The world of cryptocurrency has witnessed an significant rise in the number of hardware wallets in recent years, each claims to keep digital assets safe and secure. Its Ellipal wallet is a new entrant in this field and hopes to differentiate from its rivals by providing an unrivalled solution. As the use of cryptocurrency is becoming more widespread, the need for secure the storage and protection of assets is becoming increasingly important. It is the Ellipal wallet can be described as a tool that keeps the private key to digital assets indefinitely and prevents hackers from taking their assets remotely.
Ellipal the company that developed the hardware wallet, is a relatively new player in the market. It raised $55K through the course of an Indiegogo campaign to help fund its development. The company’s website and online reviews state they are 100% safe, however it is important to note that the hardware wallets of competing firms like TREZOR and Ledger are made in a way that no one outside can access your private keys. For example, even if you connect your TREZOR on a compromised device which is infected by viruses your private keys will remain safe and secure.
The Ellipal wallet is unique in its design, it is completely disconnected from any computer or network that is, it doesn’t have wireless or wired connectivity. Instead, it transmits QR codes via a camera on the rear of the. This makes it an extremely secure option as it eliminates the possibility of a hacker gaining gain access to private information through an internet connection. However, it’s worth noting that this also means that the Ellipal wallet isn’t as user-friendly as other hardware wallets that can be linked to a computer for simple transactions.
The Ellipal wallet retails for $149. It is fairly recent to market which means that it’s not combat-tested to date. This is something prospective buyers should take into consideration when purchasing this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR as well as Ledger) have been in business for longer and have proven track record of security.
In terms of support for coin In terms of support for coins, the Ellipal wallet is currently able to support the following coins: a few, including Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is fewer than the amount of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some users. The company is working to add support for more coins in the future.
In conclusion, the Ellipal wallet is a new player in the market for hardware wallets, promising to be 100% secure because of its complete isolation from any network or computer. The company behind it is new, and the product has not been tested in battle yet. The Ellipal wallet is currently compatible with only a few coins and the price of $149 is on par with the other options. Although the idea of a totally isolated hardware wallet is intriguing however, you should consider the history and security measures of other wallets before making a decision. Ultimately, the decision of whether the Ellipal wallet is worth the price 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 to use as other wallets. It’s also an all-new product that’s available.