Trezor is a popular hardware crypto wallet manufacturer. Its wallets, including the Model One and Model T, have become popular asset storage choices among crypto holders.
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The Trezor Model T combines a quality design with all the security investors need to guard their crypto. Another point in its favor is its manufacturer, as Trezor is known for trustworthiness and transparency. This wallet isn't cheap, so it's important to be sure about it before you buy. Read our detailed Trezor Model T review to see if you should get it.
This wallet is a good fit for: Investors who want a user-friendly hardware wallet to protect their cryptocurrency and NFTs.
The Trezor Model T is a non-custodial hardware wallet designed to protect your crypto using cold storage. It connects to computer and mobile devices using a USB cable. You can send, receive, buy, and sell cryptocurrency with this wallet using the Trezor Suite app.
Cold storage for maximum security
In terms of security, the Trezor Model T is about as good as it gets. Since it's a hardware wallet, it uses cold storage, meaning your private crypto keys are kept offline. That eliminates the risk of your wallet being hacked. Trezor also has an excellent reputation, and its wallets are known for being secure.
Easy-to-use touchscreen display
One of the big advantages the Trezor Model T has over most hardware wallets is a large touchscreen display. It's much faster to type using this touchscreen than it is on the typical hardware wallet, where you only have two buttons and need to cycle through number options to enter your PIN code.
Compatible with computers and mobile devices
Trezor devices support all major computer operating systems, including Windows, Mac, and Linux. They also support Android mobile devices, with Apple mobile devices being the one notable omission.
Supports over 1,200 cryptocurrencies
The Trezor Model T supports quite a few types of cryptocurrency for a hardware wallet. It's not the best in this regard, as Ledger wallets support over 5,500, and some digital wallets support over 1 million. Still, there's plenty of cryptocurrencies you'll be able to store with this Trezor wallet.
If you own any non-fungible tokens, you can keep them safe with a Trezor Model T. They just need to exist on a blockchain network that's compatible with the Trezor device firmware. The only caveat is that the Trezor Suite app can't secure NFTs, so you need to manage them by connecting your wallet to a third-party app, such as Metamask.
Digital identity and password management
More than a crypto wallet, the Trezor Model T can also be used as a password manager and as a factor in two-factor authentication (2FA) and multi-factor authentication. Extras like these make the wallet more useful and help justify the higher price tag.
Extra protection with micro SD card
The Trezor Model T has a slot for a microSD card, which you can use as an additional security measure. When you enable this feature, the Trezor wallet is bound to the microSD card and can only be unlocked if the card is inserted. You can disable this feature at any time after unlocking your Trezor.
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At $215, the Trezor Model T is one of the most expensive hardware wallets. You could find plenty of alternatives for less than half the cost, and if you're open to digital wallets, most of those are free.
That being said, this is the top crypto wallet from one of the most respected manufacturers, and it's feature-packed. There are plenty of more budget-friendly options available if you'd like to spend less, but the Trezor Model T is an excellent choice if you want the best of the best.
No mobile support for iOS
The one glaring drawback of this Trezor wallet is that it only offers mobile support for Android devices. If you have an Apple device, you won't be able to connect it to this wallet.
Less convenient than digital wallets
Even though the Trezor Model T is easy to use, you still need to connect it and enter your PIN code to use it. It's faster to use a digital wallet that's available as an app or a browser extension. These use hot (online) storage, though, so you're sacrificing security compared to a hardware wallet.
If you want a hardware wallet that's less expensive: The Trezor Model One provides high-end security and costs $70. It doesn't have a touchscreen or as many features as the newer Model T, but it still allows you to safely store over 1,000 types of cryptocurrency.
If you want a wallet that can connect to Apple devices: The Ledger Nano X has Bluetooth and can connect to Android and Apple devices. It's the most advanced wallet offered by Ledger, another popular manufacturer known for quality products.
The Trezor Model T supports over 1,200 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), XRP (XRP), and Cardano (ADA). You can use it to store most of the market leaders, as well as plenty of crypto tokens with smaller market caps.
The only fee for the Trezor Model T is the purchase price, which is $215. Trezor doesn't charge any sort of wallet fee for transferring or storing digital assets.
It's worth mentioning that cryptocurrency transactions have gas fees, which are transaction fees paid to use the blockchain network. This fee isn't charged by Trezor. With a Trezor wallet, you have the option of choosing how much you're willing to pay in gas fees. Keep in mind that if you set this too low, it will slow down the processing time on your transaction.
The Trezor Model T is highly secure and is widely considered one of the safest ways to store cryptocurrency. As a hardware wallet, it keeps the private keys that protect your crypto in cold storage. Since cold storage is offline, it's safe from hackers and other cyberthreats.
When you set up a Trezor Model T, you create a PIN code that can be up to nine digits long. Accessing the wallet requires entering the PIN code, and the device automatically wipes itself after 16 incorrect attempts. Provided you keep your PIN code safe, the odds of anyone being able to use your Trezor wallet are practically zero.
Everything you enter on the Trezor Model T is done using the device itself. That means even if you connected it to a computer with a keylogger, you'd be safe.
- The two things you want most from a crypto wallet are security and ease of use.
- You're open to spending more in exchange for an advanced wallet that can last for years.