Billed as “A hardware wallet that’s as serious about crypto as you are”, Keepkey’s wallet is a good option for both newcomers and veterans to crypto investing. Keepkey from Shapeshift helps secure your cryptocurrencies, store your private keys, and guard your investments and assets from malicious hackers.
It stores over 40 different crypto assets. This may seem less than some of its other competitors, but it does come slightly cheaper and may be sufficient enough if you invest in the coins the wallet supports.
Keepkey wallet’s reviews are generally positive, with many citing its design and user-friendliness despite its size. Many new improvements have been made since its acquisition with Shapeshift, and many users are now getting around to using the cold wallet.
Keepkey from Shapeshift generates your private keys in an offline, cold storage environment, ensuring that it’s well-guarded against online vulnerabilities and viruses, while still allowing you to conduct a safe transaction using its own wallet software.
Thanks to its large display, you can clearly see every digital asset you send and receive on your device. Transactions must be manually approved via the confirmation button, giving you more control over your activities on the wallet.
The device will generate you a 12-word recovery sentence during initialization which you can use to retrieve and access your private keys. This phrase will help keep your funds secure even if the actual hardware wallet is lost or broken.
Thanks to its Shapeshift integration, you can quickly exchange cryptocurrencies directly from your Keepkey wallet.
Shapeshift is Keepkey’s primary interface for you to buy, sell, send, receive, trade, and track cryptocurrencies. Together, you can start your own crypto-investing with a secure, hardware wallet, and a beautiful interface on the Shapeshift platform in just a few easy steps to get started:
Use Chrome of Brave browser and enter the platform via beta.ShapeShift.com
Pairing your Keepkey wallet makes it compatible with the platform. Simply select “Connect your wallet” and choose Keepkey, while ensuring that the Keepkey is plugged in and that the Keepkey Updater App is closed. Click “Pair Keepkey” to begin and highlight the wallet you wish to connect and simply click “Connect”.
Depending on how the pairing goes, you may have to update your Keepkey wallet. Simply click on the “Download Updater App” in order to get started.
Click “Initialize Keepkey” to simply begin. Follow the steps in setting up your device in the writeup in the next section.
You can start with the setup over on the website www.keepkey.com/get-started. You then choose a name for the hardware wallet, which will help in distinguishing multiple Keepkeys from each other. Don’t worry, you can always change this later. Simply click on “Set Label” in order to save the name. After that, you need to set a PIN for security. You then create the backup which appears in the form of 12 words, or your recovery seed, which will be used as the backup key to all your cryptocurrencies.
You can use KeepKey for almost all operating systems. You can also use it on your Android provided you use an OTG cable. Compatible operating systems are as follows:
In order to restore your backup, the device needs to be on factory settings beforehand. You then start the software via the recovery process in the wallet itself. As with the initial setup, you choose a name and a PIN before entering the backup. Afterwards, Keepkey has prepared a special security process for it. The hardware wallet will then display a cipher that randomly assigns each letter to another. The assigned one is entered via keyboard, protecting it from keyloggers.
While the software usually requires 12 words, it’s also possible to import a backup with 18 or 24 words. Simply continue the input and confirm it at the end.
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