The cryptocurrency market has seen a significant increase in the amount of wallets that are hardware in recent years. Each promising to keep digital assets secure and safe. 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 grows more commonplace it is becoming more important to secure security for digital asset storage becomes increasingly essential. It is the Ellipal digital wallet device that stores the private key to digital assets indefinitely to prevent hackers from taking them from a remote location.
Ellipal, the company behind the wallet’s hardware, is a relatively new company on the market. The company raised $55K via an Indiegogo campaign to fund research and development for their products. The company’s website as well as online reviews claim the hardware wallet as completely safe, however it is important to note that the hardware wallets of rival firms such as TREZOR and Ledger are made in a way that no attacker from outside is able to view your private key. In the event that, for instance, it is possible to connect your TREZOR with a compromised device which is infected by viruses Your private keys are still safe and secure.
The Ellipal wallet is distinctive in its design. It is completely disconnected from any computer or network, meaning it has no wireless or wired connections. Instead, it communicates through QR codes using an image camera at the rear of the. This makes it a very secure choice as it removes the possibility of hackers getting gain access to private information through a network connection. However, it’s important to remember that this also means that the Ellipal wallet isn’t as user-friendly as other hardware wallets that connect to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is relatively recent to market meaning that it’s not combat-tested to date. This is something that potential buyers must take into consideration when purchasing this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers of today (TREZOR and Ledger) were around for a longer time and have a an established track record of security.
Regarding support for coins In terms of support for coins, the Ellipal wallet supports only a small number of coins which include Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is less than the coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some customers. However, the company is working to add support for more coins in the future.
In the end it is clear that Ellipal wallet is a good choice. Ellipal wallet is a new player in the hardware wallet market, promising to be 100% safe due to its total inaccessibility to any computer or network. Ellipal is a company that’s relatively new and the product hasn’t been battle-tested yet. The Ellipal wallet currently supports a limited number of coins, and its price tag of $149 is on par with other wallets. Although the idea of a completely exclusive hardware wallet is appealing however, you should consider the history and security features of other hardware wallet options before making a choice. Ultimately, the decision of whether or not the Ellipal wallet is worth the cost is up to the person who buys it. It’s a very secure option with an innovative design, but it’s not as convenient in use as the other wallets, and it’s a relatively new product on the market.