The cryptocurrency market has witnessed an significant rise in the number of hardware wallets available in recent years, all claims that digital assets will be safe and secure. Ellipal is one of them. Ellipal wallet is a new entry into the market and hopes to differentiate from its rivals by providing a completely isolated solution. As cryptocurrency usage is becoming more widespread it is becoming more important to safe the storage and protection of assets becomes increasingly essential. The Ellipal wallet can be described as a tool that stores the private key to digital assets indefinitely, preventing hackers from stealing them from a remote location.
Ellipal the company that developed the wallet’s hardware, is a relatively new player in the market. The company raised $55K via an Indiegogo campaign to help fund the development of their product. The company’s website as well as online reviews claim that their hardware wallet is 100% secure, but it’s important to keep in mind that hardware wallets from rival firms such as TREZOR and Ledger are made in a way that no one outside can see your private keys. For example, even if it is possible to connect your TREZOR on a compromised device that has been infected with viruses your private keys remain safe and secure.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design. It is completely unconnected to any network or computer that is, it doesn’t have wireless or wired connectivity. Instead, it communicates via QR codes using cameras on its rear end. This makes it a highly safe option since it blocks the possibility of hackers getting gain access to private information via the network. However, it’s worth noting that this could mean that the Ellipal wallet isn’t as user-friendly as other hardware wallets that can be linked to a computer for easy transactions.
The Ellipal wallet costs $149 and is relatively new to the market, meaning that it has not been tested in battle yet. This is something potential buyers need to keep in mind when considering purchasing the Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR and Ledger) have been on the market for longer and have a an established track record of security.
In terms of coin support In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support only a small number of coins which include Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. It is lower than the number of coins supported by its competitors, TREZOR and Ledger, which might be a worry for some customers. However, the company is working to provide support for more coins in the future.
In conclusion, the Ellipal device is an new player in the market for hardware wallets that claims that it is 100% secure due to its complete isolation from any network or computer. Ellipal is a company that’s relatively new and the product has not been tested in battle yet. The Ellipal wallet currently supports the use of a small number of coins, and its price tag of $149 is in line with other wallets. Although the idea of a totally exclusive hardware wallet is appealing but it’s crucial to look at the history and security features of other hardware wallets before making a decision. Ultimately, the decision of whether the Ellipal wallet is worth the price is entirely up to the user. It’s a safe option with an innovative design, however, it’s not as user-friendly to use as other hardware wallets, and it’s a relatively new product available on the market.