The world of cryptocurrency has witnessed an significant increase in the number of wallets that are hardware in recent years, all claims that digital assets will be safe and secure. Ellipal is one of them. Ellipal wallet is a brand new entrant in this field and hopes to differentiate from its rivals by providing an unrivalled solution. As the use of cryptocurrency is becoming more widespread it is becoming more important to safe security for digital asset storage becomes increasingly important. It is the Ellipal digital wallet tool that keeps the private key to digital assets off-line and prevents hackers from taking them remotely.
Ellipal, the company behind the wallet’s hardware, is a relatively new company on the market. The company raised $55K via an Indiegogo campaign to fund the development of their product. The company’s website as well as online reviews state the hardware wallet as 100% secure, but it’s important to note that the hardware wallets of rival firms like TREZOR as well as Ledger are constructed in a manner that no one outside can access your private keys. In the event that, for instance, it is possible to connect your TREZOR on a compromised device which is infected by viruses, your private keys are still protected and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely disconnected from any network or computer, meaning it has no wired or wireless connectivity. Instead, it communicates through QR codes via a camera on the back of the. This makes it a highly secure option as it eliminates the possibility of hackers gaining an access point to your private keys via an internet connection. However, it’s important to remember that this means the Ellipal wallet is not as convenient to use 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 means that it’s not battle-tested yet. This is something potential buyers should take into consideration when buying Ellipal. Ellipal wallet. Comparatively, both of the leading hardware wallet makers today (TREZOR and Ledger) were on the market for longer and have a proven track record of security.
In terms of coin support 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 coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some users. However, the company is working to add more support for coins in the future.
In the end, the Ellipal device is an new competitor in the hardware wallet market and promises to be 100% safe due to its total inaccessibility to any computer or network. Its creators are relatively new and the product hasn’t been tested in battle yet. The Ellipal wallet is currently compatible with only a few coins and the price at $149 is comparable with the other options. While the idea of a fully isolated hardware wallet is intriguing however, you should consider the history and security features of other hardware wallets before making a decision. In the end, the decision on 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 a unique design however, it’s not as user-friendly to use as other wallets. Additionally, it’s a relatively new product that’s available.