ELLIPAL, Ledger, Trezor and SafePal hardware wallets are among the most popular hardware wallet users. However, in addition to the general property - reliable protection of your crypto assets (first of all), these wallets have some differences. Let's compare their main parameters and consumer properties.
Ledger Nano S
Ledger is one of the most well-known brands in the hardware wallet market thanks to it being one of the first brands to establish itself. Users like the Ledger Nano S for its affordable price and simple design that looks like a USB. To use the Ledger Nano S, the user must download a Ledger Live App to their PC and set up the wallet through the PC. The Ledger Nano S has 2 buttons and a small screen on the device that is used for authorization during wallet creation and transactions. However, some users may find the small buttons and screens difficult to navigate.
Although the Ledger Live App is well-made and simple to use, there is one major issue with the Nano S that users may find frustrating. To store a certain coin on the Nano S, users must manually install an APP for that coin from the Ledger Live App into the Nano S. Only 5 Apps can fit into the Nano S at a time meaning the Nano S can only hold 5 currencies at a time. This means you will need multiple Nano S if you are holding many currencies.
Pros: Popular brand, affordable price, small size, Ledger Live App is simple to use.
Cons: Must be used with PC through USB cord, must keep installing and uninstalling Apps, small buttons and screen.
Ledger Nano X
Ledger Nano X The upgrade for the Ledger Nano S but also comes with a bigger price tag. It also comes with a larger data storage so more Apps can be installed inside the Nano X at once and some major currencies are already pre-installed. The biggest change of all is that you can now access your coins through the Ledger Live smartphone App instead of your PC and it works with the Nano X through Bluetooth. Being able to use the Ledger wallet through their smartphone is a big plus for many users.
Pros: Support smartphones users.
Cons: Data storage is still limited, Bluetooth connection can be a security risk.
ELLIPAL Titan Cold Wallet
ELLIPAL is a cryptocurrency wallet start-up that started selling its hardware wallets in 2018. It quickly gained popularity among hardware wallet experts because it came with a new and effective security design not used before in hardware wallets - true air-gapped security.
Air-gapped refers to a device that cannot be connected to any online networks or any devices - this includes WiFi, Bluetooth, USB, Cellular connections, and so on. This means the ELLIPAL Titan is protected from every type of online attack which makes it incredibly secure compared to other hardware wallets. While the Ledger may carry risks when it connects with Ledger Live App through USB or Bluetooth, the ELLIPAL Titan eliminates that risk.
Another big plus for the ELLIPAL Titan is that its frame is completely made out of a single piece of metal making it incredibly strong. If a hacker tries to crack it open, it will inevitably leave obvious damages. It also has anti-tamper capability, meaning the device can automatically delete every data when it detects a breach. This is huge security plus compared to other wallets as it can protect you against actual thief and supply chain attacks.
Last but not least, the ELLIPAL Titan also pinpoints one pain point Ledger users have which is not being able to access many currencies at once. On the ELLIPAL Titan, you can create multiple accounts on one device and each account can hold every coin that the ELLIPAL supports. No need to install anything which is very convenient.
The ELLIPAL is also very easy to use for every age group as it got a large touch screen. You will need to download the ELLIPAL App for your mobile phone. It works similarly to the Ledger and the Ledger Live but the main difference is that ELLIPAL uses QR code to communicate with the App instead of USB or Bluetooth.
Pros: Very high-security thanks to being air-gapped, Protects against physical attacks, can store many currencies under one account.
Cons: Priced a little higher than the Ledger, has some weight to it as it is made out of metal.
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Trezor Model T
Trezor is the first company to sell hardware wallets and is loved by early adopters of cryptocurrency. It is created by Satoshi Labs - a very capable development team and the software is open-sourced. The Trezor is used more by experts in comparison to beginners as it is not as simple to set up. However, the software gives you plenty of freedom, for example, you can connect it to other wallets such as Mycelium, Metamask, meaning it is not bound only to the Trezor App.
The Trezor Model T comes at a high price but it does have a small touch screen to input digit pins and a USB port to connect with a PC or phone.
Every Trezor has a PIN code that never leaves the wallet. It makes sure that if the PC or phone the wallet is using is compromised, the PIN will not get stolen. The PIN system in Trezor also has an inbuilt system that prevents any brute-force attempts. After each incorrect guess, the waiting time between the guesses is raised by a power of two. Making 30 guesses will take as much as 17 years. This makes it very difficult to hack the Trezor without knowing the PIN code.
Pros: High-profile development team, has a strong history in the crypto space, touch screen.
Cons: High price, not wireless, not resistant to physical attacks.
ELLIPAL Titan vs SafePal
ELLIPAL hardware wallets and the SafePal are among the most popular among hardware wallet users. However, in addition to the general property - the presence of an air gap, these devices have some differences. In addition, they are strong competitors to the industry leaders - Ledger and Tresor hardware wallets. Let's compare the main parameters and consumer properties of ELLIPAL and SafePal.
SafePal is also a hardware wallet company that launched its first model, Safepal S1 in 2020. There are many similarities between these wallets but there are also strong differences that pull them apart. In this article, we will compare the two hardware wallets on the points that matter to you, as a trader.
What the ELLIPAL Titan and SafePal S1 have in common is that both works without needing to physically connect to a computer via a USB cord or to a mobile phone via Bluetooth. This makes the system air-gapped because it will never get a chance to connect with anything online and risked getting hacked. This can be compared to other hardware wallets such as Ledger or Trezor that have to be linked with a PC to use. In this case, both Ledger and Trezor are not air-gapped.
Nonetheless, hardware wallets still need to be able to transfer data to an online proxy to allow the user to access their crypto. Instead of USB or Bluetooth connections, hardware wallets like ELLIPAL and SafePal use the QR codes scanning method and uses.
Being air-gapped brings many security benefits including it being impossible to be hacked through any online means. For example, if your computer is hacked, connecting a hardware wallet to access your funds via the computer may lead to your wallet being hacked and crypto being stolen. This is because the hacker can find a way to access your hardware wallet the moment the connection with the computer is established. For wallets like ELLIPAL, there is no connection so hackers can't gain access.
The hardware is where the ELLIPAL Titan and SafePal S1 see a lot of differences. The ELLIPAL's system is placed inside a strong, 100% one-piece metal frame. A touch screen is then placed on top and sealed tightly to create a strong seamless piece of hardware. On the other hand, the SafePal S1's is made out of plastic and has a small screen and navigation buttons. Both devices have batteries inside for charging and a camera for QR code scanning.
A special feature about the ELLIPAL that many other hardware wallets don't have is its anti-tamper and anti-disassembly features. If a hacker or a thief tries anything to access the system such as prying it open, the ELLIPAL's system will detect it and automatically deletes every data on the wallet and make the wallet unusable. This protects the data of the user and also prevents crimes like supply-chain attacks. Users who received an ELLIPAL can always be sure that the wallet is safe to use because if it has been hacked or modified before, it won't be usable the moment you received it.
In top of that, the ELLIPAL is already very difficult to pry open thanks to how it is manufactured. If a hacker successfully pries it open, it will leave serious physical damage; and as you may know, nobody uses a damaged wallet.
ELLIPAL currently supports 40 blockchains and all of their tokens while Safepal supports 20 blockchains and all of their tokens. ELLIPAL is now supporting more coins than SafePal.
ELLIPAL Titan vs SafePal: Conclusion
The ELLIPAL Titan and SafePal S1 are both very secure considering their air-gapped protection. In terms of protection from online attacks, they are more secure than both the Ledger and Trezor. They are also easy to use as users only need to download an APP on their phone and use it by only scanning QR codes.
However, the ELLIPAL Titan stands out due to its solid metal build that makes it strong against physical attacks and supply chain attacks as well. It is easy to not worry about dropping the ELLIPAL or damaging the ELLIPAL compared to the SafePal. ELLIPAL also has double the coin support as SafePal meaning users will have more choices if they use the ELLIPAL.
ELLIPAL Titan is known for using a technical solution to ensure the security of a hardware wallet - an air gap. The air gap isolates your hardware wallet physically, electromagnetically, and electronically.
While most hardware wallets use USB or Bluetooth, ELLIPAL Titan with its ELLIPAL app only uses QR codes to sign transactions. ELLIPAL Titan is incompatible with Wi-Fi, Bluetooth and cellular, blocking all physical connections.
This feature is the main feature of the wallet and its main competitive advantage over some other hardware wallets (Ledger Nano S, Ledger Nano X, Trezor Model T).
Thus, it protects your device from network and remote attacks, and using a self-destruct mechanism - from unauthorized access during possible autonomous attacks. If he finds a serious violation, he will delete all information (private keys) stored inside. You always have the seed to rebuild your wallets, if that happens, of course.
The ELLIPAL Titan has a 4-inch color touchscreen, so you can easily customize it and see clearly all the transactions you sign.