KeepKey is a hardware cryptocurrency wallet, which supports about forty different tokens, among them famous names like Bitcoin and Ethereum, and several altcoins. While other hardware wallets like Ledger have a solid reputation behind them, KeepKey is still new to the market. However, it is one of the trustworthy hardware wallet options globally.
Below you will find a detailed review of KeepKey, an overview of the main pros and cons of the wallet, as well as answers to some frequently asked questions.
- Advantages and disadvantages of the KeepKey wallet (Pros and Cons)
- KeepKey Company Review
- KeepKey Wallet Review
- Frequently Asked Questions
Advantages and disadvantages of the KeepKey wallet (Pros and Cons)
- Pro: Price
One of the biggest advantages of the KeepKey wallet is its price and quality ratio. For $49.99, customers get one of the best devices on the market in terms of both security and design.
For comparison, KeepKey’s biggest competitor, the Ledger Nano, can be purchased for around triple the price – $133.
- Pro: Regular updates
One other advantage of the KeepKey wallet is the frequent update scheme the company offers. The firmware and clients are both regularly updated, in order to provide the best service to clients.
Just recently, KeepKey released the latest firmware and updates for their wallet. https://twitter.com/cryptokeepkey/status/1174755158250549248
The fact that KeepKey is looking to keep its services updated shows that the company has the desire to develop and upgrade. Not only that, but frequent updates also show a customer-centric approach to business, which is always important.
- Con: Size
KeepKey is one of the larger hardware wallets on the market. While competitors like Ledger have streamlined their work into the size of a USB thumb drive, KeepKey is close to double that size.
Even so, the KeepKey device is very practical and easy to carry around. However, some customers find it to be a little too bulky for transportation.
- Con: New to market
Probably the only disadvantage KeepKey is still battling is its lack of popularity and brand distinguishment.
The product KeepKey has created is tremendously competitive in the field of hardware wallets. Unfortunately, the company has not yet managed to promote itself as a brand, as have Ledger and other more popular hardware wallets.
KeepKey Company Review
KeepKey was created by Darin Stanchfield in 2015, and the main offices of the company are located in the United States. In an expansion campaign in 2016, KeepKey purchased another hardware wallet called Multibit.
After successfully launching the KeepKey hardware wallet, and running for a couple of years, the company was bought by Shapeshift, a popular cryptocurrency exchange.
KeepKey Wallet Review
In order to start using the KeepKey wallet, you need to purchase it from the official website. At the moment, the price for one KeepKey device is $49.99, which makes it one of the most price-competitive wallets on the market.
The KeepKey wallet is about twice the size of a USB thumb drive and has a very modern and sleek design.
When you receive your KeepKey wallet, you will see that it comes in a luxurious box, including the device, a USB power cable, and a sleek card to write down your security phrase.
Once you have the device, you should download the KeepKey Client, which can be found in the Chrome Web Store.
Setting up your KeepKey device is very easy, as there are only several steps before it becomes active. You need to register with the client, set up a password, and a PIN code. After you’ve done this, the device will display a 12-word security phrase, which should be written down on the little card supplied with the pack.
After you’ve done this, you are ready to start filling your KeepKey wallet with Bitcoins and altcoins.
Overall, the KeepKey wallet is one of the most impressive little devices currently available for purchase.
Overall the KeepKey hardware wallet can be considered a good starting option for aspiring cryptocurrency holders.
It is one of the most affordable devices available on the market currently. What is even better is that KeepKay has all the functionalities necessary for beginners in the cryptocurrency sector.
There are several disadvantages to using this device, yet it is one of the best starting devices. The only compromise KeepKey has made with, is the size of its device, as it is a bit larger than some competitor wallets.
If you are looking for a starting hardware wallet, KeepKey is a very good choice, as it comes at a significantly reduced cost, but performs as well as more expensive competitor options.
Updates/Developments – 21 Nov 2019
Works on PC, Mac, Linux, and Android: KeepKey is a USB HID-class device. That means, like a typical mouse or keyboard, drivers are not required. Plugin the provided premium USB cable, and your device just works: immediately giving you the highest level of bitcoin security.
The device works in every country by Key Hodlers, LLC. SELLER on November 26, 2019
Frequently Asked Questions
1. Does KeepKey work with Windows, Mac, and Linux alike?
KeepKey has made sure to make the wallet client available for all popular operating systems. You can run the client on Windows, Mac, and Linux.
2. Is there a mobile phone application for the KeepKey wallet?
Yes, there is mobile phone integration for the KeepKey hardware wallet. In order to connect the wallet with your mobile phone, you need to download the MyCelium application from your phone’s app store.
3. Is there a limit to the number of keys KeepKey can store?
As KeepKey is using BIP32 protocols, users have the opportunity to store as many keys as they want. There are no limits to the types of keys, or the number of keys users can save in their KeepKey wallets.
4. Do you need a ShapeShift Membership account to use KeepKey?
While ShapeShift and KeepKey have created a successful partnership, users of the hardware wallet are not forced to create an account with the asset exchange.