The cryptocurrency market has witnessed an significant increase in the amount of hardware wallets available in recent years. Each claims that digital assets will be safe and secure. The Ellipal wallet is a brand new competitor in the field, and is aiming to differentiate itself from its competitors by offering an unrivalled solution. As the use of cryptocurrency is becoming more widespread, the need for secure security for digital asset storage is becoming increasingly essential. It is the Ellipal wallet is a gadget that stores the private key to digital assets indefinitely, preventing hackers from stealing the keys from a remote location.
Ellipal, the company behind the hardware wallet is a relatively young company on the market. The company raised $55K via the course of an Indiegogo campaign to finance its development. The company’s website as well as online reviews state they are completely secure, but it’s important to remember that hardware wallets of competing companies such as TREZOR as well as Ledger are made in a way that no attacker from outside is able to view your private key. For example, even if the TREZOR is connected TREZOR with a compromised device which is infected by viruses your private keys are still safe and secure.
The Ellipal wallet is unique in its design. It is completely unconnected to any computer or network, meaning it has no wireless or wired connectivity. Instead, it communicates through QR codes through an image camera at the rear end. This makes it a highly safe option since it blocks the possibility of hackers having gain access to private information through the network. It’s important to note that this could mean that the Ellipal wallet is not as convenient to use as other hardware wallets that connect to a computer to facilitate transactions.
The Ellipal wallet costs $149 and is fairly brand new in the marketplace, which means that it isn’t combat-tested to date. This is something prospective buyers should keep in mind when considering purchasing this Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR as well as Ledger) have been in business for longer and have established track records of security.
Regarding support for coins, the Ellipal wallet is currently able to support only a small number of coins, including Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is less than the coins supported by its competitors, TREZOR and Ledger, which might be a worry for some customers. However, the company is working to provide the support of more coins in the near future.
In conclusion In conclusion, Ellipal wallet is a good choice. Ellipal wallet is a new player on the market for hardware wallets and promises to be completely secure due to its complete separation from any computer or network. The company behind it is new, and the product has not been battle-tested yet. The Ellipal wallet is currently compatible with only a few coins, and its price tag at $149 is comparable with other wallets. Although the idea of a completely exclusive hardware wallet is appealing but it’s crucial to look at the security and track record measures of other wallet options before making a choice. In the end, the decision on whether or not the Ellipal product is worthwhile for the cost is up to the person who buys it. It’s an extremely secure choice with a unique design but it’s not as convenient to use as other wallets, and it’s an all-new product on the market.