The world of cryptocurrency has seen a significant increase in the number of hardware wallets available in recent years, each promises to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a new competitor in the field, and is aiming to differentiate itself from its rivals by providing a completely isolated solution. As the use of cryptocurrency is becoming more widespread and more commonplace, the need for secure storage of digital assets becomes increasingly important. The Ellipal digital wallet gadget that stores the private key to digital assets indefinitely and prevents hackers from taking their assets remotely.
Ellipal, the company behind the wallet’s hardware is a relatively young company on the market. They raised $55K in the course of an Indiegogo campaign to fund research and development for their products. The company’s website and online reviews state the hardware wallet as completely safe, however it is important to remember that hardware wallets of rival firms such as TREZOR and Ledger are made in a way that no outside attacker can see your private keys. For instance, even if you connect your TREZOR on a compromised computer which is infected by viruses your private keys are still safe and secure.
The 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 through QR codes via cameras on its rear end. This makes it a very secure choice as it removes the possibility of a hacker getting an access point to your private keys through a network connection. It’s important to note that this could mean that the Ellipal wallet is not so user-friendly as other hardware wallets that can be linked to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is fairly brand new in the marketplace, which means that it has not been combat-tested to date. This is something potential buyers must take into consideration when buying the Ellipal wallet. Comparatively, both of the leading hardware wallet makers today (TREZOR as well as Ledger) were around for a longer time and have a proven track record of security.
In terms of support for coin In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports the following coins: a few that are supported, such as Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. It is lower than the number of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some buyers. The company is working to provide support for more coins in the near future.
In conclusion In conclusion, Ellipal wallet is a good choice. Ellipal wallet has been a new player on the market of hardware wallets and promises to be 100% secure due to its complete separation from any computer or network. Its creators are new and the product hasn’t been battle-tested yet. The Ellipal wallet supports only a few coins, and its price tag of $149 is on par with its competitors. While the idea of a fully isolated hardware wallet is intriguing however, you should consider the security and track record features of other hardware wallets before making a decision. In the end, the decision on whether or not the Ellipal device is well worth the price is up to the person who buys it. It’s a safe option with a unique design but it’s not as convenient in use as the other wallets. It’s also an all-new product that’s available.