The world of cryptocurrency has witnessed an significant increase in the amount of wallets that are hardware in recent years, all 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 its rivals by providing an entirely separate solution. As cryptocurrency usage becomes more mainstream and more commonplace, the need for secure security for digital asset storage becomes more essential. The Ellipal wallet is a gadget which keeps the private keys to digital assets off-line, preventing hackers from stealing their assets remotely.
Ellipal, the company behind the hardware wallet is a relatively young competitor in the market. They raised $55K in an Indiegogo campaign to fund the development of their product. The company’s website and reviews online claim that their hardware wallet is completely secure, but it’s important to remember that hardware wallets from rival companies such as TREZOR as well as Ledger are also designed in a way that no outside attacker can view your private key. In the event that, for instance, it is possible to connect your TREZOR with a compromised device that has been infected with viruses your private keys remain protected and safe.
The Ellipal wallet is distinctive in its design. It is completely disconnected from any network or computer, meaning it has no wireless or wired connectivity. Instead, it communicates via QR codes through a camera on 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 by the network. However, it’s important to remember that this means the Ellipal wallet isn’t as user-friendly as other wallets that are hardware-based, which can be connected to a computer to facilitate transactions.
The Ellipal wallet costs $149 and is relatively recent to market which implies that it isn’t tested in battle yet. This is something potential buyers should take into consideration when purchasing this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers of today (TREZOR as well as Ledger) were on the market for longer and have a proven track record of security.
Regarding support for coins In terms of support for coins, the Ellipal wallet currently supports the following coins: a few, including Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is fewer than the number of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some buyers. However, the company is currently working on adding support for more coins in the near future.
In conclusion, Ellipal wallet is a good choice. Ellipal wallet has been a new player on the hardware wallet market, promising to be completely safe due to its total isolation from any computer or network. The company behind it is new, and the product has not been tested in battle yet. The Ellipal wallet currently supports only a few coins and the price of $149 is on par with its competitors. Although the idea of a totally exclusive hardware wallet is appealing, it’s important to consider the history and security features of other hardware wallets before making a decision. The final decision about whether the Ellipal wallet is worth the price is entirely up to the user. It’s a safe option with an innovative design, however, it’s not as user-friendly for use like other wallets, and it’s a relatively new product available on the market.