The cryptocurrency market has witnessed an significant increase in the number of hardware wallets available in recent years, all promises that digital assets will be safe and secure. The Ellipal wallet is a new entrant in this field and hopes to differentiate from its rivals 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 more essential. Ellipal wallet Ellipal wallet is a device that keeps the private key to digital assets indefinitely to prevent hackers from taking their assets remotely.
Ellipal the company that developed the wallet’s hardware, is a relatively new player in the market. They raised $55K in an Indiegogo campaign to help fund research and development for their products. The company’s website and reviews online claim the hardware wallet as completely secure, however, it’s important to note that the hardware wallets of rival companies such as TREZOR as well as Ledger are made in a way that no attacker from outside is able to view your private key. For example, even if you connect your TREZOR to a compromised system that has been infected with viruses Your private keys are still secure and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely unconnected to any network or computer that is, it doesn’t have wired or wireless connectivity. Instead, it transmits QR codes using a camera on the back of the. This makes it an extremely secure choice as it removes the possibility of hackers getting access to the private key by a network connection. It’s important to note that this also means that the Ellipal wallet is not as convenient to use as other hardware wallets that connect to a computer for easy transactions.
The Ellipal wallet costs $149 and is fairly recent to market which means that it has not been tested in battle yet. This is something that potential buyers should take into consideration when buying the Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR and Ledger) were around for longer and have a an established track record of security.
In terms of coin support In terms of support for coins, the Ellipal wallet supports a limited number of coins which include Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. It is lower than the number of coins supported by its competitors, TREZOR and Ledger, which may be a concern for some customers. However, the company is currently working on adding more support for coins in the near future.
In the end In conclusion, Ellipal wallet is a good choice. Ellipal wallet has been a brand new player in the market of hardware wallets, promising that it is 100% secure because of its complete separation from any network or computer. Its creators are new, and the product has not been tested in battle yet. The Ellipal wallet is currently compatible with the use of a small number of coins, and its price tag of $149 is on par with other wallets. Although the idea of a completely separated hardware wallet sounds appealing however, you should consider the track record and security features of other hardware wallet options before making a decision. Ultimately, the decision of whether or not the Ellipal product is worthwhile for the cost is entirely up to the user. It’s a safe option with an innovative design, however, it’s not as user-friendly for use like other hardware wallets. Additionally, it’s an extremely new product that’s available.