The world of cryptocurrency has seen a significant increase in the amount of hardware wallets on the market in recent years, each promising to keep digital assets secure and safe. The Ellipal wallet is the latest competitor in the field, and hopes to differentiate from the crowd by providing an unrivalled solution. As the use of cryptocurrency grows more commonplace it is becoming more important to safe security for digital asset storage is becoming increasingly essential. It is the Ellipal wallet is a tool that stores the private key to digital assets indefinitely and prevents hackers from taking the keys from a remote location.
Ellipal the company that developed the hardware wallet, is a relatively new player in the market. The company raised $55K via an Indiegogo campaign to finance its development. The website of the company and its online reviews claim they are completely secure, however, it’s important to keep in mind that hardware wallets of competing businesses like TREZOR and Ledger are constructed in a manner that no attacker from outside is able to see your private keys. For instance, even if it is possible to connect your TREZOR with a compromised computer which is infected by viruses Your private keys are still secure and safe.
The Ellipal wallet is unique in its design, it is completely unconnected to any network or computer that is, it doesn’t have wired or wireless connectivity. Instead, it communicates through QR codes using a camera on the back 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 by the network. It’s important to note that this could mean that the Ellipal wallet isn’t so user-friendly as other wallets that are hardware-based, 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 means that it isn’t tested in battle yet. This is something that potential buyers need to keep in mind when considering buying the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR and Ledger) have been around for a longer time and have a an established track record of security.
Regarding support for coins in terms of coin support, the Ellipal wallet supports only a small number of coins, including Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is fewer than the amount of coins supported by its competitors, TREZOR and Ledger, which might be a worry for some users. But, the company is working to provide more support for coins in the near future.
In the end In conclusion, Ellipal wallet is a good choice. Ellipal wallet is a fresh player on the market of hardware wallets and promises to be completely safe due to its total inaccessibility to any computer or network. Its creators are relatively new and the product has not been battle-tested yet. The Ellipal wallet supports only a few coins and the price of $149 is on par with the other options. While the idea of a totally exclusive hardware wallet is appealing however, you should consider the track record and security features of other hardware wallet options before making a choice. The final decision about whether the Ellipal device is well worth the cost is entirely up to the user. It’s an extremely secure choice with a unique design however, it’s not as easy to use as other wallets. Additionally, it’s an extremely new product that’s available.