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Ellipal S Hardware Wallet, Keep Your Crypto Safe:

The cryptocurrency market has seen a significant rise in the number of hardware wallets on the market in recent years, each promising to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is the latest competitor in the field, and is aiming to differentiate itself from the crowd by providing an unrivalled solution. As cryptocurrency usage grows more commonplace it is becoming more important to secure security for digital asset storage becomes increasingly essential. Ellipal wallet Ellipal digital wallet tool that keeps the private key to digital assets offline and prevents hackers from taking the keys from a remote location.

Ellipal, the company behind the hardware wallet is a relatively young company on the market. It raised $55K through the course of an Indiegogo campaign to finance the development of their product. The website of the company and its online reviews state the hardware wallet as completely secure, however, it’s important to keep in mind that hardware wallets of rival companies such as TREZOR and Ledger are made in a way that no one outside can see your private keys. For instance, even if it is possible to connect your TREZOR to a compromised system that has been infected with viruses your private keys will remain safe and secure.

The Ellipal wallet is distinctive in its design, it is completely unconnected to any network or computer, meaning it has no wireless or wired connections. Instead, it communicates via QR codes through a camera on the rear end. This makes it a highly secure option as it eliminates the possibility of a hacker getting access to the private key by the network. However, it’s important to remember that this also means that the Ellipal wallet isn’t as user-friendly as other hardware wallets, which can be connected to a computer to facilitate transactions.

The Ellipal wallet is priced at $149. It is fairly recent to market which implies that it has not been battle-tested yet. This is something prospective buyers should keep in mind when considering purchasing this Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR and Ledger) have been in business for longer and have a proven track record of security.

Regarding support for coins in terms of coin support, the Ellipal wallet 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 that are supported by its rivals, TREZOR and Ledger, which may be a concern for some customers. However, the company is currently working on adding the support of more coins in the future.

In conclusion it is clear that it is clear that the Ellipal wallet is a brand new competitor in the hardware wallet market that claims that it is 100% secure because of its complete separation from any computer or network. Its creators are 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 of $149 is in line with other wallets. Although the idea of a fully isolated hardware wallet is intriguing, it’s important to consider the security and track record measures of other wallet options before making a choice. Ultimately, the decision of whether or not the Ellipal wallet is worth the cost is up to the person who buys it. It’s a very secure option with an innovative design, however, it’s not as user-friendly to use as other hardware wallets, and it’s an extremely new product that’s available.