Cryptocurrencies are becoming more popular every day, and with that, the need to keep them secure is increasing. With the rise of cryptocurrency thefts and hacks, it is essential to keep your digital assets safe.
One of the ways to do that is by using a hardware wallet. Hardware wallets are devices that store your cryptocurrencies offline, making them less susceptible to hacks and thefts. KeepKey Wallet is one of the hardware wallets available in the market, and in this article, we will review it in detail.
KeepKey Hardware Wallet Overview
| Points | Description |
|---|---|
| Type of Wallet | Hardware wallet |
| Supported Cryptocurrencies | Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), and 40 others. |
| Security Features | PIN code, passphrase, microprocessor, encrypted storage, and secure boot. |
| Compatibility | Windows, Mac, and Linux operating systems. |
| Mobile Compatibility | Only Android (No iOS) |
| Exchange Integration | Shapeshift connect |
| Third-Party Wallet Support | Electrum, MultiBit, and Mycelium. |
| Display | OLED display for easy verification of transactions. |
| Size and Weight | 38mm x 93.5mm x 12.2mm (1.5″ x 3.7″ x 0.5″) and weighs around 54 grams (1.9 ounces). |
| Firmware Updates | Yes |
| Price | Around $79 USD |
| Customer Support | Offers a help center with FAQs, troubleshooting guides, and email support. |
| Company Reputation and History | KeepKey was founded in 2015 and acquired by Shapeshift in 2017. Shapeshift is a reputable and well-established company in the industry. |
What is KeepKey Wallet?
KeepKey is a hardware cryptocurrency wallet designed to securely store and manage digital assets. It was first released in 2015 by the Seattle-based company, KeepKey LLC, and has since gained a reputation for its ease of use and high-level security features.
The device itself looks like a small portable hard drive and has a built-in OLED display to show transaction information. It supports over 40 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple, among others.
The wallet generate and store private keys offline, providing an added layer of protection against hacking and other security threats. It also offers a pin code and recovery phrase for additional security measures.
It can also integrate with a variety of popular cryptocurrency wallets and exchanges, including MyEtherWallet, Shapeshift, and Exodus.
Pros and Cons
| Pros | Cons |
|---|---|
| Secure cold storage | Relatively expensive |
| Supports all top cryptocurrencies | No mobile app for iOS |
| Large, easy-to-use display | Limited coin support compared to other wallets |
| Simple setup process | |
| Backed by a reputable company |
KeepKey Wallet Features Review
Security
One of the main features of KeepKey Wallet is its security. It uses a 256-bit AES hardware encryption, which is the same encryption used by the military. It also has a PIN code and a recovery sentence, which makes it almost impossible for anyone to access your cryptocurrencies without your permission.
User Interface
KeepKey Wallet has a simple and user-friendly interface. The device has a large OLED screen that displays your transactions and balances. The user interface is intuitive and easy to use, even for those who are new to hardware wallets.
Supported Cryptocurrencies
KeepKey Wallet supports over 46 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and other ERC-20 tokens. You can manage multiple cryptocurrencies in one place, making it a convenient way to store and manage your digital assets. List of supported cryptocurrencies-
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Bitcoin Gold (BTG)
- Ethereum (ETH)
- Ethereum Classic (ETC)
- Litecoin (LTC)
- Dash (DASH)
- Dogecoin (DOGE)
- Namecoin (NMC)
- Testnet Bitcoin (tBTC)
Compatibility
KeepKey Wallet is compatible with multiple operating systems, including Windows, Mac, Android, and Linux. It is also compatible with multiple wallet software, including Electrum, Mycelium, and MultiBit.
The wallet does not have a mobile app for the iOS Operating system.
Backup and Recovery
KeepKey Wallet has a backup and recovery feature that allows you to recover your cryptocurrencies in case you lose your device. The recovery sentence is a list of words that you write down when you set up your device. It is important to keep this 12-word seed phrase safe and secure because it is the only way to recover your cryptocurrencies.
Customer Support
KeepKey Wallet has a dedicated support team that is available to help you with any issues you might encounter. The team is responsive and knowledgeable, and they can help you with anything from setting up your device to recovering your cryptocurrencies.
Price
One of the drawbacks of KeepKey Wallet is its price. At $79, it is more expensive than some of its competitors. However, the added security and convenience of managing multiple cryptocurrencies in one place might be worth the cost for some users.
Portable and Size
The KeepKey wallet is a small, compact device that measures approximately 38mm x 93.5mm x 12.2mm (1.5″ x 3.7″ x 0.5″) and weighs around 54 grams (1.9 ounces). It can easily fit into a pocket or purse for convenient portability, and its durable design helps protect it from physical damage.
KeepKey Wallet Setup and Use
Unboxing and Setup
When you purchase KeepKey Wallet, it comes with a USB cable, a recovery card, and a quick start guide. To set up your device, you need to connect it to your computer and follow the on-screen instructions.
During setup, you will generate a recovery sentence, which is a list of words that you write down and keep safe. The recovery sentence is the only way to recover your cryptocurrencies in case you lose your device.
Sending and Receiving Cryptocurrencies
To send or receive cryptocurrencies with KeepKey Wallet, you need to connect it to your computer and open the wallet software. You can then select the cryptocurrency you want to send or receive, enter the amount, and confirm the transaction on the device. KeepKey Wallet supports multiple wallets, so you can choose the one that suits your needs.
Related:
KeepKey Wallet vs Competitors
| Features | KeepKey | Ellipal Titan | Ledger |
|---|---|---|---|
| Supported Coins | 46 | 10,000 | 5,500+ |
| Pricing | $79 | $169 | $59-$149 |
| Connectivity | USB | USB and QR Code | USB and Bluetooth |
| Display | OLED display with 256×64 resolution | 4-inch touchscreen | OLED display with 128×32 resolution |
| Security Features | PIN code, passphrase, and recovery seed backup | Touchscreen, physical buttons, air-gapped operation, and recovery seed backup | PIN code, passphrase, and recovery seed backup |
| Rating | 4.1 out of 5 on Amazon | 4.5 out of 5 on Amazon | 4.4 out of 5 on Amazon |
| Ellipal Titan Review | Ledger Review |
Summary: Is KeepKey Worth it
KeepKey Wallet is a secure and user-friendly hardware wallet that allows you to manage multiple cryptocurrencies in one place. It has a simple interface, excellent customer support, and a backup and recovery feature that ensures the safety of your cryptocurrencies.
While it is more expensive than some of its competitors and supports fewer cryptocurrencies, the added security and convenience might make it worth the cost for some users.
KeepKey
Summary
KeepKey is a reliable and secure option for anyone looking to store and manage their digital assets offline. Its user-friendly interface and advanced security features make it a popular choice among cryptocurrency enthusiasts and investors.
FAQs
Is KeepKey Wallet safe?
Yes, KeepKey Wallet is generally considered a safe and secure option for storing cryptocurrencies. KeepKey uses advanced security features like a microprocessor, encrypted storage, and secure boot to protect your private keys and keep your funds safe. Additionally, KeepKey’s PIN code and passphrase provide an added layer of protection against unauthorized access.
Is KeepKey Wallet compatible with mobile devices?
KeepKey Wallet does not have a mobile app of its own, but it can be used with a number of mobile wallets through the use of an OTG cable. To use KeepKey with a mobile device, you’ll need to connect it to your phone or tablet using a USB OTG (On-The-Go) cable, which allows your device to act as a USB host. Some mobile wallets that are compatible with KeepKey include Mycelium, Electrum, and GreenAddress, among others.
Can I buy cryptocurrencies directly from KeepKey Wallet?
No, KeepKey Wallet does not offer a built-in option for purchasing cryptocurrencies. However, you can buy cryptocurrencies from a number of exchanges and then transfer them to your KeepKey wallet for safe storage. KeepKey integrates with a number of popular cryptocurrency exchanges like Shapeshift making it easy to exchange one cryptocurrency for another without leaving the wallet interface.
Can I use KeepKey Wallet with multiple computers?
Yes, you can use KeepKey with multiple computers. KeepKey is designed to be portable and can be used with any computer that has a USB port and is running the KeepKey client software. To access your wallet from a new computer, simply plug in your KeepKey and enter your PIN code and passphrase to unlock it.
How often should I update the firmware on my KeepKey Wallet?
It’s generally recommended that you update the firmware on your KeepKey wallet whenever a new version is released. Firmware updates may include important security fixes, bug fixes, and new features, so it’s important to keep your wallet up-to-date to ensure optimal performance and security. KeepKey will notify you when a new firmware update is available, and you can follow the instructions provided in the client software to update your device.
