The cryptocurrency market has seen a significant increase in the amount of wallets that are hardware in recent years. Each claims that digital assets will be secure and safe. Ellipal is one of them. Ellipal wallet is a new entrant in this field and hopes to differentiate from the crowd by providing a completely isolated solution. As the use of cryptocurrency is becoming more widespread it is becoming more important to secure storage of digital assets becomes more crucial. Ellipal wallet Ellipal wallet can be described as a device which keeps the private keys to digital assets indefinitely to prevent hackers from taking them remotely.
Ellipal, the company behind the wallet’s hardware, is a relatively new player in the market. It raised $55K through the course of an Indiegogo campaign to fund its development. The company’s website as well as online reviews claim that their hardware wallet is completely safe, however it is important to remember that hardware wallets from rival companies like TREZOR as well as Ledger are also designed in a way that no one outside can see your private keys. In the event that, for instance, you connect your TREZOR on a compromised device that has been infected with viruses your private keys remain safe and secure.
Ellipal is a unique wallet. 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 connectivity. Instead, it communicates through QR codes via an image camera at the rear end. This makes it a very safe option since it blocks the possibility of a hacker having gain access to private information through the network. However, it’s worth noting that this means the Ellipal wallet is not so user-friendly as other wallets that are hardware-based that connect to a computer for easy transactions.
The Ellipal wallet costs $149 and is fairly brand new in the marketplace, meaning that it’s not tested in battle yet. This is something prospective buyers should keep in mind when considering purchasing Ellipal. Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR as well as Ledger) are in business for longer and have a established track records of security.
In terms of support for coin in terms of coin support, 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. It is lower than the coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some users. But, the company is working to provide more support for coins in the near future.
In conclusion it is clear that it is clear that the Ellipal wallet is a brand new competitor in the market of hardware wallets and promises that it is 100% safe due to its total separation from any computer or network. The company behind it is relatively new, and the product has not been battle-tested yet. The Ellipal wallet supports the use of a small number of coins and the price of $149 is on par with its competitors. Although the idea of a totally 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 or not the Ellipal wallet is worth the price is up to the individual. It’s a very secure option with a unique design however, it’s not as user-friendly in use as the other wallets. Additionally, it’s an extremely new product available on the market.