The cryptocurrency market has seen a significant increase in the amount of wallets that are hardware in recent years, all promising to keep digital assets secure and safe. The Ellipal wallet is a new competitor in the field, and aims to stand out from its rivals by providing an entirely separate solution. As cryptocurrency usage becomes more mainstream, the need for secure security for digital asset storage becomes more essential. The Ellipal wallet can be described as a device which keeps the private keys to digital assets off-line to prevent hackers from taking their assets remotely.
Ellipal the company that developed the wallet’s hardware, is a relatively new player in the market. The company raised $55K via an Indiegogo campaign to help fund research and development for their products. The company’s website as well as reviews online claim they are 100% secure, but it’s important to remember that hardware wallets from rival businesses like TREZOR and Ledger are constructed in a manner that no outside attacker can access your private keys. For example, even if you connect your TREZOR to a compromised device which is infected by viruses, your private keys remain protected and safe.
Its Ellipal wallet is unique in its design, it is completely disconnected from any network or computer which means it does not have wired or wireless connectivity. Instead, it communicates via QR codes through a camera on the rear of the. This makes it a highly secure choice as it removes the possibility of a hacker getting an access point to your private keys by the network. It’s important to note that this could mean that the Ellipal wallet is not so user-friendly as other wallets that are hardware-based that can be linked to a computer to facilitate transactions.
The Ellipal wallet retails for $149. It is fairly new to the market, which means that it has not been tested in battle yet. This is something that potential buyers need to be aware of when purchasing the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR as well as Ledger) are on the market for a longer time and have a established track records of security.
Regarding support for coins in terms of coin support, the Ellipal wallet supports the following coins: a few that are supported, such as Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is fewer than the amount of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some customers. However, the company is currently working on adding more support for coins in the future.
In conclusion In conclusion, Ellipal wallet is a good choice. Ellipal wallet is a brand new player on the market for hardware wallets that claims to be completely secure because of its complete isolation from any network or computer. The company behind it is relatively new, and the product has not been tested in battle yet. The Ellipal wallet currently supports a limited number of coins, and its price tag at $149 is comparable with other wallets. Although the idea of a fully separated hardware wallet sounds appealing however, you should consider the track record and security features of other hardware wallets prior to making a choice. The final decision about whether the Ellipal device is well worth the cost is entirely up to the user. It’s an extremely secure choice that has a modern design however, it’s not as user-friendly in use as the other wallets. Additionally, it’s a relatively new product available on the market.