The cryptocurrency market has seen a significant increase in the amount of hardware wallets available on the market in recent years, each promises that digital assets will be safe and secure. The Ellipal wallet is a new competitor in the field, and hopes to differentiate from the crowd by providing an entirely separate solution. As the use of cryptocurrency becomes more mainstream and more commonplace, the need for secure security for digital asset storage becomes more essential. It is the Ellipal digital wallet gadget that keeps the private key to digital assets indefinitely to prevent hackers from taking them remotely.
Ellipal the company that developed the wallet’s hardware component is a relatively young company on the market. It raised $55K through an Indiegogo campaign to fund its development. The company’s website as well as online reviews state that their hardware wallet is completely secure, but it’s important to keep in mind that hardware wallets of competing companies like TREZOR as well as Ledger are made in a way that no one outside can see your private keys. In the event that, for instance, it is possible to connect your TREZOR to a compromised device that is infected with viruses, your private keys will remain safe and secure.
The Ellipal wallet is unique in its design, it is completely disconnected from any network or computer, meaning it has no wired or wireless connectivity. Instead, it communicates via QR codes through a camera on the rear end. This makes it a highly secure choice as it removes the possibility of a hacker having access to the private key by a network connection. It’s important to note that this could mean 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 is priced at $149. It is relatively brand new in the marketplace, meaning that it has not been combat-tested to date. This is something prospective buyers should be aware of when buying this Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR as well as Ledger) have been on the market for a longer time and have a an established track record of security.
Regarding support for coins in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support the following coins: a few which include Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is less than the coins supported by its competitors, TREZOR and Ledger, which could be a problem for some customers. However, the company is working to provide more support for coins in the future.
In conclusion In conclusion, Ellipal wallet is a good choice. Ellipal wallet is a brand new player in the market for hardware wallets and promises to be completely secure because of its complete inaccessibility to any computer or network. Ellipal is a company that’s relatively new, and the product has not been tested in battle yet. The Ellipal wallet is currently compatible with only a few coins and the price of $149 is in line with other wallets. While the idea of a totally exclusive hardware wallet is appealing however, you should consider the history and security measures of other wallets before making a decision. Ultimately, the decision of whether the Ellipal product is worthwhile for the cost is up to the individual. It’s an extremely secure choice with an innovative design, but it’s not as convenient in use as the other hardware wallets. Additionally, it’s an all-new product that’s available.