The world of cryptocurrency has witnessed an significant increase in the number of hardware wallets available on the market in recent years. Each claims to keep digital assets safe and secure. Its Ellipal wallet is the latest entrant in this field and is aiming to differentiate itself from its rivals by providing a completely isolated solution. As the use of cryptocurrency is becoming more widespread it is becoming more important to secure storage of digital assets becomes more important. It is the Ellipal wallet is a gadget that keeps the private key to digital assets off-line, preventing hackers from stealing them remotely.
Ellipal, the company behind the wallet’s hardware component is a relatively young player in the market. The company raised $55K via an Indiegogo campaign to help fund research and development for their products. The website of the company and its online reviews claim the hardware wallet as 100% safe, however it is important to note that the hardware wallets of rival companies such as TREZOR and Ledger are made in a way that no one outside can access your private keys. For example, even if it is possible to connect your TREZOR to a compromised computer that is infected with viruses your private keys remain secure and safe.
The Ellipal wallet is distinctive in its design, it is completely isolated from any network or computer, meaning it has no wireless or wired connections. Instead, it communicates through QR codes using an image camera at the rear end. This makes it an extremely secure choice as it removes the possibility of hackers gaining gain access to private information through an internet connection. It’s important to note that this also means that the Ellipal wallet is not so user-friendly as other hardware wallets, which can be connected to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is relatively brand new in the marketplace, meaning that it has not been tested in battle yet. This is something that potential buyers need to be aware of when purchasing Ellipal. Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR and Ledger) were around for longer and have a proven track record of security.
In terms of coin support In terms of support for coins, the Ellipal wallet supports the following coins: a few which include Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is less than the amount of coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some buyers. The company is working to provide support for more coins in the future.
In the end it is clear that Ellipal wallet is a good choice. Ellipal device is an brand new player in the hardware wallet market, promising that it is 100% safe due to its total isolation from any network or computer. Its creators are relatively new and the product hasn’t been battle-tested yet. The Ellipal wallet supports the use of a small number of coins and its price of $149 is in line with the other options. While the idea of a totally separated hardware wallet sounds appealing however, you should consider the security and track record measures of other hardware wallet options before making a choice. The final decision about whether or not the Ellipal wallet is worth the price is entirely up to the user. It’s a safe option with a unique design however, it’s not as user-friendly for use like other wallets. Additionally, it’s a relatively new product available on the market.