Trezor Wallet Review 2021

Trezor Wallet Review 2021
Davis J.
Robertson A.
January 2021

8

Position
in rating

Trading terminals:

Mobile Desktop
Proprietary platform hardware wallet
8

Position in rating

8.9/10
Overall rating

Trading terminals:

Mobile Desktop
Proprietary platform hardware wallet

Summary of Trezor Wallet Trading Company Crypto Exchange

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.

💰 Account currency: XBT
🚀 Minimum deposit: $1
⚖️ Leverage: 1:1
💱 Spread: $0.1
🔧 Instruments: Cryptocurrencies, US dollars
💹 Margin Call / Stop Out: No
Attention!

We work with accounts opened exclusively through the Traders Union website.

👍 Advantages of trading with Trezor Wallet:

  • 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.

👎 Disadvantages of Trezor Wallet:

  • crypto exchanges cannot be used without a hardware wallet;
  • it’s impossible to deposit or withdraw funds from or to debit cards.

Overall

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.

Visit Trezor Wallet

Geographic Distribution of Trezor Wallet Traders

Video Review of Trezor Wallet

Trezor Wallet Latest Comments for 2021

8
0
7

Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of Trezor Wallet published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

I mainly use the Trezor Wallet to store assets, but sometimes I also exchange Litecoins for Bitcoins here. I like that you can exchange directly from the Trezor interface and that many cryptocurrencies are supported. The whole process is always fast and safe. Conveniently, there is an observation mode where you can view the information in your personal account even when the wallet is not connected to a computer. I would like the commissions to be lower, then this service will be a real catch.

I bought Trezor Wallet 2 years ago when I started trading on the Forex market. I stored all the available cryptocurrency in it, but I do not change it very often because the on-site exchangers offer hefty fees. At the same time, the speed of receiving funds is quite adequate: on average, money is credited within 40 minutes. The exchange rate changes in real time and is displayed next to the selected exchange service. After confirming the exchange, a link appears to the official website of the exchanger, on which you can click and see the exact information on the transaction. There is also a link to the blockchain explorer, which might come in handy.

My buddy has been using Trezor Wallet for storing cryptocurrencies for 5 years. He was one happy customer, so I purchased one for myself. You need to pay only $100 and your money is under reliable protection. I admired that the Trezor Wallet can store all ERC-20 tokens. There are so many types that you will need more than one wallet. Trezor easily solves this problem, besides, here you can exchange currencies without an internal commission.

I have been storing Litecoin and Ethereum on Trezor Wallet since last year and recently I tried my hand at exchanging. I did not understand the functionality of the device itself from the outset. I purchased a ground-breaking Model T, but I had to start with One. I had to contact technical support more than once for help. By the way, the guys answer precisely, although not quickly. I constantly had to wait for an answer for several hours. There is no chat on the trezor.io website, and the phone number is also not listed. The only option is to email support, which is not very convenient when you need an answer proto.

Trezor currently supports over 1,000 coins and tokens. It’s a phenomenal opportunity since you can store (and more recently also exchange) all available cryptocurrencies in one place. I won’t say that Trezor is the best crypto exchange, because there are platforms with lower fees. However, I still believe that Trezor Wallet currently holds the lead among cold wallets for storing digital currency, including hardware ones.

Trezor Wallet was tested by my sidekicks who have a knack for trading cryptocurrencies. Fair enough, the choice of built-in applications is limited, so not all coins are available. But it integrates seamlessly with other wallets such as MyEtherWallet and MyCrypto. I entered the wrong PIN once and was on tenterhooks that my wallet would be blocked forever. It turned out that you can recover your PIN in no time — you just need to enter a backup phrase. But this does not mean that it will be so easy for others to hack you. The phrase consists of 24 words (not letters!), So you don't have to worry about the safety of your own funds and data.

For three years I have been storing cryptos on Trezor Wallet, and after the Exchange function was added, I tried my hand at exchanging coins. For each operation, brand-new addresses are generated: neither a malicious program nor any single human being can predict their combination. On the services that are presented in the personal account, you can buy cryptocurrency using your bank card. I usually use CoinMate for these purposes. At Trezor Wallet, everything is intuitive and crystal clear: I created a wallet in a heartbeat, transferred coins to this address, and exchanged them. You don't have to worry about security because the coins are stored securely off-site.

2 3 >

Expert Review of Trezor Wallet

The Trezor Wallet is one of the popular cryptocurrency hardware wallets. As polls show, many people buy wallets to access the Trezor exchange, which cannot be accessed without it.

More than 1,000 cryptocurrencies and tokens are currently traded on the exchange. With the Premium package (Trezor Model T), several hundred more assets are at your elbow. The Model T has a color touch screen, the ability to insert an SD card and connect directly to mobile devices.

Protection for the Trezor Wallet is provided by the company's software, which is regularly updated and improved. There is a pin code, passphrase, and cloud access recovery. At least three factors of authentication exclude the possibility of unauthorized use, even if you lose your device.

An important feature of the platform is the absence of commissions for depositing and withdrawing funds. There are only short-term (transactional) fees required to incorporate a transaction into the miner's blockchain. The user can choose the commission at four levels. The highest commission guarantees instant processing of transactions.

Antony Robertson

Traders Union
Financial Analyst

Analysis of the Main Features of this Crypto Exchange

8.9

Overall rating

8.6

/10

Execution of orders

9.2

/10

Investment instruments

9

/10

Withdrawal speed

8.8

/10

Customer Support work

8.5

/10

Variety of instruments

9.3

/10

Trading platform

Dynamics of the Popularity of Trezor Wallet
in 2020 among the Users of the Traders Union

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mär.
Apr.
Mai.
Jun.
Jul.
Aug.
Sep.
Okt.
Nov.
Dez.

Investment Programs, Available Markets, and Products of the Crypto Exchange

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.

Important!

If you are a large investor and plan on investments over $10,000, contact us at [email protected] or by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal 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.

Rebate and Discount Programs of the Traders Union for Trezor Wallet

The only type of fees that the crypto exchange charges are transactional fees (short-term fees). It implies payment to miners for adding a transaction to the blockchain. When a transaction is included in the blockchain, it is considered confirmed. The amount of the transaction fee is determined by the confirmation time. You need to register on the Traders Union website, and then on the Trezor Wallet website using the affiliate link of the Union to save on commissions. This will allow you to return part of the transaction fee for each completed transaction.

Try it!  Try it!

Trading Conditions for Trezor Wallet Users

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.

$1

Minimum
deposit

1:1

Leverage

24/7

Support

Mobile Desktop
Proprietary platform hardware wallet
💻 Trading platform: Proprietary platform, hardware wallet, PC, smartphone
📊 Accounts: Standard
💰 Account currency: XBT
💵 Replenishment/Withdrawal: Bank accounts, cryptocurrency wallets, e-wallets, and gift cards
🚀 Minimum deposit: $1
⚖️ Leverage: 1:1
💼 PAMM-accounts: No
📈️ Min Order: zero-entry
💱 Spread: $0.1
🔧 Instruments: Cryptocurrencies, US dollars
💹 Margin Call / Stop Out: No
🏛 Liquidity provider: No
📱 Mobile trading: Yes
➕ Affiliate program: Yes
📋 Orders execution: A limit order, Market order
⭐ Trading features: The user chooses the size of the transaction fee
🎁 Contests and bonuses: Not indicated

Trezor Wallet Commissions & Fees

Information

The Trezor Wallet allows you to determine the size of the commission for sending a transaction. They are low, economical, normal, or high. It is also possible to set an individual fee. It is important to ensure that the fee is sufficient for the confirmation time you are trying to achieve. Sending a transaction with too low a fee may mean that the transaction will never be confirmed.

Account type Spread (minimum value) Withdrawal commission
Standard Individual No

For clarity, Trader Union experts advise you to compare the details of the Trezor Wallet fee with the conditions of other cryptocurrency exchanges.

Broker Average commission Level
Trezor Wallet $0.1 Low
ByBit $20 High
Bitfinex $0.1 Medium
Trezor Wallet
$0.1
ByBit
$20
Bitfinex
$0.1
Conclusion

The Trezor Hardware Wallet is a handy hardware-type cryptocurrency wallet. Trezor's cryptocurrency exchange allows you to trade a wide range of cryptocurrencies with an individual choice of transaction fees depending on the required transaction speed. You can reduce the commission when registering through the Traders Union affiliate link.

Contacts

Official site

Tags:

trezor trezor wallet trezor bitcoin wallet trezor hardware wallet trezor reviews

The Oldest Reviews of this Crypto Exchange

Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of Trezor Wallet published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

I use Trezor Wallet for storing and exchanging cryptocurrencies. There are also on-site courses provided by CoinMarketCap. In general, it was a real blessing to stumble across this platform. You can send all coins in a snap or transfer in parts to multiple addresses. Trezor does not charge any fees for transferring funds. You can send and receive funds between accounts, but only in one currency. Trezor Wallet is not only reliable but also one of the most convenient crypto wallets and exchangers. Because it is a hardware wallet, the Trezor wallet is much safer than standard software wallets because private keys are held on the physical/hardware device, rather than on a desktop or mobile computer.

Trezor Wallet is perhaps the most prominent hardware crypto wallet, which is why it has caught my eye. It allows you to store a vast array of different currencies, while the developers guarantee their complete safety. This is the main forte of cold wallets for me. Trezor is compatible with Windows 10, but it also works smoothly an Android smartphone. I have a more simplified version: Trezor One. However, I'm already looking at the Model T, it seems to have wider functionality, and the screen is wider than that of the Model One.

The Trezor Wallet supports all ERC20 tokens — mainly because of their storage and exchange. I purchased it. I wasn’t aware of which model to choose for a long time, but following my inner voice I bought a Model T and it has a touch screen, which is much more convenient than buttons. Yet, the primary advantage of the entire Trezor line is that it has a private key and is always stored offline. The result is hackers cannot get to it, because the wallet does not directly connect to the internet. You also need to enter the PIN code every time, not only when you make transactions, but even when you just check the balance.

Trezor is a multicurrency crypto wallet, so you do not need to have multiple wallets if you work with diverse types of coins and tokens. Moreover, it has an Exchange menu for exchanging coins and tokens. There are tons of security features presented on the Trezor wallet platform. And even if somebody cracks your wallet, you just need to enter a backup phrase on another device, and Voilà — you have your money back.

I have been using Trezor wallet for over a year, and so far I have nothing to complain about. The wallet supports the function of a limited USB connection — so if there is a virus on your computer, it cannot reach for your cryptocurrency. On top of that, Trezor is protected from keyloggers: the pin is simply impossible to steal because each time you enter it, the location of the numbers on the screen changes. Setting up the wallet is a cakewalk, but I recommend using the Chrome browser since it is incompatible with the Opera internet browser. Although it may have been like this before, the "User's Guide" will help you.

So far, I only store Bitcoins on Trezor Wallet, but I purchased the basket of coins because I plan to exchange them for Litecoins and Dashes. Usually, a transfer to a wallet takes no more than two minutes. You don't need to use a desktop PC to set up and connect Trezor — you can install everything with the aid of your phone. By the way, you can already sync Trezor data with Dropbox. Is it convenient? Yes, without a shadow of a doubt! But the issue regarding security is a whole different story for everyone.

I used to manage using LedgerWallet, but at one point I realized that there’s not sufficient space on it. To cut to the chase, the size of its memory allows you to create only a few wallets of different coins. I have loads of different altcoins, but not all of them are ERC-20 tokens. For this reason, I decided to switch from Ledger to Trezor, which was an upgrade. Everything is crystal clear, apparent, and pre-installed, so you can immediately use all supported wallets and do not need to configure additional applications.

Author of this Review

Trezor Wallet broker’s review prepared by

John Davis

Traders Union Author and Analyst

John Davis is a Financial and Economic Analyst working with the Traders Union since 2016. During this time, he has written more than 100 analytical articles on technical and fundamental analysis, reviews of financial companies and has developed more than 10 proprietary trading systems. John's motto is to help everyone go from a novice to a professional trader.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.

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FAQs

Do reviews by traders influence the Trezor Wallet rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Trezor Wallet you need to go to the broker's profile.

How to leave a review about Trezor Wallet on the Traders Union website?

To leave a review about Trezor Wallet, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about Trezor Wallet on a non-Traders Union client?

Anyone can leave feedback about Trezor Wallet on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

Why is it more profitable to work with Trezor Wallet through Traders Union?

Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same.

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