The world of cryptocurrency has witnessed a significant rise in the number of wallets that are hardware on the market in recent years, all claims to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a brand new entry into the market and aims to stand out from its rivals by providing a completely isolated solution. As cryptocurrency usage becomes more mainstream and more commonplace, the need for safe the storage and protection of assets is becoming increasingly essential. Ellipal wallet Ellipal digital wallet tool which keeps the private keys to digital assets indefinitely and prevents hackers from taking their assets remotely.
Ellipal, the company behind the hardware wallet, is a relatively new player in the market. The company raised $55K via an Indiegogo campaign to fund its development. The company’s website as well as online reviews claim they are 100% secure, but it’s important to remember that hardware wallets from rival businesses 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, the TREZOR is connected TREZOR on a compromised device that has been infected with viruses, your private keys will remain secure and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely disconnected from any network or computer, meaning it has no wireless or wired connectivity. Instead, it communicates through QR codes using a camera on the back of the. This makes it a very secure option as it eliminates the possibility of a hacker having gain access to private information by the network. However, it’s important to remember that this could mean that the Ellipal wallet is not so user-friendly as other hardware wallets that can be linked to a computer for simple transactions.
The Ellipal wallet retails for $149. It is relatively recent to market meaning that it has not been combat-tested to date. This is something prospective buyers should take into consideration when purchasing the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR and Ledger) are in business for longer and have established track records of security.
Regarding support for coins In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, along with 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 support for more coins in the near future.
In the end it is clear that it is clear that the Ellipal wallet is a new player on the hardware wallet market that claims that it is 100% secure because of its complete separation from any computer or network. Ellipal is a company that’s relatively new and the product hasn’t been tested in battle yet. The Ellipal wallet currently supports only a few coins, and its price tag at $149 is comparable with the other options. Although the idea of a totally separated hardware wallet sounds appealing however, you should consider the track record and security features of other hardware wallets prior to making a decision. Ultimately, the decision of whether or not the Ellipal device is well worth the cost is up to the person who buys it. It’s a safe option with an innovative design, however, it’s not as easy for use like other wallets. It’s also an extremely new product that’s available.