shirasu893
New member
I realize that KeepKey is not remotely as feature-rich as some of the more advanced hardware wallets such as Trezor and Ledger. But one feature that interests me is that, as I understand it, KeepKey’s built-in swap system uses only decentralized/non-custodial swap protocols rather than centralized exchanges that may impose KYC requirements.
That seems like a significant advantage when doing something like BTC ==> ETH, SOL, USDT, or USDC. With some wallet swap services, your crypto can apparently be sent to a centralized third-party provider before that provider decides whether it wants additional KYC or proof of source of funds. At that point, if you don’t want to provide the requested information, you may be stuck waiting for the provider to return your funds, or, depending on the provider and circumstances, may never get them back.
With KeepKey, it appears that this particular risk is avoided because the swaps are routed only through decentralized protocols. From what I’ve learned, many other hardware wallets, and most software wallets, don’t seem to offer this same decentralized-only approach to swaps.
And, to anticipate a question, I already have BTC associated with my KeepKey wallet from purchases made before the whole KYC aspect of crypto became such a hassle. Thus, I don’t need to start from Coinbase or any other KYC exchange to first obtain coin. So what I’m particularly interested in is the practical experience of converting some of that BTC into things like SOL, ETH, USDT, or USDC without involving a centralized exchange.
For anyone who has actually used KeepKey for swaps: Is it really as simple and straightforward as it appears? Have you done BTC ? ETH, BTC ? SOL, or BTC ? USDT/USDC cross-chain swaps? How were the fees, execution time, and overall experience? Any problems or surprises?
That seems like a significant advantage when doing something like BTC ==> ETH, SOL, USDT, or USDC. With some wallet swap services, your crypto can apparently be sent to a centralized third-party provider before that provider decides whether it wants additional KYC or proof of source of funds. At that point, if you don’t want to provide the requested information, you may be stuck waiting for the provider to return your funds, or, depending on the provider and circumstances, may never get them back.
With KeepKey, it appears that this particular risk is avoided because the swaps are routed only through decentralized protocols. From what I’ve learned, many other hardware wallets, and most software wallets, don’t seem to offer this same decentralized-only approach to swaps.
And, to anticipate a question, I already have BTC associated with my KeepKey wallet from purchases made before the whole KYC aspect of crypto became such a hassle. Thus, I don’t need to start from Coinbase or any other KYC exchange to first obtain coin. So what I’m particularly interested in is the practical experience of converting some of that BTC into things like SOL, ETH, USDT, or USDC without involving a centralized exchange.
For anyone who has actually used KeepKey for swaps: Is it really as simple and straightforward as it appears? Have you done BTC ? ETH, BTC ? SOL, or BTC ? USDT/USDC cross-chain swaps? How were the fees, execution time, and overall experience? Any problems or surprises?