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This rating describes our personal assessment of the user-friendliness of the product. How easy is the onboarding process? How modern is the user interface and is it easy to use? Are all the important functions quick and easy to find? We ask ourselves all these questions in order to give a personal rating from 1 to 10 points.
For products or services in the crypto space, trust and security should be the biggest factors in the selection process. Since we could not seriously evaluate the technical security of a platform or product, we analyze publicly available factors such as security features, location, regulation, certifications, audits, team/company, general reputation and, of course, track record.
Crypto doesn't have to be cryptic. Especially for beginners, the first contact with the crypto world can be overwhelming. With this rating, we give our assessment of how easy it is for beginners to find their way around: from the onboarding process to using the most important functions.
Customer support is an important factor for many users. A long wait or no response at all in the event of problems can be frustrating, especially when it comes to sensitive topics such as finances. With this rating, we give our assessment of the quality of customer support. In order to provide as balanced an assessment as possible, we also include user opinions from other platforms in our evaluation.
Some exchanges and brokers are regulated by financial supervisory authorities in certain countries/states. This often entails strict financial regulatory requirements and compliance requirements to which the company must adhere. Regulatory clarity can contribute to greater transparency and thus also greater trustworthiness.
Do you have ideas or suggestions for changes? Then we look forward to your feedback! We make every effort to keep all metrics and information as up-to-date as possible. However, if you discover an error or outdated information, we would be delighted to hear from you.
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A wallet that is “open source” makes its software code public (e.g. on Github). Either the entire program code or at least significant parts of it are publicly accessible. This has the advantage that many parties can review the code and security gaps or other vulnerabilities are discovered and improved more quickly.
The so-called "private key" is a unique sequence of numbers and characters and the private key that gives you direct access to and control over your cryptocurrencies. The private key is used to sign transactions. In simple terms, it can be seen as a digital fingerprint that proves that you are the owner of the cryptocurrencies. If you store your cryptocurrencies on so-called "custodial wallets" (e.g. crypto exchanges), you are not the owner of your private keys.
The anonymity of “non-custodial wallets” is generally relatively high. However, there are differences between providers when it comes to collecting and storing user data. There can also be differences in the ordering process for hardware wallets as to which user data is stored and for what period of time
The so-called “secure element” is a chip (microprocessor) that stores your private key and is separated from the rest of the hardware. This special chip gives the hardware wallet significantly more protection against local, physical attacks. Depending on the chip, a different level of security can be offered. Some chips can be compromised with less effort, while with others this is only possible with special equipment and is extremely complex.
The so-called “secure element” is a chip (microprocessor) that stores your private key and is separated from the rest of the hardware. This special chip gives the hardware wallet significantly more protection against local, physical attacks. Depending on the chip, a different level of security can be offered. Some chips can be compromised with less effort, while with others this is only possible with special equipment and is extremely complex.
The overall rating is the average of our individual ratings. Our ratings do not constitute investment advice, but merely our personal opinion. You are welcome to use them as rough indicators and additional perspective. In the dynamic and fast-growing crypto sector, parameters can often change from one day to the next, so we cannot guarantee that the rating data is up to date. Therefore, please never use our ratings as an isolated basis for decision-making and not as a substitute for your own research.
Some wallets offer an integrated trading function within the wallet to buy and sell cryptocurrencies directly. This functionality is usually made possible by a connection to the web interface of an exchange. The integrated trading function in wallets offers enormous advantages: cryptocurrencies can be bought in the same place where they are to be stored. The manual transfer of cryptocurrencies from an exchange to your own wallet is therefore no longer necessary, which can save time and money.
Multisignature wallets or multisig wallets are wallets that require at least two private keys to sign a transaction. This additional process makes it possible to greatly increase security against unwanted access, for example through personal threats. This security mechanism is particularly useful when storing particularly high assets.
If the hardware wallet or the device with the corresponding software wallet is lost or damaged, there is no need to panic. As long as you have your private key or recovery seed (also called “seed phrase”) in your possession, you can restore your wallet at any time. The recovery seed is a combination of 12-24 words and is the most common backup method for wallets. Important: Keep your recovery words and private keys secret and never share them with other people!
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The Trezor Model One provides a simple and secure introduction to the self-custody of cryptocurrencies. While it offers fewer features and lacks a color display compared to the premium Model T version, it delivers great value for money, especially for beginners and budget-conscious users. At this moment it is considered to be one of the most secure hardware wallets on the market. In particular for its open-source nature. Meaning, all code that runs on any Trezor device is available to be audited by the public. A feature that not many wallet providers offer. While the Trezor wallet portfolio lacks some minor features, it is considered to be the best hardware wallet on the market. If you care about security (which we highly recommend you should) Trezor is your top choice. Newer models that come at a higher price tag provide better features such as a colored display and the ability to store a higher amount of tokens.
Trezor Model One
Overview
Quick Facts
The Trezor Model One is an affordable entry-level hardware wallet from the trusted manufacturer Trezor and is one of the most popular and secure wallets on the market. The device supports over 1,000 cryptocurrencies, offers good value for money, and is very easy to set up.
Informations
Pro's & Con's
- Provides a simple and secure entry into self-custody of cryptocurrencies.
- Great value for money, ideal for beginners and budget-conscious users.
- Open-source principles enhance security and transparency.
- User-friendly interface and straightforward setup process.
- Fewer features compared to the premium Model T version.
- Lacks a color display, which some users may prefer.
- Limited support for some newer cryptocurrencies and tokens.
- Competing products like Ledger Nano S and BitBox offer similar or better features.
Trezor Model One
Hardware
Offer and features of
Trezor Model One
Functionality
Unique Features
- Trezor Suite App
- Password Manager
Platforms
Our
Trezor Model One
Review
Test Result
Conclusion
The Trezor Model One provides a simple and secure introduction to the self-custody of cryptocurrencies. While it offers fewer features and lacks a color display compared to the premium Model T version, it delivers great value for money, especially for beginners and budget-conscious users. At this moment it is considered to be one of the most secure hardware wallets on the market. In particular for its open-source nature. Meaning, all code that runs on any Trezor device is available to be audited by the public. A feature that not many wallet providers offer. While the Trezor wallet portfolio lacks some minor features, it is considered to be the best hardware wallet on the market. If you care about security (which we highly recommend you should) Trezor is your top choice. Newer models that come at a higher price tag provide better features such as a colored display and the ability to store a higher amount of tokens.
Customer Reviews
/ 5 average rating from -- reviews
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Trezor Model One
User Reviews
The Trezor Model One has been praised by users for its simple and intuitive operation. The wallet app is clearly designed and allows for easy navigation. Users particularly appreciate the two-line display and the ease of making transactions. However, some users have made comments about improving the user interface, especially regarding the size of the display.
The Trezor Model One is lauded for its straightforward yet robust feature set. Users appreciate its support for a wide range of cryptocurrencies, as well as the option to utilize passphrases for enhanced security. Generally, Trezor provides a rich feature set for beginners and advanced users.
The wallet supports popular cryptocurrencies such as Bitcoin and Ethereum, but also a number of altcoins. However, some users would like an even larger selection of supported cryptocurrencies, especially when it comes to lesser-known or newer altcoins.
The Trezor Model One is praised for its high security standards. As a hardware wallet, it offers an additional layer of protection compared to pure software wallets. Users particularly appreciate the PIN-based security and the backup and restore options. However, some users express concerns about the physical security of the devices, especially regarding the possibility of physical tampering.
The Trezor Model One is often described as being particularly beginner-friendly. Users praise the wallet's ease of setup and operation and the well-designed tutorials and guides. However, some users note that despite the general user-friendliness, a certain amount of training time is required.
Trezor has been receiving excellent feedback for its customer service department. In addition to many within the community praising the rapid response times and well-explained solutions when contact support, the presence of assistive representatives via email, social media, and other channels has delighted many individuals. The only complaint some customers have regarding support service by Trezor is they don’t have live support, but are considering starting it soon.
To summarize, The Trezor Model One generally obtains favorable reviews. Notably its high-security standards and the support for a higher number of cryptocurrencies, it is easy to use and set up with an inclination for displaying the screen, but some might find this area of improvement. General look at the compassion of beginner-friendly and customer support is mostly satisfied that serves some extent Trainings issues and improvement needs to be done. Despite this, users have overall been mostly happy with the unit.
About
Trezor Model One
Trezor Model One
About the author
At Exchange Flow, Ethan is recognized as the resident crypto expert. With 10+years of experience navigating the waters of global crypto exchanges, Ethan is a trusted voice in the ever-evolving world of digital currencies. He tests and scrutinizes exchanges so you don’t have to, offering reviews and articles that newbies and seasoned traders alike find invaluable. When he’s not coding, Ethan likes to travel and play retro games. He uses his crypto earnings to fund his trip around the globe.
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