The KeepKey wallet is one that is favoured by many cryptocurrency enthusiasts, and so much so that has become one of the most sought out hardware wallet devices available in the cryptocurrency marketplace. KeepKey is steered by Erik Voorhees who is the CEO and is one of the most recognizable bitcoin advocates and entrepreneurs, who fully comprehends the importance and validity of bitcoin and why it is one of the most important inventions so far. Erik has made several appearances of different shows such as Bloomberg, Fox Business, CNBC and BBC Radio, he has made the argument that there is no such thing as a free when the institution of money itself is centrally planned and controlled.
The price of a KeepKey hardware wallet is priced at $129.00 on amazon. Some might think that it is a steep price but it is one of the most trusted and robust hardware wallets on the market. Not only is it one of more expensive wallets available but it is what is inside that contributes the overall running of the wallet, as well as the design too. A word of warning for those looking to purchase a hardware wallet, only purchase them from the company website or from the seller account on Amazon. Do not purchase a hardware off eBay!
One of the first things you will notice when you receive your KeepKey wallet is its unique packaging, which features something called a KeepKey seal and this is to show that no one has tampered with the wallet before you. Because the security is vitally important when it comes to cryptocurrency wallets, users need to be sure that no one has been able to tamper with the device and install malicious software on there.
Its sleek design is what makes it stand out from other cryptocurrency wallets, with a simple screen and one button is all you need to navigate your way round this device. It also comes with a usb connection so you can connect the wallet to your computer.
Like many other hardware wallets, KeepKey also has a number of Google Chrome extensions that can be downloaded to a users browsers to help facilitate some transactions, or just to help connect the user to the device. The extensions are used to generate a wallet and one for connecting to KeepKey through Chrome itself.
A secure storage facility is paramount with hardware wallets and KeepKey can successfully store your private keys in the device, and is protected by a PIN, which renders it useless even if it falls into the wrong hands.
During the initialisation phase of the wallet, the device will generate a private key using its hardware-based random number generator, combined with randomness provided by your computer. This adds another layer of security.
Its seed is generated using entropy from both the device and the computer during the setup. It is generated offline on the device and is displayed on the screen, and this ensures that the seed is never displayed on an internet-connected device.
The KeepKey devices use a very limited protocol to communicate with computers that is it connected to, and a users private keys are never exposed in this protocol. The micro-controller within the device is set to the highest level of read protection, which is enabled during the manufacturing phase. This prevents access to the flash memory, which is where the private keys are stored with externally attached debug tools.
Keepkey supports a number of different mainstream cryptocurrencies and altcoins to make it one of the most sought out hardware wallets. The list of coins that KeepKey supports include: Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Dash, Dogecoin and multiple ERC-20 tokens, such as: Aragon, Augur, Basic Attention Token, Civic, District0x, FunFair, Golem, Gnosis, OmiseGo, SALT, Bancor, ICONOMI, Melon, SwarmCity, Wings, iExec, Status, Numeraire, Metal, TenX, Qtum, 0x, FirstBlood, Ripio Credit Network, SingularDTV, DigixDAO, WeTrust, Matchpool, Edgeless and Storj.
So we have a very popular and sought out hardware wallet that is amongst the top 5 wallets currently in the crypto-related space, but is it enough to warrant someone buying it. Yes and no, you see it does exactly what it says on the tin, which is it harbours a host of different cryptocurrencies and keeps them safe and secure but that isn’t the reason for someone not to purchase. The reasons are quite trivial but to some it might make all the difference.
Because KeepKey is a hardware wallet, the point of it is, is that you can carry it round with you wherever you go and use it to send cryptocurrencies on the move. However it’s unique design might be sit well with people who want to carry it around with them in their pocket. It’s bulky demeanour is one that might put people off, because it is relatively larger than many other hardware wallets, and in that sense that might be the only thing that would cause someone not to purchase it. Furthermore, it does not have a battery so it can only work when it is connected to a desktop or laptop computer unlike some other wallets.
However, on the flip side we have an incredible device that has a design that makes it easy for people use, as well as see what is happening on the screen and the single button it has means that even the least techno-savvy person would be able to use it. The user-friendly nature of the KeepKey wallet is what has made it so popular amongst the crypto-community, and if you don’t have any problems with the size and bulk then this hardware wallet is one for you. Until, a better and more advanced wallet gets released, the KeepKey device is still going to be one of the favourite for die hard crypto fans.