The world of cryptocurrency has witnessed a significant rise in the number of hardware wallets in recent years, each promises that digital assets will be safe and secure. Its 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 and more commonplace, the need for secure security for digital asset storage becomes more important. The Ellipal wallet is a gadget that keeps the private key to digital assets off-line and prevents hackers from taking the keys from a remote location.
Ellipal, the company behind the wallet’s hardware is a relatively young company on the market. The company raised $55K via the course of an Indiegogo campaign to fund the development of their product. The website of the company and its online reviews claim that their hardware wallet is 100% safe, however it is important to keep in mind that hardware wallets of rival businesses such as TREZOR as well as Ledger are also designed in a way that no one outside can access your private keys. For example, even if you connect your TREZOR on a compromised computer which is infected by viruses Your private keys will remain safe and secure.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely isolated from any network or computer which means it does not have wireless or wired connectivity. Instead, it communicates through QR codes via a camera on the rear of the. This makes it a highly secure choice as it removes the possibility of hackers having access to the private key via the network. However, it’s important to remember that this also means that the Ellipal wallet is not as user-friendly as other hardware wallets that connect to a computer for simple transactions.
The Ellipal wallet retails for $149. It is fairly recent to market which implies that it has not been combat-tested to date. This is something potential buyers need to be aware of when purchasing the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR as well as Ledger) have been around for a longer time and have a an established track record of security.
Regarding support for coins In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support a limited number of coins which include Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is less than the number of coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some customers. But, the company is working to provide support for more coins in the future.
In the end it is clear that Ellipal wallet is a good choice. Ellipal wallet has been a new player in the hardware wallet market that claims to be completely secure due to its complete isolation from any computer or network. Ellipal is a company that’s new, and the product hasn’t been tested in battle yet. The Ellipal wallet is currently compatible with the use of a small number of coins, and its price tag of $149 is in line with other wallets. Although the concept of a totally 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. Ultimately, the decision of whether the Ellipal wallet is worth the price is entirely up to the user. It’s a safe option with an innovative design, however, it’s not as user-friendly in use as the other hardware wallets. It’s also a relatively new product on the market.