The cryptocurrency market has witnessed an significant increase in the amount of hardware wallets on the market in recent years. Each claims that digital assets will be secure and safe. 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 cryptocurrency usage becomes more mainstream and more commonplace, the need for secure security for digital asset storage becomes more essential. Ellipal wallet Ellipal digital wallet tool that keeps the private key to digital assets off-line to prevent hackers from taking them remotely.
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 finance research and development for their products. The website of the company and its online reviews state they are completely secure, but it’s important to keep in mind that hardware wallets of competing businesses like TREZOR and Ledger are constructed in a manner that no outside attacker can access your private keys. In the event that, for instance, you connect your TREZOR on a compromised device that has been infected with viruses your private keys remain safe and secure.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely isolated from any computer or network which means it does not have wireless or wired connectivity. Instead, it communicates through QR codes using an image camera at the rear of the. This makes it a highly secure choice as it removes the possibility of hackers having gain access to private information via an internet connection. However, it’s worth noting that this means the Ellipal wallet isn’t so user-friendly like other wallets on hardware, which can be connected to a computer to facilitate transactions.
The Ellipal wallet retails for $149. It is relatively recent to market meaning that it has not been battle-tested yet. This is something prospective buyers should be aware of when purchasing the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR and Ledger) were on the market for longer and have an established track record of security.
Regarding support for coins in terms of coin support, the Ellipal wallet currently supports a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is less than the number of coins supported by its competitors, TREZOR and Ledger, which may be a concern for some users. However, the company is working to provide support for more coins in the future.
In conclusion, Ellipal wallet is a good choice. Ellipal wallet has been a brand new competitor in the market of hardware wallets that claims that it is 100% secure because of its complete separation from any network or computer. The company behind it is new, and the product hasn’t been battle-tested yet. The Ellipal wallet is currently compatible with only a few coins, and its price tag of $149 is in line with its competitors. Although the idea of a totally isolated hardware wallet is intriguing but it’s crucial to look at the track record and security measures of other wallets before making a choice. Ultimately, the decision of whether the Ellipal wallet is 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 easy to use as other wallets. It’s also a relatively new product that’s available.