Product Expert Review Trezor One Hardware Wallet
The Trezor Model One, launched in 2014, is the ultimate OG in the crypto hardware wallet space. The Trezor One is a dependable hardware wallet that provides best-in-class security for crypto storage at a fair price.
- Highly portable
- Limited USB access
- Supports over 1,000 coins and ERC-20 tokens
- Exchange currencies within the wallet
- More secure than a software wallet
- Recovery seed for lost wallets
- Does not support iOS
Trezor ONE introduction
Trezor One (or previously simply Trezor) is the first model of Trezor device line and simultaneously the first hardware wallet in the world that was released on July 29, 2014. It offers unmatched security for cryptocurrencies, password management, second-factor authentication, while maintaining an absolute ease of use, whether you are a security expert or a brand new user.
The TREZOR One is a battle tested hardware wallet that supports a wide variety of cryptocurrencies at an affordable price. The company behind it (Satoshi Labs) is considered a pioneer in the Bitcoin industry. Additional security measures such as PIN codes and passphrases make this hardware wallet as close to “hack proof” as you can get.
Full control in your hands
Trezor is a small single-purpose computer. It is designed to protect your private keys from possible online and offline risks. To do this, Trezor keeps the private keys away from the Internet and confirms the transactions in-device. That way, you can always check the screen for the right address, amount and transaction fee before sending your bitcoins.
In layman’s terms, you can connect Trezor to an infected computer and still be able to have 100% control over the funds in your device.
One of the Best Wallets Around
Trezor One is an advanced and reliable hardware wallet, designed to keep your Cryptocurrencies safe & secure. It supports over 1800 different cryptocurrencies, including Bitcoin, Litecoin and Ethereum. The Trezor wallet has several cryptographic encryptions to keep your coins safe from malware, viruses and hackers.
The most important function of this amazing hardware wallet is to store, sent and receive your cryptocurrencies in a safe & reliable way. However, the device can also be used for:
- 2 factor authentication for several services, like Dropbox en Gmail.
- Very secure password-manager
- Full support for ERC-20 tokens.
Recovery seed. Offline.
Your entire wallet is always accessible via your personal 12 to 24 words long recovery seed. you can do it anytime you want .
Unique for you.
When you first set up your Trezor, it will generate the seed for you. When you need to restore access to your wallet, use this offline backup.
The recovery seed follows a standard created by us at SatoshiLabs, but it is widely used, compatible with many wallet apps.
Top perks of Trezor ONE
your coins are kept off the internet so hackers cannot get to them. Cold storage is safer than hot storage, as access to your coins is impossible via the internet. your crypto is as safe as it can be when entrusted to the care of a Trezor device. With the Trezor One, your coins will be much safer than they would be with your average software wallet.
Trezor One uses limited USB access to ensure safety with other devices. When the Trezor connects to another device, it only gives permission to send and receive cryptocurrency transactions. This means that it can connect to malware-infected devices without risking your coins. This wallet provides great security for your coins, and ensures that even if the device is lost, your coins won’t be.
Recovery seed for lost or destroyed wallets
One of the fail safes Trezor offers when you use its hardware wallets is a method of recovery for lost or destroyed wallets. Trezor provides you with a recovery seed when setting up your device. If you lose your device, your recovery seed can be used to get your coins back.
Exchange currencies in the wallet
it allows users to exchange their coins for others, right within the Trezor app. This wallet does not force users to choose between flexibility and security. Trezor allows users to keep their coins in cold storage, while diversifying their portfolios with Trezor’s exchange. New investors can make trades without having to give their information to an exchange or transfer their funds from wallet to wallet.
Is Trezor One Safe?
Your private keys are stored and isolated inside the device, keeping them offline. A PIN code is required to access the hardware wallet, and all transactions must be confirmed by pressing the physical buttons on the wallet which are connected to a device via USB cable.
An extra security feature is that you can create a separate account protected by a passphrase. You can store whatever assets you wish here, so if your PIN is compromised, whatever is stored in this separate account cannot be accessed. This makes it harder for your assets to be compromised if lost or stolen.
Finally, this product uses a 24-word recovery seed phrase. There is also the option to use a 12-word recovery phrase.
In addition, Trezor allows compatibility with Universal 2nd Factor (U2F).
Which cryptocurrencies does Trezor One support?
The product supports over 1,000 different types of cryptocurrencies, including Bitcoin, Ethereum, Tether, and more. However, the device’s offering is missing a few essential coins. If you are looking to store Ripple, Cardano, or Monero, you will need to invest in another hardware wallet.
for more information about supported coins please visit : https://trezor.io/coins/
CoolWallet S incradible view
What is inside the box ?
Thw package is protected by two silver seals on both sides and is wrapped in a thin plastic foil. The package is carefully sealed with a strong glue, which makes it impossible to open the package without tearing it apart. It contains the following:
- Trezor One device
- USB cable (type B)
- Getting started card (package)
- Recovery seed card (24 words) 2x
- Sticker 4x
TREZOR provides top-notch security for bitcoin (BTC), protecting against both physical and virtual theft.
TREZOR is an HD wallet where you control the private keys, so an entire wallet can be backed up with the 24 words generated on setup. The original 24-word seed is generated using RNG from the device and the computer. The seed is generated offline and displayed on the TREZOR’s screen, which ensures that the seed is never on an internet-connected device.
A PIN code is required on setup, and required for spending.
After each incorrect guess the wait between guesses is raised by a power of two. Making 30 guesses would take 17 years.
You can add a passphrase to the 24-word seed as an extra security feature, which acts as a 25th word. You must remember the passphrase because the seed without the passphrase is not enough to recover the wallet. A passphrase offers more security, but if forgotten the wallet cannot be recovered.
You can recover the entire wallet with the 24-word seed and passphrase if used, in the event that your TREZOR is lost or damaged. Recovery can be done with another TREZOR or with other wallets, like Electrum or Mycelium.
TREZOR’s screen allows you to confirm that you’re sending to the intended recipient, but this does not prevent against phishing attacks.
Best Features of Trezor ONE
The best features of the Trezor One cryptocurrency hardware wallet are that it is extremely secure and Trezor provides detailed step-by-step support for setup, purchase, and exchange of assets.
Many Trezor One reviews also highlight the affordability of the wallet. At around half the cost of the Ledger Nano X, and even cheaper than the Nano S, the Trezor One offers the same level of security. It’s also significantly cheaper than Trezor’s other wallet — the Trezor Model T.
this product also allows users to purchase crypto directly through the Trezor Wallet app using fiat. These purchased assets can be traded on there too. With this setup, you are able to safely store your crypto assets right away.
It’s also worth pointing out SatoshiLabs, the inventors of the Trezor wallet, are constantly innovating and developing different cryptocurrency-based projects. Over the years SatoshiLabs have helped a variety of different crypto companies shore up their security including some open-source projects. They are a huge boon for the crypto industry overall.
Trusted by Over 300,000 Customers Worldwide.
(if not all) start working on TREZOR compatibility. This is a very solid device
in my opinion, and considering they are working on it continually, it can only
get better. I hope they can stay ahead of the hackers…
7 Reasons why Trezor’s Wallets Are Fantastic
1. Trezors Are All Cold Wallets
Most crypto wallets you’ll find in the market are software-based. It removes the need for service providers to manufacture and hold inventory. That means less capital expenditure and risk on their part.
For users, hardware wallets offer a degree of security that isn’t in the same league as software wallets. Unless you somehow hook a hardware wallet up to a connected source, it’s not going to get hacked.
2. Trezor Wallets Are Ultra-Portable
Trezor devices are tiny and will easily fit into the palm of your hand. The lightweight construction doesn’t seem exceptionally durable, but it’ll ensure portability no matter how you carry it.
The smaller model is a mere 60mm x 30mm x 6mm (2.4in x 1.2in x 0.2in) and weighs a mere 12 g (0.42 oz). The Model T is larger at 64 mm x 39 mm x 10 mm (2.52 in x 1.54 in x 0.39 in) and ups the weight to 22 g (0.77 oz).
3. Security On Any Trezor Is Airtight
Aside from them being hardware wallets, Trezor puts a tremendous focus on the security of their wallet. It starts with the Trezor Core, a custom-designed operating system (OS) that runs on their devices.
That’s only the beginning, though. Security on Trezors is so comprehensive that the following offers just a taste of what they do to help protect your crypto;
1. Trezor Trusted Display
The Trezor Trusted Display is hard-baked to show only the exact details of ongoing transactions. If your PC or phone is somehow compromised, you’ll be able to tell by the mismatching information. That gives you enough time to cancel any transactions.
2. On-device security
On-device security is an essential element for protecting your private key as well. No matter what you’re doing, confirmation via a PIN on your Trezor will be mandatory. Unless you lose both the Trezor and your PIN, that’s not likely going to happen.
Trezors support various high cryptography standards that help increase the security of your transactions. For example, their BIP-39 passphrase adds extra length to seeds, further increasing resilience.
It’s configurable enough to add high complexity, so even some missing words aren’t enough to compromise security. At the same time, you can split and the seeds on multiple devices to make things even more difficult to compromise.
4.Trezors protect themselves
One common way that hackers attempt security breaches is by infiltrating devices. For example, they might access a device and overwrite or modify specific code such as the OS or firmware.
Trezors safeguard against this with firmware signature verification. Only signed firmware will run, and tampering will display warning messages. At the same time, nobody can replace Trezor bootloaders as they’re write-only.
4. Increase Anonymity By Routing Through Tor
Trezor offers communications that can be routed via the Tor network, potentially increasing the anonymity of your transactions. This capability requires special server configurations on their infrastructure, but to us, it just takes the toggle of a switch in the Trezor Suite.
Aside from enabling Tor communication, you can also set a unique IP address and port number. In addition, you can also opt to open the .onion version of any Trezor links.
5. Trezors Are Easy To Use With A Smooth Onboarding Process
when you receive the package and in original sealed packaging. Inside, there is the device, some accessories, and tiny documentation slips. You can junk the documentation and simply head to https://suite.trezor.io/start/.
From there, download the Trezor Suite and install it. The suite will guide you through the entire setup process. It’s fast and painless, even for the greenest of newbies. The process will take you just a few minutes.
6. Over 1,800 Crypto Types Supported
Trezor supports over 1,800 types of crypto, from the mainstream to the obscure. if you want to check if your crypto of choice is supported, simply head to the list of crypto supported on the Trezor website.
Do note, though, that this number refers to the cryptos supported. At any time, your Trezor only allows you to handle ten crypto accounts of your choice. you can use it for Bitcoin, ETH, and Dogecoin. It’s a limitation enforced by Trezor to keep their server loads more manageable.
Aside from the main crypto list, you can also handle several testnet coins on your Trezor. These aren’t “real” crypto but are useful for testing.
7. Trezor Displays Are Surprisingly Readable
When you first glance at the Trezor wallets, you might be a little concerned about the seemingly tiny displays. The Trezor One has an OLED display of only 128×64 pixels but its well made .
When you connect it , you will be pretty impressed with the quality and legibility of the text. The Trezor One offers slightly fuzzier text, but it is undoubtedly readable. you might also be impressed with the inclusion of touchscreen technology.
Conclusion – Is the TREZOR One worth it?
the experience with it is extremely pleasant. The setup is easy, the device is intuitive and the security measures seem pretty robust.
The Model One has an obsolete port, the Trezor Suite doesn’t display NFTs, and it doesn’t support XRP, Cardano, Binance Smart Chain, and a slew of other popular crypto networks. It’s not compatible with iOS nor Chrome OS.
The Ledger Nano series may have an edge over the Trezor line due to its stellar Ledger Live app, but the 2020 hack doesn’t sit well with many crypto investors. the Trezor Model One is ideal for investors who prefer to trade blue-chip cryptocurrencies (e.g., Ethereum and Bitcoin) — established digital assets that will likely stand the test of time.