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Trezor Model One Review
Historically vulnerable to physical/supply-chain attacks that require the device and specialized equipment (mitigated by using a passphrase), a known trade-off of its secure-element-free design. Firmware is fully open-source, which is Trezor's core transparency argument versus Ledger.
CVBy CoinVetted Research TeamFact-checked by Editorial Standards DeskLast verified: August 2026How we review
Pros
- Fully open-source firmware — independently auditable
- Very low price / accessible entry point
- Long track record as one of the first hardware wallets (since 2014)
- Simple, proven design
Cons
- No secure element chip
- Does not support some assets (e.g. XRP, SOL, ADA, XMR)
- No touchscreen; two-button interface
- As of Jan 2026 SatoshiLabs pulled the Model One from its own store (still available via resellers)
| Brand | Trezor (SatoshiLabs, Prague, Czech Republic) |
| Price | ~$49 USD MSRP |
| Assets supported | ~1000 |
| Companion app | Trezor Suite (desktop and web) |
Security
- fully open-source firmware (auditable)
- PIN protection
- passphrase support
- no dedicated secure element (relies on general-purpose MCU)