Trezor Staking Review 2025: Pros, Cons, Comparisons

Trezor is a crypto hardware wallet that makes staking easy and secure. Trezor users can only stake ETH and ADA, which is a very limited offering. However, Trezor does offer a range of coins to buy and swap – including top-ranking cryptos like Bitcoin, Ethereum, and Solana.

This Trezor staking review explores the wallet’s strengths and weaknesses, with a particular focus on staking. We’ll cover everything you need to know before using Trezor and help you decide if it’s the right choice for you.

Which Cryptocurrencies Can You Stake on Trezor?

Trezor offers access to hundreds of cryptocurrencies to store, buy, and trade – but only two (ETH and ADA) can be staked. This is a limited offering compared to other wallets, which may deter investors from choosing the platform.

In order to bypass the 32 ETH minimum staking requirement needed to become a validator on the Ethereum network, Trezor has partnered with Everstake. Everstake provides a pooled staking service that allows more users to earn staking rewards, and there’s only a minimum 0.1 ETH requirement to join the pool.

As a pooled staking service provider, Everstake enables Trezor users to pool their ETH together, in order to meet Ethereum’s validator staking requirements. At a hypothetical value of $3,000, 32 ETH would be worth $96,000. More than 735,000 investors have staked a total of over $1.5 billion ETH via the Everstake platform to date.

For Cardano (ADA), users can create a new stake pool or join an existing one. To start a new delegation that also grants access to governance, you must deposit 2 ADA plus any additional fees.

Supported Cryptocurrencies:

• Ethereum (ETH)
• Cardano (ADA)

Trezor Staking Rates

Staking rewards on Trezor will vary depending on the cryptocurrency you wish to stake. When staking ETH, you can currently earn an APY of approximately 3.52%. The rates for Cardano will vary depending on real-time network activity.

Trezor’s website features a staking calculator for ETH, which can be used to calculate potential earnings. It’s also important to note that the Trezor staking platform charges a 10% fee on ETH staking rewards.

How Competitive Is Trezor Staking APY?

Staking ETH via Trezor provides a 3.52% APY, which is higher than the equivalent APYs offered by mainstream crypto exchanges like Coinbase (2.16%) and Binance (2.65%). For ADA staking, Coinbase offers an APY of only 1.67%. Depending on network activity, investors can earn between 4% and 6% by staking ADA on Binance.

When comparing Trezor to Ledger, another mainstream hardware wallet, staking rates for ETH are fairly similar. Ledger’s APY for ETH ranges from 3% to 3.5%, marginally lower than Trezor. However, when compared to other popular crypto-staking platforms such as Best Wallet, Trezor is much less competitive.

Investors can use Best Wallet to access the latest trending crypto presales – such as Solaxy ($SOLX), which offers a staking APY of up to 208%. Best Wallet also provides its own advanced security features (including a partnership with the Fireblocks security service), which ultimately makes it a superior alternative to Trezor.

Is Staking on Trezor Safe?

Staking on Trezor is a safe option, especially as centralized exchanges (CEXs) have become a more popular target for hackers over the last year. Exchanges operate as the custodians of your crypto, and some will be vulnerable to cyber attacks, hacks, and other malicious activity. This could result in your staking profits (and the rest of your stored crypto) being lost as a result of such vulnerabilities.

According to a recent report by Chainalysis, centralized crypto platforms were targeted more than other platform types in Q2 and Q3 2024 – highlighting the need for crypto users to seriously consider self-custody solutions.

As a hardware wallet, Trezor is far less susceptible to such risks. Private keys are kept offline in the hardware wallet, with several other best practice functions available. Firstly, each Trezor hardware wallet has a unique PIN requirement. This is similar to the PIN used with bank cards, which helps to prevent unauthorized access.

Each Trezor device also has a built-in phishing protection system that helps to stop fake transactions. The wallet is also operated using customized firmware, which can be regularly updated on Trezor Suite to maintain the device’s security functions.

Trezor wallets also come with a wallet backup (recovery seed) card, which enables your crypto and staking rewards to be recovered if the wallet is lost or stolen. It’s important to keep the backup card in a safe place that is accessible only to you, as this will significantly reduce the risk of hacks and other threats.

When staking through a third party such as Everstake (which Trezor uses to facilitate ETH staking), it’s important to bear in mind potential counterparty risks – such as a staking pool being compromised. However, as Everstake has passed audits from ChainSecurity, it has thus far proven itself to be a reliable option when staking ETH.

How to Stake on Trezor

Staking on Trezor involves a simple step-by-step process. We’ll use ETH staking for this example.

Step 1: Connect your Trezor wallet to Trezor Suite

Open Trezor Suite and connect your hardware wallet.

Step 2: Select the cryptocurrency to stake

After you connect your wallet, you’ll need to select the crypto you’d like to stake – in this case, ETH. Visit the ETH coin page and ensure you have a minimum of 0.1 ETH. Then simply click “Start staking”.

Step 3: Review terms and acknowledge Everstake

After choosing ETH, you’ll be shown the key terms of staking this crypto. Simply acknowledge this by clicking on “Got it.”

Next, confirm if you are happy that the staked funds will be maintained by Everstake.

Step 4: Confirm staking amount

Once you confirm the amount you want to stake, you will be shown any additional fees to be paid. To accept, click the “Stake” button.

Step 5: Monitor rewards on Trezor Suite

Now, all you have to do is keep track of your staking rewards on the platform!

Is Trezor the Best Crypto Staking Platform?

Trezor is a good option for those looking to use a hardware wallet to stake ETH and ADA, with competitive rates on those cryptos in comparison to centralized exchanges like Coinbase and Binance. Trezor devices also have extra layers of security to help protect your assets, such as PINs, firmware, and passphrases.

However, despite its security measures, Trezor still has a limited offering in terms of staking. Users can only stake ETH or ADA, so users looking to stake a broader range of cryptocurrencies will likely prefer a different platform.

One option worth considering is Best Wallet, a crypto wallet and comprehensive Web3 ecosystem that’s rapidly growing in popularity. Best Wallet supports staking for top-ranking cryptocurrencies, but is most notable for allowing users to stake upcoming presale tokens for high APYs.

For example, Best Wallet users can invest in brand-new presale cryptos like Solaxy ($SOLX), which can be immediately staked for an APY of up to 208%. Best Wallet also has its own native token ($BEST), which can earn you up to 175% APY in staking rewards.

Overall, Best Wallet is the standout solution for users looking to stake a wide variety of tokens – especially trending ICO coins that can generate extremely high staking rewards.

Conclusion

Trezor is a solid option for investors concerned about security when staking – but users can only use Trezor to stake ETH and ADA. Trezor’s staking rewards for those cryptos are relatively competitive in comparison to those offered by centralized exchanges, but they are very low when considering other alternatives, such as Best Wallet.

Ultimately, Best Wallet is a better all-round choice for new and experienced investors. It provides access to thousands of established and emerging cryptos, with three-figure staking APYs for some tokens (such as Solaxy, which has an APY of up to 208%). Best Wallet can be accessed through an easy-to-use mobile app – and holders of its native $BEST token will be able to gain special perks, including even higher staking rewards.

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FAQs

References

1.  $2.2 Billion Stolen from Crypto Platforms in 2024 (Chainalysis)
2. Stake Ethereum (ETH) in Trezor Suite (Trezor)
3. Everstake Partners With Trezor to Set Up a New Level of Staking Experience (Everstake)