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The burgeoning cryptocurrency community was deeply concerned about security even before the Mt. Gox hack brought the industry to its knees in February 2014. Later that same year, two Czech programmers and crypto enthusiasts created a new industry and redefined blockchain security when they unveiled Trezor One, the world’s first cryptocurrency hardware wallet.
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It was a true game-changer that secured assets offline in “cold storage” and out of the reach of would-be criminals. While the original Trezor wallet is still available for purchase, a dramatic upgrade arrived in 2018 in the form of the Trezor Model T.
It remains one of the most popular and trusted hardware wallets on the market — but is it right for you? Here’s a review of the Trezor Model T crypto wallet.
Is Trezor a Good Wallet?
Trezor is not just the oldest hardware wallet. It’s also one of the most secure, proven and popular; however, it’s also one of the most expensive. Keep reading to find out if the cost is worth it for you.
Cost and Compatibility Are the Only Real Cons
With a $250 price tag, cost is the Model T’s primary drawback. A comparable device from a competitor called Ledger, which you’ll read about further down the page, sells for a full $100 less.
The other significant sticking point is compatibility. Trezor supports Android, but it’s not compatible with iOS, which means it won’t work with iPhones. It also doesn’t support Windows Phone. As far as Google device compatibility, Trezor’s website offers this disclaimer: “ChromeOS is not yet officially supported, but it should work via Google’s WebUSB.”
The device does support all major computer operating systems.
There are Far More Pros — and Oh, That Screen
If computer compatibility is enough for you, and if you’re comfortable with the cost, Trezor Model T has no major flaws and a whole lot to love.
The first and most important is its color touchscreen display, which is the best on the market, hands down. Typical hardware wallets have only a pair of buttons that require you to cycle through numbers to enter your pin on a monochrome screen, a tedious and frustrating process that Trezor Model T rendered obsolete. The cheaper Trezor One from 2014 has an old-fashioned monochrome display with two buttons.
The Model T also improves upon Trezor One with the addition of a built-in password, pin, and password recovery manager. With Trezor One, users secured their digital identity through a computer or mobile device.
Finally, Trezor Model T supports more than 1,200 cryptocurrencies, can store NFTs and is known for excellent customer service.
Is Trezor Better Than Coinbase?
Trezor is neither better nor worse than Coinbase, but it is different. Coinbase is a centralized publicly traded cryptocurrency exchange where users can buy, sell, trade, research and store digital assets. Trezor, on the other hand, is a cold-storage wallet built with security in mind.
You Can’t Lock the Coinbase Wallet in Your Desk Drawer
Coinbase does offer a digital wallet, but it’s not comparable to the Trezor One or Trezor Model T because it’s a purely digital software wallet. That’s not to say it’s not impressive. Coinbase Wallet offers top-notch security, supports an enormous menu …….
Source: https://www.gobankingrates.com/investing/crypto/trezor-wallet/