The cryptocurrency market has witnessed an significant increase in the number of hardware wallets available on the market in recent years. Each promises to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a brand new entry into the market and aims to stand out from the crowd by providing an unrivalled solution. As cryptocurrency usage is becoming more widespread, the need for secure the storage and protection of assets becomes more crucial. The Ellipal wallet can be described as a gadget that keeps the private key to digital assets off-line, preventing hackers from stealing them remotely.
Ellipal, the company behind the hardware wallet is a relatively new competitor in the market. The company raised $55K via an Indiegogo campaign to finance 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 remember 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. For example, even if you connect your TREZOR with a compromised computer which is infected by viruses, your private keys will remain safe and secure.
Its Ellipal wallet is unique in its design. It is completely isolated from any network or computer that is, it doesn’t have wired or wireless connectivity. Instead, it communicates through QR codes via an image camera at the rear of the. This makes it a highly secure choice as it removes the possibility of a hacker getting gain access to private information through an internet connection. However, it’s worth noting that this could mean that the Ellipal wallet isn’t so user-friendly like other wallets on hardware, which can be connected to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is fairly brand new in the marketplace, which means that it’s not tested in battle yet. This is something that potential buyers should keep in mind when considering buying this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR and Ledger) were on the market for a longer time and have a proven track record of security.
In terms of support for coin In terms of support for coins, the Ellipal wallet supports only a small number of coins which include Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is fewer than the amount of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some customers. But, the company is currently working on adding the support of more coins in the near future.
In the end, it is clear that the Ellipal device is an new player in the market for hardware wallets and promises to be completely secure due to its complete isolation from any computer or network. The company behind it is relatively new, and the product hasn’t been battle-tested yet. The Ellipal wallet supports the use of a small number of coins and the price of $149 is on par with the other options. While the idea of a completely isolated hardware wallet is intriguing but it’s crucial to look at the track record and security features of other hardware wallets before making a decision. Ultimately, the decision of whether or not the Ellipal device is well worth the price is entirely up to the user. It’s a very secure option with a unique design however, it’s not as easy for use like other wallets, and it’s an extremely new product that’s available.