The world of cryptocurrency has seen an significant rise in the number of hardware wallets on the market in recent years, each promising that digital assets will be safe and secure. The Ellipal wallet is the latest entrant in this field and aims to stand out from the crowd by providing an unrivalled solution. As cryptocurrency usage becomes more mainstream, the need for secure the storage and protection of assets becomes more essential. It is the Ellipal wallet is a tool that keeps the private key to digital assets offline, preventing hackers from stealing their assets from a remote location.
Ellipal, the company behind the hardware wallet is a relatively new player in the market. They raised $55K in the course of an Indiegogo campaign to fund its development. The company’s website and online reviews state the hardware wallet as completely safe, however it is important to keep in mind that hardware wallets of rival companies such as TREZOR and Ledger are also designed in a way that no attacker from outside is able to view your private key. For example, even if the TREZOR is connected TREZOR with a compromised system 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 unconnected to any computer or network which means it does not have wireless or wired connectivity. Instead, it transmits QR codes via 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 also means that the Ellipal wallet is not as convenient to use like other wallets on hardware that can be linked to a computer for easy transactions.
The Ellipal wallet retails for $149. It is fairly new to the market, which implies that it isn’t battle-tested yet. This is something that potential buyers must take into consideration when buying this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR and Ledger) are in business for longer and have proven track record of security.
In terms of support for coin in terms of coin support, the Ellipal wallet currently supports only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is less than the coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some buyers. However, the company is working to add the support of more coins in the near future.
In the end In conclusion, Ellipal wallet is a good choice. Ellipal device is an new competitor in the hardware wallet market and promises that it is 100% safe due to its total isolation from any computer or network. Its creators are relatively new and the product has not been battle-tested yet. The Ellipal wallet supports the use of a small number of coins, and its price tag of $149 is on par with other wallets. Although the concept of a fully isolated hardware wallet is intriguing however, you should consider the track record and security measures of other hardware 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 individual. It’s a very secure option with a unique design however, it’s not as easy for use like other wallets. It’s also an extremely new product on the market.