The cryptocurrency market has witnessed a significant rise in the number of hardware wallets available on the market in recent years, each promises to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is the latest entrant in this field and hopes to differentiate from its competitors by offering a completely isolated solution. As cryptocurrency usage is becoming more widespread it is becoming more important to safe security for digital asset storage becomes increasingly important. Ellipal wallet Ellipal digital wallet gadget that keeps the private key to digital assets offline, preventing hackers from stealing their assets from a remote location.
Ellipal the company that developed the hardware wallet is a relatively young competitor in the market. It raised $55K through an Indiegogo campaign to help fund its development. The website of the company and its online reviews state that their hardware wallet is 100% secure, but it’s important to note that the hardware wallets of rival businesses such as TREZOR and Ledger are also designed in a way that no one outside can see your private keys. In the event that, for instance, it is possible to connect your TREZOR on a compromised device that is infected with viruses Your private keys will remain secure and safe.
Its Ellipal wallet is distinctive in its design. It is completely disconnected from any computer or network, meaning it has no wireless or wired connections. Instead, it communicates via QR codes via an image camera at the rear end. This makes it a very safe option since it blocks the possibility of hackers having access to the private key by a network connection. However, it’s worth noting that this means the Ellipal wallet isn’t as user-friendly like other wallets on hardware that can be linked to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is relatively recent to market which means that it isn’t tested in battle yet. This is something that potential buyers must keep in mind when considering purchasing this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers of today (TREZOR as well as Ledger) were around for longer and have a proven track record of security.
In terms of support for coin In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet supports only a small number of coins, including Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. It is lower than the number of coins supported by its competitors, TREZOR and Ledger, which might be a worry for some buyers. But, the company is working to add more support for coins in the future.
In conclusion, Ellipal wallet is a good choice. Ellipal wallet is a fresh player in the market for hardware wallets that claims that it is 100% secure due to its complete separation from any computer or network. Ellipal is a company that’s relatively new, and the product hasn’t been tested in battle yet. The Ellipal wallet supports the use of a small number of coins and its price at $149 is comparable with the other options. Although the idea of a completely separated hardware wallet sounds appealing but it’s crucial to look at the track record and security measures of other hardware wallets prior to making a choice. Ultimately, the decision of whether or not the Ellipal device is well worth the price 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 in use as the other wallets. It’s also an extremely new product available on the market.