The world of cryptocurrency has witnessed a significant increase in the number of hardware wallets available on the market in recent years, all promising that digital assets will be safe and secure. 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 becomes more mainstream and more commonplace, the need for secure security for digital asset storage becomes increasingly important. Ellipal wallet Ellipal wallet is a device that stores the private key to digital assets off-line to prevent hackers from taking them remotely.
Ellipal, the company behind the wallet’s hardware component, is a relatively new player in the market. The company raised $55K via the course of an Indiegogo campaign to finance the development of their product. The company’s website as well as reviews online claim they are 100% secure, but it’s important to note that the hardware wallets from rival firms like TREZOR as well as Ledger are also designed in a way that no attacker from outside is able to see your private keys. In the event that, for instance, you connect your TREZOR to a compromised system that has been infected with viruses, your private keys will remain safe and secure.
Its Ellipal wallet is unique in its design. It is completely unconnected to any computer or network that is, it doesn’t have wireless or wired connections. Instead, it communicates via QR codes via cameras on its rear of the. This makes it a highly safe option since it blocks the possibility of a hacker gaining an access point to your private keys by an internet connection. It’s important to note that this means the Ellipal wallet is not as user-friendly like other wallets on hardware that connect to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is relatively recent to market which implies that it has not been combat-tested to date. This is something that potential buyers must keep in mind when considering purchasing this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR and Ledger) were around for a longer time and have a established track records of security.
Regarding support for coins In terms of support for coins, the Ellipal wallet supports only a small number of coins, including Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. It is lower than the amount of coins supported by its competitors, TREZOR and Ledger, which may be a concern for some customers. The company is working to provide the support of more coins in the future.
In the end In conclusion, Ellipal wallet is a good choice. Ellipal wallet is a new player on the hardware wallet market and promises to be 100% secure due to its complete separation from any network or computer. The company behind it is new, and the product has not been battle-tested as of yet. The Ellipal wallet currently supports only a few coins and its price of $149 is in line with other wallets. While the idea of a fully exclusive hardware wallet is appealing but it’s crucial to look at the history and security features of other hardware wallet options before making a choice. Ultimately, the decision of whether or not the Ellipal product is worthwhile for the cost is up to the individual. It’s an extremely secure choice with a unique design however, it’s not as easy in use as the other wallets. Additionally, it’s an extremely new product that’s available.