The world of cryptocurrency has seen an significant increase in the amount of hardware wallets available in recent years, all claims that digital assets will be secure and safe. Its Ellipal wallet is a new competitor in the field, and aims to stand out from its competitors by offering an unrivalled solution. As the use of cryptocurrency becomes more mainstream and more commonplace, the need for safe security for digital asset storage is becoming increasingly important. Ellipal wallet Ellipal wallet can be described as a tool that stores the private key to digital assets offline to prevent hackers from taking them from a remote location.
Ellipal, the company behind the wallet’s hardware component, is a relatively new player in the market. It raised $55K through the course of an Indiegogo campaign to help fund the development of their product. The company’s website as well as reviews online claim the hardware wallet as 100% secure, but it’s important to remember that hardware wallets of rival firms like TREZOR as well as 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 to a compromised device that is infected with viruses, your private keys will remain safe and secure.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely disconnected from any network or computer, meaning it has no wireless or wired connectivity. Instead, it transmits QR codes through cameras on its rear of the. This makes it a very secure option as it eliminates the possibility of a hacker having gain access to private information through an internet connection. However, it’s worth noting that this also means that the Ellipal wallet isn’t so user-friendly like other wallets on hardware that can be linked to a computer for easy transactions.
The Ellipal wallet costs $149 and is relatively new to the market, which implies that it’s not tested in battle yet. This is something potential buyers must be aware of when buying the Ellipal wallet. Comparatively, both of the leading hardware wallet makers today (TREZOR as well as Ledger) are around for longer and have an established track record of security.
Regarding support for coins In terms of support for coins, the Ellipal wallet is currently able to support the following coins: a few which include Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is fewer than the coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some users. But, the company is currently working on adding more support for coins in the near future.
In the end In conclusion, the Ellipal wallet has been a brand new player on the market for hardware wallets that claims that it is 100% safe due to its total isolation from any network or computer. The company behind it is new, and the product has not been battle-tested yet. The Ellipal wallet supports a limited number of coins, and its price tag of $149 is on par with the other options. Although the idea of a totally separated hardware wallet sounds appealing however, you should consider the history and security measures of other hardware wallet options before making a choice. Ultimately, the decision of whether or not the Ellipal wallet is worth the price is up to the person who buys it. It’s a safe option with a unique design but it’s not as convenient to use as other wallets. It’s also an extremely new product that’s available.