The cryptocurrency market has seen an significant increase in the number of hardware wallets available in recent years. Each promises to keep digital assets secure and safe. The Ellipal wallet is the latest competitor in the field, and aims to stand out from the crowd by providing an unrivalled solution. As cryptocurrency usage grows more commonplace and more commonplace, the need for secure storage of digital assets becomes more important. Ellipal wallet Ellipal digital wallet tool which keeps the private keys to digital assets offline, preventing hackers from stealing the keys from a remote location.
Ellipal, the company behind the hardware wallet, is a relatively new company on the market. The company raised $55K via an Indiegogo campaign to finance the development of their product. The company’s website and reviews online claim they are completely safe, however it is important to keep in mind that hardware wallets of rival businesses such as TREZOR and Ledger are made in a way that no outside attacker can view your private key. For instance, even if the TREZOR is connected TREZOR on a compromised computer which is infected by viruses, your private keys are still safe and secure.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely unconnected to any computer or network which means it does not have wired or wireless connectivity. Instead, it communicates via QR codes through cameras on its rear end. This makes it a highly safe option since it blocks the possibility of a hacker having gain access to private information by a network connection. It’s important to note that this also means that the Ellipal wallet is not as convenient to use as other wallets that are hardware-based, which can be connected to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is fairly brand new in the marketplace, meaning that it isn’t combat-tested to date. This is something that potential buyers must be aware of when purchasing the Ellipal wallet. Comparatively, both of the leading hardware wallet makers today (TREZOR and Ledger) have been in business for a longer time and have a established track records of security.
In terms of coin support, the Ellipal wallet currently supports the following coins: a few which include Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is fewer than the coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some users. The company is working to add the support of more coins in the future.
In the end, Ellipal wallet is a good choice. Ellipal wallet is a brand new competitor in the hardware wallet market and promises 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 hasn’t been tested in battle yet. The Ellipal wallet currently supports only a few coins and the price at $149 is comparable with other wallets. Although the concept of a completely exclusive hardware wallet is appealing however, you should consider the security and track record measures of other wallet options before making a choice. The final decision about whether or not the Ellipal product is worthwhile for the price is up to the person who buys it. It’s a safe option with an innovative design, however, it’s not as user-friendly for use like other wallets. Additionally, it’s a relatively new product that’s available.