The cryptocurrency market has witnessed an significant increase in the amount of wallets that are hardware in recent years, all promising that digital assets will be safe and secure. Ellipal is one of them. Ellipal wallet is a new entry into the market and aims to stand out from its competitors by offering an entirely separate solution. As the use of cryptocurrency is becoming more widespread it is becoming more important to safe storage of digital assets is becoming increasingly crucial. The Ellipal digital wallet device that keeps the private key to digital assets offline, preventing hackers from stealing the keys from a remote location.
Ellipal, the company behind the hardware wallet is a relatively new company on the market. The company raised $55K via the course of an Indiegogo campaign to help fund its development. The company’s website as well as online reviews state that their hardware wallet is completely safe, however it is important to remember that hardware wallets of competing firms like TREZOR as well as Ledger are constructed in a manner that no outside attacker can view your private key. For example, even if the TREZOR is connected TREZOR to a compromised computer that is infected with viruses Your private keys are still protected and safe.
Its 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 transmits QR codes using an image camera at the rear end. This makes it an extremely secure choice as it removes the possibility of a hacker having gain access to private information via an internet connection. However, it’s worth noting that this also means that the Ellipal wallet isn’t as user-friendly like other wallets on hardware, which can be connected to a computer for simple transactions.
The Ellipal wallet retails for $149. It is fairly recent to market which means that it’s not combat-tested to date. This is something potential buyers need to take into consideration when buying Ellipal. Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR and Ledger) are in business for a longer time and have a an established track record of security.
In terms of support for coin In terms of support for coins, the Ellipal wallet supports a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin along with 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 customers. However, the company is working to add support for more coins in the near future.
In conclusion, Ellipal wallet is a good choice. Ellipal device is an brand new player in the hardware wallet market, promising to be completely safe due to its total isolation from any network or computer. 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 the price of $149 is in line with its competitors. Although the concept of a totally exclusive hardware wallet is appealing however, you should consider the security and track record features of other hardware wallet options before making a choice. Ultimately, the decision of whether the Ellipal wallet is worth the cost is entirely up to the user. It’s a safe option that has a modern design however, it’s not as user-friendly in use as the other wallets. Additionally, it’s a relatively new product on the market.