The world of cryptocurrency has seen a significant increase in the number of hardware wallets in recent years. Each promising to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a brand new entrant in this field and is aiming to differentiate itself from the crowd by providing a completely isolated solution. As cryptocurrency usage grows more commonplace, the need for secure the storage and protection of assets becomes increasingly important. It is the Ellipal wallet can be described as a device that stores the private key to digital assets off-line, preventing hackers from stealing the keys from a remote location.
Ellipal, the company behind the wallet’s hardware is a relatively young competitor in the market. They raised $55K in the course of an Indiegogo campaign to fund its development. The company’s website as well as online reviews claim that their hardware wallet is 100% secure, but it’s important to remember that hardware wallets of rival businesses like TREZOR as well as Ledger are also designed in a way that no one outside can see your private keys. In the event that, for instance, you connect your TREZOR with a compromised computer that has been infected with viruses Your private keys are still safe and secure.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely disconnected from any network or computer which means it does not have wireless or wired connections. Instead, it communicates through QR codes using an image camera at the back of the. This makes it a very secure option as it eliminates the possibility of hackers getting an access point to your private keys through a network connection. However, it’s worth noting that this also means that the Ellipal wallet isn’t as user-friendly as other hardware wallets that connect to a computer for easy transactions.
The Ellipal wallet retails for $149. It is relatively recent to market which means that it has not been tested in battle yet. This is something potential buyers must take into consideration when buying the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR as well as Ledger) are around for longer and have established track records of security.
In terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support the following coins: a few, including Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. It is lower than the number of coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some buyers. The company is currently working on adding the support of more coins in the future.
In the end In conclusion, Ellipal wallet is a good choice. Ellipal device is an new player on the market of hardware wallets, promising to be completely secure because of its complete inaccessibility to any computer or network. Its creators are new, and the product hasn’t been battle-tested as of yet. The Ellipal wallet is currently compatible with only a few coins and the price of $149 is on par with the other options. Although the idea of a fully separated hardware wallet sounds appealing but it’s crucial to look at the security and track record measures of other hardware wallet options before making a decision. In the end, the decision on 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 but it’s not as convenient to use as other wallets. It’s also an all-new product on the market.