History of Trezor
Trezor is one of the oldest hardware wallets around. It was created and owned by SatoshiLabs, located in the Czech Republic. If you’ve had anything to do with cryptocurrencies (especially Bitcoins), you probably have heard about SatoshiLabs. It is considered a pioneer in the Bitcoin industry.
SatoshiLabs was officially incorporated in 2013 to develop the world’s first cryptocurrency wallet. The result was Trezor. You can use it to store not only Bitcoins but a wide range of altcoins and tokens. In 2014, SatoshiLabs shipped the first Trezor One devices around the world. The next-gen Model T was unveiled in 2016 and sold in 2018.
Pros And Cons Of Trezor
- Top-notch security
- A very well-known crypto wallet
- Holds a huge number of cryptocurrencies
- Constant firmware updates
- May seem costly to some
Trezor devices come with tight security measures such as PIN codes and passphrases, making it nearly impossible for hacking. Trezor devices are hugely popular and a massive hit among crypto enthusiasts — SatoshiLabs has sold over 1 million devices. Currently, there are two Trezor wallet models: Trezor One and the Trezor T.
Trezor One (Rating: 3.9)
Trezor One made its debut in 2014. It still remains one of the most popular wallets around.
Trezor Model T (Rating: 4.2)
On the other hand, the Model T, which launched in 2018, is the second generation model and contains most of the Trezor One features with a few improvements.
The Trezor Model T and Trezor One are both hardware wallets made by SatoshiLabs. Both devices are highly secured and operate an open-source system. While the Model T is a newer updated version, both wallets are highly secured and flexible and offer support for many crypto assets.
The Model T retails at roughly $169, which is more than double the retail price of Trezor One at $59. The significant price difference is due to the various advantages Trezor Model T has over the Trezor One. Some of these advantages are:
- The Model T supports more cryptocurrencies including Monero and Cardano.
- It incorporates new hardware features such as an SD card slot.
- The Model T comes with a new RGB color touch screen.
- Shamir backup, an advanced distributed seed is only available for the Model T.
- The Model T is the only FIDO2 authenticator with a touchscreen.
Security And Support
Trezor has the highest level of security of any device ever created to store cryptocurrency, and the highlight of this is the PIN system. Because the numbers come up in a different order every time, nobody can use keylogger software to be able to track the actual pin you use.
This is an incredible advantage. The USB also will not allow any software to track the device itself. Because the device is only plugged into the computer when you are using it, it’s honestly as secure as you can get. Our Trezor wallet reviewers were seriously impressed by how great the security on the device is.
When it comes to customer service Trezor is a bit behind the times. They have a long blog article that essentially says, “Look at your manual.” Then they explain how you can contact them, but advise you to use “short phrases.” This implies that they are scanning to find you an answer they can cut and paste to you. Our Trezor wallet review deducts a few points for that. Customer service should be a bit more friendly. That said if what you are looking for is security the Trezor wallet has that in spades and won’t let you down.
Trezor Wallet Compatibilities
The wallet can be used with Windows, Mac OS, Linux, Android, iOS, as well as through Chrome and Firefox browser extensions. Trezor’s wallet interface can be downloaded for desktop and mobile devices at wallet.trezor.io.