ELLIPAL Review – Introduction to Ellipal Cold Crypto Wallets

The ELLIPAL company has been around since 2018. Its headquarters are in Hong Kong, and we all know how far Chinese technology can go if it wants, especially if it’s designed for markets other than the Chinese.

All in all, there shouldn’t be any reason not to trust them. Or maybe the situation is different? We are about to reveal all the details you need to know in this ELLIPAL review.

Overview of Ellipal’s Cold Wallet Technology

In a highly competitive and dangerous crypto world, keeping your cryptos safe can be crucial. ELLIPAL tried to solve that problem with its user-friendly hardware wallet solutions. One key benefit is its air-gapping feature, which keeps private keys completely isolated from the internet.

It is important to realize that these wallets are self-custodial, and investors are the only ones responsible for keeping their private keys safe. To manage cryptos safely, the company created some quite interesting features.

Traders Reviews

On the contrary to all positivity, we have to mention there are numerous negative ELLIPAL reviews on Trustpilot. In fact, more than 50% of those are negative. 

Some traders reported missing cryptos, setup issues, incompatibility to integrate with other platforms, and also quite bad customer support. On top of that, Reddit comments are nothing better. These things must be considered when choosing the right tools.

Hardware Design and Build Quality

Generally speaking, with an increasing number of crypto hackers, companies have had to find a way to truly protect clients’ cryptos. With an ELLIPAL wallet, traders will have more than just a wallet.

It’s a metal fortress for your crypto. With a fully metal-sealed design, air-gapping technology, and anti-tamper security, it can truly be a good choice. Also, it has 4 inch IPS color display and weighs only 140 grams. Sadly, traders were reporting numerous flaws with it.

Offline Transaction Signing Mechanics

Instead of USBs or the Internet, the ELLIPAL hardware wallet uses QR codes to verify offline transactions. This wallet is generally used with an app that acts as a proxy for the blockchain.

To transfer coins, the app generates the QR code, which this hardware wallet can scan. It uses the private keys stored to request the transfer. Once it’s completed, you have to do the same in the other direction to approve the transfer.

Security Features Offered by Ellipal Wallets

One of the main advantages of the ELLIPAL crypto wallet is its air-gapped design. This means no Wi-Fi, cellular, USB, Bluetooth, or NFC method can access it remotely. Another great option is the anti-tamper feature, which will make the wallet self-destruct if it detects physical hacking. Compared to some other wallets, this company has slightly weaker and older CCEAL 5+ security.

If you are trading with brokers whose targets are exactly traders’ wallets, you should keep all this in mind. A perfect example can be found in our InvestmentsGlobal and MaxVol reviews.

Supported Cryptocurrencies and Integration

Even before installing the ELLIPAL app, traders can see what cryptocurrencies this wallet supports. This wallet covers four networks and has more than 10,000 available cryptocurrencies.

Those networks are: 

• ERC20
• BEP20
• TRC
• HEC20

Sadly, it has quite limited third-party integrations. The only popular exchange that can be integrated is MetaMask. But for some investors, that’s more than enough.

What Are The Products Offered?

Besides primary products, the company offers some accessories and wallet bundles. One of the most popular options is the ELLIPAL mini, primarily because of its price. That’s especially important if you compare it to other more popular wallets that are cheaper and even more secure.

Luckily, one of the advantages over some competitors here is the ELLIPAL-supported coins range. Another new thing that will be limited is the Bitcoin halving edition of the wallet. There are only 500 devices left.

In any case, all products available are: 

• 2024 BTC Halving Cold Wallet – $199
• ELLIPAL Titan 2.0 Cold Wallet – $169
• ELLIPAL Titan Mini – $99

Accessories:

• ELLIPAL Seed Phrase Steel Protection – $59
• ELLIPAL Joy-Seed Phrase Generator – $39

Bundles:

• ELLIPAL Titan bundle – (Titan 2.0 cold wallet and seed phrase steel protection) – $199
• ELLIPAL Titan mini bundle – (Titan mini and seed phrase steel protection) – $129

Conclusion: Is It Worth It?

Generally speaking, ELLIPAL cold wallet solutions had huge potential. However, with too many negative reviews about them, this potential slowly diminishes. To avoid worrying about unnecessary things, we invite you to check out the Funded Trading Plus program. With a wide range of trading features, not only cryptos but advanced trading tools and, most importantly, funded accounts, it became popular quickly among traders.

It’s a fully transparent, UK-based trading firm that is one of the most trusted. Most importantly, traders can use simulated live trading programs to scale up and get access to real funded accounts once they pass the evaluation phase. The profit split is 80/20 in favor of traders.

What keeps traders coming is a 4.8 rating on Trustpilot out of 2,100 reviews. That’s not by mistake. Therefore, don’t waste any time. Sign up today with Funded Trading Plus, become a new partner of the company, and start withdrawing your profits weekly.

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