Welcome to my Trezor Wallet cryptocurrency hardware wallet review. Here I discuss the various features of the Trezor Hardware Wallet and include reviews by users.
TL:DR Trezor Wallet
Trezor One €69 EUR; Trezor Model T €149 EUR.
Trezor Wallets are developed by SatoshiLabs, world leaders in cryptocurrency security. Store your cryptocurrency offline with the Trezor wallet (Trezor One or Trezor Model T).
Protect your private keys with 12-word recovery seed list. Device is PIN protected. Add a passphrase (“25th seed word”) if you like.
Highest grade security. Easy set up. Simple design. Supports U2F. Also has a password manager app. Supports over 670+ cryptocurrencies.
If you’re on a tight budget the Trezor One provides everything that you need in a cryptocurrency hardware wallet without having to dish out an extra €80 EUR for a few extra supplementary features.
* Do not use the device if the hologram sticker seal is damaged or missing from the Trezor Device upon opening the package for the first time *
** Never buy a hardware wallet from a third party (i.e. eBay, Kijiji, Craigslist, forums, or random sellers on Amazon). ONLY buy directly from Trezor or from an authorized reseller (legit reseller, affiliates, or Amazon itself). **
On to the full review…
The Trezor suit of hardware wallets is world renowned and considered one of the top/best hardware wallets on the market.
The three most important factors in a good cryptocurrency hardware wallet are: (1) security; (2) support (both for the hardware wallet and for many cryptocurrencies); (3) user interface. Trezor delivers spectacularly on all 3 factors.
As you will see from this post, the Trezor wallet satisfies all three critical factors when considering which cryptocurrency hardware wallet to purchase.
- Trezor (by SatoshiLabs)
- Trezor Wallet App
- Trezor Supported Cryptocurrencies
- Trezor One & Trezor Model T
- What’s in the Box?
- Price: Trezor One & Trezor Model T
- Trezor Wallet Pros and Cons
- Trezor Wallet User Reviews
- Markshire Crypto Conclusion On Trezor Wallets
Trezor (by SatoshiLabs)
The Trezor Wallet was developed by a company called SatoshiLabs. SatoshiLabs was founded in 2013 in the Czech Republic by three founders: Marek, Pavol, and Alena. They set out on a mission to develop cryptocurrency hardware wallets. They claim to be the world’s original cryptocurrency hardware wallet, but I have no way of verifying which hardware wallet actually was released first.
The story behind SatoshiLabs…
Marek, one of the founders, was mining Bitcoin since 2010, but as time progressed it became increasingly difficult to mine. He then thought of the concept of mining pools and created the world’s very first mining pool called Slush Pool (formerly Bitcoin.cz Mining, today operated by Braiins.com).
His mining pool was hacked and thousands of Bitcoin were stolen during the Linode hack in 2012. Marek wanted a solution to protect cryptocurrency… so he made one.
Marek met Pavol and Alena, and together, the three of them developed their first prototype hardware wallet in 2012. It was functional. They founded SatoshiLabs in 2013, and in 2014 shipped the first Trezor Wallet (Trezor One).
Trezor began with the desire to find a solution to a hack, and SatoshiLabs has made many contributions to the Bitcoin and cryptocurrency ecosystem. They developed BIP39 & BIP44 which are used by most hardware and software wallets.
Today the Trezor Wallet (by Satoshi Labs) is one of the most popular and highly regarded cryptocurrency hardware wallets. Trezor has developed a professional, easy to use Trezor Wallet software interface with an integrated password manager to protect all of your online security. Trezor has released two hardware wallets: Trezor One, and Trezor Model T.
Trezor Wallet App
The Trezor Wallet App has two main features:
(1) The Trezor Wallet
(2) Trezor Password Manager
The Trezor Wallet
The Trezor wallet is a simple to use, cleanly designed software application that is compatible with both computer and smartphone devices, on a variety of operating systems: MacOS (10.11+), Windows (7+), Linux, and Android OS.
The Trezor wallet app has some simple features to it:
- Receive cryptocurrency
- Send cryptocurrency
- Sign and verify transactions
- View your transaction history
While it is quite simple in its design and function, these very functions are what give you your financial sovereignty, allowing you to transact with anyone, anytime, anywhere and not be censored or stopped. You can see from the images in this section that the design is clean, elegant and functional.
Trezor Password Manager
Another highly underrated feature of the Trezor hardware wallet is it’s capacity to function as a password manager for your online accounts. In today’s digital age we all have so many various online accounts, from social media to bank accounts to email, Skype, online shared storage, PayPal etc. Good security practices dictate that you should have a different, difficult password for each account, but who can keep track of all of that?
The Trezor Password manager allows you to rest easy. You can store your account login information and password offline on the Trezor device. This is better than smartphone password applications because that is an app that stores your information on an online centralized database that your phone accesses when needed. It does not store your information offline like the Trezor hardware wallet does.
This would mean needing your Trezor device to sign into your accounts. But this is a small inconvenience for the high grade security that the Trezor hardware wallet allows.
Trezor Supported Cryptocurrencies
There are many supported cryptocurrencies.
- Bitcoin (BTC)
- Litecoin (LTC)
- Dash (DASH)
- Bitcoin Cash (BCH)
- Binance Coin (BNB)
- + over 670 other cryptocurrencies
- Ethereum (ETH) (+ all ERC20 tokens)
- Ethereum Classic (ETC)
The Trezor wallet supports more cryptocurrency than you’d likely even buy, considering that a large percentage of the cryptocurrency tokens/coins in existence are ERC20 tokens.
Trezor One & Trezor Model T
The Trezor One is the original Trezor hardware wallet. The Trezor Model T is the premium version that does not compromise on security and adds some extra features such as a touch screen, microSD card and on Trezor data/file encryption.
Both versions of the Trezor support PIN protected login as well as passphrase entry on the Trezor Wallet App (passphrases are typically never stored anywhere, so never forget your passphrase). Device recovery is enabled via the 12 seed word recovery list as well as with the microSD card in the future.
The Trezor Wallet App also allows you to generate QR codes for others to scan making receipt of payment very easy (compared to typing in that long case-sensitive alphanumeric address).
What’s In The Box?
- Physical Trezor Hardware Wallet Device [with hologram sticker seal]
- Getting Started Instructions
- Power/connector cable (USB/USB-C)
- Recovery seed word paper to record your seed word list on (x2)
- [Model T only] Magnetic dock to hold/store device somewhere convenient
** When you are presented with your 12-word recovery list on the physical Trezor hardware wallet device, never make a digital copy. Write it down on paper and/or cryptosteel.
Price: Trezor One & Trezor Model T
There is a decent price gradient between the Trezor One and the Trezor Model T.
Considering that the Trezor wallets allow you to independently and securely store you wealth as well as allow you to transact easily with anyone, anywhere, anytime it is my personal opinion that both prices are very reasonable.
I would agree that you get more per dollar/Euro for the Trezor One than you do for the Trezor Model T. The Trezor One provides industry standard security, a wide range of cryptocurrency support and customer support for €80 EUR less than the Trezor Model T.
Trezor One Price: €69 EUR
Trezor Model T Price: €149 EUR
Trezor Wallet Pros and Cons
Trezor Wallet Pros:
- Simple user interface
- Quick set-up
- Cold, offline hardware wallet to protect your cryptocurrency
- U2F enabled
- Can generate QR codes for others to scan
- Compatible for computer and smartphone
- Compact, sleek design
- Model T comes with magnetic feature to store easily
- Affordable Trezor One at €69 EUR
Trezor Wallet Cons:
- Costs, while the €69 EUR is more affordable, the €149 EUR can be prohibitive for people who are low on funds
- No Bluetooth capabilities mean always requiring a physical wire
Trezor Wallet User Reviews
Markshire Crypto is your honest source on cryptocurrency so I have included some reviews from other users of the Trezor wallet. On Amazon the product (Trezor Model T) has 4.5/5 stars with 44 reviews. Not a ton of reviews were made, but the majority (75%) were 5 star reviews.
Markshire Crypto Conclusion on Trezor Wallet
Markshire Crypto recommendation: BUY.
The Trezor Wallet is one of the top wallets out there in the cryptocurrency market. As cryptocurrencies such as Bitcoin, Ethereum, Litecoin, XRP, EOS, Cardano, Binance Coin etc gain in both popularity and value, exchange hacks will likely increase.
Therefore keeping your cryptocurrency safe with your private keys offline is the BEST way to individually protect your wealth and keep yourself financially sovereign.
Not your keys, not your cryptocurrency.
Comment below with your questions about the product as well as any reviews or information you’d like to share with your fellow cryptocurrency investors, enthusiasts, HODLers etc.