Topic: ⭐⭐ Elysium Wallet - Full control, zero trust - made in switzerland ⭐⭐ (Read 692 times)

I think that this is a great opportunity for the team to publicize the application and make it known as much as possible so this signature campaign is an excellent job that they are doing in addition to the fact that the product is truly a bomb

yes, in fact, thanks to the signature they are making, I must say that the wallet is gaining popularity and its adoption in the market is growing, it is true that there are many of them but I must also say that this is an excellent product which, if advertised correctly, can do many beautiful things

I recently download the apps, haven't play around it though, but the design is slick, and then you login with your username and then restore it with your passkey. And they have this security about fingerprint your verify and then another security question with your passcode that you have set when you created your wallet.

And if you are not satisfied with their product, you can request for a account deletion.

Hopefully though, they could expand their signature campaign a little longer or accept more participants so that they can get more exposure here in our community.

I was really surprised by how you managed and took care of the graphic part of the application, it's really well done, then using the unique username is truly an innovative idea that will bring a lot of satisfaction and I must say that it's really practical and easy to use, nice job

Yes, it's true, one thing I noticed is that it's really easy to use and in such a simple way you can manage your money and move it easily. I have to say that the work done by these guys is truly admirable, considering that it's a young app I'd say that will give us a lot of satisfaction, are there other features planned for the future?

true, more than all the other technically beautiful things they are creating, it would be important to concentrate efforts on opening up as many markets as possible
that's definitely the thing that matters
but it's also true that without the nice features they're putting in, opening up to everyone right away might not be good
I think they're doing well
a little feature, a little opening markets

The fact that Lighthining Network has been introduced is really nice, this is a feature that I have always appreciated in the various wallets, namely the fact of being able to use this technology for small payments
well done elysium team
the graphics are also very pleasant

🌍 Expanding Android Globally
Elysium Wallet is reaching more Bitcoin users worldwide!
Our Android app is now live in seven new countries:
🇮🇳 India | 🇧🇷 Brazil | 🇸🇻 El Salvador | 🇦🇷 Argentina
🇺🇦 Ukraine | 🇷🇸 Serbia | 🇦🇪 UAE | 🇦🇱 Albania

Every launch is designed with strict compliance to local regulations, ensuring maximum security without compromise. We're bringing self-custody and true Bitcoin sovereignty to new communities.
Where should we go next? Let us know your thoughts!


⚡️ Supercharged Lightning Network Features
The future of fast and scalable Bitcoin transactions is here.
Elysium’s Lightning Network implementation is taking usability to the next level:
🔹 Faster and more reliable transactions for everyday payments
🔹 Improved invoicing system for seamless Lightning integration
And soon: Effortless BTC transfers between on-chain and Lightning Network.

Whether you’re stacking sats or running a node, these updates are built for speed, reliability, and ease of use.


🎨 A Fresh Look, A Better Feel
We’ve given Elysium a major design overhaul to improve your experience:
🔹 Cleaner Dashboard: View your holdings and transactions at a glance
🔹 Customizable Widgets: Access your most-used features instantly
🔹 Simplified Navigation: Get where you need to go, faster
🔹 Detailed Asset Insights: A clear view of your Bitcoin and stablecoins
🔹 Faster QR Scanning: No delays, just smooth transactions

All these changes are designed to make managing your Bitcoin intuitive, fast, and powerful. What feature do you love most about our new design?


🔐 Advancing Authentication Technology
At Elysium, we’re leading the charge in secure, keyless self-custody.
🔹 Our V2 Core Authentication System is almost here: Faster, safer, smarter
🔹 The patent process is moving forward: Protecting our revolutionary key management
🔹 Two new tech factors are being integrated to enhance security

Your Bitcoin is always yours, no private keys stored, no compromises.
Are you ready for the next generation of Bitcoin wallets?


🛠️ Technical Upgrades That Matter
Behind the scenes, we’ve made powerful improvements to enhance your experience:
🔹 Centralized error management system: Problems resolved faster, with clearer feedback
🔹 Enhanced WebView support: For smoother app-web interactions
🔹 Refresh Token System: Added security without disrupting usability
🔹 New analytics tools: To ensure your feedback drives future upgrades

Bitcoin deserves tools that work as hard as you do. Let us know how these upgrades enhance your journey.


🔮 What’s Next for Elysium?
We’re building the ultimate Bitcoin experience and pushing the limits of wallet technology. Here’s what’s coming soon:
➡️ Major performance optimizations to make everything faster
➡️ Lightning Network full integration: Seamless layer-to-layer BTC transfers
➡️ More frequent iOS updates: Features rolling out faster than ever
➡️ Continuous UI refinement: Perfecting every interaction

Our mission is clear: To deliver a wallet that empowers Bitcoiners worldwide. What feature would you like to see next?

It's unfortunate that they stopped but they got good returns of around $420 so it's strange that they decided to stop especially since signature campaigns require continuity. Let's hope planB leads to better development.

the signature campaign is paused to allow the elysium team to organize for planB
you will find the stand there in Lugano with a nice Raffle to win cryptocurrency-themed prizes delivered by a famous Italian influencer, Masutti

thank you all

They will expand to other regions as well, but it will largely depend on the third partner who will provide the trading service and probably the exchange partner will require geo-restrictions even with KYC.
Honestly, the idea of ​​a wallet with mandatory KYC does not seem attractive to me, it is quite a threat to privacy.

It works without using VPN, all that will be needed is to make the first initial download with VPN in other to evade the restricted regions, and once this is done, it is very easy to use and access without using VPN again.


I have the same feelings as well, that why the limitations when they are trying to get popular by users across the world, maybe they are just on a test run mode before the full launch or big time implementation being effective, but as for now, we can say they are only good for a start, they may have to work on many things we have all suggested for them here.

Proprietary algorithm? No wonder the explanation sounds vague. Anyway, i'll briefly read/check the upcoming recovery feature without requiring your infrastructure.


I see. Although in my opinion, you could've just limit the exchange feature to specific user (by IP or country) since you already advertise your wallet globally.

It does not require VPN.

Suppose you downloaded the wallet, does it allow you to sync the blockchain without a VPN? Or does it require a VPN connection to update the balance?

What is the final roadmap? Will the service be a KYC wallet or will the wallet be available and there is another app to perform the exchange? Or just an exchange app.

Developing the wallet requires that you try to reach more users, that there is an exchange service within the wallet application and then you can request KYC for those who want to complete the exchange service unless you want to be the first wallet that wants to request KYC from users.

Go to Google Play Store storage and cache and clear the storage. Then on the VPN that support Internet connection from any of the listed countries:


Then go to Play Store and you will be able to download the wallet. Hugeblack posted about it above and I followed what he posted.

Really you mean is not avaliable to Nigeria Google store users, I want to try to download the wallet to check and see what is happening over there, but seeing your comment right make me discourage to try it out, I hope may be this is as a result of your connections or OS but then let me try to download from apple store to see if I will get the same message and if anything different, I will update the thread so that the team can do something about it.

Update just tried to download on my android device and it says not available, team please do something about this restriction if not you may be locking out a huge number of your clients.

Correct, for the first version of the App the Passkeys are mandatory, in the next one they wont be.

Thank you for the feedback, we need to present better the option to "Create" and "Import". Btw, import wallet it's a functionality that will be introduced in the next version of the technology as we are still managing to close some implementation to let you use whatever seed phrase you have.

The all thing we are trying to do is incentives people to create an account and a wallet without knowing what a seed phrase is, how to use it and store it. We are trying to make the onboarding, the security, the usability and the restore way easier for people. And in the next version that we will release we will introduce more factors to let you decide how to setup, what risk you have and how secure vs usable is your setup.

Seed phrase won't scale as a method for the mass adoption, that's our (and specifically mine) thesis for the industry

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The problem it's on the store prospective, not in the wallet itself. App Store and Play Store won't let use release the app if the provider, in the regions we want to release it, is not regulated. Using VPN is a good way to download the app even if it's not available in your store at the moment, even though when you will need to add funds trough the provider you'll need to do KYC and then only if you are "allowed" you can really buy/sell those assets. As far as sending and receiving trough blockchain the are no limitations

In the future we will need to do some KYC in order to let users use the wallet for some specific tiers.. It's not something that I'm happy about as a Bitcoiner but it's the way the world (and the regulations) are going nowadays. We will think of a lighter KYC at first and then the full KYC (working on finding a tokenized version of it to not let you do KYC multiple times but just once and then re use it every time you need it)

But any feedback will be much appreciated

The regional restriction for non-custodial wallets seems pointless.
Some users managed to download the wallet using a VPN. How will you prevent such cases in the future to remain 'compatible' with the exchange provider?
Will the use of the Elysium wallet be subject to passing KYC?

is elysium username is a short representation of the public key and all transactions are done via the bitcoin blockchain or is it closer to an account ID where transactions can be made between wallet users without onchain ID. Will there be restrictions on users from other IPs who have downloaded the wallet or are the restrictions on google play, and will the APK version be available soon?

Hi there guys, Gianmarco here, one of the two founders & CTO of Elysium. I'm here to answer some of your questions as I see there are many, especially from the technical perspective.

I'm honestly new to this forum so if I don't answer or select a specific question, please forgive me, I'm learning

So I'll address the most important questions and answer them straight away:

Question:
Answer: Generally speaking, the Elysium wallet is a fully non-custodial wallet with a new proprietary algorithm for user onboarding. We have developed a Multi-Factor Authentication (MFA) system that is fully keyless, so the key is never stored on the device but always recreated on demand when the user needs to sign a transaction. Of course, we also support account recovery. Currently, this process requires the Elysium server to be online, but by the end of the year, we will release a new version where users can still restore their accounts even if our infrastructure is down.

Question:
Answer: The wallet is not open source yet. We're currently working on IP protection but we intend to release more information in the future without compromising the IP. As mentioned, the algorithm is proprietary and we plan to patent it as it can be used not only in the Bitcoin industry but also as a general authentication method (in the future). We'll present more details in the coming months. There will be also a desktop version but later next year, for now we are releasing just the mobile version.

Question:
Answer: The algorithm we've prepared is compatible with BIP39 and the derivation path is "m/84'/...", which is BIP84 HD SegWit (BIP 84 Bech32 – Native) to save on fees and keep up with the times and innovations in this world. We'll integrate other BIPs in the future, but for now it's based on this BIP. At the moment, there isn't a GitHub from which to download the app, but that will also be done in the future when the technology is protected and stable.

Question:
Answer: The current supported countries are: Germany, France, Austria, Czech Republic, Netherlands, Spain, Denmark, Ireland, Hungary, Malta, Cyprus, Estonia, Greece, Belgium, Finland, Latvia, Liechtenstein, Poland, Luxembourg, Croatia, Slovakia, Slovenia, Sweden, Italy, Bulgaria, Romania, Switzerland
We are about to release it worldwide in the coming weeks. The next countries will be:
India, Brazil, El Salvador, Argentina, Ukraine, Serbia, United Arab Emirates (UAE), Albania

Question:
Answer: Thank you for the feedback. The problems we are facing on the app being available worldwide are because our provider for the exchange is not available worldwide and we are about to release it soon. The app as non-custodial could be available worldwide, while for the services inside we need to follow regulations worldwide.

Question:
Answer: Thank you very much for the feedback, it's very important to us. As written before, the countries where it's available for now are limited but will be expanded in the future.

Question:
Answer: The service is fully non-custodial as explained in the previous answers. Moreover, while its UX is similar to an exchange, it is completely non-custodial. I'm not sure which service you're referring to, but our operation is the same as other non-custodial wallets, just with a new algorithm and better security and UX.

Question:
Answer: We will introduce advanced features in the future such as connections with personal nodes, different ways of deriving accounts, multisig and much more. For now, we want to simplify access to this technology for newcomers but also for experienced people who want to have more security in managing their funds thanks to the new technology we are developing.


Hope this answers give you a better understanding of the wallet and the technology itself!

If you have further questions or feedback feel free to comment or send me a DM on X (formerly Twitter) here: @gianguazz

Cheers

When I was creating keys and addresses on the wallet, I saw 'create wallet'. And below it, I saw 'import wallet'.

When I clicked on create wallet, I saw this:





When I clicked on import wallet, I saw this:




These is an encouragement to let people not to know what seed phrase is. Although, if you go to settings, you can click on 'extract private key's to see your seed phrase. I test it with Iancoleman BIP39 tool and it was BIP84 as the address on the wallet is the same as the first address on Iancoleman BIP39 tool.

So the reason I can not use the wallet is because it is close source and it is encouraging people to use passkey in a way newbies might not know what seed phrase is. The passkey is not optional but mandatory while using the wallet.

You just need to delete Google Play data, run VPN using one of these countries and then open Google Play to download the app.
only 50 downloads so I will not risk downloading the app.



As long as there are country restrictions I do not think the wallet will give the possibility of extracting the private key.

I think that you can, it's possible. You can change your location through that VPN even if google has logs of the location of IPs where you've come from. While I agree that they sure are invading our privacy and have traces from the steps where we've been and where we've come from.

Nice and that only proves that it's possible to use VPN if the app isn't available in your country, it's successfully bypass the limits of countries that it's allowed to download.

About the security and privacy it promises to provide maximum support to a user is appreciable. But one thing I'm curious to know is that it might be attractive only to experienced Bitcoin users and crypto enthusiasts who like decentralization, but will it be that appealing to casual Bitcoin or crypto users? With having advance features I think it's important to balance simplicity for the average users.

To be honest, use of VPNs is a short term solution in trying to test out the wallet and the alike.. but for long term usage for users wanting to hold coins on the wallet, I think Elysium team have the power to change all this for its own benefit..

And why all these restrictions to the wallet, is it not more beneficial if it was accessible to more users around
the world than the 27 countries listed

Do wallets follow a regulation code to be accessible by others ?? Why not use a legal team to draft their T&C's to protect themselves if it's legality they are worried about than the Geo lock's used here.

Can you try to use it without using a VPN so that we know if the restriction applies only to the download or to the use of this wallet at all?

It is not attractive to me to use a wallet limited to a certain area and where I only have to use it via VPN. It makes things even more difficult because, as far as I can see, it is intended only for mobile devices, there is no web/desktop version at all.

Make use of VPN because some regions were restricted for use, but you will be fine after downloading it through VPN, that was what I also use at the first attempt and am able to access the wallet, check the screenshot below.

I actually make use of a VPN in doing so.

I only found the image, all of them are European countries.


I read on reddit, they said it's possible, by creating an email account using VPN and then use VPN with the same country when you're access Google Plat Store.

There must be a way because the signature campaign posted by @OP, I see there are users who speak Nigerian, Russian etc but they able to post their wallet username.

I also wondered about that, although i didn't mention it earlier since i never see they claim their wallet is open-source.


Do you use VPN only to download the wallet or also using the wallet?

VPN can not be used to download it so far it is on Google Play Store. Google knows before, the location that we are the moment we have been using the mobile device and used the email to register for Google products and services on the device. They invade privacy than we can think.

I think it would be different from this like custodial Coinbase and Freewallet which are providing custodial service. According to what I read on Play Store about the wallet, it is noncustodial. Probably it would be like Unstoppable wallet that has swap feature. But I may be wrong. What that can make us know about the wallet is when we download it and see how the wallet is.

Indonesians can't download Elysium wallets is it because of restrictions? It's not an exchange or casino which should have no restrictions for non-custodial wallets.

Which countries are those out of 27 countries? Do you have the list?
I didn't find the list of countries on Elysium.

Without mentioning the possibility of extracting the private key or seed and using it with any compatible standard, the service will still be closer to a crypto exchange than a wallet. There is a famous wallet, which is free wallet, have the same idea, but their reputation is very bad, so I hope the service is not similar to what they offer.

Checking the thread on their bounty and it's the problem of everyone that they probably haven't fixed yet. I'll just wait until it's ready to be downloaded and see the feedback of many.

From which region/country are you from? did you use a VPN just to download the wallet?
I think this thread belongs to Bitcoin Wallet for Android.

I have downloaded the wallet, tried it and find it to be interesting, though some are complaining not being able to download the said wallet because of their location, but some also make use of vpn in doing so, i think this has a lot to offer in terms of security and safety, users friendly and the likes, whereas i know they will also be working on some other things to ensure that this wallet is going to be one of the most recommended in  due time.

Welcome to bitcointalk

https://www.elysiumlab.io/faq

I was checking out Elysiumlab website FAQ page and I noticed that keys are generated differently from other wallets, but it is not explained how exactly.
There are other wallets that user biometrics in combination with passwords and other data, but problem is how to recover keys in different wallets.
There is no source code link on website so I have to assume that Elysium wallet is probably closed source.
Remembering multiple passwords can be a real problem, and they have to be stored somewhere.

Non Custodial wallets are for international use and there is no restriction of any country from the ones I have seen and used but yours have selected countries to use. And only that has indicated that it is not self custodial wallet. And also self custodial wallets have no much features on the interface and the most important thing in the home page or interface is "Receive, Send or Scan" might be at the bottom. But yours has different features. And I didn't see the open source information in the App. And there is a link to request to delete the account, and I think that link should be removed because the wallet has been created by the user and if he uninstall the app, and later interested to use again, he can install it. But when the account is deleted, what about the address and the private key?

And finally I discovered that the wallet is still under development. Many features are still on the description that "it is coming soon"

On the other sig thread I have seen most people not being able to download this wallet including myself, and one of the team members mentioned it's only available in 27 countries.. To simplify everything, is it possible to get a list of supported countries so that we know if we can download this wallet without endless questions to the team.

Btw, why the restrictions on who can and who can't download the wallet

I wanted to download it to find out if it is a BIP39 wallet and also to know the bitcoin derivational paths it is supporting. But I was unable to download it on Google Play Store.





Most noncustodial wallets are on Google Play Store for people in my country to download. Why is this different when there is no any government restriction?

Is there any reputable site like GitHub that I can download the wallet file? Is the wallet open source? How can we know the public can check and review the code like the code to be available on GitHub?

I am also interested in the technical features the wallet has. It looks like it was once advertised to be open source, but there is no such info in your thread and I cannot find the source codes either.

Is there a desktop version being worked on and does the wallet support transactions to multiple recipients at the same time?

- Jay -

Are there any information about this technical feature? I've read the FAQ[1] and related blog post[2], i still don't understand how it exactly works. But more importantly, are there any ways to recover our coin without using Elysium wallet or server?

[1] https://www.elysiumlab.io/faq
[2] https://www.elysiumlab.io/blog/a-new-approach-to-wallet-security-elysiums-keyless-system-vs-traditional-seed-phrases

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🔑 What is Elysium Wallet?

Elysium Wallet is a fully non-custodial solution designed for those who prioritize true ownership, privacy, and security. Our revolutionary onboarding and restore technology—currently patent-pending—eliminates trust from both centralized entities and the user. Thanks to our proprietary algorithm, your private keys are never stored anywhere, ensuring they remain uniquely tied to you without compromise.
Elysium supports Bitcoin and stablecoins, offering a seamless experience for managing digital assets. While our technology is not yet open source, we are committed to transparency: once the patent process is complete, we will publish detailed documentation to foster trust and collaboration.
Our vision is ambitious: to create a fully decentralized Revolut-style platform built on Bitcoin, empowering financial freedom for everyone.


🚀 Why Elysium is the Superior Choice:

Your Keys, Never Stored:
At Elysium, we’ve redefined security by ensuring your private keys are never stored, saved, or exposed—anywhere. Thanks to our proprietary keyless technology, your keys are generated on-demand using a multi-factor algorithm unique to you. This means there’s no need to trust centralized entities or worry about key storage vulnerabilities. With Elysium, your security is always in your hands.

Revolutionary Keyless Technology: Elysium Wallet introduces an innovative, patent-pending keyless system, which eliminates the age-old question: "Where do I store my private key?" Our solution generates your private key on-demand, connecting it directly to you as a user rather than being randomly created and stored anywhere.

On-Demand Key Generation: Thanks to our advanced algorithm, private keys are generated only when needed, ensuring they are never saved or exposed to potential vulnerabilities. This groundbreaking approach redefines trust by removing reliance on centralized entities or the user’s storage practices.

Unlimited Customization: Our technology allows for infinite personalization, enabling users to choose from a wide range of factors for authentication. This flexibility provides unparalleled security and adaptability, making Elysium Wallet a truly user-centric solution.


⚡ Technical Highlights:

What Can You Do with Elysium?
Elysium Wallet offers a comprehensive suite of features designed to simplify and empower your Bitcoin and stablecoin experience:

Store Your BTC and Stablecoins: Securely manage your assets while maintaining full control over your private keys.
Pay Instantly with Lightning Network: Make fast, low-cost Bitcoin payments with seamless transfers between layers.
Intuitive Address Book: Easily connect with your peers and simplify transactions with a built-in address book.
Non-Custodial On and Off-Ramp: Convert fiat to BTC (and vice versa) without ever compromising control over your keys.

Coming Soon:

Prepaid Card: Spend your Bitcoin and stablecoins anywhere, bridging the gap between traditional and decentralized economies.
Liquid Network Integration: Enjoy faster, simpler transactions without the hassle of manually managing Lightning channels.
In-App Services: Pay, earn interest, and trade your assets directly within the app.

A Complete Suite for the New Economy:
Elysium will evolve into a full platform connecting you to the world of Bitcoin and stablecoins. Intuitive, secure, and user-friendly, it removes the complexity of the crypto world, making it accessible to everyone. With Elysium, you can stay connected to the traditional economy while unlocking the potential of the decentralized one.






📲 Download Elysium Now APPSTORE
📲 Download Elysium Now PLAYSTORE

Take full control of your financial future. Download Elysium Wallet today and step into a truly decentralized world where your money is yours—always.

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