• Security: ★★★★★ 5/5
  • Sending & Receiving Coins: ★★★★★ 5/5
  • Supported Coins: ★★★★★ 5/5
  • Size: ★★★★☆ 4/5
  • Customer Service: ★★★★☆ 4/5
  • User Friendliness: ★★★★★ 5/5
  • Compatibility With Other Wallets: ★★★★★ 5/5

Trezor Reviews [Features, Pros & Cons, Alternatives]

Fact-checked
  • Security: ★★★★★ 5/5
  • Sending & Receiving Coins: ★★★★★ 5/5
  • Supported Coins: ★★★★★ 5/5
  • Size: ★★★★☆ 4/5
  • Customer Service: ★★★★☆ 4/5
  • User Friendliness: ★★★★★ 5/5
  • Compatibility With Other Wallets: ★★★★★ 5/5

Best For

Best for Security

STRENGTHS

  • Large screen with touch options
  • Top security to ward off hackers
  • Lots of supported currencies

WEAKNESSES

  • Non-sleek design
  • Touch screen is only for the Model T

With cryptocurrency becoming more and more popular these days, crypto wallets have begun emerging as a necessity for many avid crypto users. There are various brands offering crypto wallets in the market; each one offers its own take on how to store digital coins offline. This article, however, will focus on Trezor.

In writing this article, we’ve done extensive research, scouring through many Trezor reviews online and other published sources for credible information. After reading our review, you should be able to tell if Trezor’s crypto wallet is something you should go for, or if you should consider other alternatives. If you’re really interested in crypto, check out the best crypto tax software and whether investing in Bitcoin is a good idea.

What Is Trezor, and How Does It Work?

Just like you have a wallet for holding cash, cards, and coins, Trezor functions the same way, but for digital coins. These crypto wallets are physical devices that store cryptocurrencies offline. Aside from being storage devices, they are used for online exchanges of crypto assets.

So why would you need to have such a device when you can simply store all your digital coins in software wallets? There are actually many of those you can easily download onto your desktop or mobile device. In a nutshell, it all boils down to security. Since software wallets are installed in devices that are more or less perpetually connected to the internet, such connectivity poses a security threat. Software wallets can always be exposed to hackers. In case a hacker becomes successful in getting through your security measures, then your precious coins are going to be free for the taking.

Here’s where crypto wallets come in. Because the Trezor hardware wallet is offline, storing your cryptocurrencies in them naturally keeps hackers away. It would be impossible for anyone to steal your digital coins unless they get a hold of the device itself, and then crack your security codes.

Trezor’s Main Notable Features

Let’s take a look at Trezor’s key features:

Supported Coins

With so many new cryptos coming up right now, it’s actually hard to keep up. However, Trezor has an extensive list of cryptos it can support; they support more than 1400 as of the time of writing. It also currently supports more than 1,000 tokens.

Security Protection

Aside from keeping hackers away by staying offline, Trezor has some nifty security features to keep your coins extra safe. Trezor’s security is verified and audited. For one, Trezor features firmware verification signed by SatoshiLabs. Operations are also tightly guarded by PIN access. There’s also supplementary passphrase support which is not stored on the device.

Trezor’s shell is ultrasonically welded. This means that should you lose the device or break it, no one can easily restore and put it together to get access to your coins. Also, in case Trezor gets an invalid firmware signature, the bootloader automatically erases the memory.

Customer Service

If you encounter technical difficulties on your device, Trezor’s website has a support section that offers assistance. For the most part, help is machine automated; you’ll have to type in your problem at the search bar provided. Once you enter your search, the website will list solutions that are from their database. In theory, there should already be a solution for every type of problem.

This process is a series of if-then-else questions which should eventually take you to the answer you’re looking for. If at the end of the steps and you still haven’t found the solution, there’s finally the option that lets you send an email to actual people who can solve your problems.

User Friendliness and Convenience

The Trezor is a relatively large device, especially when doing a Trezor vs Ledger comparison. The Ledger is designed to mimic a typical thumb drive, making it a lot less small. On the other hand, Trezor is obviously wider, which is intended to accommodate the bigger screen; for many, this is a good trade off.

Using the Trezor is really easy. Operations are very straightforward and intuitive. The Trezor One has a large screen display that packs all the necessary information you need, and the two buttons which are used to interact during hardware operations feel solid and responsive. If you want a touchscreen version, go for the Trezor Model T.

Compatibility With Wallets/Exchanges

Trezor recognizes the need to communicate with other wallets, so it’s been designed to be compatible with some of the most popular ones out there. For desktop, it’s compatible with Electrum and Blockstream Green. For Android users, it works with Mycelium, and on the web, you can use myTrezor.com.

Sending and Receiving Coins

Receiving and sending coins can be easily done via the Trezor.io web application. Once you’ve already set up your account, you can hook up your Trezor device to your computer and start doing your transactions. As we’ve already mentioned in this Trezor review, operating this device is very easy and straightforward. When on the page, everything is clearly laid out with every step navigable to the next.

The Setup Process of Trezor Wallet

Here are the steps on how to set up a Trezor Wallet.

  1. The first thing you need to do is plug the Trezor Wallet into the USB port of your computer. You’ll then see an image of a lock on Trezor’s screen, which prompts you to visit the listed website. When you’re there, just scroll down and click on done.
  2. Every Trezor device doesn’t come with firmware, so this is when one can/will be installed. On the device itself, click continue. A set of numbers will appear on the screens of your computer and Trezor. Check to see if they match.
  3. After confirming that the numbers are the same, you’ll be prompted to name your device and start a new PIN entry. Entering your PIN is quite different as an additional security feature. On your Trezor hardware wallet, you’ll see 9 numbers in random order. On your computer screen, you’ll see 9 boxes corresponding to random numbers on the device. You’ll then have to enter your chosen PIN by clicking on the boxes based on the placing of the numbers on the Trezor device.
  4. Once your PIN has been accepted, the next step is to write down the recovery seed. This is used to recover your money in case you lose your Trezor, which is why this step is crucial. It gives you 24 words that you’ll have to write down on a piece of paper. Make sure to keep this paper a secret, as anyone who has access to these 24 words will have the ability to take your funds. The system will ask you to verify the passphrase entry. Once that’s done, you’re now ready to use your Trezor!

Pricing Plans

Here are the two variants of the Trezor wallet. For the purpose of this Trezor crypto wallet review, this table will only be showing major features where the two models differ.

Variants Price Display Security Interaction Micro SD Card Slot Micro SD Card Slot
Trezor One €49 ($58) Monochrome display with two buttons Via desktop or mobile connection None Less
Trezor Model T €159 ($189) Full-color touch screen On-device itself Included More

As the table clearly shows, the Trezor Model T is significantly more expensive than the Trezor One. With the increased price tag comes premium features, though. If you’re an avid crypto user who needs a pro device with the best functions, the Trezor Model T is a good choice.

Trezor Alternatives

Here are some Trezor alternatives you might want to check out.

Trezor vs Nano S Ledger

Win Trezor has a bigger screen and even a touch function with the Model T.
Lose Nano S supports more crypto assets.
Best Overall better user-friendliness.

Read our full Ledger review here.

Trezor vs Keepkey

Win Trezor has more wallets compatible.
Lose Keepkey has a much sleeker design.
Best Choose Keepkey if you like great functions for a cheaper price.

Many crypto wallets are on par with Trezor. If you like Trezor’s big screen design and compatibility with a number of wallets, it’s definitely the device for you.

Is Trezor Worth It?

Coming in at €49 ($58) for the Trezor One, this crypto hardware wallet has top-notch security features, user-friendly functionalities, and a lot of cryptocurrencies it can support. Judging from other Trezor reviews, yes, the Trezor is indeed worth the asking price.

Where Trezor Dominates

Here are the pros of Trezor:

Pros

  • Large screen with touch options
  • Top security to ward off hackers
  • Lots of supported currencies

Now let’s take a look at Trezor’s cons:

Cons

  • Non-sleek design
  • The touch screen is only for the Model T

FAQ

Do I need a crypto wallet?

Having a crypto wallet is beneficial if you want to keep your digital coins away from the reaches of hackers. By using crypto wallets, you can store your coins offline, keeping them safe and secure.

If I lose my Trezor, will I lose all my stored crypto currencies?

No. What’s important is to keep your 24-word recovery seed so when you replace your lost Trezor, the device recovery will be able to restore your previous device’s stored crypto to your new one.

Is Trezor a good crypto wallet?

Yes. As mentioned in many Trezor reviews, Trezor has great security features, user-friendly functions, and comes at two price points. We conclude that this crypto wallet type is one of the best on the market.

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