The world of cryptocurrency has seen an significant increase in the number of wallets that are hardware in recent years, all promises to keep digital assets secure and safe. The Ellipal wallet is the latest entrant in this field and is aiming to differentiate itself from its competitors by offering a completely isolated solution. As the use of cryptocurrency is becoming more widespread, the need for safe storage of digital assets is becoming increasingly essential. It is the Ellipal digital wallet tool which keeps the private keys to digital assets indefinitely and prevents hackers from taking their assets remotely.
Ellipal, the company behind the hardware wallet is a relatively new player in the market. It raised $55K through an Indiegogo campaign to help fund the development of their product. The company’s website and online reviews claim that their hardware wallet is 100% secure, however, it’s important to keep in mind that hardware wallets from rival firms like TREZOR as well as Ledger are made in a way that no one outside can access your private keys. In the event that, for instance, the TREZOR is connected TREZOR on a compromised device which is infected by viruses Your private keys will remain protected and safe.
Its Ellipal wallet is unique in its design. It is completely isolated from any network or computer that is, it doesn’t have wireless or wired connectivity. Instead, it communicates through QR codes through an image camera at the rear end. This makes it a very secure option as it eliminates the possibility of a hacker having an access point to your private keys by an internet connection. However, it’s worth noting that this also means that the Ellipal wallet isn’t so user-friendly like other wallets on hardware, which can be connected to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is relatively brand new in the marketplace, meaning that it’s not battle-tested yet. This is something that potential buyers need to take into consideration when buying this Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR as well as Ledger) are around for longer and have a established track records 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 a limited number of coins which include Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is fewer than the amount of coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some users. However, the company is working to provide the support of more coins in the future.
In the end In conclusion, it is clear that the Ellipal wallet is a new player on the hardware wallet market that claims to be completely secure due to its complete inaccessibility to any computer or network. Its creators are relatively new, and the product has not been battle-tested yet. The Ellipal wallet currently supports only a few coins and the price of $149 is in line with the other options. Although the concept of a fully separated hardware wallet sounds appealing, it’s important to consider the history and security measures of other wallet options before making a decision. The final decision about whether the Ellipal wallet is worth the cost is entirely up to the user. It’s an extremely secure choice with a unique design but it’s not as convenient to use as other hardware wallets. Additionally, it’s an extremely new product available on the market.