Sunday , May 19 2019
Home / News / Bitcoin / An In-Depth Look at the Keepkey Cryptocurrency Hardware Wallet

An In-Depth Look at the Keepkey Cryptocurrency Hardware Wallet


Retaining cryptocurrencies protected is a basic a part of taking part in the digital financial system, and wallets have develop into widespread safety options. Nowadays there’s a slew of units on the market, every with its personal choices and options. Certainly one of these is the Keepkey pockets, a product that’s been properly acquired by digital foreign money traders over the final three years.

Additionally learn: A Evaluation of the Swiss-Made Digital Bitbox Hardware Wallet

The Keepkey Hardware Wallet

Testing and Comparing the Multi-Cryptocurrency Hardware Wallet KeepkeyEarlier this week I took a glance at the Keepkey pockets, a tool that permits customers to retailer a number of cryptocurrencies in a safe style. Keepkey is bought for US$129 per system, which is dearer than the Ledger Nano, Coolwallet S, and Trezor One. Nonetheless, the small rectangular system is extra pleasing to carry and the display appears to be like very good when the Keepkey is working. The case the Keepkey is available in is packaged properly and resembles an unopened Apple product. Keepkey, Coolwallet, and the Ledger all have well-packaged containers in comparison with the Trezor One packaging.

Testing and Comparing the Multi-Cryptocurrency Hardware Wallet Keepkey
Keepkey’s PIN system is equivalent to the Trezor entry technique. Numbers are displayed on the system and the person has to submit the order on the Keepkey consumer’s on-screen pin-pad. 

The black Keepkey field is sealed in plastic wrapping and when eliminated there’s additionally a chunk of tamper-resistant tape holding the field closed. After inspecting the tape and ensuring the field has not been opened beforehand, a knife is required to chop the tape’s seal. Inside the field is a Keepkey, a 12-word seed card, a USB wire, and a few guarantee data. The Keepkey has a plastic anti-scratch movie laid over the system’s display and is encased in black foam. Keepkey’s massive OLED display is agreeable to look at and might be considered one of the system’s finest options. After opening the Keepkey, I headed over to the firm’s Getting Began web page and downloaded the Keepkey software for Google Chrome. Keepkey solely works with Chrome, nevertheless it’s the similar with most wallets now.

Connecting to Chrome and Initializing the Seed

After putting in the software to Chrome, the platform asks you to plug your Keepkey in to get began. Instantly after initiating the Keepkey it required a firmware replace and wouldn’t begin the means of initiating a seed till the firmware was downloaded into the system. Eradicating the USB cable from my Keepkey was an uncomfortable feeling and it took a little bit of power to insert and take away the wire in comparison with different units. Ledger Nano might be the finest so far as connecting the wire, with the Trezor One following behind as a result of my Trezor system has at all times had a bizarre connection feeling as properly. Nevertheless, after utilizing the USB connection a couple of occasions with the Keepkey, connecting was simpler and acquired way more snug to insert over time.

Testing and Comparing the Multi-Cryptocurrency Hardware Wallet Keepkey
General the Keepkey person interface is pretty intuitive and straightforward to navigate.

Transferring on, the Keepkey begins by initiating a brand new system title, seed and PIN. This system makes you double test the PIN twice after which asks you to put in writing down the seed phrase, which is positioned on the system itself. In contrast to different wallets, the Keepkey doesn’t require you to double test the 12-word phrase. After this course of, you might be granted entry to the first account which is devoted to BTC. To be able to add different cryptocurrencies, there’s a dropdown menu that permits customers so as to add BCH, DOGE, LTC, ETH, plus a spread of ERC20 tokens.

Transactions, Shapeshift, and Comparisons to Different Fashions

In contrast to different wallets, Keepkey must be plugged in to view accounts they usually can’t be seen when the system is disconnected. After the preliminary seed had been arrange, I created a bitcoin money (BCH) pockets to ship myself some funds. Anytime I take a look at a brand new pockets I at all times ship a small fraction of crypto simply to verify the software is working correctly. The pockets instantly noticed the transaction; you may view confirmed and unconfirmed transactions in a separate window that’s tethered to a block explorer.

Testing and Comparing the Multi-Cryptocurrency Hardware Wallet Keepkey
Keepkey transactions will be considered in a separate window and searched with the platform’s tethered block explorer.

The Keepkey’s interface is pretty intuitive, and you’ll change issues like the PIN or use the pockets’s in-client Shapeshift choice inside the settings part. Sending and receiving is straightforward and the precise system itself is used for signing verification, whereas additionally displaying sending/receiving addresses on the display as properly.

Testing and Comparing the Multi-Cryptocurrency Hardware Wallet Keepkey
Keepkey reveals account addresses on the system’s display.

Following the transaction, I made a decision to look at the consumer’s Shapeshift integration. Keepkey is owned by the agency Shapeshift AG and was considered one of the first wallets to supply buying and selling skills inside the pockets. Lately, nonetheless, Shapeshift has modified the platform’s enterprise mannequin to a membership alternate and all Keepkey customers must register utilizing the consumer.

Testing and Comparing the Multi-Cryptocurrency Hardware Wallet Keepkey
Keepkey customers can use Shapeshift in-wallet however must register for the firm’s membership program and confirm their identification as a way to commerce.

The required objects wanted to make use of Shapeshift embrace a verified electronic mail and the person should submit a photograph ID to commerce. All of those duties will be finished by way of the Keepkey consumer and a fast electronic mail verification. After the account is processed you may commerce on the Shapeshift alternate in-wallet utilizing the “fast” or “exact” buying and selling choices.

General, the Keepkey operates pretty easily and I didn’t actually have any issues all through the setup and funding the system. The Keepkey’s person interface is extra snug to maneuver round and use than the Ledger Nano, and Keepkey operates equally to the Trezor One. In contrast to the Trezor or Ledger, the Keepkey makes use of one button navigation however nonetheless works fluidly with the pockets’s duties like sending and receiving. The system doesn’t have assist for too many cryptocurrencies proper now, and different merchandise provide a larger choice. However so far as the cash it does maintain, the Keepkey affords a straightforward to make use of working system and is simply as safe as its opponents through the use of related opsec strategies.

What do you consider the Keepkey pockets? Tell us what you consider this system in the remark part beneath.

Disclaimer: This editorial ought to be thought-about Evaluation or Op-ed materials. The opinions expressed on this article are the creator’s personal. doesn’t endorse nor assist views, opinions or conclusions drawn on this submit. just isn’t accountable for or responsible for any content material, accuracy or high quality inside the Op-ed article. Evaluation editorials are supposed for informational functions solely. There are a number of safety dangers and strategies which can be finally made by the choices of the person. There are numerous steps talked about in evaluations and guides and a few of them are thought-about non-obligatory. Neither nor the creator is accountable for any losses, errors, skipped steps or safety measures not taken, as the final decision-making course of to do any of these items is solely the reader’s accountability. For good measure at all times cross-reference guides with different walkthroughs discovered on-line.

Photos through Jamie Redman, Keepkey, Shapeshift, and Pixabay. 

Have to calculate your bitcoin holdings? Verify our instruments part.

About Tom Greenly

Check Also

Markets Update: Bears Claw Crypto Prices Back While Uncertainty Fills the Air

Digital asset markets fell laborious throughout the early morning buying and selling classes on Could …

Haasbot Is an Automated Trading Tool for the Crypto Market

Sudden and important modifications in the cryptocurrency markets are a typical prevalence. Below such uneven …