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 is aiming to differentiate itself from the crowd by providing an entirely separate solution. As cryptocurrency usage becomes more mainstream, the need for secure security for digital asset storage is becoming increasingly crucial. It is the Ellipal digital wallet device that keeps the private key to digital assets indefinitely to prevent hackers from taking the keys from a remote location.
Ellipal the company that developed the wallet’s hardware is a relatively new company on the market. They raised $55K in an Indiegogo campaign to fund the development of their product. The website of the company and its online reviews state that their hardware wallet is completely safe, however it is important to remember that hardware wallets from rival companies like TREZOR and Ledger are made in a way that no one outside can see your private keys. For example, even if you connect your TREZOR with a compromised computer that is infected with viruses your private keys remain protected and safe.
Its Ellipal wallet is unique in its design, it is completely disconnected from any computer or network that is, it doesn’t have wireless or wired connections. Instead, it transmits QR codes via an image camera at the rear of the. This makes it a very secure option as it eliminates the possibility of a hacker gaining access to the private key via an internet connection. However, it’s important to remember that this means the Ellipal wallet isn’t so user-friendly as other hardware wallets that can be linked to a computer for easy transactions.
The Ellipal wallet retails for $149. It is relatively recent to market meaning that it’s not combat-tested to date. This is something that potential buyers should keep in mind when considering purchasing this Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR and Ledger) have been on the market for a longer time and have a proven track record of security.
Regarding support for coins In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports only a small number of coins which include Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is less than the coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some customers. But, 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 is a new player on the market of hardware wallets that claims to be 100% safe due to its total inaccessibility to any network or computer. The company behind it is relatively new, and the product has not been battle-tested as of yet. The Ellipal wallet is currently compatible with a limited number of coins and the price of $149 is on par with the other options. While the idea of a fully isolated hardware wallet is intriguing however, you should consider the history and security features of other hardware wallets before making a choice. Ultimately, the decision of whether or not the Ellipal product is worthwhile for the price is up to the person who buys it. It’s an extremely secure choice with an innovative design, however, it’s not as easy in use as the other hardware wallets. It’s also an all-new product that’s available.