The cryptocurrency market has witnessed a significant increase in the amount of hardware wallets available in recent years, all promising to keep digital assets secure and safe. The Ellipal wallet is a brand new entrant in this field and aims to stand out from its competitors by offering an unrivalled solution. As cryptocurrency usage grows more commonplace and more commonplace, the need for safe security for digital asset storage is becoming increasingly important. The Ellipal wallet is a device which keeps the private keys to digital assets indefinitely and prevents hackers from taking them from a remote location.
Ellipal the company that developed the wallet’s hardware, is a relatively new company on the market. They raised $55K in the course of an Indiegogo campaign to help fund the development of their product. The company’s website and online reviews claim the hardware wallet as 100% secure, however, it’s important to remember that hardware wallets of competing companies like TREZOR and Ledger are constructed in a manner that no attacker from outside is able to access your private keys. For example, even if it is possible to connect your TREZOR to a compromised device that is infected with viruses your private keys will remain secure and safe.
The Ellipal wallet is unique in its design. It is completely unconnected to any computer or network that is, it doesn’t have wired or wireless connectivity. Instead, it communicates through QR codes via an image camera at the back of the. This makes it a highly secure option as it eliminates the possibility of a hacker getting gain access to private information by an internet connection. It’s important to note that this also means that the Ellipal wallet is not as convenient to use as other hardware wallets, which can be connected to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is fairly new to the market, which implies that it isn’t battle-tested yet. This is something that potential buyers should keep in mind when considering buying the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR as well as Ledger) have been on the market for longer and have an established track record of security.
In terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support a limited number of coins, including Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is less than the 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 the support of more coins in the future.
In the end it is clear that Ellipal wallet is a good choice. Ellipal device is an new competitor in the market for hardware wallets that claims to be completely secure due to its complete inaccessibility to any network or computer. Its creators are relatively new, and the product hasn’t been battle-tested yet. The Ellipal wallet currently supports a limited number of coins, and its price tag of $149 is in line with other wallets. While the idea of a fully isolated hardware wallet is intriguing but it’s crucial to look at the security and track record features of other hardware wallet options before making a choice. In the end, the decision on whether the Ellipal product is worthwhile for the cost is up to the individual. It’s an extremely secure choice with an innovative design, but it’s not as convenient to use as other hardware wallets. It’s also a relatively new product available on the market.