- Most secure & feature packed Bitcoin hardware wallet available
- Digital screen & metal body
- $99 price may be out of range for some buyers
- New wallet, needs to gain more trust
KeepKey is a secure Bitcoin hardware wallet that was launched in 2015. Like the TREZOR and Ledger Nano S, it is easy to setup but also has some more advanced features, making it a great choice for new and experienced Bitcoin users alike!
Costs $99 and can be purchased on Amazon. High price tag is due to its digital screen, metal body, and high level of security.
Make sure you NEVER buy a KeepKey or any other hardware wallet from eBay.
Only buy from KeepKey’s website store or from Amazon.
The purpose of a hardware wallet is to store private keys offline in a secure envoriment. KeepKey provides top-notch security and protects against both physical & virtual theft. It can be used on any computer, even one that’s been infected with malware or targeted by hackers. Think of it as a tiny computer that’s built specifically to store Bitcoin private keys.
In addition to offline storage, KeepKey’s pin code and number randomization makes sure that 1) your wallet is secure from physical theft and 2) that a hacker couldn’t steal bitcoins from your wallet with malware.
KeepKey is an HD wallet, meaning your entire wallet can be backed up with the 12 words generated on setup. 12 words is the default setting, although KeepKey supports seed lengths of 18 and 24.
The seed is generated using entropy from both the device itself and the computer used for setup. The seed is generated offline on the KeepKey and displayed on the device’s screen. The device’s offline screen makes sure the seed is never displayed on an internet-connected device.
You can recover your wallet using the backup seed if your device is lost, stolen, or damaged. Recovery can be done with KK’s Chrome extension. Make sure to keep multiple backups of your seed and follow other best practices.
The wallet’s screen helps confirm you’re sending to the intended recipient, but does not prevent phishing attacks.
Setup and Initialization
Watch the video above or read our in-depth guide to learn how to initialize a KeepKey. The process is very simple and only takes a few minutes.
As with any hardware wallet, using your device is only as private as the software wallet it’s used with. Electrum, KeepKey Chrome, and MultiBit HD support KeepKey. Electrum is the most private of the three.
KeepKey vs. TREZOR
KeepKey is actually a port of the TREZOR’s code and firmware.
There is no huge difference besides that TREZOR has been around much longer. The design of the two devices also differ. KeepKey has a more premium feel, is aluminum, and heavier. TREZOR is plastic and lighter. TREZOR is very light and may be more drop-proof than KeepKey.
KeepKey vs. Paper Wallet
KeepKey may be better than a paper wallet for less technical users. Paper wallets can be hard to setup and it’s easy to make mistakes. With KK it’s easier to create secure offline storage. Paper wallets are just as secure if created correctly, though.
Does KeepKey Work with Ethereum?
KeepKey can be used to store Ethereum, Litecoin, DASH, and other altcoins. It’s up to software wallet developers to integrate support–the device itself is compatible with any altcoin.