The cryptocurrency market has witnessed an significant increase in the amount of wallets that are hardware on the market in recent years, all promising that digital assets will be secure and safe. The Ellipal wallet is a brand new entry into the market and aims to stand out from the crowd by providing an entirely separate solution. As cryptocurrency usage grows more commonplace and more commonplace, the need for secure storage of digital assets becomes more crucial. It is the Ellipal wallet is a tool which keeps the private keys to digital assets offline and prevents hackers from taking their assets from a remote location.
Ellipal the company that developed the hardware wallet is a relatively young player in the market. They raised $55K in an Indiegogo campaign to fund research and development for their products. The company’s website and online reviews claim the hardware wallet as completely secure, however, it’s important to keep in mind that hardware wallets of rival companies like TREZOR and Ledger are also designed in a way that no one outside can view your private key. For instance, even if the TREZOR is connected TREZOR with a compromised device that is infected with viruses Your private keys are still secure and safe.
The Ellipal wallet is unique in its design, it is completely disconnected from any network or computer, meaning it has no wired or wireless connectivity. Instead, it transmits QR codes through a camera on the back of the. This makes it an extremely secure choice as it removes the possibility of a hacker gaining 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 convenient to use as other hardware wallets that can be linked to a computer for simple transactions.
The Ellipal wallet costs $149 and is relatively new to the market, meaning that it isn’t tested in battle yet. This is something that potential buyers need to take into consideration when purchasing the Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR and Ledger) have been around for longer and have an established track record of security.
Regarding support for coins in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports only a small number of coins which include Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is less than the amount of coins supported by its competitors, TREZOR and Ledger, which might be a worry for some customers. The company is working to add support for more coins in the near future.
In conclusion, it is clear that the Ellipal wallet is a fresh competitor in the hardware wallet market, promising to be completely secure because of its complete separation from any computer or network. Ellipal is a company that’s new, and the product hasn’t been tested in battle yet. The Ellipal wallet supports a limited number of coins, and its price tag of $149 is on par with the other options. While the idea of a totally separated hardware wallet sounds appealing however, you should consider the track record and security measures of other wallets prior to making a choice. The final decision about whether or not the Ellipal wallet is worth the price is up to the individual. It’s a very secure option with an innovative design, but it’s not as convenient to use as other wallets. Additionally, it’s a relatively new product available on the market.