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Trezor One Review: One of the Best Wallets Around
The Trezor Model 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 Model 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 Model One review will help you decide if it is right for you.
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- Affordable price
- Simple to use
- Supports over 1000 coins and tokens
- Trusted brand
Meet Our Reviewing Team
Trezor One Pros & Cons
Pros
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
Cons
No support for iOS
Only select cryptocurrencies can be purchased with fiat
Not free like software wallets
A little more expensive than competitors
Beginner Perspective of Trezor One
The Trezor Model 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.
Best Features
The best features of the Trezor Model 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.
Many Trezor Model One reviews also highlight the affordability of the wallet. At around half the cost of the Ledger Nano X, and even cheaper than the Nano S, the Trezor Model One offers the same level of security. It’s also significantly cheaper than Trezor’s other wallet — the Trezor Model T.
Trezor Model 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.
It’s also worth pointing out SatoshiLabs, the inventors of the Trezor wallet, are constantly innovating and developing different cryptocurrency-based projects. Over the years SatoshiLabs have helped a variety of different crypto companies shore up their security including some open-source projects. They are a huge boon for the crypto industry overall.
Cryptocurrencies Supported
The list of Trezor Model One supported coins is both long and diverse. The wallet supports all the obvious cryptos — such as Bitcoin and Ethereum — but also includes more obscure altcoins.
In total the Trezor Model One supports over 1,000 coins including the following:
- Bitcoin
- Ripple
- Ethereum
- Tether
- Bitcoin Cash
- Litecoin
- EOS
- Stellar
- Cardano
- Monero
- Chainlink
- Dogecoin
- Dash
- Tezos
- Ethereum Classic
For a full list of supported digital assets please visit: https://trezor.io/coins/
Is Trezor Model 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 Model 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 Model 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 Trezor Model One doesn’t have a lot of downsides. One thing that users might miss from higher-end devices like the Trezor Model T is the large touchscreen. Large touchscreens offer an easy way to enter your pincode directly on a device or confirm a Bitcoin address.
The Trezor Model One is one of the more affordable cryptocurrency wallets but if you plan on storing thousands of dollars on cryptocurrency than there’s a good chance you’ll want to just go ahead and spend the extra $100 or so to get the added features of devices like the Trezor Model T or Nano Ledger X. Still, some people prefer the simplicity of the Trezor Model One so don’t discount it entirely even if you have the money to buy a higher-end wallet.
Also, users who want a wallet compatible with iOS will need to explore other options as Trezor wallets are limited to connecting to devices using a USB cord.
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 Model 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.
