The world of cryptocurrency has seen an significant increase in the number of wallets that are hardware in recent years. Each claims to keep digital assets safe and secure. Its Ellipal wallet is a new competitor in the field, and aims to stand out from the crowd by providing an entirely separate solution. As cryptocurrency usage becomes more mainstream, the need for safe storage of digital assets becomes more essential. The Ellipal wallet can be described as a gadget which keeps the private keys to digital assets off-line and prevents hackers from taking their assets remotely.
Ellipal, the company behind the wallet’s hardware component is a relatively new player in the market. They raised $55K in an Indiegogo campaign to finance research and development for their products. The company’s website and reviews online claim they are 100% secure, but it’s important to note that the hardware wallets from rival businesses like TREZOR and Ledger are made in a way that no outside attacker can see your private keys. In the event that, for instance, the TREZOR is connected TREZOR to a compromised device that is infected with viruses your private keys will remain safe and secure.
Its Ellipal wallet is unique in its design. It is completely unconnected to any computer or network, meaning it has no wireless or wired connections. Instead, it transmits QR codes using a camera on the rear end. This makes it an extremely secure choice as it removes the possibility of a hacker getting gain access to private information via an internet connection. It’s important to note that this also means that the Ellipal wallet is not so user-friendly as other wallets that are hardware-based that can be linked to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is relatively new to the market, meaning that it isn’t tested in battle yet. This is something potential buyers need to take into consideration when purchasing the Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR and Ledger) were on the market for longer and have an established track record of security.
In terms of support for coin 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, along with ERC20 tokens. This is less than the coins supported by its competitors, TREZOR and Ledger, which might be a worry for some users. The company is working to add support for more coins in the near future.
In conclusion In conclusion, Ellipal wallet is a good choice. Ellipal wallet is a new competitor in the market for hardware wallets that claims that it is 100% secure due to its complete inaccessibility to any network or computer. Ellipal is a company that’s new, and the product hasn’t been battle-tested yet. The Ellipal wallet is currently compatible with a limited number of coins and the price at $149 is comparable with other wallets. Although the idea of a completely separated hardware wallet sounds appealing, it’s important to consider the security and track record measures of other hardware wallet options before making a choice. Ultimately, the decision of whether or not the Ellipal wallet is worth the price is up to the individual. It’s a very secure option with a unique design however, it’s not as user-friendly to use as other hardware wallets. Additionally, it’s an extremely new product on the market.