The world of cryptocurrency has witnessed an significant increase in the number of hardware wallets on the market in recent years. Each promises that digital assets will be safe and secure. Its Ellipal wallet is a brand new entry into the market and hopes to differentiate from its rivals by providing an unrivalled solution. As the use of cryptocurrency grows more commonplace it is becoming more important to safe storage of digital assets is becoming increasingly crucial. Ellipal wallet Ellipal wallet is a device that keeps the private key to digital assets indefinitely to prevent hackers from taking them remotely.
Ellipal, the company behind the hardware wallet is a relatively new company on the market. It raised $55K through an Indiegogo campaign to finance its development. The company’s website and reviews online claim that their hardware wallet is completely secure, however, it’s important to remember that hardware wallets of competing firms like TREZOR and Ledger are made in a way that no outside attacker can view your private key. For example, even if the TREZOR is connected TREZOR on a compromised device which is infected by viruses Your private keys are still safe and secure.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely isolated from any network or computer, meaning it has no wired or wireless connectivity. Instead, it communicates via QR codes through an image camera at the rear end. This makes it a very safe option since it blocks the possibility of a hacker having access to the private key through a network connection. However, it’s important to remember that this means the Ellipal wallet isn’t as user-friendly as other hardware wallets, which can be connected to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is relatively brand new in the marketplace, which implies that it has not been tested in battle yet. This is something potential buyers should take into consideration when buying this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR as well as Ledger) are around for longer and have proven track record of security.
Regarding support for coins, the Ellipal wallet supports the following coins: a few, including Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. It is lower than the amount of coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some customers. However, the company is working to add support for more coins in the future.
In the end, Ellipal wallet is a good choice. Ellipal device is an fresh competitor in the market for hardware wallets and promises to be completely secure because of its complete isolation from any network or computer. Ellipal is a company that’s new, and the product hasn’t been battle-tested yet. The Ellipal wallet currently supports the use of a small number of coins and the price of $149 is in line with its competitors. Although the concept of a totally exclusive hardware wallet is appealing however, you should consider the security and track record measures of other wallets before making a choice. The final decision about whether the Ellipal product is worthwhile for the cost is up to the individual. It’s a safe option that has a modern design however, it’s not as user-friendly to use as other hardware wallets. Additionally, it’s an extremely new product on the market.