The world of cryptocurrency has witnessed an significant increase in the number of wallets that are hardware on the market in recent years, each claims that digital assets will be safe and secure. The Ellipal wallet is the latest entry into the market and hopes to differentiate from the crowd by providing an entirely separate solution. As the use of cryptocurrency grows more commonplace, the need for safe the storage and protection of assets becomes increasingly essential. The Ellipal wallet is a device that keeps the private key to digital assets off-line, preventing hackers from stealing their assets remotely.
Ellipal the company that developed the hardware wallet, is a relatively new competitor in the market. They raised $55K in an Indiegogo campaign to fund its development. The company’s website and online reviews state they are completely secure, however, it’s important to note that the hardware wallets from rival firms such as TREZOR as well as Ledger are made in a way that no attacker from outside is able to see your private keys. For example, even if it is possible to connect your TREZOR with a compromised system that is infected with viruses, your private keys are still secure and safe.
The Ellipal wallet is distinctive in its design, it is completely disconnected from any computer or network, meaning it has no wireless or wired connectivity. Instead, it transmits QR codes through an image camera at the rear of the. This makes it an extremely safe option since it blocks the possibility of hackers gaining gain access to private information via an internet connection. However, it’s important to remember that this means the Ellipal wallet is not as convenient to use as other wallets that are hardware-based that connect to a computer for simple transactions.
The Ellipal wallet costs $149 and is fairly recent to market meaning that it isn’t battle-tested yet. This is something prospective buyers should be aware of when purchasing the Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR and Ledger) have been on the market for longer and have a an established track record of security.
Regarding support for coins In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, and 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. However, the company is working to add the support of more coins in the near future.
In conclusion In conclusion, Ellipal wallet is a good choice. Ellipal wallet is a fresh competitor in the market of hardware wallets and promises to be completely safe due to its total separation from any network or computer. Its creators are new and the product hasn’t been battle-tested as of yet. The Ellipal wallet currently supports a limited number of coins, and its price tag at $149 is comparable with its competitors. Although the concept of a totally separated hardware wallet sounds appealing, it’s important to consider the security and track record features of other hardware wallet options before making a decision. The final decision about whether or not the Ellipal device is well worth the cost is entirely up to the user. It’s a safe option that has a modern design however, it’s not as user-friendly in use as the other hardware wallets. It’s also an extremely new product that’s available.