The world of cryptocurrency has witnessed an significant increase in the number of hardware wallets available on the market in recent years. Each promises that digital assets will be secure and safe. Ellipal is one of them. Ellipal wallet is a new entrant in this field and is aiming to differentiate itself from its rivals by providing an entirely separate solution. As the use of cryptocurrency is becoming more widespread it is becoming more important to secure security for digital asset storage becomes more crucial. The Ellipal digital wallet tool that stores the private key to digital assets indefinitely and prevents hackers from taking the keys remotely.
Ellipal the company that developed the wallet’s hardware component, is a relatively new player in the market. They raised $55K in the course of an Indiegogo campaign to fund the development of their product. The website of the company and its online reviews state that their hardware wallet is 100% safe, however it is important to remember that hardware wallets of rival firms such as TREZOR and Ledger are made in a way that no one outside can view your private key. For instance, even if the TREZOR is connected TREZOR to a compromised device that is infected with viruses your private keys will remain protected and safe.
Its Ellipal wallet is distinctive in its design, it is completely isolated from any network or computer, meaning it has no wired or wireless connectivity. Instead, it communicates through QR codes via cameras on its rear of the. This makes it a highly secure choice as it removes the possibility of a hacker having access to the private key through 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 that connect to a computer for easy transactions.
The Ellipal wallet costs $149 and is fairly brand new in the marketplace, meaning that it isn’t battle-tested yet. This is something potential buyers should be aware of when purchasing the Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR and Ledger) have been on the market for a longer time and have a established track records of security.
In terms of coin support, the Ellipal wallet supports only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is fewer than the amount of coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some buyers. But, the company is working to add the support of more coins in the future.
In the end In conclusion, Ellipal wallet is a good choice. Ellipal device is an new player on the hardware wallet market that claims to be completely secure because of its complete isolation from any network or computer. Ellipal is a company that’s relatively new, and the product has not been tested in battle yet. The Ellipal wallet currently supports a limited number of coins and the price of $149 is on par with the other options. While the idea of a completely isolated hardware wallet is intriguing, it’s important to consider the security and track record features of other hardware wallet options before making a choice. In the end, the decision on whether the Ellipal product is worthwhile for the cost is up to the person who buys it. It’s a safe option with a unique design however, it’s not as user-friendly for use like other hardware wallets. Additionally, it’s an extremely new product on the market.