KeepKey

The Keepkey hardware cryptocurrency wallet appeared relatively late in comparison with its main competitors – in the fall of 2015. The purse developer is American company KeepKey, LLC from Kirkland, Washington. To achieve success in an already busy market, a new wallet needs to provide the best product quality and user experience.

Keepkey software

The wallet software is designed to work with the Chrome browser through an installable extension (again, like Trezor), more precisely, even two. On the enclosed instructions they are located on two different sites, so it’s better to use the manufacturer’s website (or distributor, they are almost mirrored) https://www.keepkey.io/support/get-started/ – there are links to both applications in the Google app store .

The first Chrome extension, KeepKey Wallet, is a “lightweight” cryptocurrency wallet that allows you to send and receive bitcoins using a hardware wallet as a repository of private and public keys. With a hardware wallet, you can sign transactions on any device without fear of being stolen by viruses. The second – KeepKey Proxy – is designed to work with wallets from the browser. At the moment, only Chrome is supported.

KeepKey can be used with applications from the manufacturer in the Chrome browser, as well as compatible light Electrum and Multibit wallets based on BIP32 (hierarchically deterministic wallets, or HD wallets). Of course, with the help of a secret phrase, you can generate keys on any other device – this can become relevant if your wallet is lost or stolen. In this case, you can restore your wallet using any software that supports the BIP 44 standard.

First start

Now is the time to get started with Keepkey. Turning the wallet into the USB connector of a computer or laptop, we will see that the glowing KeepKey logo appears on the screen, which after a while begins to slowly move horizontally from left to right. The screen takes up almost the entire length of the device.

Getting started installing extensions in Chrome. Immediately after installing KeepKey Wallet by clicking on the application icon in the upper right corner of the browser window, it is suggested to install KeepKey Proxy. Since both of them are necessary for work without third-party wallets, it would be possible to combine the installation into one package.

By installing applications in the list of standard Chrome applications, we will see KeepKey Proxy. It remains only to click on it to finally revive the wallet.

 

When I first connected, I was immediately asked to update the firmware (firmware) of the wallet. To do this, you must turn off the wallet, and while holding the button, connect again. After that, you will be prompted to run an update that passes within a minute.

By the way, with a complete USB cable in the update mode, the device was not recognized in Windows – perhaps because of its length. With a shorter cable from the phone, everything went without incident.

Wallet initialization

After successful firmware (version 2.1), it became possible to initiate the initialization of the wallet. Immediately, you need to be warned that during initialization you cannot switch to other applications, click in the “wrong” screen locations, etc. – otherwise, you will have to start all over again. In general, the initialization process can be an interesting quest if it is your first “iron” wallet. But it also in many ways resembles Tresor connection

First, you have to enter the purse label (it is necessary only for convenience of its recognition), and also come up with a 5-digit PIN code and enter it twice in the web interface, the arrangement of the numeric keys is highlighted on the wallet screen and each time it changes to increase security. After entering the PIN code, the wallet will display 12 English words – this is the code phrase that is familiar to all users of light and mobile HD-wallets. These 12 words, without disturbing the sequence, must be written off on the attached card or other carrier. It is assumed that you will not keep them in digital form. Paper in the digital age can be the most reliable repository – hackers will not get to it.

After writing the secret phrase, do not forget to hold the wallet button until the process of creating an account and private keys starts. If you switch from a browser to a messenger or another application, for example, the window will disappear and the whole process will have to be repeated. The application reads data from the wallet at every action, and until the wallet is initialized, nothing is stored on it.
Keep Key
Wallet

Сonclusions

The KeepKey wallet is a lot like Trezor, which is especially noticeable in the initialization process. Therefore, it will be very easy for the owners of Tresors to master Keepkey. There is nothing strange in this, since both purses are based on the same standards – BIP32 and BIP44. Firmware for KeepKey is freely available, and anyone can check and even modify it. The price of the devices is also the same at the moment, which means that buyers can make a choice in terms of quality, not price.

What undoubtedly is worth putting in plus Keepkey is a stylish design and a big screen, on which you can display much more information, thanks to which the user has to scroll less with the button on the wallet. The wallet is fairly easy to use, and can work with an unlimited number of cryptocurrency accounts in several currencies.

Among the shortcomings, it should be noted that there is no cross-browser compatibility and a complicated initialization process, which can take a long time for an unprepared user. “Unrecognizability” of a wallet with a complete USB cable with firmware may be a problem of a specific instance, but developers should pay attention to it.