KeepKey Review
The forgotten hardware wallet
KeepKey is a hardware wallet frozen in time. ShapeShift abandoned active development when they became a DAO. The big screen still works. The firmware is still open-source. But don't expect updates, bug fixes, or support. It's a clearance item being sold until inventory runs out.
Multi-Coin Warning
Every altcoin this wallet supports is code that could compromise your bitcoin keys. More tokens means more attack surface. The firmware is bloated with logic for assets that most users don't need.
Security Architecture
Standard secure element design. Essentially abandoned development.
| Secure Element | Yes |
| Connection Methods | USB |
| Display | 3.12" OLED |
| Passphrase Support | Yes |
| Multisig Support | Yes |
About ShapeShift (now DAO)
Trust Assessment
Reasons to Trust
- Large display
- Open-source
- Affordable now
- Decent build quality
Concerns
- Essentially abandoned
- No active development
- ShapeShift baggage
- Outdated firmware
- No future updates expected
Where It Shines
Large Screen
The 3.12" display is quite large for address verification.
Cheap
Can be found at clearance prices.
Open-Source
Firmware is open, at least.
Where It Falls Short
Abandoned
No active development. Security updates unlikely.
ShapeShift Baggage
Association with ShapeShift and its various pivots.
Outdated
Firmware is aging without updates.
No Future
Don't expect new features or fixes.
Security Incidents & Controversies
Every company makes mistakes. What matters is how severe they are and what they reveal about priorities. Here's ShapeShift (now DAO)'s track record:
ShapeShift became a DAO and effectively abandoned KeepKey development.
Best For
- Collectors only
- NOT recommended for actual Bitcoin storage
Frequently Asked Questions
Key Specifications
$49
1/10
Multi-Coin
Large Screen, ShapeShift, Multi-coin
3.12" OLED
USB
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The Verdict
From a hardware standpoint, the KeepKey is fine. The issue is what runs on that hardware.
It has large screen and shapeshift. Some people will like that.
Not Recommended
Multi-coin wallets aren't what I recommend for bitcoin storage. More code means more risk. At $49, you can get a Bitcoin-only device with a smaller, more auditable firmware.
Bitcoin-only, dummy.
I'm not going to help you buy a multi-coin wallet. Check out my Bitcoin-only recommendations instead.
How KeepKey Compares
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