The cryptocurrency market has seen a significant increase in the number of hardware wallets available on the market in recent years, all promises to keep digital assets secure and safe. The Ellipal wallet is a new entrant in this field and hopes to differentiate from its rivals by providing an unrivalled solution. As cryptocurrency usage grows more commonplace it is becoming more important to secure the storage and protection of assets becomes increasingly essential. Ellipal wallet Ellipal wallet is a tool which keeps the private keys to digital assets off-line and prevents hackers from taking them remotely.
Ellipal the company that developed the wallet’s hardware, is a relatively new company on the market. The company raised $55K via an Indiegogo campaign to finance its development. The website of the company and its online reviews claim that their hardware wallet is 100% safe, however it is important to keep in mind that hardware wallets of rival firms like TREZOR and Ledger are made in a way that no attacker from outside is able to see your private keys. For example, even if the TREZOR is connected TREZOR with a compromised system that has been infected with viruses Your private keys are still secure and safe.
The Ellipal wallet is unique in its design, it is completely unconnected to any network or computer, meaning it has no wireless or wired connectivity. Instead, it communicates through QR codes via cameras on its rear of the. This makes it an extremely secure option as it eliminates the possibility of a hacker gaining an access point to your private keys via an internet connection. However, it’s important to remember that this could mean that the Ellipal wallet is not so user-friendly as other hardware wallets that can be linked to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is fairly new to the market, which means that it has not been battle-tested yet. This is something prospective buyers must take into consideration when purchasing this Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR as well as Ledger) have been in business for a longer time and have a proven track record of security.
In terms of coin support In terms of support for coins, the Ellipal wallet supports a limited number of coins which include Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is less than the coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some buyers. The company is currently working on adding more support for coins in the near future.
In conclusion it is clear that Ellipal wallet is a good choice. Ellipal wallet has been a brand new competitor in the market for hardware wallets, promising to be completely 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 is currently compatible with only a few coins and the price at $149 is comparable with the other options. While the idea of a completely separated hardware wallet sounds appealing but it’s crucial to look at the track record and security measures of other hardware wallet options 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 safe option with an innovative design, however, it’s not as user-friendly in use as the other hardware wallets, and it’s an all-new product that’s available.