The world of cryptocurrency has witnessed an significant rise in the number of hardware wallets available on the market in recent years, all promising to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a brand new entrant in this field 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 the storage and protection of assets becomes more essential. The Ellipal digital wallet tool that keeps the private key to digital assets offline, preventing hackers from stealing the keys from a remote location.
Ellipal the company that developed the wallet’s hardware is a relatively young competitor in the market. They raised $55K in an Indiegogo campaign to finance its development. The company’s website as well as online reviews state the hardware wallet as 100% secure, however, it’s important to keep in mind that hardware wallets from rival businesses such as TREZOR and 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, the TREZOR is connected TREZOR on a compromised system which is infected by viruses Your private keys will remain safe and secure.
The Ellipal wallet is unique in its design, it is completely isolated from any network or computer that is, it doesn’t have wireless or wired connectivity. Instead, it communicates via QR codes using cameras on its rear end. This makes it a very safe option since it blocks the possibility of hackers getting gain access to private information by a network connection. However, it’s important to remember that this also means that the Ellipal wallet isn’t as user-friendly like other wallets on hardware that can be linked to a computer for simple transactions.
The Ellipal wallet costs $149 and is fairly new to the market, which means that it isn’t tested in battle yet. This is something prospective buyers need to keep in mind when considering purchasing this Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR and Ledger) have been on the market for a longer time and have a proven track record of security.
Regarding support for coins In terms of support for coins, the Ellipal wallet supports only a small number of coins that are supported, such as 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 users. But, the company is working to add more support for coins in the near future.
In the end In conclusion, Ellipal wallet is a good choice. Ellipal device is an brand new competitor in the market for hardware wallets that claims to be completely secure because of its complete isolation from any computer or network. The company behind it is new and the product has not been tested in battle yet. The Ellipal wallet currently supports a limited number of coins, and its price tag at $149 is comparable with the other options. While the idea of a completely exclusive hardware wallet is appealing but it’s crucial to look at the track record and security features of other hardware wallet options before making a decision. Ultimately, the decision of whether the Ellipal device is well worth the price is up to the person who buys it. It’s an extremely secure choice with an innovative design, however, it’s not as user-friendly for use like other wallets. Additionally, it’s an all-new product on the market.