Is Trezor Safe? The Answer In My Trezor Review
If you’re collecting as many tokens as possible, then you need a reliable wallet. Over the years, I had the opportunity to try different kinds of cryptocurrency wallets. But lately, I’ve been solely using my Trezor bitcoin hardware wallet. And I’m very happy with it. Because it makes it easy for me to join hundreds of cryptocurrency airdrops. This is definitely my best hardware wallet. Check out my Trezor wallet review below. And you’ll understand why you should seriously buy Trezor to store your cryptocoins and tokens.
Trezor has been around for what we can consider ages in the crypto world. And there are good reasons that explain that longevity. First, it’s been developed by a reliable company, one of the pioneers of the bitcoin industry. Second, you won’t find any wallet as secure and as convenient as this one. Period. Third, it’s one of the cheapest hardware options you can find on the market.
Now, if you want to go into details, keep reading. And these are the sections you’ll find:
Trezor review in video
I’m more of a reading-type of guy. But if you prefer to get your review in video, I’ve created a quick one, that you can watch below. Hope you’ll like it. Not only is this wallet great for crypto airdrops, but it’s also nice if you want to buy bitcoin and HODL.
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Introducing Trezor bitcoin hardware wallet
First of all, I’ve already written an article about crypto wallets. So I won’t explain the difference between hot and cold or software and hardware. But feel free to read it, to have a better understanding of what we’re discussing here. Just keep in mind that a cold hardware wallet is the safest way to store your assets. And it’s also the most convenient. That’s why I’d recommend you to use one.
If you’ve never heard this device, here’s a brief introduction. Satoshi Labs, a Czech company, released its product in January 2014. It was one of the first hardware cryptocurrency wallets to hit the market. And it quickly grew in popularity. Indeed, users loved the product. And they were thrilled to recommend it to their friends. Not to mention that the Trezor wallet reviews were really good.
Like most success stories, it all started with a couple of enthusiasts. But not in a garage this time, at least not that I know of. These two developers decided to build a hardware wallet for cryptocurrencies. And they ended up giving the community the “original cryptocurrency hardware wallet.”
The company recently launched a new model. And users now have the choice between One and Model T. While the first one is the gold standard, the second one is a premium version with additional features.
I bought mine over a year ago. So, my Trezor wallet review is more related to the first generation. But the Model T looks great – I just don’t have the need to upgrade yet. And I’ll update this article when I get it!
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Unpacking the device
In the case of a crypto-wallet, unpacking is a bit different from the other products. Because you must make sure that no-one has ever opened the box before you do. Or it wouldn’t be safe for you to store your coins and tokens: The wallet would be compromised.
So, when you receive the clean-looking black package, verify that the holograms haven’t been tampered with. The Czech Republic company glued the box together – it’s impossible to open it without tearing them apart. And if the package is damaged, I’d recommend you to return it to Satoshi Labs immediately.
What’s in the box? This is what you can find in the box:
- Trezor bitcoin hardware wallet
- USB cable (micro USB)
- Guide: Getting started
- Recovery seed card
- 4 stickers
And that’s everything you need. The device itself is made of black (or white) plastic – it’s very light. And you’ll see a small screen and two buttons on the front, and a USB port at the bottom. This simple design ensures that there are less weak spots – to send and receive and protect your crypto-assets.
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User interface: Simple and efficient
While the process is straightforward, you can find the whole process to get started in their guide. And I won’t spend time on the setup process in this Trezor review. Feel free to contact their support or do a quick Google search if you need help. But everything’s user-friendly. And I’me sure you can handle it, even if you’re not tech savvy.
A word on your recovery seed – because it’s critical. You have to write the 24-word passphrase down on a piece of paper and store it in a safe place. Because it’s the only way to recover your funds if you break or lose your device, or if someone tries to steal them from you. I’d also recommend enabling the PIN code protection, to add a layer of security.
But let’s talk about their web interface. It’s well designed, with two tabs and the list of currencies on the left. And even if you’re new to crypto, you’ll understand how it works in no time. When you switch to crypto, you can check your transactions, receive and send funds.
Not only is the user experience smooth, but it’s also secure. Indeed, you need to confirm all your transactions and address generation on the device. So, you don’t have to trust any computer…
While you can use Trezor with third-party interfaces and services, like Electrum, I’d recommend setting up the device directly in the web wallet interface.
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Security: Is Trezor safe?
The short answer is: Yes, it is. But let me give you some more details here. Because that’s one of the reasons why you’re reading my Trezor wallet review now.
As I mentioned above, experts’ Trezor wallet reviews have acclaimed this product. Because I’m no security specialist, I rely on the community and the experts who audited the device. And it has a reputation as a secure and transparent device, unlike some of their competitors’. Indeed, you can check both hardware and firm on GitHub, as everything’s open source and publicly available.
On the user’s side, the device is empty when you receive it. And you need to install the firmware yourself. During the process, you can enable the PIN protection – as recommended above. You can also label the device and change your home screen. As a result, it’s really yours and it can’t be replaced by a fake.
Finally, when you need to update settings, sign a transaction or generate a receiving address, you need to confirm with the device. And it’s almost impossible to steal a private key, which is kept in an isolated environment. If someone manages to steal your private keys, chances are that you compromised your recovery seed…
So is Trezor safe? YES!
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Supported coins and tokens
At the time I write this Trezor wallet review, there are over 700 coins and tokens that are supported by this cold wallet. And that’s more than any of their competitors – more than Ledger Nano for example. Name it, you got it: Bitcoin, ethereum, litecoin, dash, ripple, etc. You can even check the list of all the coins and ERC-20 tokens that are supported here.
As an airdrop hunter, this is the reason that convinced me to buy a Trezor. With this little device, I don’t have to switch from one Google Chrome extension to the next. From Metamask to Scatter to the bitcoin wallet, for example. I manage all my digital assets from the same interface. And that’s so much easier. Maybe I’ll upgrade to Model T when I decide to buy some ripple…
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How much does it cost?
With the launch of the Model T, the One’s price has recently gone down. And it now costs 69 EUR (or about 79 USD). If you want to get the premium model, it will cost you 149 EUR (or about 169 USD). You can find a comparison of the two products side by side on their website.
And if you wonder where to buy Trezor, I’d recommend visiting their official shop: shop.trezor.io.
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In their shop, you’ll find different accessories to improve your experience with this little device. I remind you that you can carry it around, either in your pocket or on your keychain. And you should protect it from dust, dirt or drop either with a leather case or a silicone case.
Also, if you want to connect anywhere, Satoshi Labs offers small, tangle-free, charging/sync cables. They’re available in micro USB and USB-C.
Finally, if you’re a bit paranoid about your cryptos, or if you really have huge sums to store, you should take a look at Cryptosteel. It’s a steel backup for your recovery seed. And it’s almost indestructible, unlike the paper card you’ll get in the box. This tool can protect your passphrase from fire and flood!
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Trezor wallet review: Conclusion
Thank you for reading my Trezor review! I hope it’s detailed enough for you to make up your mind about Trezor bitcoin hardware wallet. If you’re wondering: Is Trezor safe? Yes, it is. And if you’re looking for the best hardware wallet, look no further. Because you’ve found it. This is the product you need to keep your cryptos safe. It’s been adopted by the crypto community and cherished ever since.
To sum up, here are the 10 reasons to buy Trezor bitcoin hardware wallet:
- Easy-to-use: It’s intuitive and you don’t need a special skill set to use it.
- Handy: It’s your one-stop wallet for all your cryptos.
- Simple: Designed for one job and one job only – keep your assets safe.
- Extremely secure: Each step of the process is
- Reliable: You can lose it or break it and you’ll still have access to your assets.
- Hundreds of cryptos supported: Bitcoin, ethereum, ripple, etc.
- Affordable price: The price just dropped by 20%!
- Offline wallet: The safest way to manage and trade your digital currencies.
- Premium support: Use support tickets or ask the community.
- Airdrop compatible: Use it to receive all your free tokens.
This was my Trezor wallet review. I hope it helped you make up your mind. And I hope you’ll get one today!
You'll find below the pros and cons of Trezor hardware wallet. And a quick evaluation of different criteria that could help you determine if this wallet is a good match for you. I use mine on a daily basis and it was hard for me to find any con - the only one I found I could easily fix by upgrading to the premium model...
- Ultra secure
- Cold wallet
- Need Model T for some cryptos