The cryptocurrency market has seen an significant rise in the number of hardware wallets in recent years, each promising to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a new competitor in the field, and hopes to differentiate from the crowd by providing a completely isolated solution. As cryptocurrency usage is becoming more widespread, the need for secure the storage and protection of assets becomes increasingly crucial. Ellipal wallet Ellipal wallet is a gadget which keeps the private keys to digital assets offline and prevents hackers from taking the keys remotely.
Ellipal the company that developed the hardware wallet is a relatively young player in the market. They raised $55K in an Indiegogo campaign to fund its development. The website of the company and its online reviews state they are completely safe, however it is important to keep in mind that hardware wallets of rival businesses such as TREZOR as well as Ledger are made in a way that no attacker from outside is able to access your private keys. For instance, even if it is possible to connect your TREZOR on a compromised computer that is infected with viruses, your private keys will remain protected and safe.
The Ellipal wallet is unique in its design. It is completely disconnected from any network or computer which means it does not have wired or wireless connectivity. Instead, it communicates through QR codes using cameras on its rear end. This makes it a highly secure option as it eliminates the possibility of a hacker getting gain access to private information via the network. However, it’s important to remember that this could mean that the Ellipal wallet isn’t as convenient to use as other hardware wallets that can be linked to a computer to facilitate transactions.
The Ellipal wallet retails for $149. It is fairly recent to market meaning that it isn’t battle-tested yet. This is something that potential buyers must keep in mind when considering buying this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR and Ledger) are on the market for a longer time and have a an established track record of security.
Regarding support for coins, the Ellipal wallet supports only a small number of coins, including Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is less than the coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some buyers. The company is working to add more support for coins in the future.
In conclusion it is clear that Ellipal wallet is a good choice. Ellipal device is an fresh player on the hardware wallet market that claims to be 100% secure due to its complete inaccessibility to any network or computer. Its creators are new and the product has not been battle-tested yet. The Ellipal wallet supports only a few coins and its price at $149 is comparable with its competitors. Although the concept of a fully exclusive hardware wallet is appealing however, you should consider the security and track record features of other hardware wallet options before making a decision. The final decision about whether the Ellipal device is well worth the price is up to the individual. It’s a safe option that has a modern design but it’s not as convenient in use as the other wallets. Additionally, it’s an extremely new product available on the market.