The cryptocurrency market has seen a significant increase in the amount of wallets that are hardware on the market in recent years, all claims to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is the latest entry into the market and is aiming to differentiate itself from the crowd by providing an unrivalled solution. As cryptocurrency usage grows more commonplace, the need for safe the storage and protection of assets becomes more essential. Ellipal wallet Ellipal wallet is a device which keeps the private keys to digital assets indefinitely, preventing hackers from stealing their assets from a remote location.
Ellipal, the company behind the wallet’s hardware, is a relatively new player in the market. The company raised $55K via the course of an Indiegogo campaign to help fund research and development for their products. The company’s website as well as reviews online claim that their hardware wallet is 100% safe, however it is important to note that the hardware wallets from rival businesses such as TREZOR as well as Ledger are constructed in a manner that no one outside can access your private keys. In the event that, for instance, it is possible to connect your TREZOR on a compromised device which is infected by viruses Your private keys will remain secure and safe.
Ellipal is a unique wallet. 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 via QR codes through an image camera at the rear of the. This makes it a highly secure choice as it removes the possibility of a hacker gaining an access point to your private keys via a network connection. However, it’s worth noting that this also means that the Ellipal wallet isn’t as convenient to use like other wallets on hardware, which can be connected to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is fairly brand new in the marketplace, which implies that it isn’t tested in battle yet. This is something potential buyers must be aware of when purchasing this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR and Ledger) were around for longer and have a established track records of security.
Regarding support for coins in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet supports the following coins: a few which include Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. It is lower than the number of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some users. The company is working to add more support for coins in the future.
In conclusion, it is clear that the Ellipal wallet has been a fresh competitor in the hardware wallet market and promises to be completely safe due to its total isolation from any network or computer. The company behind it is relatively new and the product hasn’t been battle-tested as of yet. The Ellipal wallet supports a limited number of coins, and its price tag of $149 is in line with its competitors. Although the concept of a completely exclusive hardware wallet is appealing, it’s important to consider the track record and security measures of other hardware wallet options before making a decision. Ultimately, the decision of whether or not the Ellipal product is worthwhile for the price is entirely up to the user. It’s a very secure option with a unique design however, it’s not as user-friendly in use as the other hardware wallets, and it’s a relatively new product that’s available.