Review of the Trezor hardware wallet for storing cryptocurrencies


The popularity of cryptocurrency transactions is increasingly gaining momentum, and more and more countries are participating in the globalization of the field of digital finance. Like any savings, digital assets need reliable and convenient storage, which hardware storage can provide in the best possible way. The Trezor wallet is one of the most popular options in which you can securely store your Bitcoins.

Main advantages of Trezor wallet

  1. The main advantage of a cold hardware wallet is that all private keys are stored remotely from the Internet. It is not afraid of any computer viruses or hacker attacks, because it does not have an operating system. Even if you connect it to an infected computer, your digital savings will not become vulnerable, since the USB cable that comes with the kit is only capable of limited operations.
  2. The Trezor hardware wallet works in both online and offline modes. Digital coins have no physical representation, they are not stored directly in the device itself, but it is possible to perform any actions with them only if you have the gadget. Confirmation of transactions is carried out by simply pressing the Trezor button.
  3. The crypto wallet implements two-factor authentication, which protects your account from unauthorized access. In addition to your username and passwords, you will enter a secret PIN that your Trezor will generate. Please note that the secret code is also generated offline. Starting with firmware 1.4.0, wallets implement the new U2F (Universal Second Factor) protocol specification.
  4. TREZOR supports most ERC-20 tokens and is compatible with many wallet software applications.
  5. And one more important function: the ability to restore access to your savings through a secret 24-digit phrase that the device creates when you first start it.

Trezor Model T - 2022 model with touchscreen

The second model of the SatoshiLabs wallet, which the company has been releasing since February 2022. Main differences from the previous model:

  • Color touch display. Now all actions are carried out on the screen.
  • Lack of buttons.
  • MicroSD memory card slot.
  • The list of supported cryptocurrencies has been increased. For example, support for Ripple, EOS and Monero has been added.
  • Additional security measures. All important data is displayed only on the device screen. It is possible to configure access to the device using a microSD card.


Appearance of the Trezor Model T hardware wallet
External characteristics:

  1. Display: color LCD with a resolution of 240 x 240 pixels. Touch-screen - touch screen, replaces buttons.
  2. Size: 64 mm x 39 mm x 10 mm. Fits in your pocket. Similar in size to a case with wireless headphones.
  3. Weight: 22 grams. A little lighter than the case with AirPods headphones.
  4. One USB-C port. Like on MacBook and Android smartphones.
  5. One slot for microSD memory card. You can store your PIN code on the card in encrypted form and use it as an additional means of protection. Then to unlock the wallet you will need not only the Trezor Model T, but also a microSD card.

Trezor Model T supports 1652 cryptocurrencies and tokens. Including:

  • Cryptocurrencies: BTC, ETH, BCH, LTC, DOGE, DASH, ZEC.
  • Stablecoins: USDT, DAI, USDC, PAX.
  • ERC20 tokens: MANA, COMP, MKR, LINK, WBTC.

Trezor Model T supports 6 coins that are not available in Trezor One: XMR, XTZ, XRP, EOS, ADA, BNB. A future firmware update will include ONT support for Model T only.

The official website has a separate page that lists a complete list of supported cryptocurrencies and tokens for the Trezor One and Trezor Model T. There are 39 coins listed that have the “Soon” status. These are coins that SatoshiLabs promises to add support for in subsequent updates for Trezor One and Trezor Model T. These include UNI, YFI, SUSHI, OUSD, TBC.

Specifications:

  1. Processor: ARM Cortex-M4 processor with a frequency of 168 MHz. Powered by Trezor Core system developed by SatoshiLabs.
  2. Keyword generation standard: BIP39. This means that Trezor Model T is compatible with most hardware and software wallets.
  3. Supported operating systems: Windows 10 and above, MacOS 10.11 and above, Linux, Android smartphones.
  4. Certification: CE and RoHS. Standard certificates of product compliance with EU and environmental standards.
  5. Country of origin: Czech Republic.

We recommend purchasing the Trezor Model T wallet on the official website. In February 2022, its cost is 159 euros and delivery costs of 9 euros are paid separately. The total is approximately 15,000 rubles. For purchases over 250 euros, delivery is free.

Trezor Model T comes in original packaging. The USB-C port of the device is sealed with holographic tape. If it is damaged, torn or missing, you should take a photo of it and contact the company's support service. In addition to the wallet itself, the package includes:

  • USB-C cable for connecting to a computer. If you have a MacBook or Android with a USB-C port, you will need an adapter to USB-C. It is sold on the official website.
  • 2 paper cards for writing SEED phrases.
  • Magnetic holder. It can be attached with adhesive tape to the back of the wallet and magnetize the device to it. The magnet in the holder does not harm the device.
  • Branded Trezor stickers.


What is included in the Trezor Model T package in addition to the device itself
You can buy the Trezor Model T on a special page of the official website.

Trezor Model T is available to order only in black. You can also purchase wallet accessories on the official website: silicone cases, a metal case for storing the SEED phrase, a short USB-C keychain cable, an extended USB-C cable, a branded Trezor strap and a cable for connecting to USB-C ports.


Accessories for Trezor Model T.

After purchase, you will need to download all updates from the official website. We have attached instructions so that you immediately know how to proceed. It is no different from the instructions for Trezor One:

  1. Connect the device to your computer using the USB-C cable included in the package.
  2. Go to the official Trezor website in the “Wallet” section and select your device.
  3. Install the Trezor Bridge application for your operating system. During installation, you will need to unplug the device from the cable and plug it in again.
  4. Go to the official Trezor website again and select your device. Download updates from the official website. Once the update installation is complete, you will need to reconnect the device again.
  5. Set up your wallet on the official Trezor website in the Trezor Wallet app. The site has Russian language support. Write down the SEED phrase, set the PIN code and wallet name following the instructions on the website.

You can use the Trezor Wallet app or Trezor Suite. Both applications are official and developed by SatoshiLabs.

How to buy a wallet

The official website of the company is https://trezor.io. To order a wallet through an official dealer, you need to complete four steps:

  1. Select a company product.
  2. If necessary, accessories can be added to your order.
  3. Determine the delivery method (standard delivery of your purchase takes from 5 days to 6 weeks, depending on the country you are ordering the product to, the price is 9 EUR).
  4. Provide the required delivery address information.

You can pay for your order either through a bank card or through a Bitcoin digital wallet.

The price of Trezor is currently 83.49 EUR.

In addition to the official website, you can buy Trezor from resellers in Russia, for example, https://walletz.ru/. In addition to the first wallet model, you can also buy Model T and accessories on the distributor’s website.

Important! Never buy a used wallet, this may lead to the loss of all your funds, since the private keys remain with the seller.

Purchase and delivery

To write this article, the manufacturer provided a free sample of the Trezor wallet. This device is available for sale at www.buytrezor.com and ships worldwide.

The device costs $99 and comes in three colors: white, gray and black. When purchasing all three devices at the same time, a discount of $21 is provided. Interestingly, the community has mastered the production of cases for Trezor in a wide range of colors.

Equipment and technical characteristics of the device

The device has fairly compact dimensions: 60 x 30 x 6 mm, and weighs only 12 g. It tolerates the temperature range from -20 °C to +60 °C.

Connection connector – Micro USB.

CPU – embedded ARM processor running at 120 MHz (Cortex M3).

The OLED screen has a resolution of 128 x 64 pixels. The interface is capable of displaying 6 lines of text. All the data needed to verify a transaction is conveniently located in one display.

TREZOR is CE and RoHS certified, so it meets all standards of quality, reliability and does not harm the environment. It can be safely used even on an airplane.

The basic kit consists of the following elements:

  • TREZOR device;
  • micro USB cable;
  • recovery sheet for recording the secret phrase.

Indications for use of the drug

When a person with addiction is forcibly sent to a clinic or forced to take medication, the effectiveness of such treatment is not always great. More precisely, a tiny percentage of people agree to conscious treatment. The vast majority will flatly refuse help. However, when the course of treatment begins, events will begin to occur in the patient’s body that the patient simply cannot ignore. In just a couple of weeks of taking Trezor, a miracle will happen. The patient will even stop mentioning alcohol!

For a substantive understanding of when a medication should be used, the developer published a list of reasons:

  1. The product simply and easily copes with any stage of alcohol addiction.
  2. The drug is useful when the patient is constantly in a state of readiness to drink, be it night, day, evening, morning.
  3. The reason for treatment is the inability to stop constant binge drinking as a factor in solving many surrounding problems.
  4. The product will be a useful aid to the regular desire to relax and improve your mood with a portion of alcoholic drinks.
  5. Signs of alcoholic morning amnesia are also a good reason to take medication.
  6. Finally, the most dangerous reason for the patient is the need for urgent drug therapy when acute alcohol withdrawal is achieved, due to which a person can say goodbye to life.

Having at your disposal the original drug in the form of soluble tablets or powder, you will really help a sick patient who may not even suspect that he has started treatment! Let him think that he quit drinking on his own. Don't convince him of this.

What cryptocurrencies does Trezor support?

The TREZOR hardware wallet can work with more than 700 different cryptocurrencies (as of February 2022). Below is a table that provides information on the main tokens and wallets:

CryptocurrencyInterface
Bitcoin (BTC)TREZOR Wallet
Litecoin (LTC)
DASH
Zcash (ZEC)
Bitcoin Cash/Bcash (BCH)
Bitcoin Gold (BTG)
Ethereum (ETH)MyEtherWallet
Ethereum Classic (ETC)
ERC-20 Tokens
Expanse (EXP)
UBIQ (UBQ)
NEM (XEM)NEM Nano Wallet
NamecoinNo interface
DogecoinNo interface

Opposite each cryptocurrency is a link to instructions for using the interface.

A complete list of supported cryptocurrencies is available at https://trezor.io/coins

Invity

As part of Trezor Suite you get access to Invity.

Invity is a new way to buy Bitcoin and other cryptocurrencies directly from your hardware wallet and place the coins directly into your wallet.

The truly innovative part of Invity is that it actually saves you money.

In the past, purchasing coins through a hardware wallet was very expensive.

However, Invity partners with dozens of exchanges that it has vetted for good customer service and allows you to compare prices in real time, so you pay the lowest fees on your cryptocurrency purchases.

Check it out below:

Connection and initial setup process

There are four options by which TREZOR communicates with wallets:

  • Bridge (web bridge).
  • Chrome extension.
  • Manager for Android.
  • via Python tools.

To create a secure bridge, you need to install a piece of software called TREZOR Bridge, which can be downloaded from https://wallet.trezor.io.

An alternative to the TREZOR bridge is the TREZOR Chrome extension. It can be used across platforms, not just Chrome-based browsers.

You can also configure TREZOR using a dedicated Android manager, which can be found on Google Play.

The last binding option is only suitable for advanced users who are familiar with the command line and Python. The source code is stored on the GitHub repository.

Since TREZOR comes without firmware (to always install the latest version when setting up), the first thing you will be asked to do is install the firmware. Simply confirm the installation and follow the on-screen instructions.

Once the update is successful, reboot your TREZOR and you will be greeted by a welcome page where you can select the desired action:

  • create a new wallet;
  • restore wallet.

Just click the "Create New" button.

Trezor Applications

SatoshiLabs has developed the following applications for Trezor wallets:

  • Trezor Bridge;
  • Trezor Wallet;
  • Trezor Suite;
  • Trezor Password Manager.

Trezor Bridge. This application provides communication between the device itself and applications in your browser. It must be downloaded from the official Trezor website. After installing Trezor Bridge, the application will run in the background - you do not need to perform any actions in it. Supported operating systems: Windows, MacOS, Linux.

After the installation of Trezor Bridge is completed, you will need to refresh the page in the Chrome browser, and restart the browser in Firefox.

Trezor Wallet. Web application for Chrome, Firefox and Brave browsers. In Trezor Wallet, you create and configure a wallet, make transactions, and manage coins in your wallet balance. Other browsers are not supported.

Trezor Suite. An application that is used in a browser or installed on a computer. As of February 2022, Trezor Suite is in open beta testing and lacks Russian language support. Trezor Suite has expanded functionality compared to Trezor Wallet and supports more coins. When using the desktop version, you will not need to install the Trezor Bridge application. Supported operating systems: MacOS, Windows 8 and higher, Linux. A version of the Trezor Suite application for smartphones is in development.

Trezor Password Manager. Password manager as an extension for the Chrome browser. It is convenient to create and store passwords for any accounts. Passwords are stored in the Dropbox or Google Drive cloud in encrypted form. Similar to the LastPass password manager, but the decryption keys are stored on the Trezor device itself. Without it, it is impossible to access passwords.

Entering a PIN code

To set a PIN that will protect your wallet, you need to come up with any combination of 4 numbers, but entering a PIN for Trezor has one important feature that is sometimes unclear to new users.

The numbers are entered on the computer, but the matrix that you will see on the PC screen has no numbers, only empty squares. You can see the location of the numbers on the gadget’s screen, and only by using them together can you create a PIN code.

When selecting positions that correspond to the numbers shown on the Trezor display, you will have to enter the PIN code twice, and the location of the numbers will be different each time. These measures are provided specifically to ensure that information entering the computer cannot be intercepted and used for unlawful purposes.

What is included in the composition

It is no coincidence that the interest of the expert community and users in the medicine is riveted, because it is an absolutely natural formula that has proven in practice that it has no contraindications. The final ingredient composition included the following elements:

  1. Extractive substance of coprinus. This is a natural analgesic, acts very gently and promotes the removal of ethylene breakdown products from the blood vessels. The product helps to develop a strong dislike for all alcoholic products. At the same time, the person does not experience anxiety and irritation, and his nervous system is not under stress.
  2. Extractive substance of yarrow. Literally counteracts the patient's craving for alcohol. Helps restore blood flow and accelerate metabolic processes, supports liver function.
  3. Rhizomes of kaempferium. The processed plant is quickly absorbed by the internal organs, creating conditions for the painless outflow of waste and toxins from the body. The organs themselves, under the influence of the ingredient, begin to quickly recover.
  4. Extractive substance from centaury. The ingredient helps optimize blood pressure, helps reduce glucose levels in blood vessels, and relieves headaches.

All of these ingredients are selected in a special proportion so that each component can complement each other and significantly enhance its effect.

Secret key – Seed phrases

Before you start setting up your gadget, you need to create a backup copy of your wallet. To do this, you must agree to the terms, after which a unique phrase will be shown on the device screen, which has a certain combination of unrelated words.

This is a mnemonic phrase with which you can restore access to your wallet if necessary. It will only be shown at this stage. Be very careful and careful. You need to write down the Seed phrase on the recovery sheet that comes with each TREZOR.

Navigation between words is done using buttons. Once you have written down all the secret words on your recovery sheet, you will be back at the top of the list. Carefully check the correct spelling, ordinal numbers of words, and only then proceed to the next step.

Trezor One - 2014 model with a screen and two buttons

The first hardware wallet that SatoshiLabs developed from 2012 to 2014. It is a device with a small display, two buttons and one Micro USB port. Same as on Android smartphones released before 2022.


Appearance of the Trezor One hardware wallet

The display is needed so that the computer screen does not display information that can be used to gain access to the wallet. It shows words from the SEED phrase, transaction details: the amount and address to which you are sending funds. It also displays the location of the numbers for entering the PIN - when you enter the PIN code, the buttons you click on are not labeled on the computer screen. To understand which one to click on, you need to look at the device screen. Buttons on the Trezor One device itself are needed to confirm transactions. It is impossible to send coins without a device.

SEED phrase is a set of 12, 18 or 24 words. By default it consists of 24 words. All words are displayed only on the device screen. It is recommended that you write them down and keep them in a safe place. They will be needed to restore funds in case of wallet theft and to change the PIN code. With a SEED phrase, anyone can access your wallet even without your Trezor device.

Trezor One supports 1646 cryptocurrencies and tokens. Including:

  • Cryptocurrencies: BTC, ETH, BCH, LTC, DOGE, DASH, ZEC.
  • Stablecoins: USDT, DAI, USDC, PAX.
  • ERC20 tokens: MANA, COMP, MKR, LINK, WBTC.


Coins that are not available on Trezor One
Compared to Model T, Trezor One hardware wallet lacks support for XMR, XTZ, XRP, EOS, ADA, BNB. The official website has a separate page with a complete list of supported cryptocurrencies and tokens for the Trezor One and Trezor Model T models.

There are 39 coins in the list that have the "Soon" status. These are coins that SatoshiLabs promises to add support for in subsequent updates for Trezor One and Trezor Model T. These include UNI, YFI, SUSHI, OUSD, TBC.

External characteristics:

  1. Display: monochrome OLED with a resolution of 128 x 64 pixels. The display can accommodate up to 6 lines of text or one QR code.
  2. Size: 60 mm x 30 mm x 6 mm. Fits in your pocket. Similar in size to a case with wireless headphones.
  3. Weight: 12 grams. About the same as 2 flash drives.
  4. One Micro USB port. Same as on Android smartphones released before 2018.

Specifications:

  1. Processor: ARM Cortex-M3 processor with a frequency of 120 MHz. Runs on the operating system from SatoshiLabs.
  2. Keyword generation standard: BIP39. This means Trezor One is compatible with most hardware and software wallets.
  3. Supported operating systems: Windows 10 and higher, MacOS 10.11 and higher, Linux, smartphones running Android 4.1 and higher.
  4. Certification: CE and RoHS. Standard certificates of product compliance with EU and environmental standards.
  5. Country of origin: Czech Republic.

We recommend purchasing a hardware wallet for Trezor One cryptocurrency on the official website. In February 2022, its cost is 49 euros and delivery costs of 9 euros are paid separately. The total is approximately 5,200 rubles. For purchases over 250 euros, delivery is free.

Trezor One comes in branded packaging with two holographic strips. If the tape is torn or missing, you should take a photo of it and contact the company’s support service. In addition to the wallet itself, the package includes:

  • Micro USB cable for connecting to a computer. If you have a MacBook, you will need a USB-C adapter. The site also sells a Micro USB cable for connecting to Android smartphones with a Micro USB port.
  • 2 paper cards for writing SEED phrases.
  • Branded Trezor strap. Needed to attach the device to a key fob or key ring. It makes it easier to carry your wallet and take it out of your pocket.
  • Branded Trezor stickers.


What is included in the Trezor One package in addition to the device itself
You can buy Trezor One on a special page of the official website.

White and black colors are available to order. You can also purchase wallet accessories on the official website: silicone and leather cases, a metal case for storing the SEED phrase, a short Micro USB cable-keychain, a cable for connecting to Android smartphones.


All accessories for Trezor One

For lovers of the exclusive, the website sells a limited edition Trezor One made of aluminum and engraved for the 5th anniversary of SatoshiLabs. A total of 300 such devices were manufactured. The cost is 500 euros, which is about 45 thousand rubles.

After purchase, you will need to download all updates from the official website. We have attached instructions so that you immediately know how to use the Trezor One wallet. It is no different from the instructions for the Model T:

  1. Connect the device to your computer using the Micro USB cable included in the package.
  2. Go to the official Trezor website in the “Wallet” section and select your device.
  3. Install the Trezor Bridge application for your operating system. It enables communication between the device and the Trezor Wallet application in the browser. During installation, you will need to unplug the device from the cable and plug it in again.
  4. Go to the official Trezor website again and select your device. Download updates from the official website. Once the update installation is complete, you will need to reconnect the device again.
  5. Set up your wallet on the official Trezor website in the Trezor Wallet app. The site has Russian language support. Write down the SEED phrase, set the PIN code and wallet name following the instructions on the website.

You can use the Trezor Wallet app or Trezor Suite to create and set up a wallet. Both applications are official and developed by SatoshiLabs.

Making payments

Once you have initialized your TREZOR, your wallet is ready to use. You should now see a screen like this:

Using the secret phrase from the recovery sheet, you can register as many accounts in the device as you need. You can bind an unlimited number of public keys of your wallets to them.

When you click Account #1, you will see a blank Transactions tab. It's time to transfer your bitcoins to safe storage in TREZOR.

Select the "Receive" tab to receive your first Bitcoin address, which looks like a long string of numbers and letters. If you will be transferring bitcoins from a mobile wallet, simply scan the QR code shown next to the address.

When the payment arrives in your wallet, you will see a green incoming button opposite the transaction.

First the transaction will be o. She can remain in this status for up to 15 minutes. When it is confirmed by the miners, the inscription will change to the date and time the transaction was completed.

To make your payments, go to your TREZOR account page and click “Submit”. You will see a payment page in which you will need to fill in the following fields:

  • the destination address for your transaction;
  • type of coin;
  • payment amount;
  • set a commission.

You can monitor the progress of your outgoing transactions from the Transactions window, all outgoing transactions will be marked in red.

How to bypass the 10 account limit?

The trezor.io interface has a limit of 10 accounts. This means that the user cannot create more than 10 accounts within the same cryptocurrency. Most likely, this was done in order not to slow down the device when calculating keys and displaying data in the interface.

To get around this limitation, you should use a passphrase, which will allow you to create additional accounts and addresses based on a single mnemonic phrase. A passphrase overcomes this limitation.

Is it possible to restore a wallet?

If you accidentally forgot your PIN, you can reset it by clearing your TREZOR through the device's advanced settings and follow these steps:

  1. Connect TREZOR to your computer and go to the TREZOR-wallet application. You should see a page like this with the TREZOR recovery button:

  2. Press the TREZOR recovery button.
  3. Enter the name of your device (if you assigned one).
  4. Look at your recovery card to see how many words you have.
  5. Check the "Additional password encryption" checkbox if TREZOR had a passphrase and click "Continue".
  6. Set a new PIN for the updated device.
  7. After that, you can follow the instructions displayed on the device screen and carefully enter the words from your recovery card.
  8. When you successfully finish entering your passphrase, you will be asked to enter your PIN again. You will then be able to see all your accounts as they were before.

Customer Reviews

Svetlana, 49 years old My husband was drinking shamelessly. Our whole family suffered from this. I regularly get bruises, children are afraid of their father’s violence and pets run away when he “comes on the horns.” In short, this was put to an end after I bought the drug Trezor. I started adding the product to my husband’s food and already on the second day he began to say that something was wrong in his body. Like, I can’t drink, what the hell. )))

Oleg, 55 years old If it weren’t for my health problems, I would have continued to drink cognac. But the doctors forbade it because of the risk of liver shutdown. In general, I took a course of Trezor and now I don’t even think about continuing the alcohol trip. I am glad that I got rid of this addiction and managed to save my life.

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