Trezor Model T Versus Trezor One
The Trezor Model T and Trezor One are hardware wallets that are designed by SatoshiLabs. The company’s two hardware wallets are praised for their security, usability, and support for a wide range of cryptoassets. The Trezor Model T is the newer, updated hardware wallet. The Model T has more features and is more expensive than the Trezor One.
The Trezor Model T represents a crucial product in a new generation of Bitcoin hardware storage. As the cryptocurrency market continues to grow at an alarming rate, it is inevitable that more individuals and businesses will begin holding cryptocurrencies.
This article will help you make an informed decision on whether to buy the Trezor Model T or Trezor One or whether to upgrade to the Trezor Model T if you already have another hardware wallet.
For a higher price, the Trezor Model T has the following advantages over the Trezor One:
- Supports more cryptocurrencies
- Features new RGB color touchscreen
- New hardware features such as an SD card slot and built in mobile connectivity
Advantages of Trezor Model T Over The Trezor One
Supports more cryptocurrencies
When choosing a hardware wallet, the first thing you should always check is whether the hardware wallet supports the specific cryptocurrencies that you have invested in or are planning to invest in. The Trezor Model T supports all the coins that the Trezor One supports plus additional coins that are only supported by the Model T. Both the Model T and the Trezor One support most of the major cryptocurrencies such as Bitcoin, Litecoin, Vertcoin, Ethereum and all of the ERC20 tokens. SatoshiLabs and third party wallet developers are continuously adding support for more cryptocurrencies for both Trezor devices. If you are a crypto investor especially interested in purchasing diverse altcoins, Binance is an online global exchange with an exceptionally wide range of options. Of course, after purchasing your coins online, be sure to store them securely offline in your hardware wallet(s).
Color Touchscreen
The most notable difference between the Trezor Model T and Trezor One is that the Model T has a touchscreen and the Trezor One has two push buttons. The touchscreen’s main advantage is accessibility, but it also provides a security advantage during the recovery seed process. With the Model T you can easily enter in a recovery phrase exclusively through the device’s touchscreen. This protects your recovery seed from being entered in on your computer and potentially being compromised by malicious software containing keyloggers.
The touchscreen of the Model T is more accessible than the two push buttons of the Trezor One (or Ledger Nano S). Not only is entering recovery seeds more easy and secure, but so is entering passphrases, PIN codes and configurations for the device.
The Model T touchscreen is also a larger display, which makes it easier to see and verify the public address during transactions.
New Hardware and Compatibility
The hardware of the Trezor Model T has been upgraded for the next generation. The Model T has a USB-C connector and a MicroSD card slot. The device also has a new, faster processor and operating system. The USB-C connector is compatible with any computer or android mobile device. The MicroSD features are not yet functional but Trezor plans to use the card slot for data encryption, password management and signing offline transactions. The Trezor Model T was built with expandability in mind.
Trezor Model T and Trezor One Features
Both of the Trezor hardware wallets offer the same top-notch, sophisticated security and if used correctly should protect you from any type of hacking. The following are the features that both Trezor hardware wallets include:
- Cold Storage
- Native support for ERC20 tokens
- Recovery Seed
- PIN Code
- Address Verification
- Password Manager and U2F
- Advanced Passphrase
Cold Storage
Hardware wallets are based on the principal of cold storage. Cold storage means that your private keys remain completely offline. With a Trezor hardware wallet, the private keys are stored in the device’s secure microprocessor and when you plug in the device to your computer, the private keys will still remain isolated from the computer that is connected to the internet. This means that even if you plug in your Trezor hardware wallet to a computer infected with malware or a public computer, your private keys and therefore cryptoassets will remain completely secure. Hardware wallets are the only way to keep your private keys completely offline, because even with paper wallets you will have to enter your private keys into a computer when you are ready to make a transaction.
Native support for ERC20 Tokens
Trezor allows native support for ERC20 Tokens. This means that you can use the Trezor web wallet interface to send and receive ERC20 Tokens, instead of third party interfaces such as MyEtherWallet or MyCryptoWallet.
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Recovery Seed
Trezor wallets use hierarchical deterministic recovery seeds. This method secures all of your private keys, public keys and addresses with a 12,18 or 24 word recovery seed. You will write down this recovery seed on paper and store it completely offline. If the Trezor physical device is lost or stolen you will be able to recover all of your cryptoassets by entering in the recovery seed into another Trezor wallet or into any other compatible wallet.
The Trezor One generates a 24 word recovery seed, but can also take in a 12, 18 or 24 word recovery seed from other compatible wallets. The Trezor Model T generates a 12 word recovery seed, but can take in 12, 18 or 24 word recovery seeds from other compatible wallets. The Trezor Model T only needs 12 words as opposed to the Trezor One, because the recovery seed of the Model T is exclusively entered on the touchscreen and not on the computer. If you have a 24 word seed that you were using with a Trezor One, then you will be able to import that recovery seed and all of the associated cryptoassets onto the Trezor Model T.
For more information on recovery seeds, check out this article.
PIN Code
If an unauthorized person gets access to your Trezor wallet, they will still not be able to gain access to your cryptoassets because of the PIN Code. The PIN code is 4-9 digits long and gets reset after multiple failed attempts. If you forget your PIN Code, you can reset the device and recover all of your cryptoassets with the recovery seed.
Address Verification
When you are sending or receiving cryptoassets you will confirm the address on the screen of the Trezor wallet. This protects you from accidentally entering in the wrong address and from malware that changes the address at the last second. The address is easier to read on the Trezor Model T than on the Trezor One, because of the larger screen.
Password Manager and U2F
Trezor hardware wallets can be used as password managers and two factor authentication devices (U2F).
In today’s age, it can be difficult to remember all the various complex passwords for each of your online accounts. The Trezor Model T can remember all of you login, URL and password information. When you are logging into an account, you can confirm on your Trezor device and the device will enter your password in for you. The Trezor Password Manager works with Google Drive or Dropbox to store passwords in an encrypted form. If your Trezor device gets lost or stolen, you can still recover all of your password information with your recovery seed.
Trezor hardware wallets also have the option to serve as a two factor authentication device for any of your online accounts. Two factor authentication is when you use a device to confirm your login, in addition to your password and username. The Trezor wallet uses Universal Second Factor (U2F) authentication which is a superior method than the commonly used Time-based One-time Password (TOTP) authentication.
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Advanced Passphrase
For users who want even more security for their cryptoassets, Trezor has an advanced passphrase option. The Trezor Model T allows you to enter the passphrase exclusively on the devices’ touchscreen and not into the computer. The advanced passphrase is a word or passphrase in addition to the 12,18 or 24 words from the recovery seed. The additional passphrase will protect your cryptoassets in the event that your recovery seed is compromised. The advanced passphrase works by giving you multiple accounts. For example, you could have one main account that stores a small amount of cryptoassets and corresponds to the recovery seed, and then you could also have a hidden account with the bulk of your cryptoassets that is unlocked with the additional passphrase.
Comparing the Trezor One vs. Model T | What Hardware Wallet is Best for You?
When comparing the Trezor Model T vs. Trezor One, the Model T is a new and improved hardware wallet with a higher asking price. However, it also comes with some advanced features that the Trezor One simply doesn’t provide as a first-generation option. The Trezor One was the first hardware cryptocurrency wallet ever, released in 2014. For this reason, Trezor One continues to mark a special and momentous occasion in the history of bitcoin and cryptocurrency storage.
Although the Trezor One comes with virtually all the essential features a user needs to keep private keys protected from those with nefarious intentions, the Trezor Model T represents continued innovations from SatoshiLabs. Nevertheless, the question remains, the Trezor Model T vs. Trezor One, what hardware wallet is best for you?
User Friendliness for Beginners
When considering getting involved in cryptocurrency storage, new users wonder, “Is a crypto-wallet easy to use?” The most important thing to consider for beginner ease-of-use is how a user will interact with a device.
Comparing the Trezor Model T vs. Trezor One, the Trezor One is a simpler, albeit less elegant, design. As an older device, the Trezor One doesn’t provide a touchscreen. However, the Trezor Model T has a touchscreen built-in directly to the device. Touch Screens typically make it much easier for SatoshiLabs to cultivate a user experience that remains accessible to almost any user.
The Trezor One remains the better selection for individuals that prefer fewer options and variables at their disposal. While the age in design and the physical device may seem like a detractor, the Trezor One remains the ideal solution for any user who prefers a more “hands-on” experience.
Alternatively, the Model T remains an advanced, graceful upgrade in seemingly every other way. The device is far more user-friendly for beginners due to touchscreen integration enabling a broader scope in terms of functionality. Users can also manage everything directly on the device without integrating their hardware wallet with a phone or laptop.
For anyone looking for the most beginner-focused design and considering the Trezor One vs. Model T designs, the Model T typically represents a more suitable device for beginner users.
Hardware Options | Security
The integration of a touchscreen is not the only notable difference regarding the advancements made to the Trezor Model T. The newer Trezor Model T vs. Trezor One offers support for MicroSD cards and gives users a faster processing speed. Users can also connect the device to smartphones and laptops via a USB-C connector.
A significant difference in security factors between the Trezor Model T vs. Trezor One is where a user’s keys are stored and kept. The Trezor One must interact with a phone or computer. This interaction, unfortunately, could introduce vulnerabilities. If a user accesses or sets up funds through a phone with security issues, this could produce the chance that the hardware device also becomes infected.
Model T users can depend on the MicroSD slot for encryption, encrypting files on storage cards with the keys held directly on the Trezor device. No one can access the files on the card unless they physically possess the hardware wallet and the associated PIN code.
Available Crypto Options
The majority of the underlying functionality found between the Trezor Model T vs. Trezor One is very similar, but the Model T offers larger support for various cryptocurrency assets. This includes popular options like Ripple and Monero that users cannot store on the Trezor One.
Users cannot store the same amount of assets with the Trezor One vs. the Model T. The Trezor One does provide support for the majority of popular assets like Ethereum, as well as bitcoin.
Some of the storable crypto options available to the Model T include:
Why Choose the Trezor One?
It would seem that (outside of an increased price tag) the Model T holds a stark advantage over the Trezor One hardware wallet. Any product serving as the very first of its kind risks becoming obsolete. Technology never stands still. Nonetheless, despite its advancing age, the Trezor One still stands remarkably well in the crypto storage market after eight years of life since its advent in 2014.
The most important consideration for most crypto users is what their crypto wallet will support. Most users today hold various cryptocurrencies in diverse portfolios. Although the potential storage options in the Trezor One are not as robust as the Model T, the more affordable of the two hardware wallets still support most of the major coins and various altcoins.
Options like Cardano, EOS, and Tezos are also exclusively available on the Model T. When deciding between the Trezor Model T vs. the Model One, it remains essential to consider if these cryptos are even something a user will be carrying. The Trezor One remains the best “bang for your buck” available among hardware wallets. While cheaper options currently exist on the market, the Trezor One remains a battle-tested, viable option providing users with Trezor’s sterling security reputation for a worthy investment far exceeding its low price tag.
Why Choose the Trezor Model T?
The Trezor Model T ups the ante amongst cryptocurrency hardware wallets. While the obvious feature is the integration of touchscreen functionality, doing away with the Trezor One’s two-button system. The Model T is a bigger and better version with improvements across the board.
Trezor continues to live up to its sterling reputation as one of the biggest players and top manufacturers in the crypto storage industry. The Model T represents the new flagship for Trezor, with the only notable downside being the increased price over the Trezor One. When price doesn’t serve as a deal-breaker, the Model T stands as the best, most secure crypto wallet on the market today.
Conclusion
Choosing between a Trezor One vs. Model T will come down to how much money a consumer wants to spend on a hardware crypto wallet solution. The Model One ably gets the job done for anyone wanting a secure option for their crypto holdings.
For many, Model T's touchscreen integration, additional cryptocurrency options, and ease of use warrant an increased cost. A standalone device's added usability and potential security benefits serve as a fantastic value for those willing to pay the price of the newer and more advanced Model T.
Both of the Trezor Wallets give your cryptocurrencies great security, while allowing transactions to be efficient. As long as you buy your Trezor hardware wallet from an authorized seller and use the wallet properly, then your cryptocurrencies will be safe from any remote hacking methods. There are no known cases of a Trezor device being hacked remotely without user error. The private keys for Trezor devices are kept offline, preventing hackers from opening the hardware wallets remotely.
Despite their similarities and differences, the Model T and Trezor One offer users convenience and security for storing and managing their cryptocurrencies. Trezor has delivered high-quality and secure storage since the beginning of cryptocurrency itself. Those looking for a "best in class" cryptocurrency hardware wallet can easily find one with Trezor's Model T. Even consumers looking for a more affordable option can still do very well in choosing the Trezor One.
Whether a user is experienced with cryptocurrency or a novice, both wallet options are easy to use while enabling the most secure transactions possible. As users must protect their cryptocurrency investments, the security associated with both the Trezor One and Model T keeps cryptocurrencies safe from hackers and other malicious intent.
If you are only interested in investing in some of the most popular coins and you are not making frequent transactions, then the Trezor One will be sufficient. However, if you want your hardware wallet to support the widest range of coins, especially new coins, then the Trezor Model T is worth it. If you are also making frequent transactions, then the Trezor Model T has the advantage of the touchscreen, which makes transactions more accessible.
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