The cryptocurrency market has seen a significant increase in the amount of hardware wallets available on the market in recent years. Each promising to keep digital assets secure and safe. The Ellipal wallet is a brand new competitor in the field, and hopes to differentiate from the crowd by providing an entirely separate solution. As cryptocurrency usage is becoming more widespread and more commonplace, the need for safe the storage and protection of assets is becoming increasingly essential. Ellipal wallet Ellipal digital wallet device which keeps the private keys to digital assets off-line and prevents hackers from taking the keys from a remote location.
Ellipal the company that developed the hardware wallet is a relatively new player in the market. It raised $55K through the course of an Indiegogo campaign to fund the development of their product. The company’s website as well as reviews online claim that their hardware wallet is completely secure, but it’s important to remember that hardware wallets from rival firms such as TREZOR and Ledger are constructed in a manner that no attacker from outside is able to view your private key. For example, even if you connect your TREZOR with a compromised device that is infected with viruses Your private keys are still safe and secure.
The Ellipal wallet is unique in its design, it is completely unconnected to any network or computer which means it does not have wireless or wired connectivity. Instead, it communicates via QR codes via cameras on its rear of the. This makes it a very secure option as it eliminates the possibility of hackers gaining an access point to your private keys via an internet connection. However, it’s worth noting that this could mean that the Ellipal wallet is not as user-friendly like other wallets on hardware that connect to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is fairly new to the market, which means that it isn’t combat-tested to date. This is something potential buyers need to keep in mind when considering buying this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers of today (TREZOR as well as Ledger) are on the market for longer and have proven track record of security.
In terms of support for coin In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet supports the following coins: a few, including Bitcoin, Ethereum, Litecoin along with ERC20 tokens. This is less than the amount of coins supported by its competitors, TREZOR and Ledger, which may be a concern for some customers. The company is currently working on adding support for more coins in the future.
In the end, it is clear that the Ellipal wallet is a brand new player on the market of hardware wallets and promises that it is 100% secure due to its complete inaccessibility to any computer or network. The company behind it is new, and the product has not been battle-tested as of yet. The Ellipal wallet is currently compatible with a limited number of coins and its price of $149 is on par with other wallets. Although the concept of a fully isolated hardware wallet is intriguing however, you should consider the track record and security features of other hardware wallets before making a choice. Ultimately, the decision of whether or not the Ellipal wallet is worth the price is up to the person who buys it. It’s a very secure option that has a modern design however, it’s not as easy in use as the other wallets, and it’s a relatively new product on the market.