The world of cryptocurrency has witnessed an significant increase in the amount of wallets that are hardware in recent years. Each promising that digital assets will be secure and safe. Its Ellipal wallet is a new entry into the market and aims to stand out from its rivals by providing a completely isolated solution. As the use of cryptocurrency is becoming more widespread, the need for safe security for digital asset storage is becoming increasingly important. It is the Ellipal wallet is a tool that keeps the private key to digital assets off-line and prevents hackers from taking them remotely.
Ellipal the company that developed the hardware wallet, is a relatively new player in the market. The company raised $55K via an Indiegogo campaign to help fund its development. The company’s website as well as online reviews claim the hardware wallet as completely safe, however it is important to note that the hardware wallets from rival businesses such as TREZOR as well as Ledger are also designed in a way that no one outside can see your private keys. For instance, even if you connect your TREZOR to a compromised system that is infected with viruses your private keys will remain safe and secure.
Ellipal is a unique wallet. Ellipal wallet is unique in its design. It is completely unconnected to any computer or network that is, it doesn’t have wireless or wired connectivity. Instead, it communicates through QR codes through a camera on the back of the. This makes it a highly secure choice as it removes the possibility of hackers getting access to the private key via the network. However, it’s important to remember that this also means that the Ellipal wallet isn’t so user-friendly as other wallets that are hardware-based that can be linked to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is fairly recent to market meaning that it has not been tested in battle yet. This is something potential buyers need to keep in mind when considering purchasing this Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR as well as Ledger) were around for longer and have established track records of security.
In terms of support for coin in terms of coin support, the Ellipal wallet currently supports a limited number of coins which include Bitcoin, Ethereum, Litecoin, and ERC20 tokens. It is lower than the coins supported by its competitors, TREZOR and Ledger, which could be a problem for some users. The company is working to add the support of more coins in the near future.
In conclusion, the Ellipal wallet has been a fresh player on the market of hardware wallets, promising that it is 100% secure because of its complete separation from any network or computer. Ellipal is a company that’s relatively new, and the product has not been tested in battle yet. The Ellipal wallet supports only a few 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 track record and security measures of other hardware wallets before making a decision. Ultimately, the decision of whether or not the Ellipal wallet is worth the cost is up to the individual. It’s a very secure option that has a modern design however, it’s not as easy for use like other hardware wallets. It’s also an all-new product available on the market.