The world of cryptocurrency has seen a significant increase in the number of hardware wallets available on the market in recent years. Each promises that digital assets will be secure and safe. Its Ellipal wallet is a brand new entrant in this field and hopes to differentiate from the crowd by providing a completely isolated solution. As the use of cryptocurrency becomes more mainstream it is becoming more important to secure security for digital asset storage becomes increasingly essential. Ellipal wallet Ellipal wallet is a device that keeps the private key to digital assets off-line and prevents hackers from taking their assets remotely.
Ellipal the company that developed the wallet’s hardware component is a relatively young company on the market. The company raised $55K via the course of an Indiegogo campaign to help fund its development. The website of the company and its online reviews claim they are completely safe, however it is important to keep in mind that hardware wallets of competing businesses like TREZOR and Ledger are constructed in a manner that no attacker from outside is able to see your private keys. For example, even if you connect your TREZOR on a compromised system that has been infected with viruses Your private keys will remain safe and secure.
Its Ellipal wallet is distinctive in its design, it is completely disconnected from any computer or network, meaning it has no wireless or wired connectivity. Instead, it communicates through QR codes through cameras on its rear end. This makes it a very secure choice as it removes the possibility of hackers having gain access to private information by a network connection. However, it’s important to remember that this also means that the Ellipal wallet isn’t as user-friendly as other hardware wallets that connect to a computer to facilitate transactions.
The Ellipal wallet costs $149 and is relatively new to the market, which means that it isn’t tested in battle yet. This is something potential buyers need to be aware of when purchasing this Ellipal wallet. Comparatively, both of the leading hardware wallet makers today (TREZOR and Ledger) have been on the market for longer and have established track records of security.
In terms of support for coin In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet supports the following coins: a few which include Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. It is lower than the amount of coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some users. But, the company is working to add support for more coins in the near future.
In conclusion In conclusion, Ellipal wallet is a good choice. Ellipal device is an fresh player in the market for hardware wallets, promising that it is 100% secure because of its complete inaccessibility to any computer or network. The company behind it is relatively new, and the product has not been battle-tested as of yet. The Ellipal wallet is currently compatible with a limited number of coins and the price at $149 is comparable with its competitors. Although the idea of a completely separated hardware wallet sounds appealing however, you should consider the security and track record measures of other hardware wallet options before making a decision. Ultimately, the decision of whether or not the Ellipal device is well worth the cost is up to the individual. It’s a very secure option that has a modern design but it’s not as convenient in use as the other wallets. Additionally, it’s an all-new product available on the market.