The world of cryptocurrency has seen an significant increase in the amount of wallets that are hardware in recent years, each promising that digital assets will be secure and safe. Ellipal is one of them. Ellipal wallet is a new entrant in this field and aims to stand out from the crowd by providing an unrivalled solution. As cryptocurrency usage is becoming more widespread, the need for safe security for digital asset storage becomes increasingly essential. The Ellipal wallet can be described as a tool that keeps the private key to digital assets indefinitely, preventing hackers from stealing their assets from a remote location.
Ellipal, the company behind the wallet’s hardware is a relatively new competitor in the market. They raised $55K in the course of an Indiegogo campaign to fund its development. The company’s website as well as online reviews state they are 100% safe, however it is important to note that the hardware wallets of competing firms such as TREZOR as well as Ledger are also designed in a way that no one outside can see your private keys. In the event that, for instance, it is possible to connect your TREZOR with a compromised system that has been infected with viruses Your private keys remain protected and safe.
The Ellipal wallet is distinctive in its design. It is completely unconnected to any computer or network that is, it doesn’t have wireless or wired connections. Instead, it transmits QR codes through an image camera at the rear end. This makes it a very secure choice as it removes the possibility of a hacker gaining gain access to private information by a network connection. However, it’s worth noting that this also means that the Ellipal wallet is not as user-friendly as other hardware wallets, which can be connected to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is fairly new to the market, meaning that it’s not combat-tested to date. This is something potential buyers need to take into consideration when buying the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR as well as Ledger) are around for longer and have proven track record of security.
In terms of support for coin, the Ellipal wallet currently supports only a small number of coins which include Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. It is lower than the number of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some users. However, the company is currently working on adding the support of more coins in the future.
In the end In conclusion, the Ellipal wallet has been a brand new player on the market for hardware wallets and promises to be 100% secure because of its complete isolation from any network or computer. The company behind it is relatively new, and the product has not been battle-tested yet. The Ellipal wallet is currently compatible with the use of a small number of coins, and its price tag of $149 is in line with other wallets. While the idea of a totally isolated hardware wallet is intriguing however, you should consider the track record and security measures of other hardware wallet options before making a choice. In the end, the decision on whether or not the Ellipal wallet is worth the price is up to the person who buys it. It’s an extremely secure choice that has a modern design but it’s not as convenient to use as other hardware wallets. It’s also a relatively new product on the market.