The world of cryptocurrency has seen an significant increase in the amount of wallets that are hardware in recent years, all promises to keep digital assets safe and secure. Its Ellipal wallet is a brand new entry into the market and is aiming to differentiate itself from the crowd by providing an entirely separate solution. As the use of cryptocurrency is becoming more widespread and more commonplace, the need for safe security for digital asset storage becomes increasingly crucial. The Ellipal wallet can be described as a tool that stores the private key to digital assets offline, preventing hackers from stealing the keys from a remote location.
Ellipal, the company behind the hardware wallet, is a relatively new company on 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 claim the hardware wallet as 100% secure, however, it’s important to keep in mind that hardware wallets from rival firms like TREZOR as well as Ledger are also designed in a way that no attacker from outside is able to view your private key. For example, even if it is possible to connect your TREZOR with a compromised system which is infected by viruses your private keys remain safe and secure.
Ellipal is a unique wallet. Ellipal wallet is unique in its design. It is completely unconnected to any network or computer, meaning it has no wireless or wired connections. Instead, it transmits QR codes through a camera on the rear end. This makes it an extremely safe option since it blocks the possibility of a hacker getting gain access to private information through a network connection. It’s important to note that this also means that the Ellipal wallet is not as convenient to use as other wallets that are hardware-based that connect to a computer for simple transactions.
The Ellipal wallet costs $149 and is relatively brand new in the marketplace, which means that it has not been tested in battle yet. This is something that potential buyers need to keep in mind when considering purchasing the Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers of today (TREZOR and Ledger) are in business for longer and have a established track records of security.
In terms of coin support, the Ellipal wallet currently supports the following coins: a few, including Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is less than the amount of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some users. The company is working to provide support for more coins in the near future.
In conclusion it is clear that Ellipal wallet is a good choice. Ellipal wallet is a fresh player in the market of hardware wallets, promising that it is 100% secure due to its complete isolation from any network or computer. Ellipal is a company that’s new, and the product has not been battle-tested as of yet. The Ellipal wallet is currently compatible with only a few coins and the price of $149 is in line with its competitors. While the idea of a completely separated hardware wallet sounds appealing but it’s crucial to look at the track record and security measures of other wallets before making a decision. In the end, the decision on whether or not the Ellipal wallet is worth the cost is up to the person who buys it. It’s an extremely secure choice with an innovative design, however, it’s not as user-friendly in use as the other wallets. It’s also an all-new product on the market.