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Trezor Model One

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Exodus

Review
CompareTrezor Model One vs Exodus

Trezor Model One vs Exodus

Trezor Model One

Trezor

Trezor Model One

4.1| Hardware
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vs
Exodus

Exodus Movement, Inc.

Exodus

4.3| Software Wallet (Desktop/Mobile)

At a Glance

How each wallet scores across key dimensions. Each axis is rated out of 5.

Ratings & Specs

4.1
Overall Rating
4.3
4.2 / 5
Security Rating
3.9 / 5
Hardware
Wallet Type
Software Wallet (Desktop/Mobile)
Supports Bitcoin, Ethereum, and thousands of ERC-20 tokens (does not support Solana, Cardano, XRP, or Monero).
Assets Supported
Over 260 cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), Polkadot (DOT), Monero (XMR), and thousands of altcoins and tokens.

Highlighted cell = stronger result on that metric.

Key Security Features

Trezor Model One

  • PIN protection with scrambled matrix
  • BIP-39 Passphrase support for hidden wallets
  • 100% Open-source hardware and firmware
  • Physical two-button transaction verification
  • Deterministic key generation (BIP-32/39/44)

Exodus

  • Password protection for wallet access.
  • 12-word recovery phrase (seed) for backup and restoration.
  • Local encryption of private keys.
  • Optional email-based recovery link.
  • Hardware wallet integration (Trezor) for enhanced security.

Pros & Cons

Trezor Model One

Pros

  • Affordable entry-level price point
  • 100% open-source firmware and hardware architecture
  • Over 10 years of proven real-world security track record
  • Seamless integration with Trezor Suite desktop and web app
  • Physical two-button confirmation prevents unauthorized transactions

Cons

  • Uses outdated Micro-USB connector instead of USB-C
  • No Secure Element chip (passphrase strongly required against physical attacks)
  • Missing native support for major blockchains like Solana, Cardano, and XRP
  • Scrambled on-screen PIN entry is less convenient than touchscreen models
  • Trezor Safe 3 offers vastly superior hardware for only $10 more

Exodus

Pros

  • Exceptional user interface and user experience, highly intuitive for beginners.
  • Built-in exchange functionality for seamless crypto swaps.
  • Comprehensive portfolio tracking and beautiful visual charts.
  • Excellent 24/7 customer support.
  • Supports a wide array of cryptocurrencies and tokens.

Cons

  • Closed-source software, which raises concerns for some security-conscious users.
  • As a hot wallet, it is more vulnerable to online threats than hardware wallets.
  • No support for multi-signature accounts.
  • Transaction fees for swaps can sometimes be higher due to built-in convenience.

Best open-source option

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