The world of cryptocurrency has witnessed a significant increase in the number of wallets that are hardware on the market in recent years, all promises that digital assets will be safe and secure. Ellipal is one of them. Ellipal wallet is a brand new competitor in the field, and is aiming to differentiate itself from the crowd by providing an unrivalled solution. As the use of cryptocurrency is becoming more widespread it is becoming more important to safe storage of digital assets becomes increasingly important. Ellipal wallet Ellipal digital wallet gadget that keeps the private key to digital assets off-line, preventing hackers from stealing them from a remote location.
Ellipal, the company behind the wallet’s hardware component is a relatively new player in the market. The company raised $55K via an Indiegogo campaign to help fund the development of their product. The company’s website and online reviews claim the hardware wallet as completely secure, but it’s important to note that the hardware wallets of competing companies like TREZOR as well as Ledger are constructed in a manner that no one outside can see your private keys. For example, even if the TREZOR is connected TREZOR with a compromised computer that is infected with viruses your private keys remain protected and safe.
The Ellipal wallet is unique in its design, it is completely unconnected to any computer or network that is, it doesn’t have wired or wireless connectivity. Instead, it communicates via QR codes via cameras on its back of the. This makes it a very safe option since it blocks the possibility of hackers gaining gain access to private information via 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 that connect to a computer for easy transactions.
The Ellipal wallet costs $149 and is fairly recent to market meaning that it’s not combat-tested to date. This is something prospective buyers need to take into consideration when 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 an established 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 that are supported, such as Bitcoin, Ethereum, Litecoin along with ERC20 tokens. It is lower than the number of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some users. However, the company is currently working on adding the support of more coins in the future.
In the end In conclusion, Ellipal wallet is a good choice. Ellipal wallet is a new player in the market of hardware wallets, promising to be 100% safe due to its total inaccessibility to any computer or network. 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 the price of $149 is in line with its competitors. While the idea of a completely separated hardware wallet sounds appealing, it’s important to consider the security and track record measures of other hardware wallets prior to making a choice. Ultimately, the decision of whether the Ellipal wallet is worth the price is entirely up to the user. It’s an extremely secure choice that has a modern design but it’s not as convenient in use as the other hardware wallets, and it’s an extremely new product on the market.