Trezor Model T Cryptocurrency Hardware Wallet Review 2020

Trezor Model T is reliable time-tested cryptocurrency hardware wallet. In this detailed review, we will study its strengths and weaknesses, compare Trezor Model T with Treson One.

Trezor Model T Cryptocurrency Hardware Wallet Review 2020.

Trezor Model T is reliable time-tested cryptocurrency hardware wallet. In this detailed review, we will study its strengths and weaknesses, compare Trezor Model T with Treson One.

About Trezor

Trezor is one of the leading manufacturers of cryptocurrency hardware wallets, founded in 2014 when the cryptocurrency industry was still in its infancy. Trezor hardware wallet was the first bitcoin hardware wallet ever created.

Trezor hardware wallet is the flagship project of blockchain software and security organization SatoshiLabs, which is also the creator of CoinMap. Pavol Rusnák and Marek Palatinus, founders of SatoshiLabs and Trezor, considered the audibility and open source code when designing the Trezor wallet, and rules are still being developed to this day.

Trezor Model T review 2020

Trezor’s security model follows the “zero trust” principle. Essentially, this means that Trezor even expects the safest system to be threatened at some point. Naturally, this has led to a series of hardware wallets provided by Trezor, which are very secure. Trezor often keeps abreast with rival Ledger and its hardware wallet products, and there are often situations like “Pepsi and Coca-Cola” between the two hardware wallet manufacturers. In the past, the demand for Trezor wallets was so high that the original Trezor One hardware wallet was in short supply.

Trezor Model T review

Trezor Model T is a high-quality premium product. It extracts all the best from the Trezor one cryptocurrency bitcoin wallet and enhances it with a series of new features. Trezor Model T is larger than Trezor One, in part because the new full-colour screen occupies most of the front of the device.

Differences between Trezor One and Trezor Model T

Trezor Model T is available in two colours, black and white. Below are Trezor Model T statistics:

  • Dimensions: 64 x 39  x 10 mm
  • Weight: 16g
  • Storage: MicroSD compatible, allows the use of encrypted storage.
  • Connection: USB-C physical type connection (can be connected to mobile devices)
  • CPU: 168 MHz embedded ARM processor.
  • Currency Support: Supports over 1000 coins, including major one’s BTC, ETH, LTC, ETC, BCH
  • Price: ~ $165

Trezor Model T package contains all the basic accessories and detailed instructions for use. The Trezor Model T is also equipped with a magnetic docking station. If you need to grab Trezor in a hurry, you can stick it on the table. 

When unpacking, users will notice that the Model T will have an “integrally sealed” covering the USB port of the device. This is a tamper-proof packaging, and the packaging can also be found on the outside of the box, so you will know if anyone has used the device before. If the packaging is damaged, please return it to Trezor, do not use your device, because it may cause financial losses.

Overall, the T-shaped car looks and feels strong and durable but lightweight. It has a plastic body with an open port at one end for a single USB connection. The 240 x 240 pixel screen has a bright, glossy appearance and is easy to read. The Trezor Model T also has a MicroSD card slot on the side for additional storage as a planned future feature.

Trezor Model T unboxing

Compared with some of its closest competitors, it does not have metal finishes or cases like Ledger Nano X or Ledger Nano S, but users can use special metal editions, such as the 5th anniversary edition of SatoshiLabs. These metal versions definitely have a luxurious appearance, but the price is higher. 

Compared to the Ledger Nano X, the Trezor Model T weighs only half of the weight, and it is an ideal choice for those who want to keep the weight to a minimum.

Setting up Trezor Model T

Launching Trezor Model T for first time

Like its predecessor, installing Model T directly is fairly simple. Through instruction user downloads Trezor Bridge software and install Trezor firmware on their devices. All Trezor models do not come with firmware, please make sure that the latest version is installed when first used to ensure that they will not be attacked by hackers. After installing the firmware, users can now start using Model T to store their cryptocurrencies.

You may notice that although a memory card can be written down, the Model T does not require users to backup mnemonic phrase. This allows to skip the lengthy process of writing phrases when using the Trezor Bitcoin wallet for the first time. Most other hardware wallets will make sure you write down your phrase and then re-enter it to make sure it is done.

 However, Trezor users will be reminded to write down their phrase, although it is not necessary to use it. Nonetheless, it is strongly recommended that you write your phrase before storing any encrypted private key on the device. If you forget the PIN code and lose or damage the device, you may lose funds forever.

Trezor One vs Model T

The Trezor One and Model T have the same basic security features, and there are big differences in accessibility and price.

All in all, this is the main difference between the Trezor Model T and the earlier model Trezor One:

Trezor OneModel T
DisplayMonochromic, with two physical buttons on the body.Colorful touchscreen
Security (PIN, Passphrase, Device Recovery)The Trezor’s One security info should be linked via USB, through mobile or PC.Trezor Model T users can enter their security details on the device through the touchscreen, offering an extra level of protection.
Password ManagementTrezor One users  password is stored in encrypted storage on the cloud.Trezor Model T passwords stored in the cloud. Soon will be added a functionality to store on the device SD storage.
Other FeaturesNo extra storage or encryption on Trezor One.The Trezor Model T has MicroSD storage capacity with Trezor data and file encryption coming soon.

The Trezor Model T touch screen provides enhanced security features through a constantly changing keyboard configuration and allows users to enter their seed phrases directly on the device during the recovery process. The risk of exposing sensitive information on equipment is eliminated. 

However, the screen is too small, which may bring some challenges operating the device. Trezor One uses physical buttons to navigate the menu, which is actually simpler to use, provides the same security standards, and is less than half its price.

Model T security features

How smart locks improve security - iLOQ

Bitcoin wallet security features

In fact, the security of the Trezor wallet was questioned in 2020 because Kraken discovered the main flaw of the hardware. They devised a method for extracting seeds from cryptocurrency hardware wallets provided by industry leaders Trezor, Trezor One and Trezor Model T. This is the first time that detailed steps of the current attack against these devices have been disclosed. Such attack requires a physical access to bitcoin wallet,

However, Trezor’s long-term commitment to open source and auditable code ensures that technology-savvy users can verify the security of Trezor firmware. Similarly, Model T’s screen and planned SD card compatibility ensure that users never have to expose sensitive information.

Bitcoin hardware wallet summary

Despite the security issues recently discovered buy tech specialists, the Trezor Model T is safe, easy to access and a functional bitcoin and cryptocurrency hardware wallet. Once again proving that the original name in cryptographic security can continue to innovate five years after its launch. Anyone looking for Trezor’s Model T wallet won’t be disappointed.

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