The cryptocurrency market has witnessed a significant increase in the amount of hardware wallets in recent years, all claims to keep digital assets safe and secure. Its Ellipal wallet is the latest entrant in this field and is aiming to differentiate itself from the crowd by providing an unrivalled solution. As cryptocurrency usage is becoming more widespread and more commonplace, the need for secure storage of digital assets becomes more important. It is the Ellipal wallet is a device that keeps the private key to digital assets offline and prevents hackers from taking them 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 finance research and development for their products. The website of the company and its online reviews claim the hardware wallet as completely secure, but it’s important to keep in mind that hardware wallets of rival companies such as TREZOR and Ledger are also designed in a way that no attacker from outside is able to access your private keys. For example, even if you connect your TREZOR to a compromised computer which is infected by viruses, your private keys remain safe and secure.
The Ellipal wallet is unique in its design, it is completely unconnected to any computer or network which means it does not have wireless or wired connectivity. Instead, it transmits QR codes using cameras on its rear of the. This makes it an extremely secure choice as it removes the possibility of hackers gaining an access point to your private keys via an internet connection. It’s important to note that this means the Ellipal wallet is not so user-friendly as other wallets that are hardware-based that can be linked to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is fairly recent to market which implies that it’s not combat-tested to date. This is something potential buyers need to take into consideration when purchasing Ellipal. Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR and Ledger) were on the market for longer and have proven track record of security.
In terms of support for coin In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet supports only a small number of coins, including Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is fewer than the coins supported by its competitors, TREZOR and Ledger, which could be a problem for some customers. However, the company is currently working on adding support for more coins in the future.
In the end, Ellipal wallet is a good choice. Ellipal wallet has been a new player in the hardware wallet market, promising to be completely secure because of its complete separation from any computer or network. The company behind it is relatively new, and the product has not been tested in battle yet. The Ellipal wallet is currently compatible with a limited number of coins and its price at $149 is comparable with other wallets. While the idea of a totally isolated hardware wallet is intriguing, it’s important to consider the security and track record features of other hardware wallet options before making a choice. Ultimately, the decision of whether the Ellipal product is worthwhile for the price is entirely up to the user. It’s a safe option with an innovative design, however, it’s not as user-friendly to use as other hardware wallets. Additionally, it’s a relatively new product that’s available.