The world of cryptocurrency has witnessed a significant increase in the number of wallets that are hardware on the market in recent years. Each promises to keep digital assets safe and secure. The Ellipal wallet is the latest competitor in the field, and hopes to differentiate from the crowd by providing an unrivalled solution. As cryptocurrency usage is becoming more widespread and more commonplace, the need for secure security for digital asset storage is becoming increasingly essential. It is the Ellipal wallet can be described as a device that stores the private key to digital assets indefinitely and prevents hackers from taking their assets from a remote location.
Ellipal the company that developed the wallet’s hardware is a relatively young company on the market. They raised $55K in an Indiegogo campaign to finance its development. The website of the company and its online reviews claim that their hardware wallet is completely secure, however, it’s important to note that the hardware wallets from rival companies like TREZOR as well as Ledger are constructed in a manner that no outside attacker can access your private keys. In the event that, for instance, it is possible to connect your TREZOR to a compromised computer which is infected by viruses, your private keys will remain secure and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design. It is completely disconnected from any computer or network, meaning it has no wireless or wired connections. Instead, it communicates through QR codes via a camera on the rear end. This makes it an extremely safe option since it blocks the possibility of a hacker gaining an access point to your private keys by the network. However, it’s important to remember that this could mean that the Ellipal wallet is not so user-friendly as other wallets that are hardware-based that can be linked to a computer to facilitate transactions.
The Ellipal wallet costs $149 and is relatively new to the market, meaning that it isn’t battle-tested yet. This is something potential buyers must keep in mind when considering buying the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR as well as Ledger) are on the market for a longer time and have a proven track record of security.
Regarding support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is fewer than the amount of coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some customers. However, the company is working to add support for more coins in the near future.
In the end In conclusion, Ellipal wallet is a good choice. Ellipal device is an brand new player in the market for hardware wallets, promising that it is 100% safe due to its total isolation from any network or computer. Its creators are relatively new, and the product hasn’t been tested in battle yet. The Ellipal wallet supports the use of a small number of coins and the price of $149 is on par with its competitors. While the idea of a fully separated hardware wallet sounds appealing however, you should consider the history and security measures of other wallet options before making a decision. The final decision about whether or not the Ellipal device is well worth the price is up to the person who buys it. It’s an extremely secure choice with an innovative design, however, it’s not as easy to use as other hardware wallets. It’s also an all-new product that’s available.