The cryptocurrency market has seen a significant rise in the number of wallets that are hardware on the market in recent years. Each promises that digital assets will be secure and safe. Ellipal is one of them. Ellipal wallet is a new entry into the market and aims to stand out from the crowd by providing a completely isolated solution. As the use of cryptocurrency is becoming more widespread it is becoming more important to safe security for digital asset storage becomes increasingly crucial. Ellipal wallet Ellipal wallet is a device that keeps the private key to digital assets indefinitely to prevent hackers from taking the keys from a remote location.
Ellipal the company that developed the wallet’s hardware is a relatively new player in the market. They raised $55K in the course of an Indiegogo campaign to finance its development. The website of the company and its online reviews claim they are completely safe, however it is important to keep in mind that hardware wallets of rival businesses like TREZOR as well as Ledger are also designed in a way that no one outside can see your private keys. In the event that, for instance, the TREZOR is connected TREZOR on a compromised computer which is infected by viruses Your private keys will remain safe and secure.
The Ellipal wallet is distinctive in its design, it is completely unconnected to any network or computer that is, it doesn’t have wireless or wired connectivity. Instead, it transmits QR codes using a camera on the rear end. This makes it a very safe option since it blocks the possibility of a hacker gaining gain access to private information through an internet connection. It’s important to note that this could mean that the Ellipal wallet isn’t as user-friendly like other wallets on hardware that can be linked to a computer to facilitate transactions.
The Ellipal wallet costs $149 and is fairly brand new in the marketplace, which implies that it has not been combat-tested to date. This is something prospective buyers must take into consideration when purchasing the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR and Ledger) are in business for longer and have a an established track record of security.
Regarding support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports the following coins: a few which include Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is fewer than the coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some buyers. However, the company is currently working on adding more support for coins in the near future.
In conclusion, the Ellipal wallet is a new player in the hardware wallet market that claims to be completely secure because of its complete separation from any computer or network. Ellipal is a company that’s relatively new and the product hasn’t been battle-tested as of yet. The Ellipal wallet currently supports a limited number of coins and its price of $149 is on par with other wallets. While the idea of a completely separated hardware wallet sounds appealing however, you should consider the history and security measures of other wallets prior to making a decision. Ultimately, the decision of whether the Ellipal wallet is worth the price is up to the person who buys it. It’s an extremely secure choice that has a modern design but it’s not as convenient in use as the other hardware wallets. Additionally, it’s an all-new product that’s available.