05 Jul, 2023

Trezor Suite Review 2024: Is it the Best Cold Wallet Software?

Suchet Dhindsa Salvesen
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Suchet Salvesen
Suchet Dhindsa Salvesen Suchet Salvesen Expert Author
Suchet is a Norwegian economist, entrepreneur, and investor, serving as the CFO and COO of Brainfund. With over a decade of experience in global expansion, venture capital, and emerging technologies, he earned his MBA from the NMBU School of Business & Economics. He held dual bachelor's degrees from the University of South-Eastern Norway. His career...
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Trezor Suite Review

Trezor Suite is coin management software with incredible features and security options. The Trezor company launched it in 2021, and since then, the software has become increasingly popular.

It works with regular Trezor hardware wallets (Trezor One and Tredzor Model T) and covers any insufficiencies.

Trezor Suite is excellent for eliminating phishing attacks and other security threats. The software offers complete transparency and a fantastic roadmap function.

In addition, it uses Tor and CoinJoin to ensure your transactions remain anonymous. It also offers UTXO management, which you can use to manage your coins.

What is Trezor Suite?

What is Trezor Suite?
What is Trezor Suite?

Trezor Suite is cryptocurrency management software launched on July 14, 2021. It was introduced to the world by SatoshiLabs and is known for its airtight security options. The software offers improved resistance against phishing and fraudulent attacks and complete transparency so you can constantly monitor your investments.

Asset security is crucial when it comes to crypto management software. Hence, Trezor Suite’s added security makes it an excellent tool for crypto investors. Trezor hardware wallets work with a Tor system to ensure transaction anonymity. However, Trezor Suite also utilizes the CoinJoin system to keep your trading anonymous.

The Trezor Suite’s desktop site has a friendly user interface and is easy to use. It also features UTXO management, which helps you control your assets efficiently. Another incredible feature is that it supports multiple currencies. Platforms that can manage various coins effectively are beneficial for investors.

Trezor’s coin manager works perfectly with all Trezor devices. However, it is only available on Linux, Windows, and MacOS. There is no version of the software that supports IOS devices.

What’s it for?

Coin management
Coin management with Trezor Suite.

Using Trezor Suite, you can easily monitor and trade your cryptocurrencies. The app offers efficient security features that help keep your personal and transaction details safe.

Trezor Suite also features buy and sell options for cryptocurrency exchange. The software has a clean and straightforward interface that is easy to navigate, so you can quickly make any transactions you want.

Who Should Use Trezor Suite?

Trezor Suite is suitable for beginner and expert traders. It is a platform that is easy to navigate. Hence, you don’t need much help to use the app. Beginners and specialist crypto investors can utilize this software without prior experience. The platform’s main objective is to secure your crypto assets, and it is well known for its security protocols.

One of the protocols includes utilizing a CoinJoin and Tor system when handling any crypto transactions. This helps to keep your transactions anonymous. Hence, this platform suits crypto investors keen on security and safety, as phishing attacks happen daily.

In addition, Trezor is very good at coin management. The platform has unique features and tools that help manage your cryptocurrencies easier. If you are the type that needs a tool for managing many crypto assets, this platform is a good fit for you.

What Makes it an Excellent Coin Management App?

Finance management
Finance management with Trezor app.

One of the software’s features that makes coin management easier is coin control. Coin control is an advanced feature on Trezor that helps you better manage your assets.

This feature allows individuals to make manual coin selections instead of letting the software pick one automatically. With this feature, you can control the addresses used for any transaction entirely. This will ensure that you do not mix unwanted UTXOs. You can turn off control anytime you like on Trezor. Coin control is simply one of the fantastic features that make the software an excellent coin management app.


Getting Started with Trezor Suite

Trezor Suite is relatively easy to get familiar with. You only require some simple steps to get started. Before you download the software, you need either the Trezor Model T or the Model One.

Currencies
  • 1400+
IOS/Android App
  • Android
Purchase Cost
  • $219

More details

The Trezor Model T is a high-quality hardware wallet that offers top-notch security for cryptocurrency investors. Trezor is known for its transparency and trustworthiness. The ability to store 1500+ tokens and Non-Fungible Tokens (NFTs) justifies the premium price of $219. However, some users have reported issues with the MicroSD card slot. Trezor Model T is a solid pick to safeguard crypto despite minor concerns.


  • It supports 1400+ crypto assets.

  • Touch screen for a user-friendly operation.

  • It supports NFTs storage.

  • Too expensive when compared to its competitors.

  • It has limited mobile compatibility.

  • A bulky design that is quite hard to carry around.

Step 1: Download Trezor Suite Desktop App

To download the Trezor Suite desktop app, visit the Trezor Suite web page and pick which operating system you use.

After that, click [Get Desktop App] to download the version you want. Once you’ve downloaded the updated software, you can verify.

Download Trezor Suite pc app.
Download Trezor Suite pc app.

Step 2: Verify the Download

To verify your Suite, download the signing key and signature for Trezor beneath the “Get Desktop App” button. Ensure the signing key and signature are in the same file directory as the suite installation file.

Trezor Signing key and signature.
Trezor Signing key and signature.

For Linux

If the signing key is correct, import it and verify the signature. If so, you will get a positive match.

For MacOS

Install GPG Suite, import the signing key, and verify the signature.

For Windows

Install the GPG utility, open Kleopatra, import the signing key, go to File > Decrypt or Verify, and view the audit log to confirm the verification.

Complete Windows verification for Trezor.
Complete Windows verification for Trezor.

Step 3: Get Started with the Model T or Model One

Starting with the Trezor Model T requires the same steps as the Model One.

Step 1: Visit the Trezor Suite Website

Visit the Trezor site and make sure your connection is secure.

Visit Trezor Suite website.
Visit the Trezor Suite website.

Step 2: Select Model T or Model One

Select the Trezor Model T or Model One. After that, continue to the wallet. The Trezor Model T package includes the following items:

Trezor Model T packaging contents.
Trezor Model T packaging contents.

The Trezor Model One package consists of the following items:

Trezor Model One packaging contents.
Trezor Model One packaging contents.

Step 3: Connect Trezor hardware wallet to PC.

Connect the Trezor Model T to your PC or mobile device. Once this connection is made, welcome and security check messages pop up. If your device is incompatible, you might need to use Trezor Bridge.

Trezor Suite security check message.
Trezor Suite security check message.

Step 4: Install Firmware

Install the latest firmware for the wallet.

Firmware installation for Trezor Suite.
Firmware installation for Trezor Suite.

Step 5: Create or recover the wallet

After installing the latest firmware, create a new wallet or recover your old one.

Create or restore
Create or restore Trezor wallet.

Step 6: Create a Backup

Select what type of backup you want. It could be a Single backup or a Shamir backup. Confirm the terms of service and create a backup. Complete your backup and verify your recovery seed.

People with existing accounts can import existing recovery seeds.

Create backup
Create a backup on Trezor Suite.

Step 7: Set a PIN

Set up a PIN you can use to log in to the wallet.

Set your Trezor Suite PIN.
Set your Trezor Suite PIN.

Step 8: Activate Coins

The final step is to select the coins you want to store on your Trezor hardware devices and manage them with Trezor Suite.

Activate coins
Activate coins on Trezor Suite.

Managing Your Hardware Portfolio

Managing your hardware portfolio is easy once you’ve created a wallet on the suite. The first thing you need to do is link the hardware wallet, like the Trezor One, with the suite.

After you have connected them, you will have unrestricted access to the assets in your hardware wallet, making your investments easy to manage.

Trezor utilizes an account structure to organize all your cryptocurrency transactions. This is a common trait for most hierarchical crypto wallets. You can have more than one account on your suite. Every suite can link up to ten crypto accounts, and each account manages your transactions perfectly. You can connect your suite directly to Trezor hardware wallets or through USB to mobile.

Manage hardware portfolio
Manage hardware portfolio on Trezor.

Trezor Suite Review: Key Features and Perks

Trezor’s software offers several incredible features that give it an edge. Some advantages of the Trezor Suite include:

Not Just Hardware

Unlike the wallets Trezor is known for, Trezor Suite is not a hardware wallet. It is a software application that works with your regular Trezor-brand hardware wallet. Hardware wallets are physical objects and can be stolen or lost. However, you can always retain a software wallet. Your assets will always be secure.

Since you can connect your hardware wallet to the suite, you don’t need to fear losing the device. You can log in to the pc software to access your files. Even though Trezor hardware wallets are portable, there’s still the risk of losing them.

Airtight Security

Security is the most essential feature of any crypto management software. It is only worth it if the software can protect your coins from fraudsters. Trezor’s coin manager provides sufficient security for your cryptocurrency assets. They offer a safe space to store crypto assets without fearing theft or fraud.

Great security
Great security on Trezor Suite.

The Trezor Suite desktop application is designed to display only the present transaction, preventing your details from being compromised. Trezor is well-known for its security, and its reputation keeps rising despite being in the dev stage.

Anonymous

Trezor offers Tor and CoinJoin systems to help keep your transactions anonymous. That way, you can trade cryptocurrency without your details being disclosed. Many investors value their anonymity when trading a lot. Selling with the Trezor Suite PC application helps you remain off the radar when trading crypto.

Easy To Use

Easy-to-use Trezor software interface.
Easy-to-use Trezor software interface.

Another advantage of the Trezor Suite desktop application is its ease of use. All you need is your hardware wallet from Trezor and a computer. Once you have your hardware wallet, you only need to download the Trezor Suite software application on your PC. The PC suite will guide you through creating and using your hardware wallet.

It is compatible with most devices, including Windows, Linux, and MacOS. However, it isn’t compatible with IOS and can only work on Androids under particular conditions. The PC interface is very colorful and does not leave a dull vibe. It has a very artistic and professional look.

Thousands Of Supported Cryptocurrencies

Several supported coins on Trezor.
Several supported coins on Trezor.

Trezor Suite supports over 1,800 different cryptocurrencies. However, each Trezor account can only handle up to ten crypto accounts simultaneously.

The reason for this is to aid management and prevent server overloads. You can find the most well-established cryptocurrencies on Trezor, including Bitcoin and Ethereum. Furthermore, you can also find some testnet coins on your Trezor wallet account. These coins are not real cryptocurrencies, but they are fantastic for testing.

Replace By Fee

This is an advanced feature of Trezor Suite. It allows you to cancel any unconfirmed cryptocurrency transactions. However, you must pay some fees before replacing the transaction details. Hence, you can get back coins sent out accidentally while paying little. This feature is automatically on any time you create a new transaction on Trezor.

Multiple Accounts

On Trezor Suite, you can keep multiple accounts. Trezor supports an unlimited number of accounts. However, the number of accounts you can save at once is restricted to ten. This is to minimize traffic on the platform and ensure smooth running. You can quickly delete an account and replace it whenever you want.

Easy Crypto Exchange

Trezor Suite features Invity, offering the best deals for each trade. The Invity feature compares multiple ongoing crypto trades and provides the best deals on the market. You can get a list of exchanges by entering an amount. Once you input an amount, Invity will handle the rest and highlight the best deals.

Trezor Suite Review: Disadvantages

Even with its many advantages, Trezor Suite has its disadvantages. Disadvantages of the Trezor desktop software include:

Doesn’t Support Fiat Withdrawal

A significant disadvantage of Trezor PC software is that it doesn’t support directly withdrawing Fiat currency. Unlike traditional crypto wallets, you cannot withdraw cryptocurrencies to your bank account directly with Trezor. You must transfer the assets to a different platform to obtain Fiat currency. This can be a hassle.

No IOS Support

Another disadvantage of Trezor Suite is that it does not support IOS devices. You cannot use Trezor Suite on iPhones or other devices that run with IOS. The platform allows Android users to connect to the Trezor platform using a WebUSB or Trezor Bridge. However, there is no way for you to link a Trezor wallet with an IOS device.

Trezor Suite Review: Our Verdict

Trezor Suite is fantastic software for crypto management. It works with hardware wallets to manage and safeguard your crypto assets. Trezor’s excellent coin management services make the platform one of the best crypto wallets in the world. The suite is still in its development stage, but its future looks solid.

Trezor Suite offers incredible security services, including Tor and CoinJoin. These security features help keep your Bitcoin transactions anonymous, which is a feature that places Trezor Suite above its competitors. Many crypto investors today love to remain anonymous.

Trezor Suite has a steady development rate and is most effective for security and coin management. Trezor caters to all your needs. The dev software has several unique features that help you manage your coins and safeguard your portfolio.

Conclusion

Trezor Suite is a software application people use with hardware wallets to manage their crypto assets. It features a mobile and web application. Furthermore, it is one of the best crypto wallets in terms of security. The software offers state-of-the-art protection, including Tor and CoinJoin systems.

It is a platform where you can trade Bitcoin and other cryptocurrencies anonymously. The platform is famous for its airtight security and offers incredible asset management options. We’ve reviewed the Trezor Suite desktop software and have concluded it is excellent for asset management and security.