Review on Trezor One by Danh Huỳnh Ngọc Công
Trezor wallet is certainly a good choice
Trezor wallet is a popular hardware wallet told to be the safest way to store cryptocurrencies. It provides many good advantages compared to other types of wallets and trusted by a lot of people. It is also very easy to use and support can be reached on their website or email at any time. There are still some drawbacks with this kind of wallet; however, it is a must to always BE CAREFUL when keeping the wallet as well as the information about it.
Pros
- - Being a hardware wallet, Trezor wallets are immune to all the viruses and hackers as it will only allow the programs created by SatoshiLabs to execute on it. Only the users who know the PIN code can get the keys attached to the addresses. The passphrases for recovery are given offline so it is very easy for users to get back the control for addresses on other devices when losing the current Trezor. All the information on this hardware wallet will write protected, and memory on firmware will be removed as a result of the updates
- - The wallets are as small as an USB; therefore, it is very easy to put them in your bags or pockets and go everywhere you want. With their small size, it will be less likely to draw the attention of other people so they are safe from the bad people
- - Although they are very small in size, the screen and the buttons on them provides a good experience to monitor and manage the assets.
- - Their support is very efficient. Wallets owners can check the technical issues with their devices on Trezor support page. With other problems, like the manual, FAQ, orders and shopping, they can quickly get the answers from the same page. They can also reach the support and some pieces of advice from the community
- - Users can connect their Trezor wallet with the official desktop app to control their cryptocurrencies much easier
- - Trezor wallets are open-sourced so it is very transparent and the company behind it invites the community to develop around their source code. The information of the team are shown in their wiki website
- - They support over 1000 cryptocurrencies and this is so huge that users who have many coins and tokens in their portfolio can easily store all of them on only one device
- - They can connect to the blockchain and helps the users interact with the DApps so they can trade directly on their wallet, play games, and so many more things without having to expose their private keys
- - The brand is featured on a lot of media channels. The biggest ones are Forbes, CNN, Bitstamp, and Coindesk
Cons
- - Their design is not as good as other hardware wallets such as Ledger and Keepkey. Although the recent appearance is the point for recognition, I think it is not effective enough to attract the users
- - Most of other types of wallets (like web wallets, mobile wallets, extensions, or desktop apps) are free so it can easily reach more people than hardware wallet
- - As hardware wallets are tangible things, the assets inside can be lost if they are stolen or the wallet is damaged and seed phrases are lost at the same time
- - The company behind it do not provide sound services like Ledger company. Ledger gives a lot of those for the customers who purchase any amount of their products
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Comments (2)
October 03, 2019
@Alex Firstly, you think that Trezor is much better than Ledger, then OK. These are just opinions. Secondly, I didn't say the free wallets offer better security and I did mention that hardware wallet is the most secure type of cryptocurrency wallet. Thanks for reading
October 02, 2019
I'm not agree that Ledger is much better than Trezor and this company proved that security system and users support is an important element. You wrote that most of other types of wallets are free but please don't forget that only people who care about security use this hardware wallet and pay for it.
