The cryptocurrency market has witnessed a significant increase in the number of wallets that are hardware in recent years. Each promising 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 its rivals by providing an unrivalled solution. As cryptocurrency usage grows more commonplace it is becoming more important to safe security for digital asset storage becomes more important. It is the Ellipal wallet can be described as a device which keeps the private keys to digital assets indefinitely to prevent hackers from taking them remotely.
Ellipal the company that developed the wallet’s hardware component is a relatively new company on the market. The company raised $55K via the course of an Indiegogo campaign to finance its development. The company’s website as well as reviews online claim the hardware wallet as 100% safe, however it is important to remember that hardware wallets from rival companies like TREZOR as well as Ledger are made in a way that no attacker from outside is able to view your private key. For instance, even if you connect your TREZOR with a compromised device which is infected by viruses, your private keys are still protected and safe.
The Ellipal wallet is distinctive in its design, it is completely unconnected to any computer or network that is, it doesn’t have wireless or wired connections. Instead, it communicates via QR codes using a camera on the back of the. This makes it a very safe option since it blocks the possibility of hackers getting access to the private key through a network connection. It’s important to note that this also means that the Ellipal wallet is not as user-friendly as other hardware wallets that can be linked to a computer for easy transactions.
The Ellipal wallet costs $149 and is relatively recent to market meaning that it’s not combat-tested to date. This is something that potential buyers must take into consideration when purchasing Ellipal. Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR and Ledger) are around for a longer time and have a established track records of security.
In terms of support for coin in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet supports the following coins: a few, including Bitcoin, Ethereum, Litecoin along with ERC20 tokens. It is lower than the amount of coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some users. However, the company is working to add support for more coins in the near future.
In the end In conclusion, Ellipal wallet is a good choice. Ellipal device is an fresh player on the hardware wallet market and promises to be completely secure due to its complete inaccessibility to any computer or network. Ellipal is a company that’s new and the product has not been tested in battle yet. The Ellipal wallet currently supports only a few coins and the price of $149 is on par with other wallets. While the idea of a totally exclusive hardware wallet is appealing but it’s crucial to look at the security and track record measures of other wallets before making a decision. The final decision about whether the Ellipal product is worthwhile for the price is up to the person who buys it. It’s an extremely secure choice with a unique design however, it’s not as user-friendly for use like other wallets, and it’s an extremely new product on the market.