The world of cryptocurrency has witnessed an significant increase in the number of wallets that are hardware on the market in recent years, all promises that digital assets will be safe and secure. The Ellipal wallet is a brand new entrant in this field and aims to stand out from its rivals by providing an unrivalled solution. As the use of cryptocurrency is becoming more widespread and more commonplace, the need for secure the storage and protection of assets becomes more important. The Ellipal wallet can be described as a gadget which keeps the private keys to digital assets off-line, preventing hackers from stealing their assets remotely.
Ellipal, the company behind the wallet’s hardware component is a relatively new competitor in the market. It raised $55K through an Indiegogo campaign to finance the development of their product. The company’s website and reviews online claim the hardware wallet as completely secure, however, it’s important to note that the hardware wallets of competing companies like TREZOR and Ledger are made in a way that no attacker from outside is able to view your private key. For example, even if it is possible to connect your TREZOR on a compromised system that is infected with viruses your private keys will remain 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 through cameras on its back of the. This makes it a very secure choice as it removes the possibility of a hacker having gain access to private information through the network. However, it’s important to remember that this also means that the Ellipal wallet is not as convenient to use as other wallets that are hardware-based, which can be connected to a computer for easy transactions.
The Ellipal wallet costs $149 and is fairly new to the market, which means that it’s not tested in battle yet. This is something potential buyers must take into consideration when buying this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR and Ledger) were on the market for longer and have a an established track record of security.
In terms of support for coin, Ellipal wallet supports a limited number of coins. Ellipal wallet supports a limited number of coins 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 could be a problem for some buyers. The company is working to add more support for coins in the future.
In conclusion it is clear that it is clear that the Ellipal device is an brand new player in the market for hardware wallets that claims to be 100% secure due to its complete isolation from any computer or network. Its creators are new, and the product hasn’t been tested in battle yet. The Ellipal wallet supports the use of a small number of coins and the price of $149 is in line with other wallets. Although the idea of a totally exclusive hardware wallet is appealing however, you should consider the history and security measures of other hardware wallet options before making a choice. Ultimately, the decision of whether or not the Ellipal product is worthwhile for the price is up to the individual. It’s a very secure option that has a modern design however, it’s not as user-friendly for use like other hardware wallets. It’s also an extremely new product on the market.