Trezor One… is it time to retire this iconic device?

[Forsyth Jones]

We know that Trezor One was the first hardware wallet, it was the core of studies and research for other brands, some even basing their code on it (others copying it completely).

Trezor One was launched in 2013 if I'm not mistaken, it's been in operation for 12 years, I can't say for altcoins, but for Bitcoin, it still meets everything an average user could want, such as passphrase (typed on the keyboard).

We know that Trezor offers the possibility of typing the passphrase on the device's display (Trezor model T and later models), but on Trezor One, it's only possible to type the passphrase on the keyboard... even if the passphrase is typed on the keyboard and is intercepted, as long as the seed phrase remains safe on the device, the hacker still needs to somehow gain access to the seed of the victim's wallet... what do you think about this too?

Furthermore, Trezor One may be discontinued by Trezor at any time, and they may also offer a limited firmware update period (as happened with the Ledger Nano S).

If you have 5 or more BTC, would you continue to store it on such a device? Or would you rather invest in a more up-to-date model to safeguard most of your BTC?

Do you think this Trezor model is already obsolete (or could become obsolete at any time, just by an announcement from Trezor itself), since several models have been released since this one?

[libert19]

If you have 5 or more BTC, would you continue to store it on such a device? Or would you rather invest in a more up-to-date model to safeguard most of your BTC?

As long as it works why not?

Do you think this Trezor model is already obsolete (or could become obsolete at any time, just by an announcement from Trezor itself), since several models have been released since this one?

It's been a long time it was launched, so I believe It can become obsolete anytime.

If you have one continue to use it as long as it's supported, if you are looking to purchase new one — purchase new models.

[ABCbits]

If you have 5 or more BTC, would you continue to store it on such a device? Or would you rather invest in a more up-to-date model to safeguard most of your BTC?

There's also option to keep BTC on Trezor One, but with proper and secure backup. So if Trezor One suddenly broke or  no longer receive security update, the owner can switch to newer and better hardware wallet.

Do you think this Trezor model is already obsolete (or could become obsolete at any time, just by an announcement from Trezor itself), since several models have been released since this one?

Trezor (the company) still sell Trezor One today, so i doubt it'll be obsolete anytime soon. But people better get newer type, especially when they hold lots of coin and token.

[Forsyth Jones]

Trezor (the company) still sell Trezor One today, so i doubt it'll be obsolete anytime soon. But people better get newer type, especially when they hold lots of coin and token.

I like Trezor for maintaining the Trezor One for so long, bringing security updates to users who can't afford the more expensive models like the Trezor model T and above.

As long as the Trezor One receives firmware support, people with less financial capacity will be able to exercise self-custody at an affordable cost.

I'm a bit out of date, but aside from firmware updates, has Trezor added new tokens/networks that were previously unsupported until recently?

[ABCbits]

I'm a bit out of date, but aside from firmware updates, has Trezor added new tokens/networks that were previously unsupported until recently?

Their supported coins & token page[1] doesn't mention when certain coin got supported. Even if you read firmware changelog[2] manually, it doesn't seem to list all supported/no longer supported coin & network.

[1] https://trezor.io/coins
[2] https://github.com/trezor/trezor-firmware/blob/main/legacy/firmware/CHANGELOG.md

[Lucius]

~snip~
If you have 5 or more BTC, would you continue to store it on such a device? Or would you rather invest in a more up-to-date model to safeguard most of your BTC?

Question for you _ if you had $500 000 that had the potential to be worth at least twice that in the near future, would you store it in a way that gave thieves a chance to steal it or would you move it far out of their reach?

If we are talking about the fact that one of the top air-gapped wallets costs between $200-$250, I wonder how much the question above makes sense at all?

[Forsyth Jones]

Question for you _ if you had $500 000 that had the potential to be worth at least twice that in the near future, would you store it in a way that gave thieves a chance to steal it or would you move it far out of their reach?

If we are talking about the fact that one of the top air-gapped wallets costs between $200-$250, I wonder how much the question above makes sense at all?

For larger amounts, like the $500,000 you mentioned, I would either store it in an air-gapped hardware wallet and the rest on an offline computer running Tails OS.

For smaller amounts, I'd use wallets like Trezor, Bitbox...

[Lucius]

For larger amounts, like the $500,000 you mentioned, I would either store it in an air-gapped hardware wallet and the rest on an offline computer running Tails OS.
~snip~

I'm just referring to your question about 5 BTC being worth roughly the amount I wrote - with the potential to be worth much more in the future. Anyone who has that amount and keeps it in any form of hot wallet (this includes all non-air-gapped wallets) should know how much risk they are exposed to - and all this for a few hundred $, which is how much a good air-gapped wallet costs, or even less a cold wallet that can be made on an old computer.

I'm not saying that someone will remotely hack Ledger or Trezor devices (or similar ones) tomorrow, but to me, avoiding that risk is worth a lot more than the $200-$300 you have to pay for it today.

[bitmover]

I received this email recently about ledger nano s becoming obsolete

https://support.ledger.com/article/Ledger-Nano-S-Limitations?redirect=false

In the end , they ask me to upgrade it so I can have full benefits of a custodial wallet, such as ledger recovery (no thanks) and some useless altcoins smartcontracts.

Just keep your old device. It is good and safe.

[Forsyth Jones]

I'm just referring to your question about 5 BTC being worth roughly the amount I wrote - with the potential to be worth much more in the future. Anyone who has that amount and keeps it in any form of hot wallet (this includes all non-air-gapped wallets) should know how much risk they are exposed to - and all this for a few hundred $, which is how much a good air-gapped wallet costs, or even less a cold wallet that can be made on an old computer.

I'm not saying that someone will remotely hack Ledger or Trezor devices (or similar ones) tomorrow, but to me, avoiding that risk is worth a lot more than the $200-$300 you have to pay for it today.

You have a point, most non-airgapped wallets like Trezor/Ledger have already suffered scandals.
Do you think such non-airgapped devices have the same security as a software wallet?

I'd never keep 5 BTC or more in just one wallet, probably 70% of that amount I'd keep in an air-gapped hardware wallet or on an offline computer with encrypted Tails OS installed.
However, I still consider hardware wallets like Trezor to be more secure than software wallets connected to the internet.

[Lucius]

You have a point, most non-airgapped wallets like Trezor/Ledger have already suffered scandals.
Do you think such non-airgapped devices have the same security as a software wallet?

I wouldn't really say that they have less security than what you would call software (hot) wallets, because it is still far safer to generate a seed on a special device such as a hardware wallet, than on a desktop/mobile device. Malware or a hacker will always find it easier to manipulate a wallet that does not have additional protection such as a secure element or hardware buttons that require you to confirm every action you perform.

I'd never keep 5 BTC or more in just one wallet, probably 70% of that amount I'd keep in an air-gapped hardware wallet or on an offline computer with encrypted Tails OS installed.
However, I still consider hardware wallets like Trezor to be more secure than software wallets connected to the internet.

I agree with that, although you have to connect your HW online if you want to do a firmware update or if you want to make a transaction (unless you use a different setup). I have much more faith in real cold/air-gapped wallets, because such devices have no access to the internet or any other wireless communications, so the only way to lose coins with such a wallet is a bad backup combined with your device simply stopping working.