The world of cryptocurrency has witnessed a significant increase in the number of wallets that are hardware on the market in recent years, all promises to keep digital assets secure and safe. The Ellipal wallet is a new entrant in this field and hopes to differentiate from the crowd by providing an unrivalled solution. As cryptocurrency usage is becoming more widespread it is becoming more important to safe security for digital asset storage is becoming increasingly crucial. It is the Ellipal digital wallet gadget which keeps the private keys to digital assets offline and prevents hackers from taking the keys remotely.
Ellipal the company that developed the hardware wallet, is a relatively new company on the market. They raised $55K in the course of an Indiegogo campaign to fund research and development for their products. The company’s website and reviews online claim the hardware wallet as completely safe, however it is important to remember that hardware wallets from rival companies such as TREZOR as well as Ledger are made in a way that no outside attacker can access your private keys. For example, even if you connect your TREZOR with a compromised device that is infected with viruses your private keys are still secure and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely disconnected from any computer or network which means it does not have wireless or wired connectivity. Instead, it communicates via QR codes using an image camera at the rear end. This makes it an extremely safe option since it blocks the possibility of a hacker getting gain access to private information via a network connection. However, it’s worth noting that this could mean that the Ellipal wallet isn’t so user-friendly as other hardware wallets that connect to a computer for simple transactions.
The Ellipal wallet costs $149 and is relatively recent to market meaning that it’s not battle-tested yet. This is something that potential buyers must be aware of when purchasing this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR as well as Ledger) are around for a longer time and have a established track records of security.
Regarding support for coins, the Ellipal wallet supports the following coins: a few which include Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. It is lower than the coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some buyers. But, the company is working to provide more support for coins in the near future.
In the end it is clear that Ellipal wallet is a good choice. Ellipal wallet is a new competitor in the market of hardware wallets, promising to be 100% safe due to its total inaccessibility to any network or computer. Its creators are new, and the product has not been battle-tested as of yet. The Ellipal wallet is currently compatible with a limited number of coins and the price of $149 is on par with other wallets. Although the idea of a completely separated hardware wallet sounds appealing, it’s important to consider the history and security features of other hardware wallet options before making a decision. Ultimately, the decision of whether the Ellipal product is worthwhile for the price is entirely up to the user. It’s a safe option that has a modern design however, it’s not as user-friendly for use like other hardware wallets. Additionally, it’s an all-new product that’s available.