The cryptocurrency market has witnessed a significant increase in the number of hardware wallets in recent years, each claims that digital assets will be safe and secure. Ellipal is one of them. Ellipal wallet is a brand new entrant in this field and hopes to differentiate from the crowd by providing an unrivalled solution. As cryptocurrency usage becomes more mainstream it is becoming more important to secure security for digital asset storage becomes increasingly important. Ellipal wallet Ellipal wallet is a device that stores the private key to digital assets indefinitely to prevent hackers from taking them remotely.
Ellipal the company that developed the hardware wallet is a relatively new company on the market. The company raised $55K via the course of an Indiegogo campaign to fund the development of their product. The company’s website as well as online reviews claim the hardware wallet as 100% safe, however it is important to keep in mind that hardware wallets of rival firms such as TREZOR and Ledger are made in a way that no attacker from outside is able to access your private keys. For instance, even if you connect your TREZOR on a compromised system that is infected with viruses, your private keys remain secure and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely unconnected to any computer or network that is, it doesn’t have wireless or wired connectivity. Instead, it communicates via QR codes via an image camera at the back of the. This makes it a highly secure choice as it removes the possibility of a hacker gaining gain access to private information via a network connection. It’s important to note that this could mean that the Ellipal wallet isn’t as convenient to use like other wallets on hardware that can be linked to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is fairly new to the market, which means that it’s not battle-tested yet. This is something potential buyers should keep in mind when considering purchasing this Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR and Ledger) were in business for longer and have 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 which include Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is fewer than the coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some buyers. The company is working to add more support for coins in the near future.
In conclusion, it is clear that the Ellipal wallet has been a new competitor in the market of hardware wallets, promising 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 is currently compatible with only a few coins and its price at $149 is comparable with the other options. Although the idea of a totally separated hardware wallet sounds appealing however, you should consider the security and track record measures of other hardware wallet options before making a decision. The final decision about whether the Ellipal product is worthwhile for the price is up to the individual. It’s an extremely secure choice with a unique design however, it’s not as easy in use as the other wallets, and it’s a relatively new product on the market.