The cryptocurrency market has witnessed a significant increase in the amount of wallets that are hardware on the market in recent years, all promising that digital assets will be safe and secure. The Ellipal wallet is a brand new entry into the market and aims to stand out from its rivals by providing a completely isolated solution. As cryptocurrency usage is becoming more widespread, the need for safe security for digital asset storage becomes increasingly essential. Ellipal wallet Ellipal wallet is a gadget that stores the private key to digital assets indefinitely to prevent hackers from taking them from a remote location.
Ellipal the company that developed the wallet’s hardware component is a relatively young player in the market. The company raised $55K via an Indiegogo campaign to fund research and development for their products. The website of the company and its online reviews state the hardware wallet as completely safe, however it is important to keep in mind that hardware wallets of rival companies such as TREZOR as well as Ledger are constructed in a manner that no one outside can see your private keys. For instance, even if the TREZOR is connected TREZOR to a compromised computer which is infected by viruses Your private keys will remain safe and secure.
Its Ellipal wallet is unique in its design, it is completely unconnected to any computer or network that is, it doesn’t have wireless or wired connectivity. Instead, it communicates via QR codes via cameras on its rear end. This makes it an extremely secure choice as it removes the possibility of hackers getting an access point to your private keys through an internet connection. It’s important to note that this means the Ellipal wallet is not so user-friendly like other wallets on hardware that connect to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is relatively recent to market which implies that it’s not battle-tested yet. This is something prospective buyers need to keep in mind when considering purchasing Ellipal. Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers of today (TREZOR as well as Ledger) are on the market for longer and have a established track records of security.
Regarding support for coins In terms of support for coins, the Ellipal wallet is currently able to support the following coins: a few that are supported, such as Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. It is lower than the number of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some customers. However, the company is working to provide the support of more coins in the near future.
In conclusion In conclusion, Ellipal wallet is a good choice. Ellipal device is an fresh player in the hardware wallet market that claims to be 100% secure because of its complete inaccessibility to any computer or network. The company behind it is new, and the product has not been tested in battle yet. The Ellipal wallet currently supports only a few coins and its price of $149 is in line with its competitors. While the idea of a totally separated hardware wallet sounds appealing however, you should consider the history and security measures of other hardware wallet options before making a decision. Ultimately, the decision of whether or not the Ellipal product is worthwhile for the price is up to the individual. It’s a safe option with an innovative design, however, it’s not as user-friendly in use as the other wallets, and it’s an extremely new product on the market.