The cryptocurrency market has witnessed a significant increase in the amount of hardware wallets available in recent years, each promising to keep digital assets safe and secure. The Ellipal wallet is the latest entrant in this field and hopes to differentiate from the crowd by providing an entirely separate solution. As cryptocurrency usage becomes more mainstream it is becoming more important to safe storage of digital assets becomes more essential. Ellipal wallet Ellipal digital wallet device which keeps the private keys to digital assets indefinitely, preventing hackers from stealing the keys remotely.
Ellipal the company that developed the wallet’s hardware component is a relatively young competitor in the market. The company raised $55K via an Indiegogo campaign to fund the development of their product. The website of the company and its online reviews state they are completely secure, however, it’s important to remember that hardware wallets from rival businesses such as TREZOR as well as Ledger are also designed in a way that no outside attacker can access your private keys. For instance, even if the TREZOR is connected TREZOR to a compromised computer that is 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 isolated from any computer or network, meaning it has no wired or wireless connectivity. Instead, it communicates via QR codes via a camera on the back of the. This makes it a highly secure option as it eliminates the possibility of hackers gaining an access point to your private keys through a network connection. However, it’s worth noting that this means the Ellipal wallet is not so user-friendly like other wallets on hardware that connect to a computer for easy transactions.
The Ellipal wallet retails for $149. It is fairly new to the market, which implies that it has not been combat-tested to date. This is something that potential buyers need to keep in mind when considering buying this Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR as well as Ledger) have been in business for a longer time and have a established track records of security.
Regarding support for coins in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet supports only a small number of coins, including Bitcoin, Ethereum, Litecoin and ERC20 tokens. It is lower than the coins supported by its competitors, TREZOR and Ledger, which might be a worry for some users. The company is working to provide support for more coins in the near future.
In the end it is clear that the Ellipal wallet is a brand new player in the market for hardware wallets that claims to be 100% secure because of its complete inaccessibility to any computer or network. The company behind it is new, and the product hasn’t been battle-tested as of yet. The Ellipal wallet is currently compatible with only a few coins and the price at $149 is comparable with the other options. While the idea of a completely exclusive hardware wallet is appealing however, you should consider the track record and security features of other hardware wallet options before making a choice. In the end, the decision on whether the Ellipal wallet is worth the price is up to the person who buys it. It’s an extremely secure choice that has a modern design but it’s not as convenient for use like other wallets. It’s also an extremely new product on the market.