How To Add Coins To Ellipal - Comparewise
How To Add Coins To Ellipal

How To Add Coins To Ellipal

The next thing that comes after setting up the Ellipal wallet is learning how to add coins to Ellipal. Ellipal is a hardware cryptocurrency wallet that offers all the benefits of a cold storage device.

To add coins to Ellipal, open your Ellipal hardware wallet and click on the “+” sign in the assets section. Select the coins you want to add and click “Ok.”

Head to the mobile app and bring up the scanner with the “+” icon. Click “Connect to App” on the wallet and scan the shown QR code with the mobile app to successfully add your coins.

Read on to learn about the coins Ellipal supports and how to stake coins on Ellipal.

How to add coins to Ellipal

The process of how to add coins to Ellipal is an easy one. However, it requires both the Ellipal hardware wallet and its mobile app to work. In this section, we’ll walk you through the process of how to add coins to Ellipal.

  1. Open your Ellipal hardware wallet and head to the “Assets” section.
  2. Click on the “+” sign to bring up the coins on the device.
  3. Choose the assets you wish to include, and once you’ve made your selection, hit the “OK” button. The “Backup Successful” notification will appear after this.
  4. You should now go back to using the Ellipal app on your smartphone. Once there, navigate to the “Assets” section.
  5. Click the “+” icon, and a scanner will appear on the screen.
  6. At this point, you’ll go back to the Ellipal hardware wallet and click on the “Connect to App” icon. This will bring up an app connection QR code that can be used to connect to the mobile app.
  7. Scan the QR code on the hardware wallet with the Ellipal mobile app.
  8. Once the scan is successful, you’ll see that the coins you want to add have been added.

What coins does Ellipal support?

Apart from wondering how to add coins to Ellipal, some traders also have this question: “What coins does Ellipal support?” As you’ll see, a great variety of coins can be stored in this hardware wallet. You’ll also see the coins you can store, purchase, and swap on the Ellipal platform.

CoinStorePurchaseSwap
Solana (SOL)YesNoYes
Hedera (HBAR)YesNoYes
Bitcoin (BTC)YesYesYes
EthereumYesYesYes
Tether (USDT)YesNoYes
Cardano (ADA)YesYesYes
XRP (XRP)YesYesYes
Dogecoin (DOGE)YesYesYes
Bitcoin Cash (BCH)YesYesYes

Apart from these coins, Ellipal also stores and swaps some ERC20 tokens, like:

  • Populous (PPT)
  • Ox Protocol (ZRX)
  • Maker (MKR)
  • Salt (SALT)
  • Bancor (BNT)
  • DENT (DENT)
  • Decentraland (MANA)
  • TBOT (TBT)
how to add coins to ellipal - comparewise

How to stake coins on Ellipal

Ellipal allows its users to stake 5 coins on its platform. These coins include Tezos (XTZ), Cosmos (ATOM), Polkadot (DOT), Cardano (ADA), and Kusama (KSM). In this section, we’ll show you how to stake coins on Ellipal.

How to Stake Tezos (XTZ) on Ellipal

  1. Connect your Ellipal mobile app to the hardware wallet.
  2. On the mobile app, select Tezos from the assets to add it.
  3. Choose your Tezos account and select “Staking.”
  4. The next step will be to select the delegate nodes. HashQuark is the recommended node for this purpose.
  5. First, you must input the amount you are interested in staking. Following that, press the “Delegate” button.
  6. Afterward, you’ll return to the Ellipal wallet and select “Tezos.”
  7. You will need to sign the transaction by utilizing the QR code. Once done, tap “Complete” on the mobile app to finalize the process.

How to Stake Cosmos (ATOM) on Ellipal

  1. Connect your Ellipal mobile app to the hardware wallet, and on the app, add “ATOM.”
  2. Select your ATOM account, then opt for the “Staking” option.
  3. Click on “Delegate” and pick the delegate nodes you prefer. Remember that there are different delegate nodes to choose from with differing reward rates.
  4. Input the number of ATOM tokens you’ll be staking.
  5. Click “Delegate” and go to your Ellipal hardware wallet. Choose ATOM and use the QR codes as signatures.
  6. Click your mobile app’s “Complete” button to complete the ATOM staking process.

How to Stake Polkadot (DOT) on Ellipal

  1. Open your Ellipal app and select your DOT account from the options shown.
  2. Select “Staking” and click “Bond.”
  3. Input the quantity of DOT you intend to stake.
  4. Use the QR codes on the Ellipal wallet to sign and complete this transaction.

How to Stake Cardano (ADA) on Ellipal

Ellipal is also a part of the Cardano staking pool. So, you don’t need to move your ADA. Instead, you’ll just select the equity pool, authorize the pledge mandate, and you can participate. Remember that you need 4 ADA or more to stake it.

  1. Choose “ADA” on your Ellipal mobile app.
  2. Go to the staking page and click “Delegate.”
  3. Select the pool in which you wish to stake your ADA coins.
  4. Select “Delegate” and confirm the transaction by signing it using the QR codes on the Ellipal hardware wallet.

How to Stake Kusama (KSM) on Ellipal

  1. Open your Ellipal mobile app and choose your KSM account.
  2. Select “Staking” and click “Bond.”
  3. Input the amount of KSM that you wish to stake.
  4. Use the QR codes on your Ellipal wallet to verify the transaction and complete the stake.

How to add coins to Ellipal conclusion

The procedure for how to add coins to Ellipal is straightforward, and anyone can accomplish it. With this process, you can add any coin that’s supported by the Ellipal Titan hardware wallet.

When you follow this procedure for how to add coins to Ellipal, you’ll ensure that the safety of your assets is not compromised.

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FAQs about how to add coins to Ellipal

How do I add ERC20 tokens to my Ellipal wallet?

Ellipal's mobile app acts as a bridge for storing ERC20 tokens inside the wallet. To do this, you’ll need to visit the “Assets” section, select the “ETH” icon, and click on the “+” icon. To add ERC20 tokens, simply choose them from the options and finish the transaction. You can enter their contact address in the search bar if you don't find your desired ERC20 tokens in the "Assets" section.

Is it safe to stake my coins on Ellipal?

Yes. It's safe to stake coins on Ellipal, as it's an air-gapped wallet. The primary benefit of being a cold storage device is that it's not connected to the internet, so internet hacks are impossible. This hardware wallet uses only a QR code for connections, so its communication systems are secure.

What advantage does staking with Ellipal offer me?

Staking allows owners of cryptocurrencies to earn from locking up their coins, and Ellipal makes that process safe. That's because locking up cryptocurrency requires transferring it over to a blockchain. With Ellipal's air-gapped security, the threat of hacks is lowered.

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July 23, 2023
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