Trezor Model One | The Original Crypto Hardware Wallet (2024)

FAQs

Is Trezor Model One good enough? ›

The level of security that the Trezor One provides along with a very user-friendly and convenient interface makes the Trezor One suitable for both new and experienced crypto users looking for a seamless and simple way to store, manage, buy, sell, and exchange assets.

Even if you enter the PIN on the computer directly, you're perfectly safe. The Trezor PIN mechanism is protected against key-loggers, so using it even in internet cafes means no risk for you. PIN is a number that you set when you first initialize your Trezor device.

The Trezor Model T features upgrade means the Model T comes with a heftier price tag, and it's quite a hike from the $69 you'll expect to pay for a Trezor One. The Model T is yours for $219, which means you'll be paying over three times as much for that touchscreen, beefier processor and improved coin support.

What are the disadvantages of Trezor? Some users have criticized Trezor for being slow to add new cryptocurrencies and requiring third-party integrations for staking and NFT management.

Ledger: Currencies. When it comes to supported cryptocurrencies, Ledger outpaces Trezor, with Ledger supporting over 5,500 cryptocurrencies compared to Trezor's 1,289 or 1,456 depending on the model.

Trezor Safe 5 is designed to be the ultimate hardware wallet for bitcoin users who prioritize both security and user-friendliness. With its vibrant color touchscreen and tactile feedback features from the Trezor Touch haptic engine, it offers an intuitive experience that's easy to navigate.

What assets can I store on my Trezor? Trezor Suite natively supports 16 cryptocurrencies for the Trezor Model T, 13 for the Trezor Model One, 11 for the Trezor Safe 3, alongside all ERC20 tokens (all Trezor models) and all SPL tokens (Model T and Safe 3).

Account limits in Trezor Suite

In Trezor Suite users can create 10 accounts (of each type available) per cryptocurrency.

It might be possible for a malicious third party to steal your Trezor and replace it with a fake one. If embedded with a wireless transmitter, the fake device could transmit any PIN it received. The attacker would then have full access to your funds.

Why is Trezor so expensive? ›

To avoid sacrificing product quality or risking customer security with chips bought from untrusted vendors, the price of both hardware wallet models will need to be increased yet again. From today, the cost of Trezor hardware wallets will be increasing to ensure their continued availability for as long as possible.

If your Trezor was lost or stolen, you will need your Trezor's secret recovery phrase to restore and move the funds to a new secure wallet.

The first generation of Trezor, the Trezor Model One, was first released on 29th July 2014.

Native support of Bitcoin, Ethereum (and all ERC-20 tokens), Cardano, Litecoin, Ethereum Classic, XRP, Dogecoin, plus some other coins means that you will be able to add, receive and send them directly in the Trezor Suite application for desktop or web.

The Model One focuses on a more hands-on approach to crypto security with its OLED display and intuitive button interface. Trezor Safe 3 prioritizes security with its Secure Element chip and offers easy usability with a color touchscreen and two-button input.

In practice, it is highly unlikely that an attacker could guess or brute-force a 12-word recovery seed with 128 bits of entropy in a feasible amount of time. Thus, a 12-word seed offers a high level of security that is sufficient for most users, striking a balance between security and ease of use.

Native support of Bitcoin, Ethereum (and all ERC-20 tokens), Cardano, Litecoin, Ethereum Classic, XRP, Dogecoin, plus some other coins means that you will be able to add, receive and send them directly in the Trezor Suite application for desktop or web.

Apart from the cost, there is little downside to the Trezor Model T, as it is extremely secure, and offers users the ability to purchase and exchange assets within their app. Users who want a wallet compatible with iOS will also need to explore other options.