The cryptocurrency market has witnessed an significant rise in the number of wallets that are hardware on the market in recent years. Each promises to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a new entrant in this field and is aiming to differentiate itself from the crowd by providing an unrivalled solution. As the use of cryptocurrency grows more commonplace, the need for secure security for digital asset storage becomes increasingly important. Ellipal wallet Ellipal digital wallet device that keeps the private key to digital assets offline to prevent hackers from taking them from a remote location.
Ellipal the company that developed the wallet’s hardware component is a relatively young competitor in the market. The company raised $55K via an Indiegogo campaign to fund the development of their product. The company’s website and online reviews state the hardware wallet as 100% secure, however, it’s important to keep in mind that hardware wallets from rival businesses such as TREZOR and Ledger are also designed in a way that no outside attacker can access your private keys. For instance, even if it is possible to 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 distinctive in its design, it is completely unconnected to any computer or network, meaning it has no wired or wireless connectivity. Instead, it communicates through QR codes via cameras on its rear end. This makes it a highly secure option as it eliminates the possibility of hackers getting gain access to private information by an internet connection. However, it’s worth noting that this means the Ellipal wallet isn’t so user-friendly as other wallets that are hardware-based that connect to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is fairly new to the market, which implies that it isn’t tested in battle yet. This is something potential buyers must take into consideration when purchasing this Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR as well as Ledger) have been on the market for longer and have a proven track record of security.
Regarding support for coins in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet supports only a small number of coins, including Bitcoin, Ethereum, Litecoin along with ERC20 tokens. It is lower than the coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some buyers. But, the company is working to provide more support for coins in the future.
In the end, Ellipal wallet is a good choice. Ellipal wallet is a new player on the market for hardware wallets, promising to be completely safe due to its total isolation from any computer or network. Its creators are relatively new and the product has not been tested in battle yet. The Ellipal wallet supports the use of a small number of coins, and its price tag of $149 is on par with the other options. Although the idea of a completely exclusive hardware wallet is appealing however, you should consider the history and security measures of other wallets prior to making a decision. Ultimately, the decision of whether or not the Ellipal wallet is worth the price is up to the person who buys it. It’s a safe option that has a modern design however, it’s not as user-friendly in use as the other hardware wallets. It’s also an all-new product on the market.