Trezor Model T Crypto Wallet Review: Pros and Cons of the Wallet

Trezor Model T Crypto Wallet

Trezor Model T is a cryptocurrency wallet launched by the Czech Republic-based company SatoshiLabs. It is a device using which you can safeguard your digital keys, passwords, and crypto coins. It is an upgraded version of the Trezor ONE wallet introduced by the same company.

What is Trezor Model T?

Trezor Model T Crypto Wallet

Now, let’s get started with our Trezor Model T review and find out what the system is all about. This crypto wallet is compatible with more than 1200 coins including Bitcoin, Ethereum, Litecoin, Cardano, Ripple, Monero, Tether, Uniswap, Nem, etc. It features high-end hardware and has advanced functionalities for crypto traders. According to the seller, the device is designed for confidence and peace of mind.

Trezor Model T Summary

Wallet name Trezor Model T
Wallet’s TypeHardware wallet
Supported Coins1816
Supported Hardware WalletYes
Mobile AppNo
LanguagesEnglish
ChargesBased on transaction confirmation time 
Supported coins by Trezor.

How does Trezor Model T work?

Trezor Model T is compatible with both smartphones and computers. It supports operating systems like Android, Linux, macOS, and Windows 10. This is a touch screen device that requires you to enter a pin in order to access the interface. There is a desktop app where you can compare prices, purchase, and exchange coins in a safe environment. Although there is a browser version as well, the developer recommends downloading the desktop app to prevent phishing attacks.

Mobile users can directly connect to Trezor Suite via WebUSB. You need to connect the wallet to your phone via USB, access Google Chrome, and visit suite.trezor.io/web. When prompted to choose the interface version, you need to select Desktop. 

You can exchange one coin for another directly through the wallet. Simply open the wallet of a coin you wish to sell and choose the proper account. In the top-right corner, you will find a tab labeled Exchange. Here you can purchase a coin of your choice by specifying the amount you want to sell. You also need to set the transaction fee and select a crypto exchange. 

Features of Trezor Model T

Here are the main features of this wallet:

  • Easy backup

You can easily backup your coins using a 12-word recovery seed. 

  • U2F hardware token

This security token provides you with the full details of the authentication request.

  • Desktop app

The Trezor Suite desktop app is an easy way to send, receive, exchange coins and sign and verify transactions.

  • Open-source firmware

You can review the TREZOR Core firmware on a GitHub repository. 

What kind of wallet is Trezor Model T?

This is a cold wallet that is not connected to any network. As such, it is much more difficult for hackers to access it, compared to a hot wallet.

How to send cryptocurrencies using Trezor Model T?

Follow these steps to send crypto coins using this wallet:

  1. Go to the send tab
  2. Select the coin you wish to send
  3. Type the destination address or scan a QR code
  4. Enter the amount
  5. Set the transaction fee
  6. Confirm the transaction 

Supported coins

This wallet supports a total of 1816 coins, including Bitcoin Ethereum, Cardano Ripple, Shiba Inu, Polygon, Litecoin, Tether, etc.

Is Trezor Model T wallet safe?

No one can access your wallet unless they know the PIN code. After multiple failed attempts, the code gets reset. In case you forget the PIN, you can recover your coins using the seed phrase.

Does Trezor Model T charge fees?

The transaction fee depends on the confirmation time. For faster confirmations, you need to pay more fees.

Customer support & reviews

User review for Trezor Model T.

If you require support, you can raise a ticket via the Help Center. This wallet has a decent rating of 3.2 out of 5 on Trustpilot. Users have praised the superior security and the ease of usage. 

Trezor Model T pricing

The current price of this wallet is 189 Euros. If you choose to receive the product within 3 months, however, you need to pay only 164 Euros.

Trezor Model T vs competitors

Compared to other wallets, Trezor Model T supported a larger number of crypto coins. It has a user-friendly interface and has high-end security. However, it only has touchscreen operation and lacks a mobile app.

Final thoughts

Final thoughts
0 100 0 1
Trezor Model T is a secure cold storage option for your crypto coins. It is ideal for long-term storage and even beginners can easily handle its functions. However, you need to spend quite a hefty sum to purchase this wallet.
Trezor Model T is a secure cold storage option for your crypto coins. It is ideal for long-term storage and even beginners can easily handle its functions. However, you need to spend quite a hefty sum to purchase this wallet.

Pros

  • 100% cold storage
  • Easy-to-use interface
  • More than 1800 coins supported

Cons

  • Expensive product
  • Bulky design
Total
0
Shares
Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts