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Trezor Hardware Wallets

Trezor

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Trezor Hardware Wallets are produced by SatoshiLabs Group,  a leading provider of hardware wallets. Trezor offers the Model One and the Model T, two variants that are very easy to configure and use. 

Open-source from day one, SatoshiLabs is community-oriented and focused on improving cybersecurity practices while accelerating Bitcoin adoption. With an approach to design that carefully balances security, privacy and ease-of-use, while constantly expanding on all fronts.

Trezor wallets support over 1000 cryptocurrencies and also staking. Both Trezor Wallets can be used with Trezor Suite software for desktop and web. 

Let’s take a closer look at the wallets and their advantages.

Trezor Wallet Model One

Trezor Wallet Model One
The Trezor Model One is smaller than the Model T wallet. As the name suggests, the Model One is the first hardware wallet launched by SatoshiLabs. It has an appealingly large screen (128x64 pixels) compared to other products. The screen displays the information in black and white (monochrome). The Model One has two buttons that allow you to navigate through the menu of the wallet.

Trezor wallets are generally very easy to use and can be configured within 10min with the Trezor Suite software. Compared to other wallets, Trezor Wallet is very fast and comfortable to use. 

All processes run internally on the wallet’s own onboard CPU. This keeps all trusted data protected and isolated from the internet. Key generation, key derivation, transaction signing, and more are secured by the wallet.

An interesting point regarding the operating software of the hardware wallets is that Trezor has implemented this as open-source software for all models.

What sets Trezor apart from other competitors is that access to the device is granted via SSH. This is especially exciting for technology enthusiasts and nerds since they can access the device via specially created software, for example. The above-mentioned open-source paired together with the SSH access allows you to write your own software and connect with the Trezor wallet via SSH. That is an outstanding advantage compared to other competitors in the market!

Another example shows this even more clearly. The universally popular Exodus software wallet can offer real added value in terms of security and extended functionalities through interaction with the Trezor wallet. This means that you are not necessarily tied to a software package provided by Trezor. 

If you look at the list of supported tokens on the trezor.io site, you can see that the Model one supports around 1810 coins and tokens, which is around 6 less than the Model-T.

However, Cardano (ADA), Ripple (XRP), and Binance Chain (BNB) coins are not supported, which may be of interest to some investors.

Recovery of pin and passphrase can be done through mobile or your computer but not on the wallet itself (only possible with Model T). 

Capacity: TrezorModel One can store around 1810 tokens and coins (see list of supported coins: https://trezor.io/coins/

Integration: Open-source software allows a wide range of integration possibilities. Partnership with Exodus Software Wallet 

Connector: USB-A to USB-C

Price: US$ 77.00 

Color:  Available in black or white

Trezor Wallet Model T

Trezor Model T lifestyle1

The Trezor Model T hardware wallet is the bigger brother of the Model One and also the company’s flagship model. It is the most advanced wallet produced by SatoshiLabs. The device size is bigger than the Model One and also a little bit heavier.

Unlike the Model One, the Model T has a larger (240×240 pixels) full touchscreen which allows the wallet to work without buttons. Also, compared to the Model One screen, this is a color screen. It also has a more powerful processor than its smaller brother. 

As with the Model One, all processes run internally on their own onboard CPU and serve the user with the benefits of open-source software and SSH access to the wallet.

Although the features of the Trezor Model T overlap a lot with the Trezor Model One the Model T has a few extra features in place which also justify the higher price.

The wallet supports all coins and tokens listed on the trezor.io website, in a total of 1816 including ADA, XRP, BNB, EOS, XTZ, and XMR. 

Shamir backup,  a new standard for recovery seeds delivers the only secure way to split a recovery seed into multiple shares.

Recovery of pin and passphrase can be done through mobile, computer, and additionally on the device itself which is not possible with The Model One. 

Another interesting feature is to have a slot for a microSD card on the Trezor Model T hardware wallet.  

All these additional features are of course reflected in the price, which should be well considered in relation to output and use. 

Capacity: Trezor Model T can store around 1816 tokens and coins (see list of supported coins: https://trezor.io/coins/

Integration: Open-source software allows a wide range of integration possibilities. Partnership with Exodus Software Wallet 

Connector: USB-A to USB-C

Price: US$ 280.00 

Color:  Black

Let's compare both Trezor Models

Model One Model T
Capacity
1810 Coins/Tokens
1816 Coins/Tokens
Display
Monochrome + 2 Buttons OLED - 128x64 pixels
Full-Color Touchscreen LCD 240x240 pixels
Pin, Passphrase, Recovery
Computer, Mobile
Trezor Device
Bitcoin-only Firmware
YES
YES
Shamir Backup
NO
YES
Password Manager
Encrypted on cloud
Encrypted on cloud
U2F Authentication
YES
YES
FIDO2 Authentication
NO
YES
GPG Encryption
YES
YES
SSH
YES
YES
On Trezor Data & File Encryption
NO
Coming Soon
MicroSD Card
NO
YES
Premium Support
YES
YES
Design & Built in EU
YES
YES
Size (mm)
60x30x6
64x39x10
Weight
12 g
22 g
Price in US$
77.00
280.00

Content Box 

Trezor Model One Trezor Model T
- 1x Trezor Model One Device
- 1x Trezor Model T Device
- 1x Micro USB cable
- 1x USB-C cable
- 2x Recovery seed card
- 2x Recovery sheet
- Trezor Stickers
- Trezor Stickers
- 1x Model T Magnetic Dock

Conclusion

In the current post, we compared both hardware wallet models of SatoshiLabs,  the Trezor Model One, and Trezor Model T. Without a doubt, Trezor is one of the leading hardware wallets for cryptocurrencies and we can recommend buying it. The exact need should be clarified when making a purchase.
 
As you can see from the price, the difference between the two models is a whopping US$200.00. The disadvantage of the Model One is that two rather large projects and their currencies, Cardano (ADA) and Ripple (XRP) are not supported. This would require a purchase of the Model T. The Model T can also score with a touch display, the Shamir Backup, and offers the option of inserting a microSD. Whether this fact justifies the higher price is up to the prospective buyer.
 
What really sets Trezor wallet apart from other competitors is the open-source approach. This allows technology enthusiasts, but also other service providers such as software developers to constantly develop the software in the community, but also to develop their own products in a partnership or use the Trezor Wallet. The partnership with the ever-popular Exodus Wallet is an excellent example.
 
We can easily say that both, Trezor Model One and the flagship Trezor Model T are two hardware wallets that have many advantages. Whether you want to spend US$ 280.00 for the Model T depends a bit on how big your coin portfolio is and how much you want to use the additional features.
 
For further information please visit the website of Trezor under https://trezor.io

By Dindu

Passionate Crypto Blogger

We have made it our business to provide interested crypto beginners with the necessary background knowledge about the world of cryptonomics to get a better picture of this exciting world. Come along and dive with us into the world of cryptos!

Dindu

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