# Offline Cryptocurrency Backup Devices The ELLIPAL Mnemonic Metal Works with BIP39 Wallets By Michael Hemsworth | Published 2019-06-10 | Lifestyle Source: Trend Hunter, https://www.trendhunter.com/trends/cryptocurrency-backup References: [gadgetify](http://www.gadgetify.com/ellipal-mnemonic-crypto-backup/) & [ellipal](https://www.ellipal.com/products/ellipal-mnemonic-metal-best-backup-for-your-hardware-wallet) The ELLIPAL Mnemonic Metal cryptocurrency backup device is an offline device that will enable users to keep their [private keys protected](https://www.trendhunter.com/trends/secux-neo-x) without the need for any third-party software. Crafted from durable materials, the unit can be customized with 24 word seed phrases that make it compatible with BIP39 wallets. The device is completely fireproof, waterproof and even insect-proof to eliminate security concerns for users who want to ensure their funds are always accessible when they need them. The ELLIPAL Mnemonic Metal cryptocurrency backup device comes with a screwdriver and letter board to let users manually integrate their passwords into the unit. The device can then be [secured with a lock](https://www.trendhunter.com/trends/in-my-pocket) to prevent unauthorized users from accessing the information. ## Trend Insights (Trend Hunter) - Score: 3.9/10 - Popularity: 48% | Activity: 60% | Freshness: 8% - Audience gender: 50% men, 50% women - Primary generations: Millennial, Gen X - Top markets: North America ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [Lifestyle](https://www.trendhunter.com/lifestyle) > [Credit Crunch](https://www.trendhunter.com/creditcrunch) ## Key Themes ### Why This Trend Is Growing - **Offline Cryptocurrency Backup Devices:** The rise of offline cryptocurrency backup devices presents disruptive innovation opportunities particularly in the fintech industry. - **BIP39 Wallets:** The increasing compatibility of cryptocurrency backup devices with BIP39 wallets creates opportunities for companies operating in the cybersecurity and blockchain industries. - **Fireproof and Waterproof Cryptocurrency Backup Devices:** The development of fireproof and waterproof cryptocurrency backup devices presents innovative opportunities, particularly in the insurance and storage industries. ### Industries Being Reshaped - **Fintech:** The fintech industry can capitalize on the opportunity presented by the rise of offline cryptocurrency backup devices to enhance security. - **Cybersecurity:** Companies operating in the cybersecurity industry can take advantage of the increasing compatibility of cryptocurrency backup devices with BIP39 wallets. - **Blockchain:** The blockchain industry can leverage the compatibility of cryptocurrency backup devices with BIP39 wallets to develop new solutions for secure storage and transfer of cryptocurrencies. ## Related on Trend Hunter - [Encrypted Digital Currency Wallets](https://www.trendhunter.com/trends/keypal-hardware-wallet.md) - [Offline Password Manager Devices](https://www.trendhunter.com/trends/atlancube-passwordpocket.md) - [Ultra-Secure Cryptocurrency Wallets](https://www.trendhunter.com/trends/keystone-pro-hardware-wallet.md) - [Easy-to-Use Cryptocurrency Wallets](https://www.trendhunter.com/trends/prokey-optimum.md) - [Titanium Cryptocurrency Key Wallets](https://www.trendhunter.com/trends/cryptotag-zeus-starter-kit.md) - [Dual-Chip Cryptocurrency Wallets](https://www.trendhunter.com/trends/bitbox02-cryptocurrency-hardware-wallet.md) - [Micro Ultra-Secure Crypto Wallets](https://www.trendhunter.com/trends/ryder-one-hardware-wallet.md) - [Digital Asset-Focused Physical Vaults](https://www.trendhunter.com/trends/physical-vault.md) - [Attack-Thwarting Crypto Wallets](https://www.trendhunter.com/trends/secux-neo-x.md)