The KeepKey hardware wallet was launched in 2015 and while it might not be as popular as the Ledger Nano S or TREZOR, the KeepKey is still a great choice for those looking to keep their cryptocurrency secure.
The KeepKey is a fair bit pricier than the Ledger and slightly more than the TREZOR, but its design is definitely a step up from the other two devices. It has a nice sleek metal body that feels more durable. It also features a much bigger digital screen that’s nice and easy to read. The packaging is also superior and includes some nice touches. The box comes with a KeepKey tamper-proof seal to indicate that it hasn’t been opened before and on the inside of the lid they’ve included the URL you need to get started. It all comes together to create the impression that a lot of thought has been put into the overall product design.
The KeepKey is considered one of the most secure hardware wallets on the market and is nice and easy to set up. You simply need to download two Chrome applications - one for generating a wallet and one for connecting to KeepKey through Chrome. The interface is straightforward with clear instructions on how to perform basic actions such as sending and receiving funds, viewing transactions and adding multiple accounts. Since the authentication and transaction confirmations are performed through the physical wallet, the large screen with its nice and clear text, brings a level of peace of mind when performing these important (and sometimes irreversible) actions.
Earlier last year, KeepKey was acquired by Shapeshift, a platform used to exchange cryptocurrencies with each other. This allows you to shift between coins directly in your wallet without having to send them to an exchange. This streamlined process allows you to shift between coins with confidence, knowing KeepKey secures your funds on both ends of the transaction.
While KeepKey is relatively new, the company has built a solid reputation in the community with a fairly high rating on Amazon. Most users are reporting quick response times on issue tickets and a decent level of support from the KeepKey team. There’s an extensive customer support section on their website with a bunch of articles to help you through any sticking points you may encounter as you get used to using your wallet.
THE NOT SO GOOD
Some customers say the KeepKey is too simple for them by placing limitations on the recovery seed and automatically setting fees that aren’t able to be changed. The device is also a fair bit bigger than the Ledger and TREZOR and is not as portable, or possibly as drop-proof. However, while this might be a slight negative, your wallet is all about keeping your cryptocurrency safe, so keeping it in a secure place should be your number one priority.
While the general feedback from the community is positive, the KeepKey doesn’t enjoy the same level of support as the Ledger and TREZOR and right now doesn’t support as many coins.
KeepKey is a reputable company that follows the highest security standards. The firmware is 100% open-source and all devices are tested and packaged in tamper-proof shrink wrap. It’s a well-designed device that provides a comfortable user experience with an uncomplicated and intuitive software interface. Definitely worth considering as an alternative to the TREZOR or Ledger Nano S.
At the time of writing the KeepKey can store Bitcoin, Litecoin, Dogecoin, Namecoin, Ethereum and Dash.
ERC20 token support will be integrated early this year. The first tokens KeepKey is expected to support include SALT, Aragon, Augur, BAT, Civic, EOS, Golem, Gnosis, OmiseGo, District 0x and FunFair, with many more added in the coming months. ERC20 token support will also be native to the KeepKey hardware wallet and application.
- Great security and feature-packed Bitcoin wallet that makes it virtually impossible for hackers or viruses to steal your private keys.
- Attractive, professionally designed OLED display that makes using the device easier than similar products.
- Durable metal body.
- Price may be out of range for some buyers
- Larger size makes it slightly less portable than TREZOR or Ledger.
- Newer wallet that needs to gain more trust.