The cryptocurrency market has witnessed an significant increase in the number of hardware wallets available on the market in recent years, all promising to keep digital assets safe and secure. The Ellipal wallet is a new competitor in the field, and aims to stand out from the crowd by providing a completely isolated solution. As the use of cryptocurrency becomes more mainstream and more commonplace, the need for safe the storage and protection of assets is becoming increasingly essential. The Ellipal digital wallet gadget that stores the private key to digital assets indefinitely to prevent hackers from taking their assets from a remote location.
Ellipal, the company behind the hardware wallet is a relatively young competitor in the market. The company raised $55K via the course of an Indiegogo campaign to help fund research and development for their products. The company’s website as well as online reviews state they are completely safe, however it is important to keep in mind that hardware wallets from rival firms like TREZOR and Ledger are also designed in a way that no attacker from outside is able to access your private keys. In the event that, for instance, you connect your TREZOR to a compromised system that has been infected with viruses your private keys will remain protected and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design. It is completely disconnected from any network or computer which means it does not have wireless or wired connectivity. Instead, it communicates through QR codes using a camera on the back of the. This makes it a highly safe option since it blocks the possibility of a hacker gaining access to the private key via an internet connection. However, it’s worth noting that this also means that the Ellipal wallet isn’t as convenient to use as other hardware wallets that can be linked to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is relatively new to the market, which means that it isn’t battle-tested yet. This is something that potential buyers need to keep in mind when considering buying this Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR as well as Ledger) are around for a longer time and have a proven track record of security.
In terms of support for coin in terms of coin support, the Ellipal wallet is currently able to support only a small number of coins which include Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. It is lower than the coins supported by its competitors, TREZOR and Ledger, which could be a problem for some customers. But, the company is working to add support for more coins in the near future.
In the end In conclusion, the Ellipal wallet is a fresh player in the market of hardware wallets, promising that it is 100% secure because of its complete separation from any computer or network. Ellipal is a company that’s 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 tag of $149 is in line with its competitors. Although the idea of a completely separated hardware wallet sounds appealing however, you should consider the track record and security features of other hardware wallets prior to making a decision. In the end, the decision on whether or not the Ellipal product is worthwhile for the price is entirely up to the user. It’s a very secure option with a unique design however, it’s not as easy in use as the other hardware wallets, and it’s an extremely new product available on the market.