The cryptocurrency market has seen a significant rise in the number of hardware wallets in recent years. Each promising to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a brand new competitor in the field, and aims to stand out from its rivals by providing an entirely separate solution. As cryptocurrency usage becomes more mainstream, the need for secure storage of digital assets becomes increasingly essential. It is the Ellipal wallet is a gadget which keeps the private keys to digital assets off-line and prevents hackers from taking their assets remotely.
Ellipal, the company behind the wallet’s hardware component is a relatively new company on the market. They raised $55K in an Indiegogo campaign to finance its development. The company’s website and online reviews state the hardware wallet as 100% secure, however, it’s important to note that the hardware wallets of competing companies such as TREZOR as well as Ledger are also designed in a way that no attacker from outside is able to access your private keys. For instance, even if the TREZOR is connected TREZOR on a compromised device that is infected with viruses, your private keys will remain secure and safe.
Its 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 via an image camera at the back of the. This makes it a highly secure option as it eliminates the possibility of a hacker having an access point to your private keys via an internet connection. However, it’s worth noting that this also means that the Ellipal wallet is not so user-friendly like other wallets on hardware that can be linked to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is fairly brand new in the marketplace, which means that it isn’t battle-tested yet. This is something potential buyers need to keep in mind when considering purchasing this Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR as well as Ledger) have been in business for a longer time and have a established track records of security.
In terms of support for coin in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet supports 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 customers. However, the company is currently working on adding support for more coins in the near future.
In conclusion In conclusion, it is clear that the Ellipal wallet has been a fresh player on the hardware wallet market and promises that it is 100% safe due to its total separation from any computer or network. Its creators are relatively new, and the product hasn’t been battle-tested yet. The Ellipal wallet supports a limited number of coins and its price of $149 is in line with other wallets. Although the concept of a totally separated hardware wallet sounds appealing however, you should consider the security and track record measures of other hardware wallets prior to making a choice. Ultimately, the decision of whether the Ellipal product is worthwhile for the cost is up to the individual. It’s a very secure option that has a modern design however, it’s not as easy in use as the other wallets. Additionally, it’s an all-new product on the market.