The cryptocurrency market has witnessed an significant increase in the number of hardware wallets in recent years, all promises to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a new entrant in this field and aims to stand out from the crowd by providing an entirely separate solution. As the use of cryptocurrency becomes more mainstream, the need for safe security for digital asset storage becomes increasingly crucial. Ellipal wallet Ellipal digital wallet tool that keeps the private key to digital assets indefinitely, preventing hackers from stealing their assets from a remote location.
Ellipal, the company behind the wallet’s hardware is a relatively young player in the market. The company raised $55K via the course of an Indiegogo campaign to finance its development. The company’s website as well as online reviews claim they are 100% secure, however, it’s important to keep in mind that hardware wallets of rival businesses such as TREZOR as well as Ledger are constructed in a manner that no one outside can see your private keys. For example, even if the TREZOR is connected TREZOR to a compromised system that is infected with viruses Your private keys will remain safe and secure.
The Ellipal wallet is unique in its design, it is completely unconnected to any computer or network, meaning it has no wireless or wired connectivity. Instead, it communicates through QR codes via cameras on its rear of the. This makes it a highly secure option as it eliminates the possibility of a hacker having gain access to private information through the network. However, it’s important to remember that this could mean that the Ellipal wallet isn’t so user-friendly as other wallets that are hardware-based, which can be connected to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is fairly new to the market, which means that it has not been combat-tested to date. This is something that potential buyers must be aware of when purchasing this Ellipal wallet. Comparatively, both of the leading hardware wallet makers today (TREZOR as well as Ledger) are in business for longer and have proven track record of security.
In terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet supports a limited number of coins which include Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is less than the amount of 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 the support of more coins in the future.
In conclusion In conclusion, it is clear that the Ellipal wallet has been a fresh competitor in the market of hardware wallets, promising that it is 100% secure because of its complete separation from any computer or network. Its creators are relatively new and the product has not been battle-tested yet. The Ellipal wallet supports the use of a small number of coins and its price of $149 is on par with its competitors. Although the idea of a completely exclusive hardware wallet is appealing but it’s crucial to look at the track record and security measures of other hardware wallets before making a choice. Ultimately, the decision of whether the Ellipal product is worthwhile for the price is up to the individual. It’s an extremely secure choice with an innovative design, but it’s not as convenient to use as other wallets. Additionally, it’s an extremely new product available on the market.