Shapeshift Transforms KeepKey Hardware Wallet into an Exchange

The hardware wallet manufacturer KeepKey (KeepKey.com) has just announced its partnership with the Shapeshift exchange. With this collaboration, KeepKey will be the first-ever hardware wallet to integrate with an exchange.

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FIrst Hardware Wallet to Adopt Shapeshift API

The new partnership with Shapeshift will allow KeepKey users to securely exchange a wide variety of digital assets from the hardware device. Cryptocurrencies can be swapped via Shapeshift, which will allow KeepKey users the ability to store digital assets such as Litecoin, and Dogecoin with more integrations coming in the future.

KeepKey is the first hardware wallet to integrate with Shapeshift marking the first time in crypto-history people can exchange various cryptocurrencies without ever exposing their private keys online. The hardware company believes this is a milestone in the blockchain industry, and the team feels it adds extraordinary value to their product line.

KeepKey CEO Darin Stanchfield said:

While digital asset security is KeepKey’s primary goal, we are making life easier for the growing number of consumers buying, selling and storing several types of cryptocurrency. They can swap whatever they like, whenever they like, without the hassle of setting up multiple wallets or addresses or signing up to various exchanges. For traders, it’s exciting to dramatically improve the speed and efficiency of the currency exchange process with the most secure hardware wallet on the market today.

Works Even on a Compromised Computer

Shapeshift has become a well known instant exchange in the crypto-environment whose API has been integrated with nearly 50 blockchain companies. Since the top twenty digital assets have been increasing in value over the past few months according to coincap.io amid increasing security concerns, both companies believe the time is ripe to make security essential for cryptocurrency owners.

KeepKey says the process for using the exchange through the device is easy. Users simply unlock the wallet normally to view their multiple accounts and can make instant transactions with just two clicks via the instrument’s buttons. It adds that all of this can be done safely even on a compromised computer as the keys touched are never seen by the computer or the internet.

“KeepKey is a one-stop-shop for both users ‘long’ in cryptocurrency and frequent traders alike,” Stanchfield continued. “It’s an impenetrable vault for digital wealth. The team at ShapeShift have built an extraordinary platform for exchanging these tokens, and we’re thrilled to present the combined effort to our customers.”

Shapeshift CEO Erik Voorhees also believes the partnership will add significant advantages to the cryptocurrency landscape for both newcomers and experienced users. He stated:

Simple and convenient security is paramount for the growth of this industry. KeepKey is wisely bringing that ethos to greater circles of digital asset users with the ShapeShift integration.

KeepKey and Shapeshift look forward to more integrations in the near future and believe the partnership will bring more liquidity and security to cryptocurrency markets in general.

What do you think about KeepKey partnering with Shapeshift to add various cryptocurrencies to the hardware wallet? Let us know in the comments below.

The KeepKey hardware wallet can also be found at Bitcoin.com’s online store for those interested in this type of wallet as well as competitors like the Trezor hardware wallet and the Ledger Wallet.

Images courtesy of KeepKey, and Shapeshift websites