According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Mobile
- Desktop
- Proprietary platform
- hardware wallet
- The user chooses the size of the transaction fee
Our Evaluation of Trezor Wallet
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Trezor Wallet is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 4.99 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Trezor Wallet clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
The Trezor Hardware Wallet is an exquisitely designed and functionally handy hardware wallet that helps you manage cryptocurrency exchanges. The wallet has multilevel authentication and a high level of protection against hacking. Almost all cryptocurrencies can be traded on the Trezor exchange. Transactions are confirmed throughout a pool of miners, which guarantees transparency of trading operations.
Brief Look at Trezor Wallet
The Trezor Wallet is a hardware wallet used to store cryptocurrencies that includes cryptocurrency exchange functionality. The cross-platform wallet can be synchronized with a personal computer or smartphone after special software has been pre-installed on the device. You can trade on the crypto exchange and conduct transactions from the wallet itself. There are over 1,000 cryptocurrencies and tokens for trading on the exchange, including Bitcoin, Ethereum, Litecoin, and Ripple. The funds on the wallet are stored in Bitcoins. The free-of-charge conversions and transfers to other wallets are icing on the cake. You can use bank accounts, e-wallets, or gift cards and there are no limitations regarding deposits or withdrawals.
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- simplistic registration and intuitive interface;
- the ability to trade almost all cryptocurrencies;
- funds are kept in offline hardware storage;
- the absolute highest level of digital security;
- loads of features for developers and businesses;
- five-star support service;
- fine-tuning the wallet according to the criteria of a particular user.
- crypto exchanges cannot be used without a hardware wallet;
- it’s impossible to deposit or withdraw funds from or to debit cards.
TU Expert Advice
Author, Financial Expert at Traders Union
Trezor Wallet is primarily a hardware wallet with cryptocurrency exchange capabilities. Traders have access to over 1,000 cryptocurrencies and tokens, including Bitcoin and Ethereum, which may be traded directly from the wallet's interface. The platform offers digital security features with a high level of protection against hacking and multilevel authentication. One of the standout advantages is the absence of direct deposit and withdrawal fees, along with user-selected transaction fees, which provide flexibility for traders desiring faster transaction processing.
Drawbacks include the necessity of owning a Trezor hardware wallet to use its exchange features, as well as potentially limited fiat funding options compared to a dedicated crypto exchange. It is also not government-regulated, suggesting limited regulatory oversight. Trezor Wallet may suit traders focused on security and cryptocurrency diversity, but those seeking broad funding options or traditional regulatory assurance may find it less suitable.
Trezor Wallet Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | Proprietary platform, hardware wallet, PC, smartphone |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | XBT |
| 💵 Deposit / Withdrawal: | Bank accounts, cryptocurrency wallets, e-wallets, and gift cards |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | zero-entry |
| 💱 Commission: | No |
| 🔧 Instruments: | Cryptocurrencies, US dollars |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | A limit order, Market order |
| ⭐ Trading features: | The user chooses the size of the transaction fee |
| 🎁 Contests and bonuses: | Not indicated |
The Trezor Wallet offers one of the most convenient cryptocurrency exchanges, where users choose the amount of the commission themselves following the requirements for the speed of transaction execution. This makes trading more flexible and opens up additional opportunities for experienced traders, who can, if necessary, make transactions faster by choosing higher commissions. But fees are not the only metric for a crypto exchange.
Trezor Wallet Key Parameters Evaluation
Video Review of Trezor Wallet
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Regulation and safety
Trezor Wallet received a score of 0.75/10, indicating a low level of security and regulatory compliance. This suggests that the platform may lack essential protections, and users should exercise extreme caution.
- No successful hacks history
- No investor protection fund
- Not U.S regulated
- Cold wallet storage is not mandatory
- Not tier-1 regulated
Trezor Wallet Security Factors
We also compared Trezor Wallet against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| Trezor Wallet | OKX | Kraken | |
| Tier-1 regulation | - | No | Yes |
| Government-regulated | - | Yes | Yes |
| Investor protection fund | - | Yes | No |
| 2FA | - | Yes | Yes |
| Facial recognition | No | Yes | No |
| Cold wallet storage | - | Yes | Yes |
| Successful hacker attacks | - | No | No |
Is Trezor Wallet a regulated crypto exchange?
Trezor Wallet is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean Trezor Wallet is unreliable, government-regulated exchanges are generally considered more reliable due to the added oversight and client protection they offer.
Is verification (KYC) mandatory at Trezor Wallet?
KYC verification is not mandatory for opening an account and trading at Trezor Wallet. However, unverified accounts have certain limitations, such as lower withdrawal limits and restricted access to certain features.
In which countries is Trezor Wallet available?
Trezor Wallet complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Bahrain, Palestine, Jordan, Iraq, Qatar, Kuwait, Lebanon, Libyan Arab Jamahiriya, Oman, Syrian Arab Republic, Tunisia, Yemen, Botswana, Tanzania, United Republic Of, Zimbabwe, Namibia, Ethiopia, Jamaica, Zambia, Hong Kong, Afghanistan, Trinidad and Tobago, Brunei, Nepal, Serbia, Somalia, Cameroon, Rwanda, Slovenia, Eswatini, Croatia, Mongolia, Burma, Montenegro, Cambodia, Taiwan, Mozambique, Madagascar, Dominican Republic, Albania, Mauritius, Puerto Rico, Cote d'Ivoire, Laos, Macedonia, Papua New Guinea, Costa Rica, Luxembourg, Malta, Ecuador, Bahamas, Haiti. For the most up-to-date information on regional availability, please contact Trezor Wallet support.
Is Trezor Wallet available in the USA?
Trezor Wallet is not available in the USA due to regulatory restrictions. In some cases, access might differ by state, so we recommend confirming details with the platform’s support or checking the official website for the latest updates.
You may also consider the top 3 exchanges that are available in the USA and rank highly based on our methodology: OKX, Kraken, Crypto.com .
Trezor Wallet commissions and fees
Trezor Wallet has earned a rating of 8.5/10 for its trading fees. This makes it a highly attractive choice for active traders seeking to reduce costs, as Trezor Wallet is a platform with minimal crypto trading costs.
- Spot fee below industry average
- No deposit fee
- No Withdrawal fee
- P2P fee applied
What are Trezor Wallet trading fees?
We analyzed Trezor Wallet’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
Trezor Wallet trading fees vs competitors
| Trezor Wallet | Nexus Trade | Paxful | Industry average | |
| Spot, maker fee (%) | 0 | 0,22 | 0 | 0.15 |
| Spot, taker fee (%) | 0 | 0,22 | 0 | 0.194 |
What are Trezor Wallet deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0 |
Does Trezor Wallet offer P2P trading?
No, Trezor Wallet does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and withdrawal
Trezor Wallet received a 1/10 rating for its deposit and withdrawal services. Trezor Wallet offers limited funding options and may charge fees, which could be inconvenient for many users.
- No deposit fees
- No withdrawal fee
- No PayPal option
- No crypto payments
- Bank transfers not available
Deposit and withdrawal options
Trezor Wallet supports the following deposit and withdrawal options:
Trezor Wallet Deposit and withdrawal options vs competitors
| Trezor Wallet | OKX | Kraken | |
| Bank transfers | No | No | Yes |
| Bank card | No | Yes | Yes |
| Crypto | No | Yes | Yes |
| PayPal | No | No | Yes |
What is Trezor Wallet minimum deposit?
The minimum deposit at Trezor Wallet is - USD/USDT or - BTC. The minimum trade size is - USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Trezor Wallet minimum deposit vs competitors
| Trezor Wallet | OKX | Kraken | |
| Minimum deposit, USD or USDT | 10 | 10 | |
| Minimum deposit, BTC | 0,0005 | 0,0001 | |
| Minimum trade amount, USD/USDT | 0,00001 | 1 |
Does Trezor Wallet support fiat money?
Trezor Wallet does not support fiat currencies; only cryptocurrencies are accepted.
Investment Options
The Trezor Wallet does not offer investment programs to its users. The only passive income option is an affiliate program designed for bloggers. The company also has programs for resellers and one-time bulk purchases. The Trezor Wallet gives individuals the opportunity to store their cryptocurrencies in one place and get paid from the direct purchase and sale of currencies on the exchange.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Trezor Wallet’s affiliate program:
The Trezor Wallet affiliate program is different from the referral programs of most other exchanges. It’s impossible to invite users to the exchange and then receive a percentage of their transactions. The program works as follows:
the user posts a referral link to the Trezor Hardware Wallet store on his blog;
the user receives 12-15% of the order amount for each customer who purchases a hardware wallet using that link.
Affiliate program payments are made monthly. The user himself chooses how to receive payments: to a Bitcoin wallet or his bank account. The account can be topped up in one of two currencies, in US dollars or Czech crowns.
Contacts
| Foundation date | 2014 |
|---|---|
| Registration address | Prague, Hlavni mesto Praha, Czech Republic |
| Official site | https://trezor.io/ |
| Contacts |
808-825-5577
|
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