Keepkey Wallet Review 2024: Should I Buy This Cold Wallet or Not?

when storage and protection Choosing the right wallet for your cryptocurrency is important for the safety of your assets and your peace of mind.

In this post we will review KeepKey Wallet And help you decide if it’s really worth it.

Who benefits from KeepKey Wallet?

KeepKey Wallet is Electronic Device WalletIdeal for cryptocurrency investors who have prior knowledge of how cryptocurrencies, decentralized applications, and physical wallets work.

It supports multiple cryptocurrencies, including Bitcoin, Ethereum, Rune, Dogecoin, Litecoin, Cosmos, Ripple, and more. This makes it a viable option for a multi-cryptocurrency wallet.

It has security features like: PIN Protection and Backup of seed phraseBut since it is a hardware wallet, it still requires an app connection, which could put you at risk of potential hacking.

As a user, you are responsible for managing your device’s power charge, whether by charging your hardware wallet or replacing the battery.

You need to make sure that the screen is working when you need it, otherwise, KeepKey Wallet May be unreachable If the screen fails.

Overall, this is a good hardware wallet option. However, it is intended for users who have a good knowledge of cryptocurrencies, blockchain functions, and basic technical skills as there are several steps to set up and use it.

If you are a beginner and looking for a more secure and simple solution, I recommend this cold crypto wallet as an easy-to-use option.

Why choose KeepKey?

KeepKey features strong security measures despite requiring a computer connection. It uses Open source software With PIN protection and recovery phrase backup.

The device itself is easy to use, with only one button on the device. It works seamlessly for those with a basic understanding of cryptocurrency storage.

Its screen is clear and allows you to approve and review received cryptocurrencies and addresses, which is a plus for those looking for more reassurance.

⚠️NoteAs a hardware wallet, it needs to be connected to a computer and have firmware updated, which may introduce security risks to the device.

Key Features of KeepKey

Let’s take a look at the key aspects of the KeepKey wallet and see why some crypto investors love it and why others urge you to look elsewhere!

protection

➡KeepKey claims to be designed with the highest level of security in mind but relies on a combination of a PIN and a 12/18/24 word recovery phrase for protection.

When you first set up your wallet, you create this seed phrase, which is necessary to regain access to your wallet if your device is lost or damaged.

➡KeepKey electronic display is 3.12 inch OLED displaywhich can help you verify each transaction.

➡Wallet Firmware It is open source, which helps in auditing and verifying that everything is running smoothly.

design

➡KeepKey wallet is made of Anodized Aluminum It weighs 54 grams.

➡ The aluminum casing is easily scratched and not weather resistant.

➡It is slightly larger than other hardware wallets, with Dimensions 38 x 93.5 x 12.2 mmThis makes it less portable for many users.

➡You can buy the device in classic gray, red, green, gold, or silver.

Supported Cryptocurrencies

➡KeepKey Supported 7000 cryptocurrency And more than 40 ERC-20 tokens.

➡It has recently added new coins and tokens in 2024, working on 350+ Blockchains.

How to Set Up KeepKey Wallet

To set up your KeepKey wallet, you need to follow a few steps.

It’s relatively simple if you have a basic understanding of technology, cryptocurrencies, and crypto wallets.

1️⃣You must download the latest version of KeepKey for your computer.
2️⃣Connect the device to the computer using the cable included with the box.
3️⃣Enter Update mode By disconnecting the device, then holding down the button, then reconnecting the device again.

4️⃣ Update the device bootloader.
5️⃣Update it Firmware.
6️⃣Create your own wallet.

My choiceYou can recover your KeepKey wallet by creating a 12, 18 or 24 word recovery phrase.

price

KeepKey Wallet has competitive pricing:

➡ Regular price $100.00 USD, although they promoted the device in 2024 at a special sale price. 78.00 USD.

➡Compared to other hardware wallets, such as Coldcard and Ellipal, this is a cost-effective option for anyone looking for a multi-cryptocurrency hardware wallet.

Support and Contact

➡KeepKey provides basic customer support via email and its interactive website.

➡Provides resources and guides to help users solve common issues.

a guarantee

➡KeepKey offers a 1-year limited warranty, covering any defects.

➡The warranty does not cover damage caused by misuse by the user.

Overall, KeepKey Wallet is a good option for storing your cryptocurrencies.

However, if you are looking for True cold wallet storage It’s not just a physical device, it’s easier and more manageable, then you have Other options available.

Better solution for real cold storage

if it was safety and protection Whose cryptocurrency is it? Priority #1Then you have to use cold wallet Not just a hardware wallet.

Materials portfolio Providing security by being completely offline and thus protecting against hacking and phishing.

Cold crypto wallets are made of stainless steel, resulting in a durable and damage-resistant card.

Unlike KeepKey and other e-wallets, Materials portfolio It does not have a digital screen so you never have to worry about any digital liabilities or failure.

It requires no setup, making it the perfect choice for anyone looking for a simple, easy-to-use cryptocurrency wallet that offers maximum security.

Final Thoughts on KeepKey Wallet

KeepKey Wallet is suitable if you are looking to access specific blockchains and decentralized applications, although it is not the best option for security or beginners.

It lacks physical security as the device is made of aluminum and is not durable for long term storage.

There are many steps to set up, making it a less attractive cryptocurrency wallet option for those who are not familiar with technology and cryptocurrencies.

You should consider these points when deciding if KeepKey is the best wallet option for you.

Frequently Asked Questions

Is KeepKey Wallet safe?

• It uses a PIN and recovery phrase but requires you to connect to a computer, make transactions through the app, and install firmware.

How to access KeepKey wallet?

• Connect it to your computer via USB and enter your PIN. Then follow the steps provided by the interface.

What is the difference between Trezor One and KeepKey?

• The KeepKey has a larger digital display, while the Trezor One is smaller and more portable.

What cryptocurrencies does KeepKey support?

• Supports over 7000 cryptocurrencies.

Who is the maker of KeepKey?

• ShapeShift bought KeepKey in 2017 and continues to manufacture the hardware.

What is the best wallet for cold storage?

• It depends on your needs. KeepKey is great for storing multiple cryptocurrencies, Trezer is an easy-to-carry wallet, and Material Bitcoin is simple and easy to use.