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Head-to-head · Hardware Wallets

Keycard vs Keycard Shell Keycard Shell leads by 2 points.

Keycard Shell scores 2 points above Keycard, led by rebuildable firmware and maker independence. Keycard ranks #10 and Keycard Shell #6 of 23 published hardware wallets. Every term of the gap is on the ledger below; the inputs are on the audit receipt.

Keycard67
Keycard Shell69
Scores are out of 100; published scores fall within 41–99 · ranks #10 and #6 of 23
Methodology v2026.10.18Ranking snapshot Evidence verified through 6 published criteria5 score dimensions Receipt #cc-VS-KEYCARD-VS-KEYCARD-SHELL-6644941c
Published verdictRanking snapshot 3 November 2026

Keycard Shell leads by 2 points

Keycard Shell scores 2 points above Keycard, led by rebuildable firmware and maker independence.

Keycard #10 of 2367
Keycard Shell #6 of 2369
Scores are out of 100; published scores fall within 41–99; a bar is empty at 41 and full at 99.
Why, term by termKeycard Shell leads on 2 of 6 published criteria; Keycard on 1. The terms sum to the gap.
TermKeycard ShellKeycardWeightPoints
Rebuildable firmware7/105/106.5+3.4for Keycard Shell+1.7 of 32
Fund-loss record5/1010/102.6−3.4for Keycard−1.8 of 32
Maker independence10/108/102.6+1.4for Keycard Shell+0.7 of 32
Net of the terms+1.3
Reproduced gap+1.3
Published gapAfter score rounding and bounds — see the note below6967+2.0

Weight is in points of the 86-point weighted total. Points are score points of the gap between the two.

Quick facts

At a glance

3 of 5 rows read the same for both.
FactKeycardKeycard Shell
One-time priceSnapshotKeycard at €29.00 including VAT on https://keycard.tech/products/keycard, read 1 October 2026; the store prices in euros only and publishes no US dollar list price.Keycard Shell (with two Keycards) at €129 including VAT (regular €149) on https://keycard.tech/products/keycard-shell, read 1 October 2026; no US dollar list price is published.
Asset coverageEditorial——
Region fitSnapshotus, europe, globalus, europe, global
Custody modelEditorialSelf-custody: the keys stay on the deviceSelf-custody: the keys stay on the device
Security postureSnapshotSecure element, EAL6+ certified; partly open source; no air-gapped signing.Secure element, EAL6+ certified; partly open source; air-gapped signing.
From the published criteria

Which should you pick?

Keycard

67#10 of 23
Pick it when
Pick Keycard if fund-loss record matters most — it scores 10/10 to Keycard Shell's 5/10 there (weight 11).
Strength
Secure element you can look up — 10/10
Tradeoff
No screen: you approve what the phone or computer shows, so a compromised host can mislead you

Keycard Shell

69#6 of 23
Leads
Pick it when
Pick Keycard Shell if rebuildable firmware matters most — it scores 7/10 to Keycard's 5/10 there (weight 27).
Strength
Secure element you can look up — 10/10
Tradeoff
First shipped in 2025, so it has a short record in buyers' hands
Self-identify in 10 seconds

Which one is actually for you?

Keycard

Choose Keycard if fund-loss record matters most

  • Fund-loss record: 10/10 against 5/10 for Keycard Shell (weight 11)
Keycard ShellLeads

Choose Keycard Shell if rebuildable firmware matters most

  • Rebuildable firmware: 7/10 against 5/10 for Keycard (weight 27)
  • Maker independence: 10/10 against 8/10 for Keycard (weight 11)
Criterion by criterion

Scorecard

Published criteria · weight in points of 8612 of 12 cells scored. Strength is read from the evidence file; the weight is the published one. Methodology

Secure element

weight 6.5 of 86Tie
Keycard10 out of 10
Keycard Shell10 out of 10

Rebuildable firmware

by 2 of 10weight 6.5 of 86Keycard Shell leads
Keycard5 out of 10
Keycard Shell7 out of 10

Genuine check

weight 2.9 of 86Tie
Keycard7 out of 10
Keycard Shell7 out of 10

Checkable keys

weight 2.9 of 86Tie
Keycard0 out of 10
Keycard Shell0 out of 10

Maker independence

by 2 of 10weight 2.6 of 86Keycard Shell leads
Keycard8 out of 10
Keycard Shell10 out of 10

Fund-loss record

by 5 of 10weight 2.6 of 86Keycard leads
Keycard10 out of 10
Keycard Shell5 out of 10

Score dimensions

weights sum to 86

The published score is five dimensions, each weighted for the category. "Published criteria" is the criteria block above; the other four are the engine's own terms — availability, friction, trust record, measured data. Each bar is one side's points out of that dimension's maximum; the weight beside the name is its points of the 86-point weighted total. The published criteria above can fill 24 of the block’s 30. A weight marked “constant here” belongs to a dimension every ranked product in the category holds at the same value: it still counts in the total, and it orders nothing here.

Availabilityweight 20 of 86 · constant here
Keycard14/20Keycard Shell14/20
Tie
Published criteriaweight 30 of 86
Keycard16.5/30Keycard Shell17/30
Keycard Shell leads
Frictionweight 10 of 86 · constant here
Keycard2.7/10Keycard Shell2.7/10
Tie
Trust recordweight 8 of 86 · constant here
Keycard3.2/8Keycard Shell3.2/8
Tie
Measured dataweight 18 of 86 · constant here
Keycard5.5/18Keycard Shell5.5/18
Tie
Decision rulePublished order

Choose Keycard Shell unless the term Keycard leads on is the one you are buying.

Pick Keycard if fund-loss record matters most — it scores 10/10 to Keycard Shell's 5/10 there (weight 11).

The published order weighs every criterion the same way for everyone. To weigh them your way, run .

From the published order

Next best action

If this isn't your case

Other matchups worth comparing

How you can lose money here, and what the ranking scores
  • Key failure: your own keys are made, shown or recovered unsafely.
    Scored by Secure element you can look up · 27% (Keycard 10/10, Keycard Shell 10/10)
    Scored by Firmware anyone can rebuild and match · 27% (Keycard 5/10, Keycard Shell 7/10)
    Scored by Proof the device is genuine and unmodified · 12% (Keycard 7/10, Keycard Shell 7/10)
    Scored by Key creation and signing you can check · 12% (Keycard 0/10, Keycard Shell 0/10)
    Scored by Sign and recover without the maker · 11% (Keycard 8/10, Keycard Shell 10/10)
    Scored by Years in buyers' hands without a device-level fund loss · 11% (Keycard 10/10, Keycard Shell 5/10)
Every failure family that applies to this category is scored, except Information failure, which the provider pages show as a fact.
Questions

Frequently asked questions

Keycard Shell scores 2 points above Keycard, led by rebuildable firmware and maker independence. Published scores, out of 100: Keycard 67 (rank 10 of 23 hardware wallets), Keycard Shell 69 (rank 6 of 23).

Related pages

Go deeper

Reviewed Next review by Methodology v2026.10.18
How this page is reviewed

Reviewed means both products compared here was read against its sources on or after that date; every ranked category is re-read at least every 45 days. Models research, extract and parse. A deterministic engine ranks. Every quote passes an adversarial refute pass.

Accountable for this review: Mathias Siemonsmeier, Founder.

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