The cryptocurrency market has seen a significant increase in the amount of hardware wallets in recent years. Each promises that digital assets will be safe and secure. Ellipal is one of them. Ellipal wallet is a new entry into the market and aims to stand out from the crowd by providing an unrivalled solution. As the use of cryptocurrency is becoming more widespread and more commonplace, the need for safe the storage and protection of assets becomes increasingly crucial. Ellipal wallet Ellipal wallet is a device which keeps the private keys to digital assets off-line and prevents hackers from taking them from a remote location.
Ellipal, the company behind the hardware wallet is a relatively young player in the market. The company raised $55K via an Indiegogo campaign to help fund its development. The company’s website and reviews online claim they are completely secure, but it’s important to note that the hardware wallets from rival businesses such as TREZOR as well as Ledger are also designed in a way that no one outside can access your private keys. For example, even if you connect your TREZOR to a compromised computer which is infected by viruses, your private keys will remain secure and safe.
The Ellipal wallet is unique in its design. It is completely unconnected to any network or computer, meaning it has no wireless or wired connectivity. Instead, it communicates via QR codes through a camera on the back of the. This makes it an extremely secure choice as it removes the possibility of a hacker getting gain access to private information by an internet connection. However, it’s worth noting that this could mean that the Ellipal wallet is not so user-friendly as other hardware wallets that can be linked to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is relatively recent to market which implies that it’s not battle-tested yet. This is something potential buyers need to be aware of when purchasing Ellipal. Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR as well as Ledger) have been in business for longer and have proven track record of security.
Regarding support for coins in terms of coin support, the Ellipal wallet supports the following coins: a few which include Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is less than the number of coins supported by its competitors, TREZOR and Ledger, which may be a concern for some buyers. The company is currently working on adding more support for coins in the near future.
In conclusion it is clear that the Ellipal wallet is a fresh player on the market of hardware wallets and promises that it is 100% secure due to its complete inaccessibility to any computer or network. Its creators are new, and the product has not been tested in battle yet. The Ellipal wallet currently supports the use of a small number of coins, and its price tag at $149 is comparable with the other options. Although the concept of a completely isolated hardware wallet is intriguing however, you should consider the security and track record measures of other hardware wallet options before making a choice. In the end, the decision on whether the Ellipal wallet is worth the cost is entirely up to the user. It’s an extremely secure choice that has a modern design but it’s not as convenient for use like other wallets. It’s also a relatively new product that’s available.