KeepKey Hardware Wallet – Is it Safe?

keepkey hardware wallet
keepkey hardware wallet

Overview

The KeepKey Hardware Wallet supports various cryptocurrencies. Including, Ethereum, Litecoin, Bitcoin, Dash, Dogecoin and more. You can safely secure your digital currencies on your device and make online transactions by connecting it to your computer via USB.

It connects to the internet through two Google Chrome extensions. One connects to the KeepKey hardware and the other generates your address.

Keepkey secures private key storage, generation, and transactions utilizing features such as hardware-based random number generator, 12-words backup recovery phrase, manual transaction approval, and more.

KeepKey Hardware Wallet

49.00+
9.4

Cost

8.9/10

Functionality

9.7/10

Security

9.5/10

Usability

9.3/10

Pros

  • Very easy to use Intuitive design
  • Great security features like the 12-word recovery phrase and PIN
  • Solid offline cold storage that secures your coin from hackers
  • Compatible with various software wallets
  • Compatible with most operating systems
  • Signs transactions rather than transferring the private keys to your computer
  • Protects your currency from compromised computers
  • Supports a variety of coins: bitcoin, bitcoin cash, doge, dash, Ethereum, and others
  • It has an attractive and sturdy build

Cons

  • You may not be able to access your wallet if you forget your password and security phrase
  • The price of the hardware wallet is high compared to other free options
  • Not very portable
  • Relatively new company

 

 

KeepKey Hardware Wallet Review

Many exchanges don’t provide sufficient security to safeguard your coins properly. This lead to the development of different types of wallets serving different purposes. Wallet store public and private keys allowing safer storage and transfer of cryptocurrencies.

KeepKey is an offline hardware wallet that stores digital currencies and secures them from theft and loss. Hardware wallets are the safest means of storing cryptocurrency as they are kept offline and not subject to the same threats as online wallets. And, KeepKey is a popular choice.

The golden bitcoin and euro money in wallet.

Type of Wallet

Hardware Wallet

Included with Wallet

  • Keepkey Device
  • USB Cable
  • Recovery sentence backup card.

 

 

Benefits

  • Shape-shifting feature for converting one cryptocurrency coin into another within the wallet.
  • Has a sleek design and a much more durable feel
  • Large display screen providing a more convenient vetting and confirmation processes
  • Anti-keystroke spying
  • Compatible with a large range of devices
  • Includes TREZOR v1.3.3 as part of its source code

Safety & Security

Considered a very safe wallet for several reasons. Including:

PIN lock: An extra PIN for increased protection and the prevention of unauthorized access to the hardware. Transactions cannot be made without the PIN. It also minimizes unauthorized access by doubling the delay timer for every set of three incorrect entries.
Built with

TREVOR Code: Trevor is a very secure software with several protocols in place to guarantee the safety of the hardware wallet.

Backups

The device was built with backup in mind. Easily access and recover all data from the device with any software supporting BIP 44 and 12-words recovery phrase. Even if the device is lost, stolen or damaged you can recover your, private key or PIN with the recovery 12-word codes.

 

Usability

KeepKey Wallet Transaction Quick Guide

  1. Download two chrome applications (one for generating a wallet and one for connecting to KeepKey through Chrome)
  2. Connect your device to your computer
  3. The computer client then passes transactions to KeepKey
  4. KeepKey displays transaction details and requires manual confirmation through an inbuilt display
  5. Once the transaction is approved, the request returns to the computer client and on to the network
  6. Safely remove your device and keep it safe.

OS Compatibility

  • Linux
  • Windows – PC
  • Mac
  • Android

KeepKey Hardware Wallet Compatibility

  • Electrum
  • Multibit
  • Mycelium

Coins Supported

KeepKey is a Hardware Wallet that supports Bitcoin, Bitcoin Cash, Doge, Dash, Ethereum, and more

 

Reputation

The KeepKey Hardware Wallet has a great reputation. They are well regarded for customer support, continued improvements, and excellent security features.

Customer support

KeepKey has reliable customer service and a reputation for quickly responding to user issues. Additionally, they have an extensive FAQ page for the wallet which covers all of the features.

Feedback

The KeepKey Wallet received numerous positive Amazon reviews right from the start. However, since the Bitcoin Cash Fork reviews and community confidence have fallen. Complaints about Bitcoin transaction difficulties become commonplace.

Even Though Etherum has the same issues confidence has been diminished.

As for security, it remains well regarded.

 

Costs

The usual network fees will apply and as a hardware wallet, it also costs to buy the device. It’s not one of the cheapest hardware wallets around either.

Price

The retail price is about $99 to $129.99.

Fees

Transaction fees are automatically calculated by the KeepKey client ensuring quick confirmation. These are network fees and vary depending on the coins being sent. Fees are not charged by KeepKey.

 

Final Verdict

EXCELLENT

KeepKey is a very secure hardware wallet. It has a very intuitive, easy-to-use design and a great display for confirmation of transactions. For what you get it has a reasonable price and comes with loads of beneficial features.

Despite some reports of Bitcoin transaction issues, KeepKey has no shortage of positive reviews and appears to be doing very well.

Final Verdict: If you want a safe and secure cold storage device that isn’t intended for daily carry this may work for you. All in all, it’s a GOOD product. And a safe wallet option.

 

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KeepKey Hardware Wallet 49.00+ 9.4 Cost 8.9/10 Functionality 9.7/10 Security 9.5/10 Usability 9.3/10 Pros Very easy to use Intuitive design Great security features like the

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