The world of cryptocurrency has witnessed an significant increase in the number of hardware wallets available in recent years. Each claims that digital assets will be safe and secure. Its Ellipal wallet is a brand new competitor in the field, and hopes to differentiate from its competitors by offering an unrivalled solution. As cryptocurrency usage becomes more mainstream it is becoming more important to safe storage of digital assets becomes increasingly essential. The Ellipal wallet is a device which keeps the private keys to digital assets indefinitely, preventing hackers from stealing them from a remote location.
Ellipal, the company behind the wallet’s hardware is a relatively new competitor in the market. The company raised $55K via the course of an Indiegogo campaign to help fund the development of their product. The company’s website and online reviews claim the hardware wallet as 100% safe, however it is important to keep in mind that hardware wallets of rival businesses like TREZOR as well as Ledger are made in a way that no outside attacker can access your private keys. For example, even if you connect your TREZOR with a compromised computer which is infected by viruses your private keys will remain secure and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design. It is completely unconnected to any network or computer, meaning it has no wireless or wired connectivity. Instead, it transmits QR codes using cameras on its rear end. This makes it a highly safe option since it blocks the possibility of hackers gaining an access point to your private keys by a network connection. It’s important to note that this could mean that the Ellipal wallet is not as user-friendly as other hardware wallets, which can be connected to a computer to facilitate transactions.
The Ellipal wallet costs $149 and is relatively recent to market which implies that it has not been tested in battle yet. This is something potential buyers should keep in mind when considering purchasing the Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR as well as Ledger) have been around for longer and have a established track records of security.
Regarding support for coins, the Ellipal wallet supports only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is less than the coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some users. The company is working to provide support for more coins in the future.
In the end In conclusion, Ellipal wallet is a good choice. Ellipal device is an brand new player on the market for hardware wallets and promises that it is 100% secure because of its complete inaccessibility to any computer or network. Its creators are new, and the product hasn’t been tested in battle yet. The Ellipal wallet currently supports a limited number of coins and its price at $149 is comparable with the other options. Although the idea of a totally exclusive hardware wallet is appealing however, you should consider the track record and security measures of other hardware wallets before making a decision. Ultimately, the decision of whether or not the Ellipal product is worthwhile for the price is entirely up to the user. It’s a safe option that has a modern design however, it’s not as user-friendly in use as the other hardware wallets, and it’s an all-new product that’s available.