KeepKey
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If you’re looking for a safe place to store your cryptocurrencies, it does not get much safer than cold wallets such as KeepKey. As one of the better-known hardware wallets, KeepKey is highly popular among crypto enthusiasts as well as the crypto betting and gambling community.
It offers a plethora of functionalities, support of over 7,000 crypto assets, and meets the highest security standards, making KeepKey a cold cryptocurrency wallet which should be on the radar of anyone.
How to Set Up a KeepKey Wallet
To set up a KeepKey wallet, you will need access to a computer, a downloaded KeepKey app (on Linux, MacOS, or Windows), a KeepKey hardware wallet, a USB cable, and a recovery sentence card, which will be included in the package with the KeepKey hardware wallet.
The whole process begins with ordering the KeepKey hardware wallet on the official website, and once it arrives, there are just a few steps to follow.
- Visit the official KeepKey website
- Download and install KeepKey client app
- Plug in your device
- Follow the wallet setup tutorial and pick the preferred settings and language
- Update your hardware wallet
- Select and confirm your PIN
- Write down the recovery phrase (12 words)
- Hold the button to confirm
By following these steps, your KeepKey crypto wallet will be set up and ready to use to store, receive, or send cryptocurrency – either to other people or to deposit it into your crypto betting account.
Using a KeepKey Wallet for Crypto Betting
KeepKey wallet can be used to crypto betting, as it is possible to send and receive cryptocurrencies from and into the wallet. To do so, KeepKey owners will have to use ShapeShift – the main interface for KeepKey, which allows you to manage, send, receive, and trade your assets.
As there are no limitations on where or to who you can send your cryptocurrency from the KeepKey wallet, nor are there any restrictions on who can send you assets, using KeepKey for crypto betting is as easy as knowing how to send your crypto. And that is a straightforward process thanks to the ShapeShift app.
- Open ShapeShift dApp
- At the top of the page, pick “send”
- Select the asset you want to send to your crypto-betting account
- Login to your crypto bookmaker
- Select “deposit”, pick the asset and copy the address
- Return to ShapeShift and pick the right cryptocurrency
- Fill in the details, including the amount and address
- Review the information and confirm the transaction
- Input your PIN and click “Submit”
To withdraw money from crypto bookmakers, you will follow similar steps.
- In ShapeShift app, click on “Receive”
- Pick the cryptocurrency you want to deposit
- Copy the address
- Login to the crypto bookmaker and select “Withdraw”
- Provide the address you copied from ShapeShift
- Confirm the transaction
Buy & Sell Crypto at KeepKey Wallet
While it is not possible to buy and sell crypto with KeepKey, as it is a cold wallet, ShapeShift dApp comes with those functionalities, ensuring an easy and quick way for KeepKey users to convert their crypto to fiat currency and vice versa.
On ShapeShift, you can buy a wide range of cryptocurrencies with a debit card.
- Open ShapeShift app
- Click on “Buy Crypto”
- Select the cryptocurrency you want to buy
- Provide the payment details
- Confirm the transaction
Likewise, the ShapeShift exchange allows users to sell their crypto and convert it into fiat currency.
FAQ
Can you use KeepKey Wallet for betting?
KeepKey is a safe cold cryptocurrency wallet, which can be used for crypto betting. While KeepKey only holds your cryptocurrencies, it allows for quick and easy transfers from and to online bookmakers, making it an excellent crypto wallet for online punters.
Can you buy and sell crypto at KeepKey Wallet?
KeepKey wallet itself does not include any features which would allow users to sell and buy crypto; however, with its integration with ShapeShift, users can easily manage, sell, and buy cryptocurrency though the ShapeShift app.
Is KeepKey Wallet safe?
KeepKey wallet is rated as one of the safest cold cryptocurrency wallets available, offering high-security standards. It is a reliable choice for anyone who wants to keep their crypto assets secure in a hardware wallet.
