The cryptocurrency market has witnessed an significant increase in the amount of hardware wallets in recent years. Each claims to keep digital assets safe and secure. The Ellipal wallet is a new competitor in the field, and aims to stand out from its rivals by providing an unrivalled solution. As cryptocurrency usage becomes more mainstream and more commonplace, the need for secure storage of digital assets becomes more important. The Ellipal wallet can be described as a device that stores the private key to digital assets indefinitely, preventing hackers from stealing the keys remotely.
Ellipal, the company behind the hardware wallet, is a relatively new player in the market. The company raised $55K via an Indiegogo campaign to fund its development. The company’s website and reviews online claim that their hardware wallet is completely safe, however it is important to note that the hardware wallets of rival businesses like TREZOR and Ledger are constructed in a manner that no one outside can see your private keys. In the event that, for instance, it is possible to connect your TREZOR with a compromised system that has been infected with viruses, your private keys will remain safe and secure.
Its Ellipal wallet is unique in its design, it is completely unconnected to any network or computer, meaning it has no wireless or wired connectivity. Instead, it communicates through QR codes through an image camera at the rear end. This makes it a highly secure option as it eliminates the possibility of hackers gaining access to the private key through a network connection. However, it’s worth noting that this could mean that the Ellipal wallet is not as user-friendly as other hardware wallets, which can be connected to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is fairly new to the market, which implies that it has not been battle-tested yet. This is something prospective buyers need to be aware of when buying Ellipal. Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR and Ledger) were around for a longer time and have a an established track record of security.
In terms of support for coin In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support the following coins: a few which include Bitcoin, Ethereum, Litecoin along with ERC20 tokens. This is fewer than the number of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some customers. However, the company is currently working on adding more support for coins in the near future.
In conclusion it is clear that Ellipal wallet is a good choice. Ellipal wallet has been a brand new competitor in the market for hardware wallets and promises to be 100% secure because of its complete separation from any computer or network. The company behind it is relatively new and the product has not been battle-tested as of yet. The Ellipal wallet supports the use of a small number of coins and its price at $149 is comparable with its competitors. Although the idea of a fully isolated hardware wallet is intriguing, it’s important to consider the security and track record measures of other wallet options before making a choice. In the end, the decision on whether the Ellipal wallet is worth the price is entirely up to the user. It’s a very secure option with a unique design however, it’s not as user-friendly to use as other wallets. It’s also an all-new product that’s available.