The world of cryptocurrency has witnessed a significant increase in the amount of hardware wallets available on the market in recent years, each promising to keep digital assets secure and safe. The Ellipal wallet is a new entry into the market and is aiming to differentiate itself from its rivals by providing an unrivalled solution. As the use of cryptocurrency becomes more mainstream and more commonplace, the need for safe storage of digital assets becomes more important. Ellipal wallet Ellipal digital wallet gadget that keeps the private key to digital assets off-line and prevents hackers from taking them remotely.
Ellipal the company that developed the wallet’s hardware component is a relatively young player in the market. It raised $55K through an Indiegogo campaign to fund research and development for their products. The company’s website as well as reviews online claim that their hardware wallet is completely secure, but it’s important to keep in mind that hardware wallets of competing companies like TREZOR and Ledger are constructed in a manner that no outside attacker can access your private keys. In the event that, for instance, you connect your TREZOR to a compromised computer which is infected by viruses Your private keys are still protected and safe.
The Ellipal wallet is distinctive in its design, it is completely unconnected to any network or computer, meaning it has no wireless or wired connectivity. Instead, it communicates through QR codes through a camera on the rear of the. This makes it a highly safe option since it blocks the possibility of hackers gaining gain access to private information through a network connection. However, it’s important to remember that this means the Ellipal wallet isn’t so user-friendly as other hardware wallets that connect to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is fairly brand new in the marketplace, which implies that it isn’t tested in battle yet. This is something potential buyers should keep in mind when considering purchasing this Ellipal wallet. Comparatively, both of the leading hardware wallet makers today (TREZOR as well as Ledger) were on the market for longer and have a an established track record of security.
In terms of coin support In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet supports the following coins: a few that are supported, such as Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. It is lower than the amount of coins supported by its competitors, TREZOR and Ledger, which might be a worry for some users. However, the company is currently working on adding the support of more coins in the near future.
In conclusion, Ellipal wallet is a good choice. Ellipal device is an brand new competitor in the market for hardware wallets and promises to be 100% secure due to its complete separation from any computer or network. Its creators are new, and the product has not been tested in battle yet. The Ellipal wallet is currently compatible with a limited number of coins and its price of $149 is on par with other wallets. Although the concept of a fully exclusive hardware wallet is appealing however, you should consider the track record and security measures 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 individual. It’s an extremely secure choice with a unique design however, it’s not as easy in use as the other wallets, and it’s a relatively new product available on the market.