The world of cryptocurrency has seen an significant increase in the number of hardware wallets available in recent years, each claims that digital assets will be safe and secure. Ellipal is one of them. Ellipal wallet is a new entry into the market and is aiming to differentiate itself from its rivals by providing an entirely separate solution. As cryptocurrency usage becomes more mainstream, the need for safe storage of digital assets becomes more essential. It is the Ellipal wallet can be described as a gadget that keeps the private key to digital assets offline, preventing hackers from stealing them remotely.
Ellipal the company that developed the hardware wallet is a relatively new player in the market. It raised $55K through an Indiegogo campaign to finance the development of their product. The website of the company and its reviews online claim they are completely safe, however it is important to remember that hardware wallets of competing firms like TREZOR as well as Ledger are also designed in a way that no one outside can access your private keys. In the event that, for instance, you connect your TREZOR with a compromised device which is infected by viruses Your private keys are still secure and safe.
Its Ellipal wallet is distinctive in its design, it is completely disconnected from any computer or network which means it does not have wireless or wired connections. Instead, it transmits QR codes using an image camera at the rear of the. This makes it an extremely secure choice as it removes the possibility of hackers having access to the private key via a network connection. However, it’s worth noting that this means the Ellipal wallet is not so user-friendly as other hardware wallets, which can be connected to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is relatively brand new in the marketplace, meaning that it isn’t tested in battle yet. This is something prospective buyers must be aware of when purchasing the Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR and Ledger) were on the market for longer and have a proven track record of security.
In terms of coin support in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is less than the amount of coins supported by its competitors, TREZOR and Ledger, which might be a worry for some buyers. However, the company is currently working on adding more support for coins in the near future.
In conclusion In conclusion, Ellipal wallet is a good choice. Ellipal device is an brand 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 relatively new and the product has not been battle-tested as of yet. The Ellipal wallet currently supports only a few coins and its price of $149 is on par with its competitors. Although the concept of a completely separated hardware wallet sounds appealing, it’s important to consider the security and track record measures of other wallet options before making a decision. In the end, the decision on whether or not the Ellipal device is well worth the price is up to the individual. It’s an extremely secure choice that has a modern design however, it’s not as easy in use as the other hardware wallets. Additionally, it’s a relatively new product available on the market.