Trezor Wallet Review: Industry Leader In Cold Wallet Technology

Crypto wallets can take many shapes and sizes. Some of them exist purely on the ether, while others take the form of a physical device that you can take with you. Today, we take a look at one of the best cold wallet manufacturers, and analyze all the pros and cons of having a hardware wallet.

If you’re considering starting your crypto journey, our Trezor Wallet review is an article for you!

Part of SatoshiLabs Group

Trezor Company s.r.o. is the firm that has developed the product we’re reviewing today. The business is based in Prague, Czech Republic, and is owned by the SatoshiLabs Group as the umbrella company. The group was formed in 2013 and to this day remains one of the leaders in the crypto industry when it comes to both software and hardware solutions.

The original reason why the company was established was to create a secure solution for storing cryptocurrency. Such an idea was based on the concept of isolating private keys in separate environments to create prototypes. 

However, it needed several years of hard work before the widespread adoption of their most popular product happened. The first Trezor model was launched in 2016. 

Products: Trezor Wallet Hardware Wallet

Trezor is not just a hardware wallet. It offers a secure storing and managing of digital assets through hardware wallet with an addition of a proprietary app and backup solutions. 

Three major products are currently available for purchase:

• Model T – Coin security with a touchscreen – €179
• Safe 3 – Passphrase & secure element protected – €79
• Model One – The original hardware wallet – €59
• Keep Metal 12-word recovery seed – Additional security layer – €99

All devices have pin and passphrase enabled to protect the Trezor Wallet crypto assets from the real world threats. Additional layer of protection is ensured on Tresor Safe 3 which supports the Secure Element protected Certified Chip EAL6+. 

Privacy is increased with coin control, coinjoin and identity protection is enabled thanks to Tor network. Except Tresor Model One which only supports standard backup, the other two solutions also include Shamir backup that allows users to form multiple unique recovery shares to backup private keys. 

Trezor Wallet fees are not charged by the developer, but depending on the crypto provider and payment to miners, fees may apply during transactions.

Pros and Cons of Using Trezor

The major benefit of cold over hot wallets, experts argue, is that the users have complete custody over their cryptos. Cold wallets rely on tailor-made hardware solutions that usually take the form of a miniature electronic device.

This does come with a few drawbacks, especially for traders that wish to execute rapid transactions in a short span of time. Not all crypto exchanges are compatible with all hardware wallets either.

Trezor Wallet cold storage won’t allow anybody but you to access your assets. The trouble is – you can misplace the entire wallet, and lose it for good.

A cold wallet is not completely hacker-proof, however. Kraken has identified what they consider to be a critical flaw in the hardware, which may be exploited by an experienced electronics expert.

The possibility of tampering with circuitry exemplifies the need to keep your wallet off limits to third parties.

Trezor Suite: Trezor Wallet app

As a coin management solution, the company offers Trezor Suite to help users send and receive coins, and keep an eye on their portfolio as well as directly purchase daily essentials. The connection between the wallet and the app is rock solid: every transaction has to be confirmed on the wallet before being processed by the app.

The setup of the software takes no more than several minutes and can be used to even create multiple wallets, establish private storage and go incognito with the help of coinjoin. 

Clients can use their Trezor login to utilize the app and compare prices and find best market deals, far better than what false portals like ForexCT provide. The software is available for free download on App Store and Google Play. 

Supported Coins & Tokens

All three models support the majority of the most popular coins today. Whether coin you’re interested in, you can check out the availability on the up-to-date list. 

A grand total of 9.000 tokens are supported, including BTC, ETH, USDT, BNB, USDC, XRP, ADA, DOGE, STETH, MATIC, SOL, LTC, and others.

Achieving Legendary Status

No company has ever become an industry giant without its fair share of advertising. The internet is the main implement that makes cryptocurrencies work, and many crypto-related services use it to advertise.

Trezor Wallet website is no different, and the majority of their clients have heard about the service either through their exchange or via social networks. The firm hosts profiles on Facebook, Instagram, X, YouTube, Reddit and LinkedIn.

It is prominently featured on Forbes, CoinDesk and Investopedia, and widely regarded as one of the best wallets in the biz. 

Not Without Its Critics

While the majority of clients are satisfied by their purchase, judging by the overwhelmingly good product ratings on Amazon, there are still those who are critical of the company. The firm does not enjoy a stellar reputation on TrustPilot or Reviews.io, something that is reminiscent of CharterPrime.

The majority of these negative Trezor Wallet reviews complain about the setup process being too difficult to understand. A small percentage of clients claim a hardware failure which led to asset loss.

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