ReviewsTool reviewsToolsWallets

All about the KeepKey hard Wallet

New wallets for cryptocurrencies? Please read this article first.

keep keyHardware wallets are probably the most robust form of security you can have for your Bitcoins or any other cryptocurrency. They allow you to send and receive cryptocurrencies on any computer. The way the hardware wallets achieve maximum security is by storing your private key and signing your Bitcoin transactions offline so someone trying to “hack” your wallet remotely won’t be able to do so. Most hardware wallets also use a second screen/device to verify actions on your wallet such as signing transaction. This way, if a hacker gains control over your computer, he still can’t do any harm since he requires access to the physical device connected to your computer as well.

Introduction

KeepKey is a hardware wallet that secures bitcoin, ethereum, litecoin, dogecoin, dash, and namecoin. Your assets are protected from hackers and thieves.

Background

KeepKey is a secure hardware wallet that provides access to the world’s leading cryptocurrency assets. Launched in 2015, KeepKey uses advanced technology to provide users with one of the most secure environments for storing their cryptocurrencies.As a Hierarchical Deterministic (HD) wallet, KeepKey can be thought of as a miniature computer designed specifically for storing private keys.

KeepKey’s recent price cut makes it an affordable option for users looking for a combination of value and security when managing their cryptocurrency wallets.

Team

Bob Goodman, CEO Bob has over 37 years of technology related experience in Fortune 500, mid-size and start-up companies. He is a successful C-Level executive with demonstrated management and leadership expertise in very complex, highly competitive and quickly changing global environments. Bob graduated from the United States Military Academy at West Point, NY with a B.S. Engineering degree and obtained his MBA from St. Edward’s University in Austin, Texas.

Kenneth Hodler, CTO Ken has worked in the software industry for over 25 years. He has a Bachelor of Arts from Seattle University. Throughout his career, he has sought to keep his knowledge and skills up to date through various training courses that have included agile process management, Enterprise LEAN, public speaking, Software design patterns, Test Driven Development, and Internet Security. For the last 3 years, he has focused on building systems using the MEAN stack. He has been studying and using Bitcoin since 2011.

KeepKey works with the wallet software on your computer by taking over the management of private key generation, private key storage, and transaction signing. KeepKey generates private key using its hardware-based random number generator, combined with randomness provided by your computer. Once your private key is generated, you are given the one-time opportunity to write down a backup of your KeepKey in the form of a twelve-word recovery sentence.

KeepKey’s large display gives clarity to every digital asset leaving the device. Each transaction must be manually approved using KeepKey’s confirmation button.

Technology features

  • Exchange between assets directly on device using ShapeShift
  • Supported by clients including Electrum, MultiBit, and Mycelium
  • Virus- and malware-proof
  • Works on PC, Mac, Linux, and Android

Security

  • Private Key. Your private key is stored directly on KeepKey and never leaves the device.
  • PIN Code. Your Personal Identification Number prevents any unauthorized user from viewing your balances or conducting transactions.
  • Recovery Sentence. The entire wallet is backed up with a 12-word recovery sentence that is generated on setup. This sentence can be used to recover your private keys in the event your KeepKey wallet is lost or stolen.
  • Passphrase: Additionally, users have the option of selecting an additional word that is attached to the recovery sentence.

What’s in the Box KeepKey Woven Nylon USB Cable Recovery Sentence Backup Card

Supporting cryptocurrencies

Bitcoin, ethereum, litecoin, dogecoin, dash, namecoin, and more coming soon

Guide and FAQ

Before you can use KeepKey to secure your bitcoins, you must initialize the device. Your device’s private keys are generated during this step. This screencast walks you through the process.

FAQ

How does a typical transaction take place using the KeepKey? Users initiate transactions in the computer client just as they did before using a KeepKey. The computer client no longer stores private keys, and is therefore not able to sign transactions. The computer client must pass transactions to the KeepKey, requesting they be signed. Once a request is received by the KeepKey, it displays the transaction details and prompts the user for manual confirmation via a button. Once approved by the user, the transaction is signed and returned to the computer client to be announced on the Bitcoin network.

Do I need special software in order to use my KeepKey? KeepKey must be used in conjunction with supported computer clients. At this time, KeepKey works with our Chrome app, as well as Electrum and MultiBit HD.

More on Usage | Security | Hardware click here.

Price and order details

keep key

Regular price $129.00

You can buy a KeepKey wallet directly from KeepKey or via one of their ‘local’ resellers:

bitcoinsafes.com Australia bitmart.co.za Africa – South Africa btcwallets.com.au Australia Coinmummy.com Southeast Asia coinwallet4you.de Germany cryptofocus.com USA cryptohardwarewalletshop.nl Netherlands cryptowalletsdepot.com USA hardware-walletshop.nl Netherlands – Belgium more.. click here.

Keepkey vs. Others

The guys at KeepKey did a great job with creating a beautifully designed, user-friendly Bitcoin hardware wallet. If you don’t mind the size of the product, this is a cool product to own.

PROS:
  • Top-notch security standards make it virtually impossible for hackers or viruses to steal your private key.
  • Offers the same security features as more established products, such as TREZOR.
  • Attractive, professionally designed OLED display makes using the device easy.
  • Provides access to the world’s leading cryptocurrencies.
  • New price offers great value.
  • Setup is fairly straightforward.

CONS:
  • A lack of web wallet means users must add software such as Electrum or MultiBit to make use of its applications.
  • Larger size makes it slightly less portable than TREZOR or Ledger.
  • Doesn’t allow users to save their progress.

Should you use a TREZOR hard wallet asap?

New to wallets? Please read this article first. Hardware wallets are probably the most robust form of security ...

0
Editor choice 2 All about Ledger Hardware Wallets

All about Ledger Hardware Wallets

What is a Ledger Hardware Wallet? New to wallets? Please read this article first. Hardware wallets ...

0
3 What is Exodus software Wallet and Exchange?

What is Exodus software Wallet and Exchange?

About Exodus.io New to wallets? Please read this article first. Exodus wraps solid engineering inside ...

0

KeepKey Sale

KeepKey-homepage-screenshot


In order to provide correct information on this cryptocurrency wallet most of the content comes directly from the particular supplier. Source:  keepkey.com


Leave a Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.