The cryptocurrency market has seen an significant increase in the amount of hardware wallets on the market in recent years, each promising to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a brand new entry into the market and is aiming to differentiate itself from the crowd by providing an unrivalled solution. As the use of cryptocurrency grows more commonplace, the need for safe storage of digital assets becomes increasingly crucial. The Ellipal wallet is a gadget that keeps the private key to digital assets indefinitely, preventing hackers from stealing the keys remotely.
Ellipal, the company behind the hardware wallet is a relatively young company on the market. The company raised $55K via an Indiegogo campaign to help fund research and development for their products. The company’s website and reviews online claim that their hardware wallet is completely secure, however, it’s important to note that the hardware wallets of rival firms like TREZOR as well as Ledger are made in a way that no one outside can access your private keys. For example, even if you connect your TREZOR to a compromised computer that has been infected with viruses Your private keys will remain protected and safe.
The 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 communicates through QR codes via an image camera at the back of the. This makes it an extremely safe option since it blocks the possibility of hackers gaining gain access to private information by the network. However, it’s important to remember that this means the Ellipal wallet is not so user-friendly as other hardware wallets that connect to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is relatively new to the market, meaning that it has not been battle-tested yet. This is something potential buyers must be aware of when purchasing the Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR as well as Ledger) have been around for longer and have proven track record of security.
In terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is fewer than the coins supported by its competitors, TREZOR and Ledger, which could be a problem for some buyers. The company is working to add the support of more coins in the future.
In conclusion it is clear that Ellipal wallet is a good choice. Ellipal wallet has been a new player on the hardware wallet market, promising to be completely secure because of its complete inaccessibility to any computer or network. Its creators are new, and the product has not been battle-tested as of yet. The Ellipal wallet supports the use of a small number of coins and the price at $149 is comparable with its competitors. Although the concept of a fully exclusive hardware wallet is appealing, it’s important to consider the security and track record measures of other hardware wallets prior to making a choice. Ultimately, the decision of whether the Ellipal device is well worth the price is up to the person who buys it. It’s an extremely secure choice that has a modern design but it’s not as convenient to use as other hardware wallets. It’s also an all-new product that’s available.