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KeepKey Review: Is KeepKey An Underrated Wallet in the Market Today?

Marius Bogdan Dinu • Mar 20, 2020

If you are familiar with cryptocurrency hardware wallets , you have probably come across the KeepKey hardware wallet . KeepKey alongside TREZOR and Ledger make up the top 3 hardware wallets used to store private keys from the usual wallets or exchanges, thus preventing a remote attack intended to gain access to your digital coins. 

KeepKey Overview

KeepKey’s wallet, developed by the KeepKey company, was launched in 2015. KeepKey company has its headquarters in the US and was acquired by Shapeshift in August 2017. KeepKey employs advanced technology to offer the user the most secure platform to store their cryptocurrencies. 

Additionally, KeepKey being an HD wallet allows users to generate and store an unspecified number of private keys used to access their cryptocurrencies. This is achieved by the integration with the wallet software in the computer, thus taking over private key generation, transaction signing, and private key storage. Apart from Bitcoin , KeepKey can be used to store other cryptocurrencies, including Litecoin , Ethereum , Dogecoin, Dash , and Namecoin.  

Specifications

Materials

  • Anodized Aluminum Case 
  • Polycarbonate Front 

Technical Specs

USB HID 

  • micro USB connector
  • ARM® Cortex™-M3
  • TRNG (Hardware Random Number Generator)
  • 256×64 3.12″ OLED
  • Trezor Protocol Compatible
  • CPU: ARM Cortex-M3 processor. 

Dimensions 

  • Height: 38.0 mm
  • Width: 93.5 mm
  • Depth: 12.2 mm

Box Comes With: 

  • Woven Nylon USB Cable 
  • Recovery Sentence Backup Card 
  • Genuine Leather Backup Card Sleeve
  • Quick Start Guide 

Compatible With: 

  • Operating systems: PC, Mac, Linux, and Android. 
  • Software wallets: Functions with Electrum, MultiBit, and Mycelium. 

Hardware Design  

KeepKey is quite large, measuring 38 x 93.5 x12.2mm. The rectangular hardware design also boasts of a glass touchscreen single button for simplicity. It may be of concern that the wallet has a unique key, that is, most of the operations are performed via its app. The app mainly turns the device on/off and also acts as a confirmation button. 

Compared to other hardware wallets , KeepKey’s display is the largest measuring a 256×64mm 3.12″ OLED screen. A polycarbonate screen casing protects the screen but does not confer sufficient protection against scratch. 

The large screen is quite advantageous to crypto enthusiasts to display cryptocurrency addresses as well as the recovery phase. Users don’t have to stress with scrolling back and forth to locate addresses. They can connect the KeepKey to a PC or laptop for charging or file transfer using a USB-A. 

Security Features

In upholding the security of cryptocurrencies, KeepKey features a PIN code backed with 18 to 24-word recovery seeds. This feature also applies to other hardware wallets, most notably Ledger  and Trezor . Also, KeepKey employs number randomization, which prevents hackers from stealing users’ cryptocurrency using malware. Each time a user logs into their wallet, the PINs are randomized.

Nonetheless, the wallet seems not to have sufficient security features to grant uncompromised protection. Below are some of the security features: 

  • Private Key: Users’ private key is directly stored on KeepKey and cannot be retrieved from the device 
  • PIN Code: A four-digit PIN Code prevents unauthorized persons from gaining access into the wallet to view balances or conduct transactions. 
  • Recovery Sentence: The PIN code, as well as the entire wallet, is backed by a 12-word recovery sentence which is generated during the set-up. The recovery sentence can be used to recover private keys in case the device is lost, damaged or stolen 
  • Passphrase: In addition to the PIN code, users can beef up security by selecting an additional word linked to the recovery sentence. Users should steer away from using this feature unless they fully understand its functionality.  

KeepKey Supported Coins

KeepKey supports over 40 different cryptocurrencies, including: 

  • Bitcoin 
  • Bitcoin Cash 
  • Bitcoin Gold 
  • DASH
  • Dogecoin
  • Ethereum
  • Litecoin

KeepKey Set-up

Setting up KeepKey is quite simple, even for beginners. The set-up process is also similar to other hardware wallets but much more straightforward, making KeepKey ideal for beginners. The set-up process requires the use of the Google Chrome browser. Below the set-up process

  • Download a Google Chrome client fromGoogle Chrome browser and interface with your device. 
  • Open the Chrome App and press the center button to initialize the KeepKey 
  • Next, select a label for your device. This step is crucial if you intend to have more than one KeepKey device. 
  • The next step is to come up with a 1-9-digit PIN for your KeepKey device. Then you will be required to confirm the numbers appear on the screen as you set up the PIN. 
  • The last and most important step is setting up your seed phrase. After setting up the seed, it will appear on the device, and you will be prompted to write it down on the supplied card. 

KeepKey ShapeShift Integration and its Advantage

KeepKey is the first cryptocurrency hardware wallet to integrate with ShapeShift to offer several advantages to the users. ShapeShift is an online blockchain exchange service , and its integration with KeepKey allows users to instantly exchange digital currencies, including Bitcoin, Litecoin, and Dogecoin, from their hardware device without having to share or expose their private keys online. 

ShapeShift API integrates with over 50 blockchain companies; therefore, users are sure of easy accessibility regardless of the coins they might be using. KeepKey users can access ShapeShift from the hardware device by first unlocking the wallet to view the multiple accounts. A click can then make transactions on the platform of the button. Below are some of the advantages of ShapeShift integration.

  • ShapeShift Trading- KeepKey users can seamlessly buy, sell, or trade crypto assets directly from their hardware devices. There is no need to trust a third party as trading is non-custodial. This is quite an advantage to traders as no other cryptocurrency exchange offers such a feature. 
  • Hardware Security-As a result of this integration, users enjoy offline security while still trading on an exchange environment. This means that users have full control of their private keys and even have access to an intuitive web interface. 
  • Real-Time Market Data- KeepKey users receive real-time market data straight to their hardware devices. Therefore, don’t have to access information from a 3rd-party site, which can expose them to a security vulnerability. 
  • Account Information-Users can access their dashboard balances from anywhere and anytime. They just must ensure that their hardware wallet is connected to ShapeShift to sign off transactions. 

KeepKey vs Ledger vs TREZOR  

When comparing KeepKey against its main competitor, wallets, which are TREZOR and Ledger, the wallet seems not to match much of its competitors in terms of functionality and additional security features. TREZOR is much smaller compared to Ledger and KeepKey. Users can reduce the Ledger Nano S in size by folding. KeepKey, on the other hand, is quite large and bulky, therefore not perfect for a minimalistic individual. TREZOR AND Ledger Nano S are much alike and are far much in competition compared to KeepKey. Nonetheless, they are quite pricey. 

Bottomline 

All in all, KeepKey is an excellent cryptocurrency hardware wallet thanks to its ease of use, beautiful design, and functional security. Cryptocurrency beginners would surely love this wallet as it’s easy to set-up and also to use. The integration to ShapeShift is a plus allowing users to trade cryptocurrency directly from the device without necessarily sharing their private keys. The company is yet to release another model of the wallet, which should offer even more functionalities.   

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. None of the content on Crypto Folds is investment advice nor is it a replacement for advice from a certified financial planner. Please do your own research before purchasing or investing into any cryptocurrency.  

Leetah Launches Presale Phase for LEET Tokens Eyeing $5 Million Soft Cap

By Press Release • 09 May, 2024
The Leetah project has officially launched its presale phase for the platform's native token, LEET. The project takes inspiration from the term "Leet" ("elite") and the features of a cheetah in a fun crypto twist. With a 5-phased roadmap, this new meme coin has a serious design that wants to bring value to its community. The ongoing presale phase aims to raise a soft cap of $5 million, a new important milestone for the project.  Leetah's Presale and Engagement Opportunities The project's presale will start at an initial price of $0.0065 for each LEET token. The team plans to leave the presale open until investors buy all allocated tokens. Specifically, with a total supply of 1,337 billion tokens, the presale will allocate 35% of this amount. Another 25% will let the team develop the project through its roadmap. LEET will go live through a decentralized exchange (DEX), for which the team allocated 30% of the token supply. The remaining 20% will cover marketing expenses (10%), airdrops (5%), and affiliates benefits (5%). The project will also feature a "Refer and Earn" program. The initiative will allow participants to earn additional LEET tokens by referring friends and family to the presale. With a 10% reward on their referrals' purchases in USDT, this program incentivizes active promotion and engagement within the community. Multi-Chain Launch Plans Leetah aims to launch on multiple blockchain platforms, including Ethereum, BNB Chain, and Solana. This approach will not only promote accessibility for investors but also set the foundation for potential expansion in the future. The project has already gained traction within select alpha communities with its unique presale strategy and innovative features. Specifically, this project's plans feature five different phases: Phase 1 (or "LeeTah is born") involves launching social channels and the website, followed by the presale phase. Phase 2 ("LeeTah grows") focuses on community building and marketing initiatives while passing a contract audit for security purposes. Phase 3 ("LeeTah roars") will see an increase in marketing efforts and community contests. At this stage, the team also expects to conclude the presale phase. Phase 4 ("LeeTah sprints") will mark the launch of Leetah's NFT collection and its listing on CoinGecko and CoinMarketCap. Finally, Phase 5 ("LeeTah Feeds") will involve the project's listing on major centralized exchanges and the launch of LEET TOOLS. About Leetah Leetah is a project driven by experienced developers to implement and test cutting-edge technologies in blockchain and digital token offerings. The project aims to be a leading name in Web3, pushing boundaries for investors and cryptocurrency enthusiasts worldwide. The ongoing presale phase for its native token, LEET, aims to raise a soft cap of $5 million. Leetah plans to launch on multiple blockchain platforms and has an ambitious roadmap featuring 5 phases of development. With its unique concept and strong team, Leetah wants to leave its mark in the Web3 sector. Anyone curious about Leetah and the LEET token can visit the project's website . The social media pages below frequently share news on Leetah's developments. X (Twitter) | Telegram

NOWPayments Enables Cryptocurrency Purchases of Tangem Wallets: Expanding Payment Options with BTC, ETH, USDC, and More

By Press Release • 09 May, 2024
NOWPayments, a leading crypto payment gateway , is proud to announce a strategic partnership with Tangem, the world’s leading provider of secure and easy-to-use hardware crypto wallets. This collaboration is set to revolutionize the way customers engage with digital currencies by enabling the purchase of Tangem wallets using a broad spectrum of cryptocurrencies. Responding to substantial customer demand within the Tangem community, this partnership facilitates the ability to purchase hardware wallets directly with cryptocurrency, providing a much-needed solution for enhanced transaction convenience and security. Through this initiative, customers have the opportunity to acquire Tangem wallets using a diverse range of digital currencies, including BTC, ETH, USDT, USDC, XRP, APE, SOL, TRX, MATIC, ADA, ALGO, LTC, DOGE, BCH, SHIB, DAI, and KAS. This not only meets consumer expectations for seamless transactions but also boosts the utility and adoption of these cryptocurrencies in everyday purchases.  Furthermore, this partnership significantly benefits our blockchain partners by increasing the transactional use and visibility of their tokens, thereby strengthening their position in the global crypto market. Tangem AG is a Swiss technology company known for its remarkably simple and secure self-custodial hardware wallet. The Tangem Wallet, the size of a standard bank card, enables users to securely store, buy, swap,, transfer, and manage thousands of cryptocurrencies anywhere and anytime, while being the only owner of your private keys. Tangem is redefining the wallet experience by delivering top-level security, simplicity and accessibility. “Our partnership with NOWPayments marks a significant milestone for Tangem, as we continue to evolve and adapt to the changing landscape of digital payments. Being able to accept payments in crypto not only expands our reach but also aligns perfectly with our mission to simplify and promote the use of cryptocurrency in everyday transactions. It underscores our commitment to innovation and customer-centric solutions, enabling us to better serve our community and partners while driving forward the broader adoption of digital assets”. NOWPayments and Tangem are committed to continuously developing and refining the infrastructure that supports digital currency transactions. This collaborative effort is a testament to our shared dedication to promoting a more inclusive and efficient financial ecosystem. About Tangem Tangem is a leading Swiss-based provider of secure hardware wallet solutions designed for the safekeeping and management of digital assets. Its mission is to empower individuals to take control of their digital wealth, with an emphasis on security, ease of use, and flexibility. Tangem's innovative products have garnered significant interest from investors and customers alike, driving the company's continued growth and success. For more information, visit the website . Follow Tangem’s latest news on X (Twitter) , Telegram , Discord , YouTube , Instagram , and LinkedIn . About NOWPayments NOWPayments is the leading cryptocurrency payment gateway offering support for over 300 digital currencies, enabling businesses and individuals to accept crypto payments with ease. The platform stands out in the market with its low transaction fee of only 0.5%, the lowest fee on the market. Clients can directly withdraw euros to their bank accounts, enhancing the convenience and usability of the service. Each account benefits from personalized attention through a dedicated account manager and round-the-clock support, ensuring a smooth and responsive user experience. With NOWPayments, embracing the power of cryptocurrencies has never been easier or more accessible. For more information, visit the website . Follow Tangem’s latest news on X (Twitter) .

Galaxis Unleashed: The Highly Anticipated Token Launch on Bybit

By Press Release • 09 May, 2024
On the 10th of May 2024 at 10AM UTC, Galaxis, a Swiss-based Web3 platform, is set to announce its initial token launch, which will be accessible through the Bybit exchange platform. Galaxis is a platform designed to empower creators and brands to build and manage their communities, ensuring that once a community is established, it remains under the sole ownership of its creator and members. Along the journey, partnerships with high-profile individuals like DJ Steve Aoki, actor Val Kilmer, and NBA personality LaMelo Ball have been established. Over the past few years, more than 225,000 NFTs have been sold, generating over 32,000 ETH ($100 million) in secondary sales of NFTs. Now, the focus is on mass distribution. CEO and co-founder Andras Kristof, who also installed the first Bitcoin ATMs in Singapore, shares some exciting news: "The next step includes supercharging the ecosystem with our $1M dollar Creator Grants programs, the CoinMarketCap Incubation, and many other exciting opportunities where both creators and members get paid. All this is happening on the Galaxis Platform, which is launching soon.” Galaxis, as a post-hype NFT utility platform, believes that this new technology will transcend the hype and bring real value to all industries beyond Web3. 

MAOCAT Successfully Raises Presale Funds, Bringing Back the Memecoin Hype

By Press Release • 09 May, 2024
The team working at MAOCAT has recently acknowledged the great success of the project's presale fundraising round. With this operation, they have managed to raise a significant amount and attract the attention of investors and meme fans. The project's diverse ecosystem, featuring staking, farming, launchpad, and NFT marketplace functionalities, is proving appealing. With many memecoins failing to gain traction in the presale stage , MAOCAT is already standing out in this sector. A Rare Successful Presale Story Crypto enthusiasts know that presales are a crucial phase for any project, where success is elusive. While many projects have not even managed to survive the presale phase, MAOCAT has already managed to raise over $300,000. This means that the team has already allocated more than half of the available tokens for the presale. The presale token quantity stands at 3,000,000,000 tokens, while the total supply is 5,000,000,000 MAOCAT tokens. This means the team reserved 60% of the total supply (3,000,000,000 tokens) for the presale allocation. The remaining 40% will help fund future initiatives and ecosystem development for MAOCAT.  The presale will follow a gradual increase in token price, from $0.0015 per token in Phase 1 to $0.003 per token in later phases, with a selling quantity of 300,000,000 tokens per phase. The project also has a clear taxation structure: Marketing Tax: 3% Liquidity Pool (LP) Tax: 3% Development Tax: 2% Buy and Sell Taxes: 0% This taxation structure aims to ensure the project's long-term sustainability and growth. MAOCAT has already shown itself as a rare success story in presales, as its numbers are showing. Building a Diversified Ecosystem with MAOCAT The project's ecosystem relies on various innovative features to provide a diverse and profitable experience. MAO CAT offers NFT minting, farming, launchpad, and a marketplace for trading and collecting. These features allow users to participate in the fast-growing NFT market and earn from their investments. Additionally, the project's fixed staking feature provides stability and rewards for holders of $MAO. Future updates will also include the ability to launch tokens through the IDO process and acquire MAO CAT NFTs. With a diverse ecosystem, MAOCAT aims to capture various market segments and continue growing in popularity and value. The rarity tiers of the 10,000 MAO CAT NFT collection offer unique benefits for holders. Moreover, the project plans to fairly mint and reveal these NFTs through different methods. With MAOCAT, users can benefit from owning rare and legendary NFTs while supporting the growth of the underlying project. About MAOCAT Derived from the Chinese word "máo," MAOCAT is an Ethereum-based memecoin that has gained popularity worldwide. Thanks to its unique features and capabilities, MAOCAT aims to create a robust blockchain ecosystem with a strong community. This team's idea is to enter a market where dog-themed memecoins are prevailing and bring something fresh to the table. An early adopter of the project can easily participate in the presale on the Ethereum chain. In order to do so, one only needs to connect a wallet to the presale purchase window and send ETH. With over $300,000 already raised in the presale round, MAOCAT has shown how serious it is about its vision. The project's official website and whitepaper represent an easy-to-read, simple suite of information for any crypto enthusiasts. Furthermore, MAOCAT's social pages constantly update the community on new developments and milestones. X (Twitter) | Telegram | Instagram | YouTube
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