[Wallets](https://revain.org/wallets/) › KeepKey

# KeepKey: keys, security, fees and reviews

Hardware wallet

## Key facts

- **Wallet type**: Hardware wallet
- **Who holds the keys**: the user (self-custody)
- **Developer**: KEY HODLERS LLC
- **Platforms**: hardware device, desktop, browser extension, iOS
- **Open source**: yes
- **Official site**: [keepkey.com](https://keepkey.com/)

Checked on 2026-10-27 against the official site, docs and app-store pages.

## What is KeepKey

KeepKey is an open-source hardware wallet with an OLED screen, made since 2014, that stores private keys offline on a dedicated device. It was acquired by ShapeShift in 2017 and is now run independently of ShapeShift by a small team of contributors. It is used with the free KeepKey Desktop app for macOS, Windows and Linux, a Chrome extension and an iOS app.

## Who holds the keys

| Parameter | Details |
|---|---|
| Key control | Self-custodial: keys are generated on the device and never leave it; transactions are confirmed on the device screen. |
| Seed phrase | 12- or 24-word BIP39 recovery phrase, entered through a scrambled on-screen cipher; an optional BIP39 passphrase is supported. |
| Recovery | Funds can be restored on a new KeepKey or any BIP39-compatible wallet; without the recovery phrase the wallet cannot be recovered. |
| Account model | No account, email or KYC is required. |

## Features and supported networks

| Parameter | Details |
|---|---|
| Supported networks | Natively signs 11 chains, including Bitcoin, Ethereum, Solana, XRP, Cosmos, THORChain, Maya, TON, TRON and Litecoin, plus any EVM chain and ERC-20 token. |
| Swaps | Cross-chain swaps in KeepKey Desktop routed through THORChain, Mayachain, Relay, 0x, ChainFlip and ShapeShift, confirmed on the device. |
| Platforms | KeepKey Desktop for macOS, Windows and Linux; iOS app; Chrome extension for web3 apps. |
| Display | 256×64 OLED display; STM32F405 microcontroller; aluminium enclosure. |
| Secure element | No proprietary secure element, by design; built from standard off-the-shelf parts. |
| Multisig | Supported, for example with Electrum. |
| Connectivity | USB. |

## Security and audits

- Firmware is open source (LGPL-3.0); hardware schematics, PCB layouts and the bill of materials are published on GitHub.
- Firmware builds can be reproduced from source and compared by hash.
- Randomised PIN grid; wrong PINs add delays rather than wiping the device.
- Vulnerability reports go to security@keepkey.com, with a published PGP key.

## Fees

| Parameter | Details |
|---|---|
| Device price | US$59.95 on the official store. |
| Wallet | KeepKey Desktop companion app is free; firmware updates are free. |

## History

| Date | Event |
|---|---|
| 2014 | KeepKey founded by Darin Stanchfield and Ken Hodler after the Mt. Gox breach. |
| 2017 | Acquired by ShapeShift, adding on-device asset swaps. |
| 2021 | ShapeShift became a DAO; former ShapeShift engineers Matt Highlander and Nick Marrow took over KeepKey. |
| 2022 | Firmware-integrated cross-chain swaps shipped after THORChain mainnet launch. |
| 2025 | New KeepKey Desktop app and browser extension launched. |
| 16 October 2026 | Firmware 7.14.2 released, with a Bitcoin-only build 7.14.3. |

## Risks and caveats

- Losing the recovery phrase means the wallet cannot be recovered.
- The device has no secure element; the vendor relies on open, auditable hardware instead and recommends a BIP39 passphrase against physical attacks.
- The older ShapeShift-era desktop app is retired; KeepKey Desktop should be downloaded only from keepkey.com/desktop.

## About the developer

- **Legal entity**: Key Hodlers, LLC operates KeepKey.com; terms are governed by Delaware law.
- **Founded**: 2014
- **Founders**: Darin Stanchfield and Ken Hodler.
- **Parent company**: Independent; ShapeShift acquired KeepKey in 2017, and KeepKey has been independent of ShapeShift for several years.

## Official links

- Website: [www.keepkey.com](https://www.keepkey.com/)
- Docs: [www.keepkey.com/faq](https://www.keepkey.com/faq)
- Security: [www.keepkey.com/security](https://www.keepkey.com/security)
- Source code: [github.com/keepkey](https://github.com/keepkey)
- Support: [www.keepkey.com/is-keepkey-still-supported](https://www.keepkey.com/is-keepkey-still-supported)

## Questions and answers

**Is KeepKey self-custodial?**

Yes. Keys are generated on the device and never leave it, and no account or KYC is needed.

**Is KeepKey open source?**

Yes. The firmware is LGPL-3.0, and hardware schematics and PCB layouts are published on GitHub.

**Which coins does KeepKey support?**

It natively signs 11 chains, including Bitcoin, Ethereum, Solana, XRP, TON and TRON, plus any EVM chain and ERC-20 token.

**Is KeepKey still supported?**

Yes. Firmware 7.14.2 was released on 16 October 2026, and the device is still sold.

**Who makes KeepKey?**

Key Hodlers, LLC operates KeepKey; it was founded in 2014, acquired by ShapeShift in 2017 and is now independent of ShapeShift.

## Sources

- [keepkey.com](https://keepkey.com/)
- [apps.apple.com](https://apps.apple.com/us/app/keepkey-mobile/id6755204956)
- [KeepKey — Home](https://www.keepkey.com/)
- [KeepKey — About](https://www.keepkey.com/about)
- [KeepKey — Product](https://www.keepkey.com/product)
- [KeepKey — FAQ](https://www.keepkey.com/faq)
- [KeepKey — Supported assets](https://www.keepkey.com/coin-support)
- [KeepKey — Is KeepKey still supported?](https://www.keepkey.com/is-keepkey-still-supported)
- [KeepKey — Security](https://www.keepkey.com/security)
- [KeepKey — Terms of use](https://www.keepkey.com/terms-of-use)
- [KeepKey — GitHub repositories](https://api.github.com/orgs/keepkey/repos?per_page=100)

## More in this section

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- [Daedalus](https://revain.org/wallets/daedalus/)
- [Litecoin Core](https://revain.org/wallets/litecoin-core-client/)
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- [Electron Cash](https://revain.org/wallets/electron-cash-wallet/)
- [Cake Wallet](https://revain.org/wallets/cake-wallet/)
- [All Wallets →](https://revain.org/wallets/)

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Page updated: 2026-10-29

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Source: https://revain.org/wallets/keepkey-wallet/