The Trezor One and Model T are two of the best cryptocurrency wallets on the market. Both devices have their pros and cons, but which one is better for your needs? Let’s break down each device to help you decide if either one is right for you.
Trezor One
Pros
- Secure and affordable crypto wallet
- Safely store 1000+ of your favorite crypto assets
Cons
- Lacking some features you might find in other wallets
- Has no touch screen
Model T
Pros
- User friendly, intuitive and built for both beginners and the novice
- Safely store 1000+ of your favorite crypto assets on high quality, shock-resistant hardware.
- Touchscreen brings a new level of usability to the hardware wallet space
Cons
- More expensive than the Trezor One
- Some other hardware wallets are more durable for the price
The cryptocurrency market is growing at an alarming rate. As a result, so are the number of individuals and businesses that hold cryptocurrencies.
Cryptocurrency holders face a new set of security challenges when storing their coins in digital wallets or exchanges. Exchanges have been hacked resulting in millions of dollars worth of losses for users who stored their funds there; while hardware wallets can be lost, damaged or stolen as well. There are no guarantees to protect your investment with these storage methods if they fall into the wrong hands.
Trezor One vs Model T
When it comes to cryptocurrency hardware wallets, there are a few different options on the market. Two of the most popular ones are the Trezor One and Model T.
Let’s take a look at the Trezor One first. The Trezor One is the original hardware wallet from SatoshiLabs. It was released in August 2014 and has been a popular choice for cryptocurrency holders ever since.
Features
The Model T has more features than the Trezor One, owing to its touchscreen user interface and microSD card slot. Users may now manage passwords on the memory card rather than just using the cloud to store them. In addition, there are settings available with the Model T that will not be accessible with the Trezor One.
There are some other differences between these two wallets as well, including:
- The Model T offers a preloaded operating system; while the Trezor One requires users to download the operating system and install it
- The Model T can connect via USB Type-C and Bluetooth wireless technology; while the Trezor only provides a USB connection
- The Model T has an estimated 8 month battery life, whereas the Trezor One has only 6 month battery life
- The Model T has a touch panel for more accurate navigation of the wallet, whereas the Trezor One does not
Ease of use
Each of these wallets are not complicated to use. They both have straightforward instructions and simple interfaces.
The Model T has a much more user-friendly interface than the Trezor One. This is owing to its touchscreen and easy to navigate menus. The Trezor One relies on two buttons for navigation, which can be cumbersome for some users.
You can be setup in minutes with either device and use it for a variety of different cryptocurrencies.
Security
Hardware wallets are generally impossible to hack. Most vulnerabilities are rather from users who accidentally disclose their passwords and recovery phrases.
Both the Trezor One and Model T offer high levels of security when it comes to storing cryptocurrencies. They both have PINs and passwords that must be entered in order to access the device and your funds. Additionally, they both come with recovery seeds in case you ever lose your device or it gets stolen.
1. PIN code to access your device,
2. Passphrase for accessing specific sub-wallets; and
3. Recovery phrase to restore your device.
Coins supported
The Trezor One has support for 1000+ coins including Bitcoin, Ethereum (including ERC20 tokens), ZCash, Bitcoin Cash, Bitcoin Gold, Bitcoin Diamond and Litecoin. It also includes support for third-party plugins that are available on Trezor’s website.
The Model T has support for Bitcoin, Ethereum (including ERC20 tokens), Bitcoin Cash, Bitcoin Gold, Litecoin and Dash. The Model T also supports more coins than the Trezor One; as it includes support for Ripple, Monero, and a variety of other ERC20 tokens.
The Trezor has several benefits over competing wallets. It can store all currencies and doesn’t need additional apps, making the device more user-friendly.
Price & Where to Buy
Both devices are available from the Official Trezor website.
The price of the Model T is currently $250, whereas the Trezor One is priced at $70. Prices are subject to change.
Trezor alternatives
Even though you researched the difference between the Trezor One and Model T, it’s good to know about the other cryptocurrency hardware wallet options. If you’re not interested in the Model T for some reason, or if it’s sold out, there are a few other good options on the market. The Ledger Nano S is a very popular alternative to the Trezor. It has many of the same features as the Trezor and is also very secure. It’s a little less expensive than the Model T, costing around $60. Another good option is the KeepKey. It’s a little more expensive than the Ledger Nano S, but it supports more coins than any other hardware wallet on the market. You can buy the KeepKey for around $100.
See our full review and comparison Ledger vs Trezor vs KeepKey
TREZOR One vs Model T – Which Hardware Wallet Is Best For You Overall?
Despite their similarities and differences, both hardware wallets offer convenience and peace of mind when it comes to storing and managing cryptocurrencies. They provide secure storage space for digital assets and allow users to
The company behind Trezor has been delivering high quality and secure crypto wallets since the start of crypto. Whether you’re a novice or an expert, you’ll find these wallets easy to use while performing secure transactions. Both the Model T and Trezor one are very secure, which keeps them safe from hackers or other malicious attacks. It’s critical that you protect your cryptocurrency investments.
