Trezor T

Written By
Deniz Saat
Reviewed By

Trezor Model T hardware wallet explained. Learn about the features, how to set it up, the security aspects, supported currencies, and the pros and cons involved with using a Trezor Model T. This review also provides answers to some of the frequently asked questions about the Trezor Model T.

Overview

Easy to use wallet with a touchscreen display.

Supports more than 1000 cryptocurrencies and digital tokens.

Trezor wallets have sold in more than 150 countries worldwide.

Overall Rating
  • Features
  • Ease of Use
  • Security

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Who are they?FeaturesCurrencies SupportedHow does it work?Is it Safe?ProsConsFAQ

Who are they?

Trezor is one of the most trusted names in the world when it comes to hardware wallets. Trezor is the world’s first hardware wallet developed by Satoshi Labs in 2014. Trezor T is the premium version of this bestseller crypto hardware wallet. It hit the market in the year 2018. The safety and simplicity of the device make it a favorite among crypto enthusiasts. More than thousands of Trezor hardware wallets have been sold in 150 countries worldwide. The Trezor Model T is designed to keep your cryptocurrency safe, is easy to use, and fits inside your pocket.  You can connect it to your computer using a USB cable that comes with the device. Trezor T has a modern design with a large color touchscreen display.  The on-device PIN and passphrase input enhances device safety. The Trezor Model T can be used with the Trezor Password Manager to manage your online credentials. According to the Trezor website, the Trezor T supports more than 1604 cryptocurrencies. The Trezor T package contains:

  • The TREZOR T hardware wallet.
  • A USB cable.
  • Startup manual.
  • Recovery sheet to write down the seed words.

Features

  • It is a dedicated physical device for storing cryptocurrencies and private keys.
  • Colorful touch display.
  • Trezor supports most of the major currencies and digital tokens.
  • It offers 24*7 customer support by a team of specialists.
  • Trezor has U2F (Universal Second Factor) account verification, which ensures that an unknown transaction request is never processed.
  • Trezor has a superior reputation among its users.
  • Ideal wallet for beginners since it does not require signing up with an exchange.

Supported Currencies

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Bitcoin Cash (BCH)
  • Litecoin (LTC)
  • EOS Ethereum Classic (ETC)
  • Stellar Lumens (XLM)
  • Dash
  • Dogecoin
  • Tether
  • How does it work?

    The step by step process of setting up the Trezor T wallet:

    1. Connect the Trezor T wallet to your computer or mobile using the provided USB cable.
    2. Go to the official Trezor website and select model T.
    3. Download and install the Trezor Bridge software.
    4. Record the recovery seed and save it in a safe place.  
    5. The recovery seed is crucial to access your funds in case the device is either    lost or damaged.
    6. Set up the PIN and passphrase on the device.

    The Trezor T is simple and easy to use. Each outgoing transaction or address is confirmed by entering the PIN. This feature ensures that funds are sent to the right address. It also guards against any unauthorized access to your computer.

    Is 

    Trezor T

     safe? 

    The Trezor T stores the private key offline inside the device, creating an isolated environment safe from hacks. A pin code is required to access the wallet. Each transaction is confirmed by pressing the physical buttons on the wallet.

    In addition to the PIN, the Trezor Model T requires a passphrase. It uses a 24-word seed recovery phrase, rather than the standard 12-word phrase. This feature creates a separate account on the wallet, where digital assets can be stored. So even if your PIN is compromised, the assets you have stored with the extra passphrase cannot be accessed. So it is more difficult to compromise the device or the crypto holdings. Trezor also uses Universal 2nd Factor (U2F) verification. It can also function as a hardware security token for verifying logins on Google and Dropbox.

    Pros of 

    Trezor T

    • Can be used across many platforms.
    • Supports a large number of coins and digital tokens.
    • Open-source device.

    Cons of 

    Trezor T

    • One of the more expensive hardware wallets
    • The screen makes it difficult to type on
    • The flash drive slot is not very useful

    FAQ

    1. Why is the Trezor T so expensive?

    The Trezor T is expensive due to its touchscreen color display. No other hardware wallet currently offers it. This feature adds extra cost in producing the hardware.

    2. Is Trezor T durable?

    The Trezor T is durable but not waterproof. In case you drop the wallet in water, and it ceases to function, you can use the recovery seed on a new wallet to recover your funds.

    3. Is Trezor T the best hardware wallet for storing Bitcoin?

    Trezor Model T offers safety and convenience. The Trezor wallet creates an isolated environment for offline transactions. The wallet uses a unique PIN to authenticate the user even while offline. The backup is 24 words generated using an RNG (Random Number Generator). This 24-word seed is generated offline. It is displayed on the wallet’s screen when the device is offline. This 24-word seed and the passphrase help users to recover the wallet in case of any loss. The wallet also displays the digits in a random order on the screen and changes the order every time for login. All these features make it the right choice for storing Bitcoin.

    4. What are the advantages of Trezor Model T over Trezor One?

    The Trezor Model T has a touchscreen color display. It supports more tokens and digital assets and offers FIDO2 authentication. All PIN and password information is entered directly on the wallet screen.

    5. What happens if my Trezor T breaks?

    If your Trezor T wallet is lost, damaged, or stolen, you can use your recovery seed to restore your entire wallet, passwords, and other data. The recovery process is simple; you need to enter your seed’s words into your new Trezor device.

    6. How can I make my Trezor T wallet even more secure?

    One way to add another whole layer of security to your Trezor T is through a Cryptosteel or BillFold. These cold storage tools allow you to preserve private keys/recovery phrases securely in any condition. ‍

    7. How safe is a Trezor T wallet?

    As a hardware wallet, the Trezor T is much safer than the traditional software wallets. The private keys are held offline on the physical device, rather than on a mobile or desktop computer. The Trezor wallet is never connected to an internet server, making it virtually impossible for a hacker to access your funds.

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    WRITTEN BY
    Deniz Saat
    Deniz Saat is an IT services specialist and technical writer.
    REVIEWED BY

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