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ETH 1.06%




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CryptoUnits - 1539+ Best Cryptocurrency Websites & Bitcoin Sites List of 2023!

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KeepKey 1.1

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Introduction to KeepKey

KeepKey is a hardware cryptocurrency wallet that competes with leading brands like Trezor and Ledger. Its robust security features set it apart. The private key is stored on the device itself, bolstering its security measures. Transactions require device connection to a PC via USB. Even if the PC is compromised, the encryption ensures the device remains secure.

Security and Supported Cryptocurrencies

KeepKey supports over 30 cryptocurrencies, making it versatile. Initial device usage displays the private key. Interaction with the device is facilitated through a Chrome application. The wallet uniquely integrates with ShapeShift, enabling seamless cryptocurrency trading.

Recovery and Functionality

During initialization, users receive a recovery phrase for safeguarding against loss or theft. KeepKey operates on a hierarchical deterministic structure. Its firmware is open source. Notably, the wallet lacks multi-signature functionality and two-factor authentication.

Pricing and Ease of Use

KeepKey's price of $129 places it above competitors Trezor and Ledger. While it may be considered more challenging to use than its counterparts, KeepKey offers unparalleled security. The ShapeShift integration remains a distinctive feature absent from Ledger and Trezor.

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Pros & Cons

  • No Multi-Signature Functionality: Lack of support for multi-signature functionality.
  • Limited Support: Support is notably limited compared to other hardware devices.
  • Reputation Gap: Lacks the strong reputation that other hardware wallets possess.
  • Higher Pricing: The wallet is priced higher compared to its competitors.
  • No Multi-Signature Functionality: The wallet lacks multi-signature functionality.
  • No Two-Factor Authentication: Two-factor authentication is not supported by the wallet.

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