The world of cryptocurrency has seen an significant rise in the number of wallets that are hardware in recent years. Each promises to keep digital assets secure and safe. Its Ellipal wallet is a new entry into the market and aims to stand out from its competitors by offering an entirely separate solution. As the use of cryptocurrency grows more commonplace it is becoming more important to safe the storage and protection of assets is becoming increasingly essential. The Ellipal digital wallet device that keeps the private key to digital assets off-line and prevents hackers from taking their assets remotely.
Ellipal, the company behind the hardware wallet is a relatively new player in the market. It raised $55K through an Indiegogo campaign to help fund the development of their product. The website of the company and its reviews online claim they are 100% safe, however it is important to keep in mind that hardware wallets from rival companies like TREZOR as well as Ledger are also designed in a way that no outside attacker can view your private key. For instance, even if the TREZOR is connected TREZOR on a compromised system that is infected with viruses Your private keys are still secure and safe.
Ellipal is a unique wallet. Ellipal wallet is unique 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 using an image camera at the back of the. This makes it a highly secure option as it eliminates the possibility of a hacker getting gain access to private information by a network connection. However, it’s worth noting that this means the Ellipal wallet isn’t as convenient to use as other wallets that are hardware-based that connect to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is relatively recent to market meaning that it’s not tested in battle yet. This is something prospective buyers should be aware of when buying this Ellipal wallet. Comparatively, both of the leading hardware wallet makers today (TREZOR and Ledger) are on the market for longer and have a proven track record of security.
Regarding support for coins, the Ellipal wallet supports the following coins: a few which include Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is fewer than the coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some buyers. However, the company is working to add more support for coins in the future.
In conclusion it is clear that Ellipal wallet is a good choice. Ellipal wallet has been a brand new player on the market for hardware wallets and promises to be 100% safe due to its total isolation from any network or computer. The company behind it is new, and the product has not been battle-tested yet. The Ellipal wallet currently supports a limited number of coins and the price of $149 is in line with other wallets. Although the concept of a totally separated hardware wallet sounds appealing but it’s crucial to look at the history and security measures of other hardware wallets prior to making a choice. Ultimately, the decision of whether the Ellipal device is well worth the cost is entirely up to the user. It’s an extremely secure choice with a unique design however, it’s not as easy in use as the other hardware wallets, and it’s an extremely new product available on the market.