ledger vs keepkey

KeepKey vs Ledger Nano X (2020) | Which One Is Better? (It’s Not What You Think)

KeepKey vs Ledger Nano X! In this comparison, we are going to do a head-to-head of two of the most competitive and popular new cryptocurrency hardware wallets in this edition of battle of the crypto hardware wallets.

The KeepKey is one of my favorite wallets on the market today and it’s one I use almost every single day due to its revamped user experience and the ability to conduct trades while keeping your private keys in your possession the entire time.

With that said, the Ledger Nano X has really stepped up it’s quality and user-experience as well from the best-selling Ledger Nano S. The two notable features that have been upgraded is the wireless bluetooth support for management on the go with the new Ledger Live mobile app, and also the capacity has been increased to allow up to 100 assets you can hold on the device at once. This by itself, is a massive upgrade from its predecessor.

Which one will win out? Which hardware wallet is better? Stay tuned for the whole article to see who wins in the battle of KeepKey vs Ledger Nano X!

 

Ledger Nano X: Overview

 

The Nano X comes beautifully packaged with the device itself, a USB-C cable, a set of instructions and recovery seed cards. The previous bulky buttons that were on top of the device are now seamlessly integrated on it in a way that’s even a bit hard to notice. All in all a beautiful design. The primary features of this device are the bluetooth connection which allows you to manage this device using your smartphone via the iOS and Android app.

Additionally, you can now hodl, store, or manage up to 100 cryptos simultaneously, all without access to your desktop or laptop computer. This is easily it’s best new features, but aside from the upgraded storage capacity and the wireless connectivity, the device itself is now larger, has an integrated 2-function button, and an overall larger screen for verifying transactions. With a trusted device and a more universal charging cable, this makes it much more compelling to spend the extra money to store more coins and one that you can easily take with you as you travel.

 

 

Ledger Nano X: Security

 

 

Ledger is at the forefront of developing the industry’s device security. How? And in what ways?

CC EAL5+ SECURE ELEMENT

 Only Ledger’s devices can claim the French cybersecurity agency ANSSI’s full certification.

The Nano X and Nano S both feature what is called a ‘secure element’. The chip seen below is the next generation chip that comes in the Nano X:

The secure chip meets the CC EAL5+ certification and run’s Ledger’s proprietary BOLOS operating system. 

According to Ledger:

A Secure Element is a secure chip that…embeds intrinsic countermeasures against many known attacks. This kind of chip is tamper-resistant and protects your device to a range of different attacks.”

 

Ledger Nano X: User Experience

 

Honestly, the user experience is a massive upgrade from the Ledger Nano X. With that said, It has a few usability issues that I find to be quite difficult to overcome. Although this device is physically larger than it’s predecessor, it still has a fairly difficult to use early experience.

For example, the screen is still fairly small and still cannot accommodate a QR code for scanning. This may not seem like a big deal, but after using several hardware wallets, it really does make a big difference. Using a QR code is not only safer (because it removes the chance of error from manually typing in a wallet address), but it is incredibly faster and makes the entire of transacting offline, a much easier experience.

Although this device has stepped up the quality considerably from it’s latest iteration, I still feel that utilizing an all new form factor could have been beneficial and a little more innovative than replicating their 1st generation device with a few small tweaks.

 

 

Ledger Nano X: Coin Support

 

 

The Ledger Nano X utilizes the “Ledger Live” dashboard which is a desktop application that allows you to manage all of your coins, portfolio, and potential trades in an easy to use application. You can use this on both an iOS or Android app as well as a desktop.

This app allows you to manage up to 1,100+ coins that are supported by the device. However, only about 200 of them are “native” apps. This means that you can manage them directly within the Ledger Live app, without having to connect to a 3rd party wallet, such as MyEtherWallet or MyCrypto. I will leave a link HERE with a list of fully supported coins.

 

 

KeepKey Hardware Wallet: Overview

 

 

KeepKey has been one of my absolute favorite hardware wallets to use in 2019. I was asked to test and report back issues with the ShapeShift beta that was a complete overhaul and utilized the KeepKey as it’s cornerstone of promoting keeping possession of your private keys under your control while you conduct trades, which has never been done before.

It was an ambitious goal, but they pulled it off in spades, and as a result it resulted in one of the best user experiences while using a hardware wallet I’ve ever encountered. It was quick, safe, and makes it easier than ever to manage your assets, portfolio, and trades all while keeping all your keys on a hardware wallet and never forfeiting custody. This is truly a game-changer and will pave the way for future hardware wallets moving into the next decade.

Let’s find out why below!

 

 

KeepKey: Security

 

KeepKey has a true random number generator (TRNG) for it’s PIN interface for extra physical security. In addition to offline storage, KeepKey’s PIN code and number randomization makes sure that

1) Your wallet is secure from physical theft.

2) That a hacker couldn’t steal bitcoins from your wallet with malware.

KeepKey is an HD wallet, meaning your entire wallet can be backed up with the 12 words generated on setup. 12 words is the default setting, although KeepKey supports seed lengths of 18 and 24.

The seed is generated using entropy from both the device itself and the computer used for setup. The seed is generated offline on the KeepKey and displayed on the device’s screen. The device’s offline screen makes sure the seed is never displayed on an internet-connected device.

 

KeepKey: User Experience

 

 

This is a complete overhaul that includes all of their services including: Instant Trades, Real-Time Market Data via CoinCap, In-App Crypto Purchases, and KeepKey Integration. That last part is of particular interest to me because I’ve wanted to find a way to execute purchases and trades while having my KeepKey connected, while ensuring that my private keys are protected throughout the entire process.

This is a very important detail, especially if you want to make purchases online with that extra protection and also ensure that my private keys are never compromised in a trade. This truly is the ultimate non-custodial hardware wallet solution. Here’s a few screenshots and user flows based on my experience using this web app.

 

 

KeepKey: Coin Support

 

Natively, this wallet in the current beta form supports over 40 assets with more on the way! Here is a current list of assets that are supported right now.  Now let’s get into the nitty-gritty. For years, KeepKey only supported: Bitcoin, Litecoin, Ethereum, Namecoin, Dogecoin, and Dash. For a hardware wallet that needs to compete in this market place, that needed a serious upgrade.

Luckily, they have been making some AMAZING changes and not only added a ton of ERC-20 Support, but more importantly, they are revamping their entire platform to have one fluid, seamless application that integrates all of their core services (See my previous post for details on this). This is extremely powerful, and a decision that I believe will catapult them ahead of the competition. They are currently in a closed beta, and it is expected that they will be releasing this later in 2019. Stay tuned for news on this.

Some of the notable coins that have been added are:

-Chainlink (LINK)

-DigixDAO (DGD)

-Binance Coin (BNB)

-Dai (DAI)

-Maker (MKR)

-TrueUSD (TUSD)

 

 

KeepKey vs Ledger Nano X Conclusion: Which One Is Better?

 

Honestly, this was a tough decision on which hardware wallet is “better”. They both have their strengths and weaknesses, however, at the end of the day, I personally choose the KeepKey. Why? Well, the overall portfolio management and ability to conduct trades while maintaining possession of your private keys is unmatched.

With that said, I really do like the wireless support and the fact that I can hold up to 100 assets simultaneously on the Ledger Nano X. For users with a larger portfolio and want the ability to manage their assets offline, you can’t go wrong. But, if you are someone who likes to trade frequently and want a clean and trusted user experience when connected to a desktop computer, you really can’t beat the KeepKey. 

 

 

 

What do you think? Would you choose the KeepKey over the Ledger Nano X? Let us know down below in the comments!

 

Cheers,

 

The Crypto Renegade

KeepKey Vs. Trezor Vs. Ledger: Which One Should I Buy? (2020)

In this review, I will go over all 3 primary hardware wallets and see the show down of KeepKey Vs. Trezor Vs. Ledger. People always ask me when they realize they need to start taking their private key security seriously is “Which hardware wallet should I buy?“ This questions has been presented to me hundreds, if not thousands of time, and there is no one real “clear” answer.

It ultimately depends on which coins you want to store and how you want to access them. Do you plan on trading your coins often? Are you simply just trying to “buy and hold” for several months and several years, like a set and forget situation? Are you planning on using the wallet to “bake” or use to contribute to the blockchain on proof-of-stake (POS) networks?

While these are all valid questions, I personally have all 3 wallets and use them regularly. Why? Well, aside from being in the industry, and needing to stay up to date on these devices and their features and capabilities, the main reason is to diversify. What do I mean by this?

Well, if you have (or plan to have) significant holdings, it is smart not to have all of your coins or private keys on one wallet, just in case. Now I’ve created a free e-book that explains how to avoid this which you can get for free HERE, but ultimately if you are in the market for a wallet for the first time, I will tell you the wallet I like to use the best right now in May of 2019.

 

KeepKey VS. Trezor VS. Ledger

 

Stay tuned below for the final result, but I go over some pros and cons of each device below. They all are very secure and safe to use, but it really just comes down to preference and really how often you decide to interact with the device. Let’s get right to it!

 

#1 TREZOR

There are two versions of Trezor: Trezor One and Trezor Model T. The former is the entry level device that came out 2013 and has since received regular firmware upgrades enhancing it’s security and adding new software support for native and 3rd party applications for new coins. In 2018, they released their 2nd-gen product called the “Model T“.

The latter is a larger device with touch screen and is operated by a “Beta” wallet that supports over 1,000 coins between it’s native applications and 3rd party integration. Most recently, they added NATIVE support (which is a huge upgrade in my opinion) for Ethereum (ETH) and Ethereum Classic (ETC). This means it is connected to its unique application that was custom designed by Trezor to manage your ETH accounts directly in the app. Previously, any ETH or ERC-20 based token required to use a 3rd party wallet, which was annoying and cumbersome.

I understand there is a lot of development work that goes into creating and managing any native app, but Ledger and Trezor already had native support for this, (as they should) considering it’s been in the top 3 coins by market cap consistently for years.

Trezor Model T however, is a massive upgrade and adds not only native support for multiple coins, but has added security in the form of a PIN entered in on the touch screen of the device instead of the web app used on the web application. This upgraded device was used for several new features including a password manager and multiple additional security options and ease of use for recovery options on the device itself. Very powerful.  Below is the overall feeling I have about the device(s) and the overall team behind them. 3 best cryptocurrency cold storage solutions

Bottomline: They have upgraded some basic functionality, which is good, and to their credit they have added support for some coins that really need it, such as Monero and Tether. This is of course when their team collaborates and helps build a supported wallet to tie into their code base. They have been building a foundation for the future and that is going to work in their favor as soon as each coin’s respective development team decides to catch up.

 

Newest Notable Coins Added:

-Binance Coin (BNB)    

-Monero (XMR)

-Cardano (ADA)

-Ravencoin (RVN)

-Tether (USDT) *Stable coin*

 

 

#2 KEEPKEY

keepkey

Keepkey has always been a favorite of mine, as it’s a solid design and very sleek and stable frame that just feels good when you hold it in your hands. Now let’s get into the nitty-gritty. For years, Keepkey only supported: Bitcoin, Litecoin, Ethereum, Namecoin, Dogecoin, and Dash.

For a hardware wallet that needs to compete in this market place, that needed a serious upgrade. Luckily, they have been making some AMAZING changes and not only added a ton of ERC-20 Support, but more importantly, they are revamping their entire platform to have one fluid, seamless application that integrates all of their core services (See my previous post for details on this).

This is extremely powerful, and a decision that I believe will catapult them ahead of the competition. They are currently in a closed beta, and it is expected that they will be releasing this later in 2019. Stay tuned for news on this.

Bottomline: Keep an eye out for the newest upgrades and the new platform that is coming soon. I hope to gain access to the private beta soon, and if given access, I will ask permission to write a review for your guys. *UPDATE* I have gained access to the beta and have tested it thoroughly, please see below.

 

Newest Notable Coins Added:

-Basic Attention Token (BAT)

-DigixDAO (DGD)

-Augur (REP)

-Polymath (POLY)

-TrueUSD (TUSD) *Stable coin*

 

#3 LEDGER

Ledger is considered “The most recommended hardware wallet” on the market. The simple reason for this is because it’s cheap (low barrier to entry) and they have been working on upgrading their infrastructure and recently released Ledger Live, which is their new desktop (and iOS) application for managing all of your coins. This is much better than their previous solution of using a chrome extension to access the UI, but Ledger Live is not without it’s quirks.

Overall, the UI is pretty clean and is pretty straight forward in terms of first time setup and detects your device when it’s plugged into the USB port and asks you to authenticate to view the app. The one thing most people don’t understand is the Ledger Nano S has very little RAM, so even though they advertise that it supports over 1,100 coins, you can only have approximately 3 or 4 coin apps installed at once on your device.

You will want to make sure you choose your coins wisely and perhaps get multiple devices if you want to diversify and/or use a 3rd party wallet as mentioned above to manage more coins on the same device.

This however, does not apply to the new Ledger Nano X. In addition to the new design and being able to manage this wirelessly via bluetooth, you can manage your coins anywhere on an iPhone or Android effortlessly. You also can support up to 10x the amount of apps or “coins” to be supported on the same device at once. This is huge if you want to diversify and be able to hold more than 3 or 4 at a time. The device is approximately $119 right now and it should be available to the public within the next 7 days. Very exciting.

Bottomline: It’s not perfect, but it has made some good improvements over the last year and is continually updating it’s coin support. I will list below some of the coins that are supported on Ledger currently that are not yet available on other platforms, which brings it’s edge.

I will say the best advantage (for me, anyways) that Ledger has going for itself right now is the fact you can “bake” Tezos on your hardware wallet directly, and no other hardware wallet on the market currently supports that. As a firm believer in that project and the fact I can participate in the network, while keeping my private keys offline is a HUGE plus.

 

Newest Notable Coins Added:

-Ripple (XRP)

-EOS (EOS)    

-Tezos (XTZ)

-QTUM (QTUM)

-USD Coin (USDC) *Stable coin*

 

KEEPKEY VS. TREZOR VS. LEDGER CONCLUSION: WHICH ONE SHOULD YOU BUY?

 

As I mentioned above, there is no definitive “correct” answer, as each person’s needs may differ. Now that I have that disclaimer out of the way, I will provide my personal recommendation if you are a first time hardware wallet buyer and you only need one to start out with. I will say this was NOT an easy decision, but here is what I would recommend to my mother or personal friend who is looking to secure their cryptocurrency in an easy to use way. I would recommend getting a KEEPKEY. KeepKey Vs. Trezor Vs. Ledger

Why is this my answer? Well, as I updated above, I was invited to participate in their private beta (In depth review on that coming shortly) and I was blown away. ShapeShift (the company that bought KeepKey) has revamped their entire interface. This is extremely noteworthy because before, you had to download multiple applications, and chrome extensions to manage your private keys and it was not the best user experience. This has all changed.

Their new platform that will be coming out very soon and is by far the easiest to use and best hardware wallet experience I have seen yet. Not only can you easily trade coins while keeping your private keys on the device the entire time, managing your portfolio has never been easier. At the time of this writing, it is only $79, and while it is not the cheapest device, it is certainly the highest quality, and best user experience I have seen yet on their new platform.

As far I know, they have plenty of new coins and features in the pipeline, and it is so easy to use, even my grandma could use it and wouldn’t have to explain much. It really is the first plug and play hardware wallet experience I have used (and I’ve used them all). Again, it’s hard to give visualization of my experience, but with my upcoming review, you will see some screenshots and see what I’m talking about.

Overall, it has proven to be the easiest way (so far) to manage my funds safely, and the ONLY way to trade assets without handing my private keys over to an exchange or any other type of wallet or custodian. I highly recommend this hardware wallet if you are making your first purchase and trust me, you won’t regret it.

 

CLICK HERE TO BUY THE KEEPKEY HARDWARE WALLET DIRECTLY FROM THEIR WEBSITE!

 

What do you think? Would you have chosen something different? Please let me know below in the comments!

 

Cheers,

 

The Crypto Renegade

 

NOTE: This post may contain affiliate links. This adds no cost to you but it helps me focus on giving as much value as possible in every single post by being compensated for recommending products that help people succeed.

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