The world of cryptocurrency has witnessed a significant rise in the number of hardware wallets in recent years. Each promises that digital assets will be safe and secure. The Ellipal wallet is the latest competitor in the field, and is aiming to differentiate itself from its competitors by offering a completely isolated solution. As the use of cryptocurrency becomes more mainstream it is becoming more important to secure storage of digital assets becomes more important. The Ellipal wallet is a tool which keeps the private keys to digital assets off-line to prevent hackers from taking the keys remotely.
Ellipal the company that developed the hardware wallet is a relatively new competitor in the market. The company raised $55K via an Indiegogo campaign to fund its development. The company’s website and online reviews claim they are 100% secure, but it’s important to remember that hardware wallets of competing businesses such as TREZOR as well as Ledger are also designed in a way that no attacker from outside is able to access your private keys. In the event that, for instance, the TREZOR is connected TREZOR on a compromised device that is infected with viruses, your private keys will remain secure and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive 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 via QR codes via a camera on the rear end. This makes it an extremely safe option since it blocks the possibility of hackers gaining gain access to private information via an internet connection. However, it’s important to remember that this could mean that the Ellipal wallet is not as convenient to use like other wallets on hardware that can be linked to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is relatively new to the market, meaning that it has not been battle-tested yet. This is something prospective buyers should be aware of when buying this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR as well as Ledger) were around for longer and have a an established track record of security.
Regarding support for coins In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports a limited number of coins, including Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is less than the coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some users. The company is working to provide support for more coins in the future.
In the end, Ellipal wallet is a good choice. Ellipal device is an new player in the hardware wallet market that claims to be 100% secure due to its complete separation from any computer or network. Ellipal is a company that’s relatively new, and the product hasn’t been tested in battle yet. The Ellipal wallet supports a limited number of coins, and its price tag at $149 is comparable with its competitors. While the idea of a totally exclusive hardware wallet is appealing but it’s crucial to look at the track record and security measures of other wallet options before making a decision. In the end, the decision on whether the Ellipal wallet is worth the price is entirely up to the user. It’s a very secure option with an innovative design, but it’s not as convenient to use as other wallets, and it’s an all-new product on the market.