The world of cryptocurrency has witnessed an significant rise in the number of hardware wallets available in recent years. Each claims to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a new competitor in the field, and aims to stand out from the crowd by providing an unrivalled solution. As the use of cryptocurrency is becoming more widespread it is becoming more important to safe the storage and protection of assets becomes increasingly essential. Ellipal wallet Ellipal wallet can be described as a tool that keeps the private key to digital assets offline and prevents hackers from taking them remotely.
Ellipal, the company behind the wallet’s hardware component is a relatively young company on the market. They raised $55K in an Indiegogo campaign to fund its development. The website of the company and its online reviews claim that their hardware wallet is 100% safe, however it is important to keep in mind that hardware wallets from rival businesses such as TREZOR and Ledger are made in a way that no outside attacker can see your private keys. For example, even if you connect your TREZOR on a compromised system that is infected with viruses, your private keys remain secure and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design. It is completely unconnected to any computer or network that is, it doesn’t have wired or wireless connectivity. Instead, it communicates through QR codes via an image camera at the rear of the. This makes it an extremely safe option since it blocks the possibility of hackers getting an access point to your private keys via the network. It’s important to note that this means the Ellipal wallet isn’t as convenient to use like other wallets on hardware that connect to a computer to facilitate transactions.
The Ellipal wallet costs $149 and is relatively recent to market which implies that it isn’t combat-tested to date. This is something that potential buyers need to keep in mind when considering buying the Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR as well as Ledger) are in business for a longer time and have a proven track record of security.
In terms of coin support In terms of support for coins, the Ellipal wallet currently supports a limited number of coins, including Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is less than the number of coins supported by its competitors, TREZOR and Ledger, which might be a worry for some buyers. 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 brand new player on the hardware wallet market, promising that it is 100% secure because of its complete inaccessibility to any computer or network. Ellipal is a company that’s new, and the product hasn’t been battle-tested as of yet. The Ellipal wallet currently supports the use of a small number of coins, and its price tag of $149 is in line with other wallets. Although the concept of a totally exclusive hardware wallet is appealing but it’s crucial to look at the security and track record measures of other wallet options before making a choice. Ultimately, the decision of whether the Ellipal device is well worth the cost is up to the individual. It’s a safe option with a unique design but it’s not as convenient to use as other hardware wallets. Additionally, it’s a relatively new product available on the market.