The cryptocurrency market has seen an significant increase in the number of wallets that are hardware on the market in recent years. Each promising that digital assets will be safe and secure. Its Ellipal wallet is a new entrant in this field and aims to stand out from its rivals by providing a completely isolated solution. As the use of cryptocurrency is becoming more widespread, the need for secure storage of digital assets becomes more important. Ellipal wallet Ellipal digital wallet tool which keeps the private keys to digital assets indefinitely to prevent hackers from taking their assets remotely.
Ellipal the company that developed the wallet’s hardware component, is a relatively new player in the market. It raised $55K through an Indiegogo campaign to fund research and development for their products. The website of the company and its online reviews claim the hardware wallet as 100% safe, however it is important to keep in mind that hardware wallets from rival firms like TREZOR and Ledger are also designed in a way that no outside attacker can access your private keys. For instance, even if the TREZOR is connected TREZOR to a compromised computer that is infected with viruses Your private keys are still safe and secure.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely isolated from any computer or network that is, it doesn’t have wireless or wired connections. Instead, it transmits QR codes via cameras on its rear of the. This makes it a highly safe option since it blocks the possibility of a hacker getting gain access to private information via an internet connection. However, it’s important to remember that this means the Ellipal wallet isn’t as convenient to use like other wallets on hardware that can be linked to a computer for simple transactions.
The Ellipal wallet retails for $149. It is fairly brand new in the marketplace, which means that it has not been tested in battle yet. This is something that potential buyers must be aware of when buying the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR and Ledger) are on the market for a longer time and have a an established track record of security.
In terms of coin support In terms of support for coins, the Ellipal wallet currently supports the following coins: a few that are supported, such as Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is less than the number of coins supported by its competitors, TREZOR and Ledger, which may be a concern for some users. However, the company is working to add the support of more coins in the future.
In the end In conclusion, it is clear that the Ellipal device is an new competitor in the market for hardware wallets that claims to be 100% safe due to its total separation from any network or computer. Its creators are relatively new and the product hasn’t been battle-tested as of yet. The Ellipal wallet currently supports a limited number of coins and the price of $149 is in line with its competitors. While the idea of a completely separated hardware wallet sounds appealing however, you should consider the track record and security measures of other wallets before making a decision. In the end, the decision on whether or not the Ellipal wallet is worth the cost is up to the person who buys it. It’s a safe option with an innovative design, however, it’s not as easy to use as other wallets, and it’s a relatively new product on the market.