The world of cryptocurrency has seen a significant increase in the amount of hardware wallets in recent years. Each promises to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a brand new entry into the market and hopes to differentiate from the crowd by providing a completely isolated solution. As the use of cryptocurrency becomes more mainstream, the need for secure security for digital asset storage becomes increasingly crucial. Ellipal wallet Ellipal digital wallet gadget which keeps the private keys to digital assets offline, preventing hackers from stealing their assets remotely.
Ellipal the company that developed the hardware wallet is a relatively new company on the market. It raised $55K through an Indiegogo campaign to fund its development. The company’s website and reviews online claim they are 100% safe, however it is important to remember that hardware wallets of rival firms like TREZOR and Ledger are made in a way that no one outside can see your private keys. In the event that, for instance, you connect your TREZOR with a compromised system which is infected by viruses your private keys are still safe and secure.
Its Ellipal wallet is unique in its design. It is completely unconnected to any network or computer, 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 a hacker gaining an access point to your private keys by an internet connection. It’s important to note that this means the Ellipal wallet isn’t so user-friendly like other wallets on hardware that connect to a computer to facilitate transactions.
The Ellipal wallet costs $149 and is fairly new to the market, which implies that it isn’t combat-tested to date. This is something potential buyers should be aware of when buying this Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR as well as Ledger) are around for a longer time and have a established track records of security.
In terms of support for coin, the Ellipal wallet is currently able to support the following coins: a few that are supported, such as Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is fewer than the amount of coins supported by its competitors, TREZOR and Ledger, which might be a worry for some buyers. The company is currently working on adding the support of more coins in the near future.
In the end, the Ellipal wallet is a brand new player on the hardware wallet market and promises that it is 100% secure because of its complete isolation from any network or computer. The company behind it is new, and the product has not been battle-tested as of yet. The Ellipal wallet supports a limited number of coins and its price of $149 is in line with the other options. Although the idea of a totally separated hardware wallet sounds appealing however, you should consider the security and track record measures of other hardware wallets before making a choice. Ultimately, the decision of whether or not the Ellipal wallet is worth the price 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. Additionally, it’s an all-new product available on the market.