ELLIPAL Wallet
In the ever-evolving world of cryptocurrency, the quest for a secure and user-friendly wallet is paramount. The Ellipal wallet has emerged as a noteworthy contender in this space, boasting an impressive track record with no reported instances of being hacked. This article provides an in-depth Ellipal wallet review, focusing on its unique features, usability, and security measures.
We’ll delve into the specifics of the Ellipal Titan, one of the brand’s flagship products, and provide a comprehensive analysis based on numerous Ellipal Titan reviews. Our aim is to give you a clear understanding of its strengths and potential weaknesses, helping you make an informed decision.
Whether you’re a seasoned crypto enthusiast or a newcomer looking to secure your digital assets, our Ellipal review will offer valuable insights into one of the most talked-about wallets in the crypto sphere. So, let’s dive in and explore what Ellipal has to offer.
| Topic | Summary |
|---|---|
📱 Ellipal Titan Wallet | The Ellipal Titan Wallet is a hardware wallet for cryptocurrencies that stands out due to its unique feature of eliminating USB and Bluetooth interfaces, instead using QR codes for communication. This makes the hardware completely isolated from the internet, providing a secure “offline storage” solution. |
🏢 Ellipal Company | The wallet is produced by Ellipal, a Hong Kong-based company founded in 2017. The company is relatively unknown in the crypto sector compared to Trezor and Ledger. |
🪙 Supported Coins | The wallet supports 30 cryptocurrencies and all ERC20, TRC20, TRC10, BEP2, and EOS tokens. |
🛠️ Build Quality | Despite its innovative approach, the wallet’s build quality and unknown security concept have raised some concerns. The device looks like a cheap smartphone and has a 4″ touchscreen. |
📱 Ellipal App | The mobile app worked perfectly in the review. It provides basic functions like an account manager and the possibility to manage the individual coins and tokens, as well as additional features like a decentralized exchange for exchanging coins and tokens, management of multiple accounts, real-time market prices, and blockchain news. |
🚀 Conclusion | Overall, while the Ellipal Wallet is not a bad device, there are better alternatives. The approach that Ellipal takes with its hardware wallet is interesting, but the build quality and the unknown security concept could not convince the reviewer to use the Ellipal Wallet for long-term holding of Bitcoin and other cryptocurrencies. |
What you'll learn 👉
Why a hardware wallet?
One of the most common problems Bitcoin faces today is security. Meanwhile, crypto exchanges and hot wallet are hacked almost daily, robbing their owners of their digital assets.
For private users like you and me, only hardware wallets can currently help here. These usually store your private key on a special security chip and allow you to manage it completely offline.
Was Ellipal Wallet Hacked?
The creators of Ellipal Titan have strived to design a wallet that combines the security of a bank vault with the user-friendliness of a hot wallet. Ellipal is an air-gapped wallet, signifying that it operates in complete network isolation. Notably, as of today, there have been no instances of hacks or data breaches associated with Ellipal, underscoring its robust security measures.
The manufacturer
Ellipal, the manufacturer of the hardware wallet of the same name, is an unknown company in the cryptosector compared to Trezor and Ledger. The company was founded in 2017 and is based in Hong Kong. Since then, the startup has been developing and distributing software for payment solutions in addition to crypto wallets.
Due to the young history it is difficult to estimate how Ellipal Titan will develop further. The same applies to the long-term support for the wallet. After all, the successor “Ellipal Titan” was launched in October 2019.
How secure is the Ellipal Titan Wallet?
Due to the low level of awareness I could not find any information about the security of the hardware itself during my research.
The most important security feature and at the same time the biggest difference to the devices that have been available for a long time is the absence of any physical interfaces. This means that the communication between hardware wallet and app on your mobile phone is not done via USB, Bluetooth or WLAN, but via QR codes.
Of course, an attack on the mobile phone cannot be excluded and neither can physical attacks be excluded. But all wallet manufacturers have the same problem.
Ellipal Titan has taken precautions and implemented mechanisms to prevent manipulation. For example, the public keys are shown on the wallet’s display for comparison.
As always: Keep your eyes open when buying and selling Bitcoin. Always check all steps carefully and use your common sense for maximum security.
The hardware wallet can currently only be ordered via the manufacturer’s website. The shipment is directly from Hong Kong. Therefore, in addition to the approximately 130 € for the wallet, there are additional costs for shipping and customs.
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