The cryptocurrency market has witnessed a significant rise in the number of hardware wallets in recent years, each claims that digital assets will be secure and safe. Ellipal is one of them. Ellipal wallet is a brand new competitor in the field, and is aiming to differentiate itself from the crowd by providing an unrivalled solution. As cryptocurrency usage is becoming more widespread and more commonplace, the need for safe storage of digital assets becomes increasingly crucial. Ellipal wallet Ellipal wallet is a device that keeps the private key to digital assets indefinitely, preventing hackers from stealing their assets remotely.
Ellipal the company that developed the wallet’s hardware component is a relatively young competitor in the market. They raised $55K in the course of an Indiegogo campaign to help fund the development of their product. The company’s website and reviews online claim they are 100% secure, but it’s important to remember that hardware wallets of rival businesses such as TREZOR and Ledger are also designed in a way that no attacker from outside is able to access your private keys. For example, even if it is possible to connect your TREZOR with a compromised system which is infected by viruses Your private keys remain protected and safe.
The Ellipal wallet is unique in its design, it is completely unconnected to any computer or network that is, it doesn’t have wireless or wired connections. Instead, it communicates through QR codes through cameras on its rear of the. This makes it a very safe option since it blocks the possibility of hackers gaining access to the private key via a network connection. However, it’s worth noting that this means the Ellipal wallet is not as convenient to use as other wallets that are hardware-based that can be linked to a computer for easy transactions.
The Ellipal wallet costs $149 and is fairly brand new in the marketplace, which implies that it’s not combat-tested to date. This is something that potential buyers should keep in mind when considering buying this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR and Ledger) have been around for longer and have established track records of security.
In terms of support for coin, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports only a small number of coins, including Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. It is lower than the coins supported by its competitors, TREZOR and Ledger, which may be a concern for some buyers. But, the company is working to add the support of more coins in the future.
In the end, Ellipal wallet is a good choice. Ellipal device is an fresh player on the hardware wallet market, promising to be 100% secure because of its complete isolation from any computer or network. Its creators are new, and the product has not been battle-tested as of yet. The Ellipal wallet currently supports only a few coins, and its price tag at $149 is comparable with the other options. While the idea of a completely isolated hardware wallet is intriguing however, you should consider the track record and security measures of other hardware wallets prior to making a decision. Ultimately, the decision of whether the Ellipal product is worthwhile for the price is entirely up to the user. It’s a safe option with a unique design however, it’s not as user-friendly to use as other wallets. Additionally, it’s an extremely new product that’s available.