The world of cryptocurrency has seen an significant increase in the amount of hardware wallets on the market in recent years, all claims to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a brand new entry into the market and aims to stand out from its rivals by providing an entirely separate solution. As cryptocurrency usage is becoming more widespread it is becoming more important to secure security for digital asset storage becomes increasingly essential. It is the Ellipal wallet can be described as a device which keeps the private keys to digital assets offline and prevents hackers from taking their assets from a remote location.
Ellipal the company that developed the wallet’s hardware component, is a relatively new player in the market. It raised $55K through the course of an Indiegogo campaign to help fund its development. The company’s website as well as online reviews claim the hardware wallet as 100% secure, however, it’s important to keep in mind that hardware wallets from rival firms like TREZOR and Ledger are constructed in a manner that no outside attacker can access your private keys. For instance, even if the TREZOR is connected TREZOR with a compromised system which is infected by viruses, your private keys are still safe and secure.
Ellipal is a unique wallet. Ellipal wallet is unique in its design. It is completely unconnected to any network or computer which means it does not have wireless or wired connectivity. Instead, it communicates through QR codes using an image camera at the rear of the. This makes it an extremely secure option as it eliminates the possibility of a hacker having access to the private key through an internet connection. It’s important to note that this means the Ellipal wallet isn’t as user-friendly as other hardware wallets that connect to a computer for easy transactions.
The Ellipal wallet retails for $149. It is relatively new to the market, which implies that it has not been tested in battle yet. This is something prospective buyers should be aware of when buying the Ellipal wallet. Comparatively, both of the leading hardware wallet makers today (TREZOR and Ledger) have been around for longer and have an established track record of security.
Regarding support for coins in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports a limited number of coins which include Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is fewer than the amount of coins supported by its competitors, TREZOR and Ledger, which might be a worry for some buyers. But, the company is currently working on adding more support for coins in the near future.
In the end, Ellipal wallet is a good choice. Ellipal wallet is a fresh player on the hardware wallet market and promises to be completely secure due to its complete isolation from any computer or network. Ellipal is a company that’s new and the product has not been tested in battle yet. The Ellipal wallet supports a limited number of coins, and its price tag at $149 is comparable with other wallets. While 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 hardware wallets prior to making a choice. The final decision about whether the Ellipal product is worthwhile for the price is up to the individual. It’s a safe option with an innovative design, however, it’s not as easy to use as other wallets. It’s also an extremely new product that’s available.