The world of cryptocurrency has seen an significant increase in the number of hardware wallets available on the market in recent years, all promises to keep digital assets safe and secure. The Ellipal wallet is the latest entrant in this field and is aiming to differentiate itself from its competitors by offering an unrivalled solution. As cryptocurrency usage becomes more mainstream, the need for secure security for digital asset storage is becoming increasingly important. The Ellipal digital wallet device that stores the private key to digital assets indefinitely and prevents hackers from taking them from a remote location.
Ellipal, the company behind the wallet’s hardware component is a relatively young company on the market. They raised $55K in the course of an Indiegogo campaign to help fund its development. The company’s website as well as online reviews claim they are completely secure, but it’s important to keep in mind that hardware wallets from rival firms such as TREZOR and Ledger are also designed in a way that no attacker from outside is able to access your private keys. For instance, even if the TREZOR is connected TREZOR with a compromised computer which is infected by viruses, your private keys are still protected and safe.
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 via QR codes through cameras on its back of the. This makes it a very secure choice as it removes the possibility of a hacker having gain access to private information through a network connection. However, it’s important to remember that this means the Ellipal wallet isn’t as convenient to use like other wallets on hardware that can be linked to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is fairly new to the market, which implies that it’s not battle-tested yet. This is something prospective buyers must take into consideration when purchasing this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR and Ledger) have been on the market for longer and have a an established track record of security.
Regarding support for coins in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is less than the number of coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some users. However, the company is working to provide support for more coins in the near future.
In the end it is clear that Ellipal wallet is a good choice. Ellipal device is an fresh player on the hardware wallet market and promises that it is 100% safe due to its total isolation from any computer or network. Its creators are new, and the product has not been tested in battle yet. The Ellipal wallet currently supports only a few coins and the price at $149 is comparable with its competitors. Although the concept of a fully isolated hardware wallet is intriguing, it’s important to consider the track record and security measures of other hardware wallets before making a choice. In the end, the decision on whether or not the Ellipal product is worthwhile for the cost is up to the person who buys it. It’s a very secure option that has a modern design but it’s not as convenient to use as other wallets. It’s also an extremely new product available on the market.