The world of cryptocurrency has seen a significant increase in the number of hardware wallets on the market in recent years, all promising to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is the latest entrant in this field and hopes to differentiate from the crowd by providing a completely isolated solution. As cryptocurrency usage is becoming more widespread it is becoming more important to secure storage of digital assets is becoming increasingly essential. It is the Ellipal wallet can be described as a device that keeps the private key to digital assets offline and prevents hackers from taking the keys from a remote location.
Ellipal the company that developed the wallet’s hardware, is a relatively new company on the market. They raised $55K in an Indiegogo campaign to help fund research and development for their products. The company’s website and online reviews state they are 100% safe, however it is important to note that the hardware wallets from rival businesses such as TREZOR as well as Ledger are made in a way that no outside attacker can access your private keys. In the event that, for instance, you connect your TREZOR with a compromised computer which is infected by viruses, your private keys are still safe and secure.
The Ellipal wallet is unique in its design, it is completely unconnected to any network or computer which means it does not have wireless or wired connections. Instead, it communicates through QR codes using an image camera at the back of the. This makes it an extremely secure option as it eliminates the possibility of a hacker having access to the private key by an internet connection. However, it’s worth noting that this also means that the Ellipal wallet is not as convenient to use as other hardware wallets, which can be connected to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is relatively new to the market, which means that it isn’t tested in battle yet. This is something that potential buyers need to keep in mind when considering buying this Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR and Ledger) were on the market for longer and have proven track record of security.
In terms of support for coin in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet supports the following coins: a few which include Bitcoin, Ethereum, Litecoin, and ERC20 tokens. It is lower than the coins supported by its competitors, TREZOR and Ledger, which might be a worry for some customers. However, the company is working to provide more support for coins in the future.
In conclusion In conclusion, Ellipal wallet is a good choice. Ellipal device is an fresh player on the market of hardware wallets, promising to be completely safe due to its total inaccessibility to any computer or network. Ellipal is a company that’s relatively new, and the product has not been battle-tested yet. The Ellipal wallet currently supports only a few coins and its price at $149 is comparable with the other options. While the idea of a completely separated hardware wallet sounds appealing however, you should consider the security and track record measures of other wallet options before making a decision. The final decision about whether the Ellipal product is worthwhile for the cost is entirely up to the user. It’s a safe option with an innovative design, but it’s not as convenient for use like other hardware wallets. Additionally, it’s a relatively new product that’s available.