The cryptocurrency market has seen an significant rise in the number of wallets that are hardware in recent years, each promises to keep digital assets secure and safe. The Ellipal wallet is a brand new entry into the market and hopes to differentiate from its rivals by providing an entirely separate solution. As cryptocurrency usage grows more commonplace and more commonplace, the need for safe security for digital asset storage becomes more essential. The Ellipal wallet is a device that stores the private key to digital assets off-line, preventing hackers from stealing their assets from a remote location.
Ellipal, the company behind the hardware wallet, is a relatively new competitor in the market. The company raised $55K via an Indiegogo campaign to finance its development. The website of the company and its reviews online claim that their hardware wallet is 100% secure, however, it’s important to remember that hardware wallets of rival businesses like TREZOR as well as Ledger are made in a way that no outside attacker can access your private keys. In the event that, for instance, the TREZOR is connected TREZOR with a compromised device 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 network or computer that is, it doesn’t have wired or wireless connectivity. Instead, it communicates through QR codes using an image camera at the rear of the. This makes it a very safe option since it blocks the possibility of hackers gaining an access point to your private keys via a network connection. However, it’s important to remember that this means the Ellipal wallet isn’t as user-friendly like other wallets on hardware, which can be connected to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is fairly brand new in the marketplace, which implies that it isn’t tested in battle yet. This is something that potential buyers should take into consideration when purchasing the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR and Ledger) have been in business for a longer time and have a established track records of security.
Regarding support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is fewer than the number of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some customers. But, the company is working to add more support for coins in the near future.
In the end it is clear that Ellipal wallet is a good choice. Ellipal device is an fresh player on the market of hardware wallets, promising that it is 100% safe due to its total inaccessibility to any network or computer. The company behind it is new, and the product has not been battle-tested as of yet. The Ellipal wallet currently supports only a few coins and the price of $149 is in line with its competitors. Although the concept of a completely separated hardware wallet sounds appealing, it’s important to consider the security and track record measures of other hardware wallets before making a decision. Ultimately, the decision of whether or not the Ellipal wallet is worth the cost is up to the person who buys it. It’s a very secure option that has a modern design however, it’s not as easy in use as the other hardware wallets, and it’s an extremely new product on the market.