The world of cryptocurrency has seen a significant increase in the number of wallets that are hardware on the market in recent years, all claims to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a brand new competitor in the field, and is aiming to differentiate itself from the crowd by providing an unrivalled solution. As the use of cryptocurrency is becoming more widespread, the need for safe storage of digital assets becomes more essential. Ellipal wallet Ellipal digital wallet tool that keeps the private key to digital assets offline to prevent hackers from taking their assets remotely.
Ellipal the company that developed the hardware wallet is a relatively new player in the market. They raised $55K in an Indiegogo campaign to fund the development of their product. The company’s website as well as online reviews state they are completely safe, however it is important to note that the hardware wallets of rival companies such as TREZOR and Ledger are constructed in a manner that no attacker from outside is able to access your private keys. For instance, even if it is possible to connect your TREZOR on a compromised system which is infected by viruses, your private keys are still safe and secure.
The 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 connections. Instead, it communicates through QR codes via cameras on its back of the. This makes it a highly safe option since it blocks the possibility of hackers having gain access to private information through an internet connection. However, it’s worth noting that this could mean that the Ellipal wallet isn’t so user-friendly as other wallets that are hardware-based that connect to a computer for easy transactions.
The Ellipal wallet retails for $149. It is fairly new to the market, which implies that it has not been combat-tested to date. This is something potential buyers need to be aware of when purchasing this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR and Ledger) have been in business for longer and have established track records of security.
In terms of coin support In terms of support for coins, the Ellipal wallet currently supports a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is fewer than the number of coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some buyers. The company is currently working on adding more support for coins in the near future.
In conclusion, Ellipal wallet is a good choice. Ellipal wallet is a new player on the market of hardware wallets that claims to be 100% safe due to its total separation from any computer or network. Ellipal is a company that’s relatively new, and the product has not been tested in battle yet. The Ellipal wallet supports a limited number of coins and the price of $149 is on par with the other options. While the idea of a totally exclusive hardware wallet is appealing but it’s crucial to look at the security and track record measures of other wallet options before making a choice. In the end, the decision on whether the Ellipal device is well worth 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, and it’s an all-new product that’s available.