An In-Depth Look at the Keepkey Cryptocurrency Hardware Wallet

Evaluations

Preserving cryptocurrencies secure is a basic a part of collaborating in the digital economic system, and wallets have change into widespread safety options. Today there’s a slew of gadgets on the market, every with its personal choices and options. Considered one of these is the Keepkey pockets, a product that’s been nicely acquired by digital forex buyers over the final three years.

Additionally learn: A Assessment 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 enables customers to retailer a number of cryptocurrencies in a safe vogue. Keepkey is bought for US$129 per machine, which is dearer than the Ledger Nano, Coolwallet S, and Trezor One. However, the small rectangular machine is extra pleasing to carry and the display seems to be very good when the Keepkey is working. The case the Keepkey is available in is packaged nicely and resembles an unopened Apple product. Keepkey, Coolwallet, and the Ledger all have well-packaged packing containers in comparison with the Trezor One packaging.

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

The black Keepkey field is sealed in plastic wrapping and when eliminated there’s additionally a bit 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 info. The Keepkey has a plastic anti-scratch movie laid over the machine’s display and is encased in black foam. Keepkey’s massive OLED display is pleasant to look at and might be considered one of the machine’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, but it surely’s the identical 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 technique of initiating a seed till the firmware was downloaded into the machine. Eradicating the USB cable from my Keepkey was an uncomfortable feeling and it took a little bit of pressure to insert and take away the wire in comparison with different gadgets. Ledger Nano might be the finest so far as connecting the wire, with the Trezor One following behind as a result of my Trezor machine has all the time had a bizarre connection feeling as nicely. Nonetheless, after utilizing the USB connection just a few occasions with the Keepkey, connecting was simpler and received way more comfy to insert over time.

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

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

Transactions, Shapeshift, and Comparisons to Different Fashions

Not like different wallets, Keepkey must be plugged in to view accounts and so they can’t be seen when the machine 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 all the time ship a small fraction of crypto simply to ensure the software is working correctly. The pockets instantly noticed the transaction; you possibly can 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 may be seen in a separate window and searched with the platform’s tethered block explorer.

The Keepkey’s interface is pretty intuitive, and you may change issues like the PIN or use the pockets’s in-client Shapeshift possibility inside the settings part. Sending and receiving is easy and the precise machine itself is used for signing verification, whereas additionally exhibiting sending/receiving addresses on the display as nicely.

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

Following the transaction, I made a decision to look at the shopper’s Shapeshift integration. Keepkey is owned by the agency Shapeshift AG and was considered one of the first wallets to supply buying and selling talents inside the pockets. Just lately, nevertheless, Shapeshift has modified the platform’s enterprise mannequin to a membership change and all Keepkey customers need to register utilizing the shopper.

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

The required gadgets wanted to make use of Shapeshift embody a verified electronic mail and the consumer should submit a photograph ID to commerce. All of those duties may be finished by way of the Keepkey shopper and a fast electronic mail verification. After the account is processed you possibly can commerce on the Shapeshift change 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 machine. The Keepkey’s consumer interface is extra comfy to maneuver round and use than the Ledger Nano, and Keepkey operates equally to the Trezor One. Not like 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 machine doesn’t have help for too many cryptocurrencies proper now, and different merchandise provide a higher choice. However so far as the cash it does maintain, the Keepkey affords a simple to make use of working system and is simply as safe as its opponents through the use of comparable opsec methods.

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

Disclaimer: This editorial must be thought-about Assessment or Op-ed materials. The opinions expressed on this article are the creator’s personal. Bitcoin.com doesn’t endorse nor help views, opinions or conclusions drawn on this put up. Bitcoin.com shouldn’t be accountable for or accountable for any content material, accuracy or high quality inside the Op-ed article. Assessment editorials are meant for informational functions solely. There are a number of safety dangers and strategies which can be in the end made by the selections of the consumer. There are numerous steps talked about in opinions and guides and a few of them are thought-about optionally available. Neither Bitcoin.com 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 duty. For good measure all the time cross-reference guides with different walkthroughs discovered on-line.


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


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About Tom Greenly

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