The cryptocurrency market has witnessed an significant rise in the number of hardware wallets available on the market in recent years, all promises that digital assets will be secure and safe. Its Ellipal wallet is a brand new competitor in the field, and is aiming to differentiate itself from the crowd by providing an unrivalled solution. As cryptocurrency usage grows more commonplace, the need for safe security for digital asset storage is becoming increasingly essential. Ellipal wallet 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 that developed the wallet’s hardware is a relatively young player in the market. They raised $55K in an Indiegogo campaign to fund its development. The company’s website and online reviews claim that their hardware wallet is 100% safe, however it is important to remember that hardware wallets of rival firms such as TREZOR as well as Ledger are made in a way that no attacker from outside is able to view your private key. In the event that, for instance, it is possible to connect your TREZOR with a compromised device that has been infected with viruses your private keys will remain secure and safe.
Its Ellipal wallet is unique in its design, it is completely disconnected from any network or computer, meaning it has no wireless or wired connections. Instead, it communicates through QR codes via a camera on the rear of the. This makes it a highly secure option as it eliminates the possibility of hackers getting access to the private key by the network. However, it’s worth noting that this also means that the Ellipal wallet is not as user-friendly like other wallets on hardware, which can be connected to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is fairly brand new in the marketplace, meaning that it has not been tested in battle yet. This is something that potential buyers must keep in mind when considering buying this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR and Ledger) have been around for longer and have proven track record of security.
In terms of support for coin in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports the following coins: a few, including Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. It is lower than the amount of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some customers. However, the company is working to add more support for coins in the near future.
In conclusion, the Ellipal device is an new player in the market of hardware wallets, promising to be completely secure due to its complete separation from any network or computer. Ellipal is a company that’s relatively new, and the product hasn’t been battle-tested yet. The Ellipal wallet currently supports only a few coins, and its price tag of $149 is on par with the other options. Although the idea of a totally exclusive hardware wallet is appealing, it’s important to consider the history and security features of other hardware wallets before making a choice. The final decision about whether or not the Ellipal wallet is worth the price is entirely up to the user. It’s a very secure option with a unique design however, it’s not as easy in use as the other hardware wallets. Additionally, it’s an all-new product available on the market.