Trezor’s hardware cryptocurrency wallets have high security but no native staking and NFT features or a mobile app.
Trezor’s wallets stand out from the competition with security features such as Shamir Backup, which can help you recover your assets if your device gets lost, broken or stolen. However, Trezor devices lack some functionality offered by competitor Ledger or software wallets that connect easily to decentralized applications, or dapps.
You can buy, sell and trade currencies through Trezor’s open-source desktop application, Trezor Suite. Some advanced features require a bit of technical know-how. The device requires third-party software to manage NFTs, or non-fungible tokens, as well as stake coins, and staking is available only with the Model T. Trezor also does not have a mobile app.
Pros & Cons
- Highly secure offline storage.
- Touch screen available for fully on-device entry.
- No native staking or NFT management.
- No Bluetooth connection or mobile app.
Where Trezor sparkles
Contact screen: The Trezor Model T has a touch screen that considers two-factor validation on the actual gadget, so you needn’t bother with another gadget, for example, a PC to sign in. A PIN and passphrase can be placed into the gadget.
Shamir Reinforcement recuperation: Most crypto wallets give you a solitary recuperation seed, however Trezor’s additional security technique allows you to produce and disseminate up to 16 recuperation shares for your gadget and store them in better places. Regardless of whether one seed express is compromised, the extra offers might give one more layer to safeguard your keys from being taken. (Note that this choice is accessible just on the more costly Model T.)
Completely open source: Trezor programming can be surveyed and tried by outsiders to keep its security straightforward. Contender Record has shut source firmware on its actual gadgets.
Where Trezor misses the mark
No local marking or NFT the executives: The Trezor suite, accessible as a work area application or program expansion, permits coin the board including buys and trades, however you’ll need to coordinate extra programming, for example, Departure to partake in NFT commercial centers or stake coins with the Model T.
Higher evaluating: Trezor’s Model T costs more than $219, while Record’s comparable contribution costs $149 and can amass to 5,500 unique coins. The Model One expenses about $69, which is near the value of Record’s generally tantamount model.
No Bluetooth association or iOS application: Trezor has a work area application, program expansion and an impending Android application, yet not at all like a few contenders, it isn’t viable with Apple’s versatile working framework. Trezor likewise doesn’t offer Bluetooth associations.