The world of cryptocurrency has seen a significant rise in the number of wallets that are hardware on the market in recent years, each claims to keep digital assets secure and safe. Its Ellipal wallet is the latest entry into the market and aims to stand out from its rivals by providing an entirely separate solution. As the use of cryptocurrency is becoming more widespread, the need for safe security for digital asset storage becomes more essential. It is the Ellipal wallet is a tool which keeps the private keys to digital assets off-line to prevent hackers from taking the keys from a remote location.
Ellipal, the company behind the wallet’s hardware is a relatively new company on the market. They raised $55K in an Indiegogo campaign to finance the development of their product. The company’s website as well as reviews online claim they are 100% safe, however it is important to keep in mind that hardware wallets of competing firms like TREZOR and Ledger are constructed in a manner that no one outside can access your private keys. For example, even if you connect your TREZOR to a compromised device that has been infected with viruses Your private keys remain protected and safe.
The Ellipal wallet is unique in its design, it is completely isolated from any network or computer that is, it doesn’t have wireless or wired connectivity. Instead, it communicates through QR codes using an image camera at the rear of the. This makes it a highly secure option as it eliminates the possibility of a hacker having gain access to private information via a network connection. It’s important to note that this could mean that the Ellipal wallet is not as user-friendly like other wallets on hardware that can be linked to a computer for simple transactions.
The Ellipal wallet retails for $149. It is relatively brand new in the marketplace, which means that it isn’t tested in battle yet. This is something that potential buyers need to take into consideration when purchasing Ellipal. Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR and Ledger) have been around for longer and have a an established track record of security.
In terms of coin support In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports the following coins: a few that are supported, such as Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is fewer than the coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some users. The company is currently working on adding support for more coins in the future.
In the end In conclusion, Ellipal wallet is a good choice. Ellipal wallet is a fresh player in the market for hardware wallets that claims to be 100% safe due to its total isolation from any computer or network. Ellipal is a company that’s relatively new and the product has not been battle-tested as of yet. The Ellipal wallet supports a limited number of coins and its price at $149 is comparable with the other options. Although the concept of a completely separated hardware wallet sounds appealing however, you should consider the security and track record features of other hardware wallet options before making a decision. Ultimately, the decision of whether or not the Ellipal device is well worth the cost is up to the individual. It’s an extremely secure choice that has a modern design however, it’s not as user-friendly for use like other hardware wallets. It’s also an all-new product available on the market.