The world of cryptocurrency has witnessed an significant increase in the amount of hardware wallets available in recent years. Each promising that digital assets will be safe and secure. Its Ellipal wallet is a new entrant in this field and aims to stand out from its rivals by providing an unrivalled solution. As the use of cryptocurrency becomes more mainstream, the need for secure security for digital asset storage is becoming increasingly essential. The Ellipal digital wallet tool which keeps the private keys to digital assets indefinitely to prevent hackers from taking them remotely.
Ellipal, the company behind the wallet’s hardware component, is a relatively new company on the market. It raised $55K through the course of an Indiegogo campaign to finance the development of their product. The company’s website as well as online reviews state they are completely secure, but it’s important to note that the hardware wallets from rival businesses like TREZOR and Ledger are also designed in a way that no outside attacker can access your private keys. For instance, even if you connect your TREZOR with a compromised device that has been infected with viruses Your private keys remain secure and safe.
The Ellipal wallet is unique in its design, it is completely isolated from any computer or network that is, it doesn’t have wireless or wired connectivity. Instead, it transmits QR codes through a camera on the rear of the. This makes it a highly secure option as it eliminates the possibility of a hacker gaining gain access to private information by an internet connection. It’s important to note that this also means that the Ellipal wallet is not as user-friendly like other wallets on hardware that can be linked to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is fairly new to the market, which implies that it’s not combat-tested to date. This is something potential buyers should take into consideration when buying this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers of today (TREZOR as well as Ledger) were in business for a longer time and have a an established track record of security.
Regarding support for coins in terms of coin support, the Ellipal wallet currently supports the following coins: a few, including Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is less than the coins supported by its competitors, TREZOR and Ledger, which might be a worry for some buyers. The company is working to add support for more coins in the future.
In conclusion In conclusion, Ellipal wallet is a good choice. Ellipal wallet has been a new player in the hardware wallet market and promises to be completely safe due to its total separation from any network or computer. Ellipal is a company that’s new and the product hasn’t been battle-tested as of yet. The Ellipal wallet supports only a few coins, and its price tag at $149 is comparable with its competitors. While the idea of a fully exclusive hardware wallet is appealing however, you should consider the track record and security measures of other hardware wallets prior to making a decision. In the end, the decision on whether the Ellipal device is well worth the price is up to the individual. It’s a very secure option with an innovative design, but it’s not as convenient in use as the other wallets. Additionally, it’s an all-new product available on the market.