Trezor vs BitBox02 — Head-to-Head Custody Comparison

An independent, data-driven comparison of Trezor and BitBox02 across security, insurance, fees, regulatory compliance, and more.

Verdict

Quick Verdict

Trezor scores 6.1 vs BitBox02's 5.9. Trezor leads in 1 of 8 categories.

Trezor is better suited for Open-source advocates, Privacy-focused users, Long-term holders. BitBox02 is better suited for Privacy-focused users, Swiss quality seekers, Bitcoin-only users.

6.1

FairCustody Score

Trezor

5.9

Below AverageCustody Score

BitBox02

Scores

Score Comparison

Weighted scores across all 8 custody criteria.

Criterion	Weight	Trezor	BitBox02	Winner
Security	20%	8.5	9.0	BitBox02
Insurance	15%	1.0	1.0	Tie
Regulatory	15%	2.0	2.0	Tie
Fee Transparency	10%	9.5	9.5	Tie
Track Record	15%	9.0	7.0	Trezor
Withdrawal Flexibility	10%	9.5	9.5	Tie
Reporting & Audit	10%	2.0	2.0	Tie
Counterparty Diversification	5%	9.0	9.0	Tie
Overall Score	100%	6.1	5.9	Trezor

Visual

Score Radar

Visual overlay of Trezor and BitBox02 across all categories.

TrezorBitBox02

Deep Dive

Category-by-Category Analysis

A deeper look at how each provider performs in every scoring criterion.

Security (8.5 vs 9.0)

Trezor uses Open-source hardware wallet key management with 100% in cold storage and regular penetration testing. Compliance: Open-source audited. Incident history: Physical extraction vulnerability (patched). No remote compromises..

BitBox02 uses Dual-chip hardware wallet key management with 100% in cold storage and regular penetration testing. Compliance: Open-source audited. Incident history: No known compromises.

Insurance (1.0 vs 1.0)

Trezor offers None — self-custody hardware via N/A. Hardware wallet. Full user responsibility.

BitBox02 offers None — self-custody hardware via N/A. Hardware wallet. Full user responsibility.

Regulatory (2.0 vs 2.0)

Trezor holds N/A — hardware manufacturer and is not a qualified custodian operating in Czech Republic (EU). SatoshiLabs — consumer electronics.

BitBox02 holds N/A — hardware manufacturer and is not a qualified custodian operating in Switzerland. Shift Crypto AG — Swiss-registered company.

Fee Transparency (9.5 vs 9.5)

Trezor charges None in annual custody fees with Network fees only per transaction. One-time purchase. Fully open-source. Free Trezor Suite software.

BitBox02 charges None in annual custody fees with Network fees only per transaction. Swiss quality. Bitcoin-only edition available for maximalists.

Track Record (9.0 vs 7.0)

Trezor was founded in 2013 and is headquartered in Prague, Czech Republic. AUM: N/A (hardware manufacturer). Incident history: Physical extraction vulnerability (patched). No remote compromises..

BitBox02 was founded in 2019 and is headquartered in Zurich, Switzerland. AUM: N/A (hardware manufacturer). Incident history: No known compromises.

Withdrawal Flexibility (9.5 vs 9.5)

Trezor withdrawal fees: Network fees only. Minimum account: ~$69 (Model One) / ~$219 (Model T) / ~$169 (Safe 3). Supported assets: Bitcoin, Ethereum, 1,800+ cryptocurrencies.

BitBox02 withdrawal fees: Network fees only. Minimum account: ~$149 (Multi) / ~$129 (Bitcoin-only). Supported assets: Bitcoin, Ethereum, 1,500+ (Multi edition).

Reporting & Audit (2.0 vs 2.0)

Trezor: SOC compliance is Open-source audited. Not classified as a qualified custodian.

BitBox02: SOC compliance is Open-source audited. Not classified as a qualified custodian.

Counterparty Diversification (9.0 vs 9.0)

Trezor is a cold storage / hardware provider. Key management: Open-source hardware wallet. Keys stored on device. Trezor Suite for management..

BitBox02 is a cold storage / hardware provider. Key management: Dual-chip hardware wallet. Open-source. Swiss-made. Touch slider interface..

Fees

Fee Comparison

Side-by-side fee breakdown for Trezor and BitBox02.

Fee Type	Trezor	BitBox02
Setup Fee	$69-$219 (device purchase)	$129-$149 (device purchase)
Annual Custody	None	None
Transaction	Network fees only	Network fees only
Withdrawal	Network fees only	Network fees only

Trezor: One-time purchase. Fully open-source. Free Trezor Suite software.

BitBox02: Swiss quality. Bitcoin-only edition available for maximalists.

Features

Feature Comparison

Checklist of features across both providers.

Feature	Trezor	BitBox02
Bitcoin-only edition	✗	✓
Coin control	✓	✗
Dual-chip architecture	✗	✓
Fully open-source	✓	✗
MicroSD backup	✗	✓
Open-source firmware	✗	✓
Shamir backup (SLIP39)	✓	✗
Tor integration	✓	✗
Tor support via BitBoxApp	✗	✓
Touch sliders	✗	✓
Touchscreen (Model T)	✓	✗
Trezor Suite desktop app	✓	✗

Recommendation

Who Should Choose Which?

Trezor is better if you…

✓Are a open-source advocates
✓Are a privacy-focused users
✓Are a long-term holders
✓Are a technically-inclined users
✓Want: First hardware wallet — longest track record
✓Want: Fully open-source firmware and software
✓Want: Shamir backup for better key security

BitBox02 is better if you…

✓Are a privacy-focused users
✓Are a swiss quality seekers
✓Are a bitcoin-only users
✓Are a minimalists
✓Want: Swiss-made quality and security
✓Want: Dual-chip architecture
✓Want: Fully open-source

FAQ

Frequently Asked Questions

Is Trezor or BitBox02 better for Bitcoin custody?

Trezor scores 6.1 vs 5.9 in our weighted Custody Score. Trezor leads in 1 of 8 scoring categories. However, the best choice depends on your specific needs: Trezor is best for Open-source advocates and Privacy-focused users, while BitBox02 suits Privacy-focused users and Swiss quality seekers.

What is the difference between Trezor and BitBox02?

Trezor is a cold storage / hardware provider, while BitBox02 is a cold storage / hardware provider. Trezor excels in Fee Transparency, whereas BitBox02 is strongest in Fee Transparency.

How do Trezor and BitBox02 fees compare?

Trezor charges None annual custody fees with Network fees only transaction fees. BitBox02 charges None annual custody fees with Network fees only transaction fees.

Which is more secure, Trezor or BitBox02?

Trezor scores 8.5/10 for security while BitBox02 scores 9.0/10. Trezor uses Open-source hardware wallet key management, and BitBox02 uses Dual-chip hardware wallet.