The world of cryptocurrency has witnessed a significant increase in the amount of wallets that are hardware in recent years, all promises that digital assets will be secure and safe. Ellipal is one of them. Ellipal wallet is a brand new entrant in this field and hopes to differentiate from its competitors by offering an unrivalled solution. As cryptocurrency usage becomes more mainstream and more commonplace, the need for secure security for digital asset storage becomes increasingly crucial. Ellipal wallet Ellipal digital wallet tool that stores the private key to digital assets indefinitely to prevent hackers from taking the keys remotely.
Ellipal the company that developed the wallet’s hardware component is a relatively new player in the market. The company raised $55K via the course of an Indiegogo campaign to fund the development of their product. The company’s website and reviews online claim the hardware wallet as 100% secure, but it’s important to remember that hardware wallets from rival businesses like TREZOR as well as Ledger are also designed in a way that no outside attacker can see your private keys. For example, even if it is possible to connect your TREZOR on a compromised computer that has been infected with viruses your private keys will remain secure and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely disconnected from any computer or network, meaning it has no wireless or wired connections. Instead, it communicates through QR codes using cameras on its back of the. This makes it a highly secure option as it eliminates the possibility of hackers gaining an access point to your private keys through a network connection. However, it’s worth noting that this means the Ellipal wallet is not as user-friendly like other wallets on hardware that connect to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is fairly new to the market, meaning that it isn’t tested in battle yet. This is something prospective buyers need to keep in mind when considering purchasing this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers of today (TREZOR and Ledger) have been in business for longer and have a proven track record of security.
Regarding support for coins in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet supports a limited number of coins, including Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is fewer than the amount of coins supported by its competitors, TREZOR and Ledger, which might be a worry for some buyers. However, the company is working to provide the support of more coins in the near future.
In the end, it is clear that the Ellipal device is an brand new player on the market for hardware wallets, promising to be 100% safe due to its total separation from any computer or network. Its creators are new and the product hasn’t been battle-tested yet. The Ellipal wallet currently supports the use of a small number of coins, and its price tag of $149 is on par with its competitors. While the idea of a completely isolated hardware wallet is intriguing however, you should consider the history and security measures of other hardware wallets before making a decision. Ultimately, the decision of whether or not the Ellipal product is worthwhile for the cost is up to the person who buys it. It’s an extremely secure choice that has a modern design but it’s not as convenient for use like other wallets. Additionally, it’s an all-new product on the market.