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By Zach — 2 years ago
In this review, I am going to do a deep dive into the BC Vault hardware wallet. How does it stack up against the Ledger Nano X or the Trezor Model T? Does it have more coins supported? How much does it cost? What about the security of the device?
Luckily, we are going to address all of these questions and more in this article, so stay tuned and find out what makes this hardware wallet truly unique from the rest. I have reviewed a handful of new hardware wallets recently and can honestly say that this wallet is much different than the last 10 I’ve ripped into.
If you want to check the most recent review I’ve done, it’s for an entry level hardware wallet made by Binance’s team and it also has a unique twist as well called the Safepal S1. You can find that review HERE for comparison.
Now, let’s take a look at the BC Vault details below. You won’t regret it!
BC Vault – What Makes It Unique?
Unlike most other popular cryptocurrency hardware wallets, like Ledger Nano X and Trezor Model T, you do not set up a recovery seed card before you initialize the device. In fact, there is a gyro sensor for you to randomly generate private keys by physically shaking the device (seriously).
You can also hold more than 2000 unique wallets within the web app, and can granularly set specific passwords for each one and setup multiple PIN’s to not only make it more secure, but also allows for an easy way to share the device and use Multi-Sig. In fact, this is the first device that natively allows you to use Multi-Sig on a per wallet basis and set multiple PIN’s.
This wallet does not use HD wallets, so each wallet has its own unique backup. This does make it more secure, however, if you lose or forget the global PIN and global password for the device, your funds are locked inside forever. They do have an encrypted QR code backup for each individual wallet, or you can create a backup on the included micro SD card that comes in the box.
What’s In The Box?
This is everything that comes in the box of the device. I have also posted an unboxing video below with a tutorial and setup guide video coming soon. Here’s what you’ll find inside:
- BC Vault Hardware Wallet Device
- Multiple Stickers “Wallets are for pocket money, Vaults are for safe keeping.”
- USB C to USB-A Nylon Cable
- Getting Started Guide
- Welcome Note From CEO
- 1 GB Micro SD Card
You have everything you need to get started right out of the box. Once you remove all the security tape and plastic screen protectors, you are now ready to connect your device through the web app to set your global PIN
Features & Price
This wallet has some pretty unique features I will admit, and it’s pretty refreshing. For example, you can use multiple cryptocurrencies at once. There are no “apps” you need to install or fear or worry of running out of space that most wallets have when upgrading the firmware.
Additionally, the amount of coins and wallets that can be used/stored simultaneously is astounding. As mentioned above, you can have up to 2000 unique wallets and can interchange multiple cryptos in multiple wallets.
The storage is reliable. The BC Vault’s private keys have complete encryption and they are stored in the FRAM device. The FRAM is fully tamper-resistant and thanks to the reversible USB 3.0 Type-C connector any damage occurring from mechanical error is fully prevented.
In addition to the secure FeRAM that is securely encrypted, and the large display which is useful when confirming transactions, you have peace of mind not having to worry about anyone locating or using a recovery seed phrase to render your funds useless.
You can also import any private keys you have elsewhere via the SD card as well, so you can easily interchange private keys from other wallets if you have them in the correct format.
The cost is this wallet is 155 Euros, which is approximately $170 USD at the time of this writing. This isn’t a bad price, considering the features and amount of crypto you can store and use on this device.
This is usually one of the most important factors when deciding on a hardware wallet (with the exception of security). If the wallet doesn’t currently support the coins you need to store offline, you can’t really take it too seriously as a deciding factor for purchase. Regardless of whether or not they claim to add more coins in the future.
Needless to say, they have some unique choices for coin support here, including:
Dynamic Trading Rights
You can also find a complete list of currencies that are supported by clicking HERE. That will link you directly to BC VAULT’s website, which will always be up to date at the time you are reading this.
I will point out that some of these coins cannot be found natively on any other hardware wallet, such as InsurePal and Iconomi, and even Xaurum. These are definitely some interesting choices, but it appears to work well for very specialized camps.
BC Vault – Conclusion
The bottom line is, the BC Vault is far different than the last handful of hardware wallets I’ve used. From the unboxing to the entirely different recovery process, to the highly secure wallet formatting has made this a true contender for the most secure hardware wallet on the market. If you want to “HODL” your coins safely and not have to worry about securing a recovery seed phrase, this might be the only hardware wallet you will ever need.
What do you think? Is there a more secure wallet out there? Let us know down in the comments!
The Crypto Renegade
NOTE: This post may contain affiliate links. This adds no cost to you but it helps me focus on giving as much value as possible in every single post by being compensated for recommending products that help people succeed.Post Views: 107
By Zach — 2 years ago
Is the new Ellipal Titan crypto hardware wallet all hype? Or is it the real deal? How secure is it? Why is it different than the Ledger Nano X or the Trezor Model T? Well, buckle up, because this wallet is far different than anyone I’ve used in a while and in a very good way. In fact, I would go as far as to say that this is probably my favorite hardware wallet of 2019. But why? What makes is so special? I am going to dive into that below in detail and what makes it so securely different than the original and most popular wallets out there today.
Before I jump into the nitty-gritty details of this wallet, I want to point out that in the week or so that I’ve used this wallet, I have actively moved over a handful of my larger holdings from other hardware wallets over to this one. This is for the obvious security advantages and wireless method in which you manage it, which I will explain below. With this cold wallet, you no longer need a computer to manage your offline holdings, and in a predominantly wireless world, this is becoming more and more important. Details will follow below, you will NOT be disappointed.
Let’s get right into the Ellipal Titan Review!CLICK HERE TO GET THE ELLIPAL TITAN AND ELLIPAL MNEMONICS METAL AS A DISCOUNTED BUNDLE FOR ONLY $198
ELLIPAL TITAN: WHATS IN THE BOX?
The Ellipal Titan device comes with the same items in the box as the Ellipal 2.0, with the only difference being that there is a magnetic adapter that connects to the bottom of the device. This adapter includes the charging port and SD card slot port for updating firmware and signing offline transactions. The Ellipal 2.0 device has these on the device itself, whereas the Titan has no ports or openings on it whatsoever, making it stronger and more secure.
CLICK HERE TO GET THE ELLIPAL TITAN AND ELLIPAL MNEMONICS METAL AS A DISCOUNTED BUNDLE FOR ONLY $198
- ELLIPAL Titan Cold Wallet
- Rechargeable battery
- Charging cable
- Mnemonics card
- Warranty card
- User manual
HOW DO YOU SET UP THIS AIR-GAPPED DEVICE?
This is very simple. It pairs with a mobile app that is available for iOS and Android. This helps you initialize and setup the device and generate all QR codes needed to transfer your funds from the hot wallet app, onto the cold storage device. This process is identical to the Ellipal 2.0 process, however, you now have access to longer PIN’s and extra security features. Additionally, since the device has a camera, transferring funds off of the device and back onto a mobile wallet is very secure and convenient as well.
The entire process only took me about 7-10 minutes from start to finish, including writing down your mnemonic phrase.
There is a full step-by-step setup guide for both Ellipal devices HERE.CLICK HERE TO GET THE ELLIPAL TITAN AND ELLIPAL MNEMONICS METAL AS A DISCOUNTED BUNDLE FOR ONLY $198
WHAT COINS ARE SUPPORTED?
This is always the section I check the most when reviewing hardware wallets, because although functionality and security are important, none of that matters unless it supports the coins you want to store offline. So here is the current list of supported coins and the one that are currently in development listed in the below picture.
This is the only wallet that supports over 26 different blockchains. With multiple tokens on the EOS, TRX, BNB, and of course ETH blockchain, there is plenty of room for expansion. Some of the unique coins that are supported on this hardware wallet NATIVELY that you won’t find on any other hardware wallet out there include: Cardano (ADA), Decred (DCR), Cyber Miles (CMT), and Smart Cash (SMART).
There are some oldies, but goodies (coins) that are currently in development that technically will work with 3rd party integration with wallets like Ledger and Trezor. I can’t express enough how important (and convenient) having native coin support on a hardware wallet is, especially a wallet as secure as this one. Some of my favorite coins that are coming soon are: Monero (XMR), Tezos (XTZ), SiaCoin (SC), and Nano (NANO). As I mentioned, some of these have 3rd party wallet integration currently elsewhere, but I’m personally waiting for these to be released here to move them over for easier management.
According to their website, they are also adding new coins every month and have consistent firmware upgrades, which is administered from a magnetic puck that is completely disconnected and attaches to the bottom and also has an SD card slot for signing transactions offline. This attachment is also how the device is charged as well. I have used this device for a little over a week now and I have yet to charge it yet.CLICK HERE TO GET THE ELLIPAL TITAN AND ELLIPAL MNEMONICS METAL AS A DISCOUNTED BUNDLE FOR ONLY $198
DECENTRALIZED EXCHANGE + FEATURES
I will briefly touch on this as it’s definitely worth mentioning. This feature allows you to not only have direct coin to coin conversion, but it also allows for staking, for instance on the upcoming Tezos support and other POS coins. This is all done in the app and you can swap them offline once you authenticate. Additionally, you can now earn interest on your USDT, for up to 7% annualized when you cold stake it your wallet. You never give up your private keys, so there is no risk. It’s honestly a win-win situation if you have USDT if you have it sitting on your cold wallet.
It connects to Binance DEX, which is a decentralized exchange and looks very promising. Additionally, you will be able to earn interest and manage your staking rewards offline in future firmware upgrades, which is a HUGE selling point for me.CLICK HERE TO GET THE ELLIPAL TITAN AND ELLIPAL MNEMONICS METAL AS A DISCOUNTED BUNDLE FOR ONLY $198
ELLIPAL TITAN – CONCLUSION
Overall, after using this wallet for only about a week, it’s been my favorite and most secure wallet I’ve used EVER. Now, I still use the KeepKey for trading and offline portfolio management for day to day transactions, and I still love that device (you can read the in-depth review HERE, if you haven’t already). However, I’ve moved a lot of my private keys over to this wallet due to it’s more secure secure nature and bull-proof form factor. The user experience is done exceptionally well, and supports some really unique coins and blockchains that you won’t find anywhere else.
The closest wallet to this in terms of security and form factor is the Cobo Vault, but this is 3X cheaper and holds a lot more coins. The outer shell is IP65 rated and can withstand drops and even getting wet via a splash or even the rain. It’d constructed in a VERY durable way, and feels extremely solid and well built when you hold it in your hand. It’s very satisfying.
Don’t get my wrong, convenience is also important, but Ellipal really brought a unique form of security to the table here by having a very rugged and durable device that has ZERO online connections. You can transfer your crypto funds between its companion hot wallet and vice versa anytime, but the cold wallet never goes online, which is really nice and gives me peace of mind.
For a limited time, you can also get their mnemonic metal recovery seed (a $49 value) for only $29 when you bundle it with the Ellipal Titan. That means you can secure your crypto and your recovery seed backup for under $200 all in. This is a STEAL, as this is something I practice myself and believe it is absolutely NECESSARY for any person who takes their crypto seriously.
I also wrote a review recently on the Ellipal Mnemonic Metal recovery seed backup device HERE, if you want to educate yourself on why they are so important. I will leave the special referral link below to get this device, and I for one am VERY excited to use it and see how “durable” it really is.CLICK HERE TO GET THE ELLIPAL TITAN AND ELLIPAL MNEMONICS METAL AS A DISCOUNTED BUNDLE FOR ONLY $198
What do you guys think? Have you ever used a device more secure than this for your crypto? Let me know below!
The Crypto Renegade
NOTE: This post may contain affiliate links. This adds no cost to you but it helps me focus on giving as much value as possible in every single post by being compensated for recommending products that help people succeed.Post Views: 137