When investing in the crypto market, few things are more important than a secure, trustworthy, and user-friendly wallet.
Even fewer things are more important than a crypto hardware wallet, thanks to the enhanced security and privacy of the cold storage feature.
So today, we will discuss one of the most popular hardware wallets on the market, Trezor, to see what makes it special.
For a more comprehensive analysis, our Trezor wallet review will look at features like security, pricing, reputation, supported assets, and ease of use, to give you a better understanding of the available services.
Let’s dive right in.
What is Trezor Wallet?
Trezor Wallet isn’t just one of the most trusted cold storage wallets; it was the world’s first, setting the standard for crypto security.
It began as a concept in 2011, developed by Pavol Rusnak and Marek Palatinus. After founding SatoshiLabs and launching a successful crowdfunding campaign, they released the first device in 2014.
Since then, SatoshiLabs has become a name synonymous with innovation, after creating Trezor and the Shamir Secret Sharing backup protocol, or SLIP-39.
Over the years, Trezor Wallet has established itself as a milestone in the crypto industry, earning multiple accolades thanks to its innovative features and achievements. Some of these include:
- Featured in TechRadar in 2022 as the most popular crypto wallet for being fully open-source, its ease of use, and the over 1,600 supported coins
- Featured in NFT Insider as the ‘Best Hardware Wallet in 2025’ thanks to its cross-device compatibility, enhanced security, with both PIN and passphrase protection, and the open-source software
- Featured in Coin Bureau as ‘The Best Value for Security,’ with Trezor Safe 3 offering a higher security rating, over 8,000 supported coins, and Web3 compatibility
Today, Trezor Wallet enjoys the trust of over 2M clients worldwide and has experienced a surge in sales in November 2024, thanks to Bitcoin’s rally following the US elections.
How Does Trezor Wallet Work?
Trezor Wallet is very user-friendly and easy to set up and use. Here are the steps to follow if you’ve never used Trezor before:
The Setup Process:
Once you’ve connected your Trezor device, click ‘Set up my Trezor’:
Next, go to ‘Install Firmware:
With that complete, you can now create your first wallet and set up the seed backup according to the instructions.
Check the three boxes and hit ‘Begin backup,’ which will prompt the device to generate a list of words. Write them down in the same order on your recovery seed card.
With the backup process complete, the next step is creating a PIN for enhanced security:
After choosing your PIN, you will then receive a prompt asking you to confirm it, which will complete the setup process.
At this point, you can use all of Trezor’s features to receive, send, store crypto, and access your funds. The same setup process applies to all Trezor devices regardless of the model.
Trezor Wallet’s Advantages and Disadvantages
Like any other wallet, Trezor has its advantages and disadvantages, and knowing what to expect is essential before trusting the service with your funds and personal information.
The following pros and cons result from real-world use and testing, so you can trust their accuracy.
Pros
- Secure hardware storage: Trezor’s cold storage keeps your coins disconnected from the internet, making hacking almost impossible. The device also comes without any preloaded software for a plus of security.
- Compatible with a large pool of coins: Trezor offers access to a pool of over 9,000 coins, ensuring high liquidity and a lot of investment opportunities.
- Easy-to-use UI (User Interface): Trezor’s interface is beginner-friendly and intuitive, allowing for easy navigation and a great overall user experience. This point is key for newcomers who’ve never used a crypto wallet.
- Excellent reputation in the crypto community: Trezor enjoys a thick 4.5/5 on TrustPilot, with the vast majority of users praising the device’s overall functionality and the promptitude of the customer support department.
Cons
- Pricier than other alternatives: Trezor is slightly pricier than similar services, which could qualify as a con if you specifically care about the price. That being said, the wallet’s features and security offset the costs.
- Limited app support: Trezor lacks native DeFi and Web3 integrations, unlike some of its competitors. If you want DeFi access, you need external sources like MetaMask and other compatible wallets.
Trezor Wallet Key Features
Trezor currently enjoys strong community support, resulting from years of improvements and updates. The wallet’s core features have undoubtedly contributed to that, catapulting Trezor on the list of the most popular crypto wallets of 2025.
These include:
Multi-Layered Security
Trezor employs multiple layers of security like offline key generation, PIN and passphrase, and the trademark Shamir’s Secret Sharing (SSS) backup.
The Shamir backup is particularly exciting, as it uses advanced cryptography to split your recovery key into multiple shares, which you can use to regain access to your wallet.
A recovery key encrypted with SSS is still salvageable even if you lose some of the shares, whereas losing an unencrypted recovery key can sometimes mean losing access to your wallet altogether.
Multi-Currency Support
Trezor supports over 9,000 coins, including $BTC, $ETH, $LTC, $BNB, and several thousand ERC-20 tokens. The vast pool of tokens comes with many investment opportunities and robust liquidity, ensuring fast trading.
App Integration
While Trezor doesn’t come with native DeFi or Web3 support, it does come with app support for names like MetaMask and Rabby for DeFi bridging and interconnectivity with NFT ecosystems.
Options like Exodus and Wasabi Wallet are also in place for those needing enhanced privacy.
Backup and Recovery Options
Trezor utilizes the standard seed phrase backup, but pairs it with Shamir’s Secret Sharing (SSS) protocol for enhanced security.
No cloud backup available, but that’s by design. While cloud-based backups add extra comfort, knowing that you have an additional recovery mechanism to fall back on, they’re also vulnerable hotspots that defeat the purpose of a hardware wallet.
Trezor Wallet Pricing Breakdown
Trezor comes with multiple products, each with their different price, profile, and utility based on your needs.
Here’s a comprehensive breakdown of the main products by price and features:
| Product | Price | Main Features | Package Contents |
| Trezor Model One | $55 |
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| Trezor Model T | $145 |
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Trezor stickers |
| Trezor Safe 3 | $89 |
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| Trezor Safe 5 | $190 |
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| Trezor Safe 3 Bitcoin-only | $89 |
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| Trezor Safe 5 Bitcoin-only | $190 |
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Trezor Wallet’s Security Features
Trezor employs a multi-layered security protocol consisting of several features as follows:
- Cold storage: Trezor devices are cut off from the internet, eliminating the hacking risks associated with web-related vulnerabilities like data leaks, phishing, and direct attacks.
- PIN protection: The PIN is your device’s first defense against unauthorized access. You can customize your PIN with up to 50 digits to make the most of it.
- Passphrase: The passphrase is an additional security layer against any unauthorized access
- Shamir’s Secret Sharing (SSS): Splits the recovery key into multiple shares for enhanced security. The system allows you to regain access to your wallet even if you lose one or multiple shares.
- Bitcoin-related Taproot: The Taproot system secures and anonymizes Bitcoin transactions by batching multiple signatures and transactions together, improving transaction speed and making tracking transactions across the blockchain more difficult.
- Tor protection: Tor protects your online activity, masks your transactions, hides your identity, and reduces the risk of data leaks.
- The Secure Element: Trezor’s Secure Element is an embedded chip with two key roles: verify your device’s authenticity to make sure you haven’t received a forgery and enhance your Trezor’s PIN protection.
- Open-source design: By relying on an open-source design, Trezor benefits from the community’s input regarding its security and performance.
- User-controlled recovery key: The backup recovery seed or the mnemonic phrase is user-controlled only; no third-party or cloud storage is involved.
It’s also worth noting that Trezor has no recorded hardware breaches to date, which is a testament to the device’s resilience and reliability.
The only security violations associated with Trezor in any way relate to third-party breaches, such as:
- Mailchimp Phishing Incident, April 2022: An unknown attacker compromised Trezor’s Mailchimp newsletter service and sent fake data breach warnings to users, redirecting them to a fake Trezor Suite app in the hopes of stealing their recovery seeds.
- Support portal breach, January 2024: Undisclosed attackers targeted Trezor’s ticket support system, leaking the contact information of roughly 66,000 users. The users’ funds were not compromised, but they did receive phishing emails as a result.
Trezor immediately informed the users about the breaches in both cases and patched the problems.
As an honorable mention, Trezor lists a comprehensive timeline of its security breaches and bugs and the fixes the team has implemented shortly after.
The devs are also committed to continuous improvements in the security department, and the Bug Bounty program is proof of that. Trezor offers Bitcoin rewards to anyone who can identify and report system vulnerabilities to the Trezor security team.
How User-Friendly is the Trezor Wallet?
Trezor Wallet finds the perfect balance between user-friendly and medium-to-advanced features. The setup process is straightforward and clean, and it is easy to understand even by users who’ve never used a crypto wallet before.
The wallet’s UI is also fairly intuitive, with clear visual cues regarding vital features like sending, receiving, and managing assets, allowing for easy navigation and little to no confusion.
More advanced users will find the wallet even easier for obvious reasons.
The Trezor Suite Lite app, available for Android and iOS, is another welcome addition, allowing you to monitor your assets on the fly for extra convenience.
⚠️ Important note: Trezor Suite Lite is in view-only mode. This means you can monitor your assets and accept incoming funds, but not send any. You need to connect your Trezor hardware wallet to your mobile device to do that.
This is one of the reasons for the negative reviews, as users were expecting a fully fleshed-out wallet app. Fortunately, it seems that the devs are aware of the shortcomings and are working to bring in more features to the mobile app.
Trezor Wallet vs Other Crypto Wallets
Any respectable Trezor hardware wallet review should create parallels between Trezor and other available services to offer a bird’s-eye view of how it compares regarding security and overall features.
And, since this is one such review, let’s look at the main differences between Trezor Wallet and some of its toughest competitors:
| Wallet | Standout Features | Best for | Reputation | Downsides |
| Trezor Model T |
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Lacks DeFi and Web3 support |
| Ledger Nano X |
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The firmware operating on Ledger devices is closed-source |
| Cypherock X1 |
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One of the pricier options on the market at $159, discounted from $199 |
| KeepKey |
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Lags behind other wallets in terms of updates and supported coins |
| Ellipal Titan |
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Bulky and uncomfortable to wear, compared to other options |
Trezor vs Ledger: A Detailed Comparison
Both Trezor Wallet and Ledger are some of the most popular hardware wallets on the market with millions of users and an almost-impeccable reputation in the community.
This means that, when discussing a Trezor vs. Ledger comparison, we must look at core features like usability, security, and coin support.
So, let’s look at them:
⚙️ Usability:
Ledger – Ledger’s sleek and minimalist design makes it easy to operate, store, and wear. The device comes with physical buttons and offers a seamless UX for ease of use. It’s fit for both beginners and advanced users alike.
Ledger Live comes with a more intricate and polished interface, which is fine for tech-savvy users, but not so much for newcomers. Ledger Nano X supports Bluetooth, making it an excellent choice for on-the-road usage.
Trezor – Trezor is also petite and comfy to use, but it comes with a touchscreen for the Trezor Model T, which is a welcome upgrade. The UI is user-friendly and clean, which makes it more fitting for newcomers, including those who’ve never used a hardware wallet before.
The Trezor Suite app streamlines the onboarding experience and is intuitive and user-friendly overall.
Trezor lacks WiFi, Bluetooth, or NFC (Near-Field Communication) support, which limits its usage flexibility, but scores additional points on the security ladder.
🔐 Security:
Ledger – Uses closed-source firmware and the Secure Element (EAL5+) for its private key security. Ledger’s security model relies on the principle of security-through-obscurity as a defensive layer and uses third-party audits to grade its performance in this department.
Ledger was involved in a massive data breach in 2020, leading to over 1M email addresses being leaked, along with the personal information of approximately 272,000 Ledger users.
In terms of security features, Ledger uses offline storage to protect your assets, along with the Secure Element chip, which encrypts the private key. The trademark BOLOS operating system also has native security measures in place to protect your personal data and activity.
Finally, the Ledger Donjon team consists of white hat hackers empowered with the responsibility to test and scan Ledger’s systems for any potential vulnerabilities.
Trezor – The open-source code allows for community review and testing, which contributes to a more robust and fail-safe security system.
Shamir’s Secret Sharing (SSS) protocol secures the private key by splitting it into multiple shares, making it more difficult to lose it and rendering it almost impervious to hacking.
Trezor hasn’t been involved in any major data leaks or hacking incidents, which is why it has a reputation as one of the safest hardware wallets on the market.
Regarding its overall security, the wallet offers features like cold storage, no Bluetooth, WiFi, or NFC support, integrated Tor support for enhanced privacy, and a dedicated Secure Element (EAL6+) for Trezor Safe 3 and Trezor Safe 5.
The Taproot support for Bitcoin wallets is also notable, as the feature allows for enhanced security and privacy thanks to its batched transactions and multisignatures.
🫶 Coin Support:
Ledger – Ledger currently supports over 5,500 coins through its trademark Ledger Live, which also offers direct NFT management.
Trezor – Trezor wallet offers support for over 1,200 coins natively and an additional 8,000+ more via third-party wallets like MetaMask and Electrum.
Reputation of Trezor Wallet – What Are Users Saying?
Trezor ranks as one of the most popular and trusted hardware wallets and it’s easy to see why. Trezor wallet comes with battle-tested, professional-grade security, tons of assets, user-friendly features and UI, and outstanding customer support.
The following Trezor wallet reviews speak volumes about Trezor’s perception in the community:
TrustPilot – 4.5/5 based on 1,136 reviews
You need to scroll for a long time until you find a negative review here. The vast majority of customers praise Trezor as one of the most trustworthy and easy-to-use hardware wallets and have only positive things to say about the Customer Support.
People also mention the user-friendly setup process and the overall feeling of safety and ease of use.
G2A – 4.4/5 based on 14 reviews
While the G2A reviews are a bit outdated, with the most recent one coming from 2022, the users only have words of praise. They mention the wallet’s ease of use, sense of security, reliability, and comfort, given the ease with which they can manage their assets on the fly.
Amazon – 4.5/5 based on 7,591 reviews
Trezor is absolutely booming on Amazon with over 7.5K reviews, the vast majority of them being positive.
Users mention the wallet’s impeccable functionality, user-friendly setup process, top security, and top-notch Customer Support as the most noticeable pros.
Reddit people also love Trezor for its security and ease of use, but, as expected, it’s not all sunshine and roses.
Many users also report various problems, usually of a technical nature, like the faulty native app, Windows not recognizing the device, or the setup process not going through.
Fortunately, these occurrences are fringe cases, and it’s important to note that Customer Support replies to all complaints, no matter how aggressive.
Final Thoughts on the Trezor Wallet
Our verdict is that the Trezor cold wallet has earned its reputation as one of the most reliable and secure hardware wallets on the market.
The wallet’s multi-layered security, including the no-WiFi and no-Bluetooth policy and Shamir’s Secret Sharing (SSS) protocol, vast coin support with over 9,000 entries, and user-friendly interface position the wallet among the best options for crypto aficionados and beginners alike.
The only downsides we could find are the lack of native mobile connectivity, since you can only view your funds, but not perform transactions, and the overreliance on third-party wallets to access most of its tokens.
But you shouldn’t take our word for it. Go to Trezor’s official website and dive into the Learning hub to have a better understanding of the wallet’s specifics and features.
Remember, this is not financial advice, so you shouldn’t take this Trezor crypto wallet review for granted. You should always DYOR (Do Your Own Research) before choosing your favorite wallet, based on your preferences regarding security, overall features, and ease of usage.
FAQs
Is Trezor wallet secure?
Yes, Trezor Wallet is one of the most, if not the most, secure wallets on the market today. The open-source firmware, allowing for community-driven upgrades, cold storage, the SSS protocol, and passphrase protection all come together to form an almost impenetrable wallet.
This is especially evident if we consider that Trezor’s security reputation is pristine, since they haven’t experienced any hacks so far.
Is Trezor a good wallet for beginners?
Yes, the Trezor crypto wallet is a good choice for a beginner thanks to its ease of use, streamlined setup process, and the user-friendly UI.
Which Trezor model is the best for me?
Figuring out which Trezor device model is the best for you depends on your goals and needs. If you only care about the pricing, for instance, you should go for Trezor Model one because, at $55, it’s the cheapest option.
If you want a touchscreen version, Model T and Trezor Safe 5 are your go-to choices.
Ultimately, there’s no such thing as the best Trezor device model, because they all cater to different needs.