The Jade Plus is Blockstream's open-source Bitcoin hardware wallet at $65 — QR-capable, battery-powered, and fully open-source hardware and firmware. Full review in 2026.
Trezor makes two hardware wallets in its current lineup: the Safe 3 and the Safe 5. Both are excellent. Both use open-source firmware. Both have secure element chips. The question is whether the Safe 5's upgrades are worth twice the price.
Quick answer: Buy the Trezor Safe 3 ($79) if you want the best value bitcoin hardware wallet on the market. Buy the Trezor Safe 5 ($169) if you want a touchscreen, haptic feedback, and a more premium experience.
Trezor Safe 3 vs Safe 5: Side-by-Side
| Feature | Trezor Safe 3 | Trezor Safe 5 |
|---|---|---|
| Price | $79 | $169 |
| Screen | Small OLED, 2 buttons | 1.54" color touchscreen |
| Secure Element | EAL6+ (OPTIGA Trust M) | EAL6+ (OPTIGA Trust M) |
| Firmware | Open-source | Open-source |
| Connection | USB-C | USB-C |
| Passphrase | Yes | Yes |
| Shamir Backup | Yes | Yes |
| Coin Support | 8,000+ | 8,000+ |
| Haptic Feedback | No | Yes |
| Size | Compact | Slightly larger |
| Battery | None | None |
The Case for Trezor Safe 3
The Safe 3 is the right wallet for most people. At $79, it is the most affordable hardware wallet with a certified secure element (EAL6+) — the same security chip certification used by payment cards and government IDs.
Why the Safe 3 wins on value:
The secure element is the critical security component. Before the Safe 3, Trezor's earlier models (Model One, Model T) lacked a secure element — a criticism that security researchers highlighted. The Safe 3 fixed this by adding a certified EAL6+ chip, closing that gap.
The result: the Safe 3 now has the same core security architecture as the Safe 5, just with a simpler interface. The two-button OLED interface is not as slick as a touchscreen, but it works reliably and is arguably harder to fool in a UI-based attack (fewer things to click, less surface area for phishing).
Trezor Suite companion app works identically with both devices — the app experience is the same regardless of which model you own.
Bottom line for Safe 3: If security and value are your priorities, the Safe 3 wins. The extra $90 you save goes toward more bitcoin.
The Case for Trezor Safe 5
The Safe 5 is not just a more expensive Safe 3 — it is a meaningfully better device to use. The 1.54-inch color touchscreen transforms the interaction model. Scrolling through addresses, confirming transactions, and entering passphrases all feel more natural on a touchscreen than navigating with two small buttons.
Why the Safe 5 is worth it for some buyers:
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Touchscreen clarity: Reviewing transaction details — addresses, amounts, fees — is easier on a larger color screen than on a small OLED. This matters because hardware wallet safety depends on users actually reading and verifying what's on the screen. A better screen means better verification habits.
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Haptic feedback: The Safe 5 gives tactile confirmation when you tap the screen. Small detail, but it makes the device feel more responsive and trustworthy.
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Premium build: If you're storing significant bitcoin and plan to use this device for 5–10 years, the improved hardware quality is meaningful. The Safe 5 feels like a finished product; the Safe 3 feels like an excellent utility device.
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Passphrase entry: Entering a complex passphrase on a touchscreen is significantly easier than navigating it with two buttons on the Safe 3. If you use a passphrase (you should, once you're comfortable), the Safe 5 makes this more practical.
Bottom line for Safe 5: If you'll use this device regularly, plan to store substantial bitcoin, and want a device that's genuinely pleasant to use — the extra $90 is justified.
What's the Same: The Important Parts
Both wallets share the security properties that actually matter:
EAL6+ Secure Element: The certified secure element stores private keys in a physically protected environment. Even if someone disassembles the device, extracting keys requires defeating tamper protections designed for bank-grade security.
Open-Source Firmware: Trezor's firmware is publicly available for review. Any security researcher, developer, or bitcoiner can audit the code that runs on their device. This is the gold standard for hardware wallet transparency — Ledger's firmware is only partially open-source by comparison.
Seed Backup: Both use standard BIP39 seed phrases (12 or 24 words) and support Shamir Backup (splitting your seed into multiple shares). Either backup method is compatible with any other BIP39 wallet — your funds are never locked into Trezor's ecosystem.
Passphrase Support: Both support optional passphrases — an additional word or phrase added to your seed that creates a completely separate wallet. This is an advanced feature that protects against physical theft of your seed phrase.
Trezor Suite: Both work with the same desktop and browser app. Coin support, interface features, and software updates are identical across both models.
Comparing to Alternatives
If you're comparing across brands rather than just within Trezor:
vs Ledger Nano X ($149): The Safe 5 and Ledger Nano X are similarly priced. Key difference: Trezor's firmware is fully open-source; Ledger's is not. Ledger offers Bluetooth (Trezor does not), which is useful for mobile users. The 2023 Ledger Recover controversy has pushed security-conscious users toward Trezor. If open-source matters to you, choose Trezor.
vs BitBox02 Bitcoin-Only Edition ($148): The BitBox02 is bitcoin-only, fully open-source, and slightly smaller than the Safe 5. It's a strong alternative at a similar price. The Safe 5's touchscreen is better; the BitBox02's bitcoin-only focus means a smaller attack surface. Coin-by-coin, the BitBox02 is slightly more secure; day-to-day usability edge goes to the Safe 5.
vs Coldcard Mk4 ($149): The Coldcard is the choice of advanced users and Bitcoin maximalists. Air-gapped signing, PSBT support, multisig-native, and the most security features of any wallet. But it has a steep learning curve — not beginner-friendly. If you've outgrown the Safe 5 and want to go deeper, the Coldcard is the next step.
vs Blockstream Jade ($65): The Jade costs less than even the Safe 3. It's open-source, works with Sparrow Wallet, and has a camera for air-gapped QR signing. If budget is the primary constraint, the Jade is excellent value. The Safe 3 offers a more polished experience for $14 more.
Who Should Buy the Safe 3?
- First-time hardware wallet buyers — the best entry point for self-custody
- Value-focused bitcoiners — put the savings toward more sats
- Gift givers — buying for someone who might not use it immediately
- Second or backup device — cost-effective redundancy in a multisig setup
- Anyone satisfied with button navigation — the OLED interface works fine
Who Should Buy the Safe 5?
- Regular users — if you'll sign transactions weekly, the touchscreen quality compounds
- Large stack holders — when the amount you're protecting justifies premium hardware
- Passphrase users — touchscreen makes passphrase entry significantly easier
- People buying a "forever" device — the premium build quality lasts
- Those upgrading from a Safe 3 — logical next step if you've grown into more complex usage
Our Recommendation
For 90% of readers: buy the Safe 3. It is the best-value secure element hardware wallet on the market. The security properties are identical to the Safe 5. The interface is less elegant but fully functional. You save $90.
If you already have a Safe 3 and are considering upgrading, the touchscreen experience of the Safe 5 is genuinely better — but not so dramatically better that it warrants replacing a working device. Wait until your Safe 3 needs replacement.
If you're buying your very first hardware wallet and have the budget, the Safe 5 is a better long-term choice — you'll be more likely to use it regularly if the interface is a pleasure to use.
Frequently Asked Questions
Is the Trezor Safe 3 or Safe 5 more secure? Both have identical security architecture — the same EAL6+ secure element chip, the same open-source firmware, and the same cryptographic operations. The Safe 5 is not more secure than the Safe 3. The price difference reflects interface quality, not security level.
Which Trezor model is best for beginners? The Trezor Safe 3. It's affordable, beginner-friendly with Trezor Suite's guided setup, and has all the security features a beginner needs. Upgrade to the Safe 5 when (and if) you want a better interface.
Does Trezor work with Sparrow Wallet? Yes. Both the Safe 3 and Safe 5 work with Sparrow Wallet, Electrum, and other third-party Bitcoin wallet software. Trezor Suite is the recommended companion app, but you're not locked in.
Can I use a Trezor for multisig? Yes. Trezor devices work in multisig configurations. Trezor Suite supports multisig, and both Safe models work with Specter Desktop and Sparrow Wallet for more advanced multisig setups. For a dedicated multisig-first experience, some users pair a Trezor with a Coldcard or BitBox02.
What happens if Trezor goes out of business? Your bitcoin is safe. Both devices use standard BIP39 seed phrases. If Trezor ceased to exist tomorrow, you could recover your wallet with any compatible hardware or software wallet using your 12 or 24 seed words. You are never locked into Trezor's ecosystem.
The Bottom Line
Both Trezor Safe models are excellent hardware wallets. The security is identical. The decision is about interface: two buttons and a small screen ($79) vs a color touchscreen and haptic feedback ($169).
For most users, the Safe 3 is the right call. Take the $90 you save and buy more bitcoin.
For users who will interact with their device regularly and want the best experience, the Safe 5 justifies its price premium.
Whichever you choose, read our bitcoin cold storage guide before your device arrives, and follow our step-by-step guide to transferring bitcoin to cold storage on setup day. See how both Trezors compare to the full market in our best bitcoin cold storage devices roundup.