Ledger vs Keepkey Crypto Wallets


There are many choices out there for hardware crypto wallets. I have chosen to review 2 of the top wallets available. We'll make a complete comparison of the Ledger vs Keepkey in some of the key areas. Keep in mind hardware wallets, in general, are the safest form of protection for your cryptocurrencies out there. Both the Ledger and the Keepkey are excellent wallets that will keep your cryptocurrencies safe, but even a wallet can't protect against negligence. So, don't advertise that you own crypto and don't hold your hardware wallets in any easily accessible locations. Make sure that the pin code for each is unknown by others and don't use any hardware wallet in a public location.

I would suggest using the hardware wallets and accessing any crypto related sources such as a broker on a clean computer that you use strictly for cryptocurrency access. The wallets will be safe regardless of whether you use this secure computer or not but other sources of crypto may not be. This source includes online brokers, online wallets such as Exodus or even stores accepting bitcoin. Use a VPN when online and accessing crypto related platforms.

 

Keepkey Features

The Keepkey is one of the sharpest looking hard wallets of all. It’s broad face, and clear digital interface makes it one of my favorites. There’s no difficulty seeing what exactly transpires on the interface compared to its smaller competitors.

Ledger vs Keepkey

It’s designed similar to the other major hardware wallets; you have first to store a chrome extension on your chrome browser. This extension allows you to initialize and send transactions. You’re first promoted to set up a pin number, and then you’re given, for one time only, your recovery phrases. These phrases are essential since they allow you to reset your device or set up a new machine so to reaccess your keys.

Ledger vs Keepkey

These keys are well protected by the Keepkey device, and you can write down the phrases that help access your private keys as a backup. You should have at least two copies of this phrase and secure them in a very secure place. These phrases should be shown to no one else since they give complete access to the private keys. The private keys control everything and are what allows you to transfer your cryptocurrency to other wallets.

 

Ledger Nano S Features

The Ledger is a sleeker version of the 2 wallets. It’s about 1/5 the size of the Keepkey and looks more like a USB stick than the device for storing many of the renown cryptocurrencies. It has a smaller screen as is more difficult to view than the Keepkey. Whereas the Keepkey has one button, the ledger has two. It is still relatively easy to use, also depending on a chrome app or various other apps such as myetherwallet for access.

Like the Keepkey you can access Bitcoin, Bitcoin Cash, Ethereum and Litecoin. The Keepkey now boasts an even more extensive list of cryptocurrencies and growing. However, the Ledger Nano S’ list of cryptocurrencies that can be stored is an even more extensive list.

The Ledger Nano S is protected similarly as the Keepkey. When the Ledger is first accessed it displays the seed phrases that allow you to reset the wallet just as the Keepkey does. These seed expressions should be written down and stored as they allow a complete restoration of the wallet or permit the same wallet to open on a second Ledger. The Ledger and Keepkey are called hardware wallets but simply enable access to the wallet stored on the blockchain.

Once the seed phrases are written down in a particular order, a pin number is expected to be entered. This pin number is what you’ll use to access the wallet through the Ledger. Don’t lose the seed phrases or the pin.

If you lose the seeds, it can be game over. Your “coins” will be lost in the crypto land forever.

Ledger vs Keepkey: a Comparison

I’ve already mentioned some differences between the Keepkey and the Ledger, but I would like to summarize these in some charts. First of all the prices are close and change over time. Presently the Keepkey costs $128, and the Ledger costs $99. Again, the Keepkey stores several cryptos but the Ledger stores so many more. This selection may change with time since the two wallets are always being updated.

Here we have a comparison table that shows some of the coins offered for both. These are not extensive since the Ledger allows even greater access through the app Myetherwallet:

        Device App

             Ledger Nano

                  Keepkey

         Bitcoin

         Bitcoin Cash

         Bitcoin Gold

         Ethereum

         Ethereum Classic

         Litecoin

         Dodgecoiin

         Zcash

         XRP

         Dash

        Argon

        Augur

         Ark

         Basic Attention Token

         Bancor

         Civic

         DigixDAO

         Disrixox

         Edgeless

         Expanse

         First Blood

         Funfair

         Gnosis

         Golem

         Iconomi

         IExec

         Komodo

         Matchpool

         Melon

         Metal

         NEO

         Numeraire

         Omisego

         Ripio Credit Network

         Salt

         SingularDTV

         Status

         Stealth

         Stellar

         Storj

         SwarmCity

         TenX

         WeTrust

         Wings

         Ox

         Ubiq

         Verticoin

         Viacoin

Compatability


Again, both wallets are easy to set up. Both require a micro USB and a pin code plus a recovery set of seed phrases.


Both are secured by a minicomputer system or set of chips. 


Software Compatibility for each  wallet is slightly different:


For the Keepkey:

Myclenium, Electrum, Green Address, Green Bits, Multi bit HD, Copay,Keepkey Chrome,


For the Ledger Nano S:

same as above except for 

the Multi Bit and the Ledger Chrome instead


Ledger vs Keepkey: the Winner

The winner between Ledger vs Keepkey, in my opinion, is the Ledger. The Ledger Nano S allows even more access to different coins than what is shown in the above table, all through a seperate app known as Myetherwallet. It's cheaper, easier to store, has more software that it's compatible with, and stores more coins. The Ledger Nano S is a top favorite because it is well known in the industry followed by the Trezor.

Until Keepkey catches up to the number of coins offered it's going to fall behind those who are interested in the altcoin markets. The Alt coin markets will grow because they provide utility whereas some of the other coins like bitcoin don't. There will come a time when utility coins such as XRP will surpass Bitcoin.

Despite what some may think, institutional money will salivate at the feet of XRP and only pay homage to Bitcoin. It's better to own a wallet that accounts for this competition and allows XRP deposits and withdrawals. The Ledger allows both.

For those interested in a larger more easily viewed screen with less emphasis on alt coins, the Keepkey will be the way to go.

Conclusion

The choice of a hardware wallet is up to you, but you should be safe with either of these just reviewed. The Ledger and Keepkey are both excellently designed and account for many of the sales of hardware wallets. The Trezor ranks up there as well, but I leave that for another review.

If you have any questions please ask under comments below.

The above chart shows that the storage of many coins is available. If you're interested in buying either the Ledger Nano S or Keepkey, please try my affiliate links below:

PLEASE SHARE AND CONSIDER PURCHASING A WALLET FROM ONE OF MY AFFILIATE LINKS BELOW, THANK YOU:

Ledger Nano S - The secure hardware wallet

Ledger Nano S vs. KeepKey

Dec 13, 2017 So I received my Keepkey about a month ago and I quickly added my coins. That’s when I hit the wall that most Keepkey owners do.. The lack of coin support, but more on that later….
  • Mary says:

    Hi I found your review very interesting, I don’t deal in cryptocurrency and don’t really understand the different currency and trade. But I liked reading your review, the thought that there is something tangible securing something intangible is intriguing to me. I think this is the part of cryptocurrency I don’t understand, you don’t actually have something tangible (like cash) to hold in a leather wallet, just value.

    But back to the hardware wallets, I must agree if I were to purchase one I would also go with the nano, mainly because of the price point. The both give high security, which is what you are buying, though the nano adds additional capabilities. I thought it was interesting for them to mention that you have a security phrase with a warning, “don’t lose that phrase”. What would happen if you had thousands of dollars in value lock on the nano and you lost the phrase?

    Thanks for the great review.

    Mary

    • admin says:

      As long as you have your password, you can access the cryptocurrency through the wallet. The seed phrases are the back up in case you lose your password or your wallet. If you lose your passphrase, then you should buy another wallet and transfer your funds to that.

      The cryptocurrencies are digital assets that have value because people now feel safe in attributing value to them. This sense of trust comes from the fact that they are of limited supply, fully protected by encryption, spendable only once and in some cases provide other functions. The idea of being spendable only once is essential. In the past, we had digital assets, but there was a problem of some people trying to spend the digital currency twice within a short time. Now we have a way of overcoming this problem through a decentralized verification. Decentralized implies crypto transactions are verified by many independent parties. The crypto asset can now be trusted to retain its value; there is no possibility of multiplying its value by double spending. The encryption means the crypto can’t be hacked, the information and functionality it possesses is safe and cannot be changed.

  • Bob says:

    Very informative, as far as which one is better and the purpose of the wallets. I don’t trade in cryptocurrency, and prefer cash myself. But, I fully understand the need for security in the field of crypto… as we all need to be more aware of it in our own personal data online. Now, if I ever thought about getting into cryptocurrencies and needed a hardware wallet then I would consider this review as the authority on the two different wallets. You were very informative on either one and definitely gave your recommendation and then left the decision to me. So, whichever I was to choose, I have the option to go to either one through your affiliate link. I wish you the best.

  • Stew says:

    This is crazy.  I have read a fair bit about this stuff and have had a half a mind to start in on it, but clearly I need to learn more.  I just figured a wallet was an app or software on my computer.  I’ve been educated.

    Thanks for that post.  I have to read again to see what I’m getting into if I take the plunge

    • admin says:

      There are wallets that are software on your computer. However, I would not use these. They’re more likely to get hacked. The hard wallet costs money but is worth it since it’s a lot safer.

  • Jurgen says:

    Great comparison review! I own a ledger nano s myself and before I bought it, I did some research and yeah I also looked at the Keepkey. It does look sharp and all, but it’s more expensive and honestly I didn’t trust the company as I do with Ledger.

    I also looked at Trezor, as they are the first to bring out a hardware wallet, but the thing is I own several cryptos and I wanted a device that would take them all. So this eventually let me to the Ledger Nano S.

    I have it for half a year now and I love it!

  • Jayde Butcher says:

    ive heard quite a lot about bitcoins but wasn’t really aware of what they were until now! this article has helped me understand much more. I hadn’t heard of the others until now either. I had no idea what I was supposed to be doing but now Im clear on which to pick. 

    • admin says:

      Bitcoin is bought on an exchange that’s local to you. If you live in the States then the most well-known exchange is Coinbase. From there you can transfer it to your hard wallet within minutes.

  • Richard says:

    What an incredibly thorough review. Whilst I think I understand the basics of cryptocurrenices, this has inspired me to find out more information. Yet, I have to ask, do you see a long term future in investing in cryptocurrencies? There’s so much conflicting information out there, it’s hard to know what to believe!

    Thanks,

    Richard

    • admin says:

      Of course, you should do your own research, but it looks like cryptos are here to stay. The institutional money is still waiting on the sidelines for clarity with regulations, but once the SEC clarifies, watch out. The sky is the limit. They are predicting a multi-trillion market cap in the near future.

  • lilchefchic says:

    I was looking up info on cryptocurrency when I stumbled upon your page. I’d never even heard of a hardware wallet. I also never considered how I would actually store my currency because I’ve spent so much time trying to figure out the exact ones I should invest in.  I definitely think the nano would be more up my alley and the price is right too. Thanks for the awesome review. I’ll have to forward this info to my coworker who has already made several cryptocurrency purchases. I’m gonna head over to your other blogs and see what you recommend for first time buyers in the market.

  • NSOH ALIEH LAURINE says:

    I’ve heard so much about bitcoins, cryptocurrencies, and the others, but don’t have the slightest clue of what’s going on, which one to choose, how much to invest, etc.

    It would require some financial background, selecting the best one usually involves studying past trends to predict future ones. So I’ve always considered this game to be an intellectual one and never really given it a second thought. Judging from your review, it would be great consulting with someone like you before investing. Would you be willing to help me out when I’m ready to get into this line of business? I’ve bookmarked your page as a cryptocurrency consultant, as I’ve always wondered how to go about choosing the best offer.

    I’m glad I read this great post. I will come back to check on your answer. Thanks.

  • Kenny says:

    Wow what a detailed review if both of these hard wallets. I think they both have great features. Security has to be too and as you pointed out, they both have this. Also I would love to know which one you would be drawn to if you had to make choice? Other than their compatibility to various digital currencies, is there any key features that stand out for you? Thanks, Kenny

    • admin says:

      I am more prone to using the Ledger as it presently accepts ripple XRP. I am a believer in XRP as can be seen here : XRP Price Prediction

      The Ledger also now includes a balance of all your holdings.

      However, the Keepkey allows easy access to other great coins such as OMG and FunFair

  • Peter says:

    Hello, before finding this article, I was wondering what a crypto wallet was. Through reading your article, you really helped me out with understanding what one is! I really appreciate it! Personally, I like to prefer to my good old fashioned cold hard cash. But wow! It’s amazing to see how technology will soon replace currency and how they’re already making digital wallets? Wow! Thanks for comparing each wallet with another. Awesome content! Keep up the great work! 

    • admin says:

      Thank you. It’s really one of the safest ways to story your cryptocurrencies. I wouldn’t keep them on the exchanges once you’ve got a considerable amount. Exchanges have been hacked.

    • admin says:

      Thank you. You’ll be seeing more of this stuff in the future. It’s only going to grow, especially among the younger generations. Remember, they’re more than just currencies. The cryptocurrencies have all sorts of functions, and they are very efficient. For example, they can use the blockchain to create a giant supercomputer or remove the middleman from contract negotiations. In some cases, lawyers would no longer be needed for some transactions.

  • Marchelle Leandra Davies says:

    So I am totally new at this cryptocurrency thing and only joined as per recommendation by a friend who is into Bitcoin. It is actually news to me that with trading in cryptocurrency one also needs to invest in a hardware wallet. I am not even sure how one would use it, but thank you for recommending the Ledger. This already makes my burden lighter since I now know which hardware wallet to go for. I am also intrigued by the rest of your content so I will be using your site as a reference for future purposes. Thank you so much for your thoroughly written articles which educates people like me who are only now breaking into the cryptocurrency market.

  • Danny says:

    I had no idea that there was such a thing as “hard wallets” in the world today. Based on the article, is it just a box with a screen that allows you to transfer money? And it seems like it would be a pain to carry around, so I’m guessing people don’t go out with it, they just use it for different transfers and transactions when they are at home. Am I correct in assuming that?

    • admin says:

      They’re quite small; the ledger is only the size of a USB stick. I wouldn’t go out with it though. It’s a pain if you lose it. You’ll have to store what’s called seed phrases that will allow you to recover access to the cryptocurrencies after you purchase another ledger wallet. If you lose the seed phrases and the wallet, then the crypto is lost. Yes, functionally it is just a screen that allows the transfer and storage of cryptocurrencies.

  • Rihards says:

    For anyone looking to invest in this relatively new market of cryptocurrency it is indeed important to find a way for safe storage of bitcoin.

     This review of both devices is perfect for people that want the best in the market but get confused by the number of choices they have. One of the best things of the review is that it shows exactly what cryptocurrencies can be stored on which device, helping the selection process for some. 

    Do these hardware cryptocurrency storage devices get updated as more cryptocurrencies are made though?

    • admin says:

      Thank you. These devices get updated on a regular basis, so I’ll try to update the list, so it’s up to date. The Ledger has added more coins and now provides an overall balance of the coins. The hard wallets are one of the best ways to store your crypto. The only better way to store it is in insured cold storage which comes at a premium. I’m not sure how much better it is either.

  • The Moody Mom says:

    I really need to take a lesson to help me understand cryptocurrencies, this is all so confusing to me! For me, I would be afraid that I would misplace the smaller of the two wallets. Are these devices that you keep at home all the time?

    What would be someones starting point if they wanted to begin to learn about crypto? Do you have somewhere on your site I can reference? 

    Your review looks great though, great comparison of the two items! Thanks for sharing. 

    • admin says:

      You can keep your wallet at home, maybe in a safe, or in a safety deposit box elsewhere. It’s more convenient to keep the wallet at home if you plan to keep adding coins. I am working on some courses myself, but they won’t be ready for some time. I’ll check on some course for you and add the information here.

  • Courtney Myles says:

    This was a really great article and very informative. I get a thrill out of learning something new. I know little about this cryptocurrencies and yet I feel inspired to look deeper into what cryptocurrencies really are. What do you have to invest? I am very interested. Would there be anymore information you can provide on cryptocurrencies?

  • Debbie says:

    nice clean site. A lot of information regarding the bitcoin wallet. I like how you described how the KeepKey is much larger than the Ledger, and how you explained that the Ledger is the size of an USB, along with the chart that is a nice effect.

    I found within the compatibility area that it was hard to read with the read lettering.

    Thanks, Debbie

    • admin says:

      Thanks for the feedback. I fixed the compatibility area. Hopefully, you find it a bit clearer. The chart will be updated as the wallets add more coin. They’re both perfect for storing cryptos, and in time they begin to overlap more and more with coins that can be deposited.

  • Amjad says:

    Hello Jchiogna and thank you for the clear comparison!

    I was looking for the best (safe and easy to use) wallet in general to use for multiple cryptocurrencies at once.

    Now I know that hardware wallets are safer when it comes to hacking issues, but what happens if it gets lost or damaged? Is there a way to request another one and restore whatever currencies I have inside it? or does it mean that I lost my money?

    Looking forward for your help!
    Amjad

    • admin says:

      The wallet will generate what are called seed phrases which you must keep in a safe hidden place. These phrases can be used to access the coins on a new wallet in the case of losing the original wallet.

  • Becky says:

    Hey,

    I came across your post because I am interested in learning about cryptocurrencies. Your post is full of seemingly great information, however, it has mostly gone over my head so-to-speak because I’m not familiar with this topic.

    Do you have a post that breaks down what cryptocurrencies are are why someone should invest in them?

    Thanks!

    Becky

    • admin says:

      I’ll try to provide a post to answer your question and post it here when I’m done. The cryptocurrencies will only grow in value with time. Many institutional investing firms are preparing to enter the crypto market and are awaiting final approval from the U.S. government through regulation. This inflow of institutional money will happen, it is only a matter of time. although I can make no guarantees, I believe you are still early.

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