The world of cryptocurrency has seen a significant rise in the number of hardware wallets in recent years, all claims that digital assets will be secure and safe. Its Ellipal wallet is a new entry into the market and aims to stand out from its competitors by offering an unrivalled solution. As cryptocurrency usage grows more commonplace it is becoming more important to secure storage of digital assets becomes more crucial. It is the Ellipal digital wallet tool that keeps the private key to digital assets offline to prevent hackers from taking them remotely.
Ellipal, the company behind the wallet’s hardware component is a relatively new 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 as well as online reviews claim that their hardware wallet is 100% safe, however it is important to keep in mind that hardware wallets of rival firms like TREZOR and Ledger are also designed in a way that no one outside can access your private keys. For example, even if it is possible to connect your TREZOR on a compromised system that has been infected with viruses your private keys remain protected and safe.
The Ellipal wallet is unique in its design, it is completely unconnected to any network or computer which means it does not have wired or wireless connectivity. Instead, it transmits QR codes through cameras on its back of the. This makes it an extremely secure option as it eliminates the possibility of hackers getting access to the private key through the network. It’s important to note that this means the Ellipal wallet isn’t as user-friendly as other wallets that are hardware-based that connect to a computer for simple transactions.
The Ellipal wallet costs $149 and is fairly new to the market, meaning that it has not been tested in battle yet. This is something that potential buyers need to keep in mind when considering buying this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR as well as Ledger) have been on the market for longer and have proven track record of security.
In terms of coin support In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support only a small number of coins, 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 might be a worry for some buyers. But, the company is currently working on adding support for more coins in the near future.
In conclusion, Ellipal wallet is a good choice. Ellipal wallet is a brand new competitor in the market for hardware wallets that claims that it is 100% safe due to its total isolation from any network or computer. Ellipal is a company that’s new, and the product has not been battle-tested yet. The Ellipal wallet currently supports a limited number of coins and its price of $149 is on par with its competitors. While the idea of a completely exclusive hardware wallet is appealing but it’s crucial to look at the history and security features of other hardware wallets before making a choice. Ultimately, the decision of whether the Ellipal product is worthwhile for the price is up to the individual. It’s a very secure option with an innovative design, but it’s not as convenient in use as the other wallets, and it’s a relatively new product that’s available.