The cryptocurrency market has witnessed an significant increase in the amount of hardware wallets in recent years. Each promises to keep digital assets safe and secure. The Ellipal wallet is the latest entrant in this field and is aiming to differentiate itself from the crowd by providing an unrivalled solution. As cryptocurrency usage grows more commonplace, the need for secure security for digital asset storage becomes more important. It is the Ellipal digital wallet gadget which keeps the private keys to digital assets offline and prevents hackers from taking the keys remotely.
Ellipal, the company behind the hardware wallet, is a relatively new competitor in the market. It raised $55K through an Indiegogo campaign to fund research and development for their products. The company’s website as well as reviews online claim the hardware wallet as 100% safe, however it is important to note that the hardware wallets of competing businesses like TREZOR and Ledger are made in a way that no one outside can access your private keys. In the event that, for instance, the TREZOR is connected TREZOR with a compromised computer that has been infected with viruses, your private keys will remain secure and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely disconnected from any network or computer that is, it doesn’t have wireless or wired connectivity. Instead, it communicates through QR codes via cameras on its back of the. This makes it an extremely secure option as it eliminates the possibility of hackers getting an access point to your private keys via the network. 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 to facilitate transactions.
The Ellipal wallet retails for $149. It is fairly recent to market which means that it isn’t combat-tested to date. This is something that potential buyers need to be aware of when buying this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR and Ledger) are around for longer and have a an established track record of security.
In terms of support for coin in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support only a small number of coins which include Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is less than the amount of coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some buyers. The company is currently working on adding support for more coins in the future.
In conclusion, the Ellipal wallet is a fresh player in the market for hardware wallets that claims to be 100% secure because of its complete isolation from any network or computer. Its creators are relatively new and the product has not been tested in battle yet. The Ellipal wallet supports the use of a small number of coins, and its price tag at $149 is comparable with the other options. Although the idea of a fully exclusive hardware wallet is appealing, it’s important to consider the track record and security features of other hardware wallet options before making a choice. Ultimately, the decision of whether or not the Ellipal device is well worth the cost is entirely up to the user. It’s an extremely secure choice that has a modern design however, it’s not as easy in use as the other hardware wallets, and it’s a relatively new product that’s available.