Crypto hardware wallet comparison Trezor Safe 3 vs KeepKey

Our impressions

Trezor Safe 3

KeepKey

Pros
  • Small form factor and very portable
  • Excellent value at an affordable price point
  • Phenomenally intuitive and efficient on-device recovery, PIN and seedphrase entry

  • Has a great community and (d)app ecosystem
Cons
  • Requires constant USB connection to operate
  • Outdated microUSB port
  • Needs constant USB connection
Verdict

Finally the first line of Trezor products incorporating a secure element has arrived. In our opinion it easily takes the lead in the current Trezor product lineup – in terms of security and portability. Even with the launch of the newer Trezor Safe 5 it’s easily our price/performance winner.

Even though the device uses only two buttons for input, like the Model One did, and does not offer a touch-screen, like the Model T and Safe 5, its on-device recovery, PIN and seedphrase entry are phenomenal. Trezor really did something truly special with the way they handle user input despite the minimalist form factor. At less than half the price of the Trezor Safe 5 it is an easy recommendation.

Read more about the new generation of Trezor Safe 3 products.

The product has a nice build quality and finish, a solid (d)app ecosystem, and a great community. The product launched in 2015 and it shows its age, compared to newer hardware wallet products. Most notably it has no secure element, a microUSB port, and limits itself to a single button for on-device input.

That being said, we would still prefer it over any software wallet, though.

Disclaimer: Our impressions are based on a compilation of factors tailored to the average user’s perspective. It is also important to note that whether a feature is a “pro” or “con” can depend on your situation and preferences. What may be an advantage in one scenario could be a challenge in another, and vice versa. Therefore, while reviewing these points, it’s essential to consider your unique requirements and circumstances when making decisions. This list aims to provide an idea of what to anticipate, but it is not the ultimate guide to determining whether something will work for you or not.

Key features

Trezor Safe 3

KeepKey

Release year

2023

2015

Supported coins

Supports multiple coins, Bitcoin-only mode available

  • BTC, ETH, LTC, XLM , DOGE, DASH, ZEC, NEM,
  • and a thousand others. See a full list at trezor.io/coins

Supports multiple coins

Supports 7.000+ assets on 340+ blockchains

Open source
  • Firmware
  • Companion software
  • Firmware
  • Companion software
Seedphrase support
  • BIP-39 (Mnemonic phrase)
  • SLIP-39 (Shamir backup)
  • Passphrase
  • BIP-39 (Mnemonic phrase)
  • Passphrase
Security protections
  • Secure element
  • On device PIN entry
  • Factory reset with wrong PIN
  • Factory reset with decoy PIN
  • On device passphrase entry
  • On device recovery

Secure Element protected Certified Chip EAL6+

  • On device PIN entry

after 3 wrong PIN entries an increasing timeout is applied for each wrong PIN (we stopped testing at 256 seconds around wrong PIN #8 or so)

Platform compatibility
  • Windows
  • macOS
  • Linux
  • Android
  • iOS
  • ChromeOS

iOS view only, ChromeOS is not officially supported, but it should work via Google chrome WebUSB protocol.

  • Windows
  • macOS
  • Linux
  • Android

on Linux make sure to add udev rules

Authentication token
  • FIDO U2F
  • FIDO2 Webauthn
  • SSH
Additional features

can be used in conjunction with the companion app to store TOTP secrets and generate codes for TOTP based 2FA

Technical specifications

Trezor Safe 3

KeepKey

Dimensions

59 mm x 32 mm x 7.4 mm
2.32 in x 1.26 in x 0.29 in

94 mm x 38.4 mm x 12.2 mm
3.7 in x 1.51 in x 0.48 in

Weight

14 g
0.49 oz

52 g
1.83 oz

Display
  • Monochrome
  • OLED

Monochrome display
128 x 64 px

  • Monochrome
  • OLED

‎256×64 pixels

Connectivity
  • USB-C
  • micro USB
Processor

180MHz embedded ARM processor (Cortex M4)

Safety & Certifications

CE and RoHS certifications
Airplane and X-ray safe

Housing

Robust plastics
Available in black and multiple colors

Black plastics and Anodized Aluminum

Where to buy

Trezor Safe 3

KeepKey