The cryptocurrency market has seen a significant rise in the number of hardware wallets in recent years. Each promises to keep digital assets safe and secure. The Ellipal wallet is the latest competitor in the field, and is aiming to differentiate itself from its rivals by providing an entirely separate solution. As the use of cryptocurrency becomes more mainstream, the need for safe the storage and protection of assets becomes more essential. It is the Ellipal digital wallet tool that keeps the private key to digital assets off-line and prevents hackers from taking the keys remotely.
Ellipal the company that developed the wallet’s hardware component is a relatively young competitor in the market. It raised $55K through the course of an Indiegogo campaign to fund the development of their product. The website of the company and its reviews online claim that their hardware wallet is 100% safe, however it is important to remember that hardware wallets from rival companies such as TREZOR as well as Ledger are made in a way that no one outside can see your private keys. For instance, even if the TREZOR is connected TREZOR to a compromised device that is infected with viruses, your private keys are still protected and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely disconnected from any network or computer, meaning it has no wireless or wired connectivity. Instead, it transmits QR codes via an image camera at the rear end. This makes it a very safe option since it blocks the possibility of hackers getting gain access to private information by the network. However, it’s important to remember that this also means that the Ellipal wallet isn’t as user-friendly as other hardware wallets, which can be connected to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is fairly brand new in the marketplace, meaning that it isn’t combat-tested to date. This is something prospective buyers need to be aware of when buying this Ellipal wallet. Comparatively, both of the leading hardware wallet makers today (TREZOR and Ledger) have been in business for longer and have a proven track record of security.
In terms of coin support in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support a limited number of coins, including Bitcoin, Ethereum, Litecoin along with ERC20 tokens. This is fewer than the number of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some users. However, the company is currently working on adding support for more coins in the future.
In the end In conclusion, Ellipal wallet is a good choice. Ellipal wallet has been a new player on the market of hardware wallets and promises to be 100% secure due to its complete separation from any network or computer. The company behind it is new and the product hasn’t been tested in battle yet. The Ellipal wallet currently supports only a few coins and its price at $149 is comparable with other wallets. While the idea of a completely exclusive hardware wallet is appealing, it’s important to consider the track record and security measures of other wallets before making a choice. In the end, the decision on whether or not the Ellipal wallet is worth the price is up to the individual. It’s a safe option with an innovative design, however, it’s not as easy to use as other wallets. It’s also a relatively new product available on the market.