The Trezor Model T, a crypto hardware wallet manufactured by Satoshi Labs, has just been released, but is it worth the money? Asia Crypto Today has reviewed the new release, to give you the answer.
With Bitcoin and other cryptocurrencies gaining recognition, hackers continue to devise new means to steal from innocent cryptocurrency investors. With hot cryptocurrency wallets being an easy target for hackers, using a hardware wallet is the most secure way. The Trezor Model T is the answer for security and peace of mind.
The wallet can be used to store Bitcoin (BTC), Ether (ETH), Litecoin (LTC), DASH, among others. To help improve security and management of stored digital wealth, Satoshi Labs employs its in-house Trezor Core firmware on the Trezor Model T.
Among its outstanding features, the hardware wallet has a bright liquid crystal display (LCD), supports USB type C to facilitate connections to the mobile phone or computer, is compatible with external wallets, and has Android support.
When it comes to security, Satoshi Labs only offers the best. For example, on Trezor Model T, a user’s digital keys are used to individually lock passwords with the help of a password manager (Trezor Password Manager).
Additionally, the hardware wallet uses the on-board LCD display to help the user maximally interact with a transaction before approving it. In case of loss or theft, users can recover their entire wallet through the use of a 12-word recovery phrase.
However, the phrase needs to be written down and stored separately since losing it would mean bidding goodbye to your crypto wealth. Also, the wallet allows the creation of new wallets. Note that the new wallets can only be accessed through a passphrase coupled with the device’s PIN. Interestingly, the new wallets act as segmentations of the Trezor Model T. Therefore, each segment (new wallet) can be used to store cryptocurrencies independently.
As earlier stated, the hardware wallet is compatible with Android-powered laptop and mobile devices. Unfortunately, Satoshi Labs is yet to enable support for iOS. To interface with Android devices, the Trezor Manager has to be downloaded from the Google Play Store. The Trezor Manager application helps users to interface with the hardware wallet when viewing account details, generating addresses, and sending virtual currencies.
Luckily, for those using Bitex and Bitstamp crypto exchanges, the new wallet can be used to connect to these exchanges directly.
Hardware Design And Multi-currency Support
The hardware wallet features a relatively big LCD display that measures 240 by 240 pixels and weighs 22 grams. Also, the Trezor Model T measures 2.5 inches by 1.5 inches by 0.4 inches.
Notably, the Trezor Model T doesn’t feature physical buttons. Instead, it features a touch screen enabling for easy navigation and interaction with the device.
Being one of the leading hardware wallets, the Trezor Model T supports over 1000 cryptocurrencies. With Satoshi Labs releasing updates, the wallet continues to expand its range of supported coins.
Is the Trezor Model T Worth Your Money?
Of course. Compared to other hardware wallets in the market today, the Trezor Model T’s price is relatively low considering the premium features it houses. Although some may find a retail price of approximately $179 to be high, the wallet’s top security features, multi-currency support, superior hardware design with a prominent touchscreen LCD display is worth the price.
Final Words on the Trezor Model T
It’s evident that Satoshi Labs is committed to securing your cryptocurrencies. Although the choice for a hardware wallet is a personal preference, the Trezor Model T’s capability to store half of the cryptocurrencies in existence and its integration with major cryptocurrency exchanges makes it a sure winner.
An important point to note is that compared to the Ledger Nano X, Ledger Nano S, Trezor One, KeepKey and Enjin Wallet, the Trezor Model T, out of five stars, scores 4, 4, 5, and 4 stars in security, multi-currency support, hardware design, and ease of use respectively.