The cryptocurrency market has witnessed a significant increase in the amount of wallets that are hardware in recent years, all promising that digital assets will be secure and safe. Ellipal is one of them. Ellipal wallet is a new competitor in the field, and hopes to differentiate from its competitors by offering an entirely separate solution. As cryptocurrency usage becomes more mainstream, the need for secure storage of digital assets becomes increasingly important. Ellipal wallet Ellipal digital wallet gadget that keeps the private key to digital assets indefinitely, preventing hackers from stealing them remotely.
Ellipal, the company behind the hardware wallet is a relatively new competitor in the market. They raised $55K in an Indiegogo campaign to finance the development of their product. The website of the company and its online reviews state the hardware wallet as 100% secure, however, it’s important to note that the hardware wallets of rival firms such as TREZOR as well as Ledger are also designed in a way that no outside attacker can access your private keys. For instance, even if it is possible to connect your TREZOR on a compromised device that is infected with viruses Your private keys will remain secure and safe.
Its Ellipal wallet is distinctive in its design. It is completely disconnected from any network or computer, meaning it has no wireless or wired connectivity. Instead, it communicates through QR codes through an image camera at the rear of the. This makes it a very secure choice as it removes the possibility of hackers gaining access to the private key through a network connection. However, it’s important to remember that this means the Ellipal wallet isn’t as convenient to use as other hardware wallets that connect to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is fairly new to the market, which means that it’s not battle-tested yet. This is something potential buyers should take into consideration when buying the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR as well as Ledger) are around for longer and have an established track record of security.
In terms of coin support in terms of coin support, the Ellipal wallet currently supports a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin and ERC20 tokens. It is lower than the coins supported by its competitors, TREZOR and Ledger, which may be a concern for some buyers. The company is working to add more support for coins in the future.
In conclusion, the Ellipal wallet is a fresh player on the market of hardware wallets that claims that it is 100% secure because of its complete separation from any network or computer. Ellipal is a company that’s new, and the product has not been tested in battle yet. The Ellipal wallet currently supports only a few coins and its price of $149 is in line with other wallets. While the idea of a completely separated hardware wallet sounds appealing, it’s important to consider the history and security measures of other hardware wallet options before making a choice. In the end, the decision on whether or not the Ellipal wallet is worth the price is up to the person who buys it. It’s a very secure option with a unique design however, it’s not as easy in use as the other hardware wallets. Additionally, it’s an extremely new product that’s available.