The world of cryptocurrency has witnessed a significant increase in the number of hardware wallets available on the market in recent years, all claims to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a brand new entry into the market and is aiming to differentiate itself from the crowd by providing an entirely separate solution. As cryptocurrency usage becomes more mainstream it is becoming more important to secure storage of digital assets becomes increasingly important. The Ellipal digital wallet gadget which keeps the private keys to digital assets indefinitely to prevent hackers from taking their assets remotely.
Ellipal, the company behind the wallet’s hardware component is a relatively new player in the market. It raised $55K through the course of an Indiegogo campaign to help fund its development. The company’s website and online reviews claim the hardware wallet as completely secure, but it’s important to note that the hardware wallets from rival companies such as TREZOR and Ledger are made in a way that no one outside can see your private keys. In the event that, for instance, you connect your TREZOR on a compromised device which is infected by viruses your private keys are still safe and secure.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely isolated from any network or computer that is, it doesn’t have wireless or wired connections. Instead, it communicates via QR codes through an image camera at the rear of the. This makes it a highly secure choice as it removes the possibility of a hacker getting an access point to your private keys via the network. However, it’s worth noting that this means the Ellipal wallet is not as user-friendly as other wallets that are hardware-based, which can be connected to a computer to facilitate transactions.
The Ellipal wallet costs $149 and is relatively new to the market, meaning that it has not been battle-tested yet. This is something that potential buyers should take into consideration when purchasing the Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers of today (TREZOR and Ledger) have been in business for longer and have a 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 currently supports a limited number of coins which include 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 users. But, the company is working to add the support of more coins in the near future.
In the end it is clear that Ellipal wallet is a good choice. Ellipal device is an fresh player on the hardware wallet market, promising to be completely safe due to its total inaccessibility to any network or computer. Its creators are new and the product hasn’t been battle-tested as of yet. The Ellipal wallet currently supports a limited number of coins and its price at $149 is comparable with other wallets. While the idea of a fully exclusive hardware wallet is appealing however, you should consider the track record and security features of other hardware wallets before making a choice. The final decision about whether or not the Ellipal wallet is worth the cost is up to the individual. It’s an extremely secure choice with an innovative design, however, it’s not as user-friendly in use as the other wallets. Additionally, it’s an extremely new product available on the market.