Crypto market is expanding rapidly, and holders are always looking for the best alternatives to safely store their cryptocurrency.
Hardware wallets are one of the safest and most reliable storage options. The wallets let you store your digital assets and private keys in a physical, secure device. Hardware wallets keep your cryptos offline and therefore reduce the risk of a hack.
This article will review Trezor, one of the most popular hardware wallets.
SatoshiLabs designed and released Trezor T in 2018 and Trezor one in 2014. They both have many users and became the most popular hardware wallets within the crypto-community very quickly.
Their main benefits include enhanced security and usability. They also support a wide range of cryptos .
Trezor Model T, the updated and newer version of Trezor One. The Trezor One is more expensive, but offers more features.
Are these features really worth it? Compare these two hardware wallets to find out.
Comparison: Trezor One vs Trezor T
Trezor One and Trezor T are very similar in terms of security and transaction efficiency. However, Trezor T does offer additional features and a wider list of supported cryptos.
|Trezor One||Trezor T|
|Size||60 mm x 30 mm x 6 mm (2.4in x 1.2in x 0.2in)||64 mm x 39 mm x 10 mm (2.52 in x 1.54 in x 0.39 in)|
|Weight||12 g (0.42 oz)||22 g (0.77 oz)|
|Bluetooth||You can also find out more about the No.||You can also find out more about the No.|
|Display||Display monochrome + 2 buttons||Touchscreen Full Color|
|Connectivity||Micro USB connector||USB-C connector|
Both of these wallets have a plastic cover that protects them from damage from accidental drops.
Trezor One, on the other hand, is a smaller device. It measures 2.36 by 1.18 inches and weighs only 0.42 ounces. It has a monochrome screen with 128 by 64 pixels and two buttons below the display.
Trezor T has a slightly larger size and is heavier. It measures 2.52 by 1.54 inches, weighs 0.56oz and has dimensions of 2.52 x 1.54 inches. Developers improved the screen by adding an LCD touchscreen with 240×240 pixels. It also replaced the old USB Type A cable with a Type C cable.
There are three types of Trezor One wallets – white, black, and a Metallic aluminum (limited) edition. The price for the black and white model stands at $60.
Trezor T is only available in black matte. Price is $200.
It is best to buy Trezor wallets from their official website. Avoid buying them on eBay and other unofficial sources.
|Trezor One||Trezor T|
|1 Trezor Model One||1 Trezor Model T|
|1 Micro USB cable||One Magnetic Dock|
|Two recovery seeds cards||One USB-C cable|
|Trezor stickers||Paper Recovery Seed Card|
Trezor hardware wallets can be used on computers that run Windows 7+, Linux, and macOS 10.11+. Both of them are also compatible with Android devices and almost any browser since they are controlled through the Trezor Wallet web interface.
Trezor One has a display with 128×64 pixels OLED, which enhances its functionality.
Trezor T has the same functionality as Trezor One, but it comes with some additional features. Its main benefit is that the Trezor T has a touchscreen instead of the buttons. This makes it more intuitive for the user.
The main difference between these two devices is when it comes to supported coins.
Trezor supports over 1000 coins including Bitcoin Ethereum Litecoin and many more. Some of the more “recent” coins are not supported, including Cardano Monero and Litecoin. Its main disadvantage is the fact that it does not support recent ERC-20 coin.
Trezor T, on the other hand supports over 1800 cryptos including the latest ERC-20. It is therefore better for those who trade the newer cryptos.
Click here to see the complete list of cryptos supported by both and GitHub.
The Passphrase is one of the most unique features of Trezor wallets.
The passphrase is available on both devices. This 25th word seed must be typed in order to gain access to the account. The security of the hardware wallet is greatly increased.
Trezor T, however, uses the Advanced Passphrase function. The touch screen allows users to enter their custom passphrase directly on the device.
You can only use this feature on the Trezor T device if your web application is compromised.
Wallet UI (Trezor Suite)
Trezor Suite is the new desktop and web interface for all Trezor hardware wallets. It replaced the Trezor Wallet web app as the main interface and brought upgrades in security, usability, and privacy.
This new interface is available on Trezor T and One devices. Traders can update their device and follow in-app instructions to use this feature.
Shamir’s Secret Sharing Scheme
The Shamir Backup feature is one of the new security standards that protect users from theft and destruction. It is a private key security system based on the Shamir Secret Sharing algorithm.
This feature is available only on Trezor’s Model T hardware device.
Invity is one of the most recent additions that SatoshiLabs made to Trezor Suite. It allows users to buy and exchange cryptos directly from their Trezor hardware wallets.
The new Trezor T platform is compatible with both the Trezor T as well as Trezor One device without significant differences.
Multisig support means that the wallet requires more than one private key to release signature-related data.
Trezor T supports multisig and is compatible with Trezor One devices.
Trezor T devices include a microSD slot for enhanced encryption. Users have keys held on the device to encrypt files located on the microSD card, while Trezor One devices don’t have this option.
Trezor command-line interface refers to its native wallet provider. Unlocking CLI for these two devices requires a different process.
You will need to unlock the Trezor T from its display before you can use it.
Password manager and FIDO2
Trezor hardware wallets both use a password manager that is connected to Google Drive. Password manager stores in an encrypted form in case your device gets stolen.
FIDO2 allows Trezor T devices to authenticate logins with no need for private credentials. FIDO2 can only be found in the Trezor T device.
Pros & Cons
|Trezor One||Trezor T|
|PROS||Highly secure||Highly secure|
|Affordable price||Easy to use|
|Supports over 1000 coins and tokens||Supports over 1800 coins and tokens|
|CONS||A little more expensive than competitors||More expensive than most other hardware wallets|
Trezor hardware wallets both surpass competitors when it comes to security and efficient transactions. They are great for protecting users from hacking attacks as long as you buy them from an authorized seller and use them properly.
Which one to buy will depend on what you want to trade. The Trezor One is more than sufficient if you plan to trade popular cryptos like Bitcoin or Ethereum. If you want to trade the newer cryptos, then you’ll need the Trezor T.
Is Trezor Model T worth it?
Trezor Model T is one of the most expensive hardware wallets on the market. However, the enhanced security, wide list of supported cryptos, and top-notch hardware display make it worth the money.
Is Trezor One safe?
Yes, even though it was developed in 2014, Trezor One remains one of the safest hardware wallet alternatives.
Why does Trezor run so slowly?
Slow loading times can be the cause of using multiple accounts.