Crypto hardware wallet comparison Trezor Model T vs CoolWallet Pro

Our impressions

Trezor Model T

CoolWallet Pro

Pros
  • Very high usability through the touch-screen
  • Future-proof USB-C port
  • Uses the BIP-39 standard, which allows wallet recovery even without hardware
  • Open source firmware that can be audited by the community
  • Can be used as a secure key, providing additional value outside crypto use-cases
  • Also includes unique features for highly advanced users, like Shamir backup
not reviewed yet
Cons
  • Requires constant USB connection to operate
  • Key extraction vulnerability (if an attacker with the right tools and knowledge has physical access to the hardware wallet)
not reviewed yet
Verdict

In our opinion currently one of the best hardware wallets on the market. We especially love the usability that comes with the touch screen. Make sure to use a passphrase if you are worried about key extraction attacks. Read more about the vulnerability

not reviewed yet

Disclaimer: Our impressions are based on a compilation of factors tailored to the average user’s perspective. It is also important to note that whether a feature is a “pro” or “con” can depend on your situation and preferences. What may be an advantage in one scenario could be a challenge in another, and vice versa. Therefore, while reviewing these points, it’s essential to consider your unique requirements and circumstances when making decisions. This list aims to provide an idea of what to anticipate, but it is not the ultimate guide to determining whether something will work for you or not.

Key features

Trezor Model T

CoolWallet Pro

Release year

2018

2021

Supported coins

Supports multiple coins, Bitcoin-only mode available

  • BTC, ETH, ADA, XRP, LTC, XLM, DOGE, DASH, XMR
  • and a thousand others. See a full list at trezor.io/coins

Supports multiple coins

Supports over 30 main chains, including Bitcoin, Ethereum, Binance Smart Chain, Binance Chain, Polygon, Solana, Avalanche C-Chain, Arbitrum, Optimism, Tezos, Cardano, TRON, Aptos, Polkadot, Cosmos, Kusama, Cronos, Crypto.org, Bitcoin Cash, Ethereum Classic, XRP, Flare, Stellar, Litecoin, Horizen, Icon, Stellar, Kinesis Gold, Kinesis Silver, Terra, and Tether (OMNI)

In addition also supports over 12,000 custom tokens on several chains such as Ethereum and Binance Smart Chain

Open source
  • Firmware
  • Companion software
  • Firmware
  • Companion software
Seedphrase support
  • BIP-39 (Mnemonic phrase)
  • SLIP-39 (Shamir backup)
  • Passphrase
  • BIP-39 (Mnemonic phrase)
  • Proprietary method

Device does support the BIP-39 standard in the companion app. The proprietary CoolBitX mnemonic (seed phrases generated using the “on card” option) is based on BIP-39, but does not use the BIP-39 wordlist. Sample code that demonstrates seed and key generation is available in the CoolBitX Mnemonic Github repository.

Security protections
  • On device PIN entry
  • Factory reset with wrong PIN
  • Factory reset with decoy PIN
  • On device passphrase entry
  • On device recovery
  • Secure element

CC EAL 6+

Platform compatibility
  • Windows
  • macOS
  • Linux
  • Android
  • iOS
  • ChromeOS

Chrome OS is not officially supported and relies on WebUSB in the Chrome browser. This means that, i.e., it’s not possible to set up a freshly unboxed Trezor T, you need to perform the first-time firmware installation on a PC or Mac.

  • Android
  • iOS
Authentication token
  • FIDO U2F
  • FIDO2 Webauthn
  • SSH
Additional features
  • supports GPG encryption
  • microSD card slot
  • Password Manager

Technical specifications

Trezor Model T

CoolWallet Pro

Dimensions

64 mm x 39 mm x 10 mm
2.52 in x 1.54 in x 0.39 in

85.6 mm x 53.98 mm x 0.8 mm
3.37 in x 2.13 in x 0.03 in

Weight

16 g
0.56 oz

6 g
0.21 oz

Display
  • Color
  • Touchscreen

Full color LCD touchscreen
240 x 240 px

  • Monochrome

E-paper display

Connectivity
  • USB-C
  • Bluetooth
Storage
  • microSD card

SD card can be used to secure PIN (device can not be unlocked unless the correct SD card is present)
SD card not yet used in any other capacity, other than protecting PIN

Processor

168 MHz Cortex-M4

Safety & Certifications

CE and RoHS certifications
Airplane and X-ray safe

CE and RoHS
NCC- CCAF22LP0650T3 (model: CWS)

Housing

Robust plastics
Available in black
Silicone protection case in multiple colors available

Where to buy

Trezor Model T

CoolWallet Pro