KeepKey is an extremely popular and efficient hardware wallet that can be used for storing a variety of cryptocurrencies in the most secure means possible.
It’s not as popular or as efficient as some of the other hardware wallets in the market such as Ledger Nano S and TREZOR. However, as a hardware wallet it can guarantee that your bitcoins will be kept completely safe and out of reach of any hackers.
In this article, we’ll discuss every aspect of KeepKey, and figure out whether you should be using this hardware wallet.
You can BUY KEEPKEY right now for $129.
PART 1: Key Features, Price, and Comparison
The first thing you need to know about KeepKey is its features and compatibility. That’s what we’ll explore in this part of the article.
- Supports 6 Cryptocurrencies: KeepKey currently only supports a few cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Dogecoin, Namecoin, and Dash.
- Security: You can only access KeepKey by entering the PIN number which is held securely within the device.
- Recovery Seed: In case your KeepKey gets lost or damaged, you can get another KeepKey and easily restore your wallet. When you first set up the KeepKey, you’ll receive a 12-word Recovery phrase. You should write it down somewhere and keep it safe. It can later be used to restore access to your wallet.
- Ease of Use: KeepKey has a very large display screen in which you can see the transaction details clearly. Furthermore, no transaction can be approved without you pressing the right button. This also prevents hacking because any hacker would also need access to your KeepKey device.
Price: KeepKey is quite a bit more expensive than its competing hardware wallets. It costs $129.
In terms of compatibility, it can store fewer cryptocurrencies than the other wallets, and it also doesn’t store ERC-20 tokens. Furthermore, if you want a device that’s extremely small, you should go for Ledger Nano S as KeepKey is quite larger.
However, KeepKey is said to be more user-friendly. This is precisely because the large size gives it a bigger screen on which to clearly display transaction information.
In the table below, I’ve given you a detailed comparison of all the best bitcoin wallets in the market, both hardware and online. You can go through them to determine which is best suited for your needs.
|Wallet||Review||Type||Security||Ease of Use||Check Website|
|Ledger Nano S||Ledger Nano S Review||Hardware Wallet||Great||Difficult||Check|
|Trezor||Trezor Review||Hardware Wallet||Great||Average||Check|
|KeepKey||KeepKey Review||Hardware Wallet||Okay||Easy||Check|
|blockchain.info||Blockchain.info Review||Online Wallet||Okay||Okay||Check|
|Coinomi||Coinomi Review||Online Wallet||Good||Easy||Check|
|Xapo||Xapo Review||Online Wallet||Good||Average||Check|
|Exodus||Exodus Review||Online Wallet||Okay||Easy||Check|
|Jaxx||Jaxx Review||Online Wallet||Good||Average||Check|
PART 2: How to Use It?
You can use your KeepKey device in conjunction with any desktop OS, be it Mac, Linux, or Windows. You can also download a Google Chrome plug-in which you can use with your browser.
You need to first download the KeepKey software from the Chrome store, and then connect the device to the computer via a USB cable. The software is fairly easy to follow and has an intuitive design on how to send or receive funds or how to add several accounts.
In the software, you’ll have to add an account and select the cryptocurrencies you want to display. Now you can deposit cryptocurrencies into the wallet or even exchange one currency for another.
For a detailed walkthrough, you can watch the following YouTube video:
How many cryptocurrencies does KeepKey support?
KeepKey supports a total of 6 cryptocurrencies – Bitcoin, Ethereum, Litecoin, Dogecoin, Namecoin, and Dash.
What will happen if I lose my KeepKey?
If you lose your KeepKey, you can buy another KeepKey and set that up. All you have to do to restore all your transaction data and cryptocurrencies is to use your recovery phrase from the previous KeepKey. With this, you’ll be able to regain access to your wallet!
What happens if I forget the KeepKey PIN code?
If you forget the KeepKey PIN you can’t use the device. However, you can enter the wrong PIN thrice. This will make the device automatically factory reset. Now, you can set up the wallet all over again by using your recovery phrase.
As you can see, KeepKey is an extremely efficient hardware wallet that can be used to store all the most popular cryptocurrencies. As the largest of all the hardware wallets, it also boasts the clearest display. If that’s important to you, this is the ideal option for you.
Whatever you decide to use, please feel free to comment about it down below!
If you need a hardware wallet with a large screen that’s easy to operate then KeepKey is the ideal choice.
- Great User Interface
- You can see transaction details clearly
- Extremely Secure
- Limited support for cryptocurrency storage.
- More expensive than other hardware wallets.