The world of cryptocurrency has witnessed an significant increase in the amount of hardware wallets on the market in recent years. Each promising to keep digital assets safe and secure. The Ellipal wallet is a brand new competitor in the field, and aims to stand out from its rivals by providing an unrivalled solution. As the use of cryptocurrency becomes more mainstream, the need for secure storage of digital assets becomes more essential. It is the Ellipal wallet is a tool that stores the private key to digital assets indefinitely and prevents hackers from taking their assets remotely.
Ellipal the company that developed the hardware wallet is a relatively new competitor in the market. They raised $55K in the course of an Indiegogo campaign to help fund the development of their product. The company’s website as well as online reviews state the hardware wallet as 100% secure, however, it’s important to remember that hardware wallets of rival businesses like TREZOR and Ledger are made in a way that no one outside can access your private keys. In the event that, for instance, it is possible to connect your TREZOR with a compromised device that has been infected with viruses your private keys will remain protected and safe.
Its Ellipal wallet is unique in its design. It is completely isolated from any computer or network that is, it doesn’t have wireless or wired connectivity. Instead, it communicates through QR codes through a camera on the rear end. This makes it a highly secure choice as it removes the possibility of a hacker gaining gain access to private information through an internet connection. However, it’s important to remember that this could mean that the Ellipal wallet is not as convenient to use like other wallets on hardware, which can be connected to a computer to facilitate transactions.
The Ellipal wallet costs $149 and is fairly new to the market, which implies that it isn’t tested in battle yet. This is something that potential buyers need to keep in mind when considering buying the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR and Ledger) are on the market for longer and have a established track records of security.
Regarding support for coins In terms of support for coins, the Ellipal wallet currently supports a limited number of coins, including Bitcoin, Ethereum, Litecoin along with 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 customers. But, the company is working to provide the support of more coins in the future.
In conclusion it is clear that Ellipal wallet is a good choice. Ellipal wallet has been a brand new player in the hardware wallet market and promises to be completely secure due to its complete inaccessibility to any network or computer. Ellipal is a company that’s relatively new and the product has not been battle-tested yet. The Ellipal wallet supports the use of a small number of coins and its price of $149 is in line with other wallets. While the idea of a totally exclusive hardware wallet is appealing, it’s important to consider the history and security measures of other wallets before making a decision. Ultimately, the decision of whether the Ellipal device is well worth the cost is up to the person who buys it. It’s a safe option with an innovative design, however, it’s not as user-friendly in use as the other wallets. Additionally, it’s a relatively new product available on the market.