Trezor One

Trezor One

$71.50

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9/10 (Expert Score)
Product is rated as #4 in category Hardware Wallets

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.

Design
9
Support & Reputation
8
Usability
9.5
Coin Support
9
PROS:
  • 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
CONS:
  • Not regulated
  • No internal power supply
  • No live support, email/FAQ only
  • Security flaws exploited by Kraken Security Labs
  • One of the older models, although not yet outdated
  • No bank transfer or PayPal support

Specification: Trezor One

Design Specification
Battery life No onboard battery, requires external power source
Screen size 128x64 px
Size 60mm x 30mm x 6mm
Touchscreen No
USB connector USB-B to micro USB
Weight 12g
Software
Connectivity USB
Desktop Software Yes
Functions Receive, Send, Store, Trade
Open source Yes
Supported Operating System Android, iOS, Linux, Mac OS, Windows
Features
Compatibility with external wallets 23
No. Supported Currencies 1000+ cryptocurrencies and tokens
Security
2FA Two-factor Authentification Yes
Anonymity Yes
Backup type 24-word Recovery Phrase
Multi signature Yes
Pin code Yes
Own your own private keys Yes
Previously suffered security breach 31st Jan 2020 - Kraken Security Labs reported to have hacked a Trezor wallet in less than 15 minutes. User wallets remain secure.
Pricing and Payment
Bank transfer No
Cryptocurrency Yes
Debit or credit card Yes
Paypal No
Company info
Established 2012
Full company name Satoshi Labs
Registered in Czech Republic

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