ELLIPAL Titan Review 2020
Inhaltsverzeichnis
ELLIPAL Titan is the world’s first fully metal-made, air sealed hardware wallet. It promises special security against physical attacks. In addition, it is still designed for mobile use like its predecessor and completely dispenses with network connections. The hardware wallet exchanges its data with the smartphone via QR codes. You can read more about how this works and more in the following review.
First Impression
The entire contents of the ELLIPAL hardware wallet (ELLIPAL Mnemonic Metal must be ordered separately)
The Hardware Wallet ELLIPAL Titan can currently be ordered at a price of 169,00 $ (click here to check the current price) directly from the manufacturer. Shipping to the the whole world is free of charge. As a payment option, all common ones are available via PayPal, as well as cryptocurrencies.
Hardware Wallets should preferably be ordered directly from the manufacturer or official resellers.
Dubious shops or private sellers on platforms like ebay or amazon could manipulate the devices for their own purposes or trick the buyer. This way the thieves can steal all coins from your hardware wallet at a later date. Unfortunately there have been such cases in the past
The device is sent in a small black box, which is welded in foil. If you would like to, you can also order the product MNEMONIC Metal. This allows you to safely store the backup key (recovery seed) generated during setup.
Contents of the Package
In addition to the ELLIPAL Titan hardware wallet the package also includes a quick start guide, a congratulatory card, two stickers and a note to write down the recovery key. Also included is the Ellipal safety adapter. This can be connected to the connectors on the bottom of the ELLIPAL Titan and offers a micro-USB port for charging the device. For this purpose, you can use the short USB-A to Micro-B charging cable, which is also attached. In addition, the adapter has an input for a Micro SD card, which allows to update the firmware. However, the SD card required for this is not included in the scope of delivery.
With the hardware wallet itself, a lot has been improved to the predecessor. The housing is much more robust and valuable due to the aluminium alloy used compared to the previously used plastic. This fully air-encapsulated design also has the advantage that it is resistant to dust and water. The case measures 118x66x9.7mm and weighs 138g, includes a 1400mAh battery with a standby battery life of 259 hours according to the manufacturer.
Setting up the ELLIPAL Wallet
Never use a hardware wallet that is already set up. You must choose your own PIN code or password and perform the backup yourself. This is not given by anyone!
First, download the ELLIPAL app from the store of your smartphone. Then you turn on the ELLIPAL Titan and start creating an account. For this purpose, you set both an account name and a password. Then the hardware wallet generates the seed, which is used for generating the addresses of the cryptocurrencies This can be backed up once via the recovery key in order to be able to restore your account.
Your recovery seed is the backup key to all your crypto currencies and applications. The recovery seed (backup) can only be displayed once. Never make a digital copy of it and never upload it online. Keep the recovery seed in a safe place, in the best case also safe from fire and water. Special backup products such as Cryptosteel Capsule or Billfodl are suitable for this.
No one but yourself can be held liable for financial losses caused by improper handling of sensitive data.
Of course, instead of creating a new account, you can restore an existing one. ELLIPAL accepts a security key in the form of 12, 15, 18, 21 or 24 words. Finally, the “Connect” icon connects to the app using QR codes.
Handling
The hardware wallet is always necessary if you want to send cryptocurrencies or make changes to your accounts. Otherwise, the accounts can be viewed via the app without the hardware wallet In addition, the app offers other features such as live tickers of various coins and current news
Making transactions
The principle of signing a transaction with the ELLIPAL Titan
A transaction can be easily created via the interface in the ELLIPAL app. Then a QR Code is generated, which has to be scanned by the camera of the hardware wallet. This sends all necessary information to the hardware wallet, which can then sign the transaction. This in turn generates a QR code that is scanned by app. Then the transaction is sent via the app to the corresponding network.
Update of the Firmware
To update the firmware you have to download the current version as a ZIP archive from the ELLIPAL homepage. The archive is then copied to a micro-SD card and then inserted into the ELLIPAL security adapter. Only cards with a maximum of 32GB are supported.
Now you turn off the device, connect the adapter to the device and also connect it to the computer to charge the battery. If you turn on the hardware wallet again, you can start the update process in the settings. It is important not to interrupt the update process by disconnecting the adapter. Because it is not very tight due to the magnets, one has to pay special attention here. The update process may take more than five minutes.
Compatibility
ELLIPAL can be used completely with your smartphone
Since Ellipal is a mobile oriented hardware wallet, it can be used on the following platforms:
- Android
- iOS
The following cryptocurrencies are currently supported, with continuous work on additional coins:
- Bitcoin
- Ethereum
- Litecoin
- Dogecoin
- Dash
- Ripple
- ERC-20 Tokens
- Bitcoin Gold
- Stellar
- DigiByte
- EOS
- Cardano
- Tether
- TRC20 Tokens
- TRC10 Tokens
Documentation and Support
ELLIPAL comes with a small manual that guides you through the most important steps in English. There is also a small knowledge base on the official homepage that answers the frequently asked questions. If you have further questions, you can also reach the support team via the homepage.
The app as well as the hardware wallet is available in English.
Security
As a hardware wallet manufacturer, ELLIPAL naturally places great value on security. To achieve this, ELLIPAL has developed a security system that protects the user from hacking attempts while providing mobile support.
A hardware wallet is the most secure way to store crypto currencies. This is because the private keys that provide access to your crypto currencies are stored on these devices. Only a hardware wallet can effectively protect private keys through numerous security measures. Even though all Hardware Wallets are considered very secure, there are small differences between the individual models. Furthermore, even with a hardware wallet, it cannot be 100% excluded that a hacker can extract information with great effort in the case of physical access.
An essential part of this is that ELLIPAL does not have any physical connection to the Internet. ELLIPAL is a fully airtight hardware wallet that relies only on QR code to transfer data. It cannot be connected to connections such as USB, Wifi or Bluetooth. All transactions are only securely signed with QR codes. All QR codes are verifiable and secure, which is why ELLIPAL has publicly put its open source QR code on GitHub.
When you play this YouTube video, data is transmitted to Google.
In addition, the ELLIPAL Titan is robustly made of metal and sealed in a dust and water resistant way. It is impossible to break open the wallet without leaving any lasting damage. The anti-manipulation feature also deletes all keys as soon as a break-in is detected, protecting the wallet from physical attacks and hacks.
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Product Specifications
| Cryptocurrencies | Bitcoin, Ethereum, Litecoin, Dogecoin, Dash, Ripple, ERC-20 Tokens, Bitcoin Gold, Stellar, DigiByte, EOS, Cardano, Tether, TRC20 Tokens, TRC10 Tokens |
| Package Contents |
|
| Brand | ELLIPAL |
| Platform | Android, iOS |
| Altcoin Support | |
| FIDO U2F Authenticator | |
| Supported Coins | 33+ |
| Open Source | |
| Weight | 138g |
| Interfaces | Camera |
| Size | 119.4x64x9.9mm |
| Screen 2FA |
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FAQ 4
Ask your own questionI lost my hardware wallet. Now what?
That is not a problem. You can restore your accounts to a new hardware wallet using the recovery key you wrote down when you set it up.
Is it possible to restore all cryptocurrencies with a hardware wallet backup?
Most wallets support more than just one cryptocurrency, but only generate one backup. Nevertheless, this one backup is sufficient to restore all cryptocurrencies as all private keys of the different wallets result from the seed that is backed up as a backup during setup.
How does a hardware wallet work?
Hardware Wallets such as the Ledger Nano X, TREZOR Model T, BitBox02 or KeepKey all work according to the same principle. They are a special form of a so-called wallet, which is used to manage cryptocurrencies. A hardware wallet is a physical device that securely and inisolationly generates the private keys to the cryptocurrencies. Due to the extra hardware, they have some advantages over software wallets:
However, it is important to understand that hardware wallets are a high-quality goal and depend on various assumptions that apply to maintaining security. They are not a miracle weapon, and there are several realistic ways to hack a hardware wallet Especially if someone has physical access to the device.
What happens if there are new cryptocurrencies – do I need a new hardware wallet?
A new cryptocurrency is rarely supported directly by a hardware wallet at the beginning. However, most providers such as Ledger or TREZOR are constantly working to support new cryptocurrencies. Therefore, it is often worth waiting until the desired currency is supported by your hardware wallet.
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