The world of cryptocurrency has seen a significant increase in the number of hardware wallets in recent years, each promises to keep digital assets safe and secure. The Ellipal wallet is a new competitor in the field, and hopes to differentiate from the crowd by providing a completely isolated solution. As cryptocurrency usage grows more commonplace and more commonplace, the need for safe storage of digital assets is becoming increasingly essential. It is the Ellipal digital wallet gadget which keeps the private keys 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 competitor in the market. They raised $55K in an Indiegogo campaign to finance the development of their product. The company’s website as well as online reviews state that their hardware wallet is 100% safe, however it is important to remember that hardware wallets from rival companies such as TREZOR as well as Ledger are made in a way that no one outside can access your private keys. For example, even if it is possible to connect your TREZOR with a compromised device which is infected by viruses, your private keys remain secure and safe.
Its Ellipal wallet is distinctive in its design, it is completely isolated from any computer or network which means it does not have wireless or wired connectivity. Instead, it transmits QR codes through cameras on its rear end. This makes it a highly secure option as it eliminates the possibility of a hacker getting access to the private key by an internet connection. It’s important to note that this could mean that the Ellipal wallet isn’t as user-friendly as other wallets that are hardware-based that connect to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is fairly recent to market which means that it has not been combat-tested to date. This is something that potential buyers must take into consideration when purchasing this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers of today (TREZOR and Ledger) have been in business for longer and have a 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 a limited number of coins which include Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is less than the coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some customers. The company is working to add the support of more coins in the near future.
In conclusion, Ellipal wallet is a good choice. Ellipal wallet has been a new player on the hardware wallet market that claims to be 100% secure due to its complete inaccessibility to any computer or network. Ellipal is a company that’s relatively new, and the product has not been battle-tested yet. The Ellipal wallet currently supports only a few coins and its price at $149 is comparable with other wallets. Although the concept of a completely exclusive hardware wallet is appealing however, you should consider the security and track record features of other hardware wallets prior to making a choice. Ultimately, the decision of whether the Ellipal device is well worth the cost is up to the person who buys it. It’s a very secure option with a unique design but it’s not as convenient to use as other wallets, and it’s an all-new product on the market.