The cryptocurrency market has seen a significant rise in the number of hardware wallets on the market in recent years. Each promising that digital assets will be secure and safe. Ellipal is one of them. Ellipal wallet is a new entry into the market and hopes to differentiate from the crowd by providing an unrivalled solution. As the use of cryptocurrency is becoming more widespread and more commonplace, the need for safe security for digital asset storage becomes increasingly important. It is the Ellipal wallet is a gadget that stores the private key to digital assets offline, preventing hackers from stealing the keys from a remote location.
Ellipal, the company behind the hardware wallet is a relatively young player in the market. They raised $55K in the course of an Indiegogo campaign to fund its development. The company’s website as well as reviews online claim the hardware wallet as 100% safe, however it is important to note that the hardware wallets from rival companies such as TREZOR and Ledger are also designed in a way that no one outside can access your private keys. In the event that, for instance, it is possible to connect your TREZOR with a compromised system that is infected with viruses, your private keys will remain protected and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely disconnected from any computer or network, meaning it has no wireless or wired connections. Instead, it communicates via QR codes via a camera on the back of the. This makes it an extremely secure choice as it removes the possibility of a hacker having an access point to your private keys via a network connection. However, it’s important to remember that this also means that the Ellipal wallet is not as user-friendly as other hardware wallets that can be linked to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is fairly recent to market which implies that it isn’t battle-tested yet. This is something that potential buyers should take into consideration when buying this Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR as well as Ledger) were in business for longer and have a established track records of security.
In terms of coin support in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is less than the number of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some users. However, the company is working to add support for more coins in the future.
In conclusion, Ellipal wallet is a good choice. Ellipal wallet has been a new competitor in the hardware wallet market that claims to be completely secure due to its complete separation from any computer or network. Ellipal is a company that’s relatively new, and the product hasn’t been battle-tested yet. The Ellipal wallet is currently compatible with the use of a small number of coins, and its price tag of $149 is in line with its competitors. Although the idea of a fully separated hardware wallet sounds appealing but it’s crucial to look at the track record and security measures of other hardware wallet options before making a choice. The final decision about whether or not the Ellipal device is well worth the cost is up to the individual. It’s a very secure option that has a modern design however, it’s not as user-friendly in use as the other hardware wallets. It’s also an extremely new product on the market.