The cryptocurrency market has witnessed a significant rise in the number of wallets that are hardware on the market in recent years, all claims to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a brand new competitor in the field, and hopes to differentiate from its competitors by offering an unrivalled solution. As the use of cryptocurrency is becoming more widespread it is becoming more important to secure the storage and protection of assets becomes increasingly crucial. The Ellipal digital wallet tool that keeps the private key to digital assets offline to prevent hackers from taking them from a remote location.
Ellipal, the company behind the wallet’s hardware component, is a relatively new player in the market. It raised $55K through an Indiegogo campaign to fund the development of their product. The company’s website and reviews online claim they are completely secure, but it’s important to remember that hardware wallets from rival companies such as TREZOR as well as Ledger are made in a way that no outside attacker can access your private keys. For instance, even if you connect your TREZOR with a compromised computer that is infected with viruses Your private keys are still secure and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely isolated from any computer or network, meaning it has no wired or wireless connectivity. Instead, it communicates through QR codes through cameras on its back of the. This makes it a highly secure choice as it removes the possibility of hackers gaining an access point to your private keys via the network. It’s important to note that this also means that the Ellipal wallet isn’t as convenient to use like other wallets on hardware, which can be connected to a computer for simple transactions.
The Ellipal wallet retails for $149. It is relatively new to the market, meaning that it isn’t tested in battle yet. This is something prospective buyers should keep in mind when considering purchasing the Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR as well as Ledger) were on the market for a longer time and have a an established 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 is currently able to support the following coins: a few, including Bitcoin, Ethereum, Litecoin along with ERC20 tokens. This is fewer than the amount of coins supported by its competitors, TREZOR and Ledger, which might be a worry for some customers. The company is working to provide more support for coins in the near future.
In the end, the Ellipal wallet is a new player in the hardware wallet market and promises to be completely safe due to its total separation from any computer or network. Ellipal is a company that’s new, and the product hasn’t been battle-tested yet. The Ellipal wallet currently supports the use of a small number of coins and its price of $149 is on par with other wallets. Although the idea of a totally separated hardware wallet sounds appealing however, you should consider the security and track record measures of other hardware wallet options before making a choice. Ultimately, the decision of whether or not the Ellipal wallet is worth the price is entirely up to the user. It’s a safe option with an innovative design, however, it’s not as easy in use as the other wallets, and it’s an all-new product available on the market.