The world of cryptocurrency has seen a significant increase in the number of wallets that are hardware in recent years, each claims to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a brand new entry into the market and is aiming to differentiate itself from its rivals by providing an entirely separate solution. As the use of cryptocurrency grows more commonplace and more commonplace, the need for safe the storage and protection of assets becomes increasingly crucial. The Ellipal digital wallet device that keeps the private key to digital assets offline to prevent hackers from taking them remotely.
Ellipal the company that developed the hardware wallet is a relatively young player in the market. They raised $55K in an Indiegogo campaign to help fund its development. The company’s website and reviews online claim the hardware wallet as completely secure, but it’s important to note that the hardware wallets of rival businesses like TREZOR as well as Ledger are constructed in a manner that no attacker from outside is able to see your private keys. For instance, even if the TREZOR is connected TREZOR on a compromised computer 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 disconnected from any network or computer that is, it doesn’t have wired or wireless connectivity. Instead, it transmits QR codes through a camera on the rear end. This makes it a very secure choice as it removes the possibility of a hacker gaining an access point to your private keys by a network connection. It’s important to note that this could mean that the Ellipal wallet is not as user-friendly like other wallets on hardware that connect to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is fairly recent to market meaning that it’s not tested in battle yet. This is something that potential buyers need to keep in mind when considering purchasing this Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR as well as Ledger) were in business for a longer time and have a proven track record of security.
In terms of support for coin in terms of coin support, the 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 number of coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some buyers. But, the company is working to add the support of more coins in the future.
In conclusion, Ellipal wallet is a good choice. Ellipal wallet has been a new player on the hardware wallet market that claims to be 100% secure because of its complete separation from any network or computer. The company behind it is new and the product has not been tested in battle yet. The Ellipal wallet is currently compatible with only a few coins and its price of $149 is in line with other wallets. Although the concept of a fully exclusive hardware wallet is appealing however, you should consider the history and security measures of other wallets before making a choice. Ultimately, the decision of whether or not the Ellipal device is well worth the cost is entirely up to the user. It’s a safe option with a unique design however, it’s not as easy to use as other hardware wallets. It’s also a relatively new product available on the market.