The world of cryptocurrency has witnessed an significant rise in the number of hardware wallets available on the market in recent years. Each promises that digital assets will be secure and safe. Ellipal is one of them. Ellipal wallet is a brand new entry into the market and is aiming to differentiate itself from the crowd by providing a completely isolated solution. As the use of cryptocurrency becomes more mainstream it is becoming more important to secure the storage and protection of assets becomes increasingly essential. It is the Ellipal wallet is a gadget which keeps the private keys to digital assets offline to prevent hackers from taking the keys from a remote location.
Ellipal the company that developed the wallet’s hardware is a relatively new competitor in the market. It raised $55K through the course of an Indiegogo campaign to fund the development of their product. The company’s website and online reviews state the hardware wallet as 100% safe, however it is important to note that the hardware wallets of rival firms such as TREZOR as well as Ledger are also designed in a way that no outside attacker can see your private keys. For instance, even if you connect your TREZOR on a compromised computer that has been infected with viruses Your private keys are still protected and safe.
The Ellipal wallet is unique in its design, it is completely unconnected to any network or computer that is, it doesn’t have wired or wireless connectivity. Instead, it communicates through QR codes using a camera on the rear end. This makes it an extremely secure option as it eliminates the possibility of a hacker having access to the private key through an internet connection. However, it’s worth noting that this could mean that the Ellipal wallet is not as convenient to use as other hardware wallets that can be linked to a computer for easy transactions.
The Ellipal wallet retails for $149. It is fairly new to the market, which implies that it has not been battle-tested yet. This is something potential buyers need to keep in mind when considering buying this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR and Ledger) have been around for a longer time and have a proven track record of security.
In terms of support for coin, Ellipal wallet supports a limited number of coins. Ellipal wallet supports a limited number of coins, including Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is fewer than the coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some buyers. But, the company is working to provide the support of more coins in the future.
In conclusion it is clear that Ellipal wallet is a good choice. Ellipal device is an new player on the market for hardware wallets, promising that it is 100% safe due to its total isolation from any network or computer. The company behind it is relatively new, and the product has not been battle-tested as of yet. The Ellipal wallet supports a limited number of coins and its price of $149 is in line with the other options. While the idea of a fully separated hardware wallet sounds appealing however, you should consider the track record and security measures of other hardware wallet options before making a decision. In the end, the decision on whether the Ellipal wallet is worth the cost is up to the individual. It’s a safe option that has a modern design however, it’s not as user-friendly for use like other wallets. It’s also an all-new product available on the market.