The cryptocurrency market has witnessed an significant increase in the number of hardware wallets available on the market in recent years, each promises that digital assets will be safe and secure. Ellipal is one of them. Ellipal wallet is the latest entrant in this field and is aiming to differentiate itself from its rivals by providing an entirely separate solution. As the use of cryptocurrency is becoming more widespread, the need for secure storage of digital assets becomes more crucial. It is the Ellipal wallet can be described as a gadget that keeps the private key to digital assets indefinitely and prevents hackers from taking the keys from a remote location.
Ellipal the company that developed the wallet’s hardware is a relatively new competitor in the market. They raised $55K in the course of an Indiegogo campaign to help fund its development. The website of the company and its online reviews state the hardware wallet as completely secure, but it’s important to remember that hardware wallets from rival businesses such as TREZOR as well as Ledger are made in a way that no attacker from outside is able to view your private key. In the event that, for instance, you connect your TREZOR on a compromised device that has been infected with viruses Your private keys will 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 using an image camera at the rear end. This makes it a highly safe option since it blocks the possibility of a hacker gaining access to the private key by the network. However, it’s worth noting that this could mean that the Ellipal wallet isn’t so user-friendly as other wallets that are hardware-based that can be linked to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is relatively recent to market meaning that it isn’t tested in battle yet. This is something prospective buyers should keep in mind when considering buying Ellipal. Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers of today (TREZOR as well as Ledger) have been around for longer and have established track records of security.
In terms of coin support in terms of coin support, the Ellipal wallet currently supports a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin along with ERC20 tokens. It is lower than the number of coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some customers. The company is working to provide the support of more coins in the future.
In the end In conclusion, Ellipal wallet is a good choice. Ellipal wallet has been a new player on the market of hardware wallets and promises to be 100% safe due to its total isolation from any network or computer. Ellipal is a company that’s new, and the product has not been battle-tested yet. The Ellipal wallet is currently compatible with a limited number of coins and the price at $149 is comparable with the other options. While the idea of a fully separated hardware wallet sounds appealing but it’s crucial to look at the security and track record measures of other wallets prior to making a choice. The final decision about whether or not the Ellipal wallet is worth the cost is up to the person who buys it. It’s an extremely secure choice with a unique design but it’s not as convenient in use as the other wallets, and it’s an all-new product available on the market.