Trezor wallet review

Trezor wallet review

Trezor
Very basic Ease of use,  High Privacy,  User Private Keys Stored

Trezor is a market leader and the most well known hardware wallet device. The company has focused on integrating partner services allowing for better functionality but supports very few coins. Its partnerships with online wallets allow the user to balance the security of a hardware device with the functionality of online wallets. It is both reliable and easy to use.

Trezor's own software allows only limited functionality but through partnerships with online services you can do just about anything. Trezor's integration system allows the user to keep private keys secure while using the services of providers. You can also use Trezor as a password manager and to securely sign messages. Unfortunately, they support only a limited number of Cryptocurrencies.

Company / organization behind the wallets

Trezor is owned by Satoshilabs which is also creating Coinmap. Coinmap hopes to map all altcoin accepting vendors worldwide. Trezor devices have no serial number or remote access so they are completely anonymous and secure.

Crypto Currencies Support

Language Support

  • English

Supported Systems

  • Windows
  • OSX
  • Linux
  • Android

Partners and integrated software

  • Bitstamp
  • Bitex.la
  • Mycelium.com
  • CoinPayments
  • Bitpay
  • Bitwala

Single purpose device with limited attack surface makes this a very popular device. One feature allows the user to double check the address (for receiving coins) on the device itself for the off chance someone may have hacked your browser and is displaying an incorrect address. If you want you can hide accounts behind a pass phrase.

Summary:

Security
Average
2 Factor Authentication
Yes
Multi-Signature
Yes
Private Keys Stored On
User
Storage Type
Cold storage
Transactions Validation
SPV or Lightweight client
Hierarchical Deterministic
No

What happens in the event of a disaster/theft/loss?

The user has a 'root key', 'recovery phrase' or 'word seed' that can be used to regenerate private keys.

Trezor was launched in 2014 and they have a very successful security record and a good reputation. Like many Crypto products from that era though the functionality and style are limited and very simple. The hardware is reminiscent of 1970's star trek in its design and almost all functionality is dependent on a 3rd parties.

Summary:

Trezor was the first hardware wallet, launched in 2014. It is the traditional favorite and its integration with multiple service providers has made it very versatile. It's main drawback is that it supports a limited number of coins. Some may find the design old-fashioned and almost all functionality is dependent on 3rd party.

Ease of use
Very basic
Suitable For
Account activation process
Involved
Transaction fees
Dynamic Transaction fees, Set up fees
Setup fee
$99.00

Functionality:

  • Buy coins using bank account
  • Buy coins using credit card
  • Exchange coins crypto to crypto
  • Withdrawal funds to bank account

Trezor's own software allows only limited functionality but through partnerships with online services you can do just about anything. Trezor's integration system allows the user to keep private keys secure while using the services of providers. You can also use Trezor as a password manager and to securely sign messages. Unfortunately, they support only a limited number of Cryptocurrencies.

The wallet platform allows you to access third party services without sharing your private keys (the signature process happens on the wallet platform.)

Help and
support:

  • FAQ section
  • Contact form

Most common
customer complaint:

It doesn't look sleek, Its expensive, doesn't support enough coins