The world of cryptocurrency has witnessed a significant increase in the number of hardware wallets 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 competitor in the field, and is aiming to differentiate itself from the crowd by providing an unrivalled solution. As cryptocurrency usage is becoming more widespread, the need for secure the storage and protection of assets becomes more important. The Ellipal wallet is a device that stores the private key to digital assets indefinitely and prevents hackers from taking the keys from a remote location.
Ellipal the company that developed the hardware wallet, is a relatively new player in the market. The company raised $55K via an Indiegogo campaign to finance research and development for their products. The company’s website and reviews online claim the hardware wallet as 100% secure, but it’s important to note that the hardware wallets from rival firms like TREZOR as well as Ledger are constructed in a manner that no outside attacker can access your private keys. For example, even if it is possible to connect your TREZOR on a compromised computer that is infected with viruses Your private keys are still secure and safe.
Its Ellipal wallet is distinctive in its design. It is completely isolated from any computer or network that is, it doesn’t have wireless or wired connectivity. Instead, it transmits QR codes through a camera on the rear end. This makes it a highly secure option as it eliminates the possibility of hackers getting an access point to your private keys through the network. However, it’s important to remember that this also means that the Ellipal wallet isn’t so user-friendly as other wallets that are hardware-based that can be linked to a computer for easy transactions.
The Ellipal wallet costs $149 and is relatively recent to market meaning that it isn’t battle-tested yet. This is something prospective buyers should keep in mind when considering purchasing this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR and Ledger) were in business for longer and have an established track record of security.
In terms of coin support in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports only a small number of coins, including Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is less than the coins supported by its competitors, TREZOR and Ledger, which could be a problem for some users. But, the company is working to add more support for coins in the future.
In conclusion, Ellipal wallet is a good choice. Ellipal wallet is a brand new player in the market for hardware wallets that claims to be 100% secure because of its complete separation from any network or computer. The company behind it is relatively new, and the product hasn’t been tested in battle yet. The Ellipal wallet is currently compatible with a limited number of coins and the price of $149 is on par with the other options. While the idea of a totally separated hardware wallet sounds appealing, it’s important to consider the security and track record features of other hardware wallets before making a choice. Ultimately, the decision of whether or not the Ellipal device is well worth the price is up to the individual. It’s a very secure option with an innovative design, however, it’s not as easy in use as the other wallets. It’s also an extremely new product available on the market.