Orca Crypto
Wallet review

Trezor

The original hardware wallet, and fully open source.

Updated 2026-08-304 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

Is Trezor safe?

The software itself is widely used and maintained. The realistic risks are not the wallet, they are fake downloads, phishing sites, malicious approvals and a poorly stored recovery phrase. See our security checklist.

Is Trezor free?

The device is a paid hardware purchase. Buy directly from the manufacturer, never secondhand and never from a marketplace listing, because a tampered device can arrive preloaded with an attacker seed phrase.

Can I use more than one wallet?

Yes, and most experienced people do. A common pattern is a hot wallet with a small balance for daily use and a hardware wallet holding the rest.

What happens if I lose the device or uninstall the app?

Nothing, provided you have the recovery phrase. Restore it in a new install or a new device and every account comes back. Without the phrase, the funds are unreachable permanently.

Where to go next

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.