The cryptocurrency market has witnessed a significant increase in the amount of hardware wallets in recent years, each claims to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a new entry into the market and aims to stand out from its competitors by offering an unrivalled solution. As the use of cryptocurrency becomes more mainstream it is becoming more important to safe the storage and protection of assets becomes more essential. The Ellipal digital wallet device which keeps the private keys to digital assets indefinitely to prevent hackers from taking them remotely.
Ellipal, the company behind the hardware wallet, is a relatively new player in the market. It raised $55K through an Indiegogo campaign to finance its development. The company’s website as well as online reviews claim the hardware wallet as 100% secure, but it’s important to note that the hardware wallets from rival firms like TREZOR as well as Ledger are made in a way that no one outside can view your private key. For example, even if you connect your TREZOR with a compromised computer that has been infected with viruses, your private keys will remain safe and secure.
Its Ellipal wallet is unique in its design, it is completely unconnected to any computer or network, meaning it has no wired or wireless connectivity. Instead, it communicates through QR codes via cameras on its back of the. This makes it an extremely secure option as it eliminates the possibility of hackers having an access point to your private keys via a network connection. However, it’s worth noting that this means the Ellipal wallet is not as convenient to use as other wallets that are hardware-based that can be linked to a computer for easy transactions.
The Ellipal wallet retails for $149. It is fairly recent to market which implies that it has not been battle-tested yet. This is something that potential buyers must keep in mind when considering purchasing Ellipal. Ellipal wallet. Comparatively, both of the leading hardware wallet makers today (TREZOR as well as Ledger) have been in business for longer and have established track records of security.
Regarding support for coins in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin along with ERC20 tokens. This is less than the amount of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some users. 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 wallet has been a brand new player in the market for hardware wallets that claims to be completely secure due to its complete separation from any computer or network. Its creators are relatively new and the product hasn’t been battle-tested as of yet. The Ellipal wallet currently supports a limited number of coins, and its price tag of $149 is in line with the other options. Although the concept of a totally exclusive hardware wallet is appealing, it’s important to consider the security and track record measures of other wallets before making a choice. Ultimately, the decision of whether or not the Ellipal product is worthwhile for the price is up to the individual. It’s a safe option with a unique design however, it’s not as user-friendly to use as other wallets. Additionally, it’s an extremely new product that’s available.