The world of cryptocurrency has witnessed an significant increase in the number of hardware wallets in recent years, all promises that digital assets will be secure and safe. The Ellipal wallet is the latest entry into the market and is aiming to differentiate itself from the crowd by providing an unrivalled solution. As the use of cryptocurrency becomes more mainstream it is becoming more important to safe the storage and protection of assets becomes more crucial. The Ellipal digital wallet tool that stores the private key to digital assets off-line, preventing hackers from stealing them from a remote location.
Ellipal, the company behind the hardware wallet is a relatively young company on 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 state the hardware wallet as 100% safe, however it is important to remember that hardware wallets from rival businesses like TREZOR as well as Ledger are also designed in a way that no outside attacker can see your private keys. For instance, even if it is possible to connect your TREZOR on a compromised device that has been infected with viruses your private keys remain protected and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design. It is completely disconnected from any computer or network which means it does not have wired or wireless connectivity. Instead, it transmits QR codes via cameras on its rear of the. This makes it an extremely secure choice as it removes the possibility of hackers getting an access point to your private keys via a network connection. However, it’s worth noting that this means the Ellipal wallet isn’t so user-friendly as other wallets that are hardware-based that connect to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is fairly recent to market which implies that it isn’t battle-tested yet. This is something prospective buyers need to keep in mind when considering purchasing this Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR as well as Ledger) have been in business for a longer time and have a proven track record of security.
In terms of support for coin, the Ellipal wallet is currently able to support a limited number of coins, including Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is fewer than the number of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some customers. The company is currently working on adding support for more coins in the near future.
In conclusion it is clear that Ellipal wallet is a good choice. Ellipal wallet has been a brand new player in the market of hardware wallets and promises to be 100% safe due to its total inaccessibility to any network or computer. The company behind it is relatively new, and the product hasn’t been tested in battle yet. The Ellipal wallet supports a limited number of coins and its price at $149 is comparable with the other options. While the idea of a fully exclusive hardware wallet is appealing, it’s important to consider the track record and security features of other hardware wallets before making a choice. The final decision about whether or not the Ellipal product is worthwhile for the cost is entirely up to the user. It’s a safe option with an innovative design, however, it’s not as easy to use as other wallets. Additionally, it’s a relatively new product that’s available.