The cryptocurrency market has seen an significant increase in the amount of hardware wallets available in recent years, all claims to keep digital assets safe and secure. Its Ellipal wallet is a new entry into the market and aims to stand out from its rivals by providing an entirely separate solution. As the use of cryptocurrency becomes more mainstream it is becoming more important to secure storage of digital assets becomes increasingly important. Ellipal wallet Ellipal wallet is a gadget that keeps the private key to digital assets indefinitely and prevents hackers from taking the keys remotely.
Ellipal the company that developed the wallet’s hardware is a relatively young competitor in the market. The company raised $55K via an Indiegogo campaign to help fund its development. The website of the company and its reviews online claim that their hardware wallet is completely safe, however it is important to remember that hardware wallets from rival firms like TREZOR and Ledger are also designed in a way that no outside attacker can view your private key. For example, even if you connect your TREZOR on a compromised system which is infected by viruses, your private keys are still safe and secure.
Its Ellipal wallet is unique in its design. It is completely disconnected from any computer or network which means it does not have wired or wireless connectivity. Instead, it communicates via QR codes through a camera on the rear of the. This makes it an extremely secure option as it eliminates the possibility of a hacker getting gain access to private information through a network connection. However, it’s worth noting that this also means that the Ellipal wallet is not as 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, meaning that it has not been tested in battle yet. This is something potential buyers should take into consideration when buying this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR as well as Ledger) are in business for longer and have an established track record of security.
In terms of coin support In terms of support for coins, the Ellipal wallet currently supports a limited number of coins which include Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is less than the number of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some customers. 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 brand new competitor in the hardware wallet market that claims that it is 100% safe due to its total separation from any computer or network. The company behind it is new and the product hasn’t been tested in battle yet. The Ellipal wallet currently supports the use of a small number of coins and its price of $149 is on par with the other options. Although the idea of a totally separated hardware wallet sounds appealing, it’s important to consider the track record and security features of other hardware wallet options before making a decision. In the end, the decision on whether the Ellipal product is worthwhile for the price is entirely up to the user. It’s a very secure option with a unique design however, it’s not as easy to use as other wallets, and it’s an all-new product that’s available.