Trezor Model T Review 2024: Is it Safe and Trusted Wallet?

Trezor has been the most legitimate, and oldest, cryptocurrency wallet.

You know how unsafe it is to store cryptocurrencies like Bitcoin and Ethereum in software wallets, right? We need a safe place to stash our digital treasures, and that’s where the Trezor Model T comes into play!

Now, you might wonder, “Why can’t I just keep my coins on my computer or phone?” Good question! While it’s convenient, they can be vulnerable to phishing attacks. The Trezor T is a cryptocurrency hardware wallet that uses secure encryptions and keeps digital assets offline.

In this Trezor Model T review, we’ll dive deep into the amazing features. From its top-notch security to its convenience, you’ll discover why it’s the perfect companion for every budding crypto explorer.

Trezor Model T Hardware Wallet Review: At a Glance

Trezor Model T
  • Supported Coins: 1456+
  • Security: Shamir backup, ARM Cortex-M4 embedded-arm processor
  • Price: $219
  • Connectivity: USB-C
  • Mobile App: Yes (Trezor suite)
  • NFT Storage: Yes (3rd party wallet integration)

So, what is Trezor Model T? Well, it is the best crypto hardware wallet that keeps your crypto assets, passwords, tokens, and keys safe and secure. It has a touchscreen display and an ARM Cortex-M4 embedded-arm processor @ 168Mhz processor.

It also has some cool features like coinjoin, Shamir Backup, and passphrase protection. You can also buy, sell, and swap coins with confidence. You can also store your credentials in the Trezor password manager.

The Model T is a cold storage wallet, which means it does not connect to the internet. This makes it immune to hackers and malware. If you ever lose your device, you can easily restore your wallet with a 12-word recovery phrase. The wallet is also an open-source and transparent device.

You can also use it as a secure login and a digital ID for various online platforms. The Trezor T works with the Trezor suite app, which you can download on Windows, macOS, and Linux.


Pros

  1. Open-source firmware for security audits
  2. Highly secure and industry established
  3. Touchscreen display for better user experience
  4. Built-in token swap in Trezor Suite app

Cons

  • Mobile App is not fully developed
  • Does not support all popular Altcoins
  • Expensive compared to other crypto wallets

Trezor T Design and Build Quality Review

The Trezor Model T has a 1.5-inch color LCD touchscreen display and a USB-C port. It is made of strong plastic and comes with a magnetic dock that you can stick to any place.

The Trezor T is not very big or heavy. It measures 64 mm x 39 mm x 10 mm (2.52 in x 1.54 in x 0.39 in) and weighs 22 g (0.77 oz).


Trezor Model T Security Review

The Trezor Model T has a STM32F427VIT6 microcontroller that runs the Trezor Core firmware. The microcontroller is the brain of the device and handles the communication, encryption, and user interface.

It also works with the secure chip that keeps the private keys and does cryptographic operations. The microcontroller and the secure chip are connected by an SPI bus that is secured by a custom protocol.

Trezor security
  1. PIN and Passphrase: The Trezor Model T asks you to enter a PIN code on its screen every time you use it. This stops anyone from accessing your wallet if they take or find your device. You can also add a passphrase, which is an extra security layer that locks your seed phrase with a word or phrase that you choose. This means that even if someone knows your PIN, they still can’t get your coins without knowing your passphrase.
  2. Recovery Seed: It gives you a 12-word private key when you set it up for the first time. This seed is the master key to your wallet and lets you restore your coins on any other device if you lose or break them. You should write down your seed on paper and keep it somewhere safe. Never share your seed with anyone or type it on any website.
  3. Shamir Backup: The Trezor T also has a feature called Shamir Backup, which lets you split your recovery seed into several parts called shares. You can make up to 16 shares and give them to trusted people or places. To get back your wallet, you only need a certain number of shares you decide when you make the backup. This way, you can prevent your seed from being lost or stolen by one person.
  4. U2F Authentication: The wallet also supports U2F authentication, which improves the security of your online accounts like email, social media, cloud storage, etc.
  5. Open Source: It is based on open-source software and hardware, which means that anyone can check and verify its code and design. This makes sure that the developers and users of the device are honest and accountable. It also allows for feedback and improvement from the community over time.

Trezor Model T Supported Coins Review

Trezor T supported coins

Trezor Model T is the popular Bitcoin cold wallet but also supports many altcoins. It supports more than 7196 coins and tokens, including Bitcoin, Ethereum, Dogecoin, various stablecoins, and many more. But it fully supports only 1456 crypto assets with buy, sell, and swap functionality. Check the full list of supported assets here.

The device also supports in-wallet exchanges that let you buy crypto with fiat currencies or swap from one crypto to another, all from within Trezor suite app.


Trezor Model T Price

The Trezor Model T costs $219 if you buy it from Trezor’s official website. This is more than some other popular hardware wallets in the market, such as Ledger Nano X ($149), Ellipal Titan ($119), and SecuX V20 ($139).


Trezor Model T vs Model One

FeatureTrezor Model TTrezor Model One
Dimensions64 x 39 x 10mm60 x 30 x 6mm
ProcessorARM Cortex-M3 (120Hz)ARM Cortex-M4 (168 Hz)
Price$219$69
InterfaceTouchscreen, 1.54” Color LCDTwo-button pad, Clickable
ConnectionUSB-C includedUSB-A included
Supported Coins1456 Coins & Tokens, Unlimited hidden wallets1289 Coins & Tokens, hidden wallet feature
Control– Send & receive with no Trezor fees
– Buy, sell & swap
– Anonymize transactions with coinjoin
– Send & receive with no Trezor fees
– Buy, sell & swap
Trezor Native AppsTrezor Suite for desktop (Apple, Windows, Linux)Trezor Suite for desktop (Apple, Windows, Linux), Android & iOS apps, Browser app
Security– PIN & passphrase entry directly on touchscreen
– Advanced Shamir Backup, Standard seed Backup
– FIDO2 & U2F authentication standards
– Standard seed Backup
– U2F only
CertificateCE and RoHS certifiedCE and RoHS certified
Open SourceYesYes

Read full comparison between Trezor Model T and Model One.

How to Set up Trezor Model T?

Trezor Set up
  1. Plug the Trezor Model T into your computer with a USB cable.
  2. Go to trezor.io/start on your web browser. You need Chrome or Mozilla Firefox to use Trezor Suite.
  3. Pick the Trezor Model T as your device.
  4. Download and install the Trezor bridge and refresh the page.
  5. Follow the instructions on the device screen to finish the setup process.
  6. You will need to make a backup of your recovery seed, which is a list of 12 or 24 words that can restore your wallet if you lose or damage it.
  7. You will also need to make a PIN code, which is a number from 4 to 9 digits that protects your device from unwanted access.
  8. You can also turn on more features like passphrase protection, hidden wallets, or device labels.

How to use Trezor Model T?

Use Trezor
  1. To use Trezor hardware wallet, you can access your coins and funds through the Trezor Suite application.
  2. You can also use Trezor T with other apps and services, such as Exodus and MetaMask.
  3. To send or receive crypto, you need to connect your device and confirm the transactions on the touchscreen. You can also see your balances, transaction history, and portfolio in Trezor Suite.
  4. To update your device firmware, you need to connect your device and follow the instructions in Trezor Suite. Updating your firmware makes sure that your device has the latest security and functionality improvements.

How to reset Trezor Model T?

To reset your Trezor Model T hardware wallet:

  1. Connect your device to your computer.
  2. Swipe across the touchscreen until you see “Bootloader” and “Firmware version”.
  3. Press the checkmark button.
  4. Go back to the web interface and click “Reset Device”.
  5. Confirm on the device’s touchscreen.
  6. Follow the instructions on the screen.
  7. After resetting, install the latest firmware version.

Alternatives to Trezor Model T

The most popular alternatives to Trezor Model T are Ledger Nano X, and ELLIPAL Titan. Here is the comparison between them:

KeywordTrezor Model TLedger Nano XELLIPAL Titan 2.0
Price$ 219$ 149$ 169
SecurityMCU, and Shamir backupDual chip with secure elementCertified CC EAL5+, anti-temper and anti-dessambly
CompatibilityOver 1456+ coins and many software walletsOver 500+ coins and many software walletsCertified CC EAL5+, anti-temper and anti-assembly
DisplayLCD touchscreen with 240 x 240 pixelsOLED screen with 128 x 64 pixels4 inch touch-screen display
BatteryNo batteryBuilt-in battery with 8 hours of useYes
ConnectivityUSB-C and microSD slotUSB Micro-B and BluetoothUSB-C

Related:

  1. Trezor Vs Coldcard Mk4
  2. Trezor Model T Vs Ledger Nano X
  3. Trezor Vs Keystone Pro
  4. Ledger Vs Trezor
  5. Ledger Vs BitBox02 Vs Trezor
  6. Trezor Model T Vs Ellipal Titan

Final Thoughts: Is Trezor T Worth it?

To sum up the Trezor Model T review, it is undeniably worth it for those seeking a secure and user-friendly hardware wallet for their cryptocurrencies.

Its robust security features, including PIN and passphrase protection, along with its offline storage capability, ensure protection against cyber threats. The device’s intuitive interface and compatibility with a wide range of cryptocurrencies make it suitable for both beginners and experienced users.

While it may come at a higher price point compared to other options, the added peace of mind and long-term protection it offers for your digital assets make it a prudent investment.

Trezor T Review: FAQs

Is Trezor Model T Safe and Legit?

Yes, Trezor Model T is a safe and legitimate wallet that keeps your crypto assets, passwords, and other digital keys secure from online threats. It is designed by Trezor, a company that has been in the industry since 2013 and has set the standards for recovery seeds and cold storage.

Can you hack a Trezor Model T Wallet?

Trezor Model T is one of the most trusted hardware wallets for your crypto assets. But it is not 100% hack-proof. There have been some cases where hackers managed to break into Trezor wallets.

To protect yourself from hacking, you should always follow the best security practices like using a strong passphrase and storing your recovery seed safely.

Should I get Trezor One or Model T?

Trezor T has a bigger touchscreen display, supports more crypto coins, and has more advanced security features like Shamir Backup.

Trezor Model One is cheaper and simpler. If you want more features and more coin support, then go for Trezor Model T. If you want a simple and affordable hardware wallet, then go for Trezor One.

What if Trezor is stolen?

If someone steals your Trezor wallet, you can still get your funds back if you have your recovery seed. You will need to buy a new Trezor wallet and restore your wallet using the recovery seed.

You should keep your recovery seed in a safe and secure place so that no one can access it. If you think that someone has seen your recovery seed, then you should move your funds to a new wallet as soon as possible.

Is buying Trezor from Amazon safe?

Yes, you can buy Trezor wallets from Amazon safely if you buy them from the official Trezor store or an authorized reseller. You should avoid buying from third-party sellers as they may sell fake products or tamper with the device before sending it to you.

It is better to buy directly from the official Trezor store or an authorized reseller to make sure that you get a genuine product.

What happens if Trezor shuts down?

If Trezor hardware wallet shuts down, you will still have access to your crypto assets and private keys. This is because of the BIP-39 standard, which lets you back up your wallets with a 24-word recovery phrase.

You can easily open a new wallet that uses the BIP-39 protocol and use your 24-word recovery phrase to access your funds.

Can you withdraw from Trezor?

Yes, you can withdraw crypto coins from your Trezor wallet by connecting it to a compatible software wallet (or Trezor suite) or crypto exchange platform and following the instructions provided by the platform.

Amit Chahar

Amit Chahar

Hey! I am Amit Chahar, a Crypto and blockchain content creator at Wallet Reviewer. With 3+ years of experience as a SEO content writer, I love talking about blockchain technology, digital assets, DeFi, Smart Contracts, DApps, Digital Wallets, Metaverse, and NFTs.

Want to hire me? Contact: hello@walletreviewer.com

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