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Trezor Review 2024: Are They Safe & Legit – Or a Scam?

Crypto Wallet
Trezor
Favicon
3.8/5
  • Store 100+ cryptos
  • Cutting-edge security measures
  • Storage capsule for data
Go to Trezor
United States of America
Customers from the US accepted
T&Cs apply, 18+
Details
Payment Methods
User Reviews

Welcome to our Trezor review. Take a look below to see why this could be the hardware crypto wallet that you’ve been waiting for!

The good news is that there are two Trezor wallets that both offer you a safe and convenient way to manage your crypto assets. So should you get the Trezor One, the Trezor Model T or a completely different hard wallet? There’s only one way to find out and that’s to read our Trezor review below!

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Trezor: Pros & Cons
  • Large number of cryptos supported
  • High security level
  • Trusted hardware wallet
  • More expensive than competitors
Trezor
3.8/5
Trezor Crypto Wallet
T&Cs apply, 18+
Go to Trezor
Trezor Highlights
  • Store 100+ cryptos
  • Cutting-edge security measures
  • Storage capsule for data
Payment Methods
Mastercard
Visa
Accepts Customers from
USA
USA
Company
SatoshiLabs s.r.o.
Founded
2013
Website
trezor.io
Phone
420 774 555 756
Overall Rating
3.8/5
  • Usability, Look & Feel
    3.6/5
  • Payment Methods
    3.7/5
  • Customer Service
    3.8/5
Payment Provider Safety
Mastercard high
Visa high
No review posted yet.
User Rating
0/5
5 Stars
0%
4 Stars
0%
3 Stars
0%
2 Stars
0%
1 Star
0%
Last Updated on 02/07/2024

Why are hardware wallets so popular?

You’ll know that cryptocurrencies can be very valuable, but they can also be vulnerable to all manner of attacks. This is because any information stored online – including your crypto assets – can easily be copied and stolen. As a result, any of the online exchanges that provide crypto wallets in the form of a hot wallet will be at the risk of hacking.

Similarly, you may have a soft wallet in the form of software installed on your tablet, smartphone or computer, and because these devices are always connected to the internet, it is relatively straightforward for a hacker to come and steal your digital assets.

This is why many people choose to use a hardware wallet like the ones discussed in our Trezor review. The fact that your crypto assets are kept on a separate hardware device means that your cryptos can’t be hacked and won’t suddenly vanish. So if you’ve spent hours getting your assets on the best crypto mining platform, a good hardware wallet should be able to keep them safe.

A Trezor wallet is basically a small computer that you use to keep your private keys away from the risks that you get if you store your cryptos on a regular computer or mobile. Each crypto transaction that you make will be made directly on the Trezor device away from the dangers of the internet. The screen on the Trezor device will let you check things like the address, amount, fees and so on before you send your money. So let’s have a closer look at how these wallets work.

Company
Company SatoshiLabs s.r.o.
Headquarter Kundratka 2359/17a, 180 00 Prague 8, Czech Republic"
Year of Founding 2013
CEO Marek Palatinus
Website trezor.io
Available Languages -
Customer Support
Email [email protected]
Phone 420 774 555 756
Licence
Verified by -
Payment Methods
Mastercard
Visa
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User-friendliness – Nicely designed wallet found in our Trezor review

While your online security is at the core of these Trezor wallets, they are also wonderfully intuitive to use. It’s evident that a lot of thought has got into making each wallet convenient to use and everything feels well-built. Overall, Trezor is safe and legit.

Both the Trezor One and Model T are robust enough to manage the occasional drop and you should feel confident that they aren’t just going to fall apart. The Trezor One has a pretty basic but functional monochrome display and there are two buttons for navigation. This contrasts with the Trezor Model T that benefits from a full color touchscreen and also has a microSD card for added security.

We should note that while the Trezor Model T is pegged as the premium choice, both devices are easy enough for complete crypto novices to use and we managed to set up our wallets in around 10 minutes. So regardless of whether you are new to cryptos or have plenty of experience, Trezor should be a good fit for your needs.

Software - Excellent software discovered in our Trezor review

The hardware of the Trezor wallets are only half of the picture and it is the underlying software where Trezor really shines. By firing up the Trezor Suite, you’ll get a convenient place to manage all of your stored crypto assets. You’ll see all of your tokens organized into different accounts so that you can keep track of your overall quantity of Bitcoin, Ethereum and so on. There is also an overall portfolio value page that you can check to see how much your assets have grown over the past week, month, year and so on.

The Trezor Suite is also the place where you’ll be sending and receiving your crypto assets. It’s very simple to send cryptos as you just have to paste in the recipient address, and then you can input the crypto amount and see its relative value in a fiat currency like US Dollars. The best bit is that you can toggle between different fees you have to pay for sending your money and the approximate delivery time will be displayed accordingly. Once your payment has been sent, you’ll get a confirmation of where the cryptos were sent and what the fee was. There will also be more useful information regarding delivery times, fee level, broadcast, RBF and so on.

Other cool features include the ability to avoid any phishing attempts as your Trezor device will be able to tell if the receiving address has changed. Plus you can even sign and verify messages directly from Trezor.

This desktop app is wonderfully intuitive despite all of the enhanced security and privacy features. Plus it’s nice to see that Trezor will be providing regular updates to ensure that performance remains up to par. The overall design also has handy features that allow you to compare the current market rates of your cryptos so that you can buy, exchange and send your coins directly from within the wallet.

Payment methods - Trezor

You have two types of payment methods available when purchasing your Trezor crypto hardware wallet from the website directly. Firstly, you can pay with their bitcoin or litecoin by using Confirmo at the checkout. Trezor clearly advises customers on their website not to make cryptocurrency payments directly from an exchange. Doing so may result in underpaying, which would in turn cause the transaction to fail completely.

Mastercard
Visa

Fiat currency payments can be made via your credit or debit card by selecting GoPay when at the checkout. The only supported currency for card payments is Euros, so your bank may charge a currency conversion fee if Euros isn’t your account’s base currency. Additionally, Trezor has an official Amazon store and has multiple resellers throughout the world, particularly in countries where importing electronic goods causes issues and expenses when going through customs.

What if something goes wrong? Customer support examined in our Trezor review

Just like the best crypto exchanges, the best wallet brands will always make sure that their customers get all of the help and support they need. You’ll get premium support regardless of whether you purchase the Trezor One or Model T wallets. All of the help you need will be found in the help center where you’ll find a wealth of handy guides pertaining to everything from setting up your wallet to sending your first crypto payment.

We liked the community area that offered a good way to see how other Trezor users are using their wallets and it was fairly simple to find the customer support email address. To be honest, we would have liked to have had some kind of live chat or telephone facility. However, it’s worth mentioning that you can contact Trezor on its social media channels like Twitter and Facebook.

It might not seem massively relevant but Trezor also has a blog that’s well worth reading. It’s a good place to check out what the latest products are from the brand, and you’ll also discover what the forthcoming security updates will be. Plus if you’re really geeky, you can head over to the Dev Corner and see how the boffins at Trezor are keeping their brand ahead of their rivals.

Licensing - Is Trezor Trustworhty?

Trezor is a fully registered and licensed trading company that is based in the Czech Republic. So Trezor is not a scam. As hardware wallets are physical products, Trezor is not a financial services company and therefore doesn’t need to be registered with any such governing bodies. The terms and conditions, and the privacy policy of the e-shop are extremely fair. In terms of security, the company and website are every bit as safe as the hard wallets themselves. We have found nothing to suggest any poor customer experiences in this respect.

Is Trezor safe? The key part of our Trezor review

A big part of Trezor’s appeal is just how secure their crypto wallets are. There’s a standard PIN entry that you’ll have to do on the Trezor device as well as on your computer or mobile. This is doubled up by a passphrase entry on your Trezor and computer or mobile and there is Universal 2nd Factor authentication too. All of these features as well as the device recovery seed and encryption via GPG are common to the Trezor One and Model T.

There’s also a dedicated password manager that can only be accessed through the encrypted storage on the cloud. The good news here is that this password manager can’t be accessed by a single master password. Instead you’ll find that you can only reach it by using a physical button on your Trezor device.

We should note that the Trezor Model T has the bonus feature of the Shamir backup facility that basically lets you have over a dozen recovery shares. Model T users also get FIDO2 authentication on their device.

We loved just how transparent Trezor is in the way that it assesses the security of its wallet. Each model of wallet and every software upgrade is regularly audited by security researchers and the Trezor track record is there for all to see.

What if you lose your hard wallet?  More security found in our Trezor review

Our Trezor review was also pleased to see many more thoughtful security touches added to the brand’s wallets. For example, you’ll get a personal recovery seed that you can use to regain access to your digital assets should you lose your hardware. This recovery seed comes in the form of a 12 to 24-letter long word that will unlock your backup wallet.

The seed is automatically generated as soon as you first launch your Trezor wallet and it will be completely unique for your account. Just so you know, the seed is based on the same encryption standards used by SatoshiLabs so it’ll be compatible with a variety of apps and be hack-proof too. It’s something that no one will want to go through, but thankfully the whole process is fairly simple and shouldn’t take longer than a handful of minutes to put right.

Is Trezor legit? Getting to know the brand

It’s important to note that Trezor isn’t a small-scale operator who’s just entering the crypto wallet realm. It is a brand that has been one of the key players in the crypto wallet industry ever since it started operations in the Czech Republic back in 2013. As such, Trezor has got the seal of approval from many industry heavyweights ranging from Forbes and CNN to some major crypto exchanges.

We also found that Trezor enjoys a pretty good reputation across the internet. The majority of customer reviews we found were of the opinion that the Trezor wallets were definitely worth the money. As such, we can see that Trezor could be the brand of choice for many crypto advocates. The only negative opinions that we saw were that the Trezor Suite didn’t yet have the functionality for accepting certain coins, but we’re guessing that these issues have been ironed out by now.

Crypto Wallet - Trezor

Cryptocurrencies

With the Trezor hardware crypto wallet, you can store over 1000 cryptocurrency coins and tokens. The list of coins that you can store on the various Trezor devices is constantly being updated and can be found on their website. As well as the likes of bitcoin, Ethereum and litecoin, you will also find a range of niche altcoins and tokens as well.

It’s important to remember that with both hardware and software crypto wallets, you are essentially storing your keys to the blockchain, rather than the currency itself. That is why you will find that the majority of crypto wallets support a large number of currencies in 2024. Even considering this though, Trezor is an impressive product.

Jurisdictions

Thanks to the e-store and licensed resellers, you are able to buy a Trezor hard wallet from anywhere in the world. If you are located outside of Europe, then we recommend looking for a licensed reseller in your home country if possible. This will result in lower shipping times and fees, and could also help you to overcome difficulties with customers, especially in countries such as Brazil and the Philippines.

Fees

If you buy your product online, you will have to pay shipping fees for the product, depending on where you are located. Additionally, VAT is paid on all purchases, however, this is already included in the advertised price and merely broken down for you on the receipt. While there are no other fees charged by Trezor, we should point out that your bank may charge a currency conversion fee (if EUR is not the base currency). Additionally, some countries may charge an import charge if the customs laws for electronic goods are strict.

Product summary and conclusion

Overall, it’s not at all difficult to see why this is considered to be one of the best crypto wallets in the world today. The security level is extremely high and the range of coins and tokens supported cannot really be rivaled anywhere. The only real downside is that this is reflected in the price. Trezor is more expensive than most of its competitors. However, in this case, it’s true to say that you get what you pay for.

Trezor
3.8/5
Trezor Crypto Wallet
T&Cs apply, 18+
Go to Trezor
Trezor Highlights
  • Store 100+ cryptos
  • Cutting-edge security measures
  • Storage capsule for data

Trezor review FAQ

💪What’s best: Trezor v Ledger?

Make sure that you read our Trezor review where we will put this crypto wallet against other wallets like the one found in our Ledger review. By reading this review, you’ll be perfectly set up for seeing which wallet offers you the greatest amount of security while also granting you the flexibility to control your digital assets as and when you want.

🔐How do I get a Trezor login?

Check out our Trezor review that will explain exactly how you can use this wallet. This means that you’ll quickly understand how you can set up your Trezor account and get your login and from here we’ll show you how you can add funds to your wallet. Don’t forget that we also have an in-depth guide that shows you how crypto hardware wallets work in general.

💰What are the Trezor supported coins?

Read our Trezor review to see what coins are supported on this hardware crypto wallet. After all, the best crypto hardware wallets will tend to support dozens, if not hundreds, of coins. So our review will give you the lowdown on whether Trezor’s wallet gives you the flexibility you need to adequately protect your digital assets – whatever types of coin they are.

📱How does the Trezor wallet app work?

Be sure to read our Trezor review where we will examine exactly how this crypto wallet works. This means that you’ll get to see how you can set it up and use it to safely store your digital assets. Our guide will keep things simple and avoid too much annoying jargon, and don’t forget that we also have guides that can explain how crypto leverage trading works too!

❓Is the Trezor Model T any good?

We’ve prepared an honest and in-depth review of all of Trezor’s wallet products – including the Trezor Model T. So make sure that you read our Trezor review to see how these wallets work and of course we’ll give you our unbiased verdict about whether Trezor’s wallets are any good. Perfect for seeing if you need to use crypto wallet hardware vs software.

Conclusion - Highlights from our Trezor review

With more and more of us starting to use blockchain technology either through buying coins, using a crypto lending platform or trading NFTs, it’s clear that we’re relying more and more on technology to keep our assets safe. Thankfully our Trezor review found that this brand’s hard wallets are more than up to the task.

Both the Trezor One and Trezor Model T offer you the highest levels of security so that you can manage your crypto assets with confidence. Plus it’s nice to know that Trezor has quality customer support and a handy back-up seed in place should something go wrong.

Obviously, Trezor’s products aren’t the only wallets on the market, and you should definitely check out what we found in our Keystone review. But on the whole, we’ve been impressed with what we found in our Trezor review and you should give their crypto wallets a closer look.

Trezor
3.8/5
Rating
Go to Trezor
Highlights
  • Store 100+ cryptos
  • Cutting-edge security measures
  • Storage capsule for data

User Reviews for Trezor

No review posted yet.

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Crypto Wallet
Trezor
Favicon
3.8/5
  • Store 100+ cryptos
  • Cutting-edge security measures
  • Storage capsule for data
Go to Trezor
United States of America
Customers from the US accepted
T&Cs apply, 18+
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