The cryptocurrency market has witnessed an significant increase in the amount of hardware wallets available on the market in recent years, each promises that digital assets will be secure and safe. Ellipal is one of them. Ellipal wallet is the latest competitor in the field, and hopes to differentiate from the crowd by providing an unrivalled solution. As cryptocurrency usage is becoming more widespread and more commonplace, the need for secure storage of digital assets becomes more crucial. It is the Ellipal wallet is a device which keeps the private keys to digital assets off-line and prevents hackers from taking them from a remote location.
Ellipal, the company behind the hardware wallet, is a relatively new player in the market. The company raised $55K via the course of an Indiegogo campaign to fund research and development for their products. The website of the company and its online reviews claim the hardware wallet as completely secure, however, it’s important to note that the hardware wallets of rival businesses like TREZOR and Ledger are also designed in a way that no attacker from outside is able to access your private keys. For instance, even if it is possible to connect your TREZOR on a compromised device which is infected by viruses, your private keys remain safe and secure.
Its Ellipal wallet is distinctive in its design, it is completely unconnected to any computer or network, meaning it has no wired or wireless connectivity. Instead, it communicates via QR codes via a camera on the rear end. This makes it a highly secure choice as it removes the possibility of a hacker getting access to the private key via a network connection. However, it’s important to remember that this could mean that the Ellipal wallet isn’t as convenient to use as other wallets that are hardware-based that can be linked to a computer for easy transactions.
The Ellipal wallet costs $149 and is relatively new to the market, which means that it isn’t tested in battle yet. This is something potential buyers should be aware of when purchasing Ellipal. Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR and Ledger) have been in business for longer and have a proven track record of security.
In terms of coin support in terms of coin support, the Ellipal wallet currently supports only a small number of coins which include Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is fewer than the coins supported by its competitors, TREZOR and Ledger, which could be a problem for some users. The company is working to add support for more coins in the future.
In conclusion it is clear that Ellipal wallet is a good choice. Ellipal device is an fresh competitor in the hardware wallet market and promises to be 100% safe due to its total separation from any computer or network. The company behind it is new, and the product hasn’t been battle-tested as of yet. The Ellipal wallet supports only a few coins, and its price tag at $149 is comparable with other wallets. Although the idea of a completely isolated hardware wallet is intriguing however, you should consider the security and track record measures of other wallets prior to making a choice. The final decision about whether or not the Ellipal wallet is worth the price is up to the person who buys it. It’s a very secure option with an innovative design, but it’s not as convenient in use as the other hardware wallets. Additionally, it’s a relatively new product that’s available.