What You Get In The Box
Introduction to KeepKey
Things You Should Know About KeepKey
KeepKey is an American company based out of Washington state. Darin Stanchfield is the founder and CEO of KeepKey.
KeepKey is a cryptocurrency hardware wallet, which can be used to store your cryptocurrencies like Bitcoins, Ethereum, Dash, Bitcoin Cash, Litecoin etc. It supports clients such as Electrum, Mycelium and MutiBit along with its Chrome app.
Before using your KeepKey, you will need to initialize it with few simple steps which will not take more than few minutes. The large display makes it even easier and faster to go through those steps.
You will first set the PIN via the keypad on the screen and then it will prompt you to enter 12-word recovery seed. You should write those 12 words on the recovery sheet that you received in the box and keep it in some secure place. If your KeepKey is lost or stolen, you can recover your private keys using this recovery seed.
KeepKey does not have an operating system like your computer or mobile phone. The KeepKey application executes directly on its own hardware, without any supervising application or operating system. It uses a limited protocol to a computer it is connected with and never exposes private key. KeepKey’s advance passphrase feature assures extra layer of security if your device gets stolen. You can also have multiple passphrases, making it even more difficult for thieves with your recovery sentence to gain access to your bitcoins. The device is PIN protected. Unless someone knows your PIN, the device is useless.KeepKey will also limit the PIN entry attempts, increasing the delay required between attempts on each failed PIN entry.
This makes KeepKey most secure hardware wallet.
KeepKey’s display is what makes this hardware wallet stand out with its competitors. It has glossy 3.2″ premium OLED display with excellent build quality.Its screen is larger than any other hardware wallet currently available in the market, which makes it very for sending and receiving bitcoins and other altcoins and greatly increases overall user experience. You can easily watch the transactions and confirmation from exchanges on the screen. Also, the screen is offline which makes sure that the seed is never displayed on any internet connected device. To me, this unique large and crisp display gives the user a peace of mind as it ensures the validity of transactions.
This factor is very important for anyone using hardware wallet. How will I recover my cryptocurrencies if my wallet is stolen or lost?
KeepKey provides many ways to recover your Bitcoins. As long as you have access to the recovery sentence you wrote down during initialization, you can recover your bitcoins on any wallet that supports BIP39 and BIP44. You can also recover your bitcoins on a new KeepKey: this method ensures you do not expose your private key off the device. You can recover your bitcoins with KeepKey’s chrome extension.
Keepkey is a great hardware wallet with premium looks and bank grade level security. Because of its large display, users can carefully review each detail in a transaction. Please make sure not to buy KeepKey from eBay, as there are many sellers selling a fake KeepKey device. Always buy KeepKey either directly from the manufacturer of from authorized dealer – Amazon.
|Ease Of Use:||(4.5 / 5)|
|Security:||(4.8 / 5)|
|Design:||(5 / 5)|
|Features:||(4.8 / 5)|
|Size:||(3 / 5)|
Pros and Cons of KeepKey
1) Solid build quality with bigger and better OLED display makes using the device easier than other similar products.
2) Great product for great price.
3) Bank Grade level security makes it virtually impossible for any hacker to hack the private keys.
1) Bigger in size and hence not much portable to carry in your pocket.
2) No Web Wallet, hence user has to depend on the third party software wallets such as Electrum or MultiBit.
3) Relatively new company. The customer support team is not great.