KeepKey Review & Guide 2018

KeepKey Hardware Wallet & Guide

*All content up to date – March 17th, 2018

KeepKey is the latest release in Crypto hardware wallets. Much like the TREZOR & Ledger, the it offers unrivaled security and simplistic design.

It was launched in 2015 and has attracted a lot of attention. It really is a beautiful hardware wallet. Don’t let that fool you though, the KeepKey protects against both physical and virtual theft making it the ideal storage for your virtual assets.

Let’s go over why the it’s worth purchasing! 

*Current Market Price – $129 USD.

Heres a really cool video, I recommend you watch it.

KeepKey Review

Overview

Here are a few of KeepKey’s main features:

  • Multi-Currency Support.
  • Exchange between assets directly on device using ShapeShift.
  • Supported by clients including Electrum, MultiBit, and Mycelium.
  • Virus & Malware Proof.
  • Works on PC, Mac, Linux, and Android.
  • 100% Open Source.
  • Bare-Metal Program Environment – KeepKey application executes directly on the hardware, without any supervising application or operating system.

Security

The purpose of any hardware wallet is to store private keys in a secure environment. KeepKey provides Top-Rated security. Like the TREZOR & Ledger Nano S, the KeepKey can be used on any computer, even ones infected with malware or viruses. 

*I might sound repetitive when reviewing hardware wallets but they all pretty much have security down to a science. So if you don’t want to hear me talk about security, feel free to scroll down!

Keep in mind, it uses the same 2nd screen protection that TREZOR uses which makes it invulnerable to keystroke spying (Really great feature).

It also requires a PIN code during setup and offers number randomization which:

  • Secures your wallet from physical theft.
  • Secures your wallet from hackers (malware theft).

KeepKey is an HD wallet as well, meaning your entire wallet can be backed up with a 12-word seed or phrase generated on setup (12 words is default but supports 18-word and 24-word lengths). The seed or phrase is generated offline on the KeepKey and you will see it on the display. 

DO NOT LOSE YOUR 12-WORD SEED!

Its display is also used to confirm all your transactions. This will help you make sure you’re sending to the right person and the right amount!

Design

KeepKey’s aesthetically-pleasing design is what makes it stand out from the competition. I keep saying this, but it’s a beautiful device. 

When I received mine, I was immediately excited to start unboxing it. You can tell a lot of thought was put into the packaging and product design. The box comes with a KeepKey seal which shows the device wasn’t tampered with (as shown above). It’s definitely bigger than its competitors as well. 

I mean the attention to detail and quality is crazy.

In terms of design, it’s at the top of its class.

Supported Currencies

The KeepKey is not only a Bitcoin hardware wallet but a Cryptocurrency hardware wallet, currently supporting:

  • Bitcoin (BTC)
  • Litecoin (LTC)
  • Bitcoin Cash (BCH)
  • Ethereum (ETH)
  • Dogecoin (DOGE)
  • Dash (DASH)
  • Namecoin (NMC)

Conclusion

The KeepKey has the bigger price tag ($129) compared to its competitors.  Its not by much, and the security and design make it worth it.

I tell everyone this when it comes to hardware wallets: If you own more than $500 worth of Bitcoin and other cryptocurrency, a hardware wallet is definitely a great investment.

I think of it as insurance. Heres Why – You may never experience a problem storing your Bitcoin online and you can tell your self: “Oh well, I only spent about $100 on this wallet”. But if somehow you’re online wallet was hacked, no matter how much it was, you’d wish you bought yourself a hardware wallet. Sounds like a smart idea to me.

KeepKey

$129
KeepKey
8.7

DESIGN

9.8 /10

EASE OF USE

9.2 /10

SUPPORT

9.0 /10

PRICE TAG

8.4 /10

PORTABILITY

7.1 /10

Pros

  • Multi-Currency Support
  • Aesthetically-Pleasing Design
  • Supported by Popular Wallets (Electrum, Multibit & Mycelium)
  • Intuitive User Interface
  • Beginner Friendly

Cons

  • Cost more than competitors (Not much & Still worth it!)
  • Bigger than its competitors , Not very portable (Some might like this)

KeepKey Guide - Unboxing & Setup

Check out this video and if you still need help, I’ve explained step-by-step how to get started with your KeepKey below:

Getting Started :

Everything you need to get started comes in the KeepKey box you received (except the computer obviously).

  • KeepKey Device (included)
  • USB Cable (included)
  • Recovery Card (included)
  • Latest Version of Google Chrome Browser (Free Download)
  • Computer & Pen (in courtesy of yourself)

Step. 1

Step. 2

Use the USB cable that came with your KeepKey to connect it to your computer.

Step. 3

Open Google Chrome, Locate the KeepKey Client App, and Run it.

Step 4.

When you launch the KeepKey Client, you will be prompted to initialize your KeepKey.

Just click “Initialize KeepKey” (as shown below).

During the initialization, your new private keys are created and you will be provided a backup for them as well.

Step 5.

Select a label / name for your KeepKey (this can be changed anytime)(A name or label will help you distinguish your KeepKey in case you own multiple devices).

Step 6.

You will be required to set a PIN for your KeepKey, between 1-9 digits. You will also be asked to confirm your PIN again.

*Step 7.

After you confirm your PIN, you should see a 12-word recovery sentence on your KeepKey’s display. 

This serves as your KeepKey’s ENTIRE backup.

You can use the 12-word recovery sentence to recover your Bitcoin and other assets in case your lose or damage your KeepKey! Read it again if you don’t get it the first time!

  • Write down the 12-word recovery sentence and make sure you confirm that each word is written down correctly!
  • You are only shown this sentence once!
  • Make sure it is correct and in the right order! It will be numbered 1-12!
  • Keep the recovery sentence in a safe and secure place.
  • Again, this recovery sentence can be used to recovery your funds or assets in case your lose or damage your KeepKey!
  • Anyone who discovers your recovery sentence can access all of your funds!

After you confirm your 12-word recovery sentence, your KeepKey is now fully initialized! You are ready for your first transaction!

KeepKey: Receiving Bitcoin

I’ll teach you how to receive Bitcoin from a third-party wallet using your KeepKey.

Step. 1

Connect your KeepKey to your computer and run the KeepKey Client App.

Step 2.

When you open your KeepKey Client App, you will see a list of all your accounts on your device. Choose your account.

Step 3.

Select “Receive Bitcoin”

Step 4.

You will now see your new Bitcoin wallet address popup. Safely copy the “receiving” address by clicking the “green” clipboard icon to the right of it. If you’re using a mobile, you can simply scan the QR code shown.

You can now give this address to anyone you require payment or funds from. You can also send Bitcoin to this address from any other wallets you may own. This Bitcoin wallet acts as a regular Bitcoin wallet. It’s just a lot safer.

Once you create your Bitcoin address, it is yours forever.

Step 5.

Lastly, make sure the address provided matches the address displayed on your KeepKey.

Every time you create a new address, you will see it pop up on your KeepKey display as well.

Your KeepKey does not need to be connected in order for you to receive funds!

You may save one or more addresses to use at a later date without having to connect your KeepKey.

*That should be everything you need to know! As always, I will update this guide if anything new comes up. If you need help with anything, feel free to comment below or go to our digital help desk!

Invest & Safe Trading!

KeepKey

$129
KeepKey
8.7

DESIGN

9.8 /10

EASE OF USE

9.2 /10

SUPPORT

9.0 /10

PRICE TAG

8.4 /10

PORTABILITY

7.1 /10

Pros

  • Multi-Currency Support
  • Aesthetically-Pleasing Design
  • Supported by Popular Wallets (Electrum, Multibit & Mycelium)
  • Intuitive User Interface
  • Beginner Friendly

Cons

  • Cost more than competitors (Not much & Still worth it!)
  • Bigger than its competitors , Not very portable (Some might like this)
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