The cryptocurrency market has seen a significant increase in the amount of hardware wallets in recent years, all promises to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a brand new competitor in the field, and is aiming to differentiate itself from its rivals by providing an unrivalled solution. As cryptocurrency usage is becoming more widespread and more commonplace, the need for safe security for digital asset storage becomes more essential. Ellipal wallet Ellipal wallet is a gadget that keeps the private key to digital assets off-line and prevents hackers from taking the keys remotely.
Ellipal, the company behind the hardware wallet is a relatively young competitor in the market. It raised $55K through an Indiegogo campaign to finance its development. The company’s website as well as online reviews state that their hardware wallet is completely safe, however it is important to note that the hardware wallets of competing businesses like TREZOR and Ledger are constructed in a manner that no attacker from outside is able to see your private keys. For example, even if you connect your TREZOR with a compromised device that is infected with viruses your private keys will remain secure and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design. It is completely isolated from any computer or network, meaning it has no wired or wireless connectivity. Instead, it communicates through QR codes via a camera on the back of the. This makes it a highly safe option since it blocks the possibility of a hacker getting gain access to private information by the network. It’s important to note that this means the Ellipal wallet is not as convenient to use like other wallets on hardware that connect to a computer for easy transactions.
The Ellipal wallet costs $149 and is fairly recent to market which implies that it’s not combat-tested to date. This is something that potential buyers should take into consideration when buying the Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR and Ledger) are in business for longer and have a established track records of security.
Regarding support for coins in terms of coin support, the Ellipal wallet is currently able to support the following coins: a few which include Bitcoin, Ethereum, Litecoin and ERC20 tokens. It is lower than the amount of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some buyers. But, the company is working to provide support for more coins in the near future.
In the end, Ellipal wallet is a good choice. Ellipal wallet has been a fresh player on the hardware wallet market that claims to be completely safe due to its total inaccessibility to any network or computer. Its creators are relatively new, and the product has not been battle-tested yet. The Ellipal wallet supports a limited number of coins, and its price tag of $149 is on par with its competitors. While the idea of a fully separated hardware wallet sounds appealing but it’s crucial to look at the security and track record measures of other hardware wallet options before making a decision. The final decision about whether or not the Ellipal wallet is worth the cost is up to the person who buys it. It’s an extremely secure choice with an innovative design, however, it’s not as user-friendly in use as the other hardware wallets. It’s also an extremely new product on the market.