The cryptocurrency market has seen an significant rise in the number of hardware wallets available in recent years, all claims that digital assets will be secure and safe. Its Ellipal wallet is a brand new entrant in this field and hopes to differentiate from its competitors by offering an entirely separate solution. As cryptocurrency usage becomes more mainstream and more commonplace, the need for secure storage of digital assets becomes increasingly important. Ellipal wallet Ellipal wallet is a gadget that keeps the private key to digital assets indefinitely, preventing hackers from stealing their assets from a remote location.
Ellipal, the company behind the hardware wallet is a relatively young player in the market. They raised $55K in an Indiegogo campaign to help fund the development of their product. The website of the company and its online reviews state they are 100% safe, however it is important to remember that hardware wallets from rival companies such as TREZOR as well as Ledger are also designed in a way that no one outside can access your private keys. For example, even if you connect your TREZOR on a compromised device that is infected with viruses, your private keys will remain safe and secure.
Its Ellipal wallet is unique in its design, it is completely disconnected from any network or computer that is, it doesn’t have wireless or wired connections. Instead, it communicates through QR codes using cameras on its back of the. This makes it a highly safe option since it blocks the possibility of a hacker gaining an access point to your private keys by a network connection. However, it’s worth noting that this also means that the Ellipal wallet is not so user-friendly as other hardware wallets that can be linked to a computer for simple transactions.
The Ellipal wallet costs $149 and is fairly brand new in the marketplace, which means that it’s not battle-tested yet. This is something potential buyers need to take into consideration 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 proven track record of security.
In terms of support for coin In terms of support for coins, 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 fewer than the coins supported by its competitors, TREZOR and Ledger, which could be a problem for some buyers. However, the company is working to provide more support for coins in the future.
In conclusion it is clear that the Ellipal wallet has been a new player on the market of hardware wallets that claims to be completely safe due to its total inaccessibility to any network or computer. Its creators are new, and the product has not been tested in battle yet. The Ellipal wallet currently supports 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 but it’s crucial to look at the track record and security features of other hardware wallets prior to making a decision. Ultimately, the decision of whether the Ellipal wallet is worth the cost is up to the individual. It’s an extremely secure choice that has a modern design however, it’s not as easy in use as the other wallets. It’s also a relatively new product that’s available.