The cryptocurrency market has seen an significant increase in the amount of hardware wallets in recent years, each claims that digital assets will be safe and secure. The Ellipal wallet is a new competitor in the field, and aims to stand out from its rivals by providing an unrivalled solution. As the use of cryptocurrency is becoming more widespread it is becoming more important to secure security for digital asset storage is becoming increasingly important. The Ellipal wallet can be described as a tool that keeps the private key to digital assets off-line and prevents hackers from taking their assets remotely.
Ellipal the company that developed the hardware wallet is a relatively new competitor in the market. It raised $55K through an Indiegogo campaign to help fund research and development for their products. The website of the company and its reviews online claim they are completely safe, however it is important to remember that hardware wallets of rival businesses like TREZOR and Ledger are also designed in a way that no attacker from outside is able to access your private keys. For instance, even if it is possible to connect your TREZOR to a compromised system which is infected by viruses your private keys remain safe and secure.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely unconnected to any network or computer, meaning it has no wired or wireless connectivity. Instead, it communicates through QR codes through a camera on the rear of the. This makes it a highly secure option as it eliminates the possibility of a hacker getting an access point to your private keys by an internet connection. However, it’s important to remember that this could mean that the Ellipal wallet is not as user-friendly like other wallets on hardware, which can be connected to a computer for easy transactions.
The Ellipal wallet retails for $149. It is fairly recent to market which means that it’s not tested in battle yet. This is something potential buyers need to keep in mind when considering purchasing this Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR and Ledger) are around for longer and have a established track records of security.
Regarding support for coins, the Ellipal wallet supports the following coins: a few that are supported, such as Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. It is lower than the amount of coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some buyers. But, the company is working to provide support for more coins in the near future.
In the end it is clear that the Ellipal wallet is a new player in the market of hardware wallets and promises to be 100% safe due to its total isolation from any network or computer. The company behind it is relatively new and the product hasn’t been battle-tested as of yet. The Ellipal wallet is currently compatible with a limited number of coins and the price of $149 is in line with the other options. While the idea of a completely isolated hardware wallet is intriguing but it’s crucial to look at the history and security measures of other wallets before making a choice. Ultimately, the decision of whether or not the Ellipal device is well worth the price is up to the individual. It’s an extremely secure choice with a unique design however, it’s not as easy to use as other hardware wallets. It’s also an all-new product that’s available.