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Cypherock X1 vs Trezor Model One
Cypherock X1 stands out with open-source code, Shamir Backup. Trezor Model One is a solid alternative — Trezor Model One costs $50 less.
2 wallets
USB vs NFC
$50 price gap
Security notice ·
October 2026: suspected implant in a Trezor bought from CryptoBilis
On 28 October 2026 Trezor received a report from a buyer in Indonesia of an extra circuit board inside a Trezor Safe 5 bought in August 2026 from CryptoBilis, the same Southeast Asian reseller whose Ledger devices carried hardware implants. According to the report, the board sits between the main board and the screen, reads what the screen shows, including the recovery phrase, and sends it out over a mobile network. Trezor has not yet examined the device, calls the report credible and is having the unit sent to its lab.
Trezor says it has no reports involving any other reseller and no evidence that any customer has lost funds; the person who reported the implant had already moved their funds. Trezor removed CryptoBilis from its authorized resellers on 9 October 2026.
Trezor’s advice applies to every Trezor model bought from CryptoBilis from March 2026 onwards:
- If the device is not set up yet, do not set it up and never enter an existing recovery phrase on it.
- If you already use it, move your funds as soon as possible to a new wallet with a newly generated recovery phrase. Restoring the old phrase on another device does not help.
- Keep the device and contact Trezor Support: affected buyers can get a new device or a voucher. Do not open it; Trezor says weighing it is not a reliable test.
The report concerns how one device reached a buyer, not the device design, so it does not change our ratings. We will update this notice when Trezor publishes the result of its examination.
Sources
Open-formula rating|40+ criteria analyzed|Last updated November 2026|No sponsored rankingsSee methodology
Key Takeaways
- Cypherock X1 wins in security (70/100)
- Cypherock X1 wins in ease of use (59/100)
- Trezor Model One is more affordable ($49)
- Both support 20+ cryptocurrencies
- Best for beginners: Trezor Model One (easier setup)
Cypherock X1 vs Trezor Model One: Key Differences
Both Cypherock X1 and Trezor Model One can keep your crypto safe — the real question is which one fits the way you actually use it. We've put both through our open-formula scoring on 40+ criteria: Cypherock X1 (Cypherock) lands at 61/100, Trezor Model One (Trezor) at 44/100. The $50 gap between $99 and $49 isn't arbitrary — these are two different bets on what matters in a hardware wallet, and the right pick depends on which bet you'd take.
Winner by Category
Which wallet leads in each area
Security
Cypherock X1Winner70/100
Trezor Model One29/100
Ease of Use
Cypherock X1Winner59/100
Trezor Model One44/100
Price
Cypherock X1$99
Trezor Model OneWinner$49
Coin Support
Cypherock X120+
Trezor Model OneWinner47+
Privacy
Cypherock X123/100
Trezor Model OneWinner79/100
Beginner Friendly
Cypherock X1Winner59/100
Trezor Model One44/100
Comparing:
Cypherock X1
Trezor Model One
Comparison Table
Key specifications for your decision
| Criteria |  Cypherock X1 Cypherock $99 |  Trezor Model One Trezor $49 |
|---|---|---|
Overall Rating | 61 | 44 |
Security | 70 | 29 |
Usability | 59 | 44 |
Price | $99 | $49 |
A secure element is a tamper-resistant chip built to store secrets and resist physical attacks such as side-channel analysis and fault injection. Learn more — Secure Element | Yes | No |
Open Source Firmware refers to firmware in hardware devices, like wallets, where the source code is publicly available, allowing transparency, auditability, and customization. Learn more — Open Source | Firmware, in part | Firmware |
Bluetooth Connectivity enables wireless communication between devices, like hardware wallets and smartphones, using Bluetooth or Bluetooth Low Energy (BLE) for secure data transfer. Learn more — Bluetooth | No | No |
USB | Yes | Yes |
Networks | 20+ | 47+ |
Wallet apps | — | — |
A passphrase is an additional security layer for cryptocurrency wallets, acting as a 25th word in the BIP39 seed phrase, protecting access to hidden wallets. Learn more — Passphrase | Yes | Yes |
A touchscreen display is a screen that allows users to interact with a device by touching the surface, commonly used in hardware wallets for easy navigation and transaction confirmation. Learn more — Display | 0.96-Inch 128 X 64 Px OLED | OLED (Monochrome, 128x64) |
Recovery is the process of restoring access to a cryptocurrency wallet using its seed phrase or mnemonic backup if the original wallet is lost or inaccessible. Learn more — Backup Method | Multi-card | 24-word seed |
Setup Time | ~20 min | ~5 min |
IP Rating refers to the level of protection a device has against dust and water, often used for hardware wallets to indicate their durability in various environments. Learn more — Water Resist | None | None |
Which other apps each device works with, and how it connects: software compatibility matrix
Our Verdict: Cypherock X1 or Trezor Model One?
Choose Cypherock X1 if...
- You want advanced backup with Shamir Secret Sharing
- You prefer seedless backup via multiple linked cards
- You want wireless NFC connectivity — no cables needed
- You actively use DeFi and WalletConnect dApps
Skip Cypherock X1 if...
- ×Budget is tight — you'd be better served by a cheaper option in this comparison
Trezor Model One is discontinued
Trezor no longer sells this model. If you already own one, the full review covers how to keep using it; for a new purchase, pick one of the models on this page that are still on sale.
Our pick for most users
Based on the overall rating, Cypherock X1 scores 61/100 and offers the best balance of security, usability, and value in this comparison.
Bottom line: Cypherock X1 is our pick — it leads on both security and ease of use, and the overall score reflects that. If budget is real, Trezor Model One comes in $50 cheaper without giving up the basics.
Price: Cypherock X1 vs Trezor Model One
Cypherock X1 costs $99, while Trezor Model One is priced at $49 — a $50 difference. The extra cost of Cypherock X1 gets you a 17-point higher overall rating. For budget buyers, Trezor Model One offers solid security at a lower price point.
Who Should Pick Which Wallet
Recommendations based on real-world use cases
Cypherock X1
$99Best for:
Lower priceWalletConnect support5000+ coinsNFC support
Pros
- +No single seed phrase by default: a 2-of-5 Shamir split across the Vault and four NFC cards
- +Any two of the five parts restore the wallet, so one lost card or a lost Vault does not lose funds
- +Public Vault firmware; WalletScrutiny reproduced builds up to v0.6.1539 (January 2025)
- +Keylabs audited Vault hardware, firmware and bootloader in 2022 and verified the fixes
Cons
- −The full key is rebuilt in the Vault MCU's RAM for each signature; Keylabs: the seed is exposed on it
- −Desktop only: the mobile app cannot connect to the device, and every transaction needs USB to cySync
- −cySync sends Mixpanel analytics by default (opt-out toggle); no Tor, no custom node
- −Bootloader and X1 Card applet are closed; the firmware licence is MIT with a Commons Clause
Trezor Model One
$49Best for:
AffordableCoin controlTor supportFull node support
Pros
- +Open-source firmware and hardware, with reproducible firmware builds
- +Trezor promises critical security updates until at least 2036; latest firmware released October 2026
- +Standard 24-word BIP39 backup, restorable in other BIP39 wallets
- +Passphrase support, which protects funds even against the known physical attack
Cons
- −No secure element: the seed can be extracted with physical access unless a passphrase is used
- −Discontinued: Trezor no longer sells it, and new coin support is not promised
- −No clear signing for most transactions: the device shows raw data
- −Passphrase and recovery words are typed on the computer, not on the device
Pre-Purchase Checklist
Important points to verify regardless of your choice
Every wallet linked here ships from its manufacturer's official store with full warranty.
Cypherock X1 vs Trezor Model One: Frequently Asked Questions
Answers about Cypherock X1 vs Trezor Model One
Is Cypherock X1 better than Trezor Model One?
On the numbers, Cypherock X1 comes out ahead — 61/100 vs 44/100 — but 'better' isn't quite the right frame. Trezor Model One is more affordable at $49, which matters more for some buyers than overall score does. If overall rating is what you actually weigh first, take Cypherock X1. If budget is the constraint that shapes your decision, Trezor Model One is the smarter buy. Either way, both are real hardware wallets — neither is a mistake.
How much do Cypherock X1 and Trezor Model One cost?
Cypherock X1 costs $99, Trezor Model One costs $49. These are list prices for the standard edition from official manufacturer stores. A few things worth knowing: hardware wallet prices barely move during the year, so 'waiting for a sale' rarely pays off — Black Friday is the one exception, with 10–20% off being typical. Avoid third-party listings even if they're cheaper; the supply chain risk on a tampered device wipes out any savings the first time you load funds. And don't buy a 'used' hardware wallet, ever — even if it claims to be reset.
What happens if I lose all my Cypherock X1 cards?
Funds are unrecoverable. There's no seed phrase to fall back on, no recovery service, no manufacturer override — that's the explicit design trade-off. The mitigation is the multi-card set: every card you receive is a complete, independent backup of the same wallet. Realistic plan: keep one card on you, one at home in a safe, and one with a trusted person or in a bank deposit box. Lose any two and you're still fine. Lose all of them and the coins are gone forever.
Which wallet is better for DeFi and Web3: Cypherock X1 or Trezor Model One?
Cypherock X1 — and the gap is bigger than the spec sheets make it look. Cypherock X1 has WalletConnect built in, which means you sign DeFi transactions directly from a hardware wallet without exposing keys to a hot wallet. Trezor Model One can technically work with DeFi via third-party software, but every extra step is one more place an attacker can intercept the transaction you're approving. If you're going to be clicking 'Sign' on smart contracts more than once a month, the difference compounds fast.
Cypherock X1 vs Trezor Model One: which has better backup options?
Cypherock X1 uses multiple linked NFC cards as encrypted backups (no seed phrase). Trezor Model One uses a standard 24-word seed phrase. Both work — but they reflect different ideas about what 'backup' should be. The seed phrase approach (BIP-39) is the open industry standard: portable across most wallets, well-documented, and recoverable on any compatible device. The downside is well-known too — it's a piece of paper that's a single photograph or careless moment away from disaster. Card-based backups can't be photographed and don't write themselves down, but they're proprietary, which means you trust one manufacturer to stay in business and keep the format alive. Pick based on which failure mode worries you more.
Where to buy Cypherock X1 at the best price?
Always buy Cypherock X1 from the official Cypherock store — never from Amazon, eBay, or third-party marketplaces, even if the price looks better. Hardware wallets have been physically tampered with in the supply chain before (compromised devices shipped to unsuspecting buyers, then drained the moment funds were loaded). Buying direct from Cypherock gets you a sealed unit with full warranty, firmware integrity, and a clean chain of custody. Free shipping and occasional discounts at the source make the price difference negligible anyway.
Do Cypherock X1 and Trezor Model One come with a warranty?
Yes — both ship with a manufacturer warranty (typically 1–2 years) when bought from the official store. That said, a hardware wallet warranty is mostly about hardware defects, not lost funds. If the device fails, the manufacturer will replace it — but your seed phrase or backup cards are what actually restore your crypto onto the new device. The warranty is real but secondary; what protects your funds is your backup discipline, not a piece of paper from {{wallet1}} or {{wallet2}}.
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