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Trezor Model T Review 2023- Is it Worth it?

Wondering why people purchase the Trezor Model T? Read through this review to know why the wallet is making a statement in the crypto market.

If you’re familiar with the topic of cryptocurrency in general, you’ve probably heard about Trezor. It is one of the two prominent bitcoin hardware wallet suppliers (the other being Ledger), as well as one of the oldest.

The Model T was released in February 2018 and offers the same high level of security that we’ve come to expect from Trezor, one of the most trusted names in the world of hardware wallets.

It can store the private keys to over 1,456 digital assets, including NFTs. The Model T is also the only hardware wallet with a touch screen on the market today.

Trezor was conceived in 2011 following a Bitcoin conference in Prague. The Trezor Model T, which was announced in 2018, is a significant improvement over the original Trezor One.

Trezor Model T Pros and Cons

Pros

  • A Large Touch Screen display in colour (240x240px)
  • Cold storage for over 1,456 crypto assets
  • Taproot is supported, and you can interact with Bitcoin (BTC) smart contracts.
  • Bitcoin is protected via multi-signature.
  • Easy to use
  • Taproot is supported, and you can interact with Bitcoin (BTC) smart contracts.
  • Supports Web browser, Desktop OS and Andriod
  • Transactions in Trezor Suite can be anonymized via the Tor interface.
  • Private Keys are isolated in Trezor Model T with PIN and passphrase protection
  • The Shamir Backup mechanism is included to let you distribute your recovery phrase over multiple locations.
  • You can purchase cryptocurrencies with fiat and exchange them within the wallet.
  • Can use MoonPay in conjunction with Model T to purchase cryptocurrency with fiat.
  • Can be synced with Exodus Wallet for enhanced usability
  • Supports Ethereum NFTs 
  • Can be synchronized with third-party Web3 wallets like MetaMask for DeFi
  • Top-notch security

Cons

  • One of the more expensive hardware wallets available today 
  • limited mobile compatibility
  • Assets cannot be staked using the native Trezor Suite software.
  • Trezor Suite is unable to manage NFTs.
  • iOS is not supported.
  • Bulky Design
  • Only select cryptocurrencies can be purchased with fiat
  • Losing the 24-word recovery phrase in conjunction with the loss of your device means you lose access to, and therefore loss of, your assets

Trezor Model T Price

Trezor Model T

Trezor’s official website sells the Model T for $219 USD. This places it much more than Ledger’s top-of-the-line Nano X, which costs US$149.

The Model T is also more expensive than Trezor’s entry-level wallet, the Trezor One, which costs US$69.

What’s in the Box

When you open the Trezor Model T, you’ll discover the standard array of wallet accessories, such as a USB-C cable for charging and connecting the device to a computer or phone.

Trezor also sells a few accessories for the gadget separately, such as alternative charging/sync cords and lanyards.

Here’s a complete list of items that comes with the box:

  • Trezor Model T device with a holographic seal over the connector
  • USB-C cable
  • Getting started card (package)
  • Model T magnetic dock
  • 2 recovery seed cards
  • 4 Trezor stickers

Where to Buy Trezor Model T in the US

Purchase the Model T from Trezor’s website rather than a third party to avoid the possibility of someone tampering with your device before it reaches you.

Trezor’s website includes a list of authorized resellers who sell the Model T. These are the only ones you should consider if you decide to buy from a reseller.

Trezor Model T Security

The Model T’s major hardware security measure is its ARM Cortex-M4 embedded-arm CPU running at 168 Mhz.

Because the key technologies used by Trezor are entirely open-source, including its physical hardware, anybody is able to review and test the code to find weaknesses.

You can utilize the Shamir Backup system to protect the assets on your Model T.

This system distributes your recovery phrase among up to 16 shares, allowing it to be broken up and secured in multiple locations.

Best Features of Trezor Model T

Trezor Model T contents

The Trezor Model T boasts a big touchscreen display with full color, which the Ledger Nano X lacks. Many Tezor Model T evaluations mention the touchscreen as the device’s key selling point.

The touchscreen makes entering pin numbers and reviewing crypto addresses much easier.

The Trezor Model T is more expensive than Ledger’s flagship Nano X, but it provides consumers with significantly more power.

Trezor’s website (Trezor Support) provides detailed instructions that lead customers through the entire purchasing and exchange process.

Furthermore, Model T is used for U2F and FIDO2 authentication techniques; additional information on this can be found in the security section.

Potential Deal Breaker

The primary disadvantage of utilizing the Trezor Model T cryptocurrency hardware wallet is its high cost.

Unlike software wallets, which merely require transaction fees to trade assets and tokens, the Trezor Model T costs $215 before tax and delivery.

Someone who is new to cryptocurrencies or simply prefers the security of another wallet may want to spend that money on collecting extra tokens and assets rather than merely using a free software wallet.

Aside from the price, there are a few drawbacks to the Trezor Model T, which is incredibly secure and allows users to acquire and swap assets within their app. Users who desire an iOS wallet must also look into other options.

The only other potential disadvantage, as with other software and hardware wallets, is that losing your recovery phase without backup results in the loss of your assets.

Comparing Trezor Model T and Ledger

Since the Trezor Model T is the company’s flagship model, it can be compared to the Ledger Nano X, which is Ledger’s flagship hardware wallet model.

The touch screen on the Model T is its greatest distinguishing feature, which the Ledger Nano X lacks.

The Ledger Nano X, on the other hand, supports 5,500+ cryptocurrencies and tokens, whilst the Model T only supports 1,456+. 

Additionally, the Ledger Nano X is Bluetooth-enabled and iOS-compatible, whereas the Model T is neither. Trezor claims that omitting Bluetooth is purposeful since it makes its devices more secure.

With its Shamir Backup system and multisig signing, the Model T adds an extra degree of security to your digital assets.

Conclusion

Trezor, as said in the introduction to our Trezor Model T review, is one of the leading brands when it comes to secure bitcoin storage.

The Model T proves this even further – it’s an incredible piece of hardware that provides its user with the best crypto security features, so yes it is definitely worth it!

FAQs

Is the Trezor Model One Worth it?

 Yes, The Trezor One is also a great option for storing bitcoin cash

It is very secure and one of the most reliable wallets in the crypto-currency world

Bitcoin, Ethereum (and all ERC-20 tokens), Cardano, Litecoin, Ethereum Classic, XRP, Dogecoin and other coins.

As long as you have your Trezor’s secret recovery phrase in the form of the 12, 18, or 24-word phrase, you can restore your funds on a new device.

A device with a missing, destroyed hologram or a glue residue should be considered as tampered with.

Trezor hardware wallets are the most secure and dependable option to store Bitcoin and cryptocurrency assets offline. 

Yes, they can store cryptocurrencies of all types even NFTs

No, you can’t.

Going through the “ Operating Conditions and Care” requirements, you are advised not to expose the trezor to extreme temperatures including fire, water, sand, vapors, humidity, or chemicals.

Yes, they can be returned, provided they are in rhe same conditions as when you bought it( not damaged or broken)

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