In the world of cryptocurrencies, securing assets holds immense, if not crucial, importance. The most reliable storage for digital money is considered to be hardware wallets. One of the most famous and popular among them is Trezor. The first model was released ten years ago, in 2024, and since then, the brand has proven its reliability and secured a leading position in this field.
What Is the Trezor Crypto Wallet?
Trezor is the first hardware crypto wallet that entered the market in 2014. It allows users to store, send, and receive various tokens and integrates with popular exchanges to manage their digital assets while ensuring a high level of security. Currently, the lineup includes several main models – the first Trezor One and the newer, more advanced models: Model T, Safe 3, and Safe 5. They differ in price and functionality.
All models support a wide range of cryptocurrencies and asset management applications. Trezor cold wallets use a traditional seed phrase of 12, 18, or 24 simple English words. This phrase provides full access to the wallet. There are also additional security solutions, such as Shamir Backup, which allows you to set multiple recovery phrases and specify how many are needed to access the wallet.
In parallel, Trezor uses a passphrase that will protect the wallet if someone even learns the seed phrase. Additionally, you can set a 9-digit PIN. If entered incorrectly 15 times, all device data will be erased. The device case is sealed with ultrasonic welding.
How Does Trezor Work?
Using cryptocurrency wallets is simple. Once you unpack the device, connect it to a computer or smartphone and install the app. Then, following the prompts, make the necessary settings – set up the seed phrase, PIN, etc. All cryptocurrency operations are performed through the app, and any actions are confirmed using the hardware wallet.
Advantages and Disadvantages of Trezor Wallets
Most Trezor wallet users choose them when maximum security is required for their funds. The main advantages include:
- Maximum Protection Guarantee: Access keys to coins are stored on the device, and unlike hot wallets, it doesn’t need constant internet connection, so you don’t have to fear exchange hacking or data leaks from technical failures.
- Anonymity: The hardware wallet contains no information about the owner.
- Multi-Currency Support: The wallet can store over 1,200 different coins and tokens.
- Functionality: Specialized software allows for various crypto operations – selling, buying, exchanging.
Are there any disadvantages? Of course, like any technical solution, they have a few imperfections:
- Physical Vulnerability: They are relatively fragile, so damage to the case or screen is common, requiring a new device purchase.
- Need To Store/Remember The Seed Phrase: If the user cannot reproduce it, they risk losing access to their savings forever.
- Fairly High Price For The Newest Models.
How Do Different Trezor Models Differ?
All Trezor models are convenient and will protect your assets, but if you visit the official store, you’ll notice significant price differences. This is due to each model’s functionality. Let’s take a closer look.
Trezor Model One
This is the first, simplest, and cheapest version. It supports more than 1,200 coins but is less convenient than more modern devices. The wallet is made of black or white plastic, has a hexagonal shape, and two buttons for control. There’s also a small 128×64 pixel OLED display to output six lines of text. Its dimensions are 60x30x6 mm, and it weighs 12g. The price of Trezor Model One at the time of writing is $49.
- The advantages include an affordable price, simple interface, security, and support for many tokens.
- The disadvantages are somewhat inconvenient controls, outdated interface, and the lack of a payment anonymizer like in newer models.
Trezor Safe 3
An improved version with a higher security level. Safe 3 is available in two variants: with support for all cryptocurrencies or only Bitcoin. The device comes in a compact case with four color options and customizable additional features. The screen is protected by tempered glass, shielding it from damage. Control is via two physical buttons. The device can be purchased for $79.
- Trezor Safe 3’s undeniable advantages include a security chip and additional Shamir backup.
- The drawbacks include no support for popular networks like Cosmos and Solana, and a slightly outdated design.
Trezor Safe 5
This is a modern device with Trezor’s proprietary cryptographic chip and a color touchscreen. It’s similar to Safe 3, also available in four colors, but offers wider functionality and enhanced security. Like Safe 3, it has a Bitcoin-only version. The firmware works “out of the box” and doesn’t require additional software installation for token support. The gadget also has an Android mobile app for smartphone management. The price is $169.
- Pros of Safe 5 – the most modern, secure, and functional Trezor device.
- The drawbacks include the lack of support for the Tron blockchain.
Trezor Model T
This model resembles Trezor Safe 5 but is simpler and cheaper. Its price is $129. The device offers the same features as Safe 5, allowing users to store the same set of tokens, perform any cryptocurrency operations, and manage their assets via the Android mobile app. However, it only comes in one color, has fewer security features, and is less convenient.
- Advantages – relatively low price for such functionality, high security level.
- The downsides are a rather bulky design compared to the newer model.
Trezor Safe 5 or Trezor Safe 3 – Which Is Better?
If you’re interested in two relatively new Trezor models – Safe 5 and Safe 3 – and don’t know which to choose, check out the video:
Conclusion
Trezor wallets are the oldest on the market and among the most secure. They support a wide range of currencies and guarantee the safety of your funds. Today, there are four models with different prices and functionalities. All are quite convenient and secure.
Frequently Asked Questions About Trezor Wallets
The main thing is to know your seed phrase. It will allow you to regain access to your savings using another device.
No, everything is done anonymously, without verification.
They are one of the most secure solutions available today.