The world of cryptocurrency has seen an significant rise in the number of hardware wallets in recent years, all claims to keep digital assets secure and safe. The Ellipal wallet is a new entrant in this field and hopes to differentiate from the crowd by providing a completely isolated solution. As cryptocurrency usage grows more commonplace it is becoming more important to safe security for digital asset storage becomes increasingly crucial. It is the Ellipal wallet can be described as a device that stores the private key to digital assets indefinitely, preventing hackers from stealing their assets from a remote location.
Ellipal the company that developed the hardware wallet is a relatively new competitor in the market. It raised $55K through the course of an Indiegogo campaign to help fund research and development for their products. The company’s website and online reviews state that their hardware wallet is completely secure, but it’s important to note that the hardware wallets of competing companies like TREZOR as well as Ledger are also designed in a way that no one outside can see your private keys. For example, even if you connect your TREZOR with a compromised computer that is infected with viruses your private keys remain safe and secure.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely isolated from any computer or network, meaning it has no wireless or wired connections. Instead, it transmits QR codes via an image camera at the rear of the. This makes it a very safe option since it blocks the possibility of hackers having an access point to your private keys via the network. However, it’s important to remember that this also means that the Ellipal wallet is not as user-friendly like other wallets on hardware that connect to a computer for easy transactions.
The Ellipal wallet costs $149 and is fairly recent to market meaning that it has not been battle-tested yet. This is something potential buyers should be aware of when buying this Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR and Ledger) were around for longer and have proven track record of security.
In terms of support for coin, the Ellipal wallet is currently able to support the following coins: a few which include Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is fewer than the number of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some customers. But, the company is working to provide more support for coins in the near future.
In the end it is clear that Ellipal wallet is a good choice. Ellipal wallet has been a brand new player in the market of hardware wallets that claims to be 100% safe due to its total inaccessibility to any computer or network. The company behind it is relatively new and the product has not been tested in battle yet. The Ellipal wallet is currently compatible with a limited number of coins and its price of $149 is on par with other wallets. While the idea of a totally isolated hardware wallet is intriguing but it’s crucial to look at the history and security features of other hardware wallets before making a decision. The final decision about whether or not the Ellipal product is worthwhile for the price is up to the individual. It’s a safe option with a unique design but it’s not as convenient in use as the other wallets. Additionally, it’s an extremely new product on the market.