Where do you keep coins?
If you want to keep coins of different crypto currencies, you have the possibility to keep them on the exchange. However, there are some disadvantages, which can be found especially in the areas of security. On the one hand, it has often happened that the private key was unconsciously published by some companies or Exchanges. This can not only lead to an unauthorized view of personal data, but also to theft of your coins by third parties.
On the other hand, private keys are often poorly or insufficiently protected by software developers. This allows attackers to provide the private keys with other security certificates that appear trustworthy, but are used by the attackers or hackers for their own benefit. Therefore, storing the private key on an Exchange is usually not secure. Especially for larger quantities of coins, a cryptographic hardware device should be used to store the private key. The Keepkey Hardware Wallet is a way to store private keys securely and with a significantly lower risk of attacks by third parties.
What functions does the Hardware Wallet have?
The Hardware Wallet is also known as the "private bitcoin vault" and is a storage medium for storing private keys for different crypto currencies. On the top of the Hardware Wallet there is a large OLED display on which the transmission of data such as private keys can be traced precisely. Cryptos can also be changed directly on the device using Shapeshift. This means that they do not have to be transferred back to an Exchange before they can be changed.
Different crypto currencies are generally supported by the Hardware Wallet. These include Bitcoin, Ethereum, Litecoin, Namecoin, Dogecoin and Dash. However, the manufacturer has announced that it will update the device for additional crypto currencies at regular intervals. Basically, the device is designed for Windows, Linux, Mac and Android. This makes it possible, for example, to transfer private keys to the wallet via an Android smartphone. It should be noted that Google Chrome must be used to use the Hardware Wallet. The storage medium is generally connected via a USB cable. Additional batteries are not required for operation, as the device is powered via USB.
What makes the Keepkey Hardware Wallet so attractive and why should coins be stored in it?
Security is the most important aspect of a Wallet, which is why the Hardware Wallet can convince with its integrated security software. In addition, the device can only be unlocked via a PIN which must be entered via the display. The Hardware Wallet also scores with its compact dimensions of just 1.2 x 9.3 x 3.8 cm. This makes it easy to stow the device in any pocket. The diversification of the different crypto currencies for which the storage medium is suitable also clearly distinguishes the device from other wallets for private keys.
In addition, the operation is simple and simple. The navigation in the interface is easy to understand and all functions can be called up quickly. This means that the Hardware Wallet can also be easily operated by beginners in the field. Apart from the fact that the device can score with the helpful functions, there are also some other advantages. Among other things, the Hardware Wallet convinces with its robust design. This is made possible by the aluminium housing. As a result, the device is highly stable even when dropped and can only be damaged under very heavy loads. If the question "Where to store coins" is asked, every person who wants to purchase a simple wallet is best advised with the Keepkey device.