SegWit Enabled for KeepKey

Now available for Bitcoin on the ShapeShift Platform.

SegWit support is now available for KeepKey in the ShapeShift Platform! We’ve been building a new, intuitive client to give KeepKey users an unparalleled experience, and it’s now complete with SegWit.

Last year, we started building a comprehensive web-based platform for KeepKey. While this vastly improves the hardware wallet experience and is available to KeepKey owners for free, it meant SegWit for KeepKey had to be deprioritized for a while. We think that after trying KeepKey’s new platform, you’ll understand why we poured our time and talent into this vision.

And now, SegWit is complete!

Use the code MEDIUM50 at checkout for 50% off a KeepKey.

What are the benefits of SegWit?

SegWit, short for Segregated Witness, is a protocol upgrade on Bitcoin that changes the way data is stored. P2SH SegWit is now live on the platform and we’ll continue to work on support for full SegWit Native.

SegWit provides:

Significantly lower transaction fees

Decreased risk in sending transactions

More efficient use of Bitcoin’s blockchain space

SegWit on ShapeShift

SwegWit is supported for both KeepKey and Trezor in the platform. If you used the ShapeShift Platform before SegWit was released, or if you currently use the KeepKey Chrome App, learn how to get started below.

Grab your KeepKey and login to the ShapeShift Platform.

Your KeepKey firmware needs to be v.6.2.0 or higher. If your firmware is below v.6.2.0, you can update it by clicking below.

To enable BTC SegWit, go to the “Settings” page in the Platform, click the “Forget” button, and re-pair your KeepKey to generate your new BTC SegWit address. You only need to do this once. Once completed, you can access your BTC SegWit receive address with or without your KeepKey connected. Find more information here.

Your BTC receive address will be a SegWit address only.

BTC Legacy addresses start with a 1. BTC SegWit addresses start with a 3.

Moving forward, your BTC address in the Platform will start with a 3 instead of a 1. You can still access your BTC Legacy account and address in the KeepKey Chrome App.