The world of cryptocurrency has seen a significant increase in the amount of wallets that are hardware in recent years, all promising to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a brand new entry into the market and is aiming to differentiate itself from its competitors by offering an unrivalled solution. As cryptocurrency usage becomes more mainstream it is becoming more important to secure security for digital asset storage becomes increasingly essential. It is the Ellipal wallet can be described as a gadget which keeps the private keys to digital assets offline to prevent hackers from taking their assets remotely.
Ellipal the company that developed the hardware wallet is a relatively young company on the market. They raised $55K in the course of an Indiegogo campaign to finance the development of their product. The company’s website and online reviews claim that their hardware wallet is completely secure, but it’s important to remember that hardware wallets of rival companies such as TREZOR and Ledger are made in a way that no one outside can view your private key. In the event that, for instance, you connect your TREZOR to a compromised device that has been infected with viruses Your private keys remain protected and safe.
The Ellipal wallet is distinctive in its design, it is completely isolated from any network or computer that is, it doesn’t have wireless or wired connections. Instead, it transmits QR codes through a camera on the back of the. This makes it a highly safe option since it blocks the possibility of a hacker having an access point to your private keys through the network. However, it’s important to remember that this means the Ellipal wallet isn’t so user-friendly like other wallets on hardware that can be linked to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is fairly recent to market which means that it has not been tested in battle yet. This is something prospective buyers must be aware of when buying this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers of today (TREZOR as well as Ledger) are on the market for longer and have a established track records of security.
In terms of coin support in terms of coin support, the Ellipal wallet supports the following coins: a few that are supported, such as Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is fewer than the amount of coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some customers. But, the company is working to provide the support of more coins in the near future.
In conclusion, Ellipal wallet is a good choice. Ellipal device is an new player in the market of hardware wallets that claims to be completely safe due to its total isolation from any computer or network. Ellipal is a company that’s relatively new, and the product has not been battle-tested as of yet. The Ellipal wallet supports a limited number of coins, and its price tag of $149 is in line with the other options. While the idea of a totally exclusive hardware wallet is appealing however, you should consider the security and track record measures of other wallets prior to making a choice. Ultimately, the decision of 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 however, it’s not as user-friendly for use like other wallets, and it’s an all-new product on the market.