The cryptocurrency market has witnessed an significant increase in the number of hardware wallets available on the market in recent years. Each claims to keep digital assets secure and safe. Its Ellipal wallet is the latest entrant in this field and aims to stand out from its competitors by offering a completely isolated solution. As the use of cryptocurrency becomes more mainstream and more commonplace, the need for secure the storage and protection of assets is becoming increasingly essential. Ellipal wallet Ellipal digital wallet tool that keeps the private key to digital assets off-line and prevents hackers from taking them remotely.
Ellipal, the company behind the wallet’s hardware component is a relatively young player in the market. The company raised $55K via the course of an Indiegogo campaign to fund research and development for their products. The website of the company and its reviews online claim the hardware wallet as 100% secure, but it’s important to note that the hardware wallets of rival companies like TREZOR and Ledger are made in a way that no attacker from outside is able to view your private key. In the event that, for instance, you connect your TREZOR with a compromised system which is infected by viruses, your private keys will remain secure and safe.
Its Ellipal wallet is distinctive in its design, it is completely disconnected from any network or computer which means it does not have wireless or wired connections. Instead, it transmits QR codes via an image camera at the rear end. This makes it a very safe option since it blocks the possibility of hackers having an access point to your private keys via an internet connection. However, it’s worth noting that this could mean that the Ellipal wallet is not so user-friendly like other wallets on hardware, which can be connected to a computer to facilitate transactions.
The Ellipal wallet costs $149 and is relatively new to the market, which means that it has not been tested in battle yet. This is something that potential buyers should keep in mind when considering purchasing this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR as well as Ledger) have been on the market for longer and have a established track records of security.
In terms of support for coin, Ellipal wallet supports a limited number of coins. Ellipal wallet supports the following coins: a few that are supported, such as Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is fewer than the amount of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some customers. However, the company is currently working on adding more support for coins in the future.
In conclusion, Ellipal wallet is a good choice. Ellipal wallet has been a brand new competitor in the market of hardware wallets, promising that it is 100% safe due to its total inaccessibility to any computer or network. Ellipal is a company that’s 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 its price tag of $149 is in line with its competitors. While the idea of a completely isolated hardware wallet is intriguing, it’s important to consider the security and track record measures of other hardware wallets before making a choice. Ultimately, the decision of whether or not the Ellipal wallet is worth the price is entirely up to the user. It’s a safe option with a unique design but it’s not as convenient in use as the other wallets. Additionally, it’s a relatively new product available on the market.