KeepKey: the cleanest hardware wallet

KeepKey is one of the oldest solutions to keep your coins on cold storage. It was founded in 2014 in Seattle and acquired in 2017 by ShapeShift (a Switzerland-based crypto exchange).

This hardware wallet is designed to be safe and very simple to use. Whether you are a complete novice or an expert, it is supposed to satisfy fully.

Is it really friendly user and a good alternative to Ledger or Trezor wallets? Let’s try to answer these questions.


First impressions

The packaging is compact and very clean. It is sealed with an holographic sticker which could be broken by customs officers. The box is closed with a magnet giving it a premium aspect.

The box includes:

  • wallet
  • usb power cord
  • recovery sheet (12 words)
  • warranty card

Set up the wallet

To set up your wallet, you will have to follow a few quick, steps. These are well documented and you can find the whole procedure on this link.

As you can see it, the first thing i had to do before initializing the device, was to update the firmware.

Once the firmware is updated, you can disconnect the Keepkey and proceed to the initialization.

Before you can use the wallet, you need to initialize it. If you want to recover an existing wallet, you can do it with your 12 words seed.

On the other hand, if you want to create a new one, you will just have to follow these quick steps.


Supported coins

Keepkey supports the biggest coins except xrp. There is also a various list of ERC 20 natively supported by the software. You can find the whole list here.


Receiving funds

Keepkey is possibly the easiest wallet i have tested so far. The Google Chrome application is very intuitive and receiving funds require 4 quick steps.

First of all, you connect the device to your computer and launch the app.

Secondly, you select the coin you would like to receive.

Finally you get the address and a QR code on both your computer and Keepkey screen.


Sending funds

Sending some coins is as easy as the rest. You just need to select the coin you would like to send.

Click on “Send/Trade” and fill up the “send” form with the address. Confirm the transaction with the pin code and click on the upper button to finalize everything.

It is done!

The interface is designed to facilitate the transactions between user’s wallets. So you can easily select one of those in the list instead of copy pasting the address each time you would like to submit a transaction.


Conclusions

Keepkey is one of the most friendly user wallets on the market. It is very clean and its unique button makes it very intuitive. The app is well designed and so clear that even my grand mother could easily use it.

On the other hand, there are a few negative points. First, you can only generate a 12-word recovery seed. It is enough to be sufficiently secure but 24 words has become the standard and exponentially increases the security. Keepkey also supports less coins than its direct challengers (Trezor and Ledger).

The price is quite interesting considering the market positioning. For $79 you can acquire a Keepkey. It is slightly more expensive than a Ledger Nano S (€59) but cheaper than a Trezor one (€83).

Overall Keepkey is a great product that i would put right below the Nano and the Trezor because of it integrates less features but for a complete beginner, i would put it at the top of my list from a user experience perspective.

Disclaimer : this article is not a partnership. I asked the team if they could send me a piece so i could test it and give you my unbiased opinion. If i had to partner with anyone it would be disclosed.