The cryptocurrency market has witnessed an significant increase in the amount of hardware wallets on the market in recent years, each claims to keep digital assets safe and secure. The Ellipal wallet is a brand new competitor in the field, and is aiming to differentiate itself from its competitors by offering an entirely separate solution. As cryptocurrency usage is becoming more widespread and more commonplace, the need for safe storage of digital assets becomes more crucial. The Ellipal wallet can be described as a tool that keeps the private key to digital assets indefinitely and prevents hackers from taking the keys from a remote location.
Ellipal the company that developed the hardware wallet is a relatively new player in the market. It raised $55K through the course of an Indiegogo campaign to fund research and development for their products. The company’s website as well as online reviews claim that their hardware wallet is 100% secure, but it’s important to keep in mind that hardware wallets from rival firms like TREZOR as well as Ledger are made in a way that no attacker from outside is able to access your private keys. In the event that, for instance, it is possible to connect your TREZOR with a compromised device that has been infected with viruses, your private keys remain protected 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 via QR codes via cameras on its rear of the. This makes it an extremely secure option as it eliminates the possibility of a hacker getting access to the private key through the network. However, it’s important to remember that this also means that the Ellipal wallet is not as convenient to use as other hardware wallets that can be linked to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is fairly new to the market, which means that it isn’t battle-tested yet. This is something that potential buyers should take into consideration when buying the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR and Ledger) were in business for longer and have a proven track record of security.
In terms of support for coin In terms of support for coins, the Ellipal wallet is currently able to support only a small number of coins, including Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is less than the amount of coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some buyers. However, the company is currently working on adding support for more coins in the near future.
In conclusion, Ellipal wallet is a good choice. Ellipal wallet has been a brand new competitor in the market of hardware wallets that claims to be completely secure because of its complete isolation from any network or computer. Ellipal is a company that’s relatively new and the product has not been battle-tested yet. The Ellipal wallet currently supports the use of a small number of coins and the price of $149 is on par with other wallets. Although the concept of a totally isolated hardware wallet is intriguing however, you should consider the security and track record features of other hardware wallets before making a choice. In the end, the decision on whether the Ellipal device is well worth the cost is up to the individual. It’s an extremely secure choice with a unique design however, it’s not as easy to use as other hardware wallets. It’s also an extremely new product available on the market.