The world of cryptocurrency has seen a significant rise in the number of hardware wallets available in recent years. Each claims that digital assets will be secure and safe. Its Ellipal wallet is a new entrant in this field and is aiming to differentiate itself from its competitors by offering an unrivalled solution. As cryptocurrency usage becomes more mainstream it is becoming more important to safe storage of digital assets becomes more important. Ellipal wallet Ellipal digital wallet device that stores the private key to digital assets offline, preventing hackers from stealing them from a remote location.
Ellipal the company that developed the wallet’s hardware is a relatively young company on the market. It raised $55K through the course of an Indiegogo campaign to help fund the development of their product. The company’s website and online reviews claim the hardware wallet as completely secure, but it’s important to note that the hardware wallets of rival firms such as TREZOR as well as Ledger are made in a way that no attacker from outside is able to see your private keys. For example, even if it is possible to connect your TREZOR with a compromised device that is infected with viruses, your private keys remain safe and secure.
Ellipal is a unique wallet. 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 connections. Instead, it transmits QR codes using an image camera at the rear end. This makes it a highly safe option since it blocks the possibility of a hacker getting gain access to private information through a network connection. However, it’s important to remember that this could mean that the Ellipal wallet isn’t as user-friendly as other wallets that are hardware-based that can be linked to a computer for easy transactions.
The Ellipal wallet retails for $149. It is relatively brand new in the marketplace, which implies that it has not been tested in battle yet. This is something that potential buyers need to be aware of when purchasing the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR and Ledger) have been around for longer and have a an established track record of security.
In terms of coin support in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet supports only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is fewer than the coins supported by its competitors, TREZOR and Ledger, which could be a problem for some users. However, the company is working to provide the support of more coins in the future.
In conclusion, the Ellipal wallet has been a fresh player in the market for hardware wallets and promises that it is 100% secure due to its complete isolation from any computer or network. The company behind it is 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 the price of $149 is in line with other wallets. While the idea of a totally exclusive hardware wallet is appealing however, you should consider the track record and security features of other hardware wallets prior to making a choice. In the end, the decision on whether the Ellipal wallet is worth the price is up to the individual. It’s a safe option with a unique design however, it’s not as user-friendly for use like other hardware wallets. Additionally, it’s an extremely new product on the market.