The world of cryptocurrency has witnessed an significant increase in the number of hardware wallets available in recent years, all promising to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a new entrant in this field and hopes to differentiate from the crowd by providing an unrivalled solution. As cryptocurrency usage grows more commonplace, the need for safe security for digital asset storage is becoming increasingly crucial. The Ellipal wallet can be described as a tool that keeps the private key to digital assets off-line to prevent hackers from taking their assets from a remote location.
Ellipal, the company behind the wallet’s hardware is a relatively new player in the market. It raised $55K through an Indiegogo campaign to help fund the development of their product. The website of the company and its online reviews claim that their hardware wallet is 100% safe, however it is important to remember that hardware wallets of competing firms such as TREZOR and Ledger are constructed in a manner that no outside attacker can access your private keys. For instance, even if the TREZOR is connected TREZOR with a compromised system that is infected with viruses, your private keys are still secure and safe.
The 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 transmits QR codes via cameras on its back of the. This makes it an extremely safe option since it blocks the possibility of hackers gaining access to the private key via an internet connection. However, it’s worth noting that this means the Ellipal wallet isn’t as convenient to use as other hardware wallets, which can be connected to a computer for easy transactions.
The Ellipal wallet costs $149 and is relatively new to the market, meaning that it’s not combat-tested to date. This is something prospective buyers need to keep in mind when considering purchasing the Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR and Ledger) are around for longer and have a an established track record of security.
In terms of coin support In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet supports a limited number of coins which include Bitcoin, Ethereum, Litecoin and ERC20 tokens. It is lower than the number of coins supported by its competitors, TREZOR and Ledger, which may be a concern for some buyers. But, the company is currently working on adding support for more coins in the near future.
In conclusion, Ellipal wallet is a good choice. Ellipal wallet has been a brand new player on the market for hardware wallets and promises to be completely secure due to its complete separation from any network or computer. Its creators are new, and the product has not been battle-tested yet. The Ellipal wallet currently supports a limited number of coins and the price at $149 is comparable with other wallets. Although the idea of a fully isolated hardware wallet is intriguing however, you should consider the track record and security measures of other hardware wallets before making a decision. Ultimately, the decision of whether the Ellipal product is worthwhile for 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 user-friendly to use as other wallets, and it’s a relatively new product available on the market.