The cryptocurrency market has seen a significant rise in the number of hardware wallets available in recent years, each promising to keep digital assets safe and secure. Its Ellipal wallet is a new entry into the market and aims to stand out from the crowd by providing an entirely separate solution. As the use of cryptocurrency becomes more mainstream it is becoming more important to safe storage of digital assets is becoming increasingly important. The Ellipal wallet is a tool that keeps the private key to digital assets offline and prevents hackers from taking the keys remotely.
Ellipal the company that developed the wallet’s hardware component, is a relatively new player in the market. They raised $55K in an Indiegogo campaign to help fund the development of their product. The company’s website as well as reviews online claim they are completely secure, however, it’s important to keep in mind that hardware wallets from rival businesses such as TREZOR and Ledger are constructed in a manner that no attacker from outside is able to view your private key. For instance, even if it is possible to connect your TREZOR on a compromised device that is infected with viruses your private keys are still safe and secure.
The 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 transmits QR codes using cameras on its rear end. This makes it a highly secure choice as it removes the possibility of hackers gaining gain access to private information by a network connection. However, it’s worth noting that this means the Ellipal wallet isn’t as convenient to use as other hardware wallets that can be linked to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is relatively recent to market which means that it isn’t battle-tested yet. This is something that potential buyers must take into consideration when buying Ellipal. Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR as well as Ledger) are on the market for longer and have proven track record of security.
Regarding support for coins in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet supports the following coins: a few which include Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. It is lower than the amount of coins supported by its competitors, TREZOR and Ledger, which might be a worry for some buyers. However, the company is currently working on adding support for more coins in the future.
In conclusion In conclusion, Ellipal wallet is a good choice. Ellipal wallet is a brand new competitor in the hardware wallet market that claims to be completely secure because of its complete inaccessibility to any network or computer. The company behind it is relatively new and the product has not been battle-tested yet. The Ellipal wallet currently supports a limited number of coins and its price at $149 is comparable with the other options. Although the idea of a fully separated hardware wallet sounds appealing, it’s important to consider the security and track record features of other hardware wallets before making a decision. The final decision about whether or not the Ellipal product is worthwhile for the price is up to the individual. It’s a very secure option that has a modern design however, it’s not as easy for use like other wallets, and it’s a relatively new product that’s available.