The cryptocurrency market has seen a significant rise in the number of hardware wallets available on the market in recent years, all promises to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is the latest entry into the market and is aiming to differentiate itself from the crowd by providing an entirely separate solution. As cryptocurrency usage becomes more mainstream and more commonplace, the need for secure storage of digital assets becomes more crucial. The 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 hardware wallet is a relatively new player in the market. They raised $55K in the course of an Indiegogo campaign to finance its development. The website of the company and its online reviews state the hardware wallet as 100% secure, however, it’s important to note that the hardware wallets from rival companies like TREZOR as well as Ledger are also designed in a way that no outside attacker can view your private key. For instance, even if it is possible to connect your TREZOR with a compromised system which is infected by viruses Your private keys will remain safe and secure.
Its Ellipal wallet is unique in its design. It is completely disconnected from any network or computer which means it does not have wireless or wired connections. Instead, it communicates through QR codes via cameras on its rear of the. This makes it a very secure option as it eliminates the possibility of a hacker gaining gain access to private information through an internet connection. However, it’s important to remember that this means the Ellipal wallet isn’t as convenient to use as other hardware wallets that connect to a computer to facilitate transactions.
The Ellipal wallet retails for $149. It is relatively new to the market, which implies that it’s not combat-tested to date. This is something potential buyers need to take into consideration when buying the Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR as well as Ledger) have been in business for a longer time and have a an established track record of security.
Regarding support for coins In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is less than the number of coins supported by its competitors, TREZOR and Ledger, which may be a concern for some buyers. The company is working to provide the support of more coins in the future.
In conclusion it is clear that Ellipal wallet is a good choice. Ellipal device is an new player on the market of hardware wallets and promises to be 100% secure because of its complete separation from any computer or network. Ellipal is a company that’s new, and the product has not been battle-tested yet. The Ellipal wallet is currently compatible with only a few coins and the price of $149 is in line with the other options. Although 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 prior to making a decision. The final decision about whether or not the Ellipal wallet is worth the price is up to the person who buys it. It’s a safe option with a unique design but it’s not as convenient to use as other wallets, and it’s an all-new product on the market.