The world of cryptocurrency has seen a significant rise in the number of wallets that are hardware on the market in recent years, each promising to keep digital assets secure and safe. Its Ellipal wallet is a brand new competitor in the field, and aims to stand out from the crowd by providing a completely isolated solution. As cryptocurrency usage is becoming more widespread, the need for secure security for digital asset storage is becoming increasingly crucial. Ellipal wallet Ellipal wallet can be described as a device which keeps the private keys to digital assets indefinitely to prevent hackers from taking them from a remote location.
Ellipal, the company behind the hardware wallet, is a relatively new competitor in the market. It raised $55K through the course of an Indiegogo campaign to help fund its development. The company’s website as well as reviews online claim the hardware wallet as 100% secure, however, it’s important to remember that hardware wallets of competing companies such as TREZOR and Ledger are also designed in a way that no attacker from outside is able to see your private keys. In the event that, for instance, it is possible to connect your TREZOR with a compromised device which is infected by viruses your private keys are still secure and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design. It is completely unconnected to any computer or network that is, it doesn’t have wired or wireless connectivity. Instead, it communicates through QR codes via a camera on the rear end. This makes it a very secure choice as it removes the possibility of hackers getting gain access to private information by a network connection. However, it’s worth noting that this means the Ellipal wallet is not so user-friendly as other hardware wallets that can be linked to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is fairly recent to market which implies that it has not been battle-tested yet. This is something that potential buyers should take into consideration when buying this Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR and Ledger) are on the market for longer and have a established track records of security.
In terms of support for coin In terms of support for coins, the Ellipal wallet is currently able to support only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin along with ERC20 tokens. It is lower than the coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some users. However, the company is working to add support for more coins in the future.
In conclusion, Ellipal wallet is a good choice. Ellipal wallet is a fresh player on the market for hardware wallets, promising that it is 100% secure due to its complete inaccessibility to any computer or network. Its creators are new, and the product has not been tested in battle yet. The Ellipal wallet currently supports a limited number of coins and the price at $149 is comparable with the other options. While the idea of a totally isolated hardware wallet is intriguing however, you should consider the track record and security features of other hardware wallets prior to making a choice. The final decision about whether the Ellipal wallet is worth the price is up to the person who buys it. It’s a safe option with an innovative design, but it’s not as convenient to use as other hardware wallets, and it’s an extremely new product that’s available.