The world of cryptocurrency has witnessed a significant increase in the number of hardware wallets on the market in recent years. Each promising that digital assets will be secure and safe. Ellipal is one of them. Ellipal wallet is a brand new entrant in this field and aims to stand out from its competitors by offering a completely isolated solution. As the use of cryptocurrency is becoming more widespread it is becoming more important to secure the storage and protection of assets becomes increasingly crucial. It is the Ellipal wallet is a gadget that stores the private key to digital assets off-line, preventing hackers from stealing their assets from a remote location.
Ellipal, the company behind the wallet’s hardware is a relatively new player in the market. They raised $55K in an Indiegogo campaign to help fund research and development for their products. The company’s website and online reviews state they are 100% secure, however, it’s important to keep in mind that hardware wallets from rival businesses like TREZOR as well as Ledger are also designed in a way that no one outside can see your private keys. For instance, even if it is possible to connect your TREZOR with a compromised device which is infected by viruses Your private keys will remain safe and secure.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely isolated from any network or computer that is, it doesn’t have wireless or wired connectivity. Instead, it communicates via QR codes through cameras on its back of the. This makes it a very safe option since it blocks the possibility of hackers getting gain access to private information by an internet connection. However, it’s worth noting 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 retails for $149. It is relatively brand new in the marketplace, which means that it’s not tested in battle yet. This is something that potential buyers need to be aware of when buying this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers 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 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. But, the company is currently working on adding more support for coins in the future.
In the end, the Ellipal wallet is a fresh player on the market for hardware wallets that claims to be 100% secure because of its complete inaccessibility to any network or computer. The company behind it is new, and the product hasn’t been tested in battle yet. The Ellipal wallet currently supports only a few coins and the price at $149 is comparable with its competitors. Although the idea of a completely exclusive hardware wallet is appealing but it’s crucial to look at the track record and security features of other hardware wallets prior to making a decision. The final decision about whether or not the Ellipal wallet is worth the price is entirely up to the user. It’s a very secure option with an innovative design, however, it’s not as easy for use like other hardware wallets. Additionally, it’s an all-new product available on the market.