The cryptocurrency market has seen an significant increase in the amount of hardware wallets available in recent years. Each promises to keep digital assets secure and safe. Its Ellipal wallet is a brand new entry into the market and aims to stand out from the crowd by providing a completely isolated solution. As the use of cryptocurrency grows more commonplace and more commonplace, the need for safe security for digital asset storage becomes more crucial. The Ellipal wallet can be described as a tool which keeps the private keys to digital assets off-line and prevents hackers from taking them from a remote location.
Ellipal, the company behind the hardware wallet is a relatively young company on the market. It raised $55K through an Indiegogo campaign to fund its development. The company’s website and online reviews claim that their hardware wallet is completely safe, however it is important to note that the hardware wallets of competing businesses like TREZOR and Ledger are made in a way that no attacker from outside is able to see your private keys. In the event that, for instance, you connect your TREZOR on a compromised device that has been infected with viruses, your private keys remain safe and secure.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design. It is completely isolated from any computer or network that is, it doesn’t have wireless or wired connectivity. Instead, it communicates via QR codes via cameras on its rear end. This makes it an extremely secure option as it eliminates the possibility of hackers getting an access point to your private keys by the network. However, it’s worth noting that this could mean that the Ellipal wallet isn’t so user-friendly as other hardware wallets that can be linked to a computer for easy transactions.
The Ellipal wallet costs $149 and is relatively new to the market, which means that it’s not combat-tested to date. This is something that potential buyers should keep in mind when considering purchasing the Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR as well as Ledger) have been in business for longer and have a established track records of security.
Regarding 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, and ERC20 tokens. This is fewer than the number of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some customers. However, the company is currently working on adding more support for coins in the near future.
In the end In conclusion, it is clear that the Ellipal device is an fresh competitor in the market of hardware wallets, promising to be 100% secure due to its complete inaccessibility to any computer or network. Ellipal is a company that’s relatively new, and the product hasn’t been battle-tested yet. The Ellipal wallet currently supports a limited number of coins, and its price tag of $149 is in line with its competitors. Although the idea of a fully isolated hardware wallet is intriguing however, you should consider the track record and security features of other hardware wallet options before making a choice. In the end, the decision on whether or not the Ellipal wallet is worth the cost is entirely up to the user. It’s an extremely secure choice with an innovative design, however, it’s not as user-friendly for use like other wallets. It’s also an extremely new product on the market.