The cryptocurrency market has witnessed an significant increase in the number of wallets that are hardware in recent years, all claims that digital assets will be safe and secure. The Ellipal wallet is a new entry into the market and is aiming to differentiate itself from its competitors by offering an unrivalled solution. As the use of cryptocurrency grows more commonplace it is becoming more important to secure the storage and protection of assets is becoming increasingly essential. Ellipal wallet Ellipal digital wallet gadget that keeps the private key to digital assets indefinitely, preventing hackers from stealing them from a remote location.
Ellipal the company that developed the wallet’s hardware is a relatively young company on the market. The company raised $55K via an Indiegogo campaign to finance its development. The company’s website and online reviews claim that their hardware wallet is completely secure, however, it’s important to note that the hardware wallets from rival companies such as TREZOR and Ledger are made in a way that no outside attacker can see your private keys. For instance, even if it is possible to connect your TREZOR on a compromised computer that is infected with viruses your private keys remain safe and secure.
The Ellipal wallet is unique in its design. It is completely disconnected from any computer or network which means it does not have wireless or wired connections. Instead, it communicates through QR codes via cameras on its rear end. This makes it a very safe option since it blocks the possibility of hackers gaining an access point to your private keys through an internet connection. It’s important to note that this could mean that the Ellipal wallet is not as convenient to use as other wallets that are hardware-based that can be linked to a computer for easy transactions.
The Ellipal wallet retails for $149. It is relatively new to the market, meaning that it has not been tested in battle yet. This is something that potential buyers should be aware of when buying this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR and Ledger) have been on the market for longer and have an established track record of security.
In terms of support for coin, the Ellipal wallet currently supports only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. It is lower than the amount of coins supported by its competitors, TREZOR and Ledger, which may be a concern for some users. However, the company is working to provide support for more coins in the near future.
In conclusion In conclusion, Ellipal wallet is a good choice. Ellipal wallet is a fresh player on the market of hardware wallets that claims to be completely safe due to its total inaccessibility to any computer or network. Ellipal is a company that’s relatively new, and the product has not been battle-tested yet. The Ellipal wallet is currently compatible with only a few coins and the price at $149 is comparable with other wallets. While the idea of a totally separated hardware wallet sounds appealing but it’s crucial to look at the history and security features of other hardware wallet options before making a choice. Ultimately, the decision of whether the Ellipal product is worthwhile for the price is up to the individual. It’s a safe option with an innovative design, but it’s not as convenient for use like other hardware wallets, and it’s an all-new product available on the market.