The cryptocurrency market has witnessed an significant increase in the amount of hardware wallets in recent years, all promising that digital assets will be safe and secure. Ellipal is one of them. Ellipal wallet is the latest competitor in the field, and aims to stand out from the crowd by providing an unrivalled solution. As the use of cryptocurrency is becoming more widespread and more commonplace, the need for safe storage of digital assets becomes more essential. It is the Ellipal digital wallet gadget which keeps the private keys to digital assets offline, preventing hackers from stealing the keys remotely.
Ellipal the company that developed the wallet’s hardware is a relatively young player in the market. They raised $55K in the course of an Indiegogo campaign to help fund the development of their product. The website of the company and its online reviews state the hardware wallet as completely secure, however, it’s important to note that the hardware wallets of competing companies like TREZOR and Ledger are constructed in a manner that no outside attacker can access your private keys. For example, even if it is possible to connect your TREZOR on a compromised system that has been infected with viruses, your private keys are still safe and secure.
Its Ellipal wallet is distinctive in its design, it is completely isolated from any computer or network, meaning it has no wireless or wired connections. Instead, it communicates through QR codes via cameras on its rear of the. This makes it a highly secure choice as it removes the possibility of a hacker gaining an access point to your private keys via the network. It’s important to note that this could mean that the Ellipal wallet isn’t so user-friendly as other wallets that are hardware-based that connect to a computer for easy transactions.
The Ellipal wallet retails for $149. It is relatively new to the market, which means that it has not been battle-tested yet. This is something that potential buyers must be aware of when purchasing the Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR and Ledger) have been on the market for longer and have an established track record of security.
In terms of support for coin, the Ellipal wallet is currently able to support the following coins: a few which include Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is less than the number of coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some buyers. But, the company is working to provide the support of more coins in the future.
In conclusion, Ellipal wallet is a good choice. Ellipal wallet has been a fresh competitor in the market for hardware wallets that claims that it is 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 tested in battle yet. The Ellipal wallet currently supports a limited number of coins and its price of $149 is in line with the other options. While the idea of a fully separated hardware wallet sounds appealing however, you should consider the history and security measures of other hardware wallets before making a decision. In the end, the decision on whether the Ellipal wallet is worth the price is up to the person who buys it. It’s a safe option with a unique design however, it’s not as user-friendly in use as the other hardware wallets, and it’s a relatively new product available on the market.