Trezor is a hardware wallet device designed to store your cryptocurrency funds offline. With Trezor’s wallet, you’re connected to offline storage and keeping your wallet safe by malicious attacks. It offers multiple security features, great design, and user-friendly to use. Trezor was created in 2014 by the company SatoshiLabs in the Czech Republic.
Trezor supports multiple cryptocurrencies to store your funds and it comes in two models: Trezor T and Trezor One. With compatibility for multiple devices as Phones, Desktops, Tablets. It offers advanced security features and offering personalization of the wallet screen.
With a unique design and packaging and protection from malware and phishing. The device can be connected to a phone, desktop, or a tabler. We will explain more other details and features of Trezor. We will cover all of these in this article and explain both models Trezor T and Trezor One.
Trezor Model T is the latest hardware wallet version published by Trezor company. The company calls it a “next-generation” hardware wallet. Trezor T device offers a modern design with improved user experience and security. With an operating temperate from -20°C to +60°C and with an RGB LCD display and touchscreen option.
It’s compatible with a USB-C cable and a microSD card. The T model comes only in black color, made with durable materials, and doesn’t contain any harmful chemicals or toxins. The device serves as a U2F hardware token and uses the processor ARM Cortex-M4. It supports more than 1000 coins and major cryptocurrencies.
Trezor T model offers back up for your wallet with a recovery phrase option. The T model is the first hardware wallet that uses Shamir Backup (SLIP39). Trezor T has a weight of 22 grams with a size of 64x39x10mm and it costs $159 USD.
Trezor Model T has a slot for a MicroSD card that’s used for encrypted storage. The MicroSD card cannot store the recovery seed phrase or any private keys.
For unsatisfied users with the Trezor T model, there’s a refund available. Trezor guarantees a 100% money back if the user is not satisfied with the product. Users can request a refund within 15 days of the purchase date.
Trezor One model was released in 2014 and is an older version than the T model. Trezor One model offers unmatched security for crypto with password management and two-factor authentication. Trezor One model supports more than 1000 coins with major cryptocurrencies like Bitcoin, Ethereum, Litecoin, Stellar, and more.
Built with an OLED display screen and supporting a USB-B cable for connection. It uses an ARM Cortex-M3 processor and an operating temperate from -20°C to +60°C. It weighs 12 grams and can be purchased with a price of $36 USD. Trezor One model is available in black and white colors. And a 15-day refund is available for unsatisfied users within the day of purchase
Trezor One model is compatible with Windows 8 and higher versions. It supports the Linux operating system and available for Mac OS 10.11+. Trezor One model is available for Android devices but doesn’t support iOS devices.
Trezor supports 1392 cryptocurrencies and tokens together. However, Trezor One and Trezor T models don’t support the same cryptocurrencies. For example, Ripple is supported on the Trezor T model only and is not supported for the Trezor One model. To see the full list of supported cryptocurrencies and tokens for each model, visit the link below:
Trezor offers advanced security features built to offer the user maximum security. With offline wallets, users are more secured by phishing, viruses, malware, and more. However, if the Trezor device is lost or stolen, the device can not be accessed without a PIN code. And Trezor offers a 4 digit pin code to ensure the device can be accessed only from the owner with its PIN code. The PIN code can be remembered easily from the owner as it’s a 4 digit. But, in cases for the worst scenario possible, the owner should write the 4 digit code on a safer place as a backup. Trezor recommends keeping the PIN code protected by water or fire damage.
Recovery Phrase Seed
Trezor offers “Recovery Phrase Seed”, known as 12 or 24-word recovery phrase. The recovery seed phrase restores your funds in a new device in case your Trezor device is stolen or lost. The recovery seed phrase can be reset only with “Wipe Key” and is recommended to save it somewhere safe. Trezor also offers the “Shamir Backup” method to keep your recovery phrase by splitting the phrase into multiple unique shares.
The passphrase is an additional security feature of the Trezor device which allows the user to create a hidden wallet. The Trezor device generates the passphrase with random characters as words or sentences. Passphrases are case-sensitive and if the user enters an “empty” passphrase, it will let the user access the original seed-only wallet. Passphrase serves as a backup option in case the recovery phrase seed is compromised, as the wallet would not be accessed with only the recovery phrase. The passphrase is not stored anywhere, and the user should store it somewhere safe. The user cannot reset the passphrase or access funds on the Trezor wallet without the passphrase.
The passphrase protection is disabled and is not shown at the setup of a new Trezor device for the first time. To use the passphrase feature, the user first visits wallet.trezor.io and connects the Trezor hardware device with the website. After the user has plugged in and connected into the wallet, the user clicks on the name of your Trezor device and go to the “Advanced” tab menu. Then, the user can enable the passphrase with instructions shown on the screen at the Advanced tab menu. The Trezor T model will ask the user to enter the passphrase by typing it on a web browser or use the touchscreen on the Trezor device.
Trezor Password Manager
Trezor Password Manager tool stores your cryptocurrency password on the Chrome browser with an extension. The password is saved on Dropbox or Google Drive storage. Passwords on the Password Manager cannot be decrypted without the user’s Trezor device and the recovery phrase. In cases where the Trezor device is stolen or lost, the user can recover the password with the recovery phrase seed. Trezor Password Manager allows the user to import and export the password list on a CSF file. The CSF file that is imported, it’s not protected so the user needs to make sure the passwords are not compromised.
The wipe code feature allows the user to erase the PIN and recovery phrase with a self-destruct PIN code. The user can set a wipe code after authenticating the Trezor device with the PIN first. Once the user erases the PIN code and the recovery phrase seed, it cannot be reset anymore.
Trezor connection with devices
Trezor devices can be connected on Desktop devices with the Trezor Bridge that communicates with Trezor Wallet. With Trezor Bridge, the user can connect the wallet to an operating system such as Windows, Linux, or Mac. Trezor Bridge is compatible with Chrome and Firefox browsers and can be installed directly as an extension on your browser.
Trezor devices can be connected to the desktop via another WebUSB. WebUSB is an API available for the Chrome browser to provide secure access to USB devices from web pages. However, Trezor recommends using the Trezor Bridge extension for a smooth connection of your Trezor device.
Trezor devices can be connected with Android phones or tablets by using the Trezor Manager. Trezor Manager is available on Google Play and the user’s Android device has to support the OTG (USB On The Go). And an OTG cable is required for connecting your Android device with your Trezor. Trezor Manager cannot be used to with the full functions as Trezor Wallet has. However, the user with the Trezor Manager has some features as PIN change, Passphrase change, etc. The features are listed below:
Initialize & set up their device
Recover their device
Enable/Disable passphrase protection
Change the home screen
Wipe the device
Trezor uses Boardloader as an operating system with a purpose to make the Trezor device immutable against code-based attacks as BadUSB. Boardloader defends the wallet by bugs or any embedded code programmed to breach the Trezor wallet. The Boardloader cannot be updated or removed and is unmodifiable.
The bootloader is a program designed to install updates and check the firmware loaded on the Trezor device. The Firmware is the program that operates the Trezor device and executes most of its functions and features. With Firmware, offers physical confirmations known as a touchscreen.
Trezor Model T uses a reinforced plastic as case protection to provide great durability of the device. Trezor device operates in temperatures ranging from -20°C to +60°C. The LCD touchscreen (240×240 pixels) offers a smooth touchscreen design and displaying the wallet software design on a touchscreen.
Trezor device offers customization of the home screen with just simple clicks. The user can change the gallery by choosing any picture available from the gallery list. To personalize the home screen, the user needs to use the Trezor Wallet website.
Trezor One package is protected with two silver seals on both sides and wrapped with a plastic foil. The package is sealed with a strong glue and making impossible to open the package without tearing it apart. The Trezor One model comes contains the following items: Trezor One device, USB cable (type B), Lanyard, Getting started guide (package), Recovery seed card (24 words) 2x, and a Sticker 4x.
The Trezor Model T comes in the package with the following items: Trezor Model T device with a holographic seal over the connector, USB cable (type C), Getting started manual (package), Magnetic dock, Recovery seed card (12 words) 2x, and a Sticker 4x.
Recovery seed card
The package contains also a recovery seed card that can be used for writing down the recovery seed phrase. For the Trezor One package, the recovery seed card contains a 24-word card. And, the Trezor T model contains a 12-word card. It’s strictly recommended by Trezor to never make a digital copy of the recovery seed card. And the user should keep the recovery seed card in a safe place, from being stolen or damaged.
Trezor offers a partnership program for users who want te to become an affiliate for Trezor. For each referral, the user earns 12% – 15% commission for each sale. The payouts are monthly and can be done with Wire Bank Transfer or via Bitcoin. Trezor offers promo material like banners, texts, or videos to reach more referrals. The dashboard platform offers access 24/7 with statistics of your referrals. The user offers details for the numbers of the clients referred, the total amount earned, number of clicks, and more details.
In this article, we tried to list the main features of the Trezor device. And explain the two models, the Trezor One and the Trezor T model in detail and the differences of each model. In general, Trezor offers advanced maximum security for each Trezor device. With three protection steps as pin code, passphrase, and recovery phrase to ensure maximum protection for the user.
The Trezor hardware device offers a smooth experience and user-friendly navigation system for new users in cryptocurrency and hardware wallets. Compared to the Ledger hardware wallet, it offers the same security features and it has a user-friendly design interface for beginners.
In general, it’s up to the user to decide which model is the right one based on the review of this article. Also, it’s recommended to purchase the Trezor device directly from the official website. Or order it from the authorized resellers and the user should always check for a strip at the bottom. You can also read more about our top 10 crypto wallets if you wanted to see more choices.
Editorial credit: Lukasz Stefanski / Shutterstock.com, Writer Behar H.