If you are looking for the safest alternatives for storing your crypto, hardware wallets are it. KeepKey is one of the most popular options in the category, closely following more well-known wallets like Trezor and Ledger. Before you make up your mind on which hardware wallet to get, make sure to check out our review on the KeepKey hardware wallet. Keep reading to find out more about this device and its features to figure out whether KeepKey is the right fit for you.
What is KeepKey?
KeepKey, founded in 2015, is ShapeShift’s hardware wallet with 100% open-source firmware. It allows users to store their crypto’s private keys offline and supports over 40 different assets. The device integrates with the ShapeShift exchange, so users can also buy and trade cryptocurrencies using their wallet.
KeepKey Wallet Features
When you purchase a KeepKey wallet, you’ll receive a sealed box containing the device as well as a card and leather case to record and safekeep your recovery phrase and a USB cable. USB connectivity enables you to plug the wallet into your computer in order to physically confirm any transactions. You should take into account that KeepKey is larger than other popular hardware wallets such as Ledger, which makes it less portable. However, it also has the advantage of having a larger display than other wallets which improves navigation and allows you to view long addresses. The wallet is also well made, beautifully designed, and sleek.
Here are some of KeepKey wallet’s stand out features:
- Support for 40+ crypto coins and tokens.
- Devices are PIN protected and a 12-word recovery-phrase.
- Physical approval for transactions using a button on the wallet.
- ShapeShift integration for crypto trading.
- Set custom transaction speeds.
- Add limitless wallet addresses on your device
You can also use your KeepKey wallet on your mobile devices by using the Mycelium app and an OTG adapter cable. The KeepKey device can also integrate with the Electrum wallet.
KeepKey Supported Coins
Compared to other hardware wallets that support hundreds of coins and tokens, KeepKey supports a more limited range of cryptocurrencies. Currently, KeepKey supports 40+ assets. Some of the supported assets include the following:
KeepKey Wallet: Pros and Cons
There are many good reasons to use the KeepKey hardware wallet for your crypto. The wallet is beautifully made with a conveniently large display which makes it very easy to use. It also complies with all of the expected security measures offered by other hardware wallets. The wallet can also link to ShapeShift or Electrum on your desktop and to Mycelium on your mobile devices for additional convenience in your transactions.
On the other hand, there are some considerations you should keep in mind when purchasing this wallet. For starters, there’s its size. While many can find comfort in the larger display, other users might prefer a smaller, easy to carry device. You should also consider that KeepKey supports far less cryptocurrencies than other popular hardware wallets (some of which support over a thousand assets).
KeepKey: The Verdict
KeepKey offers highly secure storage for your crypto on a good-looking device with great design, placing it among the best hardware wallets on the market. While it is still limited in regards to supported assets when compared to other devices, it is a great device for those investors that don’t require to store a wide variety of crypto currencies.