The world of cryptocurrency has witnessed a significant rise in the number of hardware wallets available on the market in recent years, all promises that digital assets will be safe and secure. Ellipal is one of them. Ellipal wallet is a new entrant in this field and hopes to differentiate from the crowd by providing a completely isolated solution. As the use of cryptocurrency is becoming more widespread and more commonplace, the need for safe storage of digital assets becomes more essential. Ellipal wallet Ellipal wallet is a device which keeps the private keys to digital assets off-line, preventing hackers from stealing the keys remotely.
Ellipal the company that developed the wallet’s hardware component is a relatively new player in the market. The company raised $55K via the course of an Indiegogo campaign to help fund the development of their product. The company’s website as well as reviews online claim the hardware wallet as completely secure, however, it’s important to remember that hardware wallets from rival businesses like TREZOR as well as Ledger are also designed in a way that no attacker from outside is able to view your private key. In the event that, for instance, the TREZOR is connected TREZOR to a compromised system that is infected with viruses your private keys will remain protected and safe.
Its Ellipal wallet is unique in its design, it is completely isolated from any computer or network, meaning it has no wired or wireless connectivity. Instead, it communicates through QR codes through cameras on its back of the. This makes it a highly safe option since it blocks the possibility of a hacker gaining gain access to private information by the network. However, it’s worth noting that this could mean that the Ellipal wallet isn’t as user-friendly like other wallets on hardware, which can be connected to a computer to facilitate transactions.
The Ellipal wallet retails for $149. It is fairly recent to market which implies that it has not been battle-tested yet. This is something potential buyers need to take into consideration when buying this Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR and Ledger) are around for a longer time and have a established track records of security.
In terms of coin support In terms of support for coins, the Ellipal wallet is currently able to support the following coins: a few that are supported, such as Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is fewer than the number 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 provide the support of more coins in the future.
In conclusion, Ellipal wallet is a good choice. Ellipal wallet is a brand new player on the hardware wallet market that claims to be completely secure due to its complete 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 supports only a few coins, and its price tag of $149 is on par with the other options. While the idea of a completely exclusive hardware wallet is appealing however, you should consider the security and track record measures of other hardware wallets prior to making a choice. Ultimately, the decision of whether or not the Ellipal wallet is worth the price is entirely up to the user. It’s an extremely secure choice with a unique design however, it’s not as easy to use as other hardware wallets, and it’s a relatively new product that’s available.