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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.
- Affordable price
- Simple to use
- Supports over 1000 coins and tokens
- Trusted brand
Trezor One Pros & Cons
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
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
|Platforms supported:||Windows, MacOS, Android, iOS|
|Cryptocurrencies supported:||Over 1,000 cryptocurrencies and tokens|
|Pin code protected:||Yes|
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.
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.
Trezor supports over 1000 crypto coins and tokens including:
- Bitcoin Cash
- Ethereum Classic
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.
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.
Frequently Asked Questions
No, the Trezor One does not have a touch screen, it has an OLED display which can show up to six lines of text at a time. The Trezor Model T, Trezor’s newer hardware wallet, offers a touchscreen LCD display, but it costs three times as much as the Trezor One.
Yes! The Trezor One is a great way to store Bitcoin Cash. Trezor hardware wallets offer top-notch security by storing your private keys on the device and protecting access to your wallet with both PIN code and available passphrase security.
No, Trezor One does not offer Two-Factor Authentication (2FA) because the purpose of a hardware wallet is to replace 2FA. Trezor does offer compatibility with Universal 2nd Factor (U2F).
No, Trezor hardware wallets are not waterproof. Trezor does sell silicone and steel cases for their hardware wallets, but they are not rated as waterproof either. Should you drop your Trezor hardware wallet in water and it loses functionality, you can always recover access using your recovery seed phrase, as your assets are safely stored on the blockchain, not on your Trezor device.
Trezor is the company which created the first cryptocurrency hardware wallet, which was initially called the Trezor hardware wallet. Upon release of the Trezor Model T, they rebranded their first wallet the Trezor One. Trezor may also refer to their software application.
Trezor’s headquarters are located in Prague, the capital of the Czech Republic, where Trezor was created.
Yes! You can safely buy the Trezor One on Amazon. Trezor places tamper-evident holograms and seals on all of their packages. Make sure that the package you receive is completely sealed before opening it.
The Trezor One is better than the Ledger Nano S in some ways. This is because the Trezor One (and Model T) offers users the ability to not only store their cryptocurrencies safely, but also purchase them with fiat and exchange them from the safety of the Trezor wallet app. The Trezor One is also cheaper to buy than a Ledger Nano S.
No, the Trezor One does not have Bluetooth, neither does the Trezor Model T.
Yes! Both the Trezor One and Trezor Model T are compatible with the Exodus software wallet. Users can then manage their Trezor device from the Exodus Wallet desktop application.