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About Trezor

Trezor is one of the most popular hardware wallets known for storing cryptocurrency with robust security. Trezor claims to be the world’s first and most secure cryptocurrency hardware wallet. It is a physical key-sized device which can be used to hold the cryptocurrency private keys offline in cold storage. SatoshiLabs developed the Trezor One in 2014, and the company aims to deliver digital freedom with utmost security. Later an upgraded version, Trezor Model T was released in 2018 to simplify the process of storing crypto without sacrificing security.As of 2022, both Trezor wallets support hundreds of coins and tokens. Trezor is a single-purpose computer that allows the user to secure cryptocurrencies, sign transactions and manage digital identity. Trezor wallet is never connected to an Internet server and ensures all the private keys are offline, which makes it impossible for somebody to hack the device. Trezor makes a bold claim that the device is even capable of connecting to a malware-infected device and perform safe transactions.

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Trezor Wallet Pros and Cons

Pros

  • Extra Secure

    While setting up the account, Trezor doesn’t ask for any username or email, and personal information is not collected. In the Trezor wallet, a user can generate as many addresses as they want for performing the transactions. It makes it difficult to link transactions to a person and ensures a high level of anonymity for the user.

  • Feature-Packed

    Trezor supports a multi-pass-phrase feature to create multiple wallets on the same device. The 2-factor authentication can also be used to strengthen security. During the initial set-up of the wallet, it prompts you to jot down the 24-word seed phrase. It can be used to restore the wallet along with the funds in case the wallet is lost or stolen. Trezor also has an in-built password manager to manage the digital identity with high-level security and encryption.

  • Multi-platform

    Trezor hardware wallets can be managed with the Trezor Suite program: the device must be connected to the computer with a USB cable to manage cryptocurrency. Trezor is supported by all the major operating systems like Windows, Mac OS, and Linux. It is also compatible with Android smartphones and there is a Chrome extension. The user interface is designed to be simple and lets users view transactions with send and receive tabs. Also, the In-app exchange feature can be a quick fix for instant exchanges in the wallet, and you can connect Trezor with a software wallet to manage the transactions.

Cons

  • Upfront Cost

    Trezor One and Trezor Model T are priced at 70 EUR and 220 EUR respectively. Though the device is a little pricier than the other crypto wallets, it is worth every penny.

  • Takes some getting used to

    A PIN must be set up to access the account and use the Blind matrix which can be used even on untrusted computers. However, you might need to watch a tutorial once or twice to understand it well. The PIN will only be displayed on the Trezor device screen instead of the computer making it impossible for hackers to steal your digital assets. Transactions will be initiated only after the user verifies and clicks the physical button on the device.

Final Verdict

With its robustness of security features, Trezor is arguably one of the safest and secure wallets to hold and manage your cryptocurrencies. Trezor Wallet offers the best of both worlds by delivering military-grade security and a sleek user interface that can be accessed on various platforms.

CategoryRating
Security90/100
User-Friendliness70/100
Popularity70/100
Supported Coins80/100

FAQ

Is Trezor Wallet safe?

Hardware wallets by Trezor are some of the safest options to store cryptocurrency offline. They keep private keys offline, preventing any interception.

Is Trezor a cold wallet?

Trezor devices are cold (offline) hardware multi-currency crypto wallets. They have to be connected to a computer with a USB device to manage the assets.

What platforms can use Trezor Suite?

The companion application for the Trezor hardware wallets, Trezor Suite, is available on Windows, Mac OS, and Linux. It is also compatible with Android smartphones and there is a Chrome extension.