In this day and age, if you are serious about cryptocurrency, it is almost common sense to get yourself a hardware wallet. Most of you probably already have one to keep your keys safe and offline.
If you do not know what is a hardware wallet, they are devices that help you keep your private keys offline from hack-able devices like a computer or a mobile phone. It is important to take care of your private keys because your bitcoins = your private keys. Your coins are not yours if you don’t hold your own private keys.
So if you already have a hardware wallet, that’s great! However, it is far better to have two, here’s why:
1) Its important to keep a back up
Your coins are valuable so why not keep a back up? If you manage to lose or damage your hardware wallet, you can always recover them using the seed key on the back up wallet. You may say that you can always order a new one but what if you need to access your coins now? Downloading an online wallet App to use first will not do as you will be compromising all of the security. Moreover, most hardware wallet providers gives special price if you order two together so you could be saving money than buying a backup later.
2) Keep them as clone wallets
It is possible to have two wallets to be keeping the same private keys as one another. This way you can always keep one with you wherever you go and have one at home for safety purposes. If your wallet gets stolen or lost, you can always have your clone wallet to transfer your coins to a new account. This is very important for those that have invested a lot in cryptocurrency.
3) Spread the risks
The prices of your coins are sure to rise making your assets now incredibly important and valuable. Its best to have as many keys as you see reasonable to spread the risk of losing them. Although one ELLIPAL can store multiple private keys, it is still a good idea to spread your funds between two wallets.
Having two hardware wallet keeps your mind at peace and it is also very practical. Especially, if you are using the ELLIPAL, it would be a very satisfying experience. ELLIPAL is completely isolated and works seamlessly with your mobile App. You will never have to worry if a public network will hack your keys anymore because ELLIPAL cannot be connected to any network. You can also send or exchange your coins with just a few simple QR code scans making the ELLIPAL extremely portable.
Be satisfied with the experience of taking and accessing your private bank any where while not having to worry about losing it as you already have a back up at home!
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