The cryptocurrency market has seen an significant rise in the number of hardware wallets on the market in recent years. Each promises to keep digital assets safe and secure. The Ellipal wallet is the latest entry into the market and aims to stand out from its rivals by providing an entirely separate solution. As the use of cryptocurrency becomes more mainstream, the need for secure security for digital asset storage becomes more important. The Ellipal wallet is a tool which keeps the private keys to digital assets offline, preventing hackers from stealing their assets remotely.
Ellipal, the company behind the wallet’s hardware, is a relatively new company on the market. They raised $55K in an Indiegogo campaign to help fund research and development for their products. The website of the company and its reviews online claim they are 100% secure, but it’s important to keep in mind that hardware wallets of rival businesses such as TREZOR as well as Ledger are also designed in a way that no one outside can access your private keys. For instance, even if it is possible to connect your TREZOR to a compromised device which is infected by viruses Your private keys will remain secure and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely unconnected to any computer or network which means it does not have wireless or wired connections. Instead, it transmits QR codes via an image camera at the back of the. This makes it a highly secure choice as it removes the possibility of hackers having access to the private key through the network. However, it’s important to remember that this could mean that the Ellipal wallet isn’t so user-friendly as other wallets that are hardware-based that can be linked to a computer to facilitate transactions.
The Ellipal wallet retails for $149. It is fairly 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 manufacturers of today (TREZOR as well as Ledger) are around for longer and have established track records of security.
Regarding support for coins In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports the following coins: a few that are supported, such as Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is less than the coins supported by its competitors, TREZOR and Ledger, which could be a problem for some customers. The company is working to add support for more coins in the near future.
In the end it is clear that Ellipal wallet is a good choice. Ellipal wallet has been a fresh player in the hardware wallet market that claims that it is 100% secure due to its complete isolation from any computer or network. The company behind it is relatively new, and the product hasn’t been battle-tested as of yet. The Ellipal wallet is currently compatible with a limited number of coins and the price of $149 is in line with its competitors. Although the idea of a fully separated hardware wallet sounds appealing however, you should consider the track record and security measures of other hardware wallets before making a decision. Ultimately, the decision of whether the Ellipal wallet is worth the price is entirely up to the user. It’s an extremely secure choice with a unique design but it’s not as convenient to use as other hardware wallets, and it’s a relatively new product that’s available.