The cryptocurrency market has seen an significant rise in the number of hardware wallets on the market in recent years, each promising to keep digital assets secure and safe. The Ellipal wallet is the latest competitor in the field, and hopes to differentiate from the crowd by providing an unrivalled solution. As cryptocurrency usage is becoming more widespread and more commonplace, the need for secure security for digital asset storage becomes more crucial. Ellipal wallet Ellipal digital wallet device that keeps the private key to digital assets off-line to prevent hackers from taking them remotely.
Ellipal the company that developed the wallet’s hardware component is a relatively young player in the market. It raised $55K through an Indiegogo campaign to fund research and development for their products. The website of the company and its online reviews claim the hardware wallet as completely secure, but it’s important to remember that hardware wallets of competing companies such as TREZOR and Ledger are constructed in a manner that no attacker from outside is able to see your private keys. In the event that, for instance, the TREZOR is connected TREZOR on a compromised device which is infected by viruses your private keys remain protected and safe.
The Ellipal wallet is unique in its design, it is completely isolated from any network or computer which means it does not have wired or wireless connectivity. Instead, it communicates through QR codes through cameras on its back of the. This makes it a very secure choice as it removes the possibility of hackers getting access to the private key via an internet connection. However, it’s worth noting that this could mean that the Ellipal wallet isn’t so user-friendly as other hardware wallets that connect to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is relatively recent to market meaning that it’s not tested in battle yet. This is something that potential buyers should keep in mind when considering buying the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR and Ledger) were on the market for a longer time and have a established track records of security.
Regarding support for coins in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support the following coins: a few, 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 add more support for coins in the future.
In the end In conclusion, Ellipal wallet is a good choice. Ellipal device is an new player on the market for hardware wallets that claims to be completely secure because of its complete isolation from any network or computer. The company behind it is relatively new and the product has not been tested in battle yet. The Ellipal wallet currently supports a limited number of coins and its price of $149 is on par with its competitors. While the idea of a fully separated hardware wallet sounds appealing, it’s important to consider the security and track record features of other hardware wallets before making a choice. In the end, the decision on whether or not the Ellipal device is well worth the price is entirely up to the user. It’s a very secure option with a unique design however, it’s not as easy in use as the other wallets. Additionally, it’s a relatively new product on the market.