ELLIPAL Review: Is It Worth It?
Is ELLIPAL a trustworthy company? Is ELLIPAL Titan safe? In this ELLIPAL review, we'll go over all of ELLIPAL's features, we'll go into its history and background, we'll analyze its pros and cons, and we'll find out whether or not this is a serious contender for the best cold storage wallet in the crypto market today!
Disclaimer: We want to emphasize that this is not financial advice. Cryptocurrencies operate in a volatile market, where values can drastically fluctuate in a blink of an eye. It is imperative to conduct thorough research and seek guidance from a qualified financial advisor before investing.
Background And History
ELLIPAL Limited is a blockchain technology company focused on cryptocurrency safety and blockchain service facilities founded in 2017 and headquartered in Hong Kong. ELLIPAL produces the most secure hardware wallets. The ELLIPAL Titan cold wallet is one of the world's leading Bitcoin (BTC) and crypto cold storage.
Since its founding, ELLIPAL has been developing and distributing software for payment solutions in addition to crypto wallets.
ELLIPAL is one of the biggest Indiegogo success stories in recent times with the brand being the first to create the very first completely isolated hardware wallet. ELLIPAL promises to offer best-in-class security to cryptocurrency holders who want to invest in hardware wallets.
ELLIPAL's cold wallet - the ELLIPAL Titan - is the world's first fully metal sealed and air-gapped cold wallet with mobile support. ELLIPAL's first-generation cold wallet. Released in 2018, it quickly received acclaim from many users worldwide.
Although it isn't as popular as Ledger and Trezor, ELLIPAL is quickly becoming a serious contender in the cold wallet market.
ELLIPAL Titan
The latest iteration of the ELLIPAL Titan presents a substantial leap forward compared to its earlier version. Notably, its build quality emerges as remarkably robust and impenetrable, boasting a construction that defies attempts at disassembly. Evidently, the ELLIPAL Titan stands as a trailblazer, introducing a pioneering concept to the market as the first fully metal-sealed and air-gapped cold wallet.
The ELLIPAL Titan's architecture embraces the concept of air-gapped cold storage, effectively warding off remote attacks and establishing a complete network isolation. It achieves this by being devoid of online components or ports, rendering it perpetually unconnectable to the internet. This meticulous design provides an unequivocal safeguard against both remote and online assaults, assuring that private keys stored within never encounter the internet, thus minimizing vulnerability.
Furthermore, the ELLIPAL Titan introduces a suite of anti-disassembly and anti-tamper measures to fortify its resistance against physical and supply chain attacks. The formidable nature of the hardware becomes evident through its nearly impervious metal casing, which makes any disassembly attempts result in irreparable harm. The built-in chip ensures the deletion of data upon detecting a breach, further reinforcing its protection.
This cold wallet showcases its resilience through features like dust and waterproofing, making it remarkably resistant to impact and crushing forces. A distinctive aspect of the ELLIPAL Titan's security approach is its emphasis on granting users full control. The concept of "Sign what you see" underscores the philosophy that users need not place absolute trust in ELLIPAL or any external entity. The use of QR codes in an open data format serves as a verifiable, transparent, and offline method of data transfer. Notably, private keys are never transmitted through QR codes, establishing an additional layer of security.
The ELLIPAL Titan accommodates advanced functionalities, including support for importing mnemonics and private keys from external wallets. This feature alleviates concerns about relying solely on keys generated by ELLIPAL, ensuring users maintain control over their assets. The inclusion of passphrase support further enhances security by introducing an additional layer of protection.
Usability
Upon evaluating the usability of the ELLIPAL Titan, we encountered a level of user-friendliness that pleasantly defied our expectations. Given its cost-effective nature in comparison to top-tier smartphones boasting cutting-edge touch screen technology, we anticipated potential glitches, sluggishness, or unresponsiveness in its interface. However, our hands-on experience, which included comparing it alongside an iPhone 13, yielded an unexpected outcome. The touch screen functionality of the ELLIPAL Titan proved impressively responsive and remarkably free of glitches. While it may not match the caliber of high-end smartphones, it surpassed the performance of numerous budget alternatives.
Initiating the setup process for the ELLIPAL Titan was a straightforward endeavor, characterized by simplicity and intuitiveness. The device's user interface guided us seamlessly through the steps, making the process accessible even for individuals less familiar with such technology. Connecting the ELLIPAL Titan to an iPhone presented no hurdles, affirming the device's user-friendly design and its capacity to integrate effortlessly with external devices.
In sum, our evaluation of the ELLIPAL Titan's usability was marked by surprise at its competence and efficiency. Its touch screen responsiveness, despite being a cost-effective device, surpassed initial expectations and performed commendably in comparison to both high-end and budget smartphones. The ease with which we navigated the setup process and established connectivity with an iPhone underscored its user-friendly design, rendering it accessible to a broad spectrum of users. The ELLIPAL Titan's usability showcases its commitment to providing an intuitive and efficient experience, contributing positively to the user's interaction with this cryptocurrency security solution.
Charging the device is easy and convenient, updating the firmware has been made easier in the new version of the Titan, all you need to do is download the latest version of the firmware from the ELLIPAL website, save it to the micro SD card that comes included with the ELLIPAL Titan, eject the micro SD from your computer, connect the adapter to the bottom of the ELLIPAL Titan, insert the micro SD in the adapter, and proceed with the firmware update.
Mobile App
Upon evaluating the ELLIPAL Titan mobile app, it becomes evident that the app's design could benefit from improvements in terms of aesthetics. ELLIPAL's all-encompassing crypto wallet app aims to provide users with a comprehensive solution for managing their cryptocurrency endeavors. The app allows users to oversee accounts, execute trades, and perform exchanges directly from their smartphones, while maintaining the security of their coins stored in the cold wallet.
The app's user interface is designed to be clean and straightforward, enabling ease of use and navigation. However, there is potential for enhancement to deliver a more visually appealing and intuitive experience. The interface, while functional, could be refined to achieve a more polished overall aesthetic.
Among the app's features are several noteworthy components:
The ELLIPAL App functions independently as a hot wallet and effectively manages the cold wallet when paired with the ELLIPAL Titan.
Users can consolidate supported coins under a single account and establish multiple accounts as needed.
Real-time balance tracking is provided, displaying holdings in relation to current prices.
Built-in coin conversion capabilities and access to Binance DEX facilitate seamless trading.
Security-conscious users can enhance protection by adding up to two passwords within the app and coupling it with the ELLIPAL Titan.
Bitcoin and other cryptocurrencies can be purchased using major Visa/Masters cards and even Apple Pay.
Through ELLIPAL's partner, MoonPay, users can securely acquire crypto directly into their wallet, minimizing third-party involvement.
Stay informed about cryptocurrency trends by monitoring price changes across various markets, accessible conveniently from the app.
Regular updates ensure users are informed about the latest developments in the cryptocurrency realm.
In conclusion, the ELLIPAL Titan mobile app serves as a functional tool for managing cryptocurrency activities. While its current design is functional, there is potential for improvement in terms of aesthetics and user experience. The app's capabilities encompass a wide range of features, enabling users to manage crypto holdings, execute trades, and stay informed about market trends. With an emphasis on usability and security, the ELLIPAL Titan mobile app offers users a valuable toolset for their cryptocurrency endeavors.
Crypto Finance
The ELLIPAL Mobile App extends beyond coin security, positioning itself as a versatile tool for investors seeking seamless trading and investment capabilities.
Within the ELLIPAL ecosystem, users can instantly convert their coins into supported currencies, eliminating the need for external exchanges. Collaborations with Changelly and SWFT enhance conversion speeds and offer the best available rates.
The app facilitates easy cryptocurrency purchases through partnerships with Simplex and MoonPay. Visa, Mastercard, and Apple Pay transactions are supported, with swift identity verification.
Cold staking is empowered by the ELLIPAL Titan, allowing users to stake coins securely while earning rewards within an air-gapped environment.
The ELLIPAL wallet now supports WalletConnect, enabling seamless connection to DApps. ETH DeFi functionalities are integrated, covering Finance, Mining, and Trade categories.
Please note that operations on third-party platforms are subject to their terms, and these platforms are solely liable to users.
Supported Coins
The ELLIPAL Titan really shines in this department, the cold wallet supports more blockchains and tokens than any of Trezor's or Ledger's wallets.
In total, ELLIPAL supports 40 blockchains and more than 10,000 tokens, among the supported blockchains, is the ever more popular Binance Smart Chain (BSC), which means that you can store your BEP-20 tokens using the ELLIPAL Titan.
For the complete and latest list of all supported blockchains and tokens, follow the link below.
Mnemonic Metal
The ELLIPAL Mnemonic Metal stands out as an exceptional product in the cryptocurrency landscape, offering a fresh approach to securing seed phrases that surpasses the traditional method of using paper.
In the unfortunate event of losing access to your hardware or hot wallet, the Mnemonic Metal provides a convenient way to recover your account by utilizing stored mnemonics on another wallet.
Engineered from robust metal, the ELLIPAL Mnemonic Metal is meticulously designed to protect essential 12/15/18/21/24-word mnemonics, ensuring the ongoing security of your wallet's backup.
Noteworthy advantages of the ELLIPAL Mnemonic Metal include its exceptional durability, incorporating fireproof, waterproof, mold-proof, and insect-proof properties. This guarantees its resilience in various challenging conditions and ensures long-lasting protection.
The user-friendly setup and sustained readability of mnemonics over time are pivotal features, preserving the legibility of these critical codes for extended periods.
Additionally, the compact and lightweight design of the Mnemonic Metal allows for easy portability, enhancing its convenience when needed.
Further, the inclusion of an optional lock mechanism provides an extra layer of security and privacy, offering peace of mind for users.
The ELLIPAL Mnemonic Metal adheres strictly to the BIP39 standard, accommodating 12/15/18/21/24-word mnemonics. Its compatibility extends to a wide range of hardware and hot wallets, including popular options such as Trust Wallet, Ledger Wallet, and Trezor Wallet. This versatility means that the Mnemonic Metal can serve as an effective security solution beyond the ELLIPAL Titan ecosystem.
ELLIPAL Pros & Cons
ELLIPAL: Pros
- Fully metal sealed and air-gapped cold wallet with mobile support
- Anti-disassembly & Anti-tamper
- It has introduced many improvements since its launch in 2017
- An original and revolutionary concept
- Crypto exchange and staking included
- Supports 40 blockchains and more than 10,000 tokens
- The Mnemonic Metal is great
- Great design
ELLIPAL: Cons
- Relatively new company
- Social media presence needs to be better
- Customers have reported delays in delivery
- The founders should be more public to build trust
- The user-interface isn't great
ELLIPAL Review: Verdict
After our ELLIPAL review, we found the company to be one of the most promising in the whole cryptoverse, we love the Mnemonic Metal and think it is a must-have for anyone who's looking to seriously securing its mnemonics, having them wrote down on a piece of paper will eventually become a thing of the past.
We were also pleasantly surprised with the ELLIPAL Titan, the company has done some huge improvements in what design and built quality is concerned, the latest model of the Titan looks, feels, and works great.
The fully metal sealed and air-gapped cold wallet is revolutionary and it feels great to know that the wallet is anti-disassemble and anti-tamper.
ELLIPAL has also worked hard to support as many blockchains and tokens as possible, and, at the time of writing, it supports 40 blockchains (including the ever more popular Binance Smart Chain - BSC) and more than 10,000 tokens, in this department, the ELLIPAL Titan really outshines both Trezor's and Ledger's wallets.
All these facts make us believe that ELLIPAL really has the potential to overtake the crypto wallet market and become the most popular supplier in the near future.
For this to happen, however, some improvements are still due, the fact that the company is relatively recent is an undeniable fact that makes some users suspicious, that being said, that suspicion can be diminished if the company takes some measures, we believe that ELLIPAL's social media presence should be much stronger, it needs a better strategy, another very important measure would be to have its founders be more public - give more interviews, interact with customers, etc - this would definitely grow confidence in the company.
There have also been some reports from customers about delays in delivery and slow customer support, all these are to be expected in a relatively new company but should be addressed and improved as soon as possible.
The user interface isn't great, and the overall design of the app could also be much better.
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