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By Zach — 2 years ago
Ellipal Titan vs BC VAULT! In this comparison, we are going to do a head-to-head of two of the most competitive and popular new cryptocurrency hardware wallets in this edition of the hardware wallet roundups.
I am going to dive into which of these hardware wallets is better and more secure. How big is your portfolio? Do you need mobile AND desktop support? Do you use any 3rd party wallets for integration? Do you need web-based access instead of a required download?
These are all questions you will need to consider when deciding which of these wallets will be best for you. At the end of the day, the coin support is one of the most important factors (besides security) when deciding which hardware wallet is best for you.
Ultimately, if it doesn’t support the coins you want to store offline, it won’t work for your particular situation. So keep that in mind as we dive into what I consider to be the most important factors when making such an important decision, such as choosing a cryptocurrency hardware wallet.
Ellipal Titan: Overview
This is a really unique device and has a very robust form factor that has ratings that rival that of some high-end smartphones. What separates this hardware wallet from the majority of other popular wallets is it’s communication method. So, what do I mean by that? This device has NO: USB Connection, NFC Connection, WiFi Connection, Bluetooth Connection, or Cellular Connection. So, how do you use it? The short answer is: QR Codes.
Ellipal Titan: Security
This is a 100% air-gapped device, so ultimately it is more secure than any other way to interact with a hardware wallet. Period. The device has a tamper-resistant enclosure that includes a self-destruct mechanism for any potential way to access the internals of the device.
It is built in such a way that if anyone tries to break the screen or drill a hole through the device in an attempt to open its internal layout, the private keys will be erased. This is extremely powerful and will ultimately deter people from trying to hack this completely wireless device.
Ellipal Titan: User Experience (UX)
This hardware wallet has a camera, a 4-inch full color display, and does not display any balances on the device itself. The portfolio management and execution of the device is managed via a companion iOS and Android app that is used to initiate transactions and allows you to utilize the camera from your smartphone to transfer funds securely to the cold wallet, and vice versa.
I have been using this device for several weeks now, and in my personal opinion, it has been super easy to use and also very secure. I like knowing that my device is essentially indestructible and does not require any other 3rd party connection in order for it to function. This not only makes it very convenient, but it also very secure and eliminates room for error when typing or copying pasting wallet addresses that you are trying to transact with.
Ellipal Titan: Coin Support
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.
BC VAULT: Overview
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.
BC VAULT: Security
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.
BC VAULT: User Experience (UX)
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.
BC VAULT: Coin Support
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.
Ellipal Titan vs BC VAULT: Conclusion
This is a really close call. Each of these wallets have some unique features that I use for different use cases. When it comes to the BC VAULT, I can securely share this wallet with multiple people and it’s honestly the best user experience when it comes to multi-sig on a hardware wallet. Period.
When it comes to the Ellipal Titan, the completely wireless and air-gapped security is extremely compelling. It makes it very easy to use on the go, and not be tethered to a computer. The ease of use and over user experience is much improved from the last iteration of this product and I personally have been using this for long term “hodling” lately, and as a single user with no need for multi-sig on this type of device, it’s been extremely pleasant to use.
At the end of the day, these are really built for two different use cases (in my opinion), but both have great coin support and have very unique security features that set them apart from the rest of the pack.
If I could only choose one and I didn’t specifically need multi-sig for a specific reason, I would go with the ELLIPAL TITAN. I’ve used almost every single hardware wallet on the market and the ease of use and peace of mind is enough to make me feel secure and makes it easy to send your private keys offline. You really can’t go wrong with ANY of these wallets, but just think about how you want to manage your crypto assets on a regular basis.
What do you think? Would you choose the BC VAULT over the D’CENT Wallet? Let us know down below 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: 44
By Zach — 2 years ago
Is There A Hardware Wallet That Can Store All The Top Cryptocurrencies? I get this question a lot, and to be honest, there is no clear way to answer it. It ultimately depends on what you believe is the “Top Cryptocurrency”. As a newcomer into the cryptocurrency market, you start to learn the best practices for managing and storing cryptocurrencies and you will inevitably find that yes, a hardware wallet is your safest and best choice. The second question that usually follows that is, “What is the best one? Which one should I buy?”
The answer is not so simple, but I will lay out some of the pros and cons of each of the featured cryptocurrency hardware wallets being promoted and offered through this website, because they have been personally vetted by myself and my team. Each wallet will support different variations of altcoins, but all of them support 3rd party wallet integration such as MyEtherWallet and Mycelium. These are commonly used for ERC-20 token support and most upcoming STO’s will be supported as well as a lot of them are supported by the same protocol.
There is currently no hardware wallet that supports every single “Top Cryptocurrency By Market Cap”. Why? Well for one, the market cap rankings tend to shift almost everyday based on trading volume and various product releases, news events, protocol, and network upgrades. However, there have been some pretty consistent coins that, until recently, haven’t had hardware wallet support such as Monero or Ripple.
I am going to list the 3 major hardware wallets below: Trezor, Ledger, and Keepkey. With them, I will have some recent support added to each wallet and a link to each wallet’s fully supported coin list.
This should answer the general questions you have about coin support and you will be able to identify if there is a particular coin you are searching for and whether or not it’s supported. Please note that each wallet is constantly updating support for new (and old) altcoins to be supported, so this list may be outdated as soon as a few months.
There are two versions of Trezor: Trezor One and Trezor Model T. The former is the entry level device that came out 2013 and has since received regular firmware upgrades enhancing it’s security and adding new software support for native and 3rd party applications for new coins. In 2018, they released their 2nd-gen product called the “Model T“. The latter is a larger device with touch screen and is operated by a “Beta” wallet that supports over 1,000 coins between it’s native applications and 3rd party integration.
Most recently, they added NATIVE support (which is a huge upgrade in my opinion) for Ethereum (ETH) and Ethereum Classic (ETC). This means it is connected to its unique application that was custom designed by Trezor to manage your ETH accounts directly in the app. Previously, any ETH or ERC-20 based token required to use a 3rd party wallet, which was annoying and cumbersome.
I understand there is a lot of development work that goes into creating and managing any native app, but Ledger and Trezor already had native support for this, (as they should) considering it’s been in the top 3 coins by market cap consistently for years.
Bottomline: They have upgraded some basic functionality, which is good, and to their credit they have added support for some coins that really need it, such as Monero and Tether. This is of course when their team collaborates and helps build a supported wallet to tie into their code base. They have been building a foundation for the future and that is going to work in their favor as soon as each coin’s respective dev team decides to catch up.
-Binance Coin (BNB)
-Tether (USDT) *Stable coin*
Keepkey has always been a favorite of mine, as it’s a solid design and very sleek and stable frame that just feels good when you hold it in your hands. Now let’s get into the nitty-gritty. For years, Keepkey only supported: Bitcoin, Litecoin, Ethereum, Namecoin, Dogecoin, and Dash.
For a hardware wallet that needs to compete in this market place, that needed a serious upgrade. Luckily, they have been making some AMAZING changes and not only added a ton of ERC-20 Support, but more importantly, they are revamping their entire platform to have one fluid, seamless application that integrates all of their core services (See my previous post for details on this).
This is extremely powerful, and a decision that I believe will catapult them ahead of the competition. They are currently in a closed beta, and it is expected that they will be releasing this later in 2019. Stay tuned for news on this.
Bottomline: Keep an eye out for the newest upgrades and the new platform that is coming soon. I hope to gain access to the private beta soon, and if given access, I will ask permission to write a review for your guys.
-Basic Attention Token (BAT)
-TrueUSD (TUSD) *Stable coin*
Ledger is considered “The most recommended hardware wallet” on the market. The simple reason for this is because it’s cheap (low barrier to entry) and they have been working on upgrading their infrastructure and recently released Ledger Live, which is their new desktop (and iOS) application for managing all of your coins. This is much better than their previous solution of using a chrome extension to access the UI, but Ledger Live is not without it’s quirks.
Overall, the UI is pretty clean and is pretty straight forward in terms of first time setup and detects your device when it’s plugged into the USB port and asks you to authenticate to view the app. The one thing most people don’t understand is the Ledger Nano S has very little RAM, so even though they advertise that it supports over 1,100 coins, you can only have approximately 8 or 9 coin apps installed at once on your device. You will want to make sure you choose your coins wisely and perhaps get multiple devices if you want to diversify and/or use a 3rd party wallet as mentioned above to manage more coins on the same device.
Bottomline: It’s not perfect, but it has made some good improvements over the last year and is continually updating it’s coin support. I will list below some of the coins that are supported on Ledger currently that are not yet available on other platforms, which brings it’s edge.
-USD Coin (USDC) *Stable coin*
I realize that may not answer all of your questions or solve all of your problems, but it really just comes down to preference. If you already know what coins you plan to accumulate, then I would click the links under each section that has the “Newest Notable Coins Added” to a link to each coin supported by each wallet, currently. I use every single one of these and have different coins on each depending on what my needs are and what exchange I accumulate them from.
It might be a good idea to place your wallets in terms of “buckets”. What I mean by that is if you plan to trade and hold long term, perhaps it’s best to have one wallet for each purpose. This not only allows you to diversify, but it keeps things organized based on what your short term and long term goals are for accumulating and for accessing exchanges.
If you have any questions or comments on this post, please sound off below! I’d love to hear from you! Until next time…
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: 15