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Keepkey Hardware Wallet Review 

 July 19, 2021

By  Brian Forester

Keepkey is a hardware wallet software that is popular worldwide nowadays and provides higher security for crypto than a paper wallet. Moreover, it is one of the top-3 hardware wallets according to reviews of users as well as Ledger and Trezor. You can get more information about hardware wallets from this Keepkey review as we will describe their pros and cons and some advice for successful usage.

Description of Keepkey hardware wallet

If you want to make safe transactions, protect your private key, and work with bitcoin and other cryptocurrencies securely, wallet Keepkey is a suitable platform for you. It allows users from all over the world to earn money with more than 40 cryptos and work with bitcoin with almost all operating systems. Also, the interface of Keepkey is user-friendly for people with different skills.

The reason for only third place in the rating of hardware wallets is that Ledger and Trezor support more cryptocurrencies and have more positive reviews from users.

Keep reading this Keepkey review as we will discuss more features and specifications of the Keepkey hardware wallet here:

  1. Hardware wallets
  2. Development of Keepkey hardware wallet
  3. Construction of Keepkey hardware wallet
  4. Cost of Keepkey
  5. Supported cryptocurrencies
  6. Process of wallet Keepkey installation
  7. Comparison of top-3 hardware wallets

Hardware wallets

The main difference between the usual cryptocurrency wallet and hardware one is that the latter can store your bitcoin private key and crypto account balance offline. This method of crypto storage emerged in 2013 and became popular because of its unique characteristics and higher privacy. The purpose of hardware wallets is to record all your private keys offline and make them unavailable on the Internet from key loggers infect and malware. Offline storage makes your crypto protected from attacks, provides malware proof, and increases the level of security of crypto.

There are several crypto wallets that people use for trading — explore them with other reviews on our website.

One of the crucial advantages of hardware wallets is that they cannot be affected by key loggers and malware from your computer because it does not include any operating system. It means that you should not worry about the privacy of your money if you are not sure about your computer vulnerabilities.

Firstly this type of wallets was introduced into the market by Trezor and Ledger, and Keepkey was the third software that allowed people to create hardware wallets. There are much more services nowadays that provide an opportunity to generate hardware wallets, but these three ones are leaders in this sphere.

Development of Keepkey hardware wallet

Darin Stanchfield was a person who found Keepkey in 2015 and established ahead department in the US. This company started to work with bitcoin in 2016, and after that, Shapeshift bought Keepkey in 2017, and now they offer a premier wallet for crypto users.

Nowadays, Keepkey is managed by CEO Darin and CTO Ken Holder.

Construction of Keepkey hardware wallet

You may be surprised by the Keepkey packaging when you obtain it. The company designed its product in a way that every detail will bring benefit for users.

Once you receive a Keppkey box, you can notice the original Keepkey logo that confirms that the product is new and has never been used by someone else.

The box from the producer includes the physical device, the USB cable that you will use for connection of the device to your computer, a card for record of recovery phrase, and a case to store the card in.

Even though the design is not the most important thing in any hardware wallet, but the appearance of the wallet Keepkey is the factor that makes the experience of using it better. Besides, it is essential to notice the durability of Keepkey software because its quality is even higher in comparison to most wallets of this type.

Of course, the drawback of the Keepkey hardware wallet is that it is not so portable as Ledger Nano or Trezor. However, its main purpose is to collect a huge amount of crypto, and there is no reason to bring it in your pocket outside. If you are not going to take it with you in a small bag, it will be a great option for a hardware wallet.

As regards screen protection, Keepkey uses similar to Ledger and Trezor technology of 2nd protection. This type of large screen saves the hardware wallet from spying while utilizing wallet software near other people. Do not worry if your wallet gets into the wrong hands because it is PIN protected, and this will save your funds from unauthorized use.

Cost of Keepkey

The original price of Keepkey hardware was high in comparison to its competitors — $239. When they realized that there is a more affordable option on the market, they decrease the price and make it equal $79. It made the Keepkey comparable to Ledger Nano and Trezor not only by its features but also by the price.

If you want to purchase the wallet Keepkey with water and fireproof, you can do it in an offline store in the US for $99.

Supported cryptocurrencies

You can use Keepkey hardware wallet for secure storage of 40 cryptocurrencies, while Trezor and Ledger offer more options. Still, there are a lot of cryptos for secure trading and with all popular ones among them:

  • Ethereum
  • DASH
  • Bitcoin
  • Bitcoin Gold
  • Bitcoin Cash
  • Dogecoin
  • Litecoin

The small number of supported coins is the main disadvantage of the Keepkey hardware wallet because its competitors provide access to the usage of more than 1000 cryptocurrencies. If you want to explore the full list of cryptos you can use with wallet Keepkey, you can find it here.

Process of wallet Keepkey installation

The process of setting up a Keepkey hardware wallet would not be difficult for you if you used another hardware wallet before. There are several steps you should go through to start working with Keepkey.

The first step is to find the Keepkey client in Chrome apps and download it to your device. Proceed with working with a Keepkey app and perform all the stages of registration it requires. Connect your hardware wallet to a computer with the USB cable and follow the instructions on the screen.

The installation will take only 5 minutes and will include activation of pin protection and entering recovery seed to the system. After the registration, you will need to enter the correct PIN or recovery phrase to gain access every time you want to make operations with your digital assets. Moreover, you will need to press the confirmation button while making transactions because the hardware wallet realizes only manually approved transfers.

By the way, if it is more comfortable for you to work with another software wallet, you can connect it to Keepkey hardware as well. For instance, it supports such wallets as MyCelium and Electrum that are widespread among crypto users.

You can not only store your crypto and private keys offline on this hardware wallet but also exchange them and tokens for another cryptocurrency on the platform. This option became available for clients because Shapeshift acquired Keepkey company and developed token support as well. By the way, the transaction history links to block explorer, the current state of your digital asset, and the QR code of the bitcoin address will be presented on the large display of Keepkey wallet.

Comparison of top-3 hardware wallets

According to reviews of users and personal experience, the wallet Keepkey is not the best cold storage on the market today. Even though its design and performance are comparable to others, but lack of cryptocurrencies and lower ratings among clients make Keepkey not so trustable as Ledger and Trezor.

Equalization of price lets Keepkey be closer to leaders in the rating of cold storage, but still, it is not a preferable alternative.

Summary

All in all, Keepkey company did their best to develop their product, and they are still successful in it. If the size and the limited number of available cryptocurrencies are not a problem for you, this cold storage can be helpful to make your funds more protected.

Keepkey is not going to stop work on improvements, and maybe in the future, you will see even more cryptos and higher inclusion of this hardware wallets company into the bitcoin ecosystem.

Many features such as a user-friendly web-based interface, convenient design, increased security, straightforward backup, and others make Keepkey hardware wallet one of the preferable options for traders.

FAQs

Is KeepKey safe?

Keepkey is a hardware wallet where all your cryptocurrencies can be stored securely. You should not worry about their privacy because all the private keys and funds are secured with a bitcoin private key, PIN code, and recovery phrase in contrast to software wallets. Moreover, it is suitable for both advanced users, and beginners as the design and process of installation are straightforward and obtainable for everyone.

What coins does KeepKey support?

One of the main disadvantages of Keepkey as a hardware wallet is that it supports only 40 cryptocurrencies nowadays. The full list of them you can find on the official website of the company. The wallet Keepkey supports such popular crypto coins as Bitcoin, Bitcoin Cash, Ethereum, Dogecoin, and some others. If crypto you are interested in is represented in the Keepkey, this option is one of the preferable ones.

Does the KeepKey client still work?

Unfortunately, the Keepkey client on the Chrome web browser is depreciated now. You can still download the client from ShapeShift platform and work with this hardware wallet and its user interfaces without any problems.

Where is KeepKey used?

Keepkey is a hardware wallet that is used for the protection of crypto coins. People usually use it if they have huge funds and are not ready to lose them because of hacker attacks. The price of the wallet Keepkey and its design is better than most other hardware wallets, but it still competes with two others more developed companies.

Brian Forester


Brian is an experienced journalist and crypto enthusiast. Founder of CryptoCurry - famed for his insightful input on the future of cryptocurrencies and blockchain technologies.

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