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Trezor Model T Review 2023

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There are many crypto hardware wallets available out there but not many can make you go wow. In this review, we’re going to walk you through Trezor Model T, one of the premium wallet models that not only have impressive features, but also a price tag that will make you go wow.

Jokes aside, let’s dive deeper into what this device is, its pros and cons, how it compares with its competitors, and if we think it’s worth the money.

What is the Trezor Model T?

Released in 2014 by SatoshiLabs, Trezor Model T is one of the oldest cryptocurrency hardware wallets on the market. SatoshiLabs actually released another model called Trezor One in the same year, but Model T is almost 3 times more expensive than that. Well, with the price comes quality! Model T is Trezor’s premium offering designed for advanced traders and people who want to hold their coins.

Trezor Model T’s hardware specifications and powering software are all released under an open-source license, meaning that anyone can download, modify, and distribute the code without paying fees to the original developer.

Trezor Model T comes with a built-in touchscreen that lets you enter the PIN and passphrase on the device itself. It’s one of the model’s features that make you feel like your money is worth it.

How does the Trezor Model T work?

To get started, you have to get your Trezor ready to communicate with the Trezor Wallet app. This app is available on desktop and browser. Most people install the Trezor Bridge and head straight to the Trezor Wallet website, where you’ll set up your device and manage your crypto. The wallet app is open source, meaning it has native support for popular coins such as Bitcoin, Bitcoin Cash, Bitcoin Gold, Litecoin, Dash, Zcash, Dogecoin, and Vertcoin. Want to trade other coins? Use a third-party wallet.

As part of the initial setup, you’ll be asked to create a new wallet. Make sure to jot down your 24-word recovery seed phrase in case you ever lose your wallet and need to recover your funds. When you’re done setting up your device, you can start sending and receiving crypto by inputting destination addresses in the app and the crypto amount, and confirming the transaction on Trezor Model T. Model T also allows you to show your QR address to others, who can then scan it and initiate a transfer. Trezor is all about efficiency: you can use the app to send funds to multiple recipients in one transaction, saving on transaction fees. You’ll be able to see all your transaction history in the app when they’re completed.

In addition to sending and receiving crypto, you can also exchange crypto on the wallet app. For example, you can use in-wallet exchanges to buy crypto using USD, then convert from one crypto to another. No need to use another crypto platform.

Trezor has been around for years, so the company has built an extensive encyclopedia with loads of educational material about Bitcoin and Trezor devices. If you need help with your Trezor device, use their extensive FAQ and step-by-step documentation to find answers to your questions. Their articles are tailored to not only beginners but experienced traders and even developers.

Right now, the Trezor works with Windows, macOS, Android, and Linux. iOS users, you may have to wait a bit before a compatible device comes out!

Trezor Model T Pros & Cons

Pros

  • Open-source code available for download and modification
  • Color touchscreen
  • Easy to set up and use
  • Supports over 1600 coins

Cons

  • Costlier than its peers
  • Mobile support for Android-only

The Bottom Line / Our Final Thoughts

All things considered, Trezor Model T is a solid, premium cryptocurrency hardware wallet for experienced traders. Priced at $170, this device is definitely on the pricier end. But that also means more safety measures come along with it. Since Trezor is open source, it can be compatible with many third-party wallets and have native integrations inside wallets such as Electrum, Exodus, Wasabi, and Mycelium. Not only that, but Model T can also hold a large variety of crypto, which is great for seasoned traders who are interested in trading larger amounts or trying out new coins.

Frequently Asked Questions