Ellipal is a Hong Kong-based enterprise that provides a cryptocurrency wallet and hardware wallets to store digital assets securely. Ellipal’s wallet is entirely isolated from the internet, ensuring it is impervious to unwanted access, cyberattacks, malware, and other digital risks. Ellipal aims to develop a safe cold wallet for cryptocurrencies and provide users with a portable and efficient cryptocurrency service system.

What is Ellipal Wallet?

Ellipal cold wallets are entirely air-gapped hardware wallets. The hardware wallet operates with a smartphone application for convenience in daily utilization. The hardware wallet stores the account’s private keys and connects to the internet when the application scans the QR code. Ellipal employs the BIP39 standard, ensuring broad compatibility with most cryptocurrency wallets. It is possible to export private keys from the cold wallet and import them into another wallet. The wallet facilitates transactions without requiring a direct connection to online devices. Ellipal’s premier products include the Ellipal Titan 2, the Ellipal Titan Mini, and the Ellipal Seed Phrase Steel. These wallets offer security by being entirely disconnected from the internet, safeguarding users against unwanted access, cyberattacks, viruses, and online threats.

The Ellipal Titan 2 Cold Wallet provides dual-layer protection, featuring CC EAL 5+ certification, a 24-word seed phrase, and an additional 25th passphrase for enhanced security. The Ellipal Seed Phrase Steel is a robust backup solution for seed phrases, constructed from 316 stainless steel and compatible with BIP39 wallets. The Ellipal Titan Mini Cold Wallet is engineered for portability and user-friendliness, incorporating dual-layer security and CC EAL 5+ certification. Ellipal’s cold wallets are recognized for their anti-disassembly and anti-tamper attributes, safeguarding users’ money. Ellipal offers a comprehensive application for purchasing, exchanging, staking, and interfacing with decentralized applications. Ellipal supports more than 10,000 cryptocurrencies and tokens, encompassing the administration of NFTs.

Background of Ellipal Wallet

Ellipal was founded in 2018 by David Tian, Hao Ning, and Tong Chen and is headquartered on Hong Kong Island, Hong Kong. Disillusioned by the deficiencies of previous hardware wallets, the pair endeavored to develop, in their terms, “the quintessential hardware wallet.” Titan 1.0 was so conceived.

2019 the inaugural air-gapped cold wallet, Ellipal Titan, was introduced. During a blockchain conference, David presented the novel idea of “Cold Wallet 2.0,” which he called the “air-gapped cold wallet.” He executed this sophisticated solution in the Ellipal Titan, positioning it as the industry’s preeminent large-screen, air-gapped cold wallet. The Ellipal Wallet App was enhanced in 2020 due to the pandemic.

In 2023, the company introduced Titan 2.0 with a new collaboration with MetaMask, enhancing user experience. These measures underscore the company’s dedication to user-centric, sophisticated cryptocurrency security. Ellipal has four investors: Northbund Capital (Hong Kong), Jinghu Capital, DL Capital (China), and JRR Group.

Features of Ellipal Wallet

The Ellipal Wallet offers advanced security with air-gapped, offline functionality, anti-tamper protection, and QR code-based transactions for enhanced safety. Some of its features include.

Security

The Ellipal wallet operates offline, unlike traditional wallets connected to the internet. It resists viral attacks and other online threats, such as hacking. The Ellipal wallet employs a secure element chip to encrypt and securely store private keys, making unauthorized access impossible. The secure element chip protects the wallet against side-channel attacks and physical extraction attempts. Titan’s secure element chip possesses a CC EAL 5+ certification. The Evaluation Assurance Level (EAL) is a certification for products that comply with specific international security criteria established by Creative Commons. The range extends from EAL 1 to EAL 7, signifying the degree of assurance testing conducted on a product.

Air-gapped Technology

The Ellipal wallet’s air-gapped technology is a prominent feature. The Ellipal wallet operates offline, unlike traditional hot wallets that remain perpetually online. This indicates that the private keys associated with transactions are generated and stored offline, inaccessible to potential hackers. Turning off all internet connections reduces the likelihood of hacking attempts and unauthorized access to the wallet.

Secured QR Code

The Ellipal wallet employs a secure QR code mechanism alongside its air-gapped technology. This functionality ensures that all transactions are securely validated and signed on the device. Users can authenticate transaction data directly from the wallet by scanning QR codes, thereby obviating the necessity for potentially hazardous third-party programs or websites.

Tamper-Resistant Design

The Ellipal wallet’s tamper-resistant design safeguards it from physical attacks. The wallet’s sturdy and resilient construction guarantees that any tampering efforts will be obstructed, protecting the secrecy of the sensitive information. This additional layer of physical security prevents unauthorized individuals from compromising the integrity of the wallet.

Self-destruction Mechanism

The anti-tampering self-destruction mechanism is a distinctive verification method utilized in the Ellipal wallet. This function safeguards the device against any attempts at tampering. The wallet will immediately self-destruct under a physical assault or unauthorized access, rendering the stored data irretrievable. This distinctive characteristic provides the Ellipal wallet with an additional layer of security and acts as a formidable deterrent.

How Does Ellipal Wallet Work?

Opening an account with Ellipal Wallet

• Select a language, such as “English.”
• Download the ELLIPAL application.
• Select “Next” followed by “Create Account.”
• Complete account details and establish a passcode (optional). Users must always remember their passcode to retrieve their wallet.
• Select “Create Account,” then meticulously review and verify the three essential points. The wallet will provide users with a compilation of mnemonics.
• Users must compile a list of their mnemonics and secure it appropriately. It is the sole backup for their wallet and all of their cryptocurrency.
• Authenticate the mnemonics by selecting the appropriate words in the correct sequence and pressing the “Verify Mnemonics” button.
• Complete the account creation process by selecting the coins you want to include.

Connect New Application to the Ellipal App

Upon successfully opening an account on the ELLIPAL Titan, users must pair it with the ELLIPAL App to access their balance and initiate transactions. The following steps should be followed to connect the new application to the Ellipal App:

• Click the icon in the screen’s upper right corner on the freshly opened ELLIPAL Titan account.
• The “Connect to App” page and the “App Connection QR codes” will be shown.
• Choose “Connect to Cold Wallet” under the ELLIPAL Application.
• Upon pressing the “Connect to Cold Wallet” button, the camera on the user’s phone will activate.
• Users must utilize their phone’s camera to scan all QR codes on the ELLIPAL Titan.
• While grasping the ELLIPAL Titan, press “Auto Play” to enable automatic playback of all QR codes.
• Scan all QR codes and verify their phone for their new cold wallet account.

Ellipal’s products

Key products include the Titan 2.0 and Mini, featuring touchscreen interfaces, QR code verification, and staking options via the Ellipal app. Some of its main products include:

Ellipal Titan Wallet

The Ellipal Titan hardware wallet is designed to secure users’ cryptocurrency. It utilizes an air-gapped system and multi-layered protection to safeguard against remote hackers and malware. It is secure as it does not depend on external applications or servers. It features a ruggedized case and an IP65 waterproof rating, rendering it suitable for diverse environments. The device supports over 10,000 cryptocurrencies across 51 blockchains, including Bitcoin, Ethereum, BSC, Solana, etc.

Ellipal Titan Mini Wallet

The Ellipal Titan Mini is a cold storage solution for users’ cryptocurrency holdings. Due to its metal sealing and air-gapped design, it remains perpetually disconnected from the internet. This safeguards your wallet password from cybercriminals. It interacts with the ELLIPAL smartphone application through QR codes. It can store and manage NFTs, together with various cryptocurrencies and tokens. The Titan Mini features an offline updating mechanism and a self-destruct option to safeguard users’ private keys. It is a mobile-compatible, user-centric wallet with total control and decentralization over cryptocurrency holdings.

Ellipal Wallet App

The Ellipal Mobile App complements the Ellipal Titan hardware wallet. It enables users to use their cryptocurrency assets in a straightforward and accessible way. The app is compatible with both Android and iOS devices. It is accessible for complimentary download from the appropriate app shops. Users may verify their wallet balance, see transaction history, and send and receive bitcoins globally. The software is highly intuitive and user-friendly. It provides a seamless and uniform user experience.The Ellipal Mobile App offers advanced features such as multi-coin compatibility, an integrated exchange, and customizable transaction fees. It is a multifaceted and robust instrument for managing bitcoin assets due to its compatibility with numerous coins.

Ellipal Seed Phrase Steel

The Ellipal Seed Phrase Steel safeguards users’ cryptocurrency asset key with the Ellipal Steel, engineered explicitly for 12, 15, 18, 21, or 24-word recovery phrases. The Ellipal Seed Phrase Steel offers effortless security and tranquility, ideal for protecting users’ 12, 15, 18, 21, or 24-word phrases compatible with all BIP39 wallets. It is compatible with leading wallets such as Trust Wallet, MetaMask, Ledger, Trezor, and others.

Users can effortlessly insert the initial four letters of each recovery term onto the core utilizing separators. Once established, users can safely store their Ellipal Seed Phrase Steel to protect against theft or loss. The ELLIPAL Seed Phrase Steel, constructed from high-quality aviation-grade 316 stainless steel, is resilient to fire, water, and shock. The product manages temperatures over 2649.2°F (1454°C), which is exceedingly challenging, much surpassing the intensity of a typical residential fire.

Conclusion

Ellipal wallets provide one of the most secure means of storing bitcoins. While acknowledging that no wallet or security solution is infallible, it is comforting to note that the Ellipal wallet has garnered outstanding reviews from users and industry experts. Despite its elevated security measures, it is essential to implement necessary precautions to protect your private keys and device from potential dangers.