Trezor One Review: One of the Best Wallets Around

The Trezor One is one of the best hardware wallets for cryptocurrency on the market, and it comes at an affordable price. The Trezor was created by SatoshiLabs in 2014 and was the first cryptocurrency hardware wallet in the world. The Trezor hardware wallet, now called Trezor One, was the first product to offer a recovery seed and passphrase protection. Trezor has become immensely popular in the crypto community due to its security, affordability and ease of use.. Our Trezor One review will help you decide if it is right for you.

Trezor One Overview

Trezor Logo

Trezor One

  • Affordable price
  • Simple to use
  • Supports over 1000 coins and tokens
  • Trusted brand

Trezor One Pros & Cons

The Benefits PRO's
  • Affordable
  • Easy to use
  • Purchase cryptocurrencies with USD and exchange them in the wallet
  • Web browser, Desktop OS, and Android supported
  • Supports over 1000 coins and tokens
The Downside CON's
  • No support for iOS
  • Only select cryptocurrencies can be purchased with fiat
  • Not free like software wallets
  • A little more expensive than competitors

Trezor One at a Glance

Wallet type: Hardware
Platforms supported: Windows, MacOS, Android, iOS
Cryptocurrencies supported: Over 1,000 cryptocurrencies and tokens
Price $59-$69
Device size: Small-Medium
Year released: 2014
Pin code protected: Yes
Mobile support: Yes
Trust rating High

Beginner Perspective of Trezor One

The Trezor One is a great cryptocurrency hardware wallet for beginners. It is easy to setup and use. It allows you to purchase assets and tokens directly through the Trezor Wallet application. You can also exchange your crypto assets and tokens within the app as well. Beginners can make their first crypto purchase without having to register with an exchange, something that most other software wallets do not offer. The Ledger hardware wallets, Ledger Nano X and Ledger Nano S, do not offer this either.

Trezor White Hardware Wallet

Best Features

The best features of the Trezor One cryptocurrency hardware wallet are that it is extremely secure and Trezor provides detailed step-by-step support for setup, purchase, and exchange of assets.

At around half the cost of the Ledger Nano X, and cheaper than the Nano S, the Trezor One offers the same level of security. Trezor One also allows users to purchase crypto directly through the Trezor Wallet app using fiat. These purchased assets can be traded on there too. With this setup, you  are able to safely store your crypto assets right away.

Cryptocurrencies Supported

Trezor supports over 1000 crypto coins and tokens including:

For a full list of supported digital assets please visit: https://trezor.io/coins/

Is Trezor One Safe?

Your private keys are stored and isolated inside the device, keeping them offline. A PIN code is required to access the hardware wallet, and all transactions must be confirmed by pressing the physical buttons on the wallet which are connected to a device via USB cable.

An extra security feature is that you can create a separate account protected by a passphrase. You can store whatever assets you wish here, so if your PIN is compromised, whatever is stored in this separate account cannot be accessed. This makes it harder for your assets to be compromised if lost or stolen.

Finally, the Trezor One uses a 24-word recovery seed phrase. There is also the option to use a 12-word recovery phrase.

In addition, Trezor allows compatibility with Universal 2nd Factor (U2F).

Supported Operating Systems

The Trezor One hardware wallet is supported on desktop operating systems Windows, macOS, and Linux, while also offering FireFox and Chrome extensions. It also offers mobile support for Android phone, however there is currently no support for iOS.

Potential Dealbreakers

The only potential downside with the Trezor One cryptocurrency hardware wallet is the cost. The Trezor One costs around $59 USD before tax and shipping.

Also, users who want a wallet compatible with iOS will need to explore other options.

Trezor One Frequently Asked Questions

About the Author

Evan Jones CryptoVantage headshot

Evan Jones

Evan Jones was introduced to cryptocurrency by fellow CryptoVantage contributor Keegan Francis in 2017 and was immediately intrigued by the use cases of many Ethereum-based cryptos. He bought his first hardware wallet shortly thereafter. He has a keen and vested interest in cryptos involving decentralized backend exchanges, payment processing, and power-sharing.