1. What is the Ellipal wallet?
Designed to store and manage your copyright offline, the Ellipal wallet is a completely air-gapped hardware wallet. Ellipal wallet minimizes vulnerability to hacking attempts and digital breaches by remaining completely offline and disconnected from networks. Further, it leverages the use of QR codes for all data transfers and does not rely on any USB or Bluetooth connections. This means that your private keys are always away from any kind of contact with online devices.
2. Major security features
Ellipal wallet boasts multiple security features that stand out and ensure complete protection from any kind of vulnerability. Some major ones include:
- Air-gapped design: It eliminates common entry points for hackers by eliminating the use of Wi-Fi, Bluetooth, or USB for connections, with its air-gapped design.
- Tamper-proof casing: The wallet also has a self-destruct mechanism, which means that in case of any physical tampering, the device will protect your private keys by wiping out all your data from itself.
- QR code-based communication: Any kind of interaction on the device, including transactions and firmware updates are done using QR codes only. No other forms of interaction are allowed, ensuring maximum safety.
3. Setting up the Ellipal wallet
Even if you are a first-time user, setting up the Ellipal wallet is a pretty straightforward task:
- Unbox and charge: Power on your Ellipal wallet when you receive and unbox it and make sure that it is adequately charged, before proceeding with the setup. This facilitates a smooth setup process.
- Initialize the wallet: Choose the option for creating a new wallet on the device and then follow the prompts to set the password for secure access. Make sure that the chosen password is strong and unique.
- Write down the recovery seed: A recovery seed will be generated by Ellipal, which is also known as the Mnemonic phrase. Writing down this phrase on the provided card or a safe offline document is essential, as this phrase is critical to the restoration of the wallet.
- Download the companion app: On your smartphone or tablet, install the Ellipal mobile app, which can be found on all major app stores. Managing transactions becomes easier by pairing your hardware wallet with this app.
- Pair via QR codes: Scan the QR code and initiate the pairing process. This ensures that your wallet is safely linked to your app.
4. Managing your digital assets
Managing your copyright holdings is extremely convenient with the Ellipal wallet:
- Supports multiple cryptocurrencies: Major coins and tokens are supported by Ellipal wallet. Besides, it comes with regular firmware updates, which expands the list of supported assets even further.
- Seamless transactions: If you want to send or receive copyright, all you need to do is open the Ellipal app on your phone, follow the on-screen prompts given and scan the QR code of the wallet. An offline signing of transactions will be done by the wallet, which will help in keeping your private keys away from online threats.
- Portfolio tracking: An overview of your portfolio is completely available on the online companion app of Ellipal. From checking balances and monitoring trends to initiating trades, you can do everything in one place.
5. Updating firmware
If someone wants to access the latest features and asset support on Ellipal wallet, ensuring regular updates of the firmware is essential. The entire wallet is offline, but the firmware can be updated by following these steps:
- Download the latest update: The firmware update app is available on the official Ellipal website or the companion app. Download it first.
- Transfer the firmware via QR code: Choose the ‘Firmware Update’ tab within the Ellipal app and get the file transformed into a QR code.
- Scan the codes on your Ellipal wallet: Use the camera available on the wallet to scan the QR codes generated in the previous step. Verification and installation of the updates in a safe and secured manner will be done.
6. Security best practices
Offering robust security is a key feature of Ellipal wallet, but following security best practices is vital:
- Safeguard your seed phrase: The master key to your funds is the 12- or 24-word seed phrase and therefore, store it in a secure and private location. Avoid using digital files to save it and do not share it with anyone.
- Enable password features: Add a strong password and ensure additional layers of security by setting up additional passphrase protection if possible.
- Keep firmware updated: Always keep an eye on firmware releases and make prompt updates to your wallet. This helps in installing the latest security patch and coin support features.
- Be wary of phishing attempts: Use the official website of Ellipal or authorized app store listings to download software and firmware. This can boost your device’s immunity against any kind of phishing attacks.
7. Is the Ellipal wallet right for you?
The hardware wallet you choose must depend on your individual needs and preferences. The Ellipal wallet is an excellent choice, if you want offline security and a modern, touchscreen interface. Ellipal wallet provides you with a user-friendly setup, without compromising on security at all. Having an air-gapped device like the Ellipal wallet in the current scenarios can be a beneficial move for any copyright enthusiast.
Conclusion
The Ellipal wallet is a perfect choice for individuals who want a user-friendly and secure hardware wallet. With a seamless login process, the wallet provides an offline solution to all copyright problems. You get an air-gapped architecture, tamper-proof build, and easy-to-navigate interface to ensure a robust and secure copyright management experience with Ellipal wallet.