The cryptocurrency market has seen an significant rise in the number of hardware wallets available on the market in recent years, all promising that digital assets will be secure and safe. The Ellipal wallet is the latest competitor in the field, and is aiming to differentiate itself from the crowd by providing a completely isolated solution. As the use of cryptocurrency is becoming more widespread, the need for secure the storage and protection of assets becomes more crucial. Ellipal wallet Ellipal digital wallet 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 wallet’s hardware is a relatively young company on the market. They raised $55K in an Indiegogo campaign to finance the development of their product. The company’s website and online reviews claim the hardware wallet as completely secure, but it’s important to keep in mind that hardware wallets of competing companies like TREZOR and Ledger are made in a way that no one outside can view your private key. For instance, even if the TREZOR is connected TREZOR on a compromised device that is infected with viruses Your private keys are still secure and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely disconnected from any computer or network that is, it doesn’t have wired or wireless connectivity. Instead, it transmits QR codes using an image camera at the rear end. This makes it an extremely secure option as it eliminates the possibility of a hacker gaining access to the private key through a network connection. However, it’s worth noting that this means the Ellipal wallet isn’t so user-friendly as other hardware wallets that connect to a computer for easy transactions.
The Ellipal wallet costs $149 and is fairly recent to market meaning that it isn’t tested in battle yet. This is something potential buyers should keep in mind when considering buying the Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR and Ledger) are on the market for longer and have established track records of security.
In terms of coin support In terms of support for coins, the Ellipal wallet is currently able to support a limited number of coins which include Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is fewer than the coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some customers. However, the company is currently working on adding more support for coins in the near future.
In the end it is clear that Ellipal wallet is a good choice. Ellipal wallet is a brand new player in the hardware wallet market and promises that it is 100% secure due to its complete inaccessibility to any network or computer. Ellipal is a company that’s relatively new and the product hasn’t been battle-tested as of yet. The Ellipal wallet currently supports only a few coins and the price at $149 is comparable with other wallets. While the idea of a totally exclusive hardware wallet is appealing, it’s important to consider the track record and security measures of other hardware wallets before making a choice. The final decision about whether or not the Ellipal wallet is worth the price is up to the person who buys it. It’s an extremely secure choice that has a modern design but it’s not as convenient in use as the other hardware wallets. It’s also an extremely new product that’s available.