The world of cryptocurrency has seen a significant rise in the number of wallets that are hardware in recent years, each promises that digital assets will be secure and safe. Its Ellipal wallet is the latest entry into the market and hopes to differentiate from the crowd by providing an unrivalled solution. As the use of cryptocurrency grows more commonplace, the need for secure the storage and protection of assets becomes increasingly essential. Ellipal wallet Ellipal digital wallet gadget that keeps the private key to digital assets off-line, preventing hackers from stealing the keys remotely.
Ellipal, the company behind the hardware wallet is a relatively new player in the market. They raised $55K in an Indiegogo campaign to fund research and development for their products. The company’s website and reviews online claim they are completely secure, however, it’s important to note that the hardware wallets of rival firms such as TREZOR and Ledger are made in a way that no one outside can see your private keys. In the event that, for instance, it is possible to connect your TREZOR to a compromised device that is infected with viruses your private keys are still safe and secure.
The Ellipal wallet is distinctive in its design. It is completely isolated from any network or computer, meaning it has no wireless or wired connectivity. Instead, it communicates through QR codes via an image camera at the back of the. This makes it a very secure choice as it removes the possibility of a hacker having access to the private key via an internet connection. It’s important to note that this could mean that the Ellipal wallet isn’t as user-friendly as other hardware wallets that connect to a computer for simple transactions.
The Ellipal wallet retails for $149. It is relatively brand new in the marketplace, which implies that it’s not battle-tested yet. This is something that potential buyers should be aware of when purchasing the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR as well as Ledger) have been around for a longer time and have a established track records of security.
Regarding support for coins in terms of coin support, the Ellipal wallet supports only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin along with ERC20 tokens. It is lower than the amount of coins supported by its competitors, TREZOR and Ledger, which may be a concern for some users. But, the company is working to add the support of more coins in the near future.
In conclusion, Ellipal wallet is a good choice. Ellipal device is an fresh player in the market of hardware wallets, promising to be 100% secure because of its complete inaccessibility to any computer or network. The company behind it is new, and the product has not been battle-tested as of yet. The Ellipal wallet currently supports the use of a small number of coins and the price at $149 is comparable with its competitors. Although the concept of a completely isolated hardware wallet is intriguing but it’s crucial to look at the history and security measures of other hardware wallet options before making a decision. In the end, the decision on whether or not the Ellipal product is worthwhile for the price is up to the person who buys it. It’s a safe option with an innovative design, however, it’s not as user-friendly for use like other hardware wallets. It’s also an extremely new product that’s available.