The cryptocurrency market has seen an significant increase in the number of wallets that are hardware in recent years, all claims to keep digital assets safe and secure. The Ellipal wallet is a brand new entry into the market and is aiming to differentiate itself from its rivals by providing an unrivalled solution. As the use of cryptocurrency grows more commonplace and more commonplace, the need for safe the storage and protection of assets is becoming increasingly important. It is the Ellipal wallet can be described as a tool that keeps the private key to digital assets indefinitely, preventing hackers from stealing them from a remote location.
Ellipal the company that developed the wallet’s hardware component is a relatively young player in the market. They raised $55K in an Indiegogo campaign to help fund research and development for their products. The website of the company and its reviews online claim the hardware wallet as completely secure, however, it’s important to keep in mind that hardware wallets of competing firms such as TREZOR and Ledger are made in a way that no one outside can see your private keys. For instance, even if it is possible to connect your TREZOR on a compromised device that has been infected with viruses Your private keys remain secure and safe.
Its Ellipal wallet is distinctive in its design, it is completely unconnected to any network or computer that is, it doesn’t have wireless or wired connectivity. Instead, it transmits QR codes using an image camera at the rear end. This makes it a very secure choice as it removes the possibility of a hacker having gain access to private information through a network connection. However, it’s important to remember that this could mean that the Ellipal wallet isn’t as convenient to use as other wallets that are hardware-based that can be linked to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is relatively recent to market which implies that it has not been tested in battle yet. This is something potential buyers must take into consideration when purchasing the Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR and Ledger) have been around for a longer time and have a proven track record of security.
In terms of support for coin In terms of support for coins, the Ellipal wallet is currently able to support only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. It is lower than the amount of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some buyers. But, the company is working to add support for more coins in the near future.
In the end it is clear that Ellipal wallet is a good choice. Ellipal wallet is a new player on the market of hardware wallets that claims that it is 100% secure because of its complete inaccessibility to any computer or network. Its creators are relatively new, and the product has not been battle-tested as of yet. The Ellipal wallet currently supports the use of a small number of coins and its price at $149 is comparable with the other options. Although the concept of a completely separated hardware wallet sounds appealing however, you should consider the history and security measures of other hardware wallets prior to making a choice. The final decision about whether the Ellipal product is worthwhile for the price is up to the person who buys it. It’s an extremely secure choice with a unique design but it’s not as convenient for use like other wallets. It’s also an extremely new product that’s available.