The cryptocurrency market has witnessed an significant increase in the amount of hardware wallets available in recent years, each promises to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a new entry into the market and is aiming to differentiate itself from its competitors by offering a completely isolated solution. As cryptocurrency usage grows more commonplace it is becoming more important to secure storage of digital assets is becoming increasingly important. The Ellipal wallet is a gadget which keeps the private keys to digital assets indefinitely, preventing hackers from stealing the keys remotely.
Ellipal the company that developed the wallet’s hardware, is a relatively new player in the market. It raised $55K through an Indiegogo campaign to finance the development of their product. The company’s website as well as online reviews state the hardware wallet as 100% safe, however it is important to keep in mind that hardware wallets of competing firms such as TREZOR as well as Ledger are made in a way that no one outside can see your private keys. In the event that, for instance, the TREZOR is connected TREZOR to a compromised computer that has been infected with viruses your private keys will remain secure and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely disconnected from any network or computer that is, it doesn’t have wired or wireless connectivity. Instead, it transmits QR codes via cameras on its rear end. This makes it a very safe option since it blocks the possibility of hackers gaining access to the private key through a network connection. However, it’s worth noting that this means the Ellipal wallet is not so user-friendly as other wallets that are hardware-based that can be linked to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is relatively new to the market, which means that it isn’t combat-tested to date. This is something prospective buyers need to keep in mind when considering buying the Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR and Ledger) have been in business for longer and have a established track records of security.
In terms of support for coin in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is fewer than the coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some users. But, the company is working to add the support of more coins in the future.
In conclusion, Ellipal wallet is a good choice. Ellipal wallet is a fresh player in the market for hardware wallets, promising that it is 100% secure because of its complete separation from any network or computer. Ellipal is a company that’s new, and the product has not been battle-tested as of yet. The Ellipal wallet is currently compatible with the use of a small number of coins and its price of $149 is on par with the other options. Although the concept of a fully separated hardware wallet sounds appealing but it’s crucial to look at the security and track record features of other hardware wallets prior to making a choice. Ultimately, the decision of whether or not the Ellipal device is well worth the cost is entirely up to the user. It’s a safe option with a unique design however, it’s not as easy for use like other hardware wallets. It’s also an all-new product that’s available.