The world of cryptocurrency has seen a significant increase in the number of wallets that are hardware on the market in recent years. Each promises that digital assets will be secure and safe. Ellipal is one of them. Ellipal wallet is a brand new competitor in the field, and hopes to differentiate from its competitors by offering an unrivalled solution. As the use of cryptocurrency grows more commonplace, the need for safe storage of digital assets becomes increasingly important. It is the Ellipal wallet is a gadget that keeps the private key to digital assets off-line to prevent hackers from taking the keys remotely.
Ellipal, the company behind the hardware wallet is a relatively new competitor in the market. They raised $55K in an Indiegogo campaign to fund the development of their product. The company’s website as well as online reviews state that their hardware wallet is 100% secure, however, it’s important to remember that hardware wallets from rival companies such as TREZOR as well as Ledger are made in a way that no outside attacker can access your private keys. In the event that, for instance, it is possible to connect your TREZOR on a compromised system that is infected with viruses your private keys are still protected and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely isolated from any computer or network that is, it doesn’t have wireless or wired connections. Instead, it transmits QR codes via cameras on its rear end. This makes it a very secure option as it eliminates the possibility of hackers having gain access to private information through the network. However, it’s worth noting that this also means that the Ellipal wallet is not as user-friendly as other hardware wallets that connect to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is relatively recent to market which means that it isn’t tested in battle yet. This is something that potential buyers must keep in mind when considering buying the Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR as well as Ledger) are in business for longer and have proven track record of security.
In terms of coin support In terms of support for coins, 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, as well as ERC20 tokens. It is lower than the coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some buyers. However, the company is currently working on adding the support of more coins in the future.
In conclusion it is clear that Ellipal wallet is a good choice. Ellipal device is an brand new player in the hardware wallet market that claims to be completely safe due to its total inaccessibility to any network or computer. The company behind it is new, and the product hasn’t been battle-tested as of yet. The Ellipal wallet supports a limited number of coins and its price at $149 is comparable with its competitors. While the idea of a completely isolated hardware wallet is intriguing, it’s important to consider the security and track record measures of other hardware wallets prior to making a choice. The final decision about whether or not the Ellipal product is worthwhile for the price is up to the individual. It’s an extremely secure choice with an innovative design, however, it’s not as user-friendly to use as other wallets. Additionally, it’s an all-new product on the market.