The cryptocurrency market has seen a significant increase in the amount of hardware wallets available on the market in recent years, all promises that digital assets will be secure and safe. Ellipal is one of them. Ellipal wallet is a brand new entrant in this field and aims to stand out from its competitors by offering a completely isolated solution. As the use of cryptocurrency is becoming more widespread it is becoming more important to secure security for digital asset storage becomes increasingly important. The Ellipal digital wallet tool that stores the private key to digital assets off-line, preventing hackers from stealing the keys from a remote location.
Ellipal, the company behind the wallet’s hardware is a relatively young competitor in the market. It raised $55K through an Indiegogo campaign to help fund its development. The company’s website and online reviews state the hardware wallet as completely safe, however it is important to note that the hardware wallets of competing firms like TREZOR as well as Ledger are constructed in a manner that no outside attacker can see your private keys. For instance, even if you connect your TREZOR to a compromised device that is infected with viruses Your private keys are still protected and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely isolated from any computer or network, meaning it has no wired or wireless connectivity. Instead, it transmits QR codes through a camera on the rear of the. This makes it a highly secure choice as it removes the possibility of a hacker getting gain access to private information by an internet connection. However, it’s important to remember that this means the Ellipal wallet isn’t as user-friendly as other hardware wallets that connect to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is relatively new to the market, which means that it’s not battle-tested yet. This is something prospective buyers should take into consideration when purchasing this Ellipal wallet. Comparatively, both of the leading hardware wallet makers today (TREZOR and Ledger) have been in business for longer and have proven track record of security.
In terms of support for coin In terms of support for coins, the Ellipal wallet currently supports only a small number of coins, including Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is less than the coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some users. But, the company is working to add support for more coins in the near future.
In the end it is clear that it is clear that the Ellipal device is an fresh player in the market for hardware wallets that claims that it is 100% safe due to its total inaccessibility to any network or computer. Ellipal is a company that’s relatively new and the product hasn’t been battle-tested yet. The Ellipal wallet supports a limited number of coins and its price of $149 is in line with its competitors. Although the concept of a completely separated hardware wallet sounds appealing but it’s crucial to look at the history and security measures of other wallets before making a decision. The final decision about whether or not the Ellipal product is worthwhile for the cost is up to the individual. It’s an extremely secure choice with an innovative design, however, it’s not as easy for use like other wallets. Additionally, it’s an extremely new product on the market.