The world of cryptocurrency has witnessed a significant increase in the number of hardware wallets in recent years, each promising to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a brand new entry into the market and is aiming to differentiate itself from its rivals by providing an entirely separate solution. As cryptocurrency usage becomes more mainstream, the need for safe security for digital asset storage becomes more important. Ellipal wallet Ellipal wallet is a gadget which keeps the private keys to digital assets off-line, preventing hackers from stealing the keys from a remote location.
Ellipal the company that developed the wallet’s hardware, is a relatively new company on the market. The company raised $55K via an Indiegogo campaign to help fund its development. The company’s website as well as online reviews state the hardware wallet as completely safe, however it is important to keep in mind that hardware wallets of rival companies like TREZOR as well as Ledger are made in a way that no attacker from outside is able to see your private keys. For example, even if you connect your TREZOR on a compromised system that has been infected with viruses Your private keys will remain secure and safe.
Its Ellipal wallet is unique in its design, it is completely isolated from any computer or network, meaning it has no wireless or wired connectivity. Instead, it communicates through QR codes using cameras on its rear of the. This makes it a highly secure option as it eliminates the possibility of hackers getting access to the private key through a network connection. It’s important to note that this also means that the Ellipal wallet is not so user-friendly as other hardware wallets that can be linked to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is fairly recent to market meaning that it’s not combat-tested to date. This is something potential buyers should be aware of when buying this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR and Ledger) have been on the market for longer and have an established track record of security.
In terms of support for coin, Ellipal wallet supports a limited number of coins. Ellipal wallet supports a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. It is lower than the number of coins supported by its competitors, TREZOR and Ledger, which might be a worry for some customers. But, the company is working to add more support for coins in the near future.
In the end In conclusion, Ellipal wallet is a good choice. Ellipal device is an brand new player in the market of hardware wallets and promises that it is 100% secure because of its complete inaccessibility to any network or computer. Ellipal is a company that’s new and the product hasn’t been battle-tested yet. The Ellipal wallet currently supports a limited number of coins, and its price tag of $149 is in line with its competitors. While the idea of a completely exclusive hardware wallet is appealing, it’s important to consider the history and security features of other hardware wallet options before making a choice. The final decision about whether or not the Ellipal product is worthwhile for 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, and it’s an all-new product available on the market.