The world of cryptocurrency has seen an significant increase in the amount of wallets that are hardware on the market in recent years, each promises to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is the latest entry into the market and aims to stand out from the crowd by providing an unrivalled solution. As cryptocurrency usage grows more commonplace it is becoming more important to safe the storage and protection of assets becomes more essential. Ellipal wallet Ellipal wallet is a tool which keeps the private keys to digital assets offline, preventing hackers from stealing the keys remotely.
Ellipal the company that developed the wallet’s hardware is a relatively new company on the market. It raised $55K through an Indiegogo campaign to help fund the development of their product. The company’s website as well as online reviews state the hardware wallet as 100% secure, but it’s important to remember that hardware wallets from rival companies like TREZOR as well as Ledger are also designed in a way that no one outside can view your private key. For example, even if you connect your TREZOR with a compromised computer which is infected by viruses your private keys remain protected and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design. It is completely isolated from any computer or network, meaning it has no wired or wireless connectivity. Instead, it communicates through QR codes via an image camera at the rear end. This makes it an extremely safe option since it blocks the possibility of a hacker gaining an access point to your private keys through the network. It’s important to note that this also means that the Ellipal wallet isn’t so user-friendly as other wallets that are hardware-based, which can be connected to a computer for simple transactions.
The Ellipal wallet retails for $149. It is fairly brand new in the marketplace, meaning that it has not been combat-tested to date. This is something prospective buyers need to keep in mind when considering buying the Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR and Ledger) have been around for longer and have a proven track record of security.
In terms of support for coin, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports the following coins: a few, including Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is less than the number of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some users. The company is currently working on adding more support for coins in the future.
In conclusion, Ellipal wallet is a good choice. Ellipal wallet has been a fresh player in the hardware wallet market that claims to be 100% safe due to its total separation from any network or computer. The company behind it is new and the product has not been battle-tested yet. The Ellipal wallet is currently compatible with a limited number of coins, and its price tag of $149 is in line with other wallets. Although the concept of a fully isolated hardware wallet is intriguing, it’s important to consider the history and security measures of other wallets prior to making a decision. Ultimately, the decision of whether or not the Ellipal wallet is worth the cost is up to the person who buys it. It’s a very secure option that has a modern design however, it’s not as easy for use like other hardware wallets. Additionally, it’s an extremely new product that’s available.