The world of cryptocurrency has seen an significant increase in the number of hardware wallets on the market in recent years. Each promising that digital assets will be secure and safe. Its Ellipal wallet is a brand new entrant in this field and is aiming to differentiate itself from its competitors by offering an unrivalled solution. As cryptocurrency usage grows more commonplace and more commonplace, the need for secure storage of digital assets becomes more crucial. The Ellipal wallet is a gadget that keeps the private key to digital assets offline and prevents hackers from taking them from a remote location.
Ellipal the company that developed the hardware wallet is a relatively new company on the market. It raised $55K through an Indiegogo campaign to finance its development. The company’s website as well as online reviews claim they are completely secure, however, it’s important to note that the hardware wallets of competing companies like TREZOR as well as Ledger are made in a way that no one outside can see your private keys. For instance, even if the TREZOR is connected TREZOR to a compromised system that has been infected with viruses your private keys remain safe and secure.
The 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 via QR codes using cameras on its rear end. This makes it a highly secure option as it eliminates the possibility of a hacker getting an access point to your private keys by a network connection. It’s important to note that this means the Ellipal wallet isn’t as convenient to use as other hardware wallets that can be linked to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is fairly brand new in the marketplace, which means that it’s not tested in battle yet. This is something that potential buyers should take into consideration when buying this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR and Ledger) have been on the market for longer and have a established track records of security.
In terms of coin support In terms of support for coins, the Ellipal wallet supports only a small number of coins, including Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is less than the number of coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some users. However, the company is working to provide more support for coins in the future.
In the end it is clear that it is clear that the Ellipal device is an new player on the market of hardware wallets, promising to be completely secure due to its complete inaccessibility to any network or computer. The company behind it is new and the product hasn’t been tested in battle yet. The Ellipal wallet supports the use of a small number of coins and its price of $149 is on par with other wallets. Although the concept of a totally separated hardware wallet sounds appealing however, you should consider the security and track record features of other hardware wallet options before making a choice. The final decision about whether or not the Ellipal wallet is worth the price is up to the individual. It’s a very secure option with an innovative design, however, it’s not as easy in use as the other hardware wallets, and it’s a relatively new product on the market.