The cryptocurrency market has witnessed an significant increase in the number of hardware wallets available on the market in recent years. Each promises to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a brand new entry into the market and hopes to differentiate from the crowd by providing an unrivalled solution. As cryptocurrency usage grows more commonplace, the need for safe the storage and protection of assets becomes more crucial. It is the Ellipal wallet is a gadget which keeps the private keys to digital assets off-line to prevent hackers from taking them remotely.
Ellipal, the company behind the hardware wallet, is a relatively new company on the market. It raised $55K through an Indiegogo campaign to finance its development. The website of the company and its reviews online claim the hardware wallet as completely secure, however, it’s important to keep in mind that hardware wallets of competing companies like TREZOR as well as Ledger are made in a way that no outside attacker can see your private keys. For example, even if it is possible to connect your TREZOR with a compromised system that has been infected with viruses your private keys are still safe and secure.
Its Ellipal wallet is distinctive in its design, it is completely unconnected to any network or computer that is, it doesn’t have wired or wireless connectivity. Instead, it transmits QR codes through an image camera at the back of the. This makes it a highly secure option as it eliminates the possibility of hackers having access to the private key by a network connection. However, it’s important to remember that this means the Ellipal wallet is not as user-friendly like other wallets on hardware that connect to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is relatively recent to market meaning that it’s not combat-tested to date. This is something that potential buyers should keep in mind when considering purchasing Ellipal. Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR as well as Ledger) have been on the market for longer and have proven track record of security.
In terms of support for coin In terms of support for coins, the Ellipal wallet supports only a small number of coins which include Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is less than the coins supported by its competitors, TREZOR and Ledger, which may be a concern for some buyers. However, the company is working to add support for more coins in the near future.
In the end In conclusion, Ellipal wallet is a good choice. Ellipal wallet has been a brand new player in the hardware wallet market, promising to be 100% safe due to its total inaccessibility to any network or computer. Its creators are new, and the product has not been battle-tested as of yet. The Ellipal wallet supports the use of a small number of coins and its price of $149 is on par with other wallets. Although the concept of a fully separated hardware wallet sounds appealing but it’s crucial to look at the track record and security measures of other hardware wallet options before making a decision. Ultimately, the decision of whether the Ellipal product is worthwhile for the cost is entirely up to the user. It’s an extremely secure choice with an innovative design, but it’s not as convenient to use as other wallets. It’s also a relatively new product that’s available.