The world of cryptocurrency has witnessed a significant increase in the number of wallets that are hardware on the market in recent years, all promises that digital assets will be secure and safe. The Ellipal wallet is a brand new entrant in this field and hopes to differentiate from the crowd by providing an entirely separate solution. As the use of cryptocurrency is becoming more widespread it is becoming more important to safe storage of digital assets becomes increasingly important. The Ellipal wallet is a tool that keeps the private key to digital assets off-line, preventing hackers from stealing them remotely.
Ellipal the company that developed the hardware wallet, is a relatively new player in the market. They raised $55K in the course of an Indiegogo campaign to finance its development. The company’s website as well as online reviews claim the hardware wallet as completely secure, but it’s important to note that the hardware wallets of rival companies such as TREZOR as well as Ledger are constructed in a manner that no one outside can view your private key. For example, even if it is possible to connect your TREZOR on a compromised system that is infected with viruses your private keys are still secure and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely disconnected from any network or computer that is, it doesn’t have wired or wireless connectivity. Instead, it transmits QR codes via cameras on its back of the. This makes it a very secure option as it eliminates the possibility of hackers getting gain access to private information through a network connection. However, it’s important to remember that this also means that the Ellipal wallet isn’t so user-friendly as other hardware wallets that can be linked to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is fairly brand new in the marketplace, which means that it has not been combat-tested to date. This is something potential buyers need to be aware of when buying this Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR as well as Ledger) have been around for longer and have a proven track record of security.
Regarding support for coins, the Ellipal wallet is currently able to support only a small number of coins, including Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. It is lower than the number of coins supported by its competitors, TREZOR and Ledger, which may be a concern for some buyers. The company is currently working on adding the support of more coins in the future.
In the end it is clear that it is clear that the Ellipal device is an fresh competitor in the market of hardware wallets and promises that it is 100% secure because of its complete inaccessibility to any network or computer. The company behind it is relatively new, and the product hasn’t been battle-tested yet. The Ellipal wallet currently supports the use of a small number of coins and the price of $149 is on par with the other options. While the idea of a completely exclusive hardware wallet is appealing however, you should consider the history and security features of other hardware wallets prior to making a choice. The final decision about whether or not the Ellipal wallet is worth the cost is entirely up to the user. It’s an extremely secure choice that has a modern design however, it’s not as easy in use as the other hardware wallets, and it’s an extremely new product available on the market.