Hardware Wallets are a form of cold offline storage for your cryptocurrencies. There are a lot of hardware wallets out there, and they’re supposed to be the most secure form of keeping your cryptocurrencies for a number of reasons. The main reason for their advanced security is the fact that they’re offline. As such, no malware or hackers can get to them. Furthermore, even if you hold transactions with them and send cryptocurrencies to computer with malware, it will still be safe.
Trezor isn’t just one of the most popular hardware wallets out there, but also the oldest. While being one of the first hardware wallets makes it highly reputable and trustworthy, it also means it doesn’t have the kind of sophisticated design or features that you’d find in Ledger Nano S.
It comes in the form of a small device which you can connect to the USB port in your computer. It also has a little screen in which you can see details of your transactions and approve of them by pressing the two buttons on the device.
You can BUY TREZOR for just €89.
However, before you do that, you can read on to learn more about it!
PART 1: Trezor Review – Key Features, Price, and Comparison
- Supports Multiple Currencies: In addition to the main cryptocurrencies such as Bitcoin, Ethereum and Zcash, Trezor also supports various other cryptocurrencies.
- Two Factor Authentication: As an added security measure, you can set up a 2-factor authentication system. As such, you can only access the wallet after confirming with another device.
- Recovery Password: You can set up a recovery password you can use to restore all your information in case it gets lost.
- Native Wallet Integration: This is a recent feature that has been started. So far it’s only used along with Bitstamp, but it allows you to deposit and withdraw funds directly without even opening the Trezor wallet.
- Open Source: It’s an open source tool. As such, not only can you see the coding that goes behind it, but you can also modify it. This means that Trezor is constantly evolving and there’s no risk of malicious coding being embedded into it, making it completely transparent.
- User-Friendly Interface: The Trezor UI is highly intuitive and you can easily send and receive coins to addresses with the click of a few buttons. You can also convert your cryptocurrencies into other currencies easily.
If you want to learn how to use Trezor, you can watch the following video:
You can BUY TREZOR right now so that all your altcoins remain safe.
The only true comparison for Trezor is the Ledger Nano S, and both of them are similar in their functionality and features. Ledger Nano S has a more streamlined aesthetic and it can hold more cryptocurrencies than Trezor. Furthermore, Trezor is slightly more expensive than Ledger.
Some people complain that both Trezor and Ledger Nano S have small screens that make it hard for you to check the transaction information. To rectify that, you can also use KeepKey, another great hardware wallet which comes with a larger and clearer screen.
|Wallet||Review||Type||Security||Ease of Use||Check Website|
|Ledger Nano S||Ledger Nano S Review||Hardware Wallet||Great||Difficult||Check|
|Trezor||Trezor Review||Hardware Wallet||Great||Average||Check|
|KeepKey||KeepKey Review||Hardware Wallet||Okay||Easy||Check|
|blockchain.info||Blockchain.info Review||Online Wallet||Okay||Okay||Check|
|Coinomi||Coinomi Review||Online Wallet||Good||Easy||Check|
|Xapo||Xapo Review||Online Wallet||Good||Average||Check|
|Exodus||Exodus Review||Online Wallet||Okay||Easy||Check|
|Jaxx||Jaxx Review||Online Wallet||Good||Average||Check|
PART 2: How Secure is Trezor?
When it comes to security, Trezor is undefeated.
You can only access the device after you enter the 6-digit PIN. However, this too is tricky. You can’t enter the PIN into the computer directly. You get shown 9 random numbers in your wallet’s screen. You have to look at their positions and enter your PIN into the computer based on those number’s positions.
Secure Private Key
The Private Key is inside the wallet device. As such, even if someone steals your device, they can’t access it without the key. As such, they’ll either need to also know the PIN, or they’ll need to know the recovery phrase.
This is an optional security feature. You can set up two-factor authentication so that in addition to the PIN you also need to confirm the access through another means which you have set up.
You can also set up a password you can use to restore access to your wallet in case you lose the device.
Trezor Review Conclusion
Trezor is one of the best hardware wallets in the market. It’s the most secure means of storing a wide range of cryptocurrencies and the device is also small enough to fit into your pocket. However, the display is quite small so if you’re looking for a larger and clearer display, you should check out KeepKey.
If you’ve already used Trezor, please comment down below and let us know what your experience was like!
Trezor is one of the best hardware wallets in the market. However, the device is designed in a clunky style with a weak display screen.
- Ideal for security.
- Great user interface in the online software.
- Accepts a wide range of cryptocurrencies.
- Clunky design.
- Small display screen.