The cryptocurrency market has seen an significant rise in the number of hardware wallets available on the market in recent years, each claims that digital assets will be secure and safe. The Ellipal wallet is a brand new entry into the market and is aiming to differentiate itself from its rivals by providing an unrivalled solution. As cryptocurrency usage becomes more mainstream it is becoming more important to safe storage of digital assets becomes more crucial. It is the Ellipal digital wallet tool which keeps the private keys to digital assets off-line and prevents hackers from taking them remotely.
Ellipal, the company behind the hardware wallet, is a relatively new player in the market. It raised $55K through the course of an Indiegogo campaign to help fund research and development for their products. The website of the company and its online reviews claim that their hardware wallet is completely safe, however it is important to keep in mind that hardware wallets of competing firms such as TREZOR as well as Ledger are also designed in a way that no attacker from outside is able to see your private keys. For instance, even if you connect your TREZOR to a compromised computer that has been infected with 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 wired or wireless connectivity. Instead, it communicates via QR codes via cameras on its rear of the. This makes it a very secure option as it eliminates the possibility of hackers having an access point to your private keys through the network. It’s important to note that this also means that the Ellipal wallet is not so user-friendly like other wallets on hardware, which can be connected to a computer for easy transactions.
The Ellipal wallet retails for $149. It is fairly brand new in the marketplace, which implies that it’s not tested in battle yet. This is something that potential buyers must take into consideration when buying this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR as well as Ledger) are around for longer and have a established track records of security.
In terms of coin support In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. It is lower than the amount of coins supported by its competitors, TREZOR and Ledger, which may be a concern for some customers. But, the company is currently working on adding support for more coins in the near future.
In conclusion, the Ellipal wallet has been a brand new player in the market of hardware wallets and promises that it is 100% secure due to its complete isolation from any network or computer. Ellipal is a company that’s new, and the product has not been tested in battle yet. The Ellipal wallet is currently compatible with the use of a small number of coins and the price of $149 is in line with other wallets. Although the concept of a fully separated hardware wallet sounds appealing but it’s crucial to look at the history and security features of other hardware wallets prior to making a choice. Ultimately, the decision of whether the Ellipal device is well worth the cost is up to the individual. It’s a very secure option with an innovative design, however, it’s not as user-friendly in use as the other wallets. Additionally, it’s a relatively new product on the market.