The world of cryptocurrency has seen an significant increase in the amount of wallets that are hardware on the market in recent years, each promises to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is the latest entrant in this field and aims to stand out from the crowd by providing an entirely separate solution. As the use of cryptocurrency becomes more mainstream it is becoming more important to safe security for digital asset storage is becoming increasingly crucial. Ellipal wallet Ellipal digital wallet device that keeps the private key to digital assets offline and prevents hackers from taking them remotely.
Ellipal the company that developed the wallet’s hardware component is a relatively young competitor in the market. It raised $55K through an Indiegogo campaign to finance its development. The company’s website and online reviews state that their hardware wallet is 100% secure, however, it’s important to keep in mind that hardware wallets of competing businesses like TREZOR and Ledger are made in a way that no one outside can access your private keys. For instance, even if you connect your TREZOR on a compromised computer which is infected by viruses Your private keys remain safe and secure.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely isolated from any computer or network which means it does not have wired or wireless connectivity. Instead, it transmits QR codes via an image camera at the rear end. This makes it an extremely secure choice as it removes the possibility of a hacker having access to the private key by the network. It’s important to note that this also means that the Ellipal wallet isn’t as convenient to use like other wallets on hardware that connect to a computer for simple transactions.
The Ellipal wallet retails for $149. It is fairly recent to market which implies that it has not been tested in battle yet. This is something potential buyers need to take into consideration when buying Ellipal. Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR and Ledger) were on the market for longer and have a an established track record of security.
In terms of coin support In terms of support for coins, the Ellipal wallet currently supports the following coins: a few, including Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. It is lower than the number of coins supported by its competitors, TREZOR and Ledger, which may be a concern for some customers. The company is currently working on adding more support for coins in the future.
In the end, it is clear that the Ellipal wallet is a fresh player on the hardware wallet market, promising to be completely secure due to its complete inaccessibility to any computer or network. The company behind it is relatively new, and the product hasn’t been battle-tested yet. The Ellipal wallet is currently compatible with a limited number of coins and its price of $149 is in line with the other options. Although the concept of a completely separated hardware wallet sounds appealing however, you should consider the security and track record features of other hardware wallets before making a choice. The final decision about whether the Ellipal product is worthwhile for the price is up to the individual. It’s a very secure option that has a modern design but it’s not as convenient to use as other wallets. Additionally, it’s an all-new product available on the market.