The world of cryptocurrency has seen a significant rise in the number of wallets that are hardware on the market in recent years. Each promises to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a new entry into the market and hopes to differentiate from its rivals by providing a completely isolated solution. As the use of cryptocurrency grows more commonplace it is becoming more important to safe storage of digital assets becomes more essential. It is the Ellipal wallet can be described as a tool that stores the private key to digital assets indefinitely to prevent hackers from taking their assets from a remote location.
Ellipal, the company behind the wallet’s hardware is a relatively young competitor in the market. The company raised $55K via the course of an Indiegogo campaign to finance its development. The website of the company and its reviews online claim that their hardware wallet is completely secure, however, it’s important to keep in mind that hardware wallets from rival firms like TREZOR and Ledger are made in a way that no outside attacker can view your private key. For example, even if the TREZOR is connected TREZOR with a compromised system that is infected with viruses, your private keys remain secure and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design. It is completely unconnected to any computer or network that is, it doesn’t have wireless or wired connections. Instead, it transmits QR codes using cameras on its rear end. This makes it an extremely secure choice as it removes the possibility of hackers getting gain access to private information via the network. It’s important to note that this also means that the Ellipal wallet is not as user-friendly as other wallets that are hardware-based that can be linked to a computer for easy transactions.
The Ellipal wallet costs $149 and is relatively brand new in the marketplace, which implies that it has not been combat-tested to date. This is something that potential buyers need to keep in mind when considering purchasing the Ellipal wallet. Comparatively, both of the leading hardware wallet makers today (TREZOR and Ledger) have been around for a longer time and have a an established track record of security.
In terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support the following coins: a few, including Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is less than the number of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some customers. The company is currently working on adding support for more coins in the near future.
In conclusion In conclusion, Ellipal wallet is a good choice. Ellipal wallet has been a fresh player on the market of hardware wallets, promising to be 100% secure due to its complete inaccessibility to any network or computer. Its creators are new, and the product hasn’t been tested in battle yet. The Ellipal wallet is currently compatible with only a few coins and the price of $149 is on par with the other options. Although the concept of a completely separated hardware wallet sounds appealing however, you should consider the history and security features of other hardware wallets before making a choice. In the end, the decision on whether the Ellipal wallet is worth the cost is up to the individual. It’s a safe option with a unique design but it’s not as convenient to use as other wallets. Additionally, it’s an extremely new product available on the market.