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Wallet review

Trezor

The original hardware wallet, and fully open source.

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By the Orca Crypto teamUpdated 2026-09-02How we check this4 min read
The short answer

Trezor is a hardware wallet supporting Bitcoin, Ethereum and most major assets. The original hardware wallet, and fully open source.

What it is

The original hardware wallet, and fully open source.

PropertyDetail
TypeHardware
NetworksBitcoin, Ethereum and most major assets
CustodySelf custody, keys on device
CostPaid hardware device
Hardware wallet supportIt is the hardware

What it does well

Open source firmware you can audit, excellent Bitcoin support.

Where it falls short

Fewer supported chains than Ledger, and no secure element on older models.

Worth remembering
We list drawbacks for every wallet because they all have some. A wallet review with no criticism is an advertisement.

Setting it up safely

  1. Download from the official source only

    Type the URL or use a bookmark. Fake wallet extensions and fake apps are a persistent and effective attack. Check the publisher and the install count before adding any browser extension.

  2. Create a new wallet

    You will be shown a recovery phrase. This is the most important moment of the process.

  3. Write the recovery phrase on paper

    By hand, numbered, two copies in two locations. Never a photo, never a notes app, never a cloud drive, never typed into any website. See seed phrase security.

  4. Verify the backup

    The wallet asks you to re enter some words. Do it honestly rather than screenshotting, because this is your only test that the backup works.

  5. Send a small test amount first

    Five dollars. Confirm it arrives. Then send the rest.

Using it with a hardware wallet

This is a hardware wallet. It pairs with software wallets like MetaMask and Phantom so you get a familiar interface with keys that never touch your computer.

Common questions

What does fully open source actually get me?
Anybody can inspect the firmware and the hardware design, so security claims can be checked rather than trusted. It also means known limitations are public, including the absence of a secure element on some models.
Does Trezor support Solana?
Support is narrower than Ledger's, particularly for newer non EVM chains. If you hold across many ecosystems, check your specific assets before buying.

Where to go next

Compared head to head

The question people actually ask is not "what is this" but "this one or that one". Each of these ends with a pick and the reasoning behind it.

Set up Trezor with us

Installed from the right source, seed phrase backed up correctly, hardware paired if you have one, and a test transaction completed together.

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