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By Zach — 3 years ago
In this article, I am going to tell you in detail why I’m excited for Shapeshift’s new unified platform. I remember when I decided to start this site back in 2016 and was fairly new to the cryptocurrency ecosystem. Once I spent over 100 hours researching all facets of this new technology, I knew that cryptocurrency was the future. However, I had read so many scary articles about how people were losing their Bitcoin from so many exchanges, including the infamous Mt. Gox that notoriously lost over 800,00 Bitcoin (valued at around $473 Million at the time).
As I dove down the rabbit hole even further, I came across “Cold Storage” and how it was vitally important for any person who takes their cryptocurrency holdings seriously. It made perfect sense, you need to keep your private keys in your possession at all times and have it stored offline, so it cannot be subject to an online hack or be exposed to nefarious individuals.
It was at this time that I had the bright idea that I wanted to find a way to become a reseller for these wallets, as it seemed to me that this market was going to be huge. Logically, cryptocurrency adoption was inevitable and EVERY single person who owned cryptocurrency will need one of these cold storage wallets. The mere idea of someone being able to “Become your own bank” and the concept of permissionless finance was fascinating to me. And so it was, BitcoinLockup.com was born.
As I started researching and buying these wallets to use for myself, I found the market trusted and used (at the time) only 3 hardware wallets: Trezor One, Ledger Nano S, and Keepkey. They all have their pros and cons, but there was definitely one that stood out above the rest, and it was Keepkey. Why? Well, the devices that Ledger and Trezor had available at the time were cheap, flimsy pieces of plastic that were difficult to use and had a horrible UX.
Keepkey felt like the top of the line, premium version that was being under served in the marketplace. In fairness, the altcoin support was far behind the other two when I was comparing them in October 2016. However, over time you start to realize that even with your trades and gains, that coins that have a higher market cap and network stability tend to be what you want to store longer term anyways.
That’s not to say that altcoin support is not important, (because it is) but I know first-hand that it takes incredible resources and operating capital to run nodes and support these new coins and tokens that come out seemingly everyday. Not to mention the developer resources necessary to build and maintain a quality user experience, so I completely understand Shapeshift’s strategy.
Now, onto the new Shapeshift platform! First off, I will say that they are currently in a closed beta, so I have not used it personally yet, but I’ve been researching it like crazy. If you want to gain early access to the beta before the masses, use this link to sign up.
As an avid Shapeshift user myself, I have always enjoyed the simplicity and ease of use that using an instant coin exchange offered. I am now even MORE excited that it is going to integrate with my Keepkey and make managing my cold storage assets even easier. (Watch out Ledger and Trezor)
ShapeShift’s New Platform
When your private keys are stored offline and never leaves your device, it is inherently safer. However, with security you often sacrifice convenience. This has been a trade-off that today’s society has a hard time understanding and accepting. We’ve been conditioned with really, any product or service, that we want it now!
Having said that, I am excited to gain access to the closed beta as soon as possible as I anticipate this will solve a myriad of problems that people have had so far using the device. I am very optimistic about this massive update and I will list the key advertised features below:
1.) Shapeshift Trading – You can seamlessly buy, sell, or trade dozens or crypto assets directly in the platform. Trading is non-custodial, so there is no need to trust a third party. This is a MASSIVE plus and a differentiator from any other exchange out there.
2.) Hardware Security – Utilize the best practice of offline security. Retain control of your private keys while enjoying an intuitive web interface. This is the best of both worlds and I will add that this is not currently possible on any other hardware wallet platform currently.
3.) Real Time Market Data – Get real-time market prices and historical data without ever having to leave the interface. This means no extra tabs or historical charts from any other 3rd-party site that you have to toggle between to get the data you need. This allows you to enjoy a beautiful ad-free experience.
4.) Portfolio Performance – Visualize your portfolio performance through graphs, sparklines, and real-time value movement. View your dashboard balances at anytime, anywhere. Your hardware wallet only needs to be connected for signing transactions.
I’ve always been a firm believer that the quickest way to crypto mass adoption is to have a fluid, seamless, and extremely easy user experience. I have used virtually every hardware wallet currently on the market and there are always trade-offs and things you wish they had, but I personally believe that Shapeshift has cracked the code to exchanging, managing, and securing your private keys better than every other solution on the market.
If you need any personal advice on the Keepkey device, please feel free to comment below or email me at the “Contact Us” page at the top and I’d be more than happy to help!
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: 533
By Zach — 3 years ago
Is the new Ellipal Titan crypto hardware wallet all hype? Or is it the real deal? In this article we are going to take a FIRST LOOK at the mobile hardware wallet. So, the Ellipal Titan appears to be a very unique and interesting cold storage hardware wallet and is the second generation wallet after the Ellipal 2.0 wallet and is unlike any other hardware wallet on the market.
This device is currently available for pre-order and should start shipping it’s first units by mid-August of this year, so make sure to check out the bonuses for pre-ordering with the special referral links I will have below. This is known as the only “True” offline hardware wallet.
It has zero ports, USB connections, Wifi connections, Bluetooth connections, Cellular connections and NFC connections. This thing is built like fort knox! It has a form factor similar to that of Cobo Vault, but I will have a written review for that device HERE.
So how do you use it if you can’t connect it? QR codes. The device has a camera and a 4-inch full touchscreen and resembles a small android smartphone. It connects with a smartphone app where you can transfer funds between the hot wallet to the air-gapped device almost instantly through scanning the QR code. Very cool.
Before we dive deeper into the details of this device and how it differs from other crypto hardware wallets out there, I want to make sure you get the free download of my e-book “5 Best Ways To Secure Your Cryptocurrency“. This a comprehensive guide to how to best manage and secure any cryptocurrency you currently have, whether you are a beginner or a crypto veteran! Let’s get right down to the Ellipal Titan!
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.
- ELLIPAL Titan Cold Wallet
- Rechargeable battery
- Charging cable
- Mnemonics card
- Warranty card
- User manual
Ellipal 2.0 Vs. Ellipal Titan
So this device is similar in it’s form factor to the Ellipal 2.0 device, with some key differences. Firstly, this device built for Anti-Tampering, Anti-Disassembly, and Anti-Theft protection. What does that all mean? Well, to put it simply, this thing is cannot be pried open with any tools like a screwdriver, hammer, etc…
Ellipal Titan has a self destruct mechanism in place, so that if the screen is tampered with or crushed or broken in an attempt to gain access to it’s internals, it will break a special circuit board that holds all your private keys. This is powerful. Additionally, it’s very sturdy, so not only is it IP65 rated for dust and water resistance, but its made out of a very strong single piece of metal that houses and encompasses the entire device.
The Ellipal Titan is specifically designed against evil maid of supply chain attacks so nothing can be imported or inserted as there are no open access ports on the device.
The Ellipal 2.0 is still a very strong and secure device, but it does have a durable exterior that is built for abuse, and it also has an SD card slot for updating it’s firmware on the device and also has a charging cable port, so there are 2 entry points. Again, still very secure, but the Ellipal Titan is really a massive upgrade.
How Do You Set Up An 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.
There is a full step-by-step setup guide for both Ellipal devices HERE
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.
Currently, all coins will be supported fully by both devices. They are also developing new coin support as well with frequent firmware updates. This includes: Tezos (XTZ), Zcash (ZEC), NANO (NANO), STEEM( STEEM), and NEO (NEO) just to name a few.
Decentralized Exchange Support
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.
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.
Overall, I’m very excited to get this device in my hands and write an in depth review on it. I already pre-ordered the device for $149 and I expect to receive it 3-5 weeks when it’s released. This appears to be a truly unique and air-gapped hardware wallet experience and security is really what it comes down to.
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 cool.
For a limited time, you can also get a FREE mnemonic metal recovery seed (a $49 value) when you pre-order the device. 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 a few metal recovery seed wallets and my favorite one 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.
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: 935