Some of the links here on CryptoGorilla.com are affiliate links, which means that we sometimes get a compensation from the reviewed products and services. However, we are independently owned and the opinions expressed on the website are our own. We test each service and product throroughly and recommend only the very best.
Introducing another high-end hardware wallet for the serious cryptocurrency investor. The Trezor Model T was built with performance and safety in mind, targeted at those wanting maximum long-term storage security for their crypto assets.
Having invented the first cryptocurrency hardware wallet, the Trezor Model T doesn’t lack features:
- Touchscreen compatibility
Market leading backup security - Strict authentication protocols
- Simple and straightforward setup
Cost: $280
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
- Around the clock customer support
- Massive coin support of over 1800 different cryptocurrencies
- Externally audited to validate users' security and privacy.
Cons
- Not compatible with Windows or iOS phones
- One of the most expensive hardware wallets on the market
Trezor Model T 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 T.
The original Trezor One was touted as the ‘gold standard’ of cryptocurrency safety, which the Model T carried over with its implementation of a touch screen and more advanced storage
capabilities.
What is in the Box?
After purchasing a Model T, you will receive several items within the box:
- Trezor Model T hardware wallet
- Model T magnetic dock
- USB-C Cable (connects to your computer)
- 2x Recovery seed cards
- Trezor branded stickers
A Model T magnetic dock can be used as a sticker for your wallet, attaching it to any flat surface.
Screenshots
Supported Cryptocurrencies
The Trezor Model T supports a massive base of different cryptocurrencies. Currently, there are over 1,800 different supported coins and tokens which users can send or receive.
- 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)
- Cardano (ADA)
- Chainlink (LINK)
- Wrapped Bitcoin (WBTC)
- Binance USD (BUSD)
- Matic Token (MATIC)
- Polygon (MATIC)
- Bitcoin Cash (BCH)
Supported Operating Systems
Although the Model T 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 T Wallet
Trezor has produced their own in-depth guide about setting up a brand new Model T here.
Step 1: Firstly, remove the Model T 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 T as your connecting wallet. If your Model T 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 T 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 T 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 T:
Connect your Model T to your computer.
Head over to www.trezor.io and choose Trezor Model T 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 T 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: Trezor’s Trezor Suite app ensures you never send Bitcoin to a wrong, or invalid, address!
Step 1: Firstly, connect your Trezor Model T 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 T.
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 T Wallet Safe?
With a brand name known for its safety as much as Ledger, it is more than safe. With external audit verification, U2F hardware token support and superior backup security providing you with the world’s first SLIP39 integrated hardware wallet, your tokens are more than safe with the Model T.
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
The Trezor Model T is one of the best Bitcoin wallets ever. It was created by SatoshiLabs in 2014, allows you to hold over 1000 cryptocurrency wallets, and is compatible with operating systems like Windows, macOS, and Linux. Besides the high security, the Trezor Model T has other excellent features like a touchscreen, affordable price, etc.
The Trezor Model T and Trezor One are almost the same other than the fact that the Trezor Model T comes with a touchscreen that makes it easier to use.
Yes, $2 million was stolen from a Trezor One hardware wallet in the past. However, Trezor has made a statement claiming that the exploit has been corrected and it is almost impossible to steal from a Trezor wallet again.