The cryptocurrency market has seen an significant increase in the number of hardware wallets available on the market in recent years, each promising to keep digital assets secure and safe. The Ellipal wallet is a new entrant in this field and is aiming to differentiate itself from the crowd by providing an entirely separate solution. As the use of cryptocurrency becomes more mainstream it is becoming more important to safe the storage and protection of assets becomes increasingly important. The Ellipal wallet is a gadget which keeps the private keys to digital assets off-line and prevents hackers from taking the keys from a remote location.
Ellipal, the company behind the hardware wallet, is a relatively new player in the market. The company raised $55K via the course of an Indiegogo campaign to finance its development. The company’s website as well as reviews online claim they are 100% secure, however, it’s important to remember that hardware wallets of competing businesses such as TREZOR as well as Ledger are made in a way that no outside attacker can view your private key. In the event that, for instance, the TREZOR is connected TREZOR to a compromised system which is infected by viruses, your private keys are still safe and secure.
Ellipal is a unique wallet. Ellipal wallet is unique in its design. It is completely unconnected to any network or computer, meaning it has no wired or wireless connectivity. Instead, it transmits QR codes via an image camera at the back of the. This makes it a highly secure option as it eliminates the possibility of hackers gaining access to the private key by a network connection. However, it’s important to remember that this means the Ellipal wallet is not so user-friendly as other hardware wallets, which can be connected to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is relatively recent to market which means that it has not been battle-tested yet. This is something prospective buyers should take into consideration when buying the Ellipal wallet. Comparatively, both of the leading hardware wallet makers today (TREZOR and Ledger) are in business for longer and have proven track record of security.
Regarding support for coins in terms of coin support, the Ellipal wallet supports the following coins: a few which include Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is fewer than the coins supported by its competitors, TREZOR and Ledger, which could be a problem for some customers. The company is currently working on adding more support for coins in the near future.
In conclusion, Ellipal wallet is a good choice. Ellipal wallet has been a fresh competitor in the hardware wallet market and promises to be completely safe due to its total inaccessibility to any computer or network. Its creators are relatively new, and the product has not been battle-tested yet. The Ellipal wallet supports only a few coins and the price at $149 is comparable with its competitors. Although the concept of a completely isolated hardware wallet is intriguing however, you should consider the security and track record features of other hardware wallets prior to making a choice. Ultimately, the decision of whether the Ellipal device is well worth the cost is entirely up to the user. It’s a very secure option with an innovative design, however, it’s not as easy in use as the other hardware wallets. Additionally, it’s an all-new product available on the market.