Trezor supports several blockchain networks, each of which support tokens. Since anyone can create a token on these networks, your Trezor device can effectively manage thousands upon thousands of crypto assets.
This can feel a bit complex at first, so let’s break it down.
Coins like Ethereum serve as the foundation of their respective blockchain networks. On Ethereum, anyone can create tokens (called ERC-20 tokens) which rely on the Ethereum network.
When you start using your Trezor, you will need to install our software called Trezor Suite. Trezor Suite helps you manage all your various blockchain accounts and puts all your assets in one place (with the exception of third party wallets, explained a bit later in this article).
Trezor Suite organizes tokens separately under the Tokens menu, keeping your assets clearly sorted.
This approach applies to other blockchains supported by Trezor Suite, such as BNB Smart Chain (BSC) and Solana.
To see if your coin is supported, visit the Supported Coins page. For tokens, the process requires a bit more attention.
First, identify the network your token is on. If you purchased your tokens through an exchange, this information is typically provided on the screen when you withdraw them.
However, some tokens, like USDT, are available on multiple blockchains which can add complexity.
Avoid choosing a network based solely on lower fees. If the network you select is unsupported, your funds could be permanently lost.
Trezor Suite automatically sorts tokens on each blockchain network into the tokens view. When you press tokens, you will be able to see a complete list of all the tokens your respective account holds.
This process is identical for Ethereum, Solana, and BNB Smart Chain.
If you notice tokens in your wallet that you don’t recognize, the best action is to avoid any interaction with them. You can also hide them in Trezor Suite so you don’t see them anymore.
Scammers often exploit unsuspecting users by sending fraudulent tokens that appear to be free assets. Interacting with these tokens can trigger malicious actions, potentially compromising your funds.
These can generally be identified by having URLs and messages in their names regarding claiming free airdrops - they are designed to socially engineer you into giving up unrestricted access to your wallet. However, scammers can also be quite convincing and these tokens aren’t always easy to spot, so the best course of action is to not interact with any token you don’t recognize.
The mechanics of these scams can be complex, but you can learn more in this article about airdrop scam tokens.
Trezor devices are capable of managing more coins than the ones shown in the Settings > Coins tab in Trezor Suite. These coins require third party wallets, meaning you will need to connect your Trezor to an application that is not Trezor Suite.
Some of these coins include Monero (XMR), Stellar (XLM) and Tezos (XTZ). Coins which are compatible with Ethereum Virtual Machine (EVM) such as Avalanche (AVAX) are also usable with third party wallets.
For a comprehensive list of coins that are supported by third party wallets, please visit our supported coins page;
You can learn more about Trezor device compatibility with 3rd party apps here.
Every token has a contract address. In simple terms, this is the address that is used to create the token on that respective blockchain. While these are not visible in Trezor Suite since everything is done automatically, you may need to use a token address to make your selected tokens visible in a third party wallet.
It is not uncommon to find tokens that pretend to be more well known tokens. The best way to verify your token is authentic is to check the contract address, and to see if the number of transactions and holders represent an authentic token, and then to verify this address matches what is on the project’s official website.
To ensure that you are working with the right token, you should always check the contract address is correct.
Contract addresses can be found on official project websites and block explorers.