The cryptocurrency market has witnessed a significant increase in the amount of hardware wallets in recent years. Each promises that digital assets will be secure and safe. Ellipal is one of them. Ellipal wallet is a brand new entrant in this field and hopes to differentiate from its rivals by providing a completely isolated solution. As cryptocurrency usage becomes more mainstream and more commonplace, the need for secure security for digital asset storage becomes more important. Ellipal wallet Ellipal wallet can be described as a device which keeps the private keys to digital assets indefinitely and prevents hackers from taking their assets from a remote location.
Ellipal, the company behind the hardware wallet is a relatively young company on the market. The company raised $55K via the course of an Indiegogo campaign to finance research and development for their products. The website of the company and its online reviews state they are completely safe, however it is important to remember that hardware wallets of rival businesses like TREZOR as well as Ledger are constructed in a manner that no attacker from outside is able to see your private keys. In the event that, for instance, you connect your TREZOR with a compromised computer that has been infected with viruses your private keys will remain secure and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design. It is completely isolated from any network or computer, meaning it has no wired or wireless connectivity. Instead, it communicates via QR codes using a camera on the rear of the. This makes it a highly secure choice as it removes the possibility of hackers having access to the private key via an internet connection. However, it’s worth noting that this also means that the Ellipal wallet is not as user-friendly as other hardware wallets that can be linked to a computer for simple transactions.
The Ellipal wallet costs $149 and is relatively brand new in the marketplace, meaning that it has not been combat-tested to date. This is something potential buyers should be aware of when purchasing the Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR as well as Ledger) are on the market for longer and have a proven track record of security.
Regarding support for coins, the Ellipal wallet supports a limited number of coins which include Bitcoin, Ethereum, Litecoin, and ERC20 tokens. It is lower than the number of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some buyers. But, the company is working to add support for more coins in the near future.
In conclusion, the Ellipal wallet is a brand new competitor in the market of hardware wallets and promises that it is 100% safe due to its total isolation from any network or computer. Ellipal is a company that’s new and the product hasn’t been battle-tested yet. The Ellipal wallet is currently compatible with the use of a small number of coins and the price of $149 is in line with the other options. While the idea of a fully exclusive hardware wallet is appealing but it’s crucial to look at the track record and security measures of other wallets before making a choice. The final decision about whether or not the Ellipal device is well worth the price is entirely up to the user. It’s an extremely secure choice with a unique design however, it’s not as user-friendly for use like other hardware wallets. Additionally, it’s an all-new product that’s available.