Welcome to my article about the Keepkey Hardware Wallet vs Trezor One.
If you’ve become more interested in investing and buying cryptocurrencies, then it might be time to start researching the different types of cryptocurrency wallets.
These include offline wallets, web-based wallets, and hardware wallets.
Hardware wallets are more secure than most other types of digital wallets since they have no connection to the networks that bitcoin transactions take place.
In this article we are going to discuss the differences in the Keepkey Hardware Wallet versus the Trezor One Wallet.
What advantages and disadvantages does each one have, and which is the better choice for you?
With that said, let’s dig in and get started.
The Keepkey Hardware Wallet
Keepkey is a bitcoin hardware wallet from the Swiss crypto exchange ShapeShift.
It’s currently being sold on the Shapeshift website and also found on major third-party retailers like BestBuy, Amazon, and many others. It’s even listed as an option in the BitPay Bitcoin Payment processing service.
Other companies use it to process payments as well such as Modum and Coinfloor among others.
The features that make this product stand out from other hardware wallets is the simplicity of its design and functions.
Similar to the Trezor One Wallet, Keepkey is designed to protect your bitcoins from being stolen by anyone who knows your passphrase or seed phrase.
Advantages Of Using The Keepkey Wallet
The biggest advantage of using the Keepkey wallet is that you don’t need to connect your computer or laptop to use it.
This hardware wallet supports multiple currencies and in the future is expected to support additional digital assets.
Keepkey has a very good reputation when it comes to security which makes it an excellent choice for holding a high volume of digital assets.
Keepkey is easy to use, very simple, and there’s no chance of mistaking the buttons.
The buttons are labeled with words like “send”, “receive”, and “backup” which make them easy to know what they do without having any previous experience with a hardware wallet or being tech-savvy.
The cost for the Keepkey Hardware Wallet is $6 cheaper than the Trezor wallet.
Another great article: The 6 Best Multi Cryptocurrency Wallets You Can Use
Disadvantages Of Using The Keepkey Wallet
The only real disadvantage of using the Keepkey wallet is that it’s designed as a more advanced device, which means that it’s not as user-friendly and not as easy to use as some other hardware wallets. (recent updates has made it more user friendly)
However, just like the Trezor One Wallet, Keepkey has an excellent reputation when it comes to security, so you shouldn’t have to worry about your coins being stolen by anyone who knows the passphrase.
Additionally, when compared to the Trezor Wallet, Keepkey offers fewer cryptocurrency options (9 supported main cryptocurrency coins like Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dogecoin, Dash, and 46 ERC-20 tokens), and it is a bigger device in the hand.
The Trezor Hardware Wallet
The Trezor One Hardware wallet was developed by Pavol Rusnák, the Co-Founder, CTO, core developer, and cryptographer of SatoshiLabs and is manufactured by SatoshiLabs.
It’s also available from many retailers including Amazon, BestBuy, Walmart, and many others.
It was originally designed as a way for people to store their bitcoins even more securely than with a normal digital wallet that connected to the World Wide Web.
The Trezor is a USB device that looks similar to the Keepkey hardware wallet but has a lot more features than Keepkey does.
With Trezor, you can use your bitcoins in two ways: on your computer or while using it with another device like an iPad or smartphone.
Advantages Of Using The Trezor Wallet
The Trezor wallet supports multiple currencies and will be expanding its capabilities in the future.
The reason why Pavol Rusnák designed the Trezor with this feature was to make sure no user would ever have to worry about their coins being lost or stolen.
Unlike Keepkey, which allows you to use your bitcoins on a different device like an iPad or smartphone, however, you’ll have to send your bitcoins from another wallet or your computer to the Trezor device first before you can start using them on that device.
The same goes for the Keepkey Wallet, so that is not a difference.
Another option that provides a high level of security is that this hardware wallet has no connection with any networks.
Additionally, Trezor supports over 1,000 cryptocurrency coins when compared to Keepkey.
Disadvantages Of Using The Trezor Wallet
There are not many disadvantages of using this hardware wallet.
The only disadvantages that Trezor really has are the smaller screen size and the lack of some features that other modern hard wallets offer like the Ledger Nanos.
While Keepkey is known for being easy to use, the Trezor Wallet is a bit more difficult to set up, but I am nitpicking because the process is not that hard.
There are a lot of instructions that need to be followed when setting up your Trezor hardware wallet as there are a few steps involved in getting started.
You will need to install some supporting software on your computer and connect it with your hardware device which might take some time.
The cost for the Trezor One when compared to the Keepkey is $6 less.
Another great article: The Top 10 Biggest Bitcoin Transactions In History
Why Choose A Cryptocurrency Hardware Wallet?
The truth is there are a lot of reasons why you should choose a hardware wallet to store your bitcoins.
Some of the key reasons to use a hardware wallet are:
- To increase the level of security when using your bitcoins.
- To be able to transfer or spend your bitcoins in person, not just online or online with an exchange.
- Some people prefer using hardware wallets compared to what they would use if given the option between pure software wallets and pure digital wallets.
- Many people do not want access to their private keys at all and want them stored on some other device that is hard-linked by some sort of physical objects like an actual USB drive or something.
- The fact that these hardware wallets are hard-linked to what they are using to store the bitcoins makes them a lot more secure than purely software wallets.
Are Cryptocurrency Wallets Beginner Friendly?
In fact, cryptocurrency wallets such as the Keepkey and Trezor Hardware Wallets are so easy to use and secure that they can be used by anyone regardless of their previous level of knowledge regarding cryptocurrencies.
If you are a beginner looking to get into the cryptocurrency world, a hardware wallet is definitely for you.
I would say that anyone that can send and receive email should be able to use the Trezor or Keepkey wallets without having an issue.
The reason why I say this is that they are very easy to set up, and they start working right out of the box, so setting it up will not take very long at all if you already have it plugged in.
What’s Better, The Keepkey Hardware Wallet Or The Trezor One Hardware Wallet?
I think it’s a toss-up between the two. Both of them are certainly good hardware wallets and I like both of them, but in my opinion, they are not as good as the Ledger Nano S in overall features and usability.
That said, they are still very secure if you keep your private keys safe.
The main differences between the 2 wallets are:
- Trezor One offers a ton more options for cryptocurrency coins.
- The Keepkey is a bit bigger in the hand
- The Keepkey is $6 cheaper at the time of writing this guide.
So, you see there is not a lot of difference between these 2 hardware wallets.
However, if you want more options to swap your coins if you want to ride an uptrend in a certain coin, then I would choose the Trezor One wallet.
If you are looking to HODL Bitcoin or Ethereum, then choose the Keepkey wallet.
Another great article: 10 Best Fiat To Crypto Exchanges In 2021: Pros and Cons
Conclusion: Keepkey Hardware Wallet vs Trezor One: Which Is Better?
I have explained all the differences between these 2 wallets in this guide.
If you like to HODL then Keepkey is a better option, however, if you are a crypto trader, I suggest you choose Trezor One.
If price is a major concern (if not go for the best one – i.e., Ledger Nano S), then I would suggest you choose the cheaper one – that is Keepkey.
However, if there are more factors that play an important role to determine which hardware wallet should be your choice, then I don’t recommend you to factor in price alone and make an informed decision after considering other important factors such as security (which should be your number 1 priority).
With that said, I hope you enjoyed my article about Keepkey vs Trezor One, which is better?
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