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Each brand has to have their trademark product. For Trezor, that is the Model One, or the ‘first hardware wallet’, which set the precedent for cryptocurrency storage and privacy all the way back in 2014. Known for their security and attention to detail, the Model One helps bridge the gap between retail investor and expert with:
- Support for over 1,800 different coins or tokens
- Simple setup with helpful and straightforward application
- Unrivaled backup security
At a price point affordable for all
Cost: $85
Platforms supported: Windows + MacOS (Desktop) Only compatible with Android on mobile.
Cryptocurrencies: 1800+
Wallet type: Hardware Wallet
''Since its founding in 2011, Kraken has managed to remain hack-free, boasting some of the best security in the industry"
Pros
- Supports both Windows and MacOS for desktop compatibility
- 24/7 Customer support with community forum
- Affordable price point for every investor
- Large OLED screen able to show a whole transaction on a single screen
Cons
- Only compatible with Android phones
Trezor Model One History and Background
Having invented the world’s first hardware wallet back in 2011, Trezor has gone on to sell hundreds of thousands of wallets in more than 150 different countries. Founded by SatoshiLabs, they first created the Trezor One, which was recently improved upon with the Model One.
The original Trezor One was touted as the ‘gold standard’ of cryptocurrency safety. To this day, the Model One has remained as one of the leading hardware wallets on the market for a fraction of the price of a new Model One.
What is in the Box?
After purchasing a Trezor Model One, you will receive several items within the box:
- Trezor Model One (Black or White)
- USB-C Cable (connects to your computer)
- 2x Recovery seed cards
Screenshots
Supported Cryptocurrencies
Without sacrificing features, the Trezor Model One also supports over 1,800 different cryptocurrencies to be securely stored, sent or received via the hardware wallet.
- Bitcoin (BTC)
- Ethereum (ETH)
- Tether (USDT)
- USD Tether (erc20) (USDT)
- Binance Coin (BEP20) (BNB)
- HEX (HEX)
- USD//Coin (USDC)
- Stellar (XLM)
- Litecoin (LTC)
- SHIBA INU (ERC20) (SHIB)
- Uniswap (UNI)
- Avalanche (AVAX)
- Chainlink (LINK)
- Wrapped Bitcoin (WBTC)
- Binance USD (BUSD)
- Matic Token (MATIC)
- Polygon (MATIC)
- Bitcoin Cash (BCH)
- Aave (AAVE)
- Klaytn (KLAY)
Supported Operating Systems
Although the Trezor Model One currently doesn’t support Windows or iOS on mobile phones, there is full compatibility with Windows, MacOS and Linux on desktop and laptop computers. Simply have a compatible browser downloaded, such as Chrome or Firefox to access all Trezor services.Setting Up the Trezor Model One Wallet
Trezor has produced their own in-depth guide about setting up a brand new Model One here.
Step 1: Firstly, remove the Model One from the packaging and connect, using the supplied USB-C cable, to your desktop. Ensure you have the latest version of your browser installed.
Step 2: After connecting, head over to Trezor and choose Trezor Model One as your connecting wallet. If your Model One is connected, it should automatically recognize your new hardware wallet and begin installing required firmware.
Step 3: Once all required software is installed, your Model One will reboot to begin setting up your first wallet. Click ‘Generate new wallet’ to begin creating a brand new wallet for yourself.
Step 4: Once the wallet is created, you will be able to create your ‘recovery seed’, which will be used in case of emergency to recover your wallet. Once chosen, a 12-word recovery phrase will appear, which you should securely write down on the supplied recovery seed cards.
(Only once you have confirmed your seed-phrase is correct should you close the screen. You will not be able to see your seed-phrase again!)
Before continuing, Trezor will confirm two random words from the 12-word seed phrase, to confirm you noted them correctly.
Step 5: Next up is name and PIN configuration. Choose a name for your Model One and create a memorable PIN (up to 9 digits) to further secure your wallet.
Step 6: After your PIN is confirmed, you now have full access to the hardware wallet and can begin sending or receiving coins!
The steps to open up an account on Trezor Model One:
Connect your Model One to your computer.
Head over to www.trezor.io and choose Trezor Model One as your connecting wallet.
Install required software and reboot. Then click ‘Generate new wallet’ to begin creating a new wallet.
Create your a 12-word recovery phrase.
Choose a name for your Model One and create a PIN.
After your PIN is confirmed, you now have full access to the wallet.
How do I Transfer Bitcoins to My Wallet
Remember: By using the Trezor Suite app, you will never send Bitcoin to a wrong, or invalid, address!
Step 1: Firstly, connect your Trezor Model One to your computer to access the Trezor Suite app.
Step 2: Secondly, head to the Bitcoin ‘receive’ tab, which will show you all previous addresses. Clicking ‘unused address’ will show you your latest unused received address. (Ensuring no one else has seen this address before)
Step 3: Next, copy that address and confirm its correct before sending any Bitcoin. This address should be compatible with any type of Bitcoin address. However, for first time senders, always do a ‘test’ transaction to confirm funds are sent and received properly.
Step 4: Finally, use the confirmed address to transfer the rest of your Bitcoin over to your Trezor Model One.
Congratulations! You now have Bitcoin in cold storage!
How much does the wallet cost
Coming in at a whopping $280, the Model T is one of the most expensive hardware wallets on the market. The high price is justified by top-level security and unique features compared to other wallets.
| 30-Day Volume | Maker | Taker |
|---|---|---|
$0 - $50,000 | 0.16% | 0.26% |
$50,001 - $100,000 | 0.14% | 0.24% |
$100,001 - $250,000 | 0.12% | 0.22% |
$250,000 - $500,000 | 0.10% | 0.20% |
Deposit Options for Kraken Users from Europe
| Availability | Deposit method | Deposit minimum | Fee | Processing time |
|---|---|---|---|---|
SEPA | SEPA (Fidor) | 1 EUR | Free | 0-3 business days or instant |
SEPA | SEPA (Bank Frick) | 1 EUR | Free | 0-3 business days |
SEPA | SEPA / SEPA Instant (ClearJunction) | 1 EUR | Free | 0-3 business days or instant |
Worldwide | SWIFT (Bank Frick) | 4 EUR | 3 EUR | 1-5 business days |
Worldwide | SWIFT (Fidor) | 50 EUR | Free | 1-5 business days |
Worldwide | SWIFT (Etana Custody) | 150 EUR | Free | 2-5 business days or instant |
All Deposit Methods for US Customers
| Availability | Deposit method | Deposit minimum | Fee | Processing time |
|---|---|---|---|---|
USA only | FedWire (MVB Bank) | 1 USD | Free | 0-1 business days |
USA only | FedWire (Signature Bank) | 1 USD | Free | 0-1 business days |
USA only | FedWire (Silvergate) | 100 USD | 10 USD | 0-1 business days |
USA only | FedWire (Etana Custody) | 150 USD | Free | 2-5 business days or instant |
USA Only | FedWire (Synapse) | 20 USD | 5 USD | 3-5 business days |
Worldwide | SWIFT (Etana Custody) | 150 USD | Free | 2-5 business days or instant |
Worldwide | SWIFT (Signature Bank) | 1 USD | Free | 0-5 business days |
Worldwide | SWIFT (Silvergate Bank) | 100 USD | 10 USD | 0-5 business days |
EEA (Individual) EEA & US | SWIFT (Bank Frick) | 4 USD | 3 USD | 1-5 business days |
Worldwide (Business Pro) | Signet | No minimum | Free | Near-instant |
Worldwide (Business Pro) | Silvergate Exchange Network (SEN) | No minimum | Free | Near-instant |
Is The Trezor Model One Wallet Safe?
Often compared to direct competitor Ledger, Trezor’s brand name oozes security with ample external audits and over-the-top security certifications. Similar to its cousin, the Model T, the Model One also offers U2F hardware token support and top class security certifications.
Furthermore, all Trezor hardware wallets have a massive operating temperature between -20C and +60C. (-4F – +140F)
Customer Support
On-top of market matching security, the Trezor team offers around the clock customer support through their help center. With a rich community advice section and Trezor made Frequently Asked Questions (FAQ), most problems can easily be fixed with a simple search.Conclusion
Frequently Asked Questions
Yes, the Trezor Model one supports over 1000 different coins and works well with Windows, macOS, Linux, and Android operating systems. The device is portable, and it comes in tamper-resistant packaging, so you can confirm that it has never been used. It is affordable, highly secure, and easy to use.