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The cryptocurrency market has witnessed an significant increase in the amount of hardware wallets on the market in recent years. Each promising that digital assets will be safe and secure. The Ellipal wallet is a new entrant in this field and is aiming to differentiate itself from its rivals by providing an entirely separate solution. As the use of cryptocurrency is becoming more widespread it is becoming more important to secure storage of digital assets becomes more crucial. The Ellipal wallet is a tool which keeps the private keys to digital assets offline and prevents hackers from taking the keys from a remote location.

Ellipal the company that developed the wallet’s hardware component, is a relatively new player in the market. It raised $55K through an Indiegogo campaign to help fund research and development for their products. The company’s website as well as reviews online claim they are completely secure, but it’s important to keep in mind that hardware wallets from rival firms such as TREZOR as well as Ledger are also designed in a way that no one outside can view your private key. In the event that, for instance, you connect your TREZOR on a compromised computer that has been infected with viruses your private keys will remain safe and secure.

Ellipal is a unique wallet. Ellipal wallet is unique in its design. It is completely unconnected to any computer or network which means it does not have wired or wireless connectivity. Instead, it communicates via QR codes through a camera on the back of the. This makes it a very secure option as it eliminates the possibility of a hacker getting access to the private key by an internet connection. However, it’s worth noting that this means the Ellipal wallet is not so user-friendly as other wallets that are hardware-based, which can be connected to a computer for easy transactions.

The Ellipal wallet is priced at $149. It is relatively recent to market which implies that it isn’t tested in battle yet. This is something potential buyers must keep in mind when considering buying this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR and Ledger) have been in business for longer and have a an established track record of security.

Regarding support for coins, the Ellipal wallet is currently able to support the following coins: a few, including Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is less than the number of coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some customers. However, the company is working to add more support for coins in the future.

In the end it is clear that it is clear that the Ellipal device is an new player in the hardware wallet market and promises to be completely secure because of its complete isolation from any network or computer. Ellipal is a company that’s new and the product has not been battle-tested as of yet. The Ellipal wallet supports only a few coins and its price at $149 is comparable with other wallets. While the idea of a fully separated hardware wallet sounds appealing however, you should consider the history and security measures of other wallet options 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 very secure option with an innovative design, however, it’s not as easy for use like other hardware wallets. It’s also an all-new product that’s available.