The world of cryptocurrency has seen a significant rise in the number of hardware wallets available in recent years, all promising to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a brand new competitor in the field, and aims to stand out from its competitors by offering a completely isolated solution. As the use of cryptocurrency is becoming more widespread it is becoming more important to secure storage of digital assets is becoming increasingly important. Ellipal wallet Ellipal wallet can be described as a device that stores the private key to digital assets indefinitely, preventing hackers from stealing their assets remotely.
Ellipal, the company behind the wallet’s hardware is a relatively new company on the market. It raised $55K through an Indiegogo campaign to finance research and development for their products. The company’s website and online reviews claim that their hardware wallet is 100% secure, however, it’s important to remember that hardware wallets from rival firms like TREZOR and Ledger are constructed in a manner that no attacker from outside is able to see your private keys. For instance, even if you connect your TREZOR with a compromised computer which is infected by viruses Your private keys are still secure and safe.
Its Ellipal wallet is distinctive in its design. It is completely disconnected from any computer or network that is, it doesn’t have wireless or wired connections. Instead, it communicates through QR codes via an image camera at the rear end. This makes it a very secure option as it eliminates the possibility of a hacker having gain access to private information through an internet connection. However, it’s worth noting that this means the Ellipal wallet is not as convenient to use like other wallets on hardware that connect to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is relatively brand new in the marketplace, which implies that it isn’t battle-tested yet. This is something potential buyers must keep in mind when considering buying Ellipal. Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR as well as Ledger) were on the market for longer and have a proven track record of security.
Regarding support for coins in terms of coin support, the Ellipal wallet is currently able to support a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin along with ERC20 tokens. It is lower than the amount of coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some buyers. But, the company is working to add the support of more coins in the near future.
In the end In conclusion, Ellipal wallet is a good choice. Ellipal wallet is a new player on the market of hardware wallets that claims that it is 100% safe due to its total separation from any computer or network. The company behind it is relatively new, and the product hasn’t been battle-tested as of yet. The Ellipal wallet currently supports the use of a small number of 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 measures of other hardware wallets prior to making a decision. Ultimately, the decision of whether the Ellipal wallet is worth the price is up to the person who buys it. It’s a very secure option with an innovative design, however, it’s not as user-friendly to use as other hardware wallets, and it’s an all-new product that’s available.