The world of cryptocurrency has seen an significant increase in the amount of wallets that are hardware in recent years, each promises to keep digital assets secure and safe. Its Ellipal wallet is a brand new competitor in the field, and hopes to differentiate from the crowd by providing an unrivalled solution. As the use of cryptocurrency becomes more mainstream and more commonplace, the need for secure security for digital asset storage becomes increasingly important. The Ellipal wallet can be described as a tool which keeps the private keys to digital assets off-line and prevents hackers from taking their assets from a remote location.
Ellipal the company that developed the hardware wallet is a relatively new competitor in the market. They raised $55K in the course of an Indiegogo campaign to finance the development of their product. The company’s website and reviews online claim they are 100% secure, but it’s important to note that the hardware wallets of rival businesses like TREZOR and Ledger are made in a way that no attacker from outside is able to access your private keys. For example, even if the TREZOR is connected TREZOR to a compromised system that has been infected with viruses, your private keys will remain safe and secure.
The Ellipal wallet is unique in its design. It is completely disconnected from any computer or network that is, it doesn’t have wireless or wired connectivity. Instead, it communicates via QR codes through a camera on the rear of the. This makes it a very safe option since it blocks the possibility of a hacker getting access to the private key by the network. However, it’s important to remember that this means the Ellipal wallet is not so user-friendly like other wallets on hardware, which can be connected to a computer for simple transactions.
The Ellipal wallet costs $149 and is relatively recent to market which implies that it isn’t battle-tested yet. This is something that potential buyers need to take into consideration when purchasing this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR as well as Ledger) have been in business for longer and have proven track record of security.
In terms of support for coin, the Ellipal wallet is currently able to support only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is fewer than the number of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some buyers. The company is working to provide more support for coins in the near future.
In conclusion, Ellipal wallet is a good choice. Ellipal device is an fresh player on the hardware wallet market, promising to be completely secure because of its complete inaccessibility to any network or computer. The company behind it is new and the product has not been tested in battle yet. The Ellipal wallet supports only a few coins, and its price tag of $149 is in line with the other options. While the idea of a fully exclusive hardware wallet is appealing, it’s important to consider the track record and security features of other hardware wallet options before making a decision. In the end, the decision on whether or not the Ellipal product is worthwhile for the price is up to the person who buys it. It’s an extremely secure choice with a unique design however, it’s not as user-friendly to use as other hardware wallets, and it’s an all-new product on the market.