The cryptocurrency market has seen an significant increase in the amount of hardware wallets in recent years. Each promising that digital assets will be secure and safe. Ellipal is one of them. Ellipal wallet is a brand new entry into the market and aims to stand out from the crowd by providing a completely isolated solution. As cryptocurrency usage grows more commonplace it is becoming more important to secure storage of digital assets is becoming increasingly crucial. It is the Ellipal wallet can be described as a device that stores the private key to digital assets indefinitely and prevents hackers from taking their assets from a remote location.
Ellipal, the company behind the wallet’s hardware is a relatively new company on the market. The company raised $55K via the course of an Indiegogo campaign to finance the development of their product. The company’s website and reviews online claim they are completely safe, however it is important to remember that hardware wallets from rival companies such as TREZOR and Ledger are constructed in a manner that no outside attacker can access your private keys. For instance, even if you connect your TREZOR with a compromised device which is infected by viruses, your private keys remain protected and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design. It is completely disconnected from any computer or network that is, it doesn’t have wireless or wired connections. Instead, it communicates via QR codes through an image camera at the rear of the. This makes it a highly secure choice as it removes the possibility of hackers getting an access point to your private keys through the network. However, it’s worth noting that this could mean that the Ellipal wallet is not so user-friendly as other hardware wallets that connect to a computer for easy transactions.
The Ellipal wallet retails for $149. It is relatively new to the market, which means that it’s not combat-tested to date. This is something that potential buyers must keep in mind when considering buying the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR as well as Ledger) are around for longer and have established track records of security.
Regarding support for coins in terms of coin support, the Ellipal wallet is currently able to support the following coins: a few which include Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is fewer than the amount of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some customers. The company is currently working on adding the support of more coins in the near future.
In the end, it is clear that the Ellipal wallet has been a brand new player on the market for hardware wallets, promising to be completely secure due to its complete inaccessibility to any network or computer. The company behind it is relatively new, and the product hasn’t been battle-tested yet. The Ellipal wallet is currently compatible with the use of a small number of coins, and its price tag at $149 is comparable with the other options. Although the concept of a totally exclusive hardware wallet is appealing but it’s crucial to look at the security and track record measures of other hardware wallet options before making a decision. Ultimately, the decision of whether the Ellipal wallet is worth the cost is up to the person who buys it. It’s an extremely secure choice that has a modern design however, it’s not as easy to use as other hardware wallets. It’s also an all-new product available on the market.