The cryptocurrency market has seen a significant increase in the amount of hardware wallets available on the market in recent years, each promises that digital assets will be secure and safe. The Ellipal wallet is a brand new competitor in the field, and is aiming to differentiate itself from its rivals by providing an unrivalled solution. As cryptocurrency usage is becoming more widespread and more commonplace, the need for safe the storage and protection of assets becomes increasingly crucial. The Ellipal wallet is a device that keeps the private key to digital assets off-line and prevents hackers from taking the keys from a remote location.
Ellipal, the company behind the wallet’s hardware is a relatively young competitor in the market. They raised $55K in the course of an Indiegogo campaign to finance research and development for their products. The website of the company and its online reviews claim that their hardware wallet is 100% secure, however, it’s important to keep in mind that hardware wallets of rival businesses such as TREZOR and Ledger are also designed in a way that no attacker from outside is able to see your private keys. For example, even if the TREZOR is connected TREZOR with a compromised computer that has been infected with viruses Your private keys are still secure 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 through QR codes using cameras on its back of the. This makes it a very secure option as it eliminates the possibility of a hacker gaining access to the private key by a network connection. It’s important to note that this means the Ellipal wallet isn’t so user-friendly as other hardware wallets that connect to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is fairly brand new in the marketplace, which implies that it has not been tested in battle yet. This is something prospective buyers must take into consideration when buying this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers of today (TREZOR and Ledger) have been on the market for longer and have a an established track record of security.
In terms of coin support In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is fewer than the number of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some buyers. However, the company is working to provide more support for coins in the future.
In conclusion it is clear that Ellipal wallet is a good choice. Ellipal wallet has been a fresh player on the market of hardware wallets and promises to be completely secure due to its complete separation from any network or computer. Ellipal is a company that’s relatively new and the product has not been battle-tested yet. The Ellipal wallet supports a limited number of coins and its price of $149 is on par with its competitors. While the idea of a completely exclusive hardware wallet is appealing, it’s important to consider the track record and security features of other hardware wallet options before making a choice. In the end, the decision on whether or not the Ellipal wallet is worth the price is entirely up to the user. It’s a very secure option with a unique design however, it’s not as user-friendly for use like other wallets. It’s also a relatively new product that’s available.