KeepKey wallet is a pioneering hardware wallet developed by the Swiss crypto exchange ShapeShift. Its distinguishing feature is its focus on both security and design. With an integration of KeepKey devices for making cryptocurrency exchange transactions on Shapeshift, this device stands out in the market of hardware wallets. Moreover, drawing from the partnership between the two parties since 2016, KeepKey was eventually acquired by Shapeshift in 2017 to commemorate their dedication towards privacy and security. In light of all these developments and more, it would be interesting to review how KeepKey scores in other categories needed to make it your go-to hardware wallet.
Easy to use
Secure hardware wallet
No Bluetooth support
The selection of crypto assets supported is somewhat limited
Unique Features of KeepKey
KeepKey is a one-of-a-kind hardware wallet produced by the Swiss cryptocurrency exchange ShapeShift. Beyond security, it prioritizes design in an effort to stand out from the competition. It’s more than just a pretty face, too; with impressive features like compatibility with popular crypto wallets, comprehensive encryption algorithms and support for both desktop and mobile wallets, KeepKey is certainly working hard to make their mark. If you’re ready to invest in reliable crypto storage, this detailed review will help determine if KeepKey is right for you.
Founded in 2015 by Darin Stanchfield, KeepKey is a hardware wallet company based in the US. In 2016, they acquired the Bitcoin wallet Multibit, and then in 2017 they were acquired by Shapeshift. The leadership of the company consists of Darin as the CEO and Ken Hodler, whose last name coincidentally rhymes with “Hodl,” as the CTO. Despite their history of innovative advancements, however, KeepKey has not been able to claim the title of being the #1 hardware wallet. With its increasing competition in this ever-changing landscape, it will be interesting to see how KeepKey adapts and evolves over time.
KeepKey wallet ensures your private keys are kept offline in cold storage for additional security. This allows you to generate and manage them away from any computer vulnerabilities or viruses, but still utilizes safe wallet software for transactions that must be done online. In the era of digital currency, cybersecurity is of the utmost importance and KeepKey allows users to maintain secure transactions with complete peace of mind.
Backup and Recovery
KeepKey wallet offers an exceptional feature for ensuring the safety of users’ funds: straightforward backup and recovery. During setup, the device produces a 12-word recovery sentence that can be used to reliably retrieve your private keys if you ever lose or break your KeepKey. Therefore, with KeepKey’s innovative features, users no longer have to worry about their funds falling into the wrong hands due to computer malfunctions or other unpredictable events that could potentially damage or steal their device.
Perhaps the best thing about this wallet is its sleek and simple display, allowing users to clearly view each transaction they are receiving or sending out with a single glimpse. Moreover, with the confirmation button on each transaction one can be sure that they are in full control of it, ensuring all potential risks remain at bay. Overall, KeepKey offers an advanced and secure experience that allows you to rest easy knowing your digital assets stay safe and sound.
Easy to use
If you’re looking for an easy and secure way to manage your cryptocurrency portfolio, the KeepKey wallet is a great solution. With its advanced security features, it provides reliable protection against theft and fraud. The wallet also makes exchanges simple and quick with the ShapeShift integration – meaning that you can quickly swap crypto assets directly from your wallet! This feature is especially handy if you need to move coins quickly when prices are fluctuating in order to take advantage of the best rates. No more hours spent worrying about complicated exchanges, KeepKey has done all the hard work so you can worry less and reap the rewards more!
It can be very frustrating for users of less popular cryptocurrencies to find a secure wallet that supports their token. KeepKey is an increasingly popular hardware wallet, but it currently supports only 40 coins and tokens. Although KeepKey does offer users a variety of options from top leading cryptocurrency networks, those individuals hoping to use obscure coins might be left feeling disappointed. Fortunately, more and more wallets are beginning to explore lesser known networks, meaning experienced cryptocurrency users have even more options available for safe storage.
What’s in the Box?
KeepKey’s hardware wallet comes with a one-meter long USB-A to Micro-B cable and a thick, coloured cardboard backup note. This is essential, as the hardware wallet relies on the user creating regular backups. For additional information, KeepKey also provides a small booklet of legal notices with each purchase. Keeping this information safe is paramount for using any kind of cryptocurrency wallet securely. Make sure your backup note and legal notices are kept in a safe place to ensure you have access to them should you ever need them.
Set up KeepKey
To get started, all you need to do is download the KeepKey client from the Chrome web store, attach your device and follow the setup process as instructed. It’s a fast and easy process that should take only about 5 minutes. Once it’s finished, you’ll be ready for enhanced security and control over your cryptocurrency assets with total peace of mind. Setting up KeepKey is the first step toward ensuring your crypto investments remain safe from potential threats.
KeepKey is an extremely secure HD wallet that utilizes the BIP32 protocol to store private keys, giving users extra peace of mind. Additionally, KeepKey requires manual authorization for each transaction and has a distinct PIN code, making it impossible for hackers to access user funds even if their computer is infected with malware. In case of physical theft, the wallet can be recovered by entering the 12-word recovery seed into any computer or KeepKey device. These distinct features make KeepKey one of the best wallets on the market for protecting user data and assets from both physical and virtual theft.
KeepKey is a robust hardware wallet that provides an extra layer of protection for storing digital assets. Its attractive aluminium case and large intuitive display facilitate the user experience and make it easy to use, however, its 40 supported cryptocurrencies can be limiting compared to other wallets offering up to 1000 coins and tokens. Still, KeepKey has plenty of features to offer with its sleek design, such as integrations with major Bitcoin services like ShapeShift, which allow users to easily exchange cryptocurrencies without having to access their KeepKey wallet. With the prospect of adding more currencies and expanding its service in the crypto climate, KeepKey has the opportunity to develop into something much greater than it is today. Ultimately, it’s an adequate product for many users but those requiring access to more digital assets may have to consider different options.
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