look at how these wallets work.
|Headquarter||Kundratka 2359/17a, 180 00 Prague 8, Czech Republic”|
|Year of Founding||2013|
|Phone||420 774 555 756|
User-friendliness – Nicely designed wallet found in our Trezor review
While your online security is at the core of these Trezor wallets, they are also wonderfully intuitive to use. It’s evident that a lot of thought has got into making each wallet convenient to use and everything feels well-built.
Both the Trezor One and Model T are robust enough to manage the occasional drop and you should feel confident that they aren’t just going to fall apart. The Trezor One has a pretty basic but functional monochrome display and there are two buttons for navigation. This contrasts with the Trezor Model T that benefits from a full color touchscreen and also has a microSD card for added security.
We should note that while the Trezor Model T is pegged as the premium choice, both devices are easy enough for complete crypto novices to use and we managed to set up our wallets in around 10 minutes. So regardless of whether you are new to cryptos or have plenty of experience, Trezor should be a good fit for your needs.
The hardware of the Trezor wallets are only half of the picture and it is the underlying software where Trezor really shines. By firing up the Trezor Suite, you’ll get a convenient place to manage all of your stored crypto assets. You’ll see all of your tokens organized into different accounts so that you can keep track of your overall quantity of Bitcoin, Ethereum and so on. There is also an overall portfolio value page that you can check to see how much your assets have grown over the past week, month, year and so on.
The Trezor Suite is also the place where you’ll be sending and receiving your crypto assets. It’s very simple to send cryptos as you just have to paste in the recipient address, and then you can input the crypto amount and see its relative value in a fiat currency like US Dollars. The best bit is that you can toggle between different fees you have to pay for sending your money and the approximate delivery time will be displayed accordingly. Once your payment has been sent, you’ll get a confirmation of where the cryptos were sent and what the fee was. There will also be more useful information regarding delivery times, fee level, broadcast, RBF and so on.
Other cool features include the ability to avoid any phishing attempts as your Trezor device will be able to tell if the receiving address has changed. Plus you can even sign and verify messages directly from Trezor.
This desktop app is wonderfully intuitive despite all of the enhanced security and privacy features. Plus it’s nice to see that Trezor will be providing regular updates to ensure that performance remains up to par. The overall design also has handy features that allow you to compare the current market rates of your cryptos so that you can buy, exchange and send your coins directly from within the wallet.
You have two types of payment methods available when purchasing your Trezor crypto hardware wallet from the website directly. Firstly, you can pay with their bitcoin or litecoin by using Confirmo at the checkout. Trezor clearly advises customers on their website not to make cryptocurrency payments directly from an exchange. Doing so may result in underpaying, which would in turn cause the transaction to fail completely.
Fiat currency payments can be made via your credit or debit card by selecting GoPay when at the checkout. The only supported currency for card payments is Euros, so your bank may charge a currency conversion fee if Euros isn’t your account’s base currency. Additionally, Trezor has an official Amazon store and has multiple resellers throughout the world, particularly in countries where importing electronic goods causes issues and expenses when going through customs.
Just like the best crypto exchanges, the best wallet brands will always make sure that their customers get all of the help and support they need. You’ll get premium support regardless of whether you purchase the Trezor One or Model T wallets. All of the help you need will be found in the help center where you’ll find a wealth of handy guides pertaining to everything from setting up your wallet to sending your first crypto payment.
We liked the community area that offered a good way to see how other Trezor users are using their wallets and it was fairly simple to find the customer support email address. To be honest, we would have liked to have had some kind of live chat or telephone facility. However, it’s worth mentioning that you can contact Trezor on its social media channels like Twitter and Facebook.
It might not seem massively relevant but Trezor also has a blog that’s well worth reading. It’s a good place to check out what the latest products are from the brand, and you’ll also discover what the forthcoming security updates will be. Plus if you’re really geeky, you can head over to the Dev Corner and see how the boffins at Trezor are keeping their brand ahead of their rivals.
Is Trezor safe? The key part of our Trezor review
A big part of Trezor’s appeal is just how secure their crypto wallets are. There’s a standard PIN entry that you’ll have to do on the Trezor device as well as on your computer or mobile. This is doubled up by a passphrase entry on your Trezor and computer or mobile and there is Universal 2nd Factor authentication too. All of these features as well as the device recovery seed and encryption via GPG are common to the Trezor One and Model T.
There’s also a dedicated password manager that can only be accessed through the encrypted storage on the cloud. The good news here is that this password manager can’t be accessed by a single master password. Instead you’ll find that you can only reach it by using a physical button on your Trezor device.
We should note that the Trezor Model T has the bonus feature of the Shamir backup facility that basically lets you have over a dozen recovery shares. Model T users also get FIDO2 authentication on their device.
We loved just how transparent Trezor is in the way that it assesses the security of its wallet. Each model of wallet and every software upgrade is regularly audited by security researchers and the Trezor track record is there for all to see.
What if you lose your hard wallet? More security found in our Trezor review
Our Trezor review was also pleased to see many more thoughtful security touches added to the brand’s wallets. For example, you’ll get a personal recovery seed that you can use to regain access to your digital assets should you lose your hardware. This recovery seed comes in the form of a 12 to 24-letter long word that will unlock your backup wallet.
The seed is automatically generated as soon as you first launch your Trezor wallet and it will be completely unique for your account. Just so you know, the seed is based on the same encryption standards used by SatoshiLabs so it’ll be compatible with a variety of apps and be hack-proof too. It’s something that no one will want to go through, but thankfully the whole process is fairly simple and shouldn’t take longer than a handful of minutes to put right.
It’s important to note that Trezor isn’t a small-scale operator who’s just entering the crypto wallet realm. It is a brand that has been one of the key players in the crypto wallet industry ever since it started operations in the Czech Republic back in 2013. As such, Trezor has got the seal of approval from many industry heavyweights ranging from Forbes and CNN to some major crypto exchanges.
We also found that Trezor enjoys a pretty good reputation across the internet. The majority of customer reviews we found were of the opinion that the Trezor wallets were definitely worth the money. As such, we can see that Trezor could be the brand of choice for many crypto advocates. The only negative opinions that we saw were that the Trezor Suite didn’t yet have the functionality for accepting certain coins, but we’re guessing that these issues have been ironed out by now.
With more and more of us starting to use blockchain technology either through buying coins, using a crypto lending platform or trading NFTs, it’s clear that we’re relying more and more on technology to keep our assets safe. Thankfully our Trezor review found that this brand’s hard wallets are more than up to the task.
Both the Trezor One and Trezor Model T offer you the highest levels of security so that you can manage your crypto assets with confidence. Plus it’s nice to know that Trezor has quality customer support and a handy back-up seed in place should something go wrong.
Obviously, Trezor’s products aren’t the only wallets on the market, and you should definitely check out what we found in our Keystone review. But on the whole, we’ve been impressed with what we found in our Trezor review and you should give their crypto wallets a closer look.