The cryptocurrency market has seen an significant rise in the number of hardware wallets available on the market in recent years, each claims to keep digital assets secure and safe. Its Ellipal wallet is the latest entrant in this field and hopes to differentiate from the crowd by providing an entirely separate solution. As the use of cryptocurrency grows more commonplace, the need for safe the storage and protection of assets becomes increasingly important. Ellipal wallet Ellipal digital wallet device that keeps the private key to digital assets off-line, preventing hackers from stealing them from a remote location.
Ellipal, the company behind the hardware wallet is a relatively new player in the market. The company raised $55K via an Indiegogo campaign to fund research and development for their products. The company’s website as well as reviews online claim they are completely secure, but it’s important to note that the hardware wallets of competing companies such as TREZOR and Ledger are constructed in a manner that no one outside can view your private key. In the event that, for instance, the TREZOR is connected TREZOR to a compromised device which is infected by viruses Your private keys will remain protected and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design. It is completely isolated from any computer or network that is, it doesn’t have wired or wireless connectivity. Instead, it communicates through QR codes using a camera on the rear end. This makes it a highly safe option since it blocks the possibility of hackers gaining gain access to private information by the network. It’s important to note that this also means that the Ellipal wallet isn’t as user-friendly as other wallets that are hardware-based that connect to a computer to facilitate transactions.
The Ellipal wallet costs $149 and is relatively recent to market which means that it’s not tested in battle yet. This is something potential buyers should be aware of when buying the Ellipal wallet. Comparatively, both of the leading hardware wallet makers today (TREZOR and Ledger) were in business for longer and have a established track records of security.
Regarding support for coins in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports only a small number of coins, including Bitcoin, Ethereum, Litecoin along with ERC20 tokens. This is fewer than the number of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some buyers. The company is working to add the support of more coins in the near future.
In conclusion, Ellipal wallet is a good choice. Ellipal wallet is a fresh player in the market for hardware wallets and promises to be 100% secure due to its complete isolation from any computer or network. Ellipal is a company that’s relatively new and the product hasn’t been battle-tested yet. The Ellipal wallet is currently compatible with a limited number of coins and the price of $149 is in line with its competitors. Although the idea of a completely exclusive hardware wallet is appealing but it’s crucial to look at the history and security measures of other wallets prior to making a decision. The final decision about whether the Ellipal wallet is worth the price is entirely up to the user. It’s a very secure option that has a modern design however, it’s not as user-friendly for use like other wallets. Additionally, it’s an extremely new product available on the market.