The world of cryptocurrency has witnessed a significant increase in the number of hardware wallets in recent years, each promising that digital assets will be secure and safe. The Ellipal wallet is a brand new entry into the market and hopes to differentiate from the crowd by providing an unrivalled solution. As the use of cryptocurrency becomes more mainstream it is becoming more important to secure storage of digital assets is becoming increasingly important. It is the Ellipal wallet is a tool that keeps the private key to digital assets indefinitely, preventing hackers from stealing them from a remote location.
Ellipal, the company behind the hardware wallet, is a relatively new player in the market. The company raised $55K via the course of an Indiegogo campaign to help fund research and development for their products. The company’s website as well as reviews online claim the hardware wallet as 100% safe, however it is important to keep in mind that hardware wallets of rival firms like TREZOR and Ledger are also designed in a way that no one outside can access your private keys. For example, even if it is possible to connect your TREZOR to a compromised system which is infected by viruses Your private keys will remain protected and safe.
Its Ellipal wallet is distinctive in its design, it is completely isolated from any network or computer, meaning it has no wireless or wired connectivity. Instead, it communicates via QR codes through a camera on the back of the. This makes it an extremely safe option since it blocks the possibility of hackers getting an access point to your private keys through the network. However, it’s worth noting that this could mean that the Ellipal wallet is not so user-friendly as other hardware wallets that can be linked to a computer to facilitate transactions.
The Ellipal wallet costs $149 and is fairly new to the market, meaning that it isn’t tested in battle yet. This is something that potential buyers need to take into consideration when buying this Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR as well as Ledger) are around for longer and have a an established track record of security.
Regarding support for coins, the Ellipal wallet currently supports the following coins: a few, including Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is fewer than the amount of coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some customers. However, the company is currently working on adding the support of more coins in the near future.
In the end, Ellipal wallet is a good choice. Ellipal device is an fresh player in the market of hardware wallets that claims to be completely safe due to its total separation from any computer or network. The company behind it is relatively new and the product hasn’t been battle-tested as of yet. The Ellipal wallet supports the use of a small number of coins and the price of $149 is in line with the other options. Although the idea of a totally isolated hardware wallet is intriguing however, you should consider the track record and security features of other hardware wallets before making a decision. In the end, the decision on whether the Ellipal device is well worth the price is entirely up to the user. It’s an extremely secure choice that has a modern design however, it’s not as user-friendly in use as the other wallets, and it’s an all-new product on the market.