The cryptocurrency market has seen an significant increase in the number of hardware wallets in recent years, all promising that digital assets will be safe and secure. Its 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, the need for safe the storage and protection of assets is becoming increasingly crucial. The Ellipal digital wallet gadget that stores the private key to digital assets indefinitely, preventing hackers from stealing the keys from a remote location.
Ellipal the company that developed the wallet’s hardware is a relatively new player in the market. The company raised $55K via the course of an Indiegogo campaign to finance the development of their product. The company’s website and online reviews claim they are 100% secure, but it’s important to remember that hardware wallets of competing companies such as TREZOR as well as Ledger are constructed in a manner that no one outside can access your private keys. For instance, even if you connect your TREZOR on a compromised device that has been infected with viruses Your private keys remain secure and safe.
The Ellipal wallet is distinctive in its design, it is completely isolated from any computer or network, meaning it has no wireless or wired connections. Instead, it communicates via QR codes through a camera on the rear end. This makes it a highly safe option since it blocks the possibility of hackers getting gain access to private information through an internet connection. However, it’s worth noting that this means the Ellipal wallet is not as user-friendly like other wallets on hardware that connect to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is relatively recent to market which means that it isn’t combat-tested to date. This is something that potential buyers need to be aware of when buying the Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR as well as Ledger) are on the market for longer and have established track records of security.
In terms of support for coin In terms of support for coins, the Ellipal wallet is currently able to support a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. It is lower than the amount of coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some users. But, the company is working to add more support for coins in the future.
In conclusion, Ellipal wallet is a good choice. Ellipal wallet is a brand new player in the market for hardware wallets and promises to be 100% safe due to its total inaccessibility to any network or computer. Its creators are new and the product hasn’t been battle-tested yet. The Ellipal wallet is currently compatible with a limited number of coins and its price of $149 is in line with the other options. Although the concept of a fully exclusive hardware wallet is appealing however, you should consider the track record and security features of other hardware wallets before making a decision. In the end, the decision on whether or not the Ellipal product is worthwhile for the cost is entirely up to the user. It’s an extremely secure choice that has a modern design but it’s not as convenient for use like other wallets. Additionally, it’s an all-new product available on the market.