Bitcoin wallets are an ever growing necessity as the price of Bitcoin continually climbs to new heights. Therefore, I am going to start looking into some of the options on the market that you may want to check out for yourself to protect your assets. These reviews will be a general overview of the product features, my personal opinion on if it is a good purchase or not, and a few things you may want with your wallet if you decided to buy one. First on the agenda is a well known Bitcoin wallet called, Trezor One. Here is my Trezor One Review and Overview.
Nothing should be considered investment or financial advice. Enjoy the ride.
Trezor One Review
Everyone knows the importance of having a cold storage solution on hand. All of the largest exchanges keep a majority of their reserves in cold storage. Holding crypto in cold storage basically means taking the assets off the network. This way no one can hack into their wallets and drain their customers funds. They are protected by physically separating the funds from the network. It is sort of like turning of your computer and not allowing wireless networks to connect to it.
Trezor One Features
Therefore, let’s take a look at the cold storage provider we are reviewing, Trezor One. Specifically, let us look at some of the features the wallet has. Here are some of the main features for this wallet:
- Protects against standard hacks, viruses, keyloggers, and much more.
- Comes in three clean colors: Black, Grey, or White
- Has the ability to make secure transactions without fear of hackers or malware disrupting your trade. Most importantly, the private keys of your cold storage wallet never leave the device.
- This device is universally compatible for Windows, macOS and Linux. In addition the product comes with clear instructions for how to install, update, and transfer crypto for each OS. It also comes with it’s own USB cable to prevent wireless connections.
- This hardware wallet is also extremely compact and durable. The standard size comes as 2.4 x 1.2 x .2 inches. In addition, the wallet only weighs around half an ounce.
- For internal hardward, the device hosts a 120 MHz embedded ARM processor Cortex M3 which runs on a custom developed system by Trezor.
- The easy to see OLED screen is 128×64 pixels. It can show up to 6 lines of text which lets you see all your information in a single glance.
- Finally, this hardware wallet comes at a great market price of around $40. That is only $40 to protect potentially thousands of dollars in crypto and more.
Clearly, the Trezor is one of the top products on the market for this price range. There are plenty of amazing features, and most importantly, the Trezor protects more than just Bitcoin.
Storing Crypto on Trezor One
An absolute huge selling point for myself was all of the crypto the Trezor One hardware wallet holds. For a complete list go to their site here to make sure your crypto is listed. Namely, here are some assets supported by the hardware wallet:
- Bitcoin (BTC)
- Ethereum and all native ERC20 tokens (ETH)
- Ethereum Classic (ETC)
- Stellar (XLM)
- Cardano (ADA)
- Chain link (LINK)
- Basic Attention Token (BAT)
- Monero (XRM)
- Litecoin (LTC)
- Zcash (ZEC)
- Bitcoin Cash (BCH)
- More on the website
This is a pretty huge list of assets allowed. A big problem with most wallets on the market is the ability to hold multiple cryptos on one wallet. This wallet does not have that problem which makes it stand out above the competition.
Should You Buy a Trezor One?
Well, the general consensus is that Trezor is one of the most reliable and trusted wallets currently on the market. I have plenty of friends that use one, and I have never heard any of them complain or lose their crypto. For those reasons, I would say it is a pretty solid purchase for any avid crypto hodler.
In addition, it is good to have one for general purposes. When hodling crypto, you need to always be aware of the potential risks at play. Hackers can breach any platform, server, or website. You have to make sure your main reserves are guarded and off the network. That is the ONLY way you can fully protect your crypto. Therefore, I would say the Trezor one is a solid buy at the low price of $40 on amazon.
In conclusion, my Trezor One review leads me to say the wallet is a great purchase. Although, other great products to have along side the Trezor One is the carrying case and the travel case. Remember, this thing needs to be better protected than your phone.
Trezor One Carrying Case
The Trezor One unfortunately does not come with a native carrying case, but there is one for $10 on the market which seems like a steal to me. The hardwallet combo case comes suitable for the Trezor One or the Nano S. I recommend getting a case with your wallets, that way you do not lose them or they get accidentally damaged. Think of it like a phone, you would want a case for your phone right?
Although, if you want more of a travel case, they have one for even cheaper around $9 that works just as well. This compact travel case is very durable and made of a Nylon hardshell. The inside has a mesh pocket for the USB cable and has a high grade zipper simply because, why not? I highly recommend this case if you travel to other countries frequently and plan on keeping some additional crypto on you for spending pleasure. Or simply if you do not trust leaving your crypto anywhere you are not.
Thanks for reading my Trezor One Review! I hope it helped teach you something about the hardware wallet, and maybe you’ll want one yourself to protect your investments!