The world of cryptocurrency has seen an significant rise in the number of hardware wallets on the market in recent years. Each promises to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a new entry into the market and is aiming to differentiate itself from its rivals by providing a completely isolated solution. As cryptocurrency usage is becoming more widespread and more commonplace, the need for secure the storage and protection of assets is becoming increasingly crucial. Ellipal wallet Ellipal wallet can be described as a gadget that stores the private key to digital assets indefinitely and prevents hackers from taking their assets remotely.
Ellipal, the company behind the hardware wallet is a relatively new player in the market. They raised $55K in an Indiegogo campaign to finance its development. The company’s website and reviews online claim the hardware wallet as 100% secure, however, it’s important to keep in mind that hardware wallets from rival companies like TREZOR as well as Ledger are constructed in a manner that no one outside can view your private key. For instance, even if it is possible to connect your TREZOR on a compromised device that has been infected with viruses your private keys are still safe and secure.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely isolated from any computer or network, meaning it has no wireless or wired connectivity. Instead, it communicates via QR codes via a camera on the rear of the. This makes it a very safe option since it blocks the possibility of hackers having gain access to private information via an internet connection. However, it’s worth noting that this means the Ellipal wallet is not so user-friendly as other hardware wallets that can be linked to a computer for simple transactions.
The Ellipal wallet retails for $149. It is fairly recent to market which means that it isn’t battle-tested yet. This is something potential buyers need to keep in mind when considering purchasing the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR as well as Ledger) have been around for longer and have established track records of security.
In terms of coin support In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is less than the amount of coins supported by its competitors, TREZOR and Ledger, which may be a concern for some customers. The company is working to add support for more coins in the near future.
In the end it is clear that the Ellipal wallet has been a brand new player on the market for hardware wallets, promising to be completely secure due to its complete isolation from any network or computer. The company behind it is relatively new and the product hasn’t been tested in battle yet. The Ellipal wallet currently supports the use of a small number of coins and its price at $149 is comparable with other wallets. Although the idea of a completely exclusive hardware wallet is appealing however, you should consider the track record and security features of other hardware wallets prior to making a decision. In the end, the decision on whether or not the Ellipal wallet is worth the price is up to the person who buys it. It’s a safe option with a unique design however, it’s not as easy for use like other wallets. It’s also an all-new product on the market.