Trezor One
$71.50
The Trezor One was the first hardware wallet from Satoshi Labs and a key competitor to the industry-leading Ledger. These wallets remain completely open-source from day one, emphasising ease of use and transparency. This model is slightly cheaper than their Ledger Nano S competitor, although does not offer bank transfer, credit card or PayPal support. However, the monochrome display feels much easier to navigate and is more user friendly. Although PIN/passphase entry and device recovery is currently only available via computer or mobile, the newer Model T allows users to do this directly from the wallet.
This model maintains a high standard of security, utilising 2FA, U2F and FIDO2 authentication, alongside encryption via GPG. The 24-word recovery seed has since become a security standard, however the Trezor One was amongst the first to implement this into their wallets. Whilst suffering a security flaw in January 2020, this was a controlled and professional project conducted by Kraken Security Labs; who reportedly hacked a Trezor One in under 15 minutes. However, their team was informed of this and there have been no reported security breaches since.
- Fully open-source
- Very competitively priced
- Incorporates many security standards
- Supports 1000+ cryptocurrencies and tokens
- Monochrome display is clear and easy to use
- Device requires physical confirmation to sign transactions
- No internal power supply
- No live support, email/FAQ only
- Security flaws were exploited by Kraken Security Labs on older devices with physical attacks, but this was only for devices without passphrases and has since been fixed. More can be found on their blog post: https://blog.trezor.io/our-response-to-the-read-protection-downgrade-attack-28d23f8949c6.
- One of the older models, although not yet outdated
- No bank transfer or PayPal support
Specification: Trezor One
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