Trezor Model One Review (September 2026)
Verdict: Existing owners. New buyers should choose the Trezor Safe 3.
The Trezor Model One (2014) was the first consumer hardware wallet. It is no longer sold, but Trezor says it will get maintenance until at least 2031 and critical fixes until at least 2036.
Last list price before it was discontinued.
Last verifiedDiscontinued: removed from Trezor's shop on 2026-01-08. Supported with maintenance until at least 2031 and critical security fixes until at least 2036. Its successor is the Trezor Safe 3.
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Trezor Model One specs
- Screen
- Small monochrome OLED, two buttons
- Connectivity
- Micro-USB
- Secure element
- No
- Firmware
- Open source
- Bitcoin-only firmware
- Available
- Backup options
- 12/24-word recovery phrase
- Released
- 2014
- Assets
- Fewer assets than newer Trezors
See every current model side by side in our hardware wallet comparison.
Security
- Recovery phrase backup: yes
- PIN protection: yes
- Passphrase (25th word): yes
- Secure element chip: no
- Open-source code: yes
- Multisig support: yes
- Biometric unlock: no
- Two-factor authentication: no
Features
- Built-in swap / buy: yes
- Staking: no
- NFTs: no
- DeFi / dApps: no
- Browser extension: no
- Mobile app: yes
- Desktop app: yes
- Hardware wallet signing: yes
Networks: Bitcoin, Ethereum, Litecoin, Bitcoin Cash
Ease of use (editorial): 6/10
Pros and cons
Pros
- Open-source firmware with a long track record
- Long support window (critical fixes until at least 2036)
Cons
- Discontinued; no longer sold by Trezor
- No secure element: physical-extraction attacks are known (use a passphrase)
- Micro-USB, small screen, no staking in Trezor Suite
Security incidents (Trezor)
Company-level events that affected customers of this brand, newest first.
- A third-party support-ticketing system used by Trezor was accessed without authorisation, exposing contact details of about 66,000 people who had contacted support. Devices and funds were not affected.
Trezor Model One vs Ledger Nano S Plus
| Feature | Trezor Model One | Ledger Nano S Plus |
|---|---|---|
| Type | Hardware | Hardware |
| Status | Discontinued | Current |
| Price | $69 (last list price) | $79 |
| Assets | Fewer assets than newer Trezors | 15,000+ assets (Ledger's claim) |
| Open source | Yes | No |
| Secure element | No | Yes (certified secure element) |
| Connectivity | Micro-USB | USB-C |
| Screen | Small monochrome OLED, two buttons | Small monochrome screen, two buttons |
| Backup | 12/24-word recovery phrase | 24-word recovery phrase; optional paid Ledger Recover |
| Passphrase support | Yes | Yes |
| Multisig | Yes | Yes |
| Staking | No | Yes |
| DeFi / dApps | No | Yes |
| Mobile app | Yes | Yes |
| Desktop app | Yes | Yes |
| Browser extension | No | No |
| Ease of use (editorial) | 6/10 | 7/10 |
| Best for | Existing owners. New buyers should choose the Trezor Safe 3. | A low-cost first hardware wallet with a secure element. |
Shaded rows differ. Read the full Ledger Nano S Plus review.
Trezor Model One FAQ
Is Trezor Model One safe?
Trezor Model One is a hardware wallet with PIN protection, optional passphrase support and a recovery-phrase backup. Its code is open source, so outside researchers can audit it. Trezor has had 1 company-level incident affecting customers (listed on this page); none let attackers take keys from the devices themselves. Buy only from the manufacturer or an authorised reseller and never use a device that arrives with a recovery phrase already set.
How much does Trezor Model One cost?
Its last list price was $69 (USD), a one-time purchase with no subscription. Last list price before it was discontinued.
Which coins does Trezor Model One support?
Fewer assets than newer Trezors, including networks such as Bitcoin, Ethereum, Litecoin and Bitcoin Cash. Check the official supported-assets list before sending a coin.
Is Trezor Model One discontinued?
Discontinued: removed from Trezor's shop on 2026-01-08. Supported with maintenance until at least 2031 and critical security fixes until at least 2036. Its successor is the Trezor Safe 3.
Sources
Facts on this page were checked on against these public pages. Fees and product lineups change often; always confirm on the provider's own site.
Reader reviews
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Information only, not financial advice. Facts checked Sep 23, 2026. New to self-custody? Read crypto wallets explained.