Today, I bring you the most comprehensive review on The Ellipal Titan Cold Wallet, a fresh addition to the crypto security platform.
Ellipal claims to be 100 percent isolated from all networks by only creating a connection with the computer or smartphone via QR codes.
Not to say that wallets with USB or Bluetooth connections do not guarantee security, but the transfer of data via QR code is the main security tool of the Ellipal.
This wallet is very exciting; it comes with a whole new package.
Continue reading I’ll let you in all you need to know about Ellipal’s cold wallet.
Ellipal Limited is a blockchain technology company founded in 2017 and headquartered in Hong Kong. Its mission is to “ connect everyone safely and conveniently to the blockchain network”.
Although I found this very ironic because the Ellipal Titan is a close source device i.e it is not open for everyone to see on the blockchain network.
To help you better understand how the device works, here’s what I will be covering.
- Ellipal Titan In a Nutshell
- Pricing and unboxing
- How to set up your Ellipal
- Currency support
- Pros and Cons
- Ellipal Vs Competitors
- Frequently asked question
Ellipal Titan in a Nutshell
The Ellipal titan is a completely air-gapped hardware wallet designed to isolate your private keys offline and transfers its data through QR codes.
The wallet is shaped like the regular smartphone and supports 30+ coins including all the ERC20 tokens.
Unlike Trezor and Ledger’s wallets, the Titan is quite bulky to carry about for a hardware wallet. On the other hand, you don’t necessarily need to carry it about all the time, since you’d be storing a lot of funds there.
Ellipal’s major security is the transfer of data via QR codes. It uses this method to completely isolate your keys from the network.
Unlike Trezor and Ledger, the Ellipal is not battle-tested and will require more time to be regarded as an “Elite Wallet”.
The wallets interface is one of the best I’ve seen so far and you will have no troubles with the setup; thanks to a swift touchscreen.
Ellipal also promises security against physical attacks through its IP65 sealed metal body and tampering detection.
Read on, find out how you can get this wallet and best way to use it.
Pricing and Unboxing
The Ellipal cost $169 shipping fee not included. At a $20 international shipping fee, getting this wallet will cost $189.
This is very high for a wallet that’s coming to compete with the existing big guns (the likes of Trezor and Ledger).
What’s in the Box?
- 1 Ellipal Device
- 1 USB cable for charging only
- Recovery sheet cards
- 1 getting started manual
Once you have your new wallet, next is to set it up, I will show you how to do that under 5mins.
How to Set Up your Ellipal Titan
The wallet is very easy to set up and won’t take you more than 5minutes to round up.
- Go tohttps://www.ellipal.com/pages/update to download the Ellipal Firmware on a micro SD card.
- Insert the card Into your Ellipal Device to complete the setup process.
- Click here to download the mobile app
Watch the video below to get full clarification on the setup process.
Ellipal Titan Supported Cryptocurrencies
The Titan supports over 30 native coins including all the ERC20 tokens. The wallet is constantly updated when a new coin is added on by the Ellipal team.
Pros and Con
- Strong metal body to protect against physical attacks
- Completely isolated from any networks.
- Very user-friendly via a flawless touchscreen.
- Too expensive for an emerging wallet.
- Supports Lesser Coins than its competitors
- Quite big to carry around for a HD wallet.
Ellipal Vs Competitors
Ellipal Vs Ledger and Trezor
Although the Ellipal claims to be 100 percent secured, its still no match for these Ledger or Trezor wallets.
People always want to know that they are entrusting their funds in a reputable wallet provider, this is a feat Ellipal will have to gain in the future if it’s found to be trustworthy over time. Yes, Ledger and Trezor were once new wallets and were not trusted as it is now.
The Ellipal’s interface is definitely something to write home about when compared to these two.
One more thing to consider is the coin support level. Once again, the Titan falls short in this category.
Ellipal cost is more than any of Ledger or Trezor wallets.
Ellipal Titan Vs Bitfi Knox
These two are closely similar when it comes to physical appearance. They are very new wallets even though the Bitfi is older.
Bitfi is an open-source and does not store your private keys on the device while the Ellipal is closed source and never exposes the private keys to any network by transferring data via QR codes only.
Ellipal supports a fewer number of coins compared to Bitfi’s unlimited coin support. Truth be told, Ellipal still needs to step up its game if it plans to match the likes of Bitfi.
An Ellipal device cost more than the Bitfi which is big advantage to the competitor.
Frequently Asked Questions (FAQs)
The Ellipal is fully air-gapped, it relies on only QR code for data transfer, and does not connect to any USB, WiFi, or Bluetooth connection.
This way it protects the device against physical attacks.
On the other hand, the only way to hack any wallet or install malware inside is to access the content inside. The wallet is designed to protect against such physical attacks, thanks to a strong metal casing. To open up the device, you will have to destroy the circuit inside.
Smart move right?
Air gapped is a state where a device is fully disconnected from other devices or systems. Ellipal believes this is the maximum protection for any device against hacking.
That’s it about the Ellipal Cold wallet, buy one to have a feel of it yourself.
Do you think Ellipal has what it takes to compete in the wallet industry?
Let me know your view in the comment section where I will be answering any questions you have about the device or this post.
The last but not the least, don’t forget to tap any of the social media icons below to let others in on this post.