Key Highlights
- Trezor Safe 7 won the 2026 Red Dot Award for product design.
- The device focuses on simple use and strong security, including touchscreen features, open-source, offline storage.
- Most crypto users still avoid hardware wallets despite low trust in exchanges after the FTX collapse.
Trezor, a hardware crypto wallet firm, announced today that it has won a 2026 Red Dot Award in the Product Design category for its Safe 7 hardware wallet.
The award is known as one of the biggest design competitions in the world and has been running since 1955.
The recognition places the device among globally awarded products for design quality, which had been previously won by big brands in the past including brands like Apple, Sony, Dyson, and Ferrari.
Trezor, in a release shared with The Crypto Times, said that the Safe 7 is the most widely used hardware wallet to win this award, with more than 2 million devices shipped since 2014.
New wallet built for everyday users
The Safe 7 is Trezor’s main device right now. It is reportedly built to be simple and easy to access while still keeping security strong. The company said the wallet comes with a haptic touchscreen, meaning users can control it by touch and not by buttons.
In addition, it also runs on fully open-source software, with the code accessible to anyone. It uses the TROPIC01 transparent secure element, a chip that is designed to be open for public review, and any other hardware wallets, it stores crypto offline, helping users keep full control of their funds without depending on exchanges or other services.
Global recognition and expert review
Trezor said the award was judged by about 40 design experts from different parts of the world, and the win will be formally celebrated at the Red Dot Gala on July 7 in Essen, Germany.
According to the Trezor’s Head of Hardware, Adam Budínský, he said the idea of the product was to change how people see hardware wallets.
“For some people, their first impression of a hardware wallet is that it looks like something built for engineers. That impression keeps people away before they even learn what self-custody means. The Safe 7 was designed to fix that,” he said. He added that the recognition reflects user feedback, stating, “Winning Red Dot confirms what our users already told us, that this feels like a product that belongs next to the rest of your devices, and can be used easily.” He said in a statement.
Why many users still avoid hardware wallets
Trezor also mentioned that about 98% of crypto users still keep their assets on exchanges or custodial wallets instead of using hardware wallets. The company also confirmed that users had been finding it hard to trust exchanges ever since the FTX collapse which happened in 2022.
Even with this, many people have not moved to hardware wallets yet citing reasons like fear of losing recovery phrases, the complexity of the setup process, and designs that are not easy to understand.
Budínský also spoke about open-source systems, saying, “There’s a perception that open-source means rough around the edges.” He said the company wants to prove that times can be different and that “ you can build the most verifiable security in the industry and still win one of the most competitive design awards in consumer electronics.”
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