Shapeshift, which was established back in the year 2014 by Erik Voorhees in Switzerland offers its very popular product which is KeepKey. On the other hand, ShapeShift also allows its users to trade Fox tokes for free of cost along with offering them 2 different platforms such as the Beta version as well as Classic version, providing it with other helpful tools as well.
Talking about KeepKey Hardware Wallet is basically an offline wallet that is going to help individuals or its users for protecting their cryptocurrencies from any fraudsters or hackers.
Page Contents
How to Start or Set up KeepKey Wallet?
In order to set up or get started with KeepKey, the users must have to fulfill some requirements which are as follows:
- You will need a personal computer
- The latest version of Chrome Browser on your computer
- KeepKey hardware wallet is a must
- You will require a USB cable
- KeepKey Client App will also be required which you can get through the Google Chrome app store
- A recovery sentence card will also be needed which is already included in the package
As soon as you have accessed all these requirements, all you have to do is to follow the below-listed steps.
- Step 1: In the beginning, you have to download the KeepKey Client App
- Step 2: Once you have downloaded and installed KeepKey Client App, open it and click on the “Initialize KeepKey” option.
- Step 3: Now, you will have to add your device name or label.
- Step 4: In the following step, you will have to select and then confirm your PIN. Your PIN should be of up to nine digits and must be at least of six digits.
- Step 5: After this, you will be asked to write down your recovery phrase which should include a total of 12 words. It is also very necessary for you to write down all your recovery phrase words correctly. Once you are done with it, hold the button in order to confirm it.
- Step 6: As soon as you have confirmed it, you will be directed to your dashboard in the next step.
KeepKey Hardware Wallet: How to Send Your Assets?
Once you decide to send your assets, you have to ensure that you acquire the required amount and if you have that then follow the guidelines that we have provided below:
- Step 1: At first, visit the ShapeShift official page, and on top of that you are going to find an option that says “Send”. Now click on it.
- Step 2: After that, you will have to select an asset you needed to send. For this, you can find the required asset with the help of the search tool or else by simply check the available list by scrolling down.
- Step 3: Once you find it, click on that asset to select it that you wanted to send. After that, you have to click on the option that says “Next”.
- Step 4: Key in all the required information which also consists of the recipient address along with the amount that you wanted to send and at last click on “Continue” for further proceeding the process.
- Step 5: Confirm the information and amount after re-checking the details once again and then click on “Send”.
- Step 6: In the last step, you have to enter your PIN and then click on the “Submit” option.
- That’s it! By following such simple steps without putting any much effort, you can send cryptocurrencies with the help of KeepKey very easily.
KeepKey Hardware Wallet: How to Receive Assets?
In order to receive the assets through KeepKey, all you have to do is to follow the steps that we have provided in this post.
- Step 1: In the first step of this process, the user must go to the official page of ShapeShift and at the top, you will find an option that says “Receive”, simply click on that.
- Step 2: Just like the sending process we have explained above, you have to select the asset and then click on “Next”.
- Step 3: After that, you will be required to confirm the address that you will see on your device screen on your KeepKey matches.
- Step 4: Now simply copy the complete address and after that, you will be required to send it to the sender who is sending you the assets.
And that’s all it takes to receive assets via KeepKey as you can see the process is very simple and easy to perform and it will not take much of your time without you facing any trouble.
KeepKey Hardware Wallet Review
Nowadays, cryptocurrencies have become a popular trend and the future of digital currencies across the world. However, in order to keep such digital currencies, the individual must have a hardware wallet that keeps their owned cryptocurrencies safe and secure on their platform. On the other hand, you may find several hardware wallets available in the market but you can trust only a few of those. Out of these best available options, KeepKey is a well-known and secure hardware wallet.
Why Choose KeepKey Hardware Wallet?
Easy-to-Use & Sleek Design
KeepKey offers its users quite a bigger screen than other hardware wallets with dimensions of 38.0 mm (H), 93.5 mm (W), and 12.2 mm (Depth). It is also very easy to use and is not like other wallets that use a complicated process in order to use it.
Ensure Best Security
Security is the most crucial factor when it comes to hardware wallets as they let you store huge amounts of cryptocurrencies. Meanwhile, KeepKey is one of the best hardware wallets that secure your assets from hackers or from any malware on your computer. Even if you store a huge amount of cryptocurrencies in this wallet, KeepKey will not let you lose them at any cost.
Reasonable Price
KeepKey wallet’s initial price was quite expensive i.e. around $200, but now it comes with a price tag of only $49, which is quite more reasonable than another cryptocurrency wallet.
What are the Drawbacks of KeepKey?
Supports Limited Cryptocurrencies
There are many hardware wallets that support many popular cryptocurrencies, however, it becomes hard to find such wallets that can support less popular digital currencies. When it comes to KeepKey, it only supports a total of 40 cryptocurrencies, mainly the popular ones such as Bitcoin, Bitcoin Cash, Ethereum, Dogecoin, and Litecoin, among more. Compared to other hardware wallets such as Ledger wallets that support over a thousand cryptocurrencies, these numbers supported by KeepKey are very small.
Not Lightweight
KeepKey is a little heavy having 54g of weight, which is quite bigger than other hardware wallet available in the market. Though its huge screen improves the usability of this cryptocurrency wallet it is still quite heavy which makes it pretty uncomfortable to carry around.
Conclusion
Overall, KeepKey is one of the best hardware wallets for securing your assets. Here, all your assets or cryptocurrencies will be safe and secure from hackers and you don’t even have to pay any big amount to purchase this hardware wallet. As your private keys are stored offline in the KeepKey wallet, your cryptocurrencies are protected against any hacking or malware on your computer.
However, it is most preferable to those users who invest in popular cryptocurrencies like Bitcoin, Ethereum, etc. and it doesn’t support many less popular coins. Also, if you are not bothered by its heavy weight then you can also consider it for storing your digital coins.
