The world of cryptocurrency has seen a significant increase in the number of wallets that are hardware on the market in recent years, all claims that digital assets will be secure and safe. Ellipal is one of them. Ellipal wallet is a new competitor in the field, and hopes to differentiate from the crowd by providing a completely isolated solution. As the use of cryptocurrency grows more commonplace it is becoming more important to safe storage of digital assets becomes more essential. The Ellipal wallet can be described as a device that keeps the private key to digital assets off-line, preventing hackers from stealing the keys from a remote location.
Ellipal, the company behind the wallet’s hardware, is a relatively new competitor in the market. It raised $55K through an Indiegogo campaign to finance its development. The website of the company and its online reviews claim they are completely secure, but it’s important to remember that hardware wallets of rival businesses like TREZOR as well as Ledger are made in a way that no attacker from outside is able to access your private keys. For example, even if the TREZOR is connected TREZOR to a compromised device that is infected with viruses, your private keys will remain secure and safe.
Its Ellipal wallet is distinctive in its design, it is completely unconnected to any network or computer which means it does not have wireless or wired connectivity. Instead, it communicates through QR codes using a camera on the rear end. This makes it an extremely secure option as it eliminates the possibility of a hacker getting gain access to private information through an internet connection. However, it’s worth noting that this means the Ellipal wallet is not so user-friendly like other wallets on hardware that can be linked to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is fairly brand new in the marketplace, which means that it has not been tested in battle yet. This is something prospective buyers must take into consideration when buying the Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR as well as Ledger) have been in business for longer and have a proven track record of security.
In terms of support for coin 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. 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 conclusion In conclusion, Ellipal wallet is a good choice. Ellipal wallet has been a brand new player on the hardware wallet market and promises that it is 100% secure because of its complete inaccessibility to any network or computer. The company behind it is new and the product hasn’t been tested in battle yet. The Ellipal wallet currently supports only a few coins and the price at $149 is comparable with the other options. Although the concept of a completely isolated hardware wallet is intriguing but it’s crucial to look at the track record and security measures of other wallets before making a decision. The final decision about whether or not the Ellipal wallet is worth the price is entirely up to the user. It’s an extremely secure choice with a unique design but it’s not as convenient for use like other wallets, and it’s a relatively new product that’s available.