HARDWARE WALLET REVIEW · Updated June 2026
Trezor Wallet Review 2026
Trezor invented the hardware wallet category in 2014 and still makes some of the most trusted cold storage devices in crypto. Here's the honest picture for UK users in 2026.
Quick verdict
Trezor Safe 3 at £79 is the pick — secure element chip plus fully open-source firmware. If budget is tight, the Model One at £49 still works for Bitcoin and Ethereum holders. Both are solid. Neither should be bought secondhand.
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Trezor Hardware Wallets
From £49 · Open source firmware · Buy from trezor.io only
Which Trezor Model?
Trezor Model One
Budget Pick7.5/10£49
The original hardware wallet. Simple two-button interface, micro-USB, and fully open-source firmware. Supports Bitcoin, Ethereum, and thousands of tokens. Does not support Cardano (ADA) or Ripple (XRP) natively — check compatibility before buying.
Pros
- Cheapest reputable hardware wallet
- Fully open-source firmware
- Established 10+ year track record
- Simple interface — hard to make mistakes
Cons
- No USB-C (micro-USB)
- No secure element chip
- Does not support ADA or XRP natively
- Older display — very small screen
Trezor Safe 3
Best Trezor8.5/10£79
Trezor's current best-value device. Adds a secure element chip (EAL6+) to the open-source foundation — addressing the one major criticism of earlier Trezor models. USB-C, wider coin support, and a better screen than the Model One.
Pros
- Secure element chip (EAL6+)
- Fully open-source firmware
- USB-C connection
- Supports wider coin range than Model One
- Good value at £79
Cons
- Still no touchscreen
- Slightly less polished app than Ledger Live
- Newer model — less community track record than Ledger
Trezor vs Ledger — Key Differences
FirmwareFully open sourcePartially proprietary (secure element)
Secure elementSafe 3: EAL6+ / Model One: noneEAL5+ on all current models
Best price£49 (Model One)£79 (Nano S Plus)
Coin supportWide — check trezor.io/coins5,500+ including ADA, XRP
App qualityTrezor Suite (good)Ledger Live (more features)
Data breach historyMinor phishing incidents (no device exploits)2020 customer data breach (no funds lost)
Frequently Asked Questions
Is Trezor safer than Ledger?＋
Both are secure for most users. The key difference: Trezor firmware is fully open-source (auditable by anyone); Ledger's secure element chip has some proprietary code. Trezor Safe 3 added a secure element chip in 2023, narrowing the hardware gap. Ledger had a customer data breach in 2020 (addresses exposed, not funds). Neither has lost user funds through a hardware exploit. Most security experts consider both acceptable — the bigger risk is user error, not device vulnerabilities.
Does Trezor work with UK exchanges like Coinbase and Kraken?＋
Yes. Trezor works with most major exchanges via Trezor Suite (their desktop app) or MetaMask for Ethereum tokens. You keep private keys on the device — the exchange never controls your coins.
What coins does Trezor support?＋
Trezor supports Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and thousands of ERC-20 tokens natively. The Model One does not support Cardano (ADA) or Ripple (XRP) — the Safe 3 has broader support. Check trezor.io/coins for the full list.
Is Trezor open source?＋
Yes — Trezor's firmware is fully open source and available on GitHub. Anyone can audit the code. This is Trezor's main security advantage over Ledger, which has some proprietary code in its secure element chip.
Should I buy Ledger or Trezor?＋
For most UK users, both work well. Choose Trezor if you value fully open-source firmware and transparency. Choose Ledger if you want the widest coin support and a more polished app experience (Ledger Live is generally more feature-rich than Trezor Suite). The Trezor Safe 3 and Ledger Nano S Plus are similarly priced at around £79 — either is a solid choice.
Where should I buy a Trezor in the UK?＋
Buy from trezor.io directly. Avoid secondhand devices — a tampered Trezor can steal funds. Trezor also ships to the UK with standard delivery times.
Keep your crypto off exchanges
Buy from trezor.io only — never buy secondhand.
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