The world of cryptocurrency has witnessed a significant rise in the number of hardware wallets available in recent years. Each promising to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is the latest entry into the market and aims to stand out from its competitors by offering an unrivalled solution. As cryptocurrency usage becomes more mainstream, the need for safe security for digital asset storage is becoming increasingly essential. It is the Ellipal digital wallet device which keeps the private keys to digital assets indefinitely and prevents hackers from taking them remotely.
Ellipal, the company behind the hardware wallet is a relatively young player in the market. It raised $55K through an Indiegogo campaign to finance its development. The company’s website and online reviews state that their hardware wallet is 100% safe, however it is important to keep in mind that hardware wallets of competing firms like TREZOR and Ledger are also designed in a way that no one outside can view your private key. In the event that, for instance, the TREZOR is connected TREZOR to a compromised device that has been infected with viruses, your private keys are still secure and safe.
Its Ellipal wallet is unique in its design, it is completely disconnected from any computer or network that is, it doesn’t have wired or wireless connectivity. Instead, it communicates through QR codes through a camera on the rear of the. This makes it an extremely secure choice as it removes the possibility of hackers getting gain access to private information through the network. However, it’s important to remember that this could mean that the Ellipal wallet isn’t as user-friendly as other hardware wallets, which can be connected to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is relatively recent to market which implies that it has not been combat-tested to date. This is something prospective buyers should be aware of when purchasing Ellipal. Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR as well as Ledger) were on the market for a longer time and have a proven track record of security.
Regarding support for coins, the Ellipal wallet supports only a small number of coins, including Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is less than the 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 near future.
In the end, the Ellipal device is an brand new player on the market for hardware wallets that claims to be completely secure because of its complete separation from any network or computer. The company behind it is relatively new and the product has not been battle-tested as of yet. The Ellipal wallet currently supports a limited number of coins and its price of $149 is on par with other wallets. While the idea of a fully isolated hardware wallet is intriguing however, you should consider the security and track record measures of other hardware wallets prior to making a decision. In the end, the decision on whether the Ellipal device is well worth the cost is entirely up to the user. It’s a very secure option that has a modern design however, it’s not as easy to use as other wallets, and it’s an all-new product on the market.