KeepKey: Shapeshift's Hardware Wallet
Introduction
KeepKey is a hardware wallet designed to securely store digital assets. The wallet is designed to generate and manage your private keys offline, providing an added layer of security against computer vulnerabilities and viruses.
ShapeShift’s Vision
ShapeShift, founded in 2014, by Eric Voorhees has dissolved its corporate structure, and strives to be a community-owned and governed crypto platform.
ShapeShift’s vision is a borderless financial system built on open, decentralized protocols.
Design and Usability
Physical
KeepKey offers a sleek and simple display. 3.5” x 1.5” x 0.5”.
It is a USB HID-class device and comes with a USB cable and a recovery sentence backup card.
User Interface
KeepKey features a large display that provides clear visibility for all transactions. Each transaction must be manually approved using a confirmation button, giving the user full control and visibility over their transactions.
Security Features
It allows you to generate and manage your private keys offline in cold storage, safeguarding them from computer vulnerabilities and viruses. During initialization, the device generates a 12-word recovery sentence that can be used to retrieve your private keys, offering peace of mind even if you lose or break your KeepKey.
Supported Cryptocurrencies
KeepKey supports a wide range of leading tokens and coins available on the market. It allows you to send, receive, and store dozens of cryptocurrencies.
FAQs
What kind of backup and recovery options does KeepKey offer?
KeepKey generates a 12-word recovery sentence during initialization that can be used to retrieve your private keys.
What security measures does KeepKey employ against unauthorized access?
KeepKey provides PIN protection against unauthorized use. It also generates and manages your private keys offline, adding an extra layer of security.
Can I perform cryptocurrency exchanges directly from my KeepKey?
Yes, KeepKey allows for quick and effortless cryptocurrency exchanges via its native Thorchain integration. You can perform these exchanges directly from your wallet.
