The cryptocurrency market has seen an significant increase in the number of wallets that are hardware on the market in recent years, all promises to keep digital assets safe and secure. The Ellipal wallet is a brand new competitor in the field, and hopes to differentiate from the crowd by providing an entirely separate solution. As the use of cryptocurrency grows more commonplace and more commonplace, the need for safe storage of digital assets is becoming increasingly crucial. Ellipal wallet Ellipal wallet can be described as a tool which keeps the private keys to digital assets off-line and prevents hackers from taking the keys remotely.
Ellipal, the company behind the wallet’s hardware is a relatively young company on the market. They raised $55K in an Indiegogo campaign to finance the development of their product. The company’s website as well as reviews online claim they are 100% secure, however, it’s important to note that the hardware wallets from rival firms like TREZOR as well as Ledger are made in a way that no outside attacker can access your private keys. For example, even if it is possible to connect your TREZOR on a compromised system that has been infected with viruses, your private keys remain secure and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely unconnected to any computer or network which means it does not have wireless or wired connections. Instead, it communicates through QR codes via an image camera at the back of the. This makes it a very secure option as it eliminates the possibility of a hacker getting access to the private key via an internet connection. It’s important to note that this also means that the Ellipal wallet isn’t as user-friendly as other hardware wallets that connect to a computer for easy transactions.
The Ellipal wallet retails for $149. It is relatively new to the market, meaning that it’s not tested in battle yet. This is something potential buyers must keep in mind when considering buying the Ellipal wallet. Comparatively, both of the leading hardware wallet makers today (TREZOR as well as Ledger) are on the market for longer and have an established track record of security.
In terms of support for coin in terms of coin support, the Ellipal wallet currently supports the following coins: a few that are supported, such as Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is less than the coins supported by its competitors, TREZOR and Ledger, which could be a problem for some buyers. But, the company is working to provide support for more coins in the near future.
In the end, the Ellipal device is an brand new player on the market for hardware wallets, promising to be 100% safe due to its total inaccessibility to any network or computer. Ellipal is a company that’s new and the product hasn’t been tested in battle yet. The Ellipal wallet is currently compatible with a limited number of coins, and its price tag of $149 is on par with its competitors. Although the idea of a totally exclusive hardware wallet is appealing however, you should consider the security and track record measures of other hardware wallets prior to making a choice. Ultimately, the decision of whether or not the Ellipal wallet is worth the price is up to the individual. It’s a safe option with an innovative design, however, it’s not as user-friendly for use like other wallets. It’s also an extremely new product that’s available.