SatoshiLabs launched Trezor hardware wallet (Trezor Model One) in 2013 as the world’s first hardware wallet to store Bitcoin and other cryptocurrencies like Ether, XRP, ADA and more. Trezor offers two popular models of hardware wallets-Trezor Model One and the premium Trezor Model T. This guide is focused on analyzing trezor one vs model t to determine which one is suited to your needs.
Let us quickly jump to the next section to compare the two Trezor wallets-Trezor Model One and Model T and see which one is better or rather better suited to your needs.
In case you want to know more about crypto wallets, refer to this guide.
Table of Contents
Trezor One vs Model T
The below table maps the functionalities of the two hardware wallets.
| Features | Model One | Model T | Winner | Comments (if any) |
| Cost | Cheaper (around USD 70) | Costly as compared to Model One (around USD 215) | Model One | |
| Look and Feel | Inferior | Superior-Offers colored touch screen | Model T | Trezor Model T offers some enhanced features like: (A) full colored LCD touchscreen (B) SD Card |
| Security | Highly secure | Offers some more security features like Shamir Backup, FIDO2 authentication, Encryption via GPG | Model T | Though Model T as you can witness offers more security features, both Model One and T are highly secure. But if one can afford, he/she can always opt a Model T. |
| Platforms Supported | Same as Model T Windows 8 and later, macOS 10.13 and later, Linux LTS versions, Android 4 and later | Same as Model One Windows 8 and later, macOS 10.13 and later, Linux LTS versions, Android 4 and later | Tie | |
| Size and Weight | Smaller and lighter as compared to Model T 60 mm x 30 mm x 6 mm or 2.4 in x 1.2 in x 0.2 in Weight-12 grams | Larger as compared to Model One 64 mm x 39 mm x 10 mm or 2.52 in x 1.54 in x 0.39 in Weight 16 grams | Model T | Depends on personal needs. If one needs a smaller wallet then he/she can go for Model One, else Model T |
| Security Protections | PIN entry via keyboard of phone or desktop Passphrase entry via keyboard of phone or desktop Recovery seed entry via keyboard of phone or desktop | On Device PIN entry On Device Passphrase entry On Device Recovery seed entry | Model T | Since you enter PIN, Seed and Passphrase via the wallet and do not use your desktop or phone, it eliminates any chances of hackers guessing your security PIN or seed. |
| Cryptocurrencies offered | Few cryptocurrencies like ADA, XRP, XTZ (Tezos), XMR (Monero), EOS (EOS) are not supported by Model One | Offer more than thousands of cryptocurrencies | Model T | List of cryptocurrencies offered by Trezor Model One and Model T can be found here. |
| Touchscree | No | Yes | Model T |
For ease and clarity I have pasted the content of the table in the figure below.
FAQs
Which coins or cryptocurrencies does Trezor One and Trezor Model T support?
Both Trezor Model One and Trezor Model T support over thousands of cryptocurrencies including BTC, ETH, XRP, ADA, etc. Few cryptocurrencies like ADA, XRP, XTZ (Tezos), XMR (Monero), EOS (EOS) are not supported by Trezor Model One.
Has Trezor been hacked?
Yes. Recently a Computer Engineer and hacker was able to unlock the funds in the Trezor Model One wallet of an Entrepreneur from NYC. The total value of the funds were USD 2 Million. The Entrepreneur-Dan Reich had lost his security PIN to the wallet. After several unsuccessful attempts (12 to be precise), the Entrepreneur approached the Joe Grand to unlock the wallet by hacking the wallet. After 12 weeks of trial and error Joe was able to hack and unlock the Trezor wallet. He described that he was able to get the PIN from the RAM of the wallet. Trezor commented that this gap has been filled in all the new wallets.
Conclusion
To sum it up, the Trezor Model T is the premium version that has few advantages over the Trezor Model One in terms of look and feel, further enhanced security and more cryptocurrencies being supported. It has a larger screen, touch enabled, more memory, and a faster processor. It is also possible to use the Model T with mobile devices. However, the Model One is still a good choice for those who want a more affordable option and do not compromise on the security.
