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Among the safest storage methods are undoubtedly so-called hardware wallets. The most well-known digital wallets include products from Ledger and Trezor. And Trezor’s bestseller is the Trezor One model. We took a closer look at the hardware wallet and show in this review what advantages and disadvantages the model offers.
Trezor One: Key Highlights
- Supports more than 1,000 coins and tokens
- High security standards through offline storage of private keys
- Compatible with Windows, macOS, Linux, Chrome OS, and Android
- Easy setup, also suitable for beginners
- Popular hardware wallet with a focus on security and ease of use
Features of the Trezor One
The Trezor comes very well packaged. Any tampering on the way to the buyer would be immediately noticeable. Furthermore, its casing is ultrasonically welded. This also means: tampering by opening would be immediately visible to the buyer.
During initial setup, the ease of use and first-time configuration are noticeable. Beginners, in particular, should quickly get to grips with the Trezor One.
In addition, the wallet is one of the so-called multi-currency wallets. It supports well over 1,000 coins and tokens.
The complete list of all supported cryptocurrencies can be found on the official Trezor website.
The wallet can be used with Windows, macOS, Linux, Chrome OS, and Android phones.
The Exterior
At first glance, the wallet somewhat resembles a car key. It has two buttons on the front and a sleek design.
Also on the front of the device is a small display. The OLED screen displays 128 x 64 pixels, which means six lines of relatively small text.
Especially for longer wallet addresses or for users with reading difficulties, this can be somewhat impractical in everyday use.
There is no battery in the device. Therefore, the wallet relies on an external power supply via a USB port.
The wallet is also available in two colors: black and white.
Security of the Trezor One
Hardware wallets are already, by definition, among the safest storage options for cryptocurrencies.
Like many other hardware wallets, the Trezor One also supports the industry standard U2F. This serves, in addition to an access password, as proof of access authorization, for example, for web-based services.
The wallet also offers high protection for stored private keys with modern cryptographic algorithms.
The sensitive data remains directly on the device and is not permanently connected to the internet.
As a result, hardware wallets like the Trezor One are considered significantly more secure than traditional software wallets.
The Password Manager as an Additional Feature
The wallet provides its own password manager Chrome extension.
This makes it possible to securely encrypt and store passwords on Dropbox or Google Drive.
The keys for the passwords are generated directly on the hardware wallet, making it practically impossible for third parties to access these passwords.
Especially for users with many different accounts, this additional function can be quite practical in everyday life.
Pros and Cons of the Trezor One
Let’s now look at the advantages and disadvantages of the Trezor One wallet.
| Advantages | Disadvantages |
|---|---|
| Easy setup | Small display |
| High security standards | No Bluetooth function |
| Supports many cryptocurrencies | No integrated battery |
| Compatible with many operating systems | Wired use only |
| Additional password manager |
Who is the Trezor One suitable for?
The Trezor One is particularly suitable for beginners and long-term investors who want to securely store their cryptocurrencies offline.
Users who value simple operation and a quick setup process should also be satisfied with the wallet.
However, those who value mobile use via smartphone or Bluetooth will find additional features with newer hardware wallets like the Ledger Nano X.
Conclusion
The Trezor One Wallet is one of the most popular and best-selling hardware wallets for good reason.
It is characterized by simple operation and a high level of security. Especially for beginners, the wallet offers an uncomplicated entry into the secure storage of cryptocurrencies.
The additional password manager function can also be very practical in everyday life.
If you can do without Bluetooth or mobile functions, the Trezor One offers a solid hardware wallet with a good price-performance ratio.
To Trezor OneThe big competitor of the Trezor One wallet is the Ledger Nano X. Here you can find the review of the Ledger Nano X.
