TREZOR Model T hardware wallet | 2018 review | finder.com

TREZOR Model T hardware wallet review

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A next-generation hardware wallet with a familiar interface but a host of new features.

Launched in early 2018, the Model T is the latest bitcoin and altcoin wallet from TREZOR. With an emphasis on the security of your coins and tokens, the Model T features a convenient touchscreen, double verification for transactions, and support for a selection of the most popular cryptocurrencies.

So, should you buy a Model T? To find out, let’s take a closer look at what it has to offer.

Product Name TREZOR Model T Wallet
Wallet Type Hardware
Supported Cryptocurrencies BTC, BCH, BTG, LTC, DASH, DOGE, ETC, ETH, ERC20, NEM, NMC, ZEC, EXP, UBQ

Pros

  • Clear and intuitive touchscreen
  • User-friendly interface
  • High-level security features to secure your coins and tokens
  • Established wallet provider with a reputation as a trusted company
  • Transactions verified twice for increased protection

Cons

  • Cost – other hardware wallets are cheaper
  • Delays with early shipments
  • Can only navigate using touchscreen
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is the TREZOR Model T?

TREZOR Model T Wallet

Created by Czech Republic-based Satoshi Labs, TREZOR hardware wallets have been providing safe storage for bitcoin since 2013. The Model T is the latest wallet from TREZOR and was built with a focus on increased security and an improved user experience.

Its headline feature is the 240×240 pixel LCD touchscreen. All confidential information must be entered into the device using this color screen, and double verification of transactions provides an extra layer of security.

The Model T features a USB-C (both ends are female) connector to ensure that it’s mobile and future-proof, as well as a microSD slot to allow you to expand the device with advanced features in the future.

Compatible with:

  • Operating systems: Windows (version 7 and higher), OS X (version 10.11 and higher) and Linux
  • Mobile devices: Android devices with USB On-The-Go (aka USB Host)
  • Browsers: Chrome and Firefox

How much does it cost?

As you could only preorder a Model T on the TREZOR website, at the time of this writing, there was no price listed for the device. However, a November 2017 blog post reveals that while the first batch (now sold out) of Model Ts cost $139 each, the second batch will cost around $151.

Which cryptocurrencies can I store?

TREZOR’s Model T offers storage for the same coins as its predecessor, the TREZOR One.

  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Bitcoin Gold (BTG)
  • Litecoin (LTC)
  • Ethereum (ETH)
  • Dash (DASH)
  • Dogecoin (DOGE)
  • Ethereum Classic (ETC)
  • Zcash (ZEC)
  • NEM (XEM)
  • Namecoin (NMC)
  • Expanse (EXP)
  • UBIQ (UBQ)
  • ERC20 tokens

How do I add currency to my wallet?

To add currency to your TREZOR Model T, you’ll first need to complete the simple set-up process:

  1. Connect your Model T to your computer and follow the instructions on the device.
  2. Open trezor.io/start in your web browser and choose TREZOR Model T as your product.
  3. Open the TREZOR Wallet.
  4. Wait for the wallet to recognize your device and then install the firmware for the Model T.
  5. Generate a new wallet.
  6. Create a 12-word recovery seed to back up your wallet. Write the seed down and store it somewhere safe and secure.
  7. Name your device.
  8. Create a unique PIN.
  9. Your wallet is now set up and ready to use, so you can start sending coins and tokens to your wallet address.

How do I make payments with my TREZOR Model T?

To make a payment with your Model T, follow these steps:

  1. Connect your Model T to your computer and enter your PIN.
  2. Open the TREZOR Wallet.
  3. Select the cryptocurrency you want to send from the menu on the left of the screen.
  4. Click the “Send” link and enter the details of your transaction, including the amount you are sending and the receiving wallet address.
  5. Review the full details of the transaction and confirm it on your Model T.

How secure is the TREZOR Model T?

The Model T offers a number of features to help ensure the security of your bitcoin and altcoins, including:

  • Secure PIN code. Your PIN is the primary authentication method for your TREZOR device, and you can create a PIN of up to nine digits. You’ll need to enter this PIN before the Model T will even connect to your device via USB.
  • PIN lockout. Every time you enter an incorrect PIN, the wait time until you can try again increases by a power of two.
  • Touchscreen. All of your private data, including your PIN, must be entered through the touchscreen on your Model T. The numbers on the on-screen keyboard change position with each use so that no-one can guess your password by checking the areas of the screen that are most commonly pressed.
  • Backup and restore. The Model T can be backed up with a 12-word recovery seed accessible through any BIP32/39/44 HD wallet.
  • Double confirmation. You’ll need to manually confirm every transaction on your Model T before a payment can be sent. This provides an added layer of security for your coins.

Where can I get the TREZOR Model T?

You can purchase your TREZOR Model T direct from the manufacturer on the official website. At the time of this writing (3/15/18), the wallet was only available for preorder.

One piece of advice for hardware wallets: only buy directly from the manufacturer or an authorized reseller, and never buy a used wallet. This will ensure that you buy a legitimate wallet that hasn’t been tampered with.

Pros and cons

Pros

  • Clear and intuitive touchscreen.
  • User-friendly interface.
  • High-level security features to secure your coins and tokens.
  • Established wallet provider with a reputation as a trusted company.
  • Transactions verified twice for increased protection.

Cons

  • Cost – other hardware wallets are cheaper.
  • Delays with early shipments.
  • Can only navigate using a touchscreen.

Next steps

If you’ve compared a range of hardware wallets and decided that the Model T is the best place to store your crypto coins and tokens, click on one of the “Go to site” links on this page. You’ll be securely redirected to the TREZOR website where you can subscribe to a mailing list to receive notification when the Model T is available for purchase.

Image: TREZOR

At the time of this writing, the author holds IOTA and XLM.

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Tim Falk

A freelance writer with a passion for the written word, Tim loves helping people find the right products for them. When he's not chained to a computer, Tim can usually be found exploring the great outdoors.

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