The world of cryptocurrency has seen a significant increase in the amount of wallets that are hardware in recent years, all promises to keep digital assets safe and secure. The Ellipal wallet is the latest entry into the market and hopes to differentiate from its competitors by offering an unrivalled solution. As the use of cryptocurrency becomes more mainstream it is becoming more important to secure storage of digital assets becomes more important. The Ellipal wallet can be described as a device which keeps the private keys to digital assets offline to prevent hackers from taking them from a remote location.
Ellipal the company that developed the hardware wallet, is a relatively new player in the market. They raised $55K in the course of an Indiegogo campaign to fund the development of their product. The company’s website as well as online reviews state they are 100% secure, however, it’s important to note that the hardware wallets from rival businesses such as TREZOR as well as Ledger are also designed in a way that no one outside can see your private keys. For example, even if it is possible to connect your TREZOR to a compromised system which is infected by viruses your private keys will remain safe and secure.
The Ellipal wallet is unique in its design, it is completely isolated from any network or computer, meaning it has no wired or wireless connectivity. Instead, it communicates via QR codes through cameras on its back of the. This makes it a very secure choice as it removes the possibility of hackers getting an access point to your private keys through an internet connection. It’s important to note that this also means that the Ellipal wallet isn’t as user-friendly as other wallets that are hardware-based, which can be connected to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is relatively brand new in the marketplace, meaning that it isn’t combat-tested to date. This is something potential buyers should be aware of when buying this Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR as well as Ledger) have been around for longer and have a established track records of security.
In terms of coin support in terms of coin support, the Ellipal wallet supports a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin and ERC20 tokens. It is lower than the coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some buyers. The company is working to add more support for coins in the near future.
In conclusion, Ellipal wallet is a good choice. Ellipal wallet is a new player in the market for hardware wallets and promises that it is 100% safe due to its total separation from any computer or network. 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 its price tag at $149 is comparable with its competitors. Although the idea of a totally separated hardware wallet sounds appealing, it’s important to consider the security and track record measures of other wallets prior to making a decision. Ultimately, the decision of whether the Ellipal product is worthwhile for the price is up to the individual. It’s a safe option with an innovative design, however, it’s not as easy in use as the other hardware wallets, and it’s an all-new product on the market.