The world of cryptocurrency has witnessed an significant increase in the amount of hardware wallets available in recent years, all claims to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a new entry into the market and aims to stand out from the crowd by providing an unrivalled solution. As the use of cryptocurrency is becoming more widespread, the need for secure storage of digital assets becomes increasingly essential. It is the Ellipal digital wallet tool that keeps the private key to digital assets indefinitely, preventing hackers from stealing the keys remotely.
Ellipal, the company behind the wallet’s hardware is a relatively new player in the market. They raised $55K in an Indiegogo campaign to finance the development of their product. The company’s website and online reviews claim that their hardware wallet is 100% secure, however, it’s important to remember that hardware wallets of competing businesses like TREZOR and Ledger are made in a way that no one outside can access your private keys. In the event that, for instance, you connect your TREZOR with a compromised device that has been infected with viruses your private keys are still secure and safe.
Ellipal is a unique wallet. Ellipal wallet is unique 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 end. This makes it an extremely safe option since it blocks the possibility of hackers having gain access to private information through the network. It’s important to note that this could mean that the Ellipal wallet is not so user-friendly like other wallets on hardware that connect to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is fairly brand new in the marketplace, meaning that it has not been combat-tested to date. This is something potential buyers should take into consideration when buying this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR and Ledger) have been on the market for longer and have a an established track record of security.
In terms of support for coin In terms of support for coins, the Ellipal wallet supports the following coins: a few that are supported, such as Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is fewer than the coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some buyers. The company is working to add the support of more coins in the future.
In the end it is clear that it is clear that the Ellipal wallet is a fresh player on the market of hardware wallets that claims to be completely safe due to its total inaccessibility to any network or computer. Ellipal is a company that’s 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 tag at $149 is comparable with other wallets. Although the idea of a fully separated hardware wallet sounds 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 wallet is worth the cost is up to the individual. It’s a safe option that has a modern design however, it’s not as easy in use as the other hardware wallets, and it’s an all-new product available on the market.