The world of cryptocurrency has witnessed an significant increase in the number of wallets that are hardware on the market in recent years, all promising to keep digital assets safe and secure. The Ellipal wallet is a new entry into the market and hopes to differentiate from its rivals by providing an unrivalled solution. As the use of cryptocurrency grows more commonplace, the need for safe security for digital asset storage is becoming increasingly crucial. It is the Ellipal digital wallet gadget that keeps the private key to digital assets off-line to prevent hackers from taking their assets from a remote location.
Ellipal the company that developed the wallet’s hardware component is a relatively young player in the market. They raised $55K in the course of an Indiegogo campaign to finance its development. The company’s website and reviews online claim they are completely secure, but it’s important to keep in mind that hardware wallets of competing companies such as TREZOR and Ledger are constructed in a manner that no one outside can see your private keys. For instance, even if it is possible to connect your TREZOR with a compromised device which is infected by viruses, your private keys are still safe and secure.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely disconnected from any network or computer which means it does not have wired or wireless connectivity. Instead, it communicates via QR codes via cameras on its back of the. This makes it an extremely safe option since it blocks the possibility of a hacker gaining gain access to private information through a network connection. However, it’s important to remember that this means the Ellipal wallet is not so user-friendly like other wallets on hardware, which can be connected to a computer for easy transactions.
The Ellipal wallet retails for $149. It is relatively recent to market which means that it’s not combat-tested to date. This is something that potential buyers need to be aware of when buying this Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR as well as Ledger) were on the market for longer and have a proven track record of security.
In terms of support for coin, the Ellipal wallet is currently able to support only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin and 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 users. However, the company is working to provide the support of more coins in the near future.
In conclusion it is clear that Ellipal wallet is a good choice. Ellipal wallet has been a fresh competitor in the hardware wallet market that claims that it is 100% secure because of its complete separation from any network or computer. Ellipal is a company that’s new and the product has not been battle-tested as of yet. The Ellipal wallet supports only a few coins, and its price tag at $149 is comparable with its competitors. Although the concept of a completely exclusive hardware wallet is appealing however, you should consider the security and track record measures of other wallet options before making a decision. Ultimately, the decision of whether or not the Ellipal wallet is worth the cost is up to the person who buys it. It’s an extremely secure choice that has a modern design however, it’s not as easy to use as other wallets. It’s also an extremely new product that’s available.