The cryptocurrency market has seen an significant increase in the number of hardware wallets on the market in recent years, all claims to keep digital assets secure and safe. Its Ellipal wallet is the latest competitor in the field, and aims to stand out from the crowd by providing an unrivalled solution. As the use of cryptocurrency grows more commonplace it is becoming more important to safe storage of digital assets becomes more essential. The Ellipal wallet can be described as a tool that keeps the private key to digital assets offline and prevents hackers from taking them from a remote location.
Ellipal, the company behind the hardware wallet is a relatively young competitor in the market. They raised $55K in the course of an Indiegogo campaign to finance its development. The website of the company and its online reviews state they are completely secure, but it’s important to remember that hardware wallets of competing firms such as TREZOR and Ledger are constructed in a manner that no outside attacker can access your private keys. For instance, even if it is possible to connect your TREZOR on a compromised system that is infected with viruses, your private keys will remain protected and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely disconnected from any computer or network, meaning it has no wired or wireless connectivity. Instead, it communicates via QR codes through an image camera at the rear end. This makes it an extremely secure choice as it removes the possibility of a hacker getting gain access to private information through the network. However, it’s worth noting that this also means that the Ellipal wallet is not so user-friendly as other wallets that are hardware-based that can be linked to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is fairly recent to market which implies that it’s not tested in battle yet. This is something that potential buyers must keep in mind when considering purchasing Ellipal. Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR as well as Ledger) have been in business for longer and have proven track record of security.
In terms of support for coin in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet supports a limited number of coins which include Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is fewer 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 near future.
In conclusion, it is clear that the Ellipal wallet is a brand new player in the market for hardware wallets that claims that it is 100% safe due to its total inaccessibility to any network or computer. Its creators are new and the product hasn’t been battle-tested yet. The Ellipal wallet is currently compatible with only a few coins and its price of $149 is on par with its competitors. Although the idea of a totally isolated hardware wallet is intriguing but it’s crucial to look at the security and track record measures of other wallet options before making a choice. In the end, the decision on whether or not the Ellipal device is well worth the cost is up to the individual. It’s a safe option with a unique design however, it’s not as user-friendly in use as the other wallets, and it’s an all-new product on the market.