The world of cryptocurrency has seen an significant increase in the number of wallets that are hardware in recent years, all promises to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a brand new entry into the market and aims to stand out from the crowd by providing a completely isolated solution. As cryptocurrency usage becomes more mainstream it is becoming more important to safe security for digital asset storage is becoming increasingly important. Ellipal wallet Ellipal wallet is a tool which keeps the private keys to digital assets offline to prevent hackers from taking their assets from a remote location.
Ellipal, the company behind the wallet’s hardware is a relatively young player in the market. The company raised $55K via an Indiegogo campaign to fund its development. The website of the company and its online reviews state that their hardware wallet is completely secure, but it’s important to remember that hardware wallets of rival firms like TREZOR and Ledger are made in a way that no one outside can access your private keys. For example, even if it is possible to connect your TREZOR with a compromised system that is infected with viruses Your private keys remain safe and secure.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely unconnected to any computer or network, meaning it has no wireless or wired connections. Instead, it transmits QR codes through a camera on the rear end. This makes it an extremely safe option since it blocks the possibility of a hacker having access to the private key via the network. However, it’s important to remember that this also means that the Ellipal wallet is not so user-friendly as other hardware wallets, which can be connected to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is fairly brand new in the marketplace, meaning that it has not been combat-tested to date. This is something potential buyers should be aware of when purchasing the Ellipal wallet. Comparatively, both of the leading hardware wallet makers today (TREZOR as well as Ledger) are in business for longer and have a an established track record of security.
In terms of support for coin, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports a limited number of coins which include Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. It is lower than the amount of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some users. But, the company is working to add the support of more coins in the near future.
In conclusion, Ellipal wallet is a good choice. Ellipal device is an brand new player on the market of hardware wallets and promises to be 100% secure due to its complete separation from any computer or network. The company behind it is new, and the product hasn’t been battle-tested as of yet. The Ellipal wallet is currently compatible with the use of a small number of coins and the price at $149 is comparable with its competitors. Although the idea of a totally separated hardware wallet sounds appealing, it’s important to consider the track record and security measures of other wallet options before making a decision. In the end, the decision on whether or not the Ellipal product is worthwhile for the price is up to the person who buys it. It’s a very secure option with an innovative design, however, it’s not as easy to use as other wallets. It’s also an all-new product available on the market.