At SWAPD, we understand the importance of securing digital assets in the ever-evolving world of cryptocurrencies. From our past horror stories such as Paxful freezing 100K from us, Binance banning our addresses left and right, and Coinbase labeling us as scammers for no apparent reason, we finally understood that holding the keys to your crypto on your own device is more important than ever. With a multitude of options available (cough cough, Ledger), finding the right solution for managing and protecting your investments can be overwhelming. After extensively testing and reviewing our new Trezor wallet, we have found it to be an outstanding solution for safeguarding your cryptocurrencies. In this article, we will provide a comprehensive review of the Trezor hardware wallet and highlight the features that make it a top choice for managing digital assets, and why we’re moving all our coins from a Ledger to Trezor.
1. Unparalleled Security
Trezor’s primary focus is on security, and this is evident in its robust design. The device itself is built very well, and it seems like a sturdy piece of hardware (unlike our old Ledgers that had key-wear problems). The wallet employs a combination of hardware and software security features, ensuring that your private keys never leave the device. Additionally, Trezor utilizes a secure PIN-based login system and supports two-factor authentication (2FA) for added protection. These security measures provide peace of mind, knowing that your cryptocurrencies are well-protected against unauthorized access.
2. User-friendly Interface
The Trezor wallet offers a clean and intuitive user interface, making it easy for both beginners and experienced users to navigate and manage their digital assets. The device’s OLED screen provides a clear display of transaction information, and the accompanying Trezor software suite allows for seamless management of multiple cryptocurrencies.
3. Extensive Cryptocurrency Support
One of the standout features of the Trezor hardware wallet is its wide range of supported cryptocurrencies. Trezor is compatible with over 1,000 cryptocurrencies, including popular options such as Bitcoin, Ethereum, Litecoin, and many more. This extensive compatibility ensures that users can consolidate their digital assets in a single, secure location. Unfortunately, full USDT support isn’t there yet, but we hope that will change in the future.
4. Regular Firmware Updates
Trezor is committed to maintaining the highest level of security and performance for their devices. They regularly release firmware updates to address any potential vulnerabilities and to add support for new cryptocurrencies. This dedication to continuous improvement demonstrates Trezor’s commitment to providing the best possible experience for its users. This pales in comparison to our Ledger devices which kept getting worse with every update.
5. Backup and Recovery Options
In the event of device loss or damage, Trezor has implemented a reliable backup and recovery system using a 12, 18, or 24-word recovery seed. This seed allows users to restore their wallets and regain access to their digital assets on a new device. The recovery process is straightforward, ensuring that users can quickly regain control of their cryptocurrencies in an emergency.
Conclusion
After thoroughly testing and reviewing the Trezor hardware crypto wallet, we can confidently recommend it as a reliable and secure solution for managing digital assets. With its top-notch security features, user-friendly interface, extensive cryptocurrency support, regular firmware updates, and robust backup and recovery options, Trezor stands out as a trustworthy and efficient option for cryptocurrency enthusiasts. Whether you’re a seasoned investor or new to the world of digital currencies, the Trezor hardware wallet is an excellent choice for safeguarding your valuable assets, and making easy payments on SWAPD!
UPDATE 22.08.2023 - One year review!
Even though I still like the device—it’s durable, reliable, and secure—I’ve found that over time, it’s becoming more problematic.
- TRON network is still not supported.
- It feels sluggish and clunkier to use now; everything seems to load slowly, even scrolling lags.
- If you have a large number of transactions, your wallet will become so slow it will be virtually unusable. This is due to the way Trezor works. The only way to combat this (confirmed by Trezor themselves) is to create a hidden wallet with a new address, move your funds there, and start using the new wallet.
- Accessing the hidden wallet feels clunky and sluggish.
- Things take time to boot up when you load the Trezor software.
It seems with each update, things are getting worse. Is it really that bad? No. It’s still a fine device, but it’s a shame to see that the software developers keep rolling out bad updates.
