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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!
Trezor Model T: DiscontinuedDetails
Trezor Model T Review
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The Trezor Model T is discontinued: Trezor stopped selling it in its online shop in January 2026 and offers the Trezor Safe 5 instead. If you own one, it keeps working with Trezor Suite, and Trezor plans new coin support until at least 2031 and critical security updates until at least 2036. In our view, it is still a capable wallet for its owners: the color touchscreen makes confirming transactions easier, it offers 12-, 20- and 24-word backups and Advanced Multi-share Backup, and it supports Clear Signing. For a new purchase, Trezor's replacement is the Safe 5, and our Ledger vs Trezor comparison covers the current models.
Trezor Model T
Overview
Quick Facts
Trezor no longer sells the Model T and offers the Trezor Safe 5 in its place. The Model T has a 1.54-inch color touchscreen, a USB-C port and a microSD card slot, and its firmware is open source. Trezor plans new coin support and basic maintenance until at least 2031 and critical security updates until at least 2036.
Informations
Pro's & Con's
- 1.54-inch color touchscreen with 240 x 240 pixels.
- 12-, 20- and 24-word backups plus Advanced Multi-share Backup.
- Firmware published under the GPLv3 open-source license.
- Supports Clear Signing and coins such as XRP, Solana and Cardano, which the Model One lacks.
- Discontinued: Trezor no longer sells it in its online shop.
- No secure element chip; Trezor says a strong passphrase fully mitigates a known physical attack on its chip.
- On iOS, Trezor Suite supports only portfolio tracking, buying and receiving.
Trezor Model T
Hardware
Offer and features of
Trezor Model T
Functionality
Unique Features
- Trezor Suite App
- Password Manager
Platforms
Our
Trezor Model T
Review
Our Rating
Conclusion
The Trezor Model T is discontinued: Trezor stopped selling it in its online shop in January 2026 and offers the Trezor Safe 5 instead. If you own one, it keeps working with Trezor Suite, and Trezor plans new coin support until at least 2031 and critical security updates until at least 2036. In our view, it is still a capable wallet for its owners: the color touchscreen makes confirming transactions easier, it offers 12-, 20- and 24-word backups and Advanced Multi-share Backup, and it supports Clear Signing. For a new purchase, Trezor's replacement is the Safe 5, and our Ledger vs Trezor comparison covers the current models.
Customer Reviews
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You operate the Model T on its 1.54-inch color touchscreen with 240 x 240 pixels, which in our view makes reading addresses and confirming actions easier than on a two-button device. It connects by USB-C and has a microSD card slot. Trezor Suite works fully with it on desktop and Android, while the iOS app is limited to portfolio tracking, buying and receiving.
With Trezor Suite you can send, receive, stake and trade from the Model T. Buying, selling and swapping run through partner companies, and Trezor's terms say it charges no fee of its own for these services. Staking in Trezor Suite covers Ethereum, Cardano and Solana. The Model T also supports Clear Signing, which shows supported Ethereum and EVM smart contract actions in plain language on the device, and it works with more than 30 third-party wallet apps.
Trezor says the Model T supports thousands of coins and tokens and names 14 assets with native support. Trezor's coin list shows it with XRP, Solana, Cardano, TRON and Monero, which the Model One does not support, and Trezor plans new coin support for the Model T until at least 2031.
The Model T has no secure element chip. Kraken Security Labs found in 2019 that someone with physical access and lab equipment could extract the encrypted wallet data from the chip in the Model T and Model One. According to Trezor, a strong passphrase fully mitigates this attack, so in our view it is worth setting one if you keep using the device. The firmware is open source under the GPLv3 license, and Trezor pays bug bounties of up to $100,000 for critical issues. The incidents on record concern Trezor's service providers: unauthorized access to its third-party support portal in 2024, a breach at its shipping provider ShipMonk that affected 80,689 customers, and a breach at its newsletter provider Brevo that let a phishing email go out from Trezor's account. Trezor says its own systems were not compromised in the ShipMonk case.
In our view, a beginner buying today is better served by the models Trezor sells now. The Safe 5 has the same 1.54-inch color touchscreen and adds a secure element. If you already own a Model T, Trezor's support site has a guide for using a Trezor after a long time, and the step that matters most stays the same: keep your wallet backup offline and never share it.
Trezor's support site offers step-by-step guides, for example on firmware updates, wallet backup and recovery, and connection problems, plus a community forum. Trezor ended its Expert onboarding and consultation sessions in mid-2026.
In our view, the Model T remains a capable wallet for its owners, with its touchscreen, flexible backups and continued software support. For a new purchase we would look at its successors: our Ledger vs Trezor comparison covers the Safe 3, Safe 5 and Safe 7 next to Ledger's current models. Our Trezor Model One review covers the other discontinued Trezor, our Ledger Nano X review a current Bluetooth alternative, and our wallet overview every wallet we review.
About
Trezor Model T
Trezor Model T
About the author
Ethan Parker is Senior Content Editor at Exchange Flow. He has followed crypto since 2015, from Bitcoin and Ethereum to the exchanges people use to buy and trade them.
I prefer Trezor over any other wallet, in particular any Ledger Wallet. If you do your research, you notice that Ledger has changed over time and move itself away from the pure crypto ethos. Now they even can store your private keys for you. Which is a joke for any crypto wallet provider to offer!
Trezor remains open source and anyone can run their code to ensure it is clean from any code that is not pro-crypto.