Trezor Crypto Wallet Review 2022: Pros, Cons and How It Compares

Our Take

4

The bottom line: Trezor’s hardware cryptocurrency wallets are a good choice for users seeking simple, offline storage with high security. There are no native staking or NFT features, however, so users looking for more Web 3 access might prefer a device from competitor Ledger.

Trezor’s wallets stand out from the competition with security features such as Shamir Backup, which can help you recover your assets if your device gets lost, broken or stolen. However, Trezor devices lack some functionality offered by competitor Ledger or software wallets that connect easily to decentralized applications, or dapps.

Trezor’s standard version, Model One, supports 1,289 cryptocurrencies, while its advanced touch-screen version, Model T, supports 1,456 compatible coins.

You can buy, sell and trade currencies through Trezor’s open-source desktop application, Trezor Suite. Some advanced features require a bit of technical know-how. The device requires third-party software to manage NFTs,…

Continue Reading →

This article was written by Dalia Ramirez and originally published on www.nerdwallet.com