The cryptocurrency market has seen a significant rise in the number of wallets that are hardware in recent years, each promises to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a new competitor in the field, and aims to stand out from its rivals by providing an entirely separate solution. As the use of cryptocurrency grows more commonplace it is becoming more important to secure security for digital asset storage becomes increasingly essential. Ellipal wallet Ellipal digital wallet device that keeps the private key to digital assets off-line and prevents hackers from taking the keys from a remote location.
Ellipal the company that developed the wallet’s hardware component, is a relatively new competitor in the market. They raised $55K in the course of an Indiegogo campaign to help fund its development. The company’s website as well as online reviews state they are completely secure, but it’s important to keep in mind that hardware wallets of competing firms like TREZOR as well as Ledger are also designed 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 secure and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely unconnected to any network or computer which means it does not have wireless or wired connectivity. Instead, it communicates via QR codes using a camera on the rear end. This makes it a very secure option as it eliminates the possibility of a hacker having an access point to your private keys through an internet connection. It’s important to note that this means the Ellipal wallet is not so user-friendly as other wallets that are hardware-based that connect to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is relatively brand new in the marketplace, which implies that it isn’t combat-tested to date. This is something that potential buyers should be aware of when buying this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR and Ledger) were in business for longer and have established track records of security.
In terms of support for coin, Ellipal wallet supports a limited number of coins. Ellipal wallet supports only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is fewer than the number of coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some buyers. The company is working to provide the support of more coins in the near future.
In the end In conclusion, Ellipal wallet is a good choice. Ellipal device is an fresh player in the market for hardware wallets, promising to be 100% secure due to its complete separation from any network or computer. The company behind it is new, and the product has not been tested in battle yet. The Ellipal wallet currently supports a limited number of coins, and its price tag of $149 is on par with other wallets. Although the idea of a completely separated hardware wallet sounds appealing however, you should consider the history and security measures of other wallets before making a decision. The final decision about whether or not the Ellipal product is worthwhile for the price is entirely up to the user. It’s a very secure option with a unique design however, it’s not as user-friendly in use as the other hardware wallets. Additionally, it’s an extremely new product that’s available.