The world of cryptocurrency has seen an significant increase in the number of wallets that are hardware on the market in recent years, all promising that digital assets will be safe and secure. The Ellipal wallet is a brand new competitor in the field, and aims to stand out from its rivals by providing a completely isolated solution. As cryptocurrency usage is becoming more widespread, the need for safe security for digital asset storage becomes increasingly essential. The Ellipal digital wallet device which keeps the private keys to digital assets off-line to prevent hackers from taking the keys from a remote location.
Ellipal the company that developed the hardware wallet is a relatively new competitor in the market. They raised $55K in the course of an Indiegogo campaign to help fund its development. The company’s website as well as reviews online claim they are completely safe, however it is important to note that the hardware wallets of rival companies such as TREZOR and Ledger are constructed in a manner that no one outside can access your private keys. For instance, even if you connect your TREZOR with a compromised device that is infected with viruses Your private keys are still secure and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely isolated from any network or computer which means it does not have wireless or wired connections. Instead, it communicates through QR codes via cameras on its rear end. This makes it a highly secure choice as it removes the possibility of hackers having an access point to your private keys via an internet connection. However, it’s worth noting that this means the Ellipal wallet isn’t as user-friendly as other hardware wallets, which can be connected to a computer for easy transactions.
The Ellipal wallet retails for $149. It is fairly brand new in the marketplace, which implies that it isn’t tested in battle yet. This is something potential buyers must be aware of when buying this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR and Ledger) have been in business for a longer time and have a an established track record of security.
Regarding support for coins in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet supports only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin along with ERC20 tokens. This is fewer than the number of coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some buyers. But, the company is working to add support for more coins in the near future.
In conclusion it is clear that the Ellipal device is an fresh player in the market for hardware wallets and promises to be completely secure due to its complete isolation from any computer or network. Ellipal is a company that’s new and the product hasn’t been battle-tested as of yet. The Ellipal wallet supports only a few coins and its price of $149 is on par with the other options. While the idea of a fully separated hardware wallet sounds appealing, it’s important to consider the track record and security features of other hardware wallets prior to making a decision. The final decision about whether the Ellipal wallet is worth the cost is entirely up to the user. It’s a very secure option that has a modern design however, it’s not as user-friendly for use like other hardware wallets. Additionally, it’s an all-new product on the market.