The world of cryptocurrency has seen an significant increase in the amount of hardware wallets available in recent years. Each promising to keep digital assets secure and safe. The Ellipal wallet is a brand new entry into the market and is aiming to differentiate itself from the crowd by providing an entirely separate solution. As cryptocurrency usage is becoming more widespread and more commonplace, the need for safe security for digital asset storage becomes increasingly crucial. It is the Ellipal wallet can be described as a gadget which keeps the private keys to digital assets indefinitely, preventing hackers from stealing their assets remotely.
Ellipal, the company behind the hardware wallet is a relatively young company on the market. It raised $55K through an Indiegogo campaign to fund the development of their product. The website of the company and its online reviews state they are 100% secure, however, it’s important to remember that hardware wallets of rival businesses such as TREZOR as well as Ledger are made in a way that no attacker from outside is able to view your private key. In the event that, for instance, it is possible to connect your TREZOR to a compromised system that is infected with viruses, your private keys are still safe and secure.
The Ellipal wallet is unique in its design. It is completely isolated from any computer or network 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 a highly secure choice as it removes the possibility of hackers having access to the private key through the network. However, it’s important to remember that this could mean that the Ellipal wallet is not as user-friendly as other hardware wallets, which can be connected to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is relatively new to the market, which implies that it isn’t combat-tested to date. This is something potential buyers need to be aware of when purchasing Ellipal. Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR and Ledger) are in business for longer 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 supports a limited number of coins, including Bitcoin, Ethereum, Litecoin, and ERC20 tokens. It is lower than the coins supported by its competitors, TREZOR and Ledger, which could be a problem for some buyers. However, the company is currently working on adding support for more coins in the near future.
In the end In conclusion, the Ellipal wallet is a brand new player on the market of hardware wallets and promises to be 100% safe due to its total separation from any network or computer. Ellipal is a company that’s new and the product hasn’t been tested in battle yet. The Ellipal wallet supports the use of a small number of coins and its price of $149 is in line with other wallets. Although the concept of a fully exclusive hardware wallet is appealing however, you should consider the history and security features of other hardware wallets before making a choice. The final decision about whether the Ellipal device is well worth the cost is up to the person who buys it. It’s a safe option with a unique design but it’s not as convenient in use as the other hardware wallets. Additionally, it’s an extremely new product on the market.