The cryptocurrency market has seen an significant rise in the number of wallets that are hardware in recent years, each promising that digital assets will be secure and safe. Its Ellipal wallet is a new entry into the market and aims to stand out from the crowd by providing an unrivalled solution. As cryptocurrency usage is becoming more widespread, the need for secure storage of digital assets becomes more crucial. Ellipal wallet Ellipal digital wallet gadget which keeps the private keys to digital assets indefinitely and prevents hackers from taking the keys remotely.
Ellipal, the company behind the wallet’s hardware is a relatively young competitor in the market. The company raised $55K via an Indiegogo campaign to help fund its development. The website of the company and its online reviews state the hardware wallet as 100% safe, however it is important to note that the hardware wallets of rival firms such as TREZOR as well as Ledger are constructed in a manner that no outside attacker can access your private keys. In the event that, for instance, you connect your TREZOR with a compromised computer that has been infected with 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 wireless or wired connectivity. Instead, it communicates via QR codes through an image camera at the rear of the. This makes it a very secure option as it eliminates the possibility of hackers having access to the private key by an internet connection. However, it’s important to remember that this means the Ellipal wallet isn’t as user-friendly like other wallets on hardware that connect to a computer for simple transactions.
The Ellipal wallet retails for $149. It is fairly new to the market, which implies that it isn’t tested in battle yet. This is something that potential buyers should keep in mind when considering buying this Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR and Ledger) are on the market for longer and have a established track records of security.
Regarding support for coins In terms of support for coins, the Ellipal wallet supports a limited number of coins, including Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is fewer than the coins supported by its competitors, TREZOR and Ledger, which could be a problem for some customers. The company is working to add more support for coins in the future.
In conclusion, the Ellipal device is an fresh competitor in the hardware wallet market that claims that it is 100% secure because of its complete inaccessibility to any computer or network. Ellipal is a company that’s relatively new, and the product has not been battle-tested as of yet. The Ellipal wallet currently supports the use of a small number of coins and its price of $149 is in line with other wallets. Although the idea of a completely exclusive hardware wallet is appealing, it’s important to consider the track record and security measures of other wallets before making a decision. Ultimately, the decision of whether or not the Ellipal device is well worth the price is up to the individual. It’s a safe option with an innovative design, however, it’s not as easy in use as the other wallets, and it’s a relatively new product available on the market.