The cryptocurrency market has witnessed a significant rise in the number of wallets that are hardware in recent years, all promising that digital assets will be safe and secure. Ellipal is one of them. Ellipal wallet is the latest entry into the market and is aiming to differentiate itself from the crowd by providing a completely isolated solution. As cryptocurrency usage is becoming more widespread and more commonplace, the need for secure the storage and protection of assets becomes more important. The Ellipal wallet is a gadget which keeps the private keys to digital assets off-line and prevents hackers from taking their assets remotely.
Ellipal the company that developed the wallet’s hardware is a relatively young competitor in the market. It raised $55K through an Indiegogo campaign to fund research and development for their products. The company’s website as well as online reviews claim that their hardware wallet is completely safe, however it is important to remember that hardware wallets of rival companies such as TREZOR as well as Ledger are made in a way that no attacker from outside is able to see your private keys. For example, even if it is possible to connect your TREZOR with a compromised system that has been infected with viruses, your private keys will remain secure and safe.
The Ellipal wallet is distinctive in its design, it is completely isolated from any computer or network, meaning it has no wired or wireless connectivity. Instead, it communicates via QR codes using a camera on the back of the. This makes it a highly secure option as it eliminates the possibility of hackers having gain access to private information via a network connection. However, it’s worth noting that this means the Ellipal wallet isn’t so user-friendly like other wallets on hardware, which can be connected to a computer for easy transactions.
The Ellipal wallet costs $149 and is relatively brand new in the marketplace, which implies that it isn’t tested in battle yet. This is something potential buyers should take into consideration when purchasing this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR and Ledger) have been on the market for longer and have an established track record of security.
In terms of support for coin In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports the following coins: a few that are supported, such as Bitcoin, Ethereum, Litecoin, as well as 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. But, the company is working to add the support of more coins in the future.
In conclusion, Ellipal wallet is a good choice. Ellipal device is an new player in the market of hardware wallets that claims that it is 100% safe due to its total inaccessibility to any computer or network. The company behind it is relatively new, and the product hasn’t been tested in battle yet. The Ellipal wallet supports only a few coins and its price of $149 is on par with other wallets. Although the concept of a fully exclusive hardware wallet is appealing but it’s crucial to look at the track record and security measures of other hardware wallet options before making a choice. Ultimately, the decision of whether or not the Ellipal device is well worth the price is up to the individual. It’s a safe option with a unique design however, it’s not as user-friendly in use as the other wallets, and it’s an extremely new product that’s available.