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Trezor Wallet Review

Trezor Wallet Review | When You Want Trust, Safety, and Security

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Long story short, Trezor is the safest secure option for storing your cryptocurrencies!

Cryptocurrency has been back in the public eye as of late. Bitcoin and other cryptocurrencies have bounced back as their usage increases.

Nowadays, millions of transactions and transfers are done exclusively on cryptocurrencies.

The biggest question that always arises when dealing with crypto is, how do I store it and keep it safe? After all, it all exists in a digital environment. Luckily, there are ways to keep crypto safe.

There are several wallets in the market that help users store and protect their coins. These crypto wallets are the most common ways to use your cryptocurrencies. The level of convenience they present cant be unrivaled.

With these wallets, users can make whatever transaction they wish without a problem. That way, anyone can buy or sell goods and services with anyone at any time.

These wallets do come with a hiccup, constant internet connection.

By having a crypto wallet perennially connected to the internet, it’s steadily at risk of being compromised. That’s why they referred to as “hot wallets.”

So when talking about keeping money safe secure, the most reliable options are not these “hot wallets.”

What you are looking for are wallets which aren’t always connected to the internet. These types are called “cold wallets.” 

Trezor is a top of the line cold wallet and we are going to dive into all the details below.

 

About Trezor and How It Works

Trezor was created and commercialized by SatoshiLabs. As of the writing of this article, there are two Trezor models. The first one is the Trezor One.

Trezor One was the first model created by the company. It’s tiny in design, which makes it very versatile. You can put the Trezor One on your keychain or keep it in your pocket.

It has a monochrome display with two buttons. If you want to retrieve or send currency, all you must do is connect the device to a pc or a mobile device to retrieve your seed.

That level of simplicity and privacy is what makes the Trezor One one of the best-selling cold wallets in the market. Its price is about €69 or $59.

The second wallet is the Trezor Model T. The Model T is the high-end wallet, and it comes with different options that cannot be found on the Trezor One.

First of all, the Trezor Model T is a little bigger in comparison to the Trezor One. However, the Model T comes with a full-color touchscreen. Moreover, you can type your PIN and keywords without the need for the wallet to be connected to a computer.

Additionally, you can store your information on the cloud as well as on a microSD card. The price of the Trezor Model T is €149 or $159.

It’s worth noting that the Trezor wallets are compatible with:

  • Bitcoins
  • Etherum
  • ZCash
  • Litecoin
  • Namecoin
  • Dogecoin
  • Dash
  • Ripple
  • and 100’s of other popular cryptos.

It’s effortless and intuitive to use. It comes with all the instructions you need to set it up, and you will have a 24 words code to recover your seed if you ever lose it.

Trezor is compatible with Chrome and Firefox. You can use it on other navigators, but Trezor can’t guarantee the safety of the product or the transaction.

Moreover, Trezor works with Windows, OSX, and Linux. If you have Android devices with USB Host or USB On-The-Go, you can use your Trezor hardware wallet with them.

 

What If I Lose My Trezor

You must keep your Recovery Seed in a separate, safe and secure location. If you have access to your private key, you can use it with another Trezor device to regain access to your crypto.Trezors Cryptosteel

Trezor does offer a unique device called CryptoSteel.

It is a durable steel alternative to just putting your recovery seed on paper.

If you are worried about possibly losing or not confident in storing your crypto on something that could easily be thrown away, then the CryptoSteel is something you should look into.

A lot of lost crypto is a direct result from ‘human error.’ This greatly reduces the risk of losing your seed by having something that is durable, noticable and easy to store.

 

What Is A Trezor Recovery Seed

The Trezor Recovery Seed is the foundation of the security behind the Trezor Wallet. Think of your Recovery Seed as the offline backup of your crypto.

Your seed is generated by your device and is unique to you. It generally consists of random words ranging from 12 to 24 words.

With this, regardless of switching of devices, your Trezor being lost or stolen, you can regain access to your crypto with your Recovery Seed.

This is why we highly recommend the CryptoSteel along with your Trezor cold storage wallet for ultimate storage and security of your crypto.

 

How Do You Buy Bitcoins With Trezor Wallet

There are plenty of options when it comes to buying Bitcoin. Fortunately, you can easily use the recommended exchanges provided by Trezor. Our recommendation would be to use Changelly through Trezors Buy Now tab.

In just a few steps, you can add Bitcoin to your Trezor:

  • You would need to connect your device and open your Trezor Wallet.
  • Then click on the Buy tab in the menu.
  • From there you would decide on what exchange you would like to use.
  • Follow the instructions on the exchange of your choice.
  • If buying Bitcoin be sure to add your Bitcoin address for where you would like your Bitcoin sent. (Using any other address other than Bitcoin will result in your Bitcoin being lost in the blockchain and unable to be recovered.)
  • Then you should see your newly purchased crypto in your Trezor Wallet.

This is recommended as you know you are going to a trusted source to get your crypto and can effortlessly add it to your wallet.

How to Buy Bitcoin with Trezor
Image Source

How Safe is The Trezor Wallet

Trezor at the top of the class when it comes to cold wallets. It is one of the most reliable ways to store cryptocurrency.

The wallet is conveniently created on an easy-to-carry USB. That means that its exposure to internet malware and hackers is highly limited.

Additionally, the USB wallet is designed exclusively for sending or receiving whichever cryptocurrency you are holding. That further helps with security because users cannot accidentally upload any potential virus by using the wallet as a memory stick.

 

 

 

Pros and Cons of Using a Trezor Wallet

Pros

  • Easy and intuitive to use.
  • Very secure.
  • Two different devices to choose from
  • Control over your information
  • Affordable

Cons

  • You must have the device with you to make the transaction (Con for some but a huge security benefit).
  • The portable device may get lost or stolen (secure your Recovery Seed and this is a low risk Con).

 

Final Thoughts on The Trezor Hardware Wallet

In comparison with the different options for cryptocurrencies wallets, Trezor is one of the safest and more reliable available. It is highly secure, and your information won’t have to be in other hands but yours. Moreover, you have the support of their developers. And, you have the support of their community.

Be advised that if you are interested in buying a Trezor wallet, do not attempt to buy it from third-party sellers. Even though Trezor wallets are highly secure, there is no way for the company to guarantee that wallets sold by second-hand sellers are secure.

So, whenever you are ready to get one, visit their website Trezor.io, be sure to take advantage of their bundle deals and make sure that your wallet arrives with its security seal unbroken.

About the author

I am the Founder of FutureofCrypto.io, a Crypto Investor, Crypto Researcher, and Enthusiast! I have been involved in the crypto space for several years and enjoy the hunt to find a low market cap coins that have huge upside potential!

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